Saw this one listed on the dailylist for a r/s
change of symbol to GENM and r/s of 2,000 : 1
new name: Genmed Holding Corp.

i agree ,but where did everyone go. wonder whats going on here

http://pinksheets.com/pink/quote/quote.jsp?symbol=snwp#getCompanyInfo

Should be turing back around soon....

I'd say that was normal activity. I've had quite a few of my otc-bb trades trades lumped in with others so you don't see your exact size on the tape. In a slow trading stock like SNWP the mm's take there time trying to match up an order to buy or sell before executing. This is not the NASDAQ where trades are lightning fast even in an illiquid stock. Also, if and order is to small your MM doesn't post it. I read somewhere executions are not guaranteed in penny stocks. How many times have you've been given a partial and the market passes you by. Happens a lot to me, lol.

In an illiquid stock like SNWP the MM's like to keep the spread wide so they can make some money. If there were lots of daily trades they'd make less money per trade but lots of them. With that in mind, when one places an order in between the spread they can take their sweet time waiting for another unseen order to match it up with.


prints only...
1:30:14 PM Trade 0.0013 10,000 ($13 lol)
1:30:14 PM Trade 0.0019 10,000
1:29:04 PM Trade 0.0013 10,000
1:29:04 PM Trade 0.0019 10,000
1:23:00 PM Trade 0.0012 35,000
1:22:58 PM Trade 0.0012 805,000 ($966)
1:21:52 PM Trade 0.0012 265,000
1:11:00 PM Trade 0.0013 50,000
1:10:30 PM Trade 0.0013 10,000
12:45:24 PM Trade 0.0014 100,000
12:44:16 PM Trade 0.0014 60,000
12:27:50 PM Trade 0.0014 80,000
11:50:50 AM Trade 0.0013 20,000

2:30:22 PM -Ask- 0.0019 5000
2:20:06 PM -Ask- 0.0018 5000
1:30:14 PM Trade 0.0013 10000
1:30:14 PM Trade 0.0019 10000
1:29:04 PM Trade 0.0013 10000
1:29:04 PM Trade 0.0019 10000
1:23:00 PM Trade 0.0012 35000
1:22:58 PM Trade 0.0012 805000
1:22:48 PM -Ask- 0.0019 5000
1:21:52 PM Trade 0.0012 265000
1:11:00 PM Trade 0.0013 50000
1:10:56 PM -Ask- 0.0013 5000
1:10:56 PM -Bid- 0.0012 5000
1:10:30 PM Trade 0.0013 10000
12:45:24 PM Trade 0.0014 100000
12:44:16 PM -Ask- 0.0014 5000
12:44:16 PM Trade 0.0014 60000
12:44:12 PM -Bid- 0.0013 5000
12:27:50 PM Trade 0.0014 80000
12:07:30 PM -Bid- 0.0014 5000
11:50:50 AM Trade 0.0013 20000

today's volume: 2,525,000 on 13 trades

FWIW, there are trades going through that aren't being shown. And that's not the true bid/ask either.

I set up a series of sales in part because I have too many shares, in part to try to get some trading going by closing the spread.

My sale at the bid of .0014 took about 10 mintues to go through. My sale at .0015 went through about 1 minute later, but it never showed up on the ask and still isn't in the daily volume. Right now, I have a sale at .0017 that isn't showing on the ask.

no, you are probably right. i stated that they will probably dilute to fund phase 2. i was just working out the numbers based on available info.

management may think the stock is too cheap, and they may reverse split it, but before further dilution, i dont think it is important. it doesnt matter if the RS is 1:10 or 1:100000. the underlying asset value and cash flow from the properties remain the same.

i once saw a preferred shareholder end up with 99.5% of the OS because of death spiral financing. i dont see that happening here (yet). i am merely suggesting that after the deal is inked this may be in play sometime during the 6 months leading up to the next phase in their business plan.

regards

ok, let me try this

73% of the total OS is 132M (round numbers)

.73 x OS = 132M

OS = 132M/.73 or 180M

but the pps is too cheap according to management. they'd like to RS 50:1

132M/50 = 2.64M
180M/50 = 3.60M and this would make the pps .002 x 50 = 10cents

If they want .35 they'll need 175:1 RS

Say they do a 175:1 RS, that leaves an OS of 423M/175 or only 2.4M shares.

