Ground floor (and timely) internet play: SDMT (shell co.) will complete a reverse merger
with IBN, International Net Broadcasting "very shortly", according to SDMT's IR. IBN
runs internet content web sites.
Present market cap, based on 8.5 million shares X $2 5/8 closing price yesterday = $22.5
million. Approximately 1.5 million in float. I am told that most of the shares will actually be held by insiders, with some of this restricted for one year.
Stock is starting its move today.
IBN's Entertainment Boulevard web site has big name advertisers, link to AMZN, etc.
Vidnet offers music videos for viewing, and is highly-rated in the industry for technical
quality.
Screen clips offers movie clips.
Pro Sports Net is a sports site with Tim McCarver interviews and other sports content.
See their web sites at:
vidnetusa.com
entertainmentblvd.com
screenclips.com
prosportsnet.com
Merger to be executed possibly this Fri. From a discussion I just had with PR (at
888-649-5622, took me forever to get thru, lots of busy signals), I asked if the reverse
merger was still on. He replied "It is very much on". I asked if it will completed soon, he
said "very soon". I asked "Friday soon", he replied "very, very soon".
The sites got more than 10 million hits in November. December hits were reported to be
well over 20 million hits.
From March to October, unique visits popped from 50,000 to 500,000.
Gator
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