posted
SMMW has been sitting at the bottom for quite a while now. They ordered the NOBO on Oct. 13. Should be hearing something soon from it. They have had a couple of PRs, but no movement, little volume. I bet some of you out there still hold this one.
Summus Works, Inc. Investor Questions Answered at SmallCapVoice.com
AUSTIN, TX -- (MARKET WIRE) -- October 30, 2006 -- SmallCapVoice.com (SCV) today announced that answers have been posted to the questions submitted to SCV by the Summus Works (PINKSHEETS: SMMW) shareholders. You may view the Q&A report at http://www.smallcapvoice.com/smmw/q-a-3.html.
Shareholders and interested parties are also encouraged to send in additional questions for future posting and/or audio interviews with Stuart Smith and Summus Works President Dan Burgess. All inquiries and comments should be sent to info*smallcapvoice.com.
Summus Works, Inc. (PINKSHEETS: 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.
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: Investor Relations Stuart T. Smith SmallCapVoice.com 512-267-2430 E-mail: Email Contact www.summusworks.com
Who won the contest on the name change game? An objecting beneficial owner who expressed disinterest in being publicized.
When should we expect to see an update on your current buyback? The buyback continues as planned, and any increases will be released publicly.
What is the status of the DVD that is going to be shipped to shareholders? When should we EXPECT them to be IN HAND to the shareholders? DVD ships this week (10/30). “In hand” date will depend on individual addresses.
When will the divvy be distributed? Also what are the restrictions on it? Dividend pay date is November 20, 2006. Shareholders receive the restricted 144 shares owned by the Company, pro rata.
What is the status of the $2.5 LOI, that you announced? $2.5 M. discussions still on the table, pending due diligence and provision of completed financials from target company. We will PR any updates on this and other pending M&A activities.
When will the SkierShop LOI close? Skiershop LOI still active and pending. At this time, choosing a closing date would be premature.
Update us on the Audit? The audit is a work in progress and we apologize about the delay.
Update please on the NOBO list? New NOBO information that will be publicly released (not including any personal information) will be that current as of the upcoming dividend record date.
How short are we now? We can only speculate as to the quantity of short sales.
What is ********** saying about the short? ********** opines that we may be significantly short.
Back in July 2006…HOW MUCH did the company buy of SMMW? The buyback continues as planned, and any increases will be released publicly. We released multiple PR’s regarding the retirement of shares.
What is the current Insider Ownership, back a few months ago it was 56% per an interview? Insider ownership is approximately 60%.
How much longer with SmallCapVoice be our IR Firm? Small Cap Voice has been retained for another six months.
With only FOUR MM on the ASK, when should we expect some kind of news to lower that number? Regarding news, we publicly announce every significant event via press releases, and we hope that shareholders appreciate this.
When should we expect a tender offer to be announced? A tender offer has been considered, and any decision regarding one will be released publicly.
What is the status of the Magic Snowman film? That was PR’ed back in 2004, with NO updates! Magic Snowman’s executive producer experienced delays securing the final budget for the film.
When do you see this o/s going DOWN to 60b as mentioned in the audio interview? It is our plan to reduce the I/O to below 60 B; we will announce publicly every cancellation.
When will the next audio interview be? You have gone quiet after the last few! We do not have a specific date for the next audio interview with Stuart.
Scott Trade not allowing buys only sells. We are looking into the issue with Scottrade. As soon as we learn something from them we will make our shareholders aware of it.
posted
held this for to long had to get out in sept at .0001 Im not sure a stick of dynamite would move this
Posts: 352 | Registered: Oct 2006
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posted
SMMW was a good clean shell when Dan bought it I and I believe it still is. SMMW IS GENERATING REVENUE! And that's a helluva lot more than you can say for most .0001's out there at present. According to www.buyins.n_t, the squeeze trigger price on SMMW was around .00016 for the MM's. My guess is they're holding it down to shake out the shorts as they have an aggressive plan in place against naked short selling. This is a good crew with some very good people behind the scenes. That makes it a lucrative target for a possible R/M if they can hook up with likely candidate. I bought 3 mil. shares of this at .0001 ($300) back in the spring of the year and still hold. I'm dreaming of the day it R/M and pulls an LFZA! C'mon Dan! - find a private outfit looking to R/M!...