The AS is still 500M, maybe they just print 132M new shares and give them to "International Creative Property Concepts NV and Andreas Yanakopoulos, an operator and provider of elderly care services in Belgium, registered in Kapellen, Belgium" and basically wipeout existing shareholders.

Restricted shares can be sold buy filing a 144, the company just has to allow the removal of the restriction stamp on the cert. These new ownwers can remove this stamp easily. Or better yet, leave those restricted so we think there locked up and print say 200M new unrestricted shares and dump them in the market.

LOL

basically all we can do is speculate.

okay, here is what i think is going on:

Forget the .35 per share "purchase price". That just clouds the issue and is a made up number. The real issue is share structure.

"The total purchase price of all phase 1 properties as listed above and the Phase 1 Operations is € 35,535,250 or $47,428,902 at a conversion rate of 1.3349 as of this date to be paid with the Company’s common stock at an agreed share price of $0.35, for a total of 131,998,071 common stock post reverse split which will represent 73.2% of all issued and outstanding shares of the Registrant. These shares will have a lock up period for a period of two years. "

so the 132mm shares will be 73.2% of the entire OS. That means the OS will be 132mm/.732 or 180,325,234 shares making the public float 48,327,162 shares. Since the OS right now is 423mm, i expect preferred conversion to common to be about 57mm shares and then a nice, tidy 1:10 reverse split to get us to that amount. That would yield a book value per share (after split) of 15.7 cents per share.

The next event is what they are calling "Phase 2" which is the company buying the remaining 10 properties from ICPB in 6 months. My guess is that they will be using preferred shares for this.

That is what i have for now. feel free to comment

just guessing from the latest 10q, the 132mm shares which will represent majority ownership in the company would mean a 1:10 RS is coming. that would reduce the current OS plus any preferred conversion to around 20% of the OS which is what they are getting at with the 132mm shares (i think).

still reading

todd

common stock outstanding as of May 21, 2007 was 423,477,518

As of May 19, 2006 423,477,518 Shares of Common Stock were outstanding

so even though pinksheets says there was a 50:1 RS on 7/1/06, it never happened? (I just checked pinksheets and the 50:1 RS is not there now, I'm sure thats where I got that info from for the ibox when I created it on 2/9/2007)

The following is from the 2006-07-14 pre-14c


In addition on March 31, 2006 a Secured Debenture Purchase Agreement was executed between Media Finance en Suisse Holding GmbH and Satellite Newspapers Suisse GmbH. Under said Agreement the Company issued $2,700,000 original principal Series A Premium Secured Convertible Debentures, convertible at the conversion rate of $0.005 per share or 50% of the market price if the stock trades below $0.005. The holder on June 28, 2006 has elected to convert $2,100,000 of said debenture at 50% of the market price at $0.003 ($2,100,000 / .003 = 70,000,000 shares). Since the Company is unable to nor does it desires to issue that many shares, the Company has determined that it would be in its best interest to issue said shares in convertible preferred shares until such time as the reverse is effective.


For these reasons our Board of Directors has chosen to adopt and recommend the Reverse Stock Split.

The Reverse Stock Split and the other terms of the Amendment will have the following effects upon our Common Stock:

The number of shares owned by each holder of Common Stock will be reduced by the ratio of fifty (50) to one (1), reducing the number of shares of our Common Stock outstanding from 423,477,518 shares, to approximately 8,469,550 shares;

The number of shares of Common Stock we are authorized to issue will remain the same at 500,000,000 shares; and

The par value of our Common Stock will remain the same.

ALSO, re:Preferred Stock ...

The Board of Directors believes that it is in the best interests of both the Company and its stockholders to create a class of preferred stock as a part of the Company's capital stock. The Preferred Stock will be "blank check" preferred stock, giving the Board the authorization to issue preferred stock from time to time in one or more series and to fix the number of shares and the relative dividend rights, conversion rights, voting rights and special rights and qualifications of any such series. Any issuance of preferred stock with voting rights could, under certain circumstances, have the effect of delaying or preventing a change in control of the Company by increasing the number of outstanding shares entitled to vote and increasing the number of votes required approving a change in control of the Company.

