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I think ALL SHORTS are in the process of covering.
So long as the sp continues to runup towards 52-wk highs, logic and the laws of statistics tell us that there will always be TUTs (and I say TUTs because in this situation, I still believe that it is not only suicidal but too cost prohibitive for retail to be shorting a penny stock down at .20) who will continue to take daily stabs at shorting because they believe that they have timed a top. It is no coincidence that the rise in daily short sales volume has occurred at around the same time as this runup.
As I’ve stated previously, so long as the sp either stagnates or continues to rise, attempts to short will ultimately benefit longs as every share shorted that does NOT have the intended effect of bringing the sp down now becomes impotent and now translates to an additional share that MUST BE PURCHASED in the future – and whether that future is intraday or a subsequent day makes no difference as bid support ALWAYS helps.
we heard about a short 2.6m Dec 15th to Dec 19th and since, the stock has exloded to upside, nearly doubled. Frankly, if short, they have not covered.
Again, not true. The TUTs are covering approx 90% of their short sales intraday, keeping them open for very brief windows of time because they recognize the inherent risk in shorting a penny stock.
As one example, using the first day of the 12/15/14 thru 12/19/14 period you referenced above, we see this on 12/15/14, the first day of the real run when the daily short sale volume began to really take off. From FINRA, we see that 690k shares were shorted on 12/15/14. BUT YET, by EOD 12/15/14, we now also see that the net open short position was only 52k shares. See link here:
This tells us that approx 640k of the 690k shares shorted DURING the 12/15/14 trading day were also covered DURING the 12/15/14 trading day, which is how the REMAINING net open short position dropped to only 52k by EOD 12/15/14. And keep in mind that this isn’t even counting the open short positions that were carried over from BEFORE 12/15/14 that were covered on 12/15/14, as these would also have been covered in order to arrive at the 52k net remaining open short positions number.
Since the net open short positions report is only produced semi-monthly, we will never know what exactly transpired on 12/16 or 12/17 or 12/18 or 12/19, but logic and common sense tell us that there is no reason to expect that the trading pattern changed significantly on these days relative to the behavior that occurred on 12/15.
Analyze the Trades and you will see that SHORT COVERINGS drove this PPS this high the last 4 trading sessions.
I concur that there has been significant short coverings ever since the run began. Although the covering has certainly helped, the ratio of “real buys” to buys related to short coverings has still been approx 2:1 in aggregate during this run, so I think that even w/o the short covering, we still would be in the middle of a quality run, albeit maybe sitting at .17x instead of sitting at .19x.
Did not see any major retail buying.
I actually think that there was more retail buying than most realize. I say this because it is predominantly retail who subscribe to Zacks as well as the multiple pennystock newsletters that recently ran profiles of SCRC (not to mention the fact that the TA/chart indicators all began screaming "BUY" at around the same time and these indicators are predominantly followed by retail), which coincided with the recent influx of buying interest.
To the extent that buying was NOT attributable to short covering by TUTs, it is my belief that the remainder of the buying was mostly retail. Any TUTs that were interested in buying in have already done so considering that the STE investor conference was over 60 days ago already; any additional TUT buying would most likely be after JAN’15 Main Ave numbers are PR’d as the expectation is that if JAN’15 numbers reflect that Main Ave is unaffected by the final phase of the new restrictions on compounded Rx’s, then this will more solidly prove the long-term viability of SCRC’s business model to TUT’s, who would then see less risk and be more willing to buy in. JMO though…
Major resistance at .21 plus.
For a while now, I had called for resistance to hit at .20 based primarily on the fact that there was a wall of approx 3.1M restricted shares that were priced at .14 that had unlocked earlier in 2014 but had been lurking in the overhang waiting for the sp to rise to at least .196 where, IMO, these .14 shares would become attractive enough to be “priced to sell”. And so far, based on the past few days, it appears that .20 has indeed been a resistance point in spite of heavy above average volume.
Although only a penny off from your .21, I am curious as to where you are getting your resistance number from? Strictly from TA/charts? I know that on barchart.com, it indicates 1st level resistance at .2084 followed by 2nd level resistance at .2179.
So bottom line it is not 22m at .055 plus 17m at prices between .09 to .20 equaling 39m. To be clear, only 22m shares at .055
So you are suggesting that BS Schneiderman and Jeffrey Andrews filed fraudulent and materially mis-stated 10-Q’s and 10-K’s with the SEC when these filings very clearly disclosed that there was much much more restricted stock that had not only been doled out for various purposes but have already unlocked throughout 2014?
The O/S count has almost doubled from the 72M at the start of Q4’13, with the overwhelming majority of this increase being in the form of issuance of restricted stock. You are essentially attempting to say that – aside from the 22M shares of the .05 PIPE stock held by JOSEPH ZAMPETTI and his core group of criminal non-disclosing-paid-promoters-turned-amateur-financiers – none of these shares truly exist. Either that or you are attempting to say that every other holder of restricted stock – again, other than the 22M shares of the .05 PIPE stock – regardless of the fact that they had respective cost basis that ran up thru the .27x levels, that they happily all dumped 50M shares since the end of Q1’14 at losses?
Are you seriously trying to even suggest that the 22M shares of .05 PIPE stock were all there was and which remain in the overhang waiting to flush thru?
Wow…
…any swampland or bridges in NY to sell along with that?
