SCMI -- rockin and rollin, company has big expectations Message Board

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Microcap & Penny Stocks : SCMI -- rockin and rollin, company has big expectations

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To: kbert who wrote (329)	2/24/1999 9:49:00 AM
From: kbert	Read Replies (1) of 546

A very good post from Maark on RagingBull thread He agreed to let me copy it other here: Sorry, rough day yesterday, couldn't face the "sites", went to bed early. ARCHIBALD RAZMOTT - I'm sorry if my post was unclear, please read the K8 filed jan 17. It gives good insight into what the new co. float will be. I don't understand your figures on the float on the SI post. As I have stated before scmi can only bring 8 million shares to the new co.!!! That is the maximum float because ALL of the other shares are restricted for two years or until the new stock hits $5. Then only 20K can be traded at a time. ALSO anyone in the 8 million share group (us scmi guys) that has over 160,000 'converted' shares is likewise restricted!! I would guess that to be as much as 1/2 of the 8 million. (in-put appreciated). SCMI must also bring $1 million to the deal cash. The new hits should not have to issue new stock for some time. I strongly feel that the new co. float will be +- 5 million shares for the first two years or until the stock hits $5!!!! The float will drive the price, not eps. I would guess 1/2 of the hot internet cos. have negative eps!! No one cares, it's potential that drives the stock now. The main problem is trying to figure out what potential is available to Hits. I, like you, love their website. It needs some polish but there is a lot of free stuff there. Small cos. love free stuff! Small cos. grow. FREDE, I missed the possibility for merger for ihsi. That would just be gravy. It would explain why a bankrupt company can still sell for .20 - .30 cents a share.( pre hits announcement ) I don't think scmi is a bad investment up to .45/share!

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