posted
I've seen news come and go on PRRM, then SMMW, and the result has always been the same... .0001.
Posts: 291 | From: Dundee, Oregon | Registered: Jan 2006
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quote:Originally posted by prrm-facts: Hey guy's I sure hope that the T/A numbers don't change again like last time this traded in the billions. You do remember right? 4 billion, that's with a "B" were taken from restricted shares and added to common. So far Dan has moved alot of shares in the last month or so. Will the shareholders ever get a turn? As of today, Dan has made sure we haven't. This won't go anywhere till you see "billions" go off at .0002 bid that is.
IMHO, same thing is happening again. Although people are stating that the T/A numbers haven't changed, the same people were saying that before.
Posts: 152 | From: fla | Registered: Feb 2006
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quote:Originally posted by rob_seller: I think we need this stock back here... I did some DD and found this very intersting stock.. Anybody else wants to go long on this....
lol-G/L---I have bought a number of times over the last 20 months-got a little more yesterday.
Posts: 3056 | Registered: Feb 2005
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posted
Good to know that... I think with the publicity this stock has been getting over other boards..there must be something cooking... I did some DD and liked this baby... I actually still correspond via email with one of the old members here (booted out)....and he/she told me ab this... Just wanted to chk how u guys feel ab this... It seems good for long....
-------------------- This is not a recommendation to buy or sell securities. Posts: 1206 | Registered: Feb 2006
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quote:Originally posted by eddy: why not fax them to satisify yourself-they have not changed------ 972-612-4122
Eddy, I didn't say I wasn't satisfied, I stated that is my opinion that they will change. I don't need to get a fax myself because you guy's post it everywhere daily now. What will worry me is when it stops getting posted daily. Then I'll know it has happened. All of this is of course my opinion based on previous practice of Dan and company.
Posts: 152 | From: fla | Registered: Feb 2006
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posted
we sure have everyone interested now-averag 10 day trading volume is 840 million now-way up!!!
Posts: 3056 | Registered: Feb 2005
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quote:Originally posted by eddy: why not fax them to satisify yourself-they have not changed------ 972-612-4122
Eddy, I didn't say I wasn't satisfied, I stated that is my opinion that they will change. I don't need to get a fax myself because you guy's post it everywhere daily now. What will worry me is when it stops getting posted daily. Then I'll know it has happened. All of this is of course my opinion based on previous practice of Dan and company.
sorry-read your post wrong--the T/A does update numbers every day-just info
Posts: 3056 | Registered: Feb 2005
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posted
This is a no brainer... I think I will get in... 0.0001....with this kinda potential is carzy not to get in.. Let it sit for few months and let the money grow...
-------------------- This is not a recommendation to buy or sell securities. Posts: 1206 | Registered: Feb 2006
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posted
jmo-even for those that think this is a POS. they all have their runs-I don't think this is a POS myself-G/L all
Posts: 3056 | Registered: Feb 2005
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posted
for new people-this is just some info-and just my honest opinion-----------------------------------------------------------------SMMW- A diamond found in the rough of pinksheet land. Dan is one of the most upfront and honest CEO's I have ever had the pleasure speaking to. He really cares about the company he is building, and wants to take time and do it right. He has a 5 year plan, and we are in PHASE 1 as of now. 1-----Its subsidiaries include RSN broadcast affiliates Stowe TV-10, Adirondack TV-33, and Steamboat TV-18; as well as High Angle Media, a video production company; the outdoor adventure television series BCTV; N'EAST Magazine, and Stockli Ski USA, the exclusive U.S. distributor of Stockli Skis. 2--------Summus Works, Inc: Summus Works, Inc. Announces Licensed Satellite Affiliate Program -------The Company excitedly announced that it will immediately seek satellite broadcast affiliates in the Denver, Boulder, Albany, Saratoga, Burlington, Hartford and Boston markets. 3-------Summus Works, Inc. To Establish TV Station In Winter Park, CO 4------Summus Works, Inc. Expediting Broadcast Network Expansion --a "VVV" initiative struck to develop and/or license technology that will drastically facilitate the rapid expansion of its cable broadcast subscriber base ("sub base") while enabling its cable affiliates to independently broadcast to satellite locations beyond their immediate cable system. The Company projected that newly implemented technology will save the Company's cable broadcast division approximately $120,000.00 while forecasted to increase revenues of the same by $600,000.00. 