posted
A little old news, but interesting that someone in the company is still hanging around. I don't know what 1B will do since Total O/S as of June 2007 was 77B. Volume up today. --------------------------------
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Summus Works, Inc.: Announces Reduction of Issued and Outstanding By One Billion Shares
DENVER, Jun 07, 2007 (M2 PRESSWIRE via COMTEX) -- Summus Works, Inc. (Pink Sheets:SMMW) announced it has reduced the total number of the Company's shares of common stock issued and outstanding by cancelling one billion shares. Summus Works, Inc. (Pink Sheets:SMMW) is a multi-media holding company with interests in outdoor sports, 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.
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.
posted
Another 1.4 Billion gone, company still alive...
Summus Works, Inc.: Company Cancels Common Stock, Reduces Issued and Outstanding Shares
Jun 21, 2007 (M2 PRESSWIRE via COMTEX News Network) -- Denver, CO. June 21, 2007. Summus Works, Inc. (Pink Sheets: SMMW) announced the Company has retired and caused the Company's transfer agent to cancel 1,400,000,000 shares of outstanding common stock. Management noted the 1,400,000,000 shares cancelled are in addition to the billion shares cancelled at the end of last month, reducing the total shares issued and outstanding by a total of 2.4 billion shares in the past month.
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.
CONTACT: Dan Burgess, Summus Works, Inc. Tel: +1 888 607 9495 e-mail: summus*summusworks.com
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posted
Reducing the O/S by a few billion won't do it. They also need a good product or revenue stream to spark interest again. I just want to sell my bag for .0001, so as long as they keep buying, they may one day get to mines.
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posted
Re-organization ?? MM's like that kind of talk, maybe get a sniff of 2 maybe if lucky a 3 this week.
Summus Works, Inc.: Comments on Recent Developments
Denver, CO., Jun 25, 2007 (M2 PRESSWIRE via COMTEX News Network) -- Summus Works, Inc. (Pink Sheets: SMMW) management issued the following comments. Management stated that in recent months, the Company has undergone reorganization to include the divestment of assets with negative cash flow in order to re-align additional human resources with more advantageous opportunities for growth. Additionally, management noted that recent cancellations of outstanding shares of common stock have been in line with its commitment to increase shareholder value. Shareholders can expect press releases pertinent to all Company developments.
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.
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posted
Yesterday's volume was the highest this year at 184.8M. If they continue the buyback, it's just a matter of time before this break away, even with no news.
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posted
What is the OS 60 BILLION???? 184 million is .003% of that ... What do they produce? Where do they get their revenue? What year/decade was the last time this saw .0002?
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huge news yesterday, more big news on the way--all that want out will soon be happy!!-------------------------------------------------------------------leave your sell at .0001---------------------------Press Release Source: Summus Works, Inc.
Summus Works, Inc. Announces LOI for Acquisition of BioPharmetics, Inc. Assets Thursday August 9, 10:09 am ET
DENVER, Colo., Aug. 9, 2007 (PRIME NEWSWIRE) -- Summus Works, Inc. (Other OTC:SMMW.PK - News) announced the Company has signed a letter of intent to acquire the total assets of BioPharmetics, Inc. (Other OTC:BPMT.PK - News). Some or all of the management of BioPharmetics, Inc. will be elected to the Board of Directors of the Company upon closing. ADVERTISEMENT
Three subsidiary divisions of BioPharmetics, Inc. provide quality durable medical equipment, diabetic supplies, and health, beauty, and anti-aging products to customer in the U.S., Canada, and over 23 countries throughout the world. The largest -- the pharmaceutical division -- distributes medical equipment and diabetes supplies, and dispenses physician-prescribed medications through its pharmacy partners. Additionally, the division works closely with a dealer network of health care companies and managed care facilities to provide superior pricing and customer support for Medicare, Medi-Cal, Medicaid and private insurance reimbursement programs.
The Biotechnology division is available for clients wanting to manufacture and test potential prescription medications and assist to facilitate the necessary FDA clinical trials in order to gain approval. The cosmetic division manages the distribution of the TOMA line of cosmetics as well as private label manufacturing for companies seeking to enter the market place with their own formulations and ideas. BioPharmetics, Inc. was founded in 2005 and is headquartered in Sun Valley, CA.
The acquisition remains subject to the execution of definitive agreements and the approval of the Company's Board of Directors. The closing date and further information will be released publicly. For more information visit http://www.biopharmetics.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: Summus Works, Inc. Dan Burgess 888-607-9495 summus*summusworks.com
-------------------------------------------------------------------------------- Source: Summus Works, Inc.
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posted
There's 11 MM on the Ask for .0001, so it will be a while before it moves to .0002. I haven't been holding this for over a year just to sell at .0001, it's time for the big payout.
When they announce the boyout date, this thing is going "To the Moon".
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posted
Why would it move with that news? BPMT has $1,000 in cash, and had to write off $5.3million in expired inventory last year.
I'm sure I'm oversimplifying this, but they had $568,000 in assets and and $378,000 in debt, or $191,000 in net assets. Half the posters here probably have more net worth than that.
Maybe SMMW will acquire me next. I bet I have better earning potential than BPMT too!
quote:Originally posted by dalton05: I thought this would move with the news.volume is not bad but could be better.
posted
Companies in debt is what make a buyout a good deal. Usually a buyout is buying the right to the product and market that they control, so the assets don't really mean that much. In some cases the less assets the better because they may already have simular equipment and personnel.
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![[Roll Eyes]](rolleyes.gif)
Another 1.4 Billion gone, company still alive...![[Big Grin]](biggrin.gif)
Re-organization ?? MM's like that kind of talk, maybe get a sniff of 2 maybe if lucky a 3 this week.
