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Re: stingray2 post# 7774

Sunday, 08/22/2004 6:54:14 PM

Sunday, August 22, 2004 6:54:14 PM

Post# of 341709
"Do you have any
doubts? "

Yeah, I have a lot of doubts. First off this is a technology company. The leader in the industry is clearly Macrovision and Sunncomm & Co are to be congratulated for carving out a beachhead in audio copy-protection, but make no mistake, the company with the assetts, contacts and relationships, is Macrovision. Just because they are behind for now does not mean with a liberal dose of money that they can't get back in the game... indeed I always expected we'd simply get a portion of the audio CD revenues, so the success to date is greater than I would have imagined.

So yes... my concern is Macrovision.

My concern is also management or should I say the lack of it. While the OEM deals are critical to the companies future, so too is running the company as if it were a real company, ie: filings, fully reporting status, on a real exchange, quality people in managment positions such as CFO and legal council as well as PR.

These are fundamental, business 101 items that are as crucial to success as wings on an airlane... certainly the contracts are of primal import, however you don't ask, "which is more important, an airplanes wings or it's engines?" because it's obvious you need them both... so too in Sunncomms case, we need to be run like a real business so that we can attract the capital that will raise shareholder equity.

Managements response so far has been to stiffle these issues to shareholders with accusations that investors are simply day traders and not patient or advice to "sell your shares if you don't like it". These are hardly the responses one would expect from a management team that knew what it was doing.

So yes... I am concerned and have doubts. I took a lot on faith over the last two years, have held and never sold, even on the big run up and have added a lot more while it was super cheap... ohhh yeah, it's still super cheap.

The technology appears solid and the labels are using it... I hope they fix the rest of this mess so shareholders can get rewarded. My guess is we have a narrow window of opportunity here and the door could close faster than the .40 cent paper profits dissapeared.

Good luck to longs.