Tuesday, May 03, 2005 8:04:04 AM
I think the majority of shares out for SCMI and MMXT are held by very strong hands. Most likely there were plenty of votes to pass everything without anyone from this forum even voting. Everything needed to pass in order for the merger to happen 1 for 1 IMO.
Even on high volume trading days like yesterday, only a very small percentage of the total shares out trade hands. Odds are the vote was near guaranteed and I'm glad everything passed and that most shareholders can see past their noses.
Anyone who cared about their investment could have simply called or emailed the company to get their votes in on time. SCMI made it easy for me.
Who holds the majority of shares besides insiders? Whoever they are, they want MediaMax to succeed.
Bashers either want cheaper shares or they need to shit or get off the pot. Anyone claiming to like the technology and not trust management is being hypocritical. The technology is a success because management created it in collaboration with employees they hired and with feedback from major labels. If you can't forgive the company for what they did to survive, sell and find another investment IMO. I'm looking forward to 80% margins and ten bagger+ share price appreciation.
Of course some sleazy stuff has happened over the years to keep the doors open, otherwise QTIG would not have been needed to move forward with the long term plan. Without the hodgepodge of small financings and revised plans, SCMI would not be here now. To my knowledge they never started out with a large enough amount of cash to build this business from nothing, but here we are.....an underfunded, former garage company, setting the standard for CD copy management.....while MVSN is losing shareholder value month after month in spite of having well over $200 million in the bank.
Based on trading patterns, it looks like there are some deep pockets that very much want MediaMax to succeed, and at the same time there are competitors and short sellers desperately trying to slow them down. Based on rapid adoption of MediaMax technology, it looks like MediaMax is winning.
Never has the gap between the fundamental value of the company vs the share price been wider. The basher/whiner types can call me a pumper...I don't care if they buy or sell. I hope they sell. Sell Sell Sell. :~)
Even on high volume trading days like yesterday, only a very small percentage of the total shares out trade hands. Odds are the vote was near guaranteed and I'm glad everything passed and that most shareholders can see past their noses.
Anyone who cared about their investment could have simply called or emailed the company to get their votes in on time. SCMI made it easy for me.
Who holds the majority of shares besides insiders? Whoever they are, they want MediaMax to succeed.
Bashers either want cheaper shares or they need to shit or get off the pot. Anyone claiming to like the technology and not trust management is being hypocritical. The technology is a success because management created it in collaboration with employees they hired and with feedback from major labels. If you can't forgive the company for what they did to survive, sell and find another investment IMO. I'm looking forward to 80% margins and ten bagger+ share price appreciation.
Of course some sleazy stuff has happened over the years to keep the doors open, otherwise QTIG would not have been needed to move forward with the long term plan. Without the hodgepodge of small financings and revised plans, SCMI would not be here now. To my knowledge they never started out with a large enough amount of cash to build this business from nothing, but here we are.....an underfunded, former garage company, setting the standard for CD copy management.....while MVSN is losing shareholder value month after month in spite of having well over $200 million in the bank.
Based on trading patterns, it looks like there are some deep pockets that very much want MediaMax to succeed, and at the same time there are competitors and short sellers desperately trying to slow them down. Based on rapid adoption of MediaMax technology, it looks like MediaMax is winning.
Never has the gap between the fundamental value of the company vs the share price been wider. The basher/whiner types can call me a pumper...I don't care if they buy or sell. I hope they sell. Sell Sell Sell. :~)
