Scio Diamond Technology (fka SCIO)

[rooster24]

Looking good here again - once this goes over a dollar, how quickly i can run to $2!!

[starkd748]

Still here she's pretty

[1center]

Wow, out most @.44c shoulda followed my own advice...
See post 111. Not all bad though, in @19c and 22c

They will need a home run to sustain this pps
Overvalued here IMO with the info I have.

[NathanH]

So u still have some here?

[WMDPH]

Scio Diamond pins turnaround hopes on fancy stones

http://www.gsabusiness.com/news/53212-scio-diamond-pins-turnaround-hopes-on-fancy-stones?rss=0

[WMDPH]

New York Times Article:
http://www.nytimes.com/2014/11/18/style/international/purveyors-of-grown-diamonds-seek-acceptance.html?_r=0

[WMDPH]

I noticed in August's 10-Q that the upper bound for expansion was revised northward. And, if I'm not mistaken, it was reported that former CEO Mcmahon is consulting for Grace Rich.

"On September 16, 2013, the Company entered into the Grace Rich Agreements with SAAMABA, LLC and S21 Research Holdings to form a joint venture with operations in the PRC to deploy 100 Scio designed diamond growing machines. The agreements allow for the expansion of the joint venture to over 500 machines. Under the Grace Rich Agreements, the Company has agreed to license its proprietary technology for the manufacture of diamond gemstones of agreed upon specifications. In exchange for the license, the Company will receive licensing and development revenue and a minority ownership position in the joint venture. In addition to the licensed technology, the Grace Rich Agreements include obligations for the Company to provide and be compensated for technology consulting services to the joint venture to support the start-up of operations. "

[1center]

The China JV was to startup in summer 2014 by eestimates of the
Old management. What's up with that anyone heard reason for delays??

new entity is estimated to begin producing diamond in the summer of 2014
http://ih.advfn.com/p.php?pid=nmona&article=59240258

[aries4747]

Scio Diamond Technology Corporation Announces Credit Facility Extension - Equity Investments Made by Members of its Board of ...


GREENVILLE, SC, Oct. 22, 2014 /PRNewswire/ - Scio Diamond Technology Corporation (OTCBB: SCIO) (hereinafter "Scio Diamond" or the "Company") a manufacturer of lab-grown diamond for the gemstone and industrial marketplace, announced today that it has extended its credit facility with Platinum Capital Partners, LP.

"The extension puts Scio Diamond in good standing on all terms and conditions of its credit facility. Platinum has been a strong financing partner for Scio Diamond and the extension shows their confidence in management and the Company's direction," said Jonathan Pfohl, Scio Diamond Chief Financial Officer.

In addition to extending its credit facility, the Company is pleased to announce that three members of its Board of Directors: Bern McPheely, Chairman, Bruce Likly, Vice Chairman and Lewis Smoak have each made recent equity investments in the Company. "These investments show strong confidence by our Board in our current business plan, performance against goals and strategic direction," said Gerald McGuire, Scio Diamond President and Chief Executive Officer.

About Scio Diamond Technology Corp

Scio Diamond employs a patent-protected chemical vapor deposition process to produce high-quality, single-crystal diamonds in a controlled laboratory setting. These are known as "lab-grown" diamonds. Lab-grown diamonds are chemically, physically and optically identical to "earth-mined" diamonds. The Company's manufacturing process produces high-quality, high-purity, single-crystal colorless, near colorless and fancy colored diamonds.

Scio's technology offers the flexibility to produce lab-grown diamonds in size, color and quality combinations that are rare in earth-mined diamonds. Additionally, Scio is capable of producing diamonds that have the structural, optical and electronic properties needed for advanced industrial, medical and semiconductor applications. For more information please visit the company website at www.sciodiamond.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Scio to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements. Forward-looking statements, which involve assumptions and describe future plans, strategies and expectations of the Company, are generally identifiable by use of the words "may," "will," "should," "could," "would," "forecast," "potential," "continue," "contemplate," "expect," "anticipate," "estimate," "believe," "intend," "or "project" or the negative of these words or other variations on these words or comparable terminology. These forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that these projections included in these forward-looking statements will come to pass. Actual results of the Company could differ materially from those expressed or implied by the forward-looking statements as a result of various factors. Except as required by applicable laws, the Company has no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.