5-------Summus Works, Inc. (Pink Sheets:SMMW) announced its subsidiary N'East Magazine has released its Winter/Spring issue. N'East Magazine is dedicated to outdoor adventures, sports, travel and lifestyle in and around northeast North America. 6--------Summus Works, Inc. (Pink Sheets:SMMW) announced that Stowe TV-10 will begin coverage of the winter games hosted by the Vermont chapter of the Special Olympics at Bolton Valley 7-----Summus Works, Inc. (Pink Sheets:SMMW) is pleased to announce it is engaging an advisory specialist to assist in the Company's capitalization. In addition to providing specialized financial and advisory services in connection with the Company's current funding and credit facilities, the role will include the responsibility of facilitating the Company's financing of up to $5.5 million in debt and equity. In accordance with the Company's guiding VVV principles, its expansion throughout North American markets necessitates the move, which will inevitably increase the value of its media division's broadcast inventory. "Even with our current funding and financing in place, the opportunities for the Company's expansion ahead invariably warrant the need for such an advisor," said Summus Works' President Dan Burgess. 8-----with the Company's VVV policy, its media division is developing television broadcast markets in the states of Colorado and Montana. The company's vision of subscriber base (or "sub base") expansion calls for the establishment or acquisition of existing cable broadcast and/or low power television ("LPTV") stations on which to air the Company's original programming with that of RSN. RSN is a national resort sports network based in Portland, ME. Summus Works recently launched its wholly owned subsidiary RSN Steamboat TV-18 in Steamboat Springs, CO, on Comcast Communications 9-------reduced authorized shares from 100 billon to 80 billion. 10----- Announces Name Change To Summus Works, Inc.; No Reverse Split 11------shares of outstanding common stock held by Dan Burgess, to be returned to the Company's transfer agent and cancelled. The two billion shares retired are in addition to one billion shares retired, as previously announced by the Company last week. Management noted that the recent cancellations are further efforts in line with the Company's aggressive "VVV" growth and awareness policy, established to increase the Company's "Visibility, Volume and Value." 12----announced the Company is sending representation to the 2006 Winter Olympic Games in Torino, Italy to maximize opportunities presented by the international celebration of winter sports. 13----The Company will unveil its aggressive new "VVV" growth and awareness policy -- "Visibility, Volume and Value," which, management announced, will include the designation of either a full time in-house, or outsourced investor relation position to improve shareholder communications in conjunction with the Company's augmented PR initiatives. 14------ Comcast Corporation (NASDAQ:CMCSA) (NASDAQ:CMCSK) and Steamboat TV-18 completed the installation of RSN Steamboat TV-18 equipment, effectively launching the channel. 15----announced it is not in discussions to bring the Company private. To the contrary, Company President Dan Burgess reiterated that he is continuing to purchase Company stock on the open market. 16-------announced the Company's subsidiary, BCTV, and Aspen, Colorado-based New Visions Syndications have partnered to syndicate two of the Company's outdoor adventure programs nationwide. Already this winter, "1st Descent: Mt. Cook, NZ" and "Artesonraju: Peruvian Heights" have each aired to nearly eight million total potential viewing households across the U.S. As part of the Mountain Top Ski and Snowboard Series, the programs air on broadcast and cable network affiliates of major networks, including ABC, NBC, CBS, and Fox, in every major market throughout the nation. 17----announce that it has made the final scheduled payment on the mortgage for its wholly owned subsidiary cable broadcast company Stowe TV-10. "We are excited that the mortgage has been paid on time and in full. We are looking forward to this asset appreciating greatly 18-----announced the Company's relations with Twin City Subaru of Montpelier, Vermont regarding the sponsorship of one or more of the Company's subsidiaries including, but not limited to, Backcountry TV and High Angle Media 19----announced it has retained the services of Best Ski Weather (.com) to be the exclusive weather provider for the Company's wholly owned subsidiary Stowe TV-10 20----The company announced that Charlie Webb of CJ Webb, Inc. will now spearhead sales for Stockli Ski USA. Mr. Webb has nearly 30 years of ski hard goods sales experience and enjoys a reputation as one of the top selling hard goods reps in the country. 21----Company also announced it is shifting more emphasis on the creation of original programming for national syndication. 22-----http://www.highanglemedia.com/content/index.php/corporate/ 23--- http://www.stockli.com/ 24---- http://www.neastmag.com/neast.html -------------------------------------------------------------------------------------------------------------------------------- THIS IS JUST THE GROUND FLOOR OF A GREAT COMPANY BEING BUILT BY GREAT MANAGEMENT. There is so much more to say about SMMW. I have just touched the tip of the giant iceberg. This is just my honest opinion.