Folks, this is not rocket science. For those wondering how to play SCRC at this time, the fact that apparently hardly anyone knows even the most basic facts about SCRC, including what most legitimate investors should know – upcoming dilutive events – is quite telling (either they don’t know or they know but don’t want others to know so avoid acknowledging its existence). Based on this, I think it is fair to say that the overwhelming majority of current shareholders, including (and especially) JOSEPH ZAMPETTI and his core group who hold the 22M shares of .05 PIPE stock, have ZERO intention of truly holding SCRC for the long term. This broad-based lack of basic knowledge about a company is typically an indication that most shareholders currently are retail traders who jumped on board either (1) When they saw SCRC begin to run and so they jumped on the bandwagon because they didn’t want to miss future legs of the run; (2) When they saw the TA/chart indicators all turn very bullish over the past few weeks and so the signals were telling them to jump in now; or (3) When they were alerted to SCRC via a pennystock newsletter, of which there have been several recently. IMO, they will be flipping as soon as the indicators begin consistently showing that the current run is out of steam.
My advice is that regardless of whether you are a short-term trader or long-term investor, don’t be left holding the bag. The good thing is that with so much of the cheapest overhang having already flushed thru, and the solid bases that have been formed at .14 and now again at .19, any retrace shouldn’t be catastrophic like they have been in the past – BUT could be significant enough to make it worthwhile to weigh the costs/benefits of getting out temporarily and getting back in at a lower price. It all depends on how the initial stages of the retrace plays out; it may be that the trading patterns will NOT prove to be conducive to trying to average down in this way, so if you feel better simply holding and riding out the turbulence, then that is fine as well.
If anyone has questions regarding what SCRC has on the books regarding dilution email Bob@scripsamerica.com or give him a call. Make an informed decision, as the saying goes, get it from the horse's mouth. Let me stress again THERE ARE NO NOTES LEFT AS SCRC WENT THRU 39 NOTES OVER THE LAST 18 MONTHS. IRONRIDGE WHO HAD 12M SHARES IS LONG GONE.
Amazing. That is word for word verbatim from the talking points that JOSEPH ZAMPETTI has been putting out into the public space recently. Stunning coincidence.
Too bad it is completely irrelevant to the discussion re: the “mysterious” 17M shares.
The fact that JOEY Z still thinks that it refers to debt still on the books further confirms that he and his core group of criminal non-disclosing promoters and PIPE-holders have zero clue about significant matters about SCRC that impacts investors/shareholders.
From a practical perspective, to the extent that it pertains to debt-related or other issuances of restricted stock, overhang means that it is NO LONGER ON THE BOOKS. It cannot become part of the overhang UNLESS the shares have already come off restriction and are now free-trading… …and they don’t come off restriction unless they’ve been ON restriction to begin with… …and they don’t get ON restriction unless they’ve been issued to someone… …and they don’t get issued to someone UNTIL the debt or other payment obligation is satisfied and OFF THE BOOKS…
Once restricted stock is issued for whatever reason, a company and its execs (be it SCRC or any other public company) stops tracking it and stops caring about it because it is off the books and it is now out of their hands what the recipient of the stock does with it.
BUT… …this is where existing and potential shareholders very much have a need to continue tracking these issuances of restricted stock as they make their way thru the float – and that is where the SEC filings come into play, which brings us back to JOSEPH ZAMPETTI and his core group of criminal PIPE-holders’ inability to read and comprehend the SEC filings…
Regarding the 17m shares price at levels from .09 to .20. What that is are the reported prices on the BB of when each .055 transactions were done.It is required that scrc reports the prices and share count from .09 to .20. for example wwhen a few investors got involved last january you will notice approximately 918k shares and anoth 918k shares were priced at .20. That was when the raise started. Hence investors back in late jan got 1.8m shares at .055 however the Price at the time of the distribution was .20 which is required to be reported. when u look at the 17m shares in the area of .09 to .14, you will see more ahares In that area priced in the filings as the price was coming down Feb to April, hence more shares priced in filings. I am 100% sure of this information. 17m shares have to be reported what the prices were at the time of the .055 raise. This is factual and are only shares out there are 22m priced at .05y5. 17m shares. Between .09 to .20 are the actual prices that are a necessary requirment to be part of the filings.
Oh my goodness, are we just making stuff up now??? Sorry, but, no – very much, no. Wrong answer. Incorrect. Try again.
Egads, companies do NOT have to report the market values of the stock they issue. They only need to report the price they were issued at (i.e. the cost basis). If they were issued at .20, then they are reported at .20 regardless of what the current price is on the day they issue them. If they were issued at .05, like with the 22M shares of PIPE stock, then they are reported at .05, again regardless of what the current price is on the day they issue them.
It is investors who would then research what the market price was on the date of issue to get an idea of how much of a discount was given to the financiers.
the 17m shares are a PAPER TRANSACTION NOT ADDITIONAL SHARES I am certain of these facts.
Wrong again. I guess we really are going to re-live “Groundhog Day” again, just like last time where you swore up and down that another SEC filing disclosure I shared with the board re: the monthly breakdowns of the 22M .05 PIPE shares didn’t exist either and that I was lying then as well, LOL…
It makes me so sad that even I am compelled to show pity and can’t help but toss you a bone… …so here’s a couple of hints for you:
(1) What the heck do you think “overhang” is? It has ZERO to do specifically with convert notes or any “new” financing. Although the technical definition came about as a way to track the dilutive impact of unexercised executive stock options, the more common use now is that it’s simply a term used to describe stock that has been released into the float but for which there has NOT YET been any clear indication that it has flushed thru the float.
