posted
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.
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.
Posts: 1637 | Registered: Apr 2004
| IP: Logged |
posted
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!!!!!!!
-------------------- Hammer down hillbilly millionare Posts: 16 | Registered: Mar 2006
| IP: Logged |
quote:Originally posted by Bigrod40: [QB] 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.
Posts: 152 | From: fla | Registered: Feb 2006
| IP: Logged |
quote:Originally posted by Bigrod40: [QB] 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.
Sounds like PRRM-Facts sold at .0001 to get his money back, and now knows he will be missing the boat.
Posts: 1637 | Registered: Apr 2004
| IP: Logged |
posted
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.
posted
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.
Posts: 330 | Registered: Feb 2005
| IP: Logged |
posted
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.
Posts: 176 | Registered: Mar 2006
| IP: Logged |
posted
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.
-------------------- I'd just like to retire at 26. Posts: 113 | From: cleveland, oh | Registered: May 2006
| IP: Logged |
posted
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
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
| IP: Logged |
posted
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"
Posts: 152 | From: fla | Registered: Feb 2006
| IP: Logged |
posted
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
* 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
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
| IP: Logged |
-------------------- You are what you do, not what you say! Posts: 473 | From: Where ever the next train takes me! | Registered: Apr 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
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.![[Wink]](wink.gif)
![[Smile]](smile.gif)
![[Cool]](cool.gif)
Peopls cancelling sell orders on the other sites.![[Razz]](tongue.gif)
![[Eek!]](eek.gif)