SOURCE: Scio Diamond Technology Corporation

For further information: Gerald McGuire at [e-mail], 864.751.4880



SOURCE Scio Diamond

Copyright 2014 PR Newswire

[aries4747]

SCIO files 8-K

http://ih.advfn.com/p.php?pid=nmona&article=64134599&symbol=SCIO

[KingKwah0084]

This Stock Is The Future!

[1center]

$SCIO Scio Diamond Technology, #Greenville SC..IMO long term hold.
The start up of the China JV should give the stock a
boost and help them in becoming a profitable Co.
They expect start up sometime this summer.

Also if the technology keeps evolving as it has been,
and the Greenville facility keep ramping up production
This would help in the future with the anticipated
Profits of the Company.

I'm also glad the the Company have resolved the Shareholders
BOD issue. Let's Go SCIO.

[1center]

$SCIO..50s getting hit nice :)

[1center]

Articles..$SCIO Diamond board hints at 1st shareholder meeting later this year.
Published April 30, 2014

http://www.gsabusiness.com/news/51253-scio-diamond-board-hints-at-1st-shareholder-meeting-later-this-year


Unhappy Scio shareholders react to board’s ‘poison pill’

Published April 21, 2014
http://www.gsabusiness.com/news/51156-unhappy-scio-shareholders-react-to-board-rsquo-s-lsquo-poison-pill-rsquo

[1center]

$SCIO..SCIO Diamond Technology Corp., Reports 49% Increase in Diamond Production Year-Over-Year for Fiscal 2014
GREENVILLE, SC, April 29, 2014 /PRNewswire/ - Scio Diamond Technology Corporation (OTCQB: SCIO) (hereinafter "Scio" or the "Company") is pleased to report a 49% increase in diamond production for fiscal year ended March 31, 2014. Scio manufactured over 23,000 rough carats in the Company's Greenville, SC facility. This is a 49% increase over the previous fiscal years production, which commenced in Greenville in 2012.

Additionally, the Company observes the reliability of production runs has become more consistent with regard to production duration, a key-manufacturing metric. Production runs are now nearing Scio's internal targets for duration and product reliability. During 2014, Scio began replacing older equipment with new reactors and upgrading production software to ensure consistent growth patterns. As production reliability and product quality has improved, Scio's product revenue yield increased and customer base expanded.

Scio continues to upgrade production platforms to meet increased demand. On April 14, 2014, Scio announced a significant technological breakthrough in its new 4" Diamond Growth Technology. The 4" Diamond Growth Technology produces Type IIa, Single Crystal CVD Diamond and will increase the production platform for SCIOs' entire product line by 100%, when all reactors are converted to the 4" technology.

Scio CEO Mike McMahon, stated, "While I'm pleased with our progress, there is still room for improvement and we aim to say focused. We have adapted a company ethos of continuous improvement to all of our manufacturing processes.

In related Company news, the Scio Board of Directors has set a tentative schedule for a shareholders' meeting during the Company's fiscal 3rd quarter. Scio intends to make a full financial report for its fiscal year ended March 31, 2013 in the Company's Form 10-K Annual Report file with the U.S. Securities and Exchange Commission no later than June 30, 2014.

About Scio

Scio employs a patent-protected chemical vapor deposition process to produce high-quality, single-crystal diamonds in a controlled laboratory setting. These are known as "lab-grown" diamonds. Lab-grown diamonds have chemical, physical and optical properties identical to "earth-mined" diamonds. The Company's manufacturing process produces high-quality, high-purity, single-crystal colorless, near colorless and fancy colored diamonds.

