Sparta Commercial Services Inc. (SRCO)

[Welcome2Pinkyland]

That 11th filing was a doozie. $SRCO

[StockingStuffer1000]

unfortunately it added the RS filing after that. i think it is gearing up for something else eventually in which case i'll play it again then

[Welcome2Pinkyland]

10 filings. Getting current. $SRCO

[everton44]

wrong again

[StockingStuffer1000]

damn

[elkonig]

Obviously this scam garbage ticker SRCO received the usual warning letters from the SEC with the threat of suspension if they didnt file their delinquent financials. He was spanked by the SEC years ago.

Now a 1 for 100 REVERSE SPLIT is on the books.

What a knee slapper!

[threewheeler]

yea I posted similar earlier had 3.9 toxic in filing I saw and this was .005-.006 and was like WTF dont anyone even read b4 buying, this will be trip ZZZs tomorrow unless no one on board reads the filing, ha

[EmptyBones]

SUPER scam.. LMAO look at the 10Q pos. This guy belongs in jail.. 160 dollars in cash BANK OVERDRAFT wtf 10 GRAND liabilities 3.5 mill.. long term liabilities 12 mill My god... Watch they will R/S then dump on all the sheeple

[threewheeler]

and here ur sign 100/1 R/S The Company’s Board of Directors unanimously recommended, and the Majority Stockholders have approved, a reverse split of 1 for 100 shares of the outstanding shares of Common Stock held by stockholders of record on the Effective Date. If, as a result of the reverse split, a stockholder is left with a fractional share, such fractional share shall be rounded to the nearest whole share. https://www.otcmarkets.com/filing/html?id=14266436&guid=tUrFUaH2vzRecyh

[StockingStuffer1000]

i think so too. we'll find out soon enough

[housebuyer]

Quite obviously. Something's up here. The guy is paving the way for some major news or something.

Sometimes you gotta stop looking at the rear-view mirror and look ahead.

[everton44]

and they all suck

[StockingStuffer1000]

10 filings

[megabandp]

New World Health Brands CBD is a product of iMobile Solutions, Inc. which is a subsidiary of Sparta Commercial Services, Inc. $SRCO

[everton44]

from bad to horrible to shit to done

[StockingStuffer1000]

8 filings now!

[StockingStuffer1000]

7 filings so far today, latest is for quarter ending 4/30/18

[EmptyBones]

LMFAO what a joke ha...

[everton44]

just spent that on their filings, lol

[EmptyBones]

Just wonderful 10Q out 200 bucks in the bank.. https://www.otcmarkets.com/filing/html?id=14265587&guid=6BVFUqzr1cAPA3h

[everton44]

more convertible debt holders now, have a nice day with that crap

[StockingStuffer1000]

horrible or not, i'm in. Something must be geared up if there's already 3 filings today

[everton44]

horrible filing i'm in

[everton44]

yikes, ty

[threewheeler]

Current portion notes payable net of discount of $108,877 and $347,072, respectively 3,903,339

[threewheeler]

3.9m in converts who trying to run this

[MichaelKane]

filing out that's why

[threewheeler]

wtf

[Werbe]

$SRCO, active company website. SEC new rule maybe coming. Could see some action.

52-Wk Range
0.001 - 0.0089

https://www.otcmarkets.com/stock/SRCO/profile

http://www.spartacommercial.com/

[DFRANK1970]

( SRCO ) New World Health Brands Announces the Addition of CBD Tablets to its Line of Products 9:18 AM ET 2/25/19 | Dow Jones


NEW YORK, NY / ACCESSWIRE / February 25, 2019 / Sparta Commercial Services, Inc. (OTC Pink: SRCO) announces the recent launch of a new product - CBD tablets - to their New World Health Brands CBD offerings. The company also has plans to expand its topical line to include additional skin care products such as lotions and serums to complement its existing line of salves and creams.

"Our tablet's formulation allows CBD to enter the bloodstream immediately when dissolved under the tongue, bypassing the digestive tract," says Sparta CEO, Anthony Havens. "Early positive customer feedback suggests that the tablets have been very well-received."

Havens reports that since his company launched New World Health Brands CBD in December, they have experienced encouraging expansion of its customer base. "We are beginning to see re-orders, which says a lot because people don't re-order what they don't like." He adds: "We are responding quickly to affiliate marketers and social media influencers who want to market our CBD products and the company has begun to seek other forms of retail distribution channels."

