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#1 |
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Senior Member
Join Date: Mar 2006
Location: Scituate, MA
Posts: 5,747
Rep Power: 131
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DENVER, CO, Sep 22, 2006 (MARKET WIRE via COMTEX) -- Summus Works, Inc. (PINKSHEETS: SMMW) announced it will distribute one million shares of Atlantis Holding Corp. common stock (PINKSHEETS: AHDG) to Summus Works' shareholders by way of a dividend. After consultation with the Company's legal counsel and transfer agent, the Board of Directors resolved to directly award beneficial owners of Summus Works in accordance with the Company's anti-abusive short selling program. Management noted that in addition to rewarding shareholders, the process by which shareholders will receive their dividend shares will also serve to deter abusive short selling of the Company's stock by forcing the cover of outstanding short sales.
The logistical details of the dividend as well as instructions for shareholders to receive AHDG shares are being drafted by the Company's legal counsel and will be issued in an upcoming press release, management stated. |
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#2 |
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Senior Member
Join Date: Mar 2006
Location: Scituate, MA
Posts: 5,747
Rep Power: 131
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DENVER, CO, Sep 26, 2006 (MARKET WIRE via COMTEX) -- Summus Works, Inc. (PINKSHEETS: SMMW) announced that the Company's beneficial owners of record on November 1, 2006, having shares of Summus Works, Inc. common stock held directly in their name (whether at their brokerage firm, or personally) will receive shares of Atlantis Holding Corp. restricted common stock (PINKSHEETS: AHDG) on a pro rata basis. Only beneficial owners having SMMW shares held DIRECTLY in their name(s) will receive the dividend, pro rata.
Summus Works, Inc. management announced that the method of the dividend is in accordance with the Company's anti-abusive short selling program, and so has declared the November 1 record date to allow ample time for shareholders to coordinate with their brokers, the process of ensuring that their SMMW shares are held directly in their name, enabling them to receive the AHDG dividend. Management will also post a FAQ page on *********************** for shareholders' convenience, and reiterated that it is the responsibility of shareholders concerned about receiving their dividend to contact their brokers as soon as possible to ensure their receipt of the dividend. The dividend itself is resultant of one million shares of AHDG received by Summus Works, Inc. for services contracted by Atlantis Holding Corp. |
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#3 |
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Moderator
Join Date: Mar 2006
Posts: 1,347
Rep Power: 48
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Summus Works, Inc.: Announces Reduction of Issued and Outstanding By One Billion Shares
via COMTEX June 7, 2007 DENVER, Jun 07, 2007 (M2 PRESSWIRE via COMTEX News Network) -- 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. SOURCE: Summus Works, Inc. CONTACT: Summus Works, Inc. Tel: +1 888 607 9495 e-mail: summus@summusworks.com 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. |
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#4 |
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Moderator
Join Date: Jun 2006
Posts: 1,846
Rep Power: 60
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hey Bil,
Unfortunately. Dilution Killing this Piggy |
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#5 |
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Moderator
Join Date: Mar 2006
Posts: 1,347
Rep Power: 48
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Yeah I gave up on this a long time ago. Best thing I did with this: I bought 2 million shares at .0001 as a newbie- and sold back 1 million at .0001 last year.
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#6 |
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Moderator
Join Date: Jun 2006
Posts: 1,846
Rep Power: 60
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WOW
YOU was the Smartest NEWBIE - that i heard for MY 10 + Years of TRADING |
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#7 |
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Newbie Trader
Join Date: Jun 2007
Posts: 23
Rep Power: 12
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volume is great.
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