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
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posted
i'll be more than happy to get out of this biggest POS play ever at .0002 what an f'n joke... i buy in at .0001 and can't even sell to get out. even the idea of the squeeze trigger being at .00016 with not a single MM on the bid says this is the biggest pos out there. i don't care what happens, just get me out of this b!tch. this play is a stage-five clinger (a la 'wedding crashers')
-------------------- Cashing checks in two forms: Money and Reality
GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
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quote:Originally posted by The Phat Man: i'll be more than happy to get out of this biggest POS play ever at .0002 what an f'n joke... i buy in at .0001 and can't even sell to get out. even the idea of the squeeze trigger being at .00016 with not a single MM on the bid says this is the biggest pos out there. i don't care what happens, just get me out of this b!tch. this play is a stage-five clinger (a la 'wedding crashers')
took me over 2 weeks to sell at .0001 just to get out
Posts: 352 | Registered: Oct 2006
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posted
for those who think this is going to move i suggest looking at how many shares are floating around. i mean...buyback or not...anything in the high billions is dangerous. over 50 billion is just insane
-------------------- 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
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posted
wonder how much we owe?----------By: clockwatcher10 14 Nov 2006, 09:14 PM EST Msg. 15739 of 15762 Jump to msg. # Case closed between Dan and the State of Vermont. Dan lost. Whatever the amount due, Dan's gotta pay up.
Court record: 30270 Superior Court County of Lamoille Docket No. 133-6-06 Lecv Vermont Department of Taxes vs. Burgess Case Type: Last judge: Dennis R. Pearson Case Track: Not set Recused: None Case Status: Disposed Court/Jury: Court trial Next Hearing: ================================================================================ PARTIES No. Role Litigant Name Attorney Name Telephone -------------------------------------------------------------------------------- p# 1 plf Vermont Department of Taxes Collins, Timothy 828-3324 p# 2 def Burgess, Daniel =============================================================================== DISPUTES DsptCase Name Disputants Dispo Date -------------------------------------------------------------------------------- 1 cmpl Collection:Pers.Income p#1 v p#2 default11/13/06 ================================================================================ MOTIONS/PETITIONS/REQUESTS FOR RELIEF No. Type Status Judge Date ------------------------------------------------------------------------------- 1 M/for Enlargement of Time for Service granted DRP 08/22/06 2 M/for Enlargement of Time to Serve moot CLERK 10/02/06 3 M/for Entry of Default granted DRP 11/13/06 4 M/for Default Judgment granted DRP 11/13/06 ================================================================================ 06/29/06 885085 - partyadd Vermont Department of Taxes, Plaintiff. 885086 - couappr Appearance entered by Timothy Collins on behalf of Plaintiff Vermont Department of Taxes. 885087 - partyadd Daniel Burgess, Defendant. 885088 - cvfile - status set to asd Collection:Pers.Income case filed by Plaintiff Vermont Department of Taxes against Defendant Daniel Burgess.
07/05/06 885089 - letsent Letter Advising of Docket Number Assig. letter sent to Plaintiff Vermont Department of Taxes. 08/14/06 895517 - mprfile MPR 1) Motion for Enlargement of Time for Service filed by Plaintiff Vermont Department of Taxes. Motion for Enlargement of Time for Service given to judge.
08/22/06 896867 - mpreo Entry order re MPR 1) Motion for Enlargement of Time for Service. M/Reaction Form. granted by DRP. Compliance by
9/30/06.
896868 - letsent Enclosure of Order letter sent to Plaintiff Vermont Department of Taxes. 09/28/06 908521 - mprfile MPR 2) Motion for Enlargement of Time to Serve filed by Plaintiff Vermont Department of Taxes. Motion for Enlargement of Time to Serve given to judge.
10/02/06 907463 - document 2 documents filed by Attorney Timothy Collins for party 1: SIGNED Summons: 9/25/06; LCSD Invoice $58.87. Service complete on party(s) 2: personal service. Documents served: S&C. 908523 - mprstat MPR 2 status changed to moot.
10/19/06 915356 - mprfile MPR 3) Motion for Entry of Default filed by Plaintiff Vermont Department of Taxes. Motion for Entry of Default given to judge.Documents filed: Affid of Timothy Collins. 915357 - mprfile MPR 4) Motion for Default Judgment filed by Plaintiff Vermont Department of Taxes. Motion for Default Judgment given to judge.Documents filed: Affidavit of PHilip Goldwyn; 2nd Affid of PHilip Goldwyn; DoD Certificate; Prop JO.