(2) Go back and read what I said again when I first referred to this 17M shares. It was only a few days ago so it shouldn’t be hard to find. What I said was this, and I will go real S-L-O-W-L-Y this time:
…that there were 17M shares that were in the overhang priced at .13x or lower as these represent those portions of the TOTAL overhang that are priced to sell at the current sp levels (you with me so far? Let me know if I’m going too fast for you). …that of these, the ones priced between .08 and .11 were effectively gone (i.e. flushed thru) by now. …that therefore, of this 17M shares priced at .13 or lower, only 6M remain, which represent those priced at .12x and .13x. …that these shares specifically EXCLUDE any of the 22M shares of .05 PIPE stock. …and then I went on and provided details and approx quantity levels of the additional overhang that was priced at each penny-increment level above .13.
But, please, feel free to believe that these shares don’t exist, LOL…
…after all, it MUST be nothing more than sheer coincidence that the sp has stalled a bit in the high .19x and .20 levels over the past few days right even though we experienced multiple 1M+ share volume days? I mean it couldn’t have ANYTHING to do with the larger quantities of overhang shares priced between .13x - .14x that I had warned about that would cause resistance heading into .20 because these were now all (especially the 3.1M shares priced at .14x) priced to sell as soon asthe sp sniffed .20???
I stand by my comments that the 17m shares are NOT REALITY
Ooooookkkkaaaaaay, JOEY Z, you go on and believe that, Mr. SCRC… …just because you have no clue what they are and have no idea where to look or how to even find them in the SEC filings, then they must 100% not exist… …can’t argue with that logic, LOL…
Interesting. Thanks for sharing. Good to see SCRC getting on the radars of more and more publications. And the best part is that it is now doing so on its own operational merits.
Quite a number of inaccuracies in the article though, in particular re: the PIPE stock.
It states there were 27.3M shares when there were only 22M. In addition, it implies that they are still under restriction – which means that readers of the article will think that there will be 27.3M shares of .05 stock hammering the float in the near future… …when the true situation is that as of today, ALL of the 22M shares of .05 PIPE stock have already unlocked and at most half remain in the float, as at least half have already been dumped from as far back as JUL’14.
IMO, that is a HUGE difference for a potential new investor to understand: 27.3M shares of .05 stock waiting to dilute the float vs only 10-11M shares…
Keep that ace in your back pocket for a day that the sp really pops. Today traded virtually sideways the entire day, so kinda difficult to fry when the sp doesn’t go up… …not to mention that it is always difficult to fry a TUT because they don’t get boxed in by margin calls, and these particular TUTs are covering intra-day using very tight stops… ...which brings us back to the selling that keeps taking place each day... ...so go tell JOEY Z and the rest of the criminal CORE PIPE-holders to keep their knickers on and stop dumping... ...so in this regard, whether or not any shorts ever fry is completely in your hands...
Well done, Peach. In order to be up 100%, I am presuming that you either (1) Did not buy in until AFTER the sp cratered down, or (2) Traded in and out to lower your avg cost basis?
Either way, you did well and were one of the few unscathed ones.
Happy for you, Peach…
How much higher do you think pps of SCRC will go in 2015.
LOL, we are only 4 trading days into 2015, Peach, and you are asking for a crystal ball to see the end of 2015 already? LOL…
Too many unknown variables at this time. Depending on how significant the other business segments become, Main Ave may or may not have to carry the entire SCRC burden on its own. If it does, then the sp projections will be one thing. But if RapiMed actually launches and becomes even a moderate success that can be even half of what Main Ave is (even though BS Schneiderman went on record stating that RapiMed should equal Main Ave), then that changes the calculus upwards in a big way.
Same thing with the partnerships w/United Apothecary and Jungle Jim’s. With so many more states that these partnerships bring to the table, if they can bring in even a quarter of what Main Ave brings, that will be huge as well.
Same thing with PIMD, although at this time I personally think that PIMD will only be a very minor contributor, just like WRx.
The important thing is GROWTH and not FLATLINING revenues/earnings. Why? Because growth is the reason the Street awards a multiple. And a multiple is the most meaningful way to grow a sp. If SCRC continues to generate growth, then there are voices here that suggest a 10-15x multiple. BUT, if revenues/earnings become flat (still profitable, but just NOT growing MORE profitable), the question becomes whether the Street will still award SCRC’s sp with anything close to a 10-15x multiple.
So whether Main Ave finds a way to grow in a material way, and if other business segments bear meaningful fruit, will be significant factors in what SCRC’s sp will be at the end of 2015.
Well, I think we should spend the next 2 hours trading at the same price. How about .199???? Seems to work, doesn't it? If you are selling, move the ask up. Isn't that the idea?
Didn’t I say in a post just a couple days ago that a big obstacle would be getting thru .20 (followed by .24) because the biggest block of dilutive shares lurking in the overhang was priced at .14 and that these would become priced to sell at .196, LOL?
The silver lining is that at least the ask wasn’t getting dropped. This at least allows accumulation and consolidation to occur and for a stronger base in the .19x levels to be built. In the past, non-chalant dropping of the ask is what prevented solid bases from being formed because the ask-dropping followed by bid-hitting routine kept taking the sp down BELOW the current levels where bases were attempting to be built.
Considering how far we have come in just barely a month, I am actually glad that we traded sideways today (just don’t go down!!!). Although we spent a lot of time trying to break .20, we had TONS of shares traded for .199x, which is for all intents and purposes .20, right? Trading at .190x would be a different story.
Over the past 2-3 days, I believe we have now traded over 3M shares in the .19x levels, which is a GREAT and solid base to build up from. We haven’t had 3M at a price level since we were at .13-.14. We kind of shot up from .14 to .19 with only about 1M shares at each price point in between.
Funny thing is that up until 5 weeks ago, we would have been thrilled to see 1M shares at ANY price point, and it normally would have taken 1-2 weeks to churn 1M shares over, LOL!
