I was surprised too but it worked out well for me since I was also wanting to add today.

If news is as rumored this should be a big winner

Revenge Designs a.k.a. Southern Cosmetics Updates Investment Community
BusinessWire - November 28, 2007 11:40 AM E


Revenge Designs, presently operating within the public company name Southern Cosmetics, Inc. (Pink Sheets:SHCM) announced today that the company's Board of Directors recently authorized four million (4,000,000) shares of the company's common stock to be bought back.

The company recently completed the acquisition of the four million (4,000,000) shares and those shares will be sent to the transfer agent for immediate retirement and returned as treasury stock. The number of shares outstanding will be reduced accordingly upon being retired and returned to treasury by the transfer agent.

Though not intended to constitute an offer to sell or a solicitation of an offer to buy securities, the company reserves the right to buy back the company's common stock from time to time. The company may seek to make additional purchases in the future and will keep the investment community updated appropriately.

Company management believes the future holds much promise and looks forward to keeping investors updated as material events unfold in the days and weeks ahead.

Revenge Designs, a specialty car designer and manufacturer, is headquartered in a facility in N.E. Indiana. Mr. Peter Collorafi is a car designer from Queensland, Australia. Peter has been designing and installing modifications for factory produced vehicles since 1980. For more information about Revenge, please visit the company's website located at http://www.revengedesignsllc.com

In the near future, Southern Cosmetics, Inc. will request a change in name to reflect the new direction of the company and Revenge's new management and leadership role at the helm of the public entity.

currently taking a hit. what happened with this?

That is one strange response to a recently reverse merge company that announces-INSTEAD OF DILUTION OR PAINFUL REVERSE SPLIT-a stock buyback which reduces float and enhances shareholder value. The freaking thing dropped 25% on what I would call positive news for a R/M start-up. I wish I could come up with some rational reason to explain that response. If you look at the news, it just about guarantees that no funny stuff is happening here, yet the pps plunges. I just don't get it here at all with this reaction.
I was working all day and when I got here and saw the days results, I was frankly stunned myself. I would have definitely been adding more on this one. I guess I should know better in pinkie land even with a company that appears to be making all the right moves for shareholders, yet is getting pounded.

I am still holding on to my position and hoping for a rebound the rest of the week. I am not, I repeat -am not- holding my breath that Friday's PR will do anything either if this news did not help the pps--but I still believe this is a sound play that should rebound from this bizarre response to good news.

As Spock would say-"Captain, that just isn't logical"

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fz4fun

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It's only money----but try not to lose it, OK?

I agree 100%. As I said to FZ by pm I really think the news was overhyped at Ihub and when it wasn't revenue or agreements people got shook from the tree.
The news was good but it was being touted as (jaw dropping and mind blowing

I'm still holding all and actually added some today so we will see what happens

Fz have you seen this article: http://websearch.cs.com/wm/boomframe...d7004cac99.prt

This info just posted on another board
(I'm not real surprised either)

SHCM on SHO list :0)!!http://www.nasdaqtrader.com/aspx/regsho.aspx

With last weeks daily volume, it makes sense.

Despite mgmt claims of no dilution, the MM's are shorting this sucker right now.

Stay tuned for PR this AM and keep the finger on the trigger just in case

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fz4fun

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It's only money----but try not to lose it, OK?

I did read and would love to take that beast for a ride some day. MAybe if this sucker pans out, I can buy one with the profits


Wait for the bell and let's see

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fz4fun

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It's only money----but try not to lose it, OK?

Give us news.........

REally starting to smell bad here........so many people so sure of the PR on this one and now all of a sudden.....flopping like a fish on the shoreline.


Testing my faith on this one now. We shall see

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fz4fun

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It's only money----but try not to lose it, OK?