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Re: gregg99 post# 25206

Friday, 06/24/2005 12:52:23 PM

Friday, June 24, 2005 12:52:23 PM

Post# of 341719
Hello Gregg -- I know that neither SCMI nor MMXT has placed stock within the past 6 months in which this same stock has come back onto the market. Agree with you that purchaseing a private placement (restricted not treasury stock) & holding for "1" year at these price levels doesn't make sense. The spread between the cost basis of the restricted vs current market price does not warrant purchasing private placements. I'd rather own free trading shares especially during the next 6 months allowing more financial flexibility. My point is this that the structure of the 90mm shares is "restricted" stock...If Peter/Bill do place any of this stock it'll hopefully be in friendly hands. I remind myself that SCMI (and now MMXT because of 1:1) is a pink/penny stock and it's being heavily manuiplated by unscrupulous MM's....Getting off the pink's is a priority for SCMI/MMXT which will allow them to move forward with their financial health. It's tough generating interest by outsider financial forces when you're a pink hairball trading a .04 cents. Although Peter/Bill do not want to either sell stock (unless forced) nor get bought out at current SP levels. It's a give-a-way compared with recent/near term business developments. So we hold -- hope & pray. Again = Next 6 months win or lose is what we've all been waiting for.....My opinion....