11/13/06 916742 - mpreo Entry order re MPR's 3-4: 3) Motion for Entry of Default; 4) Motion for Default Judgment. M/Reaction Form. granted by DRP. 916744 - entorder Entry Order by Judge Dennis R. Pearson: JUDGMENT ENTERED FOR PLAINTIFF. 916745 - letsent Enclosure of Order letter sent to Plaintiff Vermont Department of Taxes. 916746 - cvdisp - status set to dis Dispute 1 disposed: Default Judgment. 916747 - close Case closed. ------------------------------------------------------------------------------ Vermont Department of Taxes. Motion for Default Judgment given to judge.Documents filed: Affidavit of PHilip Goldwyn; 2nd Affid of PHilip Goldwyn; DoD Certificate; Prop JO.
11/13/06 916742 - mpreo Entry order re MPR's 3-4: 3) Motion for Entry of Default; 4) Motion for Default Judgment. M/Reaction Form. granted by DRP. 916744 - entorder Entry Order by Judge Dennis R. Pearson: JUDGMENT ENTERED FOR PLAINTIFF. 916745 - letsent Enclosure of Order letter sent to Plaintiff Vermont Department of Taxes. 916746 - cvdisp - status set to dis Dispute 1 dispos - - - - -
Posts: 3056 | Registered: Feb 2005
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posted
my shares are for sale after 28 months holding through all the empty promises. hope volume comes back and lets me out at .0001-G/L all that are holding.
Posts: 3056 | Registered: Feb 2005
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COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Summus Works: High Angle Media Announces 4th Annual Stowe Mountain Film Festival
STOWE, VT., Nov 16, 2006 (M2 PRESSWIRE via COMTEX) -- Summus Works, Inc. (Pink Sheets: SMMW) subsidiary High Angle Media announced the fourth annual Stowe Mountain Film Festival will commence November 25, 2006 with multiple weekly events running through the month of December. In association with the Vermont Ski Museum, the film festival celebrates the history, present and future of mountain sports and culture through the films that best capture their essence. In addition to the latest features from Matchstick Films, Meathead Films and Backcountry TV, the fourth annual festival will also feature awards for emerging film makers. Information on all events, film entries and sponsorship opportunities will soon be available at www.stowefilmfest.com.
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.
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.
SOURCE: Summus Works, Inc.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
-0-
Search for Dun & Bradstreet reports on this company.
Posts: 3056 | Registered: Feb 2005
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There once was a CEO who was bored as he sat on the hillside watching the stagnate PPS. To amuse himself he took a great breath and sang out, "Shorts Shorts! The Shorts are chasing the PPS. down!!
The shareholders came running up the hill to help the CEO drive the Shorts away. But when they arrived at the top of the hill, they found no Shorts. The CEO laughed at the sight of the shareholders angry faces.
"Don't cry 'Shorts', CEO," said the Shareholders, "when there's no Shorts!" They went grumbling back down the hill.
Later, the CEO sang out again, "Shorts, Shorts! The Shorts are chasing the PPS. down!" To his naughty delight, he watched the shareholders run up the hill to help him drive the shorts away.
When the shareholders saw no shorts they sternly said, "Save your frightened song for when there is really some shorting! Don't cry 'Shorts' when there is NO Shorts!"
But the CEO just grinned and watched them go grumbling down the hill once more.
Later, he saw a REAL Shorts, shorting his stock. Alarmed, he leaped to his feet and sang out as loudly as he could, "Shorts! Shorts!"
But the shareholders thought he was trying to fool them again, and so they didn't come.
At sunset, everyone wondered why the CEO hadn't returned to the village with their higher PPS. They went up the hill to find the CEO. They found him weeping.
"There really was really shorts here! The shareholders have scattered! I cried out, "Shorts!" Why didn't the shareholders believe me?"
An old CEO tried to comfort the younger CEO as they walked back to the village.
"We'll help you look for the angry shareholders in the morning," he said, putting his arm around the youth, "Nobody believes a liar...even when he is telling the truth!"