Scio's technology offers the flexibility to produce lab-grown diamonds in size, color and quality combinations that are rare in earth-mined diamonds. Additionally, Scio is capable of producing diamonds that have the structural, optical and electronic characteristics for industrial, medical and semiconductor applications.

http://www.sciodiamond.com/scio-diamond-technology-corp-reports-49-increase-in-diamond-production-year-over-year-for-fiscal-2014.html

[1center]

$SCIO..0.44 level 2 ask supper thin now

[1center]

$SCIO..0.40 +14.26% Nice News and progress Updates today.

SCIO announces the "Lease-a-Diamond Reactor Program," to meet burgeoning demand for "Lab-Grown" diamond.

http://www.sciodiamond.com/scio-announces-the-lease-a-diamond-reactor-program-to-meet-burgeoning-demand-for-lab-grown-diamond.html

http://investorshub.advfn.com/Scio-Diamond-Technology-SCIO-19749/

I had to look up..(burgeoning)..bur·geon·ing [ búrj?ning ]
growing quickly: growing or expanding rapidly
synonyms: growing, mushrooming, increasing, escalating, expanding, flourishing

[1center]

$SCIO..+16.67% nice day steady climb north.

[1center]

$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

[1center]

Article..New York Times..Chemical Vapor Deposition, Diamonds

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

[1center]

$SCIO.QB.. Scio Diamond Technology..Despite all the inside bickering between Bernard M. McPheely and group, and BOD, (see all filings, link at bottom) the facts are SCIO is on track with the growth plan both at its Greenville SC facility and the Grace Rich China JV in progress, to start up this summer.

Investors presentation Oct. 2013
http://www.sciodiamond.com/investors-news#

Are diamonds the new gold?
..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..... read more and see the TV interview with SCIO CEO Michael W. McMahon
http://www.sciodiamond.com/are-diamonds-the-new-gold.html
SCIO has the technology.

SCIO Announces Technological Breakthrough, Doubling Production to Meet Demand
http://www.sciodiamond.com/scio-announces-technological-breakthrough-doubling-production-to-meet-demand.html


Grace Rich China JV... in progress, to start up this summer.

Scio Diamond Announces Joint Venture for Gemstones
http://www.sciodiamond.com/scio-diamond-announces-joint-venture-for-gemstones.html

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


Company website: Scio Diamond Technology Corp...http://www.sciodiamond.com/

All news
http://www.sciodiamond.com/category/news

More Company info
http://www.otcmarkets.com/stock/SCIO/profile


All filings
http://www.otcmarkets.com/stock/SCIO/filings

A few other link of interest
http://web.greenvillechamber.org/All-Other-Miscellaneous-Nonmetallic-Mineral-Product-Manufacturing/SCIO-Diamond-Technology-Corp-17788
http://archive.constantcontact.com/fs165/1102600607693/archive/1115990165854.html

Some of this post contains my opinion only, so please as always you should do your on Research/DD
you can also contact the Company by phone, these guys do answer.
Heres to a great future..GO SCIO!!! 1c


Scio Diamond Technology Corporation
411 University Ridge, Suite D
Greenville, SC 29601
Office: 864.751.4880

[1center]

SCIO..Announces Technological Breakthrough, Doubling Production to Meet Demand. 4/14/2014

..This important milestone is a critical step in meeting demand in both the gemstone and industrial diamond markets...

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://ih.advfn.com/p.php?pid=nmona&article=61833693

[1center]

$SCIO..Are diamonds the new gold?

April 17, 2014 By ScioAdmin

http://www.sciodiamond.com/are-diamonds-the-new-gold.html

[1center]

$SCIO..Scio Diamond Technology..Recent SEC filings....
http://www.otcmarkets.com/stock/SCIO/filings

Out of all the filings recently between the 14% group and the Company Board of Directors, I don't think anyone here wants to devalue their shares.
I think everyone can see the value in Scio's evolving technology and growth going forward.
I'm just an independent/individual shareholder along for the ride, this has the potential to get really good this year, and years to come.

