A non-reporting company. A very dangerous speculation. Do you have any information on the company? For example, do you know how many shares are outstanding?
Edit: Per their website, the company has 198,756,245 shares outstanding, of which 169,574,953 are in the float. That gives the company a valuation in excess of $55 million.
From the company's website:
Important Notice to SunnComm Shareholders and Prospective Shareholders
SunnComm Technologies, Inc. is a Phoenix, AZ company whose stock is publicly traded in the Over-the-Counter (OTC) market under symbol STEH. Our 3-year old company is currently in the development stage of its life cycle and, to date, has earned only insignificant revenue from sales of its products.
It is the intention of management to remain a non-reporting company listed on the "The Pink Sheets" until such time as the company reports significant sales of its technology. It is within the corporation's legal rights to elect this option. However, this means that you, the investor or interest-holder, will not be afforded public access to regular company audits and therefore you must solely rely on the company's press releases, news stories, or other publicly available information.
Not having access to audit detail or other significant reporting dynamics can put SunnComm shareholders or interest-holders, at a significant disadvantage from a risk standpoint. Due to SunnComm's current, legal, non-disclosure status, your investment in SunnComm may carry with it an even higher degree of risk than that of other publicly traded companies which are currently fully reporting.
Because of our non-reporting status, SunnComm's management feels you need to understand these very important facts prior to making a decision to invest in the company's shares, and you should also be totally aware that you run the risk of losing your entire investment should you make the decision to purchase shares in SunnComm.
If you have additional questions regarding this notice or anything you may read on SunnComm's website, we urge you to contact company directly.
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Peter H. Jacobs |
