Summus Works, Inc. Seeks Dual Quotation Monday April 24, 1:20 pm ET
DENVER--(BUSINESS WIRE)--April 24, 2006--Summus Works, Inc. (Pink Sheets:SMMW - News) announced it will request to have the Company listed on the OTC Bulletin Board, and/or the OTCQX "PrimeQX," Pinksheets' recently unveiled new quotation, listing and disclosure service. The OTCQX "gives strong public companies a vehicle to provide ongoing disclosure and help serious issuers stand out from the almost 5,000 OTC securities electronically traded on the Pink Sheets" according to www.otcqx.com. ADVERTISEMENT
Summus Works, Inc. (Pink Sheets:SMMW - News) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.summusworks.com.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
still, should be good, more prestige...
OTCBB is better, due to reporting requirements; but if the new pink idea works, that will help, too
posted
I hate to think about reverse split I'd much rather see a buy back I don't think that'll happen though. This company seems to have a lot of things going for it right now except is o/s. If they do a reverse that just might help to get people to start buying it
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
.0002 haven't seen that in a while. Maybe all the PR is paying off
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
wow, lets hope this thing keeps going. i dont know about you guys but i have been holding quite a while
Posts: 725 | From: Levelland | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
they way you could hurt a .0001 stock is if they do a reverse split get the pps up and then it drops back down to .0001. Not like that would probably do to much damage to everyone anyway.
quote:Originally posted by RyanPBF: they way you could hurt a .0001 stock is if they do a reverse split get the pps up and then it drops back down to .0001. Not like that would probably do to much damage to everyone anyway.
true but by that time we would have made some money and gotten out or been riding free shares
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
that would be a shock to the system but might take a while back to .0001
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
What the difference it gives you more space to bash
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Summus Works, Inc. Statement on Audit, Dual Quotation, $1.27 Million Winter Sports Revenues and Confirmation of No Reverse Split via COMTEX
April 27, 2006
DENVER, Apr 27, 2006 (BUSINESS WIRE) --
Following statements earlier this week, Summus Works, Inc. (Pink Sheets: SMMW) management reiterated that a reverse split is not in the Company's plan. Management had announced that it ordered an audit of the Company's financials, and will request to have the Company listed on the OTC Bulletin Board, and/or the OTCQX "PrimeQX," Pinksheets' recently unveiled new quotation, listing and disclosure service that "help(s) serious issuers stand out from the almost 5,000 OTC securities electronically traded on the Pink Sheets," according to www.otcqx.com. The audit is integral to the application process, Company transparency, and ultimately visibility as the company moves up to become fully reporting. Accordingly, the Company announced yesterday that its winter sports wholesale division alone reported revenues of $1,276,390.00 for the year ending December 31, 2005, and management stressed the Company's intention to increase disclosure.
Summus Works, Inc. (Pink Sheets: SMMW) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.summusworks.com.
his release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
SOURCE: Summus Works, Inc.
Summus Works, Inc. Dan Burgess, 888-607-9495 summus*summusworks.com www.summusworks.com
Copyright Business Wire 2006
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Originally posted by RyanPBF: I think the biggest reason this hasn't gone above .0002 and rarely to .0002 is the O/S does anyone actually know isn't it like 50billion. I think with recent pr's and a managable o/s situation this thing probably would be running right now. In my opinion they have to address the O/S big time. JMHO --------------------------------------------------------------------------------
Here's some facts about the share structure. Dan has been dumping more shares into all the P/R's since the name change. IMHO this will R/S regardless of what the company puts in a P/R. Remember the P/R they put out about share reduction? Was it a lie? You decide.
By: clockwatcher10 25 Apr 2006, 12:56 PM EDT Msg. 70399 of 70698 Jump to msg. # New TA figures. Another Increase in the OS again.
SUMMARY OF CHANGES since my last report:
Increase in the tradable by another 1 billion No changes to the restriced New Total OS: 71,241,572,943
We have now exceeded our total OS prior to the PR'd buy back of 3 billion shares. The increase in the total OS since November 2005 is 940 million shares.
You guys can use the totals I just received from the TA with the totals I put in my last message (below) to come up with your own conclusions.
New Tradable: 41,507,805,817 New Restricted: 29,733,767,126 Total: 71,241,572,943
If Dan keeps dumping into these PR's you'll never have a chance at a PPS run.
