UVUM - uVuMobile

This one is high risk so I want to make that very clear....

This post sums up what might be going on here...

Posted by: tchauncy
In reply to: rkor who wrote msg# 31 Date:8/8/2007 5:59:20 PM
Post #of 37

UVUM-mrkor- Loaded up today below .06. IMO, don't see any bankruptcy here.

You don't see a wealthy investor settle a lawsuit with the Company he has been fighting for three years for free trade stock making him the second largest shareholder, then a few days later a threat of possible Bankruptcy comes out then a week later the large investor not only doesn't sell his stock, but files a 13d locking himself into the stock. Unless he knows something positive is about to happen, IMO, you would expect that investor to be furious and unwind the settlement and go for the Company's D&O insurance carrier for cash.

You also don't see five members of a BOD making a half million dollar "Bridge Loan", unsecured and not convertible prior to filing for a Chapter. If they really thought this was going into BK, they would wait until after the filing and then do a "DIP" loan, (debtor in possession) which would make them the senior creditor. This looks more like a ploy to "cram down" either certain creditors, or to get out of some contractual commitments.

Reading the past filings on this Company, it appears there has been almost $70 million dollars invested in developing their technology in just the past four years. Management must feel that they have developed something with all that cash or they wouldn't have put another dime into the Company.

http://www.smartvideo.com
http://www.uvumobile.com/index.asp

uVuMobile, Inc., through its subsidiaries, provides video content distribution services and technology in the United States. It offers mobile hosting and streaming solutions that enable the distribution of content to mobile users and various compatible devices; and content management, encoding, hosting, streaming, and reporting services for live, simulated live, or video on demand. The company also provides value-added services, including multiple billing services, advertising support, client application development, and content services. In addition, it offers a suite of mobile marketing services, which includes a short message services platform; mobilecasting; mobile media solutions for various mobile applications; and smarTVideo Mobile TV, which provides its customers with access to streaming video programming. uVuMobile distributes video and television programming to consumers with mobile display devices, cell phones, and PDAs connected to the public Internet through wireless data networks and Wi-Fi. It also offers managed services for Internet network operators (carriers); and producers, owners, and distributors of content. As of December 31, 2006, uVuMobile had approximately 5,100 subscribers for its smartTVideo mobile TV subscription packages; and approximately 40,000 subscribers with 10 wireless carriers for mobile video hosting services. The company was incorporated in 2000. It was formerly known as SmartVideo Technologies, Inc. and changed its name to uVuMobile, Inc. in June 2007. uVuMobile is headquartered in Duluth, Georgia

SHARE STRUCTURE:
Shares Outstanding: 61.80M
Float: 49.31M
Total Insider Shares Held: 11.27M

smarTVideo(TM) Now Officially uVuMobile(TM), Inc.
Name change reflects evolving corporate brand and innovative technologies for delivering new products and services to the mobile marketplace

smarTVideo™ Technologies, Inc. d/b/a uVuMobile™ (OTCBB: SMVD) announced today the successful implementation of the Company’s name change from smarTVideo™ Technologies, Inc. to uVuMobile™, Inc. (pronounced “you-view”). The Company will officially begin trading under its new ticker symbol, UVUM.OB, on Monday, June 4, 2007.

“The name uVuMobile™ captures the direction of our industry and emphasizes our Company’s presence in the business. The mobile device is no longer just a person-to-person communication tool, but the screen on which consumers view or ‘vu’ the world,” said Dave Ross, Interim Chief Executive Officer and President of uVuMobile™. “With the name change process complete, we continue to devote our full attention to building out the corporate brand, carrier relationships and new product offerings.”

In February of this year, the Company announced Mobilecasting™, a new proprietary mobile platform delivering innovative, interactive audio and video-based wireless applications. Since then, uVuMobile™ has announced an exclusive agreement with America’s largest radio network, Westwood One, to leverage the uVuRadio™ Mobilecasting™ Platform, along with deals to bring prestigious programs such as The Dennis Miller Show and Notre Dame College Football broadcasts to mobile.

About uVuMobileTM

In implementing its vision for doing business in the mobile marketplace, the Company plans to offer entertainment brands, carriers, developers, aggregators, distribution partners and other players in the mobile value chain, a full suite of products and platforms including backend media hosting, application development, mobile marketing, messaging, content aggregation, billing, advertising and other services directed towards the mobile business-to-business market.

Capitalizing on the ever-increasing demand by consumers for personalized and interactive entertainment, the Company also enables consumers to obtain their entertainment and media anywhere, anytime to select media-enabled devices with the smarTVideo™ subscription service. For additional information, please visit http://www.uVuMobile.com.