CEO Michael McMahon, and the SCIO team are doing a great job on the future plans.

From the Oct 2013 SCIO diamond Investors Presentation

Strategic plan to expand growing platform to 4” technology and to expand capacity to 60 reactors total. Potential funding from strategic with dedicated production for partner:
•
4” growing technology is being tested that will result in 70% increase in growing capacity
•
Expansion to 60 growers will increase revenue potential by 600%
•
Strategic partners potentially funding a portion of expansion capacity with dedicated production. Provides for competitive fixed gross margins and lower incremental cost of expansion
•
Limited need for incremental overhead expenditures as revenue increases, enhancing overall cash flow margins.

http://www.sciodiamond.com/#


April 14, 2014
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.
Michael McMahon, SCIO's CEO commented, "Since we started our operations in July 2012 using our 3" technology, we have known that we would have to continue to improve our production capability and yield to be competitive." Mr. McMahon continued, "Scio's goal remains to be the highest volume producer of Type IIa Single Crystal CVD diamonds in the world. This is another key step in achieving that vision SCIO can now meet growing demand from existing customers, increase revenues and, importantly, create new customer opportunities."

http://ih.advfn.com/p.php?pid=nmona&article=61833693


Grace Rich, China Joint Venture

The new entity is estimated to begin producing diamond in the summer of 2014.

http://ih.advfn.com/p.php?pid=nmona&article=59240258

More details on the Joint Venture
http://ih.advfn.com/p.php?pid=nmona&article=59305582

March 5,2014 Interview with CEO Michael McMahon

SCIO Diamond website.. http://www.sciodiamond.com/

more investor info..http://www.otcmarkets.com/stock/SCIO/profile

[1center]

Very nice news today. JV startup in June as well.
Looking good down the road ROI.

[1center]

$SCIO..0.22c..Scio Diamond featured on 21st Century Television
Mar.5,2014

[1center]

$SCIO..Level 2 thin next ask 7500@.25 then 7000@.40

[1center]

$SCIO..$750,000..to be paid to Scio..in six equal installments of $125,000 on January 1, February 1, March 1, April 1, May 1 and June 1 of calendar year 2014.

http://www.sec.gov/Archives/edgar/data/1488934/000110465913071421/a13-21090_18k.htm

GREENVILLE, SC, Sept. 17, 2013 /PRNewswire/ – Scio Diamond Technology Corporation (OTCBB: SCIO) (hereinafter “Scio” or the “company”) today announced that it has entered into product specific Joint Venture Agreement to produce Type lla, Single Crystal CVD diamond for a specific gemstone market....

http://www.sciodiamond.com/category/news

[1center]

$SCIO..#SCIO Diamond volume coming in.. http://www.sciodiamond.com/investors-news

[1center]

$SCIO..Texas Governor Rick Perry..visits with..SCIO Diamond..

Dec. 2013
When Texas Governor Rick Perry realized he'd have two open hours to fill between speaking engagements in the Upstate, he asked to tour the NEXT Innovation Center and meet with enterpreneurs. He got the full tour, including visits with
Selah Genomics, SCIO Diamond, and The Iron Yard. NEXT leaders convened 20 NEXT CEOs and business leaders for a roundtable discussion. The group talked about economic development strategies employed in Texas including the Texas Emerging Technology Fund that invests in early-stage companies as they commercialize emerging technologies.
http://archive.constantcontact.com/fs165/1102600607693/archive/1115990165854.html

Mark Miner..Senior Advisor to @GovernorPerry shares a tweet/pic
https://twitter.com/mark_miner/status/408249293255213056/photo/1

NEXT is the Upstate Portal serving high impact technology ventures through client service, infrastructure development, and public advocacy......
http://www.nextupstatesc.org/members.php
http://www.nextupstatesc.org/about.php

