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Re: jrinphx post# 21371

Saturday, 04/16/2005 2:12:51 AM

Saturday, April 16, 2005 2:12:51 AM

Post# of 341699
I don't think the approval for dilution is automatic. Mentioned was that over 50% of SCMI stock is currently being held by insiders--and this forthcoming vote is just mass window dressing. I know 3 years ago this was the case---but each subsequent year more stock has been voted/issued and think this stock has moved through the trading pipeline...Over 50% MMXT is tightly held by a group friendly to both companies. This bodes well for possible upside MMXT SP as not many shares are free trading or will be shaken loose. Plus MMXT is not a pink sheet and is the hot topic being pushed by Howard Stern & music industry....Here's the problem: If the 90mm dilution isn't passed by SCMI shareholders = then it's possible (I believe stated in the proxy) that the merger may not take place at this time...Think of the consequences -- not good for SCMI but huge for MMXT. MediaMax stock wouldn't be taking on this 450mm 1 for 1 merger baggage. However, if there are a significant # of shorts I'd rather own SCMI. But, if the merger doesn't go through SCMI will probably not withdraw from the DTC because of the massive headaches/expenses to follow....Sooooo, voting one way or the other--this 90mm dilution is huge...Shareholders of both companies simply don't have enough information and can only speculate as to outcome....My Opinion....