----

so they are still hashing out this pre-14C a year later? and they eventually will file a 14C (no pre) and preform the 50:1 RS

I wonder how many shares of common per A share ???

i read that as referring to the RS they just completed, but it makes more sense that they would perform another RS and then issue new shares as controlling interest. but those shares would be tied up for 2 years.

i also understood from the last 10k that the only class of stock left is common; that the preferred shares were all converted. if i understood correctly then a RS wouldnt necessarily be a bad thing considering we are getting assets and positive cash flow into the company. based on asset and cash flow valuation models and the above assumptions, this looks to be a .18-.25 stock selling for about .05 (post split price at 1:50).

please feel free to challenge any of my assumptions

I was just reading that 4/3/07 14C...

FIFTY TO ONE REVERSE


The terms of the Reverse Stock Split provide for each fifty (50) of the outstanding shares of our Common Stock on the date of the Reverse Stock Split (the "Old Shares") will be automatically converted into one (1) share of our Common Stock (the "New Shares"), thereby reducing the number of shares of our Common Stock issued and outstanding.


The Amendment does not change the par value designation of our Common Stock, or the number of shares of our Common Stock authorized for issuance.

PURPOSE AND EFFECT OF THE AMENDMENTS


Our Board of Directors believes that the relatively low per-share market price of our Common Stock impairs the acceptability of our Common Stock to certain members of the investing public, as well as the viability of our current business plan. Because of the current low price of our Common Stock, our credibility as a viable business enterprise is negatively impacted. Specifically, many analysts will not or are not permitted to initiate coverage on any securities that trade below $5.00. In addition, certain investors view low-priced stock as unattractive or, as a matter of policy, are precluded from purchasing low-priced securities. However, certain other investors may be attracted to low-priced stock because of the greater trading volatility sometimes associated with such securities.


.002 x 50 = 10 cents (even a 50:1 won't get them to .35)

425M/50 = 8.5M OS if they do this additional 50:1 RS

you gotta love this line...

We have elected not to call a special meeting of our shareholders in order to eliminate the costs of and time involved in holding a special meeting. Our management has concluded that it is in the best interests of our Company to address this matter in the manner stated herein.

Then this shit...

The Board considered reducing the number of shares of authorized Common Stock in connection with the Reverse Stock Split, but determined that the availability of additional shares may be beneficial to our Company in the future. The availability of additional authorized shares will allow the Board to issue shares for corporate purposes, if appropriate opportunities should arise, without further action by the stockholders or the time delay involved in obtaining stockholder approval (except to the extent that approval is otherwise required by applicable law). Such purposes could include meeting requirements for capital expenditures or working capital or, depending on the market conditions, effecting future acquisitions of other businesses through the issuance of shares.


Because the Reverse Stock Split results in an increased number of authorized but unissued shares of our Common Stock, it may be construed as having an anti-takeover effect. Although the Reverse Stock Split is not being undertaken by the Board for this purpose, in the future the Board could, subject to its fiduciary duties and applicable law, use the increased number of authorized but unissued shares to frustrate persons seeking to take over or otherwise gain control of our Company by, for example, privately placing shares with purchasers who might side with the Board in opposing a hostile takeover bid. Shares of Common Stock could also be issued to a holder that would thereafter have sufficient voting power to assure that any proposal to amend or repeal our Bylaws or certain provisions of our Articles of Incorporation would not receive the requisite vote. Such uses of our Common Stock could render more difficult, or discourage, an attempt to acquire control of our Company if such transactions were opposed by the Board.


OK, a little more reading and YUP, another 50:1 RS to happen at any time...

The number of shares owned by each holder of Common Stock will be reduced by the ratio of fifty (50) to one (1), reducing the number of shares of our Common Stock outstanding from 423,477,518 shares, to approximately 8,469,550 shares;


The number of shares of Common Stock we are authorized to issue will remain the same at 500,000,000 shares

http://sec.gov/Archives/edgar/data/1061688/000117892407000025/fp14c_form-snwp.htm

They'll be able to print 491.5M shares to dump in the open market. Once they RS this, I'll be waiting for .002 again, lol.

I wonder if Panetta was paid to pump this POS, lol.

"...Neither the Articles and Bylaws of Satellite Newspapers Corp. nor the Nevada Revised Statutes provide for dissenters' rights of appraisal in connection with the Amendment..."