Posts: 3056 | Registered: Feb 2005
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posted
we have done 2 out of 3 of this-remember? jmo when we start vaule we run big------The Company will unveil its aggressive new "VVV" growth and awareness policy -- "Visibility, Volume and Value
Posts: 3056 | Registered: Feb 2005
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posted
60+ Billion shares and they keep dumping more. Why did you not listen when people told you this has been sitting at .0001 for two years.
Posts: 486 | From: Tennessee | Registered: Jun 2005
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posted
jmho-Dan can move the PPS any time he wants. For some reason he is not ready yet, and that leaves me trying to figure out how come? the only 2 things I can come up with are. 1-Dan and friends are buying shares at .0001 while everyone gets pissed off and sells? 2- Like I posted yesterday, Dan wants 5-7 thousand shareholders, and the only way to get that without diluting, is to keep the PPS down until some of the shareholders that have 500 million to 3 billion shares get pissed and sell into smaller buyers, that would up the shareholder base? He is not wanting to run the stock yet, anyone else have thoughts to as why? current shareholder count is just over 3 thousand.
Posts: 3056 | Registered: Feb 2005
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posted
next time someone talks to Dan, ask him why he wants our PPS not to move? there is a reason. I am just trying to figure it out-If he wants to buyback at .0001 and retire the shares-I can wait a long time.-
Posts: 3056 | Registered: Feb 2005
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posted
Good morning guy's Her's some VERY interesting reading. You all do know Dan was picked up for DUI recently? Had back taxes in DE where incorporated? Now read these:
Posted by: whatshisname In reply to: None Date:3/25/2006 10:44:26 PM Post #of 5374
Take a look at this. New court case against Dan and Skiershop. The case was filed only 19 days ago.
Case Name: CIT Commercial Services, Inc. vs. Skiershop.com LL Docket Number : 111-3-06 Wmcv
Name Attorney Plaintiff (s): CIT Commercial Services, Inc. Ilerdon S. Mayer Defendant(s):Barbara Roehm, d/b/a Skiershop.com Skiershop.com LLC, d/b/a Skiershop.com Daniel Burgess, d/b/a Skiershop.com
Case Filing Date: 03/02/06 Case Status: Active - Answer Due Case Type: Civil Click here to see the codes Next Hearing: 04/11/2006 =====================================================
03/02/06 2159220 - partyadd CIT Commercial Services, Inc. Plaintiff, entered as party 1.
2159221 - partyadd Skiershop.com LLC d/b/a Skiershop.com, Defendant, entered as party 2.
2159222 - partyadd Daniel Burgess d/b/a Skiershop.com, Defendant, entered as party 3.
2159223 - partyadd Barbara Roehm d/b/a Skiershop.com, Defendant, entered as party 4.
2159224 - cvfile - status set to aad Collection case filed by Plaintiff CIT Commercial Services, Inc. against Defendant Skiershop.com LLC d/b/a Skiershop.com and Defendant Daniel Burgess d/b/a Skiershop.com and Defendant Barbara Roehm d/b/a Skiershop.com.
