Sunday, April 17, 2005 10:12:21 PM
first they cancel the dividend, now they throw in the dilution.
in my opinion they are full of _hit.
1:1 merger. yea, right. i will believe it when i see it. the market usually gets it right and scmi sells at a huge discount to mmxt. if this was going to be a 1:1, the market wouldn't be giving away such a premium. the gap would be filled in a ny minute.
why did scmi have to give away so much to set up a shell(mmxt).
shells can usually be established for a few hundred grand. the reason? peter and co. controlled most of qtig. so in effect, the scmi shareholders were raped for 50% of their company. then promised dividends which were subsequently taken away.
the short squeeze is just another ruse by peter to get the sheeple to want a merger. that won't amount to a pile of beans.
my prediction: mmxt takes off on the stern and other hype. scmi goes sideways or down. there will be no merger. peter and company will unload their mmxt shares while scmi wait patiently for the mmxt shares they will never receive.
it's hard to change stripes on a zebra.
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