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Author Topic: SMMW...20% BUYBACK
Bigrod40
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[Big Grin] Figure its time to start a new thread with the news released this morning. Possible run on the horizon with this. Especially if the rumour of 65% to 70% insider holdings are true.

Here is todays PR. [Wink] [Wink]

Summus Works Announces Special Board Meeting to Discuss Buyback of 20% of Issued and Outstanding Common Stock
8/7/2006

DENVER, CO, Aug 07, 2006 (MARKET WIRE via COMTEX News Network) --
Summus Works, Inc. (PINKSHEETS: SMMW) announced the Board of Directors will convene a special meeting to discuss a VVV proposal to buy back 20% of the Company's issued and outstanding common stock.

Management reemphasized its unwavering commitment to its VVV initiative to enhance shareholder value and affect the increase in the price per share necessary to facilitate pending and future mergers and acquisitions.

"While we are encouraged by marked progress on all business fronts and the Company's ever-increasing visibility, it remains our firm belief that SMMW's current share price doesn't adequately reflect the value and long term prospects of the company's businesses," said Summus Works President Dan Burgess.

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Hotrod hillbilly
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weeeeeeeeee

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Hammer down hillbilly millionare

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Hotrod hillbilly
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this stock will make many of us alot of money in the short term. and many of us longs are happy to see the train pullin into the station. all aboard!!!!!!!

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Hammer down hillbilly millionare

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Chart walker
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Me like-e!!!!! [Smile]

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The "BIG PICTURE" http://www.businessjive.com/nss/darkside.html

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Hotrod hillbilly
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20% is me big number. him news make me happy.me needem jane to tellem what it means for me

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Hammer down hillbilly millionare

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Bigrod40
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[Cool] Peopls cancelling sell orders on the other sites.

Midday PR on Revenues would really put a nail in some shorters coffin [Razz] [Razz]

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Bigrod40
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quote:
Originally posted by Bigrod40:
[Cool] People cancelling sell orders on the other sites.

Midday PR on Revenues would really put a nail in some shorters coffin [Razz] [Razz]


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banah18
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GREAT NEWS!
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android_xxx
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hope to see nice move after great news
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playtime
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quote:
Originally posted by Bigrod40:
[QB] [Big Grin] Figure its time to start a new thread /QB]

Of course. all the real and factual info on Summus is on the previous threads. I can see why you would want to hide it.
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Bigrod40
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quote:
Originally posted by prrm-facts:
quote:
Originally posted by Bigrod40:
[QB] [Big Grin] Figure its time to start a new thread /QB]

Of course. all the real and factual info on Summus is on the previous threads. I can see why you would want to hide it.
[Razz] Sounds like PRRM-Facts sold at .0001 to get his money back, and now knows he will be missing the boat.
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Schwabie
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hmm, sounds good. riding 2 million free shares...

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All I say is IMHO.

I like these calm little moments before the storm... Reminds me of Bethoven

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Beckstercj
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prrm-facts is nothing but a basher!
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Joel T
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This really could be a turning point. It has been a piece of crap for awhile now, but it's definately being doing better lately.That's why so many people dogs this stock. I gonna keep it on my radar.

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Lottie Dottie

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fishfarmer
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ETRD is all over this som-b [Big Grin]

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Buy when blood runs in the streets

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Pincher47
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Bought this stock back when it was PRRM, don’t ask me why but I did. Is this stock going to go or is another triangle multimedia?

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It will feel better when it stops hurting.

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RockLobster
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Summus Works, Inc. Announces Launch of Jackson Hole, WY TV Station
Tuesday August 8, 8:48 am ET


DENVER, CO--(MARKET WIRE)--Aug 8, 2006 -- Summus Works, Inc. (Other OTC:SMMW.PK - News) announced the Company's broadcast media division will launch its newest cable broadcast affiliate station Jackson Hole TV-66 in late September, 2006 under an agreement with cable provider Bresnan Communications.
ADVERTISEMENT


Management also noted that division-wide systems integration including recently announced technology and network developments have positioned the broadcast media wing for strategic and explosive growth throughout other destination locations targeted by the Company through ongoing market analysis.

Jackson Hole has long been a high profile travel destination; legendary for its skiing, Jackson Hole Resort boasts the most vertical rise in the lower 48 states (4,139 feet), but with no income tax, the real estate market of Wyoming's Teton County -- and most notably Jackson Hole -- has experienced a huge surge since the nineties. Picked the "best state to establish residency" for seven years by Bloomberg's Wealth Manager, Teton County has ranked first or second among the nation's 3,140 counties in adjusted household income since 1999, according to the Internal Revenue Service. The county also ranks #1 in the U.S. regarding indicators of the dependence of the economy on construction. In 2004, real estate transactions topped a record $900 million compared to $700 million in 2000.

Summus Works, Inc. (Other OTC:SMMW.PK - 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.