Nevada Revised Statutes? The company is in default in Nevada, lol.

Thank you for that thoughtful reply. As I read the filings Bill refers to, I can't tell if the shares are valued at .35 post split based on some real assessment of value, or if the company just needed to pick a number and .35 sounded nice.

kermit, I'm not down on SNWP

I like any stock that can increase shareholder value. I put whatever facts I thought important in the ibox. It helps to refresh my memory quickly if need be. It bothers me they did a 50:1 RS a year ago, that they have been in default with Nevada for over a year, that they also have preferred shares that could dilute shareholders. There have been zero PR's since... 08/29/06 Satellite Newspapers Partners CNPITC, Chinese Largest Enterprise in Press and then theres the latest 10Q filing saying they ceased operations. On top of that DeVries and Mariani alleged breach of employment and fraud and won a 1.44M judgement but are accepting only 150k payable in 8 days.

As for Panetta's spin. I see it differently. Looks like another RS is in the offing...

"...In addition on March 27, 2007 the Company's Board of Directors and
majority of its Shareholders approved to accept subject to due
diligence by all parties the March 21, 2007 Memorandum Agreement
executed with International Creative Property Concepts NV and Andreas
Yanakopoulos, an operator and provider of elderly care services in
Belgium, registered in Kapellen, Belgium. The total purchase price
is € 35,535,250 or $47,428,902 at a conversion rate of 1.3349 as of
this date to be paid with the Company's common stock, at an agreed
share price of $0.35, for a total of 131,998,071 common stock post
Reverse Stock Split which will represent 73.2% of all issued and
outstanding shares of the Company. These shares will have a lock up
period for a period of two years.
..."

73% of 180M shares is 132M. The OS is 423M and there are 2.2 "A" shares as well. Maybe DeVries and Mariani are back in bed with management and will soon be selling stock. Maybe Panetta likes to gamble. On the bright side, SNWP does file with the SEC.

Investors Hub - Bill Panetta Charting Techniques#3064, BOTTOMBUSTERS & POWERSCANS (weekend) · Bill Panetta, 7/7/2007 11:27:14 AM. #3063, Bill, are you still holding SNWP? ...
www.investorshub.com/boards/board.asp?board_id=4203 - Jul 11, 2007 - Similar pages

Investors Hub - Bill Panetta Charting Techniques Post #2504Stock Clubs | Market Trends and Strategies | Bill Panetta Charting Techniques ... SNWP has 423M outstanding as of 3/27, and based on the proceeding ...
www.investorshub.com/boards/read_msg.asp?message_id=19521528 - 17k - Supplemental Result - Cached - Similar pages
[ More results from www.investorshub.com ]

SNWP . . . Just popped on my !volume! FILTER [Archive] - Penny ...from bill panetta at the hub SNWP DD SNWP has 423M outstanding as of 3/27, and based on the proceeding information, I do not believe that is going to change ...
www.hotstockmarket.com/forums/archive/index.php/t-48877.html - 51k - Supplemental Result - Cached - Similar pages


Keep an eye on L-II tomorrow and see who the seller is. Even delayed L-II is good for that! I'll be out all day.



http://www.otcbb.com/asp/quote_module.asp?qm_page=73829&symbol=SNWP

Thanks for updating the IBOX. It doesn't sound like you're too high on this stock.

What do you think of the Panetta pump in light of the settlement and bankruptcy proceedings?

I updated the ibox somewhat, lol

I wonder whats going on here.

I see Devries mentioned in the latest 10Q. I hope its not this Devries

Posted by: rmeek1
In reply to: FrankieJ who wrote msg# 186793 Date:11/21/2006 12:55:39 PM (SLJB board)

Anyone else notice that Sulja was distancing itself from Kore International and Devries or do we only see what we want to believe?

see here also...

http://www.investorshub.com/boards/read_msg.asp?message_id=20975706&txt2find=devries+