========================================== My previous TA update cut and pasted below:
For those who like to keep track. Since 3/2/06 the tradable has gone up by another 2 billion, the restricted stayed the same (almost, more on that later) and the OS is now within 940 million shares of what it was before the PR’s of reducing the OS. If this was posted before, I apologize. If it hasn’t been posted yet then shame on Illuminati, MountainMan and Gorb for being less than truthful.
All that nonsense about reducing the OS was clearly just that, nonsense. The PR’s of reducing the OS were to help move shares. The numbers don’t lie.
Dan is using shares to keep SMMW a going concern. The latest increase in the tradable portion of the OS, without a matching decrease in the restricted is pure dilution. New shares were definitely added into the OS.
Here’s the numbers, lets start at the beginning:
The first set of numbers I have go back to 11/1/2005: 11/1/2005 Tradable: 33,797,804,897 Restricted: 37,383,768,046 Total: 71,181,572,943
The second to last date I have is from: 3/2/2006 Tradable: 38,507,804,897 Restricted: 29,733,768,046 Total: 68,241,572,943
That was the last registered change to the OS totals that I know of. Now for the most recent figures: 4/14/2006 Tradable: 40,507,805,817 Restricted: 29,733,767,126 Total: 70,241,572,943
SUMMARY:
Changes to the OS since 3/2/06:
Tradable: Increased by: 2,000,000,920 Restricted: Decreased by: 920. (Note: Most likely an adjustment will be made.) Total OS: Increased by 2,000,000,000
The 3 billion decrease to the overall OS has now been reduced to a 1 billion decrease in the overall OS. All that talk from MountainMan, about Dan being frugal, is nonsense. Dan has no other option than to be frugal, correct MountainMan? Revenues must not exceed expenses at SMMW so Dan needs to go to the OS cookie jar to meet his needs? Note, the most recent 2 billion increase to the tradable has no matching decrease in the restricted. That means new shares were added. Pure dilution.
Now lets finish up by totaling what has changed since 11/1/2005:
Tradable: Increased by 6,710,000,920 Restricted: Decreased by 7,650,000,920 Overall Total OS: Decreased by 940,000,000 Million
Yes, that’s correct. We are less than 1 billion away from our 71 billion we started with in November. Dan has almost nullified the decrease to the OVERALL OS he did in the first quarter of this year.
In addition, SMMW is now 9.758 billion shares away from maxing out the 80 billion AS. Failing some massive influx of cash, Dan now has limited options for moving forward:
Increase the AS and continue to cash in shares RS and start over The business must start generating revenues to offset expenses
Which seems the more likely scenario? I have my theory….How about you? -------------------------------------------------------------------------------- Posts: 35 | From: fla | Registered: Feb 2006 | IP: Logged |
Member Rated: posted April 27, 2006 10:31 -------------------------------------------------------------------------------- Also, it is almost a certainty that all the volume of the last few days is not reflected in these numbers.
The educated guess would be that the T/A numbers will show another substantial rise in the very near future. -------------------------------------------------------------------------------- Posts: 35 | From: fla | Registered: Feb 2006 | IP: Logged |
prrm-facts Member
Member Rated: posted April 27, 2006 10:34 --------------------------------------------------------------------------------
quote: -------------------------------------------------------------------------------- Originally posted by buzzygresham: Where's eddy. the thing starts moving and he isnt here. come back buddy --------------------------------------------------------------------------------
Eddy may have wised up and got out of this stock. He is also MIA on the other board he was pumping. Hopefully all else is well with Eddy.
Posts: 152 | From: fla | Registered: Feb 2006
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posted
Thanks for the info I understand the negatives this is a long-term hold for me. I'm making plenty of money with other subpennies that the possible reward far outweighs the risk on this
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
does anybody know if the pps is really .0001 still or has it gone lower.
I have two etrade accounts, 1 had only 9 million shares. Eturd sold them on me for not showing any acctivity in that account for 4 months. The fu#*#s sold it on me for .00002/share.
Thats why I'm wondering if pps is lower than .0001..... as of today/now thanks
-------------------- "We're just all victims of soicumstance." The 3 Stooges Posts: 346 | From: Indiana | Registered: Nov 2004
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