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Microcap & Penny Stocks : Suncom (NASDAQ:SNLMF) -- Ignore unavailable to you. Want to Upgrade?

To: J. Nelson who wrote (385)	1/14/1999 7:19:00 AM
From: Angel D	Read Replies (1) \| Respond to of 437

Mr. J, Nelson, The company has always been headquartered and incorporated in Vancouver. Hence, the "F" (foreign) in SNLMF. I'll bet you thought it stood for something else :). It was the Canadian LD market they failed in, although there was even more opportunity there than here. How previous management failed is another "black comedy" of errors which I won't go into. Some time back, Dennis stated that one of the goals was to make it an American company and get relisted on the Naz. Still waiting for that. At last count, the float was about 55 million shares, up about 30 million since the reorganization. Of course, that doesn't mean that there isn't a printing press somewhere :). It's been some time since we saw fiancial reports (should be due out soon), so actual share numbers are a little hazy. Hopefully, financials will touch on things like revenues, EPS, etc. Although in the "e-xxxx" field these often take second place to hype. That's a statement about the sector in general, not this stock in particular. Thanks for your interest. Best regards, AD

To: J. Nelson who wrote (385)	1/14/1999 10:13:00 AM
From: Michael Peterson	Respond to of 437

Jim, you hit the nail on the head with the hard work. And yes they do have offices in BC and Indy as well. # of shares etc... biz.yahoo.com michael

To: J. Nelson who wrote (385)	1/15/1999 10:06:00 PM
From: Angel D	Respond to of 437

Mr. J. Nelson, Jim, You say that you are in telcom and that you think LD is an easy place to make money. Being a telcom professional myself, I would have to agree with you. However, there are ways you can screw it up. Let's look at a couple. :) Many small LD providers are simply resellers. That is, they buy minutes from a major carrier at a discount and resell them to end users. In Canada, four years ago, this was certainly the case, even though our company was in the top five "carriers" in the country. Now, hypothetically, let's say that LD minutes are retailing for .15. You, as a reseller, would like to buy them @ .12 and resell them @ .15. You get the opportunity to buy them from the major national carrier @.12. You, being clever, seize the opportunity and lock in a long term contract at that rate. Then, due to competition, the end-user rates fall to .14, .13, .12, .11, .10. You are locked into a contract at .12. This may be why the "safe harbor" statement refers to the "low margin" LD business. I would think that being locked into a contract to buy at .12 and selling at .10 is the epitome of low margin. :) OK, let's try another common route. We buy up some of the smaller competition to expand our customer base, maybe even pay $10 million. We'll be very careful, here. We won't get caught buying the network without the equipment. We won't get caught buying the equipment without the network. Viola! we have them both! We are in business. OH, SH**! We forgot to obtain the licenses to use what we just bought. Boy, are we screwed! I related these two little anecdotes for two reasons. First, it's because I am sure that Michael had no clue whatsoever as to the history of the company, and I'm "just showin' off". :) Sorry, but sometimes you just have to "style and profile". :) Second, and most important, is to demonstrate the importance of a sound business plan. This company went through a major scandal. It crushed the company. My recent recollections are that ADM and TSN have also recently gone through some pretty heavy scandal, but they have fared well because they have a substantial business plan. (Money talks). Our company was hurt because there was nothing to back us up when the scandal hit. This is why I continue to fight for a sound business plan. You can't beat $coming in. I have seen no reference to revenues for us. The foregoing was not an attack on present management. It was only an example of what can happen without a sound business plan. I wish our current management the best, but have not seen any really substantial moves. More upon request. (sorry Michael, I know you don't want to hear the truth) Jim, my best regards, AD