Scio Diamond Technology (fka SCIO)

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$SCIO..Scio Diamond Technology..a small group of dissident stockholders.

Apr. 22 2014 PR
http://www.sciodiamond.com/scio-diamond-technology-corporation-comments-on-consent-proposed-by-small-group-of-stockholders.html

Exerpt
..As an initial matter, the Company notes that the consents solicited by the group are not permitted under the Company’s bylaws and will have no effect. As a result, the Company requests that stockholders not participate in the solicitation efforts by the group. This small group is principally made up of people who have sued the Company and its Board of Directors earlier and those matters were dismissed...


IMO the small group of stockholders are becoming the itchy tag on my T-shirt.

Exerpt
McMahon also stated “the proposals and maneuvers like this one by anyone, cause the Company to incur additional unnecessary costs, that we just cannot afford, and are detrimental to all of our shareholders.”


IMO.. with a little patience I think all will be rewarded in the future,

McMahon stated “under the current Board’s leadership, we are advancing our technology for the mass production of diamonds, while we continue to explore the huge potential of our awesome technology. The Company continues its efforts to increase value by creating joint ventures, licensing technology, increasing sales, lowering overhead and operating costs, increasing revenue, lowering capital costs and dramatically improving our technology, as shown in our recent press release on 4” technology.”

IMO..The Company is executing there growth plan well.

SCIO Announces Technological Breakthrough, Doubling Production to Meet Demand
April 14, 2014 By ScioAdmin
Exerpt
The 4? Diamond Growth Technology produces Type IIa, Single Crystal CVD Diamonds and will increase the production platform for all of SCIO’s product lines. This important milestone is a critical step in meeting demand in both the gemstone and industrial diamond markets. Type IIa, Single Crystal CVD Diamonds are the rarest kind of diamond and occur naturally in the earth. They are mined primarily in sub-Saharan Africa. SCIO lab-grown diamonds offers the highest quality diamonds, a predictable supply profile and an ethical alternative to “Conflict Diamonds” mined in the developing world.

Today’s announcement marks a acceleration in SCIO’s production plan, now running 6-months ahead of schedule. The 4? production platform improves on the 3? platform and enables the Company to produce over 100 crystals per machine. This is a near doubling of SCIO’s already industry-leading capacity but with minimal increase in cost.

http://www.sciodiamond.com/scio-announces-technological-breakthrough-doubling-production-to-meet-demand.html

Grace Rich China JV
Scio Diamond Announces Joint Venture for Gemstones
September 17, 2013 By ScioAdmin
Scio is providing its patented CVD Diamond Technology to the Joint Venture through a licensing agreement that provides Scio with both an equity position and licensing revenues. Scio’s partners are responsible for providing the Joint Venture funding as well as associated technologies. “This venture affirms the acceptance of Scio’s technology platform and our proven ability to mass produce quality diamond, by two of the industry leaders in their respective fields”, says Michael McMahon, Scio’s CEO.
The new entity is estimated to begin producing diamond in the summer of 2014. “This is a significant time in the history of Scio Diamond”, said McMahon. “We have spent our first year of operations focused on the mass-production of high quality diamond, which has now been recognized”.

http://www.sciodiamond.com/scio-diamond-announces-joint-venture-for-gemstones.html

JV 8k more detailed
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9518616


Some other links to note.. SCIO and the CDV Diamond market.

Article..New York Times..CDV Diamonds

http://www.nytimes.com/2014/04/20/business/when-diamonds-are-dirt-cheap-will-they-still-dazzle.html?_r=0

Exerpt
In significant ways, the new cultured stones are actually better than many mined diamonds. The Gemological Institute of America classifies them as colorless or near colorless Type IIa stones, a premium category that includes only 2 percent of natural diamonds. The new stones also sidestep environmental and human-rights concerns that have plagued mined diamonds in recent years.

Also in this Article.. chemical vapor deposition..Note the Arthor..
http://www.gia.edu/news-research-CVD-grown-part1

About the Author
Dr. Robert Linares is owner of the consulting firm Integrated Diamond Technologies, LLC. An expert in crystal growth technologies, he was co-founder of Apollo Diamond Inc., which produced some of the first gem-quality CVD synthetic diamonds. Dr. Linares received the Department of the Navy’s 2002 Berman Award for breakthroughs in diamond-based quantum computing research and applications.
Dr. Robert Linares is a current member of the Board of Director at Scio Diamond technology.

http://www.sciodiamond.com/officers-directors


Are diamonds the new gold?
April 17, 2014 By ScioAdmin
Exerpt
According to the 21st Century Television’s news report, man-made diamonds open up incredible possibilities. Natural diamonds may be one of the most sought-after gems in the world but they are also extremely expensive. Man-made diamonds may very well open up a new chapter in the history of diamonds.
http://www.sciodiamond.com/are-diamonds-the-new-gold.html

Always do your own research/DD some of this post contain (IMO)
In My Opinion. 1c