Wednesday, September 15, 2004 10:54:42 AM
This is based on 25 million cd's this quarter ending sept ,30,2004.
A modest "get acquainted" pricing sceme of only $.05 , royality average gives me that number on 25 million cd's.
Scmi ,has the Quality, the stars,rca records, great names, great artists, usher, velvet revolver, ray charles , and the list goes on.
Go to Sunncomm web site to get the complete list of artists.
The market maker [mm], working with Sunncomm apperars to buying back scmi stock. I estimate scmi is to acquire almost 50 million shares, 3.5 million dollars worth at the average price of [.07] cents.
The target price for scmi "must" be $5.00 for the American stock exchange.
The price can only be arrived at by a buyback of stock by scmi.
A reverse split is also not out of the question.
With a new price of .70 cents , and the buyback can get us there.
Reverse splits are however not beneficial to a growing company.
It is a real bad idea. WE need to increase the income .
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