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Replies to post #18262 on SUTIMCo International Inc (SUTI)

Replies to #18262 on SUTIMCo International Inc (SUTI)
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TEFFY

08/15/12 7:22 AM

#18263 RE: JLPTNG #18262

TY , much appreciated, that is a good read :-)
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RCL Cruiser

08/15/12 9:14 AM

#18264 RE: JLPTNG #18262

Well we now know where all those big block sales came from. The 49 million shares were sold for a nice profit since they were converted at .002. The company should explain to shareholders why they did that. The only positive now is that the shares do appear to be liquidated and the price can now trade higher or lower based on investor demand. The float being higher at over 60 million does not bother me too much. That is not a lot of shares in penny land.

On a positive note we at least know how the company is doing fiscally. It has sales and it has profits. That is unusual in penny land. Most have a promise of sales and profits but very rarely deliver.

Let see how the days trading develops.
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Marketmadness1

08/15/12 10:04 AM

#18268 RE: JLPTNG #18262

I'm not surprised. Dumping into promo is what they all do. Look on the bright side, 60mil float is still very low. A difference of 19mil in pennyland is peanuts. will look to take a shot here, thing looks ready for a reversal.
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Willy

08/15/12 10:12 AM

#18269 RE: JLPTNG #18262

As I recall there was mention here that the company had 10 PR's lined up. Is that true or were they lying about that also?
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Slojab

08/15/12 10:36 AM

#18276 RE: JLPTNG #18262

Hi All, review the filings and specifically Note 9 - We disturbed by the fact that 115K was converted into 49 Million shares. This would make the conversion price at $0.002 and we believe this is out right wrong and dishonest by the company on how they handled this. Rough calculations show now probably float of about 65 M (16M June 30 plus 49M conversion) which is still very manageable here for this price level. But and explanation is required here and I think the company does need to come out with an explanation and some answers. We are definitely going to have a discussion with them for an explanation. Will keep you posted. thx

I thought XP was in contact with representatives of the company and had been obtaining/confirming current numbers?

Where did the 41M number come from and where did it go?

The figures you're using are from June 30, right? That's not current.

Sounds like noone can get their stories straight here.