2159225 - document 1 document filed by Attorney Ilerdon S. Mayer for party 1: Summons. Service complete on party(s) 2: personal service. Documents served: Summons & Complaint. Service complete on party(s) 3: personal service. Documents served: Summons & Complaint. Service complete on party(s) 4: personal service. Documents served: Summons & Complaint. 03/03/06
2160156 - hrgset Court Trial set for 04/11/06 at 02:30 PM. ------------------------------------------------------------------------------ Document Printed Sat Mar 25 22:07:49 EST 2006 doc_id: 63849 - cvfile - status set to aad Collection case filed by Plaintiff CIT Commercial Services, Inc. against Defendant Skiershop.com LLC d/b/a Skiershop.com and Defendant Daniel Burgess d/b/a Skiershop.com and Defendant Barbara Roehm d/b/a Skiershop.com. 2159225 - document ==================================================
If this is THE CIT COMMERCIAL company suing Skiershop, Dan and Bobby, something is up and it isn't good. This is the type of company that helps other companies solve problems. Check out the list of services offered by CIT Commercial. This is exactly the type of company you want Dan to be associated with to help him with what's wrong with Skiershop/SMMW.
Questions: Did CIT Commercial not perform as expected so Dan didn't pay his bill? Is Dan out of money again?
The bottom line is that CIT Commercial wants its compensation and their suing for it. This has to put a delay in the plans of Dan folding Skiershop into SMMW.
On the next phone call, someone might want to ask Dan to come clean on this one. Ask him what made the deal go sour? Why hasn't Dan paid up?
Questions, questions questions. The mystery of SMMW grows deeper. Don't expect Skiershop to be part of SMMW anytime soon.
Posts: 152 | From: fla | Registered: Feb 2006
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Posted by: whatshisname In reply to: k9narc who wrote msg# 5173 Date:3/26/2006 12:12:59 AM Post #of 5374
What if this was the company that Dan was using to kick start Skiershop/SMMW. Remember this PR?
STOWE, Vt.--(BUSINESS WIRE)--March 7, 2006--Summus Works, Inc. (Pink Sheets:SMMW - News) is pleased to announce it is engaging an advisory specialist to assist in the Company's capitalization.
What if CIT Commerical was the company that Dan was using to help us in our quest to find funding and/or realize PPS appreciation but the deal fell through. Skiershop, Dan and Bobby get sued for non-payment, forcing a damage control PR, 5 days post the legal filing, stating they are engaging an "Advisory specialist" knowing the information would go public at some time. That way the pumpers can say, "So what about CIT. Good riddance. Now we have an "Advisory Specialist" who Dan will name at a later date."
Food for thought.
If the above is true, are we at square one now? Does Dan have to start over again? Should anyone be hoping for "March Madness" anymore? Is "April Showers" going to bring nothing more than "May Drought?"
Dan has some explaining to do concerning this one. When you read the list of services Dan had at his disposal you begin to wonder what suddenly caused this deal to go south!
1) Funds to fuel expansion? 2) Need to enhance cash flow? 3) Protection against bad debt losses, accounts receivable bookkeeping, and collection services? 4) Protection against bad debt losses? 5) Credit protection on a few big customers? 6) Funds for a management buyout or LBO? 7) Outsourced management of my accounts receivable function? 8) Off-balance sheet financing 9) Reduce expenses of my current lock box and increase availability of funds?
How can CIT help? NOTE: Each number below corresponds with the same number above.
1) Working capital financing 2) Factoring with accounts receivable and inventory financing 3) Factoring What is factoring?
Factoring is a complete financial package that combines:
a. Credit protection b. Accounts receivable bookkeeping c. Collection services d. Financing
File Number: 3866564 Incorporation Date / Formation Date: 10/12/2004 (mm/dd/yyyy) Entity Name: SUMMUS WORKS INC. Entity Kind: CORPORATION Entity Type: GENERAL Residency: DOMESTIC State: DE Status: GOOD STANDING
posted
Well, I guess Eddy would have gotten to putting this up for you guy's to read eventually but I wasn't doing anything else this morning so, your welcome Eddy.