About Sparta Commercial Services Inc.

Sparta Commercial Services, Inc. (www.spartacommercial.com), through its subsidiary, iMobile Solutions, Inc., provides comprehensive vehicle title history reports to dealers, insurance companies, credit unions and consumers. Sparta, via its iMobileApp product (www.imobileapp.com), has also become a leader in developing and servicing custom mobile apps for a wide range of businesses including restaurants, liquor stores, racetracks, and clubs; as well as vehicle dealerships including Harley-Davidson(R) and John Deere. Other mobile communications products offered by Sparta include website design, development, hosting and SEO services, and a text messaging and alert service. Sparta's Municipal Leasing Division (www.spartamunicipal.com) offers and administers a specialized municipal leasing program for local and state agencies with jurisdictions seeking a better way to finance their growing essential equipment needs such as police motorcycles and cruisers, EMS equipment and busses, and any type of equipment a municipality requires. The latest product offering, via www.newworldhealthcbd.com, offers a full array of hemp-derived CBD products that include oils, topicals, capsules, tablets, pet and livestock tinctures.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are valid only as of today and we disclaim any obligation to update this information. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to potential future losses, competition, financing and commercial agreements and strategic alliances, seasonality, potential fluctuations in operating results and rate of growth, management of potential growth, system interruption, consumer and industry trends, limited operating history, and government regulation. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. Further information regarding these and other risks is described from time to time in the Company's filings with the SEC, which are available on its website at: http://www.sec.gov.

Company Contact:

Sandra L. Ahman

Corporate Secretary

Sparta Commercial Services, Inc.

[e-mail]

SOURCE: Sparta Commercial Services, Inc.

View source version on accesswire.com:

https://www.accesswire.com/536682/New-World-Health-Brands-Announces-the-Addition-of-CBD-Tablets-to-its-Line-of-Products

> Dow Jones Newswires

February 25, 2019 09:18 ET (14:18 GMT)

[sweetlou]

I’m optimistic at the approach of SRCO to the CBD market.
- The applications of CBD are numerous. As one example Epidiolex (a purified form of CBD) is FDA approved for treatment of seizures associated with Dravets and Lennox-Gastault syndromes.
- Despite the promise of CBD, it is important to avoid some pitfalls, as illustrated by Charlottes Web, a CBD supplier with established market share receiving a warning letter from FDA for product claims: https://www.fda.gov/newsevents/publichealthfocus/ucm484109.htm
- SRCO appears to be approaching it’s CBD as an organically produced ‘pharmaceutical grade’ product which should realize the market potential by providing the concentration and other attributes that the CBD should have.
- With some of the other developments in the federal de facto legalization of hemp in the recently passed farm bill (see my previous post), it appears that SRCO is well positioned in a promising sector

[sweetlou]

Implications of Passage of farm bill and legalization of hemp production:

https://www.marketwatch.com/story/cbd-and-hemp-are-now-legal-in-the-us-so-what-does-that-mean-for-pot-companies-2018-12-20

My takeaways are as follows:
1. This news benefits companies with a CBD focus, not marijuana stocks. The definition in this legislation only covers hemp and derivatives containing less than 0.3% THC. Therefore it includes industrial hemp and CBD products, not marijuana itself.
2. CBD has documented medical research behind it with approval for treatment of seizures and is promising in many other areas.
3. While medical marijuana use has long been cited for mitigation of pain and nausea associated with cancer treatment, I suspect that many of those benefits will be shown from CBD, rendering the controversy of hallucinogenic side effects moot.
4. The regulatory aspects of marijuana are still in place and remain a significant hurdle for growth of marijuana focused stocks. That aspect gives me pause in jumping into the marijuana specific investment sector despite the current excitement.
5. In contrast, the CBD sector has most of the promising developments, a backdrop of documented medical research, without the controversy of hallucinogenic effects and the accompanying regulation.

The passing and signing of the farm bill (link above) removes residual uncertainty in regulatory response to all aspects of CBD production and is a significant development for well positioned participants in the CBD sector. A subsequent post will address how I view SRCO to be well positioned in the CBD sector.

[bcnuby1]

Been holding for a while now. Nice to see the business expanding into the CBD market and it should reflect positively in the pps. GLTA!