These past 5 weeks have really accelerated the time it needs to flush thru the dilution sitting in the overhang. Prior to 5 weeks ago, the market was so illiquid for SCRC that it literally would have taken almost a year to flush thru everything, but now, we are on the downslope. CONSIDER THIS: As of today, can you believe that there is now LESS THAN 1M shares left of restricted stock waiting to unlock? THAT’S IT!!! (NOTE: This is assuming no more were issued during Q4’14 beyond the 439k that were disclosed as a Subsequent Event in the Q3 10Q, of course). Keep in mind that I am strictly talking about shares still on restriction and NOT the shares that already unlocked but are still lurking in the overhang.
And assuming that my estimates are correct in that all unlocked restricted stock that is in the overhang that is priced under .12 is all gone by now and that the shares priced at .12 should be at least half gone by now, we are in good shape so long as two things happen: (1) Buying interest continues to be at least 700-800k per day, and (2) No bad news is announced.
If so, then we could be on track to be DONE with all the overhang by the time the 10K comes out in APR. It’ll be tight, but do-able under the right conditions.
Remember, it is NOT the share volume that will determine this. It will be the dollar volume. Remember that even after today, from the time the run started in early-DEC’14, we have traded approx 18.3M shares… …but yet that translated to only approx $2.7M. Think about that. Only $2.7M traded created the run we have so far up to .20. In just a 4-week period during the epic P&D, we saw over $7M traded. This tells me that we have barely even tapped the well that is the retail market. And we didn’t have TUTs who gave a crap about SCRC back then during the P&D either, but we do now. Point is that there is still a TON of capital that is available to buy into SCRC.
I ran some quick projections, and if we were to be able to average just 2M shares at each penny price level, we can hit .30 and would have still only generated approx $8M in total trading volume since early-DEC’14. In those dollar-terms, it does not seem unreasonable at all given the new publicity channels and new eyes that are now seeing SCRC for the first time.
Good time here… …just don’t get fat and happy and begin resting on your laurels!
common shareholders will have to wait their turn while pipes are digested thoroughly. Even if it takes another 9 months roughly.
@Panther,
I don’t know if you are still in SCRC or if you threw in the towel already, but if you recall, back in late-AUG’13 and early-SEP’13, you had asked me when I thought that the sp would ever run up to .20 as you had been holding dead money for over a year and were ready to call it quits. Do you remember what I said to you? I asked you that considering how long you have already held SCRC and seeing how low the sp currently was, that if you could just hold on another 8 months or so, that I believed that there would be a run by no later than APR/MAY of 2015.
Well, here we are, right smack dab in the middle of the 8 month window. I really hope you held on as there hasn’t been much to trade around since AUG/SEP’14. You were one of many here who deserved it. I don’t know if .20 gets you even or not, as I know many who are still deeply underwater. But it’s a start and it looks like it is based on legitimate meaningful news this time as opposed to an empty forward-looking statement or paid promotion.
Woof! Woof! Another gem from one of JOSEPH ZAMPETTI’s obedient little CORE lapdogs:
That guy over in ihub chp is actually a short. Makes sense he is always trying to discourage people from buying
(1) Do I try to discourage people from buying? Only when it is clearly a trap buy (much to the chagrin of JOSEPH ZAMPETTI and his fellow criminal CORE PIPE-holders) and there is nothing to justify an investment thesis at the time, other than to have the potential buyer be a bagholder or sit on dead money for a long time. But as has been posted several times, I have been advising folks since as far back as Q4’13 that .12 would be the price point where the risk/reward metrics begin to justify a speculative investment thesis in SCRC. So this assertion by Fido is clearly mistaken, but I’ll let it slide since unless it’s Snoopy, dogs typically don’t read too well, so I’ll just chalk this one up to more CORE illiteracy…
(2) No retail investor is going to short a penny stock. Anyone who understands how shorting works knows this. Shorting is suicide for retail here, but not for TUT’s, which – as has been stated here previously – is why it is not a coincidence that the daily short volume numbers provided by FINRA began shooting up shortly after the STE conference when it became clear that some TUTs were starting to buy SCRC…
(3) A REAL short NEVER discourages buying “all the time”. A short is actually a pumper half the time. In fact, a true short and a true day-trader/flipper are indistinguishable because they BOTH will hype like the dickens to get the sp up as high as possible as quickly as possible so they can sell (the flipper will sell shares he actually owns, while the short will sell shares he borrows)… …and then they BOTH will inexplicably lose their enthusiasm as soon as the runup loses steam so they can hopefully buy lower (the flipper will buy shares for himself, while the short will buy shares to cover, return the shares to the real owner, and close out his short position).
So, yeah, I guess you caught me red-handed hyping the heck out of SCRC during this current run (not to mention the run from .081 to .42 in the post-P&D period… …and from .13 to .20 during Q4’13… …and from .08x to .21 in JAN’14 when RapiMed was expected to launch in China… …and from .08x to .17 right before the initial tranches of the .05 PIPE stock unlocked in JUL’14). Yup, all that pumping. That was me alright. I guess I can’t hide all those super-charged touts cuz it’s all in my posting history, right? Oh no, what will I do? They’re onto me…
Oh, JOEY JOEY JOEY… …you really should stop with this incessant “Open Mouth, Insert Foot, Rinse, Repeat” approach, as it really is quite unbecoming of someone who is supposed to be an esteemed official ambassador of SCRC the way you have been paid by BS Schneiderman and, by default, the rest of us shareholders to be – not to mention it is embarrassing to SCRC as well as to BS Schneiderman himself (assuming, of course, that he even realizes that it is something that makes SCRC look bad and SHOULD embarrass him, LOL)…
There has been much chatter that the stock has hardly budged as intensive sellin. dec 12th .1097 now .19 not bad 75% in 3 weeks pretty good. No we are hearing the rsi is heating up at 100. Which is it the stock barely moving or the rsi heating up???????