Maybe Div. News


http://www.satellitenewspapers.com/


STOCK Info Total Stocks outstanding per 1-July-1006
Shares Outstanding: 423,477,518 Million Restricted Stocks outstanding
80% Dividend policy
To achieve the SATELLITE NEWSPAPERS aggressive growth targets, it?s planned expansion and growth of its business, the Company does not expect to pay dividend over the next 18 months (end 2007). However, the company has a business model that allows for strong cash flow generation in the future. In spring 2007 the Board of Directors shall proposes the dividend payout ratio between 30% and 60% of SATELLITE NEWSPAPERS profit. Contact
To contact SATELLITE NEWSPAPERS Investor Relations or Services,
please mail to: Investor-Relations@satellitenewspapers.com
--------------------------------------------------------------------------------
Copyright © Satellite Newspapers 2006. All rights reserved

yippy

It's like a prophecy!!! lol

All lurkers and shareholders should read this and prepare for much higher prices.

http://investorshub.com/boards/read_msg.asp?Message_id=19521528&txt2find=snwp

In addition on March 27, 2007 the Company’s Board of Directors and majority of its Shareholders approved to accept subject to due diligence by all parties the March 21, 2007 Memorandum Agreement executed with International Creative Property Concepts NV and Andreas Yanakopoulos, an operator and provider of elderly care services in Belgium, registered in Kapellen, Belgium. The total purchase price is € 35,535,250 or $47,428,902 at a conversion rate of 1.3349 as of this date to be paid with the Company’s common stock, at an agreed share price of $0.35, for a total of 131,998,071 common stock post Reverse Stock Split which will represent 73.2% of all issued and outstanding shares of the Company. These shares will have a lock up period for a period of two years.

what's the rumor? is the deal signed, or were we alerted on some message board today?

Great week a head $$$$$$$$$$$$$$$$$$$

Looks like an event is about to take place with the "all of a sudden" action this morning.

Got some atention today L2 looks thinnnnn

NewspaperDirect Signs Exclusive Distribution Agreement With GlobalNewspapers

Jun 5, 2007 00:02:01 (ET)

CAPE TOWN, SOUTH AFRICA, Jun 05, 2007 (MARKET WIRE via COMTEX) -- WAN booth HL2A024 -- NewspaperDirect, the leader in digital delivery and local printing of same-day newspapers from around the world, announced that Global Newspapers (formerly Satellite Newspapers Portugal) has now become NewspaperDirect's exclusive distributor in Portugal, Angola, Mozambique and Sudan.

"We chose to move to NewspaperDirect because it has the most reliable systems, innovative and secure technology, efficient operations and a reputation for superior customer service," said Bernardo Claro Da Fonseca, CEO of Global Newspapers. "And as a trusted partner to publishers worldwide, with almost three times as many titles as anyone else, it was really a very easy decision for us to partner with the undisputed leader in the market."

With over 30 kiosk locations across Portugal, Global Newspapers was arguably the most successful Satellite Newspaper (now DigiNews Press) distributor in the world. All of its locations have been moved over to the NewspaperDirect platform and their kiosks updated with the latest NewspaperDirect technology and content. Global Newspapers is now focused on expanding its installations to all its market segments in other territories.

"Global Newspapers' track record in Portugal is very impressive," said Alexander Kroogman, CEO of NewspaperDirect. "Having such a successful and well-managed digital newspaper distributor move to the NewspaperDirect network is yet another testament to our market and technology leadership."

For more information on the NewspaperDirect's License Partner network visit http://www.newspaperdirect.com/solutions/distributors.aspx

About Global Newspapers

Based in Lisbon, and launched in 2004, Global Newspapers is the leading digital newspaper printing company in Portugal. Currently operating 40 print-on-demand locations in Portugal, it is presently implementing six new print sites in Mozambique, six in Angola and one site in Sudan for launch within the next 90 days. The company focuses on developing Print-on-Demand (POD) hardware solutions that boost newspaper sales through enabling direct reader interaction with the system. This has meant increased circulation and opens the potential for on-screen advertising at the point of sale. The company has successfully implemented a franchise business model to rapidly grow their newspaper kiosk hardware and distribution business. Global Newspapers, SA is owned by an Institutional Venture Capital Company PME - Investimentos, SA and five other private investors. For further information, contact Global Newspapers, SA.

About NewspaperDirect Inc.

