posted
Dan was the only one that gave this POS any hope. Without him at the helm all this will do is R/S and leave a bunch of bagholders in the bathroom. That said, be sure you flush....SMMW needs the water....lol
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Posted by: RJ Trotts In reply to: illuminati2012 who wrote msg# 64518 Date:9/16/2007 6:44:51 PM Post #of 64551
Alright lets talk! This is NOT directed at anyone, or anything like that.
Now, we KNOW how Dan and Ian own the Majority Interest of SYNS. They have changed their name recently, and ticker symbol in the near future. Per some PRs.
Now we are expecting the SAME thing with SMMW. The same deal will happen here with Summus. New name, and new ticker IMO are coming. But the kicker is Dan and Ian still own shares. That is great for us investors. They have turned over SMMW and SYNS to folks that specalize in their respected areas. Dan and Ian can be viewed as Smart Investors. And just sit back and watch the PPS of both continue to grow.
SYNS, has came from .0001 up TO OVER a dime. Can SMMW do that? I have no idea, I know I will be LONG gone before that PPS IF it were ever reached. But the thing to remember NO ONE without the Majority Of Shares Interest can do a r/s OR screw the investors out of their hard earned money.
Knowing that back in June 2006, the mgmt and insiders owned 56% of the o/s. And now it is rumored after that Famous Friday, that the Insiders Control over 66%. So here is the scenerio. Through personal sacrifices, the BPMT deal came through, and the divvy shares will be RESTRICTED. Therefore they are NOT going to dump on us. And we heard of financing in the area of MILLIONS.
AKA: NOT using shares for the ENTIRE acquistion? And it is NOT rocket science. Pay Paul ENOUGH money to join the BoD, and give him the cash for acqusitions for BioPharm since we ONLY purchased the assets. And funny how Azteq was bought and closed FAST for BMPT shareholders.
IMO talking about the cash and the loans, Dan was smart enough to offer Paul ENOUGH cash to keep him happy and NO need for a r/s! Smart thinking mgmt!
We know per the t/a and the a/s, that DUMPING is NOT going to occur. We have an o/s of 74.6b and a a/s of 80b. Not enough to DUMP shares at. Also we know that in the 16b resticted shares SOME of those shares were set aside for further acqusitions. And since the Par Value is .001. Well that is what the deals were completed at.
Dan started this BUYOUT, with SMMW buying the assets of BioPharm, NOT BioPharm buying us. That is what the folks need to see. A r/s does NOT fit in this scenerio OR the SYNS deal. Dan and Ian and friends and family STILL own shares, afterall NO ONE has been able to sell shares.
Also we know that Dan has talked about the o/s going DOWN. And the a/s going DOWN. And the whole time he KNEW what was coming with the mgmt swap. This was NOT a last minute deal. Or anything like that. A year in planning folks.
Dan has promised NO r/s many times and IMO he will keep his stated word. OR he would not have continued to buy on the Open Market. He KNEW what was coming, and he sees a chance along with the patient investors to make a nice ROI here with this great stock.
I am expecting the name and ticker change. Afterall many have shared that Paul via email, that a PR is in the near future. When will it be? I have no idea, but as Ill and Gorb have said it is coming and NOTHING will stop it.
Paul Lisenby has a great track record with companies and growing its revenues. Just look at his record it speaks for itself. Knowing that, he was happy to become CEO of 7000 shareholders, our base is GREAT.
IMO, Paul sees a chance to take a .0001 stock and get it up and going, and making investors and himself a nice ROI. I have no idea on timing, but the PR's that BPMT issued back in June and July show that he intends on making some serious money. And Dan was nice enough to include us shareholders in this acquistion. Probably due to our patience with him.
Once again I do not expect a r/s. That is what 95% expect, but I am sticking with Dan on this acquistion, after all IF he were going to r/s us, we would have completed the Matrix Deal back in December, and that did NOT happen, because of that deal.
I think the sky is clearing up, with our new direction, new name, and probably our new ticker. Come on Paul, guide us and direct us to PROFITABILITY, afterall, he has done that too many other public companies in the past, and HISTORY always repeats it self. We have a GREAT CEO. I am just waiting for him to introduce himself formally.
IMO what is coming is going to take the investors and MM by suprise in a GREAT way. Afterall Dan has said the RETAILERS will take out the .0001 and .0002's PPS, and then mgmt will take over at the .0003 and above to break out. I think the only thing that was NOT shared, was WHO the CEO would be at the time. But the picture has been painted, now we just wait as investors for our ship to come in.
It has been a LONG time for sure, but IMO it is coming folks. And we are going to have TONS to smile about! Keep your head UP high!
