This discussion is about Somatic Systems Inc.

Click "View Shoutbox" to join other discussions about Somatic Systems Inc..

SMAS retires 1 billion shares

pzabita
+114-2

Anybody else invested in Somatic Systems, Inc. It seems they are doing what they promised and retiring shares, now let's see if the stock price responds.

pzabita
+114-2

Re: SMAS retires 1 billion shares

When they started the buyback they stated they were looking to reduce their outstanding shares by 50% which will leave them with about 4 or 5 billion outstanding, still alot but again half of what was there. The reduction in the float has only been 50 million, hopefully the next buyback comes from the float but now with the pps going up that may make it harder for them. This seems to be shaping up to be a very impressive company in my opinion.

kramer
+180-21

Re: SMAS retires 1 billion shares

Usually companies buy back between 5 and 10%. Should tighten things up - but maybe they should have done that a long time ago.

manlyman
+99-8

Re: SMAS retires 1 billion shares

ya it really is starting to make sense. How many more shares do they have to buy back?

Snowbird
+228-31

Re: SMAS retires 1 billion shares

could be huge??? It's actually making me think twice about this company. Hopefully they have an update soon. The share buy back is starting to make sense.

steveeto
+114-1

Re: SMAS retires 1 billion shares

Wow, fingers crossed. This could be huge!

pzabita
+114-2

Re: SMAS retires 1 billion shares

More great news - if they get this contract the stock is going to take off!!!!!!!

Somatic Systems, Inc. to Discuss Contracts With US Military Wednesday October 1, 9:27 am ET

NORTHAMPTON, MA--(MARKET WIRE)--Oct 1, 2008 -- Somatic Systems, Inc. (Other OTC:SMAS.PK - News) is pleased to announce that throughout the month of October it will be meeting with the US military to discuss the company's proprietary Clinical Somatics pain management system to help soldiers and veterans with injury and chronic pain. Clinical Somatics is a natural treatment method that achieves dramatic results even in cases where medicines, surgeries, physical therapies, and other treatments have failed.

Somatic Systems will be meeting with supervising officers, directors, and other high-ranking administrators of several different military rehabilitation programs, army hospitals, and VA hospitals at multiple locations throughout the United States. Military officials are interested in Clinical Somatics as a solution for the crisis of acute and chronic pain in active and retired soldiers and to alleviate the addictions to medications and other ****s that develop as a result.

Contract proposals include Somatic Systems providing comprehensive inpatient Somatic treatment programs, outpatient Somatics treatments, and therapeutic Somatic group exercise programs for recovery and long-term health maintenance. Additionally, discussions are underway with military officials regarding Somatic Systems and their Clinical Somatics practitioners becoming approved providers for the military and Veterans Affairs. Approved provider status would enable Clinical Somatics treatment of active and retired military personnel and dependents to be paid for by the military.

Legislation introduced this year, called the Military Pain Care Act of 2008, requires the Department of Defense, Veterans Affairs, and Health and Human Services and the Surgeon General of the United States to implement and maintain a pain care initiative in all military health care facilities and for all active and retired military personnel, dependents, and survivors. The legislation requires that the Department of Defense contracts for medical care include provisions for the treatment of pain. Furthermore, the legislation requires that all those receiving treatment in military health care facilities are assessed for pain at the time of admission or initial treatment, and periodically thereafter, and receive pain care as needed.

The Military Chronic Pain Crisis

Approximately 3 million personnel serve in the US military, representing a multi-million dollar pain relief market. The implementation of a pain care management system is expected to have a significant impact on the personal lives of military members and the military service's combat readiness. The company's Clinical Somatics(TM) pain care techniques have been tested on numerous members of the US military with overwhelmingly positive results.

Nearly 26 million living Americans have served in the military, and the VA currently serves 70 million people, including family and survivors of veterans. Pain is the most common symptom in service members returning from combat and is the leading cause of disability amongst our nation's veterans. More than 40% of returning Iraq and Afghanistan veterans have reported musculoskeletal pain-related problems and symptoms, mostly from back and joint pain (which are specialties of Clinical Somatics). Yet, the Department of Defense does not have a comprehensive, consistent, or adequate pain care program.

In response, both the US Senate and House of Representatives have introduced and passed a variety of legislative measures that will help service veterans and the active armed forces better manage the challenges of chronic pain. These include the Military Pain Care Act of 2008; the Veterans Pain Care Act (which calls for the establishment of a pain care initiative in health care facilities of the US Department of Veterans Affairs), and the National Pain Care Policy Act (which calls for greater examination of pain management in the healthcare system as a whole).

steveeto
+114-1

Re: SMAS retires 1 billion shares

To be honest, I really didn't know about that kind of thing. Sure would be nice to be able to pull that off myself though...

Snowbird
+228-31

Re: SMAS retires 1 billion shares

It's a classic game market makers like to play on the pink sheets. The winning formula is to get in on them before the volume picks up..That's when MM's play there games.

kobbetje
+69-0

Re: SMAS retires 1 billion shares

Hoy Steveeto,

I already told on this board that the MM's are doing what they like on the pinksheet. They are buying shares at 0.0001 and selling for 0.0002. If you are very lucky, maybe you should have the opportunitie to buy at 0.0001 but that is almost impossibel.

A good place to find other information on SMAS = http://investorshub.advfn.com/boards/board.aspx?board_id=6753

steveeto
+114-1

Re: SMAS retires 1 billion shares

Thanks pzabita, I actually wasn't really sure where they were coming from.

Stock Quote