Posts: 3056 | Registered: Feb 2005
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posted
Summus Works, Inc. Announces Executed Letter of Intent to Acquire Salt Lake City-Based Telecommunications Company Matrix Management, Inc. Friday December 1, 6:30 am ET
Acquisition Expected to Add More Than $6 Million in Annual Revenue
SALT LAKE CITY, UT--(MARKET WIRE)--Dec 1, 2006 -- Summus Works, Inc. (Other OTC:SMMW.PK - News) announced it has executed a Letter of Intent to acquire the Salt Lake City-based telecommunications company Matrix Management, Inc., owner and operator of Network Management Incorporated (NMI) and Matrix Telecom. The acquisition will expand and diversify Summus' interests into the $2.7 trillion global telecommunications industry. The acquisition is expected to add more than $6 million in annual revenue. NMI is a full-service telecommunications company that specializes in retail and enterprise telecom products and services including domestic and international long distance services, voice over internet protocol (VOIP), pre-paid phone cards, pre-paid wireless, wholesale long distance, residential home services, point of sale activation (POSA), prepaid Visa debit cards, toll free numbers and switch leasing.
Matrix corporate headquarters is a high-tech 60,000 sq. ft. facility located in Salt Lake City, Utah with additional sales and network offices in Los Angeles, California and Miami, Florida. Matrix also manages an OC-48 network employing NACT switching, with a least cost routing (LCR) network and VOIP technology. It houses its switching equipment in the Quinby Building in Los Angeles. For more information, visit www.nmitel.com or call 801-990-0327.
Dr. Alex Parsinia, Matrix co-founder, President & CEO, has an extensive background in senior level management, mergers and acquisitions and more than fifteen years of executive experience in the telecommunications industry.
Management stated that it expects to close the acquisition within the next twenty-one days.
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.
Contact: Company Contact: Summus Works, Inc. Dan Burgess 888-607-9495 Email Contact http://www.summusworks.com
posted
Think about this-Even if Dan gave 20 billion restricted for this new company, that is just 2 million dollars. And you know that a 6 million revenue company cannot be bought for 2 million-so Dan has to have big backing or they put up some big assets to buy the 6 million company-thoughts?
Posts: 3056 | Registered: Feb 2005
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quote:Originally posted by kermit42: No way he bought it with shares--SMMW shares are worthless right now. Some other form of financing.
I agree, either they have bank financing-or they put out press a couple months back-that the board was going to put up their personal assets up for collateral.
Posts: 3056 | Registered: Feb 2005
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posted
I think either of your ideas would be positive.
A bank wants evidence of ability to repay--profits, cash flow--and the board wouldn't put in their own money unless they thought they would get more back.
-------------------- Me Trade Pretty One Day. Posts: 815 | From: NYC | Registered: May 2006
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posted
It's just an LOI. How many of these LOI's have turned into an executed contract?
Posts: 486 | From: Tennessee | Registered: Jun 2005
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posted
I think it might take a little more than a few sticks of dynamite to get this thing going up...
Posts: 741 | From: North Carolina | Registered: Feb 2006
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posted
Stuart is trying to get Dan to do an audio on the press so he can say for sure about the closing
Posts: 3056 | Registered: Feb 2005
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posted
Dan has vowed not to reverse split (very rare for a .0001 or .0002). We'll see if he holds to that promise. He now has the dream team from PAIM on board. They DO have revenue and also dealing with the naked short selling issue. This was a clean shell when Dan bought it. A R/M would send this to the moon. It's a lotto ticket but so is everything else in sub-penny land. I picked up 3 mil. shares at .0001 awhile back. If she tanks I'm out beer, gas, and blow money for the week (a small pittance). If it becomes the next LFZA I can retire in style to my own villa in the Carribean.
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
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posted
RJ. called me, excited! The pre-paid credit card he got for his wedding gift was from the exact same company that SMMW had an LOI with Friday!!
Posts: 3056 | Registered: Feb 2005
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"By: humester 01 Dec 2006, 04:58 PM EST Msg. 16246 of 16288 Jump to msg. # I just called Matrix Management (the contact number on the NMI website as per the PR). After i went through the receptionist, i spoke to Alex the CEO and confirmed with him that they are being acquired by Summus Works and there is a letter of intent. I asked him if they were a profitable company and verified the length of existence of the company and all were favorable answers. Anyway, it looks like this is a very positive sign. I am not a Pumper or anything like that and i hardly ever post on the board ( i do read though), but if this is the kind of agreement between Summus and Matrix that i think it could be, then we should be very happy in the near future."
Posts: 3056 | Registered: Feb 2005
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posted
6 million plus this 2.5 million- http://www.sys-con.com/read/250744.htm plus a couple million when we close Skiershop, highangle,Northeast magazine,Lisker,Stockli, who knows what else Dan has up his sleave-
Posts: 3056 | Registered: Feb 2005
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