So when JOEY Z is finished demonstrating his stellar reading comprehension skills, we can go back and re-visit what it was that I actually said, which was:
”The “discussion” was very specifically pointing out that there has been many high volume days where the sp has behaved suspiciously and either ended red for the day or remained stagnant throughout the day in spite of the surge in buyers. And to this end, here are the real “facts”:
12/16 Volume of ~1.9M . sp closed prior day at .1239 but yet opened at only .1200 and saw significant selling pressure that dragged it down to .1171 before recovering to close at .143. 12/17 Volume of ~700k. sp closed prior day at .143 but opened lower again at .14 and saw more selling pressure that dragged it down to .1301 before recovering but closing in the red at .1399. 12/18 Volume of ~800k. sp closed prior day at .1399 but opened lower again at .1211 and saw more selling pressure that kept it down at that level before recovering but closing in the red at .1390.
In addition, nearly every day there is extensive selling pressure during the trading session that results in ridiculously low prints relative to where the prior day EOD print was, the opening print of the current day, as well as the EOD print of the current day. With all this buying pressure, that takes A LOT of selling to still create these types of headwinds to drag down the sp.
I stand by my comments that without the 28M shares of 0.00 and 0.05 PIPE stock held by JOSEPH ZAMPETTI and his obedient little CORE lapdogs, the sp would easily be deep into the .20’s if not .30’s by now…”
And to JOEY Z’s second point, seeing high quantities of motivated selling is not inconsistent with the sp rising over a longer stretch of time. But it is symptomatic with the sp either rising less than it should, stagnating, or even falling on any given day, given certain above average volume conditions. And it most certainly has absolutely NOTHING at all to do w/RSI.
I will say this the 17m shares of financing SPOKEN ABOUT ARE A MYTH. Where are the financiers???????????????? in 15 months we have not entered into any new agreements for converts??????????? Yet there is a poster at ihub who is making strong statemements of 22m plus 17m shares at prices from .0065 cents to .2790. And to boot he claims priced to sell at exact prices???????????? He is giving faulty information without question. In essense he is trying to create havoc.
Didn’t we just do this? Pssst, JOEY Z… …it’s in the SEC filings. All of them. This is like Groundhog Day the last time JOEY Z and his “long term CORE investors” (LOL, I just can’t hear that enough, LOL) had no clue about how the SEC filings disclosed the monthly breakout of when their own PIPE stock would unlock and they scrambled and scrambled and couldn’t find it even though I gave them clues and told them that the disclosures were in the EXACT same place in the filings that they always are each and every quarter – and they still couldn’t find them, and so they start to rant about how I was lying and making stuff up and then countless numbers of fellow CORE members also chimed in claiming that they all read the Q’s cover to cover and the data wasn’t there and I was lying, LOL… …an Emmy-award winning sitcom couldn’t be scripted better than this, LOL…
…boy, I simply continue to marvel at how alleged self-proclaimed “long term investors” who boast about being loaded to the gills with shares that they intend to use to retire to Tuscany in Summer 2015 (just a few months away, LOL!) with their 50-baggers from SCRC can make such material investing decisions without knowing a damn thing about SCRC or even knowing how to read a fundamental 10Q/K…
…and one more thing JOEY Z… …priced to sell simply means that the current sp level represents a minimum 40% profit from their cost basis as this is the typical (but certainly not always) minimum that folks look for...
he is a total ............ you fill in the blanks.
Well at least JOEY Z has learned to stop publicly using foul language and homophobic slurs like he used to, LOL – I’m sure that would have represented SCRC really well…
tHIS POSTER HAS ZERO CREDIBILITY AND IF YOU LISTENED TO HIM YOU MISSED OUT ON AN OK MOVE OF 114% THE LAST 3 MONTHS.
Quite the stunning tale of revisionist history – or perhaps simply illiteracy? Most likely a pinch from column A mixed with a dash from column B, LOL…
…Go thru my posting history and I have been advising folks that the risk-reward began looking good at .12 as far back as Q4’13, so those who have been heeding my advice from back then are doing quite well now, thank you very much – especially since by following MY advice, it meant that they had ignored YOUR advice, JOEY Z, to buy when the sp was rocketing up from .40 up thru 1.05.
Had anyone followed JOEY Z’s advice, they would certainly NOT be up 114% over the past 3 months. How so? Because had they listened to JOEY Z and his securities fraud-engaging CORE PIPE-holders, that would have meant that they bought and held anywhere from .40 up to 1.05, so all that this “114%” gain from .0934 to .1999 would have meant to them is that their LOSSES simply nudged down a bit from being in the red 90% to being in the red “only” 80% (if bought near the high end of 1.05 – but if bought near .40, then the loss would have dropped from 77% to “only” 50%).
Don’t you just love math, JOEY???
But I’m glad JOEY Z brought up credibility – speaking of which, explain again why any legitimate promoter would voluntarily elect to VIOLATE Section 17(b) of the Securities Act of 1933? You think it would have anything to do with the fact that he was PAID IN MILLIONS OF SHARES OF STOCK and he realizes that he wouldn’t be able to liquidate in an illiquid SCRC market unless he lures retail sheeple into buying his shares from him? And that they wouldn’t trust JOEY Z if they knew that HE and his fellow CORE criminals were the ones that the SEC filings disclosed as being the holders of all those millions of dilutive shares hitting the float? Nah, that would just be too obvious, LOL…
There's plenty of crooks in pennyland and most of them keep sticking and moving while avoiding flack him staying here for as long as he has tells me he believes and has believed in SCRC.