Item 8.01 Other Events.

On July 16, 2007 (the “Effective Date”), uVuMobile, Inc. f/k/a SmartVideo Technologies, Inc. (the “Company”) entered into a General Release and Settlement Agreement (the “Agreement”) with the Hamouth Family Trust and Rene Hamouth (the “Claimant Parties”) related to the Company's alleged wrongful refusal to issue new stock certificates without restrictive legends for 800,000 shares of stock owned by the Hamouth Family Trust and a judgment against Rene Hamouth in favor of the Company in the amount of $172,325.32. Pursuant to the Agreement, the parties agreed that the Company will issue 3,000,000 shares of the Company’s common stock, par value $0.001 (the “Settlement Shares”) to the Hamouth Family Trust within six business days following a determination by the Chancery Court that the issuance of such common stock is fair, reasonable, and adequate to the Hamouth Family Trust (the “Judicial Determination”). The 3,000,000 shares of the Company’s common stock will be issued in reliance on the exemption from the registration requirements of the Securities Act of 1933, as amended (the “Act”), provided by section 3(a)(10) of the Act. In the event the Chancery Court declines to make the Judicial Determination, the Hamouth Family Trust has certain specified registration rights relating to the Settlement Shares.

The agreement also requires (i) the Company to pay $50,000 to the Hamouth Family Trust on the Effective Date, (ii) the Company to pay $50,000 to the Hamouth Family Trust on the 30th day following the Effective Date, (iii) the Company to pay $300,000 to the Hamouth Family Trust within 30 days after the closing of an equity financing transaction, provided that the Company completes such transaction within 120 days of the Effective Date. In addition, the agreement requires the Company to (a) cause 800,000 shares of the Company’s common stock currently owned by the Hamouth Family Trust to be re-issued without restrictive legends within six business days of receipt of the certificates representing such shares of common stock and (b) release a judgment in the amount of $172,325.32 it holds against Rene Hamouth.

In exchange for the payments and actions described above, the Agreement provides for a release of the Company and each of the owners, stockholders, predecessors, successors, directors, officers, employees, representatives, attorneys, subsidiaries, and affiliates of the Company from all charges, claims, liabilities, agreements, damages, causes of action, suits, costs, losses, debts and expenses of any nature by the Claimant Parties. The Agreement further provides for a release of the Claimant Parties and each of the trustees, representatives, attorneys and affiliates of the Claimant Parties, and all persons acting by, through, under or in concert with them from any and all charges, claims, liabilities, agreements, damages, causes of action, suits, costs, losses, debts and expenses of any nature by the Company. The Agreement also provides that neither the Company nor the Claimant Parties will file or pursue certain specified claims, grievances, complaints, lawsuits, or arbitrations.

This Prospectus Supplement No. 3 (this “Prospectus Supplement”) supplements the prospectus dated April 12, 2007 relating to the offer and sale by the selling stockholders identified in the prospectus of up to 32,385,904 shares of our common stock (the “Prospectus”).

This Prospectus Supplement updates information in the “Selling Stockholders” section of the Prospectus, as amended by Prospectus Supplement No. 1 dated May 14, 2007 and Prospectus Supplement No. 2 dated May 17, 2007, and must be read in conjunction with the Prospectus, as amended.

The purpose of this Prospectus Supplement is to amend the “Selling Stockholders” section beginning on page 13 of the Prospectus in order to reflect a correction in the name of a selling stockholder named in the Prospectus to Michael S Goldman & Rachel S Goldman Joshua Goldman & Jessica Goldfine TTEES U/A DTD 2/14/01 Goldman Family Revocable Trust and the substitution of Michael S Goldman & Rachel S Goldman Joshua Goldman & Jessica Goldfine TTEES U/A DTD 2/14/01 Goldman Family Revocable Trust as a selling stockholder. Except as amended by this Prospectus Supplement, the “Selling Stockholders” section of the Prospectus is not affected by this Prospectus Supplement.

Shares of our common stock are traded on the Over the Counter Bulletin Board (“OTCBB”) under the symbol UVUM.OB. On July 10, 2007, the closing sales price of our shares of common stock on the OTCBB was $0.15 per share.

I should clarify that it's not BK yet, the company is just hinting at the idea...

SBSH is a very aggresive bidder here...

.072 X .08

Yep AUTO has not popped back up since before 1:00...

You read any of the rumors over on the RB board SMVD (old Symbol)

.085 X .09

Huge wall at .10, now if that falls...