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fishfarmer
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The plot thickens hhmmmm. [Big Grin]

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Buy when blood runs in the streets

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CTMum
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Has anyone tried to sell it at .0002? If so how long did it take? I have a very small amount that I am in long for, but I am always curious when I see a stock linger like this are people really able to sell it.
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ClayN
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I am sure you mean more recent but I was able to sell at .0002 on 7/25 in a matter of hours.
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Beckstercj
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Why do you all think this thing is standing still today?
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Absolut_Swing
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I like the sound of this buyback. I'm going to see if I can buy 10 million tomorrow at .0001

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Paranoia, fear and greed is good.

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chevon2020
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I still would think that, even with the 20% buyback, the float will be too large. It will still be about 48 billion shares. Someone correct me if I'm wrong. So I doubt it will move the price that much.

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I'd just like to retire at 26.

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CashCowMoo
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what good is retiring shares if you do not decrease A/S???? who is to say they wont re-issue the shares once they buy them back

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It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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playtime
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Do you guy's know this? Did Dan run a false P/R on the new TA?
I case you need to be caught up, Signature was the supposed old TA.
BTW, they always provided the TA numbers, now they won't.

Posted by: ######
In reply to: None Date:8/8/2006 1:55:01 PM
Post #of 22273

Something fishy going on with T/A. Signature tells ### they know nothing about change.


Posted by: ####### In reply to: ##### who wrote msg# 22119 Date:8/8/2006 3:04:17 PM
Post #of 22269

Well #####,
I just got off the phone with Signiture. I asked what procedures do I need to go thru to get the T/A numbers e-mailed to me and they said they are not at liberty to give out that information, and if I want it I must call and get it from the company. "quote unquote"

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Absolut_Swing
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C'mon baby, fly! Fly like the WIND!

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Paranoia, fear and greed is good.

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J_U_ICE
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Summus Works, Inc. (SMMW) SqueezeTrigger Price Is $0.00016; Approximately 4.1 Billion Shares Shorted Since January 2005 According to ********** Research Report
Thursday August 10, 9:13 am ET


DENVER, CO--(MARKET WIRE)--Aug 10, 2006 -- www.********** is reiterating coverage of Summus Works, Inc. (Other OTC:SMMW.PK - News) after releasing the latest short sale data to August 2006. From January 2005 to August 2006 approximately 53.9 billion total aggregate shares of SMMW have traded for a total dollar value of nearly $8.6 million. The total aggregate number of shares shorted in this time period is approximately 4.1 billion shares. According to July 10th Total Short Interest, there are 49.82 million shares that have been shorted, but not yet covered. Because brokerage firms are only required to disclose what they are short on one day of the month, the average amount of Total Short Volume in stocks is approximately 20 times (20 trading days vs. 1 trading day) the disclosed Total Short Interest figure. In some cases, ********** has seen Total Short Volume higher by as much as 100 times the disclosed increase in Total Short Interest for that given month. The SMMW SqueezeTrigger price of $0.00016 is the volume weighted average short price of all short selling in SMMW. A short squeeze began when shares of SMMW closed above $0.00016.
Month Total Vol. Short Vol. Avg. Price Short $ Value

May 8,349,482,276 642,910,135 $0.00014 $90,007
June 14,705,165,422 1,132,297,737 $0.00014 $158,522
July 7,703,771,604 593,190,414 $0.00016 $94,064
August 1,720,459,400 132,475,374 $0.00020 $26,495

Total: 53,862,560,558 4,147,417,163 $0.00016 $661,639

* short volume is approximated using a proprietary algorithm.
** average short price is calculated using a volume weighted average short
price.
*** short volume is the total short trade volume and does not account for
covers.
About Summus Works, Inc.

Summus Works, Inc. (Other OTC:SMMW.PK - 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.

About **********

WWW.********** is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. All material herein was prepared by **********, based upon information believed to be reliable. The information contained herein is not guaranteed by ********** to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. Summus Works, Inc. has paid $2,985.00 to purchase data for information provided in this report.

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.


Contact:
Contact:
Investor Relations Contact:
SmallCapVoice.com
Stuart T. Smith
512-267-2430
Email Contact

Company Contact:
Summus Works, Inc.
Dan Burgess
888-607-9495
Email Contact

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The difference between genius and stupidity is that genius has its limits

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Vagabond
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[Eek!]

[Cool] Vagabond

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You are what you do, not what you say!

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banah18
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WHATS HAPPPENING
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bksundar
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Going the QBID way or what ..... Hope not...
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fishfarmer
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That may be the biggest trade I've ever seen. 239 million shares. WOW

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Buy when blood runs in the streets

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vinnie1
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SOMETHING GOING ON BOUGHT ME SOME.
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vinnie1
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3 billion shares
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RockLobster
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In case anyone is wondering, the drop was in relation to the recen interview with SCV.


http://www.smallcapvoice.com/smmw/q-a-2.html

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Schwabie
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Is the rumor true that the OS is now at 72 billion ? Yes, approximately.

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All I say is IMHO.

I like these calm little moments before the storm... Reminds me of Bethoven

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