So just because other criminals haven’t been outed or prosecuted or getting their nuts pressed deeper and deeper into the woodchipper each day, that makes it OK for JOEY Z and his CORE to break the law???
Egads, that is almost as vomit-inducing as the other sad defense by one of JOEY Z’s other CORE lapdogs a few weeks ago that it was OK what JOEY Z and the CORE did because they hadn’t been caught and prosecuted yet by the SEC.
Pathetic…
He didn't issue the notes the company did; he helped deal with them.
How, pray tell?
And I mentioned that 05-06 range cause some folks said it would crater the stock
But yet you fail to mention the oft-touted “imminent rocket launch to $4” that JOEY Z and his criminal CORE were pumping to lure buyers as the sp hit 1.00 and up… …interesting…
…So the sp hits .08 instead of 4.00, and you declare joy and victory for JOEY Z and all shareholders because it didn’t go all the way down to .05 or .06??? OK…
I'd feel like I was slighting the guy if I didn't state what my eyes have seen.
Ummm, do your eyes not see that the company has hit historic and unprecedented lows on 5 separate occasions (that can all be directly traced back to JOEY Z and his criminal CORE) and has suffered from severe illiquidity ever since JOEY Z sank his parasitic claws into BS Schneiderman?
You should only know what he has done and is still doing.
You mean besides pumping and continuing to violate the SEC’s anti-securities fraud laws?
He gets kicked around while he cannot defend himself.
Wah-wah-wah… …poor baby JOEY… …and whose fault is that? If he hadn’t violated securities laws and actually disclosed his status as a compensated promoter, he would very much be able to.
And preying on those who trusted him (whose trust was ONLY built on the fact that JOEY Z broke the law and refused to disclose his compensated status and financial conflict of interest) and effectively emptying out their portfolios for his own gain is in principle no different than kicking someone around who is not capable of defending himself…
JOEY Z is -- and has ALWAYS been -- welcome to re-join the living, but he has voluntarily chosen to continue violating SEC securities fraud laws, and so he has no one to blame for himself if he seeks pity as one who is "unable to defend himself"...
The people that know him and know what he is doing are grateful for what he has done for SCRC.
Of course they are, LOL… …if it wasn’t for JOEY Z, there would be over 30 CORE lapdogs who would be deep in the red like every other pre-Q4’14 shareholder! They are grateful to JOEY Z the way that baby hogs are grateful to still be sucking on Mama hog’s teats…
I know one thing for sure. For every, one negative about JZ there are dozens of positives.
Well, considering that there are approx 3 dozen CORE members, that math sounds about right, LOL…
ALL ABOARD 20th STREET NEXT STOP.
Yes, and for some, they may unexpectedly find out that the train will also make an unscheduled stop at the SEC offices followed by a stop at Club Fed…
I've said it at every phase but to say j zampetti has done a great job here is grossly understating it.
Yes, he has done a tremendous job cratering the sp on 5 different occasions (the ONLY 5 times, BTW, that SCRC’s sp EVER cratered) to sp levels lower than anything shareholders ever experienced in the B.J. (“Before JOEY”) era…
In terms of sustained liquidity and holding the line there aren't many men on the planet who could've played his position.
Sustained liquidity??? Are we talking about SCRC??? Sorry, but "sustained liquidity" is not supposed to simply mean "Keep finding more retail sheep to buy the 0.00 and 0.05 shares!"
Aside from the P&D periods of time in both 2013 and 2014 (be it w/false immaculately-timed PR’s or false catalysts touted by JOEY and his criminal CORE themselves), SCRC has suffered through 18+ months of ILLIQUIDITY…
The liquidity we are seeing currently is solely from SCRC finally delivering operational and financial results, as well as the relationship w/STE because not only did they host the investor conference but they issued their own analyst report and fed their report to Zacks, which led to Zacks recently initiating coverage and bringing even more retail eyeballs to SCRC.
This would have occurred even if JOEY Z and his CORE had been jettisoned into the earth’s core and never existed, so if you’re going to give JOEY Z credit for Main Ave being profitable then you should be sure to give JOEY Z credit for inventing the wheel as well…
Now things look more effortless due to the company churning out revs but I do credit him and core dudes with holding the line and buying time
How is cratering the sp considered to be “holding the line”???
And “buying time”??? For what??? Until everyone’s tranches of .05 PIPE stock had a chance to unlock? Because it certainly had nothing to do with buying time for SCRC. Scamming retail sheep does NOTHING for SCRC. If it is not a direct capital raise where SCRC gets the cash, then every other trade of SCRC stock is irrelevant to SCRC as it impacts only the private buyer and private seller of the stock.
And considering that SCRC did NOT buy Main Ave, but ended up ONLY making a $175k payment on Implex’s behalf, SCRC had no “desperate” need to screw shareholders with a $1.1M PIPE deal at only a measly .05/share.
we're closing in on 2 years here since JZ showed up.....I think its fair, understandable and on topic to say he's done a great job
Seriously? 18+ months of historic low sp levels and virtually no liquidity before finally piggy-backing off of actual company results? Oh, JOEY Z has most definitely left his imprint on SCRC, LOL!!!
I'd love to see a short squeeze after it pops through .21
We all would. But with the tight stops that the TUTs are clearly using to cover quickly intra-day, combined with the absence of the real threat of a margin call due to their deep pockets, it will be tough to see a true “textbook” squeeze. That being said, we certainly could be getting more bang out of the shorting buck than we have been. Just got to hope that the highly motivated sellers run through their inventory soon as they keep providing easy way outs for the shorts each and every day…
I think we see it close over the 52 wk high and it's hard telling what will happen, $.30-$.40 in a day or two is not unreasonable in those situations.