NEXT Client.. SCIO Diamond, USA
Is the real disruptive technology innovation of cultured diamond for the industrial world, mass production. Throughout the last six or seven decades man has produced, in one shape or another, man-made diamond. It has many names including cultured diamond, lab-grown diamond, man-made diamond, HPHT, CVD, etc. Some have even attempted to place CZ into this category. As is the case in most industries, only a few survive. Those companies that are surviving today, few that they are, can truly make diamond. Not natural diamond, not pretend diamond, but REAL DIAMOND. While some producers have the ability to make beautiful gemstones in varying colors and grades, the industrial need for diamond is almost beyond belief. Through research and development efforts around the world, hundreds, if not thousands, of brilliant scientists and PhDs have developed a multitude of uses for diamond in the industrial and commercial arenas. More are being developed every day.
http://www.nextupstatesc.org/company.php?id=178

NEXT Innovation Center
411 University Ridge
Greenville, SC 29601 USA
http://www.nextupstatesc.org/company.php?id=91

SCIO Diamond Technology Corp. - Greenville Chamber of Commerce
http://web.greenvillechamber.org/All-Other-Miscellaneous-Nonmetallic-Mineral-Product-Manufacturing/SCIO-Diamond-Technology-Corp-17788

SCIO DIAMOND TECHNOLOGY...Website
http://www.sciodiamond.com/

Other Company info OTCmarkets.. http://www.otcmarkets.com/stock/SCIO/company-info

[1center]

$SCIO..SCIO Diamond Technology Corp.. Recent Articles

Feb 26, 2014

GSA Business..The Business Journal for Greenville, Spartanburg & Anderson
Scio Diamond narrows quarterly loss

http://www.gsabusiness.com/news/50591-scio-diamond-narrows-quarterly-loss?rss=0

SCIO..SEC Filing Form 10Q 02/14/14
http://www.sec.gov/Archives/edgar/data/1488934/000110465914010642/0001104659-14-010642-index.htm


Feb 14, 2014

GreenBiz.com
5. Lab-created diamonds shine
Man-made, lab-grown diamonds that can be created in days rather than millions of years are a promising alternative to earth-mined diamonds and their many inherent problems. Lab diamonds are identical in all respects to the highest quality diamonds mined from the earth, with little environmental impact, compared with earth mining.
Mike McMahon, CEO of the Greenville, S.C.-based Scio Diamond, says his company uses a proprietary process called Chemical Vapor Deposition (CVD) to manufacture high-quality Type IIa single-crystal diamond for use in electronics, optics, biotechnology and gemstones.
For the jewelry industry, Scio Diamond creates many hues of diamond: colorless or near colorless, through the entire diamond color spectrum as well as yellow, pink and various shades of brown.
While McMahon wouldn't discuss the cost structure of his product, he says most lab-grown diamonds for gemstones are less expensive than earth-mined ones.
Due to high demand, Scio Diamond's manufacturing facility is up and running all day and night, only shutting down two days per year for maintenance. He said power is the company's largest raw material.

"Our air from chemical usage when we clean the diamond is scrubbed in our fume hoods and non-toxic when it reaches the environment through exhaust," McMahon said. "Our liquid waste is completely neutralized before being discharged. We do have couple of chemicals that we use in very small portions, about a Mason jar full each day. Those are captured, contained and disposed of by a licensed environmental company."
http://www.greenbiz.com/blog/2014/02/14/5-ways-jewelry-becoming-cleaner-and-greener

SCIO Diamond..website.. http://www.sciodiamond.com/

[1center]

$SCIO..Scio Diamond Technology.. I Started a position here today looks good longer term.

http://www.sciodiamond.com/

Scio Diamond Announces Joint Venture for Gemstones

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/category/news

8K Sept 2013

http://www.sec.gov/Archives/edgar/data/1488934/000110465913071421/a13-21090_18k.htm

[enigmatic]

I was just watching a scio diamond video. Looks like 3d printing on a molecular level to me. I'm in.

[kranthikumar]

SCIO is up by 125%

[FALCON1]

GREAT NEWS TODAY !!! It's about time SCIO !!!

http://ih.advfn.com/p.php?pid=nmona&article=59240258


GO SCIO !!!!