BTW, good morning folks.
Posts: 152 | From: fla | Registered: Feb 2006
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posted
Total Authorized Shares: 80,200,000,000 lol lol lol
lol lol lol
current shareholder count is just over 3 thousand can anything be learned from CMKX guess not!
-------------------- THE DEVIL HIDES IN THE DETAILS (DD) DO YOUR DD BOOOYAH :) Posts: 345 | From: central florida | Registered: Oct 2005
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posted
Here's some older food for thought. Many of you other investors may not know this. Eddy, I'd like to hear your take on these recent developements, just your opinion, don't try and bury it like your doing on I-hub. That really looks BAD.
By: clockwatcher10 16 Nov 2005, 12:51 AM EST Msg. 57294 of 68453 Jump to msg. # This link was sent to me. I'm not sure the sender wants to be named, so for now he/she will remain anonymous. It's a long read, but stick with me. Much of the information is useful for looking up additional data on the following website. This information is interesting. The reader will have to decide what it all means to the future of PRRM.
If your browser does not have a .tiff viewer you can downloaded .tiff viewing software from the link below. I installed the program into my Mozilla FireFox browser. Note: On installation the program will ask for your name, etc. I put in a couple of letters in each box and the software installed.
When using this program be mindful of the positive/negative view buttons. It'll help you see a poorly scanned document when you select the negative button (page turns black, text turns white.) Also on each document you load check to see if the "next page" button is highlighted. Many of the tiff files have more than one page.
Now, on to the interesting stuff.
When you type in “burgess” you should see three items listed as “Burgess Daniel” out of a long list. (Scroll down to find them) NOTE: You can also type in Skiershop for more listings.
If you've selected the document where it says:
Debtor Full Name AUDRA ALLEN Mailing Address 275 WTOWE HOLLOW RD Full Address STOWE VT05672 Debtor Full Name DANIEL BURGESS Mailing Address 275 STOWE HOLLOW RD Full Address STOWE VT05672 File Number 05-189733 Date Entered 07/01/2005 File Status ACTIVE Secured Party Organization Name BAYVIEW LOAN SERVICING, LLC Mailing Address 4425 PONCE DE LEON BLVD. STE 400 Full Address CORAL GABLES FL33146 Collateral 1K50URR1.TIF
you’ve selected the document that’s the subject of this message.
This particular filing MAY be the documents filed for the building purchase mentioned in the June PR,
"STOWE, Vt., Jun 24, 2005 (BUSINESS WIRE) -- Skiershop Mountain Sports announced it completed the real estate purchase of 580 Mountain Road, Stowe, VT for the purchase price of $760,000.00." If you read this entire PR you’ll see that the property was purchased as an investment property. “We are especially thrilled to have closed on this prime real estate in anticipation of great appreciation," said Skiershop President Bobbie Roehm.”
There are several items of interest related to this link. It’s a bit complicated but worth your attention:
1) The “active date” is listed as 7/1/2005...Exactly 7 days past the PR of Skiershop purchasing property for $760,000. Also in the .tiff document, note the warranty deed date listed as: 6/20/2005, four days prior to the PR. This establishes the proximity of these documents to the 6/24 PR, making it highly likely that these documents relate to this PR.
2) The real estate listed on this document is interesting. It reads exactly like you’d expect if the property were investment property, as mentioned in the PR. “….Tibbets House Condominium Apartments, 4, 5, 6, 7, 8, 9 together with the percentages ownership….” So, the purchase was Condominiums. Dan’s in the Condo business!
3) The next item: Bayview Loan Servicing. If you visit this website you'll find that Bayview Loan Servicing is a special type of service. Instead of a traditional loan to purchase the property mentioned in this document, Bayview facilitates "Seller financing." In the old days we called it a Land Contract Agreement. In essence, Bayview facilitated a loan between the seller (owner) of the property and Audra and Daniel Burgess (purchasers) of the property.
