Satellite Newspapers Corp. (fka SNWP)

[up-down]

kermit, I'm not down on SNWP

I like any stock that can increase shareholder value. I put whatever facts I thought important in the ibox. It helps to refresh my memory quickly if need be. It bothers me they did a 50:1 RS a year ago, that they have been in default with Nevada for over a year, that they also have preferred shares that could dilute shareholders. There have been zero PR's since... 08/29/06 Satellite Newspapers Partners CNPITC, Chinese Largest Enterprise in Press and then theres the latest 10Q filing saying they ceased operations. On top of that DeVries and Mariani alleged breach of employment and fraud and won a 1.44M judgement but are accepting only 150k payable in 8 days.

As for Panetta's spin. I see it differently. Looks like another RS is in the offing...

"...In addition on March 27, 2007 the Company's Board of Directors and
majority of its Shareholders approved to accept subject to due
diligence by all parties the March 21, 2007 Memorandum Agreement
executed with International Creative Property Concepts NV and Andreas
Yanakopoulos, an operator and provider of elderly care services in
Belgium, registered in Kapellen, Belgium. The total purchase price
is € 35,535,250 or $47,428,902 at a conversion rate of 1.3349 as of
this date to be paid with the Company's common stock, at an agreed
share price of $0.35, for a total of 131,998,071 common stock post
Reverse Stock Split which will represent 73.2% of all issued and
outstanding shares of the Company. These shares will have a lock up
period for a period of two years.
..."

73% of 180M shares is 132M. The OS is 423M and there are 2.2 "A" shares as well. Maybe DeVries and Mariani are back in bed with management and will soon be selling stock. Maybe Panetta likes to gamble. On the bright side, SNWP does file with the SEC.

Investors Hub - Bill Panetta Charting Techniques#3064, BOTTOMBUSTERS & POWERSCANS (weekend) · Bill Panetta, 7/7/2007 11:27:14 AM. #3063, Bill, are you still holding SNWP? ...
www.investorshub.com/boards/board.asp?board_id=4203 - Jul 11, 2007 - Similar pages

Investors Hub - Bill Panetta Charting Techniques Post #2504Stock Clubs | Market Trends and Strategies | Bill Panetta Charting Techniques ... SNWP has 423M outstanding as of 3/27, and based on the proceeding ...
www.investorshub.com/boards/read_msg.asp?message_id=19521528 - 17k - Supplemental Result - Cached - Similar pages
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SNWP . . . Just popped on my !volume! FILTER [Archive] - Penny ...from bill panetta at the hub SNWP DD SNWP has 423M outstanding as of 3/27, and based on the proceeding information, I do not believe that is going to change ...
www.hotstockmarket.com/forums/archive/index.php/t-48877.html - 51k - Supplemental Result - Cached - Similar pages


Keep an eye on L-II tomorrow and see who the seller is. Even delayed L-II is good for that! I'll be out all day.



http://www.otcbb.com/asp/quote_module.asp?qm_page=73829&symbol=SNWP