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SMMW: Interesting PR today:
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[QUOTE]Originally posted by prrm-facts: [QB] [QUOTE]Originally posted by stocktrader22: [qb] The whole point is they are buying back and they are keeping the guy who helped out PAIV and PAIM. [/qb][/QUOTE]Here's the truth on your buybacks. Well, I see Dan is at it again. Here are the new TA numbers and a very factual to the point post. Maybe this will explain why billions of shares are going with no pps appreciation. In short, Dan is getting his. New TA numbers: More bad news. Dan sold off more of his restricted, which ended up in the tradable portion of the OS. He’s repeated this maneuver multiple times since early this year. He puts out a PR showing a decrease in the overall OS but in reality he’s been reducing the restricted and transferring it to the tradable. Numbers as of:7/10/2006 Tradable: 49,121,232,874 Restricted: 20,533,767,126 Total OS: 69,655,000,000 Numbers as of: 6/19/2006 (Last time I checked with the TA) Tradable: 47,921,232,874 Restricted: 22,033,767,126 Total OS: 69,955,000,000 RESULTS: Tradable INCREASED by: 1,200,000,000 Restricted DECREASED by: 1,500,000,000 Total OS DECREASED by: 300,000,000 COMMENTS: Once again, Dan puts out a PR that makes it look like progress is being made on the OS. However when you look into the details you discover there’s more than meets the eye. While we had a reduction of 300,000,000 to the overall OS, Dan has managed to sell off another 1.5 billion of his restricted shares, for some unknown purpose. One theory of what may have transpired: Lets assume Dan sold the 1.5 billion shares for $150,000. It’s possible he may have taken $30,000 of the proceeds to buy back the 300,000,000 shares he PR’d. The remaining $120,000 he kept for purposes unknown. Does this sound like a guy who has a plan to increase the PPS of SMMW? If you think so, I live in Florida and I think there is still some swamp land available for cheap prices. You guys are anticipating an audit with surprising figures yet Dan is still dipping into his restricted shares, dumping them into the tradable portion, in effect decreasing your chances for a run on the PPS. I still hold with Highwayman's theory: Dan reduces his restricted shares to zero, reverse merges and/or reverse splits the stock when it won't affect his portion of the OS anymore. That’s what Astrom taught him to do, isn’t it? HISTORICAL NUMBERS: Numbers as of:7/10/2006 Tradable: 49,121,232,874 Restricted: 20,533,767,126 Total OS: 69,655,000,000 Numbers as of: 11/1/2005 Tradable: 33,797,804,897 Restricted: 37,383,768,046 Total OS: 71,181,572,943 RESULTS: Tradable INCREASED by: 15,323,427,977 Restricted DECREASED by: 16,850,000,920 Total OS DECREASED by: 1,526,572,943 So, since November of 2005, after all the PR's and posturing, Dan has only reduced the overall OS by 1.5 billion. On the other hand he's played around with the restricted and tradable quite a bit. He's managed to reduce his restricted by 16 billion and transfer 15 billion of it to the tradable portion....the part that affects you, the investor. In my opinion, Dan is doing the opposite of what it takes to raise the PPS of this stock. [/QB][/QUOTE]
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