[sweetlou]

Up today on good volume following yesterday’s news


NEW YORK, NY / ACCESSWIRE / December 11, 2018 / Sparta Commercial Services Inc. (OTC PINK: SRCO), a provider of e-commerce services, announces the launch of New World Health Brands CBD (www.newworldhealthcbd.com), a distributor of premium grade hemp cannabidiol products.

The product line includes: capsules, oils, tablets, balms, pet and livestock tinctures. Sparta has created consumer-facing e-commerce platforms (website & mobile app) for New World Health CBD to offer full-spectrum hemp cannabidiol (CBD) products, in addition to an affiliate program to further promote our brand.

"We are very excited to enter the growing cannabidiol market with a wide variety of CBD products," says Anthony L. Havens, Chairman & CEO of Sparta Commercial. "Management has been working to expand distribution, and to develop a diverse range of products that will provide consumers a variety of ways to achieve their wellness goals."

[Warchest]

close strong ...

[sweetlou]

News Out-- CBD Platform launched

NEW YORK, NY / ACCESSWIRE / December 11, 2018 / Sparta Commercial Services Inc. (OTC PINK: SRCO), a provider of e-commerce services, announces the launch of New World Health Brands CBD (www.newworldhealthcbd.com), a distributor of premium grade hemp cannabidiol products.

The product line includes: capsules, oils, tablets, balms, pet and livestock tinctures. Sparta has created consumer-facing e-commerce platforms (website & mobile app) for New World Health CBD to offer full-spectrum hemp cannabidiol (CBD) products, in addition to an affiliate program to further promote our brand.

"We are very excited to enter the growing cannabidiol market with a wide variety of CBD products," says Anthony L. Havens, Chairman & CEO of Sparta Commercial. "Management has been working to expand distribution, and to develop a diverse range of products that will provide consumers a variety of ways to achieve their wellness goals."

[SPARK]

$SRCO..nice news here!~

[Warchest]

ask getting thin ...!!!

[The Night Stalker]

agreed

[sweetlou]

Might be soon. The situation looks promising with additional possibility of share price catalysts

[Warchest]

waiting for .01 break !! not much longer imo

[sweetlou]

As you pointed out in your last several posts, SRCO appears to have developments on several fronts.
1. Leasing business to municipalities is going along fine and gives some underlying share value.
2. Mobile app business is expanding significantly and with their Autotrader and other relationships will be a big source of revenue growth. I’m surprised that the August Autotrader announcement resulted in relatively minimal share price movement.
3. You had an excellent find regarding the CBD platform. I followed your link to newworldhealth and confirmed that it is listed as a subsidiary of Sparta. Obviously any that are familiar with recent trends know that the CBD sector is understandably hot in terms of business opportunity and very promising from a medical perspective. There is current published research showing efficacy of CBD in epilepsy, and specifically in 2 syndromes where severe refractory seizures are an issue. Of course CBD shows promise in many medical applications as well, the point being it is backed by published research unlike solely anecdotal claims associated with many supplements.
While I don’t see any formal announcement on CBD the information in the link is clearly associated with Sparta and could be a significant catalyst.
4. In light of the above it makes sense to get the financials in order and audited.

In all, I’m very encouraged about SRCO’s developments. Thanks for your DD.

[Warchest]

ask thinning up ~

[TOUCAN]

so far we know of 2 catalysts coming

1. Filings on OTCMarkets, get current
https://investorshub.advfn.com/Sparta-Commercial-Services-Inc-SRCO-12693/

2. New World Health CBD
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145204896

$SRCO

[TOUCAN]

$SRCO Vendors - Sparta Commercial Services’ Municipal Leasing Program https://spartamunicipal.com/index.php/vendors

[TOUCAN]

$SRCO check this out!

Companies under (imobileapp subsidiary)

#AutoTrader Deal!
https://finance.yahoo.com/news/motorcycles-autotrader-now-offers-motorcycle-130000355.html

https://www.cyclechex.com/
https://www.rvchecks.com/
https://www.truckchex.com/

I just found this over the weekend
https://www.carvinreport.com/

Cyclechex Partnerships:
Kelly Blue Book
DMV.org
Allstate

[TOUCAN]

yep.

and this...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145204896

[Rob~daBanca]

That is a great catalyst for this ticker.
$SRCO

[TOUCAN]

re: $SRCO hired a new auditor for filings

"We are also pleased to announce the appointment of Boyle CPA, LLC as our new auditor with the intent of completing the financials and audit to become compliant with regulatory reporting requirements" https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145190594

[TOUCAN]

good morning...