[FALCON1]

Who knows exactly what happened during the last quarter that resulted that revenue? Obviously, they didn't meet their production rate as claimed in their website for variable reasons: maybe some machines broke down?; maybe time for preventive maintenance?; maybe lack of manpower?; problematic staff?; power outages?; just to name a few. These factors affect production output leading to loss in revenue. As far as inventory, obviously the value drops when you ship products out the door. It makes sense to me. Cheers !!!

[stevenhs]

Trying to reconcile production with revenue. On their website Scio is claiming production of 600 rough single crystal carats per week. That would be 7800 carats per quarter. Revenue from Scio's latest 10-Q is $259K. That is $33.20/carat. And production is not going to inventory either. Value of inventory actually dropped from the last quarter from $539K to $356K. This just doesn't make any sense.

[aries4747]

Here's the whole "Built in America" episode

A profile of Liberty Safe starts the show and the Scio Diamond presentation starts at 10:20 of the link.

[FALCON1]

Previous "Built In America" scio diamond video in Youtube had been remove/reset...

here is the latest:

!


SCIO

[FALCON1]

I checked on Centaurus, and it appears they're not operational yet. For how long? No one knows. IMO, the synthetic diamond industry is not yet in its fullest so competition is not an issue. However, the earlier you start capturing the market the better.

GLTU

[FALCON1]

Company is still in its infancy. However, it is in operation producing lab. grown (synthetic) diamond.

Since start of operation in July 2012, with less than 10 growing reactors, they were able to produce 275 carats per week for the 1st Quarter (July - Sept. 2013). During the last quarter they exceeded 600 carats per week. For the 9 months (July - March 2013) they were able to produce about 15000 carats. All these for just less than 10
reactors. Accordingly, their initial target of 100,000 carats per year is in the works while developing more ways in increasing production outputs through their R&D Facility in MA.

IMHO, this is a great company in the making. Fundamentally impressive.

http://www.sciodiamond.com/

SCIO ....

[wymont]

possibly because of ctdt, centaurus, coming on line....

[QServus]

So what's so speshul about this stock???

[aries4747]

I think we might see a nice bounce from .35, but the company needs to put out some kind of PR, IMO.

[Corny]

HMMMM, what do you think. I like what the company does . I like the fact that it is "Made in America ". BUT...... I think for now I will take what little I have and park it somewhere else

[aries4747]

The litigation was dropped...

http://www.sec.gov/Archives/edgar/data/1488934/000110465912077381/a12-20519_110q.htm
From 10-Q:

NOTE 10 — LITIGATION


The Company, certain directors and others were served with a complaint in August 2012 filed by a former shareholder of ADI. The complaint alleged certain security and other law violations in connection with the ADI Asset Purchase (see note 2). The claimant sought damages to be established at trial and did not specify monetary damages. The complaint was voluntarily dismissed by the plaintiff on September 14, 2012.



END NOTES TO FINANCIALS

[Corny]

Thank You, I am glad I read that when I did. I think I will now cancell my buy order and move onto something else, but keep this in the corner of my eye

[aries4747]

Here's the 8-K content

http://ih.advfn.com/p.php?pid=nmona&article=57654458


Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(a) On May 14, 2013, Bernard McPheely submitted a letter addressed to Scio Diamond Technology Corporation (the “Company”), in which he informed the Company of his resignation as a member of the Board of Directors of the Company (the “Board”), effective immediately. A copy of Mr. McPheely’s resignation letter is attached hereto as Exhibit 99.1.

Mr. McPheely submitted a second letter to the Board on May 14, 2013, which detailed his reasons for resigning. A copy of the second letter is attached herto as Exhibit 99.2. Attached as Exhibit 99.3 is an email from Mr. McPheely in which he clarified that the intent of his resignation was to be effective May 14, 2013, despite being dated May 13, 2013.

