alj14, it's great that Kimberly directed your attention to the PR you posted. Perhaps YOU can direct her to the following 2 PR's. BUT before that, How does the company have the MONEY to pay for "A LOT OF PRELIMINARY LEGAL WORK" for 11 subsidiaries which will cause us shareholders FURTHER DILUTION and EXPENSE. Will the subsidiaries be "Reporting" and NOT on the pinks?
ANOTHER dividend that will "CLEARLY TAKE MUCH LONGER" is no longer acceptable to shareholders.
And now the 2 PR's which you should direct Kimberly to (clearly a point in which to be concerned about the ablove mentioned subsidiary taking much longer)
SunnComm Announces 2 Million Share Stock Dividend to Stockholders
PHOENIX, Arizona – February 28, 2002—SunnComm, Inc. (OTC: SUNX) announced today that it will be issuing two million shares of Dstage.com, Inc. (OTCBB: DSTG) stock to its shareholders as a stock dividend. SunnComm recently received a stock payment from Dstage, who has purchased the right to use the company’s proprietary optical media copy protection technology.
According to SunnComm CEO Peter H. Jacobs, SunnComm intends to distribute the common stock to its stockholders on a pro-rata basis once Dstage has registered the shares in accordance with SEC regulations. The declaration date of the dividend will coincide with the effective date of the registration. “If you owned 1% of SunnComm on the declaration date,” Jacobs explained, “you would receive 1% of the 2,000,000 shares, or 20,000 shares.”
Press Release Source: SunnComm Inc.
SunnComm Shareholders to Receive Property Dividend, New Certificates Upon Ownership Confirmation
Tuesday October 22, 11:06 am ET
Fan Energy Inc. Will Register Common Stock Previously Issued to Project 1000 Inc., a Wholly Owned Subsidiary of SunnComm
PHOENIX--(BUSINESS WIRE)--Oct. 22, 2002-- Shareholders Will Be Required to Prove Ownership of Shares Prior to
Receiving Property Dividend and New SunnComm Certificate
SunnComm Inc. (OTC: SUNX - News) President and Chief Executive Officer Peter H. Jacobs announced today that all eligible SunnComm shareholders will be receiving a new replacement SunnComm stock certificate and a property dividend in the form of Fan Energy Inc. (OTCBB: FNEY - News) common stock, the distribution of which is subject to a registration statement being declared effective by the Securities and Exchange Commission ("SEC"). The record date for the property dividend has not been set.
AI