Founded in 1999, NewspaperDirect Inc. is the world leader in digital delivery and local printing of same-day newspapers from around the world. NewspaperDirect offers over 500 newspaper and magazine titles through a global network of more than 1,200 print locations in more than 90 countries, delivering them to hotels, libraries, cruise ships, corporate offices, retail outlets, home subscribers and Web browsers everywhere. The company also leverages its extensive content base and leading-edge technology to offer PressDisplay.com, which provides consumers with online, instant access to hundreds of newspapers and magazines from around the world, via computer or smart mobile device. As a Microsoft Premium Partner, NewspaperDirect develops content applications for Tablet PCs and Ultra-Mobile PCs. To learn more, visit www.newspaperdirect.com .

Contact:
Tim Cox
for NewspaperDirect
Email Contact
+1-650-369-7784

SOURCE: NewspaperDirect Inc.

the cash flow valuation also comes out around .12-.18 per share depending on a few assumptions. so just on face value this seems to be a 20-25 cent stock before reverse split. can anyone corroborate? am i missing something?

if they do a 1 for 50 reverse split at .25, that would yield $12.50 per share.

you find a new place to crash yet lolol

just heard about this. is my math accurate?

roughly 425 million shares outstanding
roughly 28 million in equity
yields a book value of 6.6 cents (roughly)

what am i missing?

Good News and the order book will explode...

L2 Quote:
MM on Bid : 17
MM ID Bid Size Time
NITE 0.0010 10000 11:06:40
SBSH 0.0009 5000 11:36:35
SSGI 0.0008 5000 07:30:11
HDSN 0.0008 5000 07:30:11
UBSS 0.0007 5000 10:38:20
VFIN 0.0005 5000 07:30:11
DOMS 0.0005 5000 07:30:11
JEFF 0.0005 5000 07:42:06
SALI 0.0005 5000 07:30:11
ETRD 0.0003 5000 07:30:11
HILL 0.0001 5000 07:30:11
PERT 0.0001 5000 07:30:11
MAXM 0.0001 5000 10:17:15

MM on Ask : 17
MM ID Ask Size Time
ARCA 0.0000 50000 10:17:16
AUTO 0.0000 2500 16:00:01
NITE 0.0012 5000 11:06:40
SBSH 0.0012 5000 11:36:35
UBSS 0.0012 5000 10:38:20
ETRD 0.0013 5000 07:30:11
VFIN 0.0020 5000 07:30:11
SSGI 0.0050 5000 07:30:11
DOMS 0.0050 5000 07:30:11
HILL 0.0065 5000 07:30:11
PERT 0.0065 5000 07:30:11
HDSN 0.0070 5000 07:30:11
JEFF 0.0200 5000 07:42:06

does anyone have any good contact with the company? tell them to issue a press release on this stuff.. it's buried in filings! =)

very reliable DD
http://www.investorshub.com/boards/read_msg.asp?message_id=19521528

Some sober DD

28m in property minus 17,000,000 in debt= $11,000,000 / 8.47m o/s =
.126 per share / 50 r/s= .0025
current PPS is .001

undervalued, but not as much as I thought with further DD, but looks like with such a small float, some good cash can be made, but the DD from others missed the 17m in debt they have, so take with a grain of salt

bay -- they reached an initial MOU .. it looks like in march. i'd expect an LOI or a purchase agreement to be on the way ..

the stock isnt really down.. only a little buying brought it to $.0015 yesterday.. went as high as $.0017 today.. and is back to $.001 on what amounts to a grand or two in dollar volume. it went to $.0017 on about $3K in trading..

not much money in this either way right now -- i think that will increase as the deal progresses.

very small market cap right now.. and if the deal does happen as described in the filing.. it's a pretty nice discount to where the market value was set at.

when is this supposed to happen, big drop today huh

PQL research put out a note on SNWP today. What does everyone think of the asset acquisition/ merger described in the PRE14C?

new HOD, booyah anyone?

006 painted :)

YES it COULD.

Adding here.

shakerz is on this.. could go big

SNWP gonna bounce here. Watch

80% t0day BYA!

nobody watching?

this thing is primed to run

no idea

So which is it 420 mill or 8 mill anyone?

SNWP. Triple bottom at .002 level. This stock should break out and run. On verge of reversal right now.

Once it breaksouts to upside it should make another run at .01.

Was at .019 area in the last week at its high. Quite a pullback here. Great volume and buying yesterday and nice buzz on the boards.

did anyone call the T/A? it's weird that both knobias and otcbb.com show 420M in o/s

http://www.otcbb.com/profiles/snwp.htm

ALSO UBSS. Good sign