The Company believes Mr. McPheely’s primary disagreements with the Company relate to the Board’s response to recent correspondence from the Company’s former counsel sent after such counsel was terminated by the Company as securities counsel for cause late in 2012. The Company believes that Mr. McPheely’s resignation was motivated in part by his involvement in some of the underlying events that caused the Company to terminate its former counsel. The Company disagrees with the characterizations and positions taken by Mr. McPheely in his second letter, including certain statements that the Company believes to be factually inaccurate. In this regard, the Company urges investors and potential investors to review all of its public filings for the disclosures contained therein. The Company notes that many of the assertions referenced by Mr. McPheely were the subject of a lawsuit against the Company and other defendants, which was dismissed on September 14, 2012. Additionally, contrary to Mr. McPheely’s statements, the Board did consider the appointment of a special committee relating to the recent correspondence from the Company’s former law firm, and the Company has conferred with outside counsel to address such correspondence.


Pursuant to the requirements of Item 5.02 of Form 8-K, the Company has provided Mr. McPheely with a copy of this Form 8-K concurrent with the filing with the Securities and Exchange Commission today.

[aries4747]

Here's the text of the letter referenced in the 8-K

http://www.sec.gov/Archives/edgar/data/1488934/000110465913043228/a13-12801_1ex99d2.htm

E-mail: [e-mail]

RE: Resignation from the Board of Directors

Gentlemen:

I hereby resign from the Board of Directors of Scio Diamond Technology Corporation, Inc. (the “Corporation”). My resignation is effective immediately.

When I agreed to serve on the Board, I believed and expected the Board to fulfill its duties to act responsibly, with utmost good faith, and in the best interests of the Corporation and all shareholders. However, under the control of the majority directors and shareholders, the Board has not operated in this manner despite my efforts to get the Board to do so. I have voiced my concerns and objections to the Board’s improper acts and omissions repeatedly, and every effort has been rebuffed or ignored.


The memorandum circulated earlier today by the Corporation’s current CEO, Michael McMahon, is especially troubling for a number of reasons, including, but not limited to, the following: (1) It appears the Corporation’s CEO is attempting to raise short and long term cash infusions into the company when he may not know about the February 14, 2013 Nelson Mullins Report or the issues raised in that Report. As you know from my February 18 and February 21, 2013 letters to Board, I raised the issue of the need to disclose the Nelson Mullins report to Corporation’s officers and management and was expressly told by Ed Adams as Chairman of the Board that I could not do this and that only the Board as a whole could take such action, which it has refused to do. (2) The Corporation apparently now needs an immediate infusion of cash, yet


nothing has been done to address the serious questions raised in the Nelson Mullins Report. At the March 27, 2013 Board meeting, I submitted a resolution to appoint a special committee of the Board to investigate and act on the issues raised in the Report. This resolution was not voted on by the Board, despite my calling the question. To my knowledge, nothing has been done to address the issues raised in the Nelson Mullins Report since that time. (3) It is my opinion, which I strongly urge on the Board, that the Corporation cannot solicit new funds for the Corporation, either from an investor or lender without disclosing all material information in that Report to any such potential investor or lender. (4) It appears from Page 9 of McMahon’s memorandum that Joe Lancia, and more troubling, Michael Monahan, are selling stock with the Nelson Mullins Report being unresolved. (5) It appears from Page 7 of McMahon’s memorandum that a private placement memorandum (PPM) has been prepared and is being used without my knowledge or without having been approved by the Board.


I am concerned about the level of information which may or may not have been provided to the Corporation’s securities counsel and auditors. Full disclosure is the only acceptable level of information to provide to the Corporation’s securities counsel and the auditors. If the information has not been provided already, I demand that a copy of the full Nelson Mullins Report and McMahon’s May 12 memorandum be provided to both securities counsel and auditors.



This letter is not intended as a complete or detailed list of all of the reasons for my resignation from the Board of the Corporation.


Sincerely,


/s/ Bernard M. McPheely




Bernard M. McPheely

[goforthebet]

thanks, I will try to find out more