Go Paul... Go Dan.... Go SMMW... Go X...
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Do you feel good about the upcoming 1:8334 reverse split?
"SUN VALLEY, Calif., Sept. 17, 2007 (PRIME NEWSWIRE) -- Summus Works, Inc. (Pink Sheets:SMMW) announced the Company has announced a corporate restructure to include a name change, symbol change, and a reverse split of the Company stock, Common and Preferred. The Company issued the following statement:
"As we move the Company forward, it is imperative to have a share structure that will allow us to seek acquisitions as well as targeting an up listing to OTCBB, AMEX, or NASDAQ Small Cap Market within the next year. We will be doing a reverse split at the ratio of 8334 to 1..."
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for you newbies. this is a pattern with scam stocks. you will lose your money. anytime there is a r/s - the stockholders lose - no exceptions. chalk this one up, you have been scammed.
-------------------- It is what it is
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I still own it, been trying to dump it for several months at .0001 and can't. Stockcop, how did you sell this? I know if I don't sell now, it will be worthless in days after the split.
-------------------- It is what it is
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It seems to me that if the CEO promises no reverse splits and that is what entices people to invest, and safter he gets hundreds to invest their hard earned money, does a r/s, that is fraud, isn't it? Or is the stock market a haven for fraud these days?
-------------------- It is what it is
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quote:Originally posted by oldguy: I still own it, been trying to dump it for several months at .0001 and can't. Stockcop, how did you sell this? I know if I don't sell now, it will be worthless in days after the split.
posted
I mainly check this board to find out which pics to AVOID!...lol I rarely, if ever, bet on anything posted on the .10 cent and under board. With but few exceptions I haven't been disappointed. And this POS was no exception. Check my post on pg.#2 of this thread, from August 14th, where I predicted exactly what just happenned. I don't see why everybody is so surprised. The handwriting was on the wall for some time.
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quote:Originally posted by PCola77: Do you feel good about the upcoming 1:8334 reverse split?
"SUN VALLEY, Calif., Sept. 17, 2007 (PRIME NEWSWIRE) -- Summus Works, Inc. (Pink Sheets:SMMW) announced the Company has announced a corporate restructure to include a name change, symbol change, and a reverse split of the Company stock, Common and Preferred. The Company issued the following statement:
"As we move the Company forward, it is imperative to have a share structure that will allow us to seek acquisitions as well as targeting an up listing to OTCBB, AMEX, or NASDAQ Small Cap Market within the next year. We will be doing a reverse split at the ratio of 8334 to 1..."
This is not the whole PR. Could someone please post the whole PR as I feel revenue projection is the key over the R/S.
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Really? You don't know how to cut and paste?
Well, regardless, here it is (and either way, I think I strongly disagree that the revenue projection is as important as the R/S when they've apprently stated repeatedly that they would not do a R/S. It's a matter that you now can't trust anything that they say, imo):
Summus Announces Corporate Restructure Monday September 17, 9:54 am ET Company to Change Name, Symbol, and Issue a Reverse Split
SUN VALLEY, Calif., Sept. 17, 2007 (PRIME NEWSWIRE) -- Summus Works, Inc. (Other OTC:SMMW.PK - News) announced the Company has announced a corporate restructure to include a name change, symbol change, and a reverse split of the Company stock, Common and Preferred. The Company issued the following statement: ADVERTISEMENT
``As we move the Company forward, it is imperative to have a share structure that will allow us to seek acquisitions as well as targeting an up listing to OTCBB, AMEX, or NASDAQ Small Cap Market within the next year. We will be doing a reverse split at the ratio of 8334 to 1. This adjustment in share structure is intended to decrease our outstanding Common to a more industry standard palatable to future investors, fund managers, our primary Market Makers and for up listing qualifications. Our targeted revenue projections of $60 Million for 2008 and $110 Million in 2009 will insure our current and future shareholders will continue to have value in their investment in the Company. Upon receipt of the confirmation from NASD, we will issue a statement informing the public as to our new symbol,'' stated Mr. Paul D. Lisenby, Chairman and CEO of Summus. ``In addition, the Company will change its name to XTend Medical Corporation to better reflect our position as a major player in the healthcare sector. XTend Medical has been working on several contracts with regional and national health care providers to deliver cutting-edge technologies to insure their patients are monitored and given the best in medical care. The company's main focus is secure long term contracts that will insure the positive growth of the company now and in the future.''
This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
Contact: FutureTechIR for Summus Works, Inc. Investor Relations (817) 812-2105 (727) 417-9338
-------------------------------------------------------------------------------- Source: Summus Works, Inc.
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