Anything can happen once a stock closes above the 52-wk high. It is almost unchartered territory in many ways. Many times I have seen stocks either retrace quickly and steeply (because investors think that because they have reached a “high” that it won’t go much higher) or continue to runup much much higher regardless of any resistance or RSI indicators that the charts may be screaming.
If it continues up, I hope it runs slowly so as to not leave gaps everywhere in its wake, and builds a solid base at periodic intervals. But of course, for the daytraders amongst us, building solid bases aren’t as important as simply shooting up as much as possible as quickly as possible so they can flip and either move on to their next play or jockey into position for a “rinse/repeat” here…
It's very unprofessional and misleading for ihub to not update Scrc news. Head scratcher, think this giving the stock disadvantage
This has unfortunately been a problem that began earlier this year and has never gotten fixed. There is definitely a problem with the news feed but IH-Admins haven’t yet been able to get the issue fixed. The good thing is that most folks don’t rely on iHub for their DD/news anyways, and virtually all other major news/finance/investing platforms DO reflect PR’s/filings/etc in a timely manner.
Wouldn’t hurt to periodically PM one of the IH-Admins that it still is broken, though. The more that complain the more likely they may feel it is urgent. After all, the squeakiest wheel gets the grease, right?
Agreed. Big time agreed… …best for all for the sp to take periodic breathers, consolidate, and build a stronger base at periodic intervals. We are seeing only about 1M shares (+/-) at each penny increment, which is OK but will prove to be flimsy as the runup continues higher and higher and more profit-taking takes place. Eventually, without a more solid base, the 1M shares at each price level below us will break easily and investors/traders alike will fall victim to the false security of false floors that may appear to provide support initially but don’t take long to break altogether.
Or if they are present and shorting on this board they would want to discourage buying to keep it low.
Buying hasn’t been the problem. There has been plenty of that the past 4 weeks. The problem has been – and continues to be – excessive selling of the “highly motivated” variety. And, once again, the more deeply discounted the cost basis of shares (and ergo, the more deeply “in the money” the shares already are), the more “highly motivated” a seller becomes to be willing to drop the ask and hit the bid…
…If anyone truly has any interest in wanting to know the REAL culprits, just look in SCRC’s own SEC filings and find the holders of the cheapest stock on record: JOSEPH ZAMPETTI and his fellow securities fraud engaging CORE PIPE-holders and the whopping 22M shares of .05 stock they were given like Halloween candy… …but, of course, that is assuming that one truly has a sincere interest in finding out the truth...
…if one is interested only in kicking up more dust and continuing the charade of deception and mis-direction that JOEY Z and his obedient CORE lapdogs have been orchestrating for the past 18+ months, then one would not care about the truth…
I just have a hard time figuring why, even if they had the pipe shares, they wouldn't still try to get the most they could for the shares they are selling.
Not too difficult, IMO. Remember, not everyone has the same risk profiles and investment objectives. And one category of pennyland players are those who want to grab the quickest gains they can as quickly as they can. And others may want to take profits on half their shares and ride the remaining shares free. Or any combination thereof. Remember, professional TRADERS like JOEY Z and his criminal CORE have ZERO interest in holding any stocks long-term – especially penny stocks…
On the pipe shares there was a 6 month restriction before they could even be sold. So when it was said that they were being sold they were not even off restriction.
They have been stated to have begun getting dumped into the float and cratering the sp in mid-JUL’14, which was more than 6 months after the initial tranches began unlocking. The SEC filings will verify this, and the historical tape bears witness to the carnage inflicted on shareholders as the sp crumbled from .165 to .082 as a direct result of the avalanche unleashed by the dumping of the .05 PIPE stock…
People are free to sell what they want.
Of course they are. BUT, securities laws specifically prohibit those who have been compensated to promote a stock from sticking their hands into other innocent investors’ pockets by failing to disclose their compensation and resulting conflict of interest. In this context, JOEY Z and his criminal CORE are most certainly NOT free to sell what they want as this would now fall under the purvue of Section 17(b) of the Securities Act of 1933…
The point is, out of the many pipe shares there is a very very small percentage being sold.
You keep saying this even though proof of the exact opposite is repeatedly provided to you proving otherwise, LOL…
It's no different from someone who bought at .06, .07, .08 and so on.
Ummm, is this for real? OK, here we go then…
(1) No public shares have EVER been available at either the .06x level or the .07x level. Seaside is the ONLY market participant to EVER hold such shares. And that would make them less friendly that Ironridge but more friendly than JOSEPH ZAMPETTI and his fellow criminal CORE PIPE-holders. No one ever said that the .06x and .07x shares were friendly.
(2) Only a very very very few shares traded at the .08x level, so it is both disingenuous and offensive to existing shareholders (especially those who were lured by JOEY Z and his CORE into buying during the epic P&D) to suggest that it is their own fault for not scooping up the .08x shares and averaging down—because even if they did, there were NOT enough shares traded at that level to even make them even at today’s prices.
(3) And here’s the final difference: Seaside and Ironridge didn’t hide from who they were, and they didn’t spend 24/7 trolling internet MB’s pretending to be retail investors the way JOEY Z and his criminal CORE did (and still are doing), intentionally spreading mis-information, toxic kool-aid, and intentionally fatal investment advice. And as for any retail investor who may have been fortunate enough to grab even a small slice of the .08x shares – GOOD FOR THEM. They did it the old-fashioned and honest way. They waited patiently and bought them on the open market at fair market prices – and their shares are STILL over 65% higher than the .05 PIPE stock that JOEY Z and his criminal CORE swindled their way into.
