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Sunday, July 11, 2004 4:37:49 PM
Personally I wish they had never gone the QTIG route but as I understand it the original idea was to use QTIG (since it's already fully reporting) to be able to validate the earnings Sunncomm was getting. Along the way, one of the numerous "changes" someone thought distributing it to shareholders might be a swell way to cause shorts to cover... doesn't look as if the threat has anyone too scared at the moment.
Simple is usually better on Wall Street. All of the convolutions that Sunncomm is putting itself through merely detract from the rest of the package and cause Wall Street to cast a jaundiced eye when they look in our direction.
Anyway, as I presently understand it they have filed the SB2 already, so much of this discussion is rather mute as the distribution appears to be in progress.
What I am really interested in is the revenues, (record labels) because without them, we have nothing but empty dreams.
If they distributed the QTIG shares tommorrow, there would be zero difference in the pps in my opinion.
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