InvestorsHub Logo
Followers 2
Posts 735
Boards Moderated 0
Alias Born 04/16/2004

Re: Grandma post# 8619

Wednesday, 09/15/2004 10:54:42 AM

Wednesday, September 15, 2004 10:54:42 AM

Post# of 341724
Scmi Is generating a strong income stream, over $400,000 dollars per month.

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 .