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Tuesday, May 03, 2005 3:02:39 PM
There has been some disappointment with (1.) how the whole shareholders meeting and further dilution thing has come about, and (2.) the forecast timeframe for the potential merger. 90 million shares is a 20% dilution, so 6 cents less 20% is 4.8 cents. People see this (owning SCMI) as "dead money" for at least a few months.
I've owned SCMI forever; the only MMXT I own is that one dividend I got. I was going to buy MMXT a while back when they were less than SCMI shares, but I was told it wasn't really necessary or wise.....wish I would have bought it back then (at 3 cents).
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