This link will tell you everything you need to know about the arrangement.
Under this arrangement, the seller wins as long as Dan makes his payments. The seller will receive all the interest and principle from Dan. If Dan defaults, the Seller can take back the property and Dan’s out the money he’s paid to date.
Based on the three judgments against Skiershop, one in 2002 ($10,985), 2004 ($3,444), 2004 ($46,000 against Skiershop and Barbara Rhome) plus unpaid taxes of $64,000, Dan’s credit may be bad enough that he does not qualify for loans from traditional sources (such as a bank) and had to turn to this method for financing.
SOME OBSERVATIONS:
1) At one time we speculated where the money for this transaction came from, collateral etc. We also speculated about the financing arrangements and what the company may have looked like (financially) in order to obtain financing for such a large loan. Based on these documents, the “loan” was not a traditional loan. We now know that Dan didn’t get a traditional loan (bank) for $760K. His down payment to the seller may have been for as little as 10, 15, 25 or $50,000 with the rest to be paid to the seller over the period laid out in the Seller Agreement.
2) Depending on the relationship to the seller, Dan may have some leeway with late payments or none at all. If the seller is friendly to Dan then late payments may be dealt with differently than if a Bank made the loan.
3) Was Dan’s financial status of such poor quality that he’s unable to obtain financing via traditional routes? i.e.: Bank?
4) If so, how does this correlate to the financing that MountainMan is hinting at coming from Daniels’ and Associates to PRRM? The collateral terms on the Sellers Agreement are quite extensive. How will this affect future financing if Skiershop were part of PRRM now? The fact that we don’t own Skiershop at this time is, perhaps, a good thing?
5) Who is the co-debtor, Audra Allen? This is a new name for me.
6) The owners (sellers) of the property are listed as Bruce D. Bell and Leslie Gauff, on the warranty deed. Anyone recognize these names?
7) If we eventually purchase Skiershop the property will be linked to PRRM via this “sellers agreement” and therefore the terms the seller enjoys for reclaiming the property, should Dan default on the Promissory Note. (Unless Dan were to qualify for traditional financing to pay off the sellers and dissolve the agreement.)
8) What is Skiershop’s role in the Condo’s? What will the income and expenses for the condo’s do to our bottom line should we close the LOI?
9) Based on the PR dated: “STOWE, Vt., Jun 29, 2005 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (OTC.PK: PRRM) announced its wholly owned subsidiary Stowe TV-10 is expanding and moving its facilities. The new offices will be located at 1799 Mountain Road in Stowe.” Based on the addresses, the condominium property does not appear to be the same property listed in the PR 6/29 PR. The addresses are different. So anyone who connected the property listed in the 6/24 and 6/29 were wrong.
10) To date, I have not discovered any documents relating to the building mentioned in the 6/29 PR.
It’s getting late. This will have to do for now.
Anyone who wants to continue please do. Extra eyes on this may offer other, better perspectives.
posted
Total Authorized Shares: 80,200,000,000 lol lol lol
lol lol lol
current shareholder count is just over 3 thousand can anything be learned from CMKX guess not!
LOL LOL
-------------------- THE DEVIL HIDES IN THE DETAILS (DD) DO YOUR DD BOOOYAH :) Posts: 345 | From: central florida | Registered: Oct 2005
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posted
hey ackcane, if there is a short-term target, does that usually mean a certain amount of time or does "short-term" vary according to who puts it up?
Posts: 725 | From: Levelland | Registered: Mar 2006
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posted
It's hard to determine a target on this beauty. Do you have any estimates on revenues? Profit margins? When was the last audit for this company? What again is the share structure and numbers?
Short term - I predict tomorrow the pps will be .0001. I will go out on a limb and say that the day after tomorrow the pps will be .0001. Beyond that it's a crap shoot, because we know how volatile this stock has been.
Posts: 486 | From: Tennessee | Registered: Jun 2005
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