JOEY Z and the CORE have NOTHING in common with those retail investors who bought any of the .08x shares.
As I’ve stated previously, I must thank JOSEPH ZAMPETTI and his cadre of fellow criminal CORE PIPE-holders for continuing to provide such a valuable public service – because without their constant flow of erroneous statements, the truth and the real facts would not stand out as clearly in contrast… …and so without further ado…
DILUTION UPDATE: IN 18 MONTHS SCRC HAS GONE THRU 39 NOTES,12M SHARES IRONRIDGE THAT WERE FREE TRADING,5M SHARES SEASIDE.
Quite telling that there is no mention whatsoever of the 6M shares priced at 0.00 and the 22M shares priced at .05 that were all doled out to -- *gasp* -- JOSEPH ZAMPETTI and his gang of CORE thieves, LOL…
…nor the fact that the sp NEVER once cratered when ANY OTHER shares hit the float OTHER THAN the shares held by -- *gasp* -- JOSEPH ZAMPETTI and his gang of CORE thieves, LOL…
WHY DO 90% OF PENNYSTOCKS FAIL??????????? CONVERTS BECAUSE THEY ARE NOT "CONVENTIONAL" AND HAVE TREMENDOUS DILUTIVE EFFECTS WITH DERIVIATIVES.
Wrong again, JOEY… …It is because of dilution of ALL types, and the dilution that is the stock-killer is the type that is priced with the deepest discount. If reasonably and competitively priced, dilution will typically be absorbed and the worst that will happen is stagnation – NOT a cratering like what happened with the 28M shares of 0.00 and 0.05 PIPE stock… …do you really want me to keep posting the historical tape again???
The company last january did a private placement at a time where scrc failed at rapimeds miserably. They then had a new game plan an idea compounding. No one knew whether or not this would be a successful venture as the company NEEDED $$$$$ DESPERATELY.
And once again wrong…
(1) SCRC had publicly disclosed pretty early in Q4’13 that it was going into compounding.
(2) Anyone with half of a brain in the pharma biz knows that compounding is the holy grail of cash cows in the pharma sector. There was little doubt of profitability with a compounding pharmacy – the trick was finding one to get a foot in the door with.
(3) It was publicly known (due to the blabbermouth and bumbling nature of the Abbott-&-Costello-ish CORE PIPE-holders) pretty early in Q4’13 as well that SCRC was planning on doing a PIPE raise at the back-stabbing price of .05/share.
(4) And at that time (in fact, all the way thru Q1’14), there was ZERO reason to believe that RapiMed would be a colossal failure – just look at the pumps and touts by all the CORE members, in particular SEAN FITZGIBBONS, and the creator of countdown clocks who gave us the RapiMed Launch countdown clock.
From all PUBLIC indications, SCRC was moving along swimmingly. So if JOEY Z is now saying that back in Q4’13, “everyone knew that RapiMed was a failure”, then he is admitting that he and his fellow CORE con artists were knowingly peddling useless snake oil and magic beans when they continued to pump the launch of RapiMed during the timeframe that THEIR 6M shares of 0.00 stock just so happened to be unlocking and hitting the float.
(5) SCRC’s own SEC filings disclosed that SCRC paid NO cash to acquire Main Ave. Implex, a 3rd party, acquired Main Ave. All SCRC did was pay $175k on Implex’s behalf. There was no “desperate” need for $1.1M.
Had the company last January went the way of doing CONVERTS AGAIN IT WOULD HAVE BEEN OVER FOR ALL OF US.
If by “us” JOEY Z means himself and his CORE, then I would agree – they would have been finished with SCRC because after their 6M shares of 0.00 shares got dumped, they would have no reason to stick around. It is ONLY because they (with an assist from BS Schneiderman) found a way to fleece retail sheep a second time with 22M shares of 0.05 PIPE shares that they are still squatting in the SCRC house.
WE DID A PRIVATE PLACEMENT 22M SHARES AT .055. Many of the INVESTORS HAD STOCK AT HIGHER LEVELS AND THEY TOOK A REAL GAMBLE
LMAO… …With ZERO reason to believe that RapiMed was going to fail at the time, combined with the knowledge that the capital raise was going towards getting into a compounding pharmacy (a known cash cow)??? As I’ve stated previously, JOSEPH ZAMPETTI and his coven of criminal CORE whores exposed themselves to the same amount of risk as they would of exposing themselves to the risk of falling to their deaths by slipping off of a 3-inch high street curb…
Are there shares that have been sold???? Yes.
Fascinating, since we have heard from Day 1 that these “long-term” investors were not interested in selling for “burgers and fries” money but intended to hold every single share for 10-50 baggers in order to retire to Tuscany by Summer 2015 (tick tock on that one, JOEY). But with the tape so clearly showing nothing but dumping, he is now forced to acknowledge on a daily basis that “OK, yes, there was some .05 stock sold today”…
As the shares some have been in for over a year and have been sold "responsible" and slowly.
So you consider 5M shares getting dumped within days of the first tranches of the 22M total shares of .05 PIPE stock unlocking and cratering the sp from .165 down to .082 to be “responsible” and “slow”? OK…
Because these financiers want higher prices when they sell not like converters who intentionally knock the stock down during certain time parameters so they can get more shares and cheaper shares. TOU SEE IF YOU TAKE THAT SAME 1.1M DOLLARS THAT WAS RAISED 22M SHARES IF WE DID CONVERTS IT WOULD BE APPROX 2.5X TO 3X THE AMOUNT OF SHARES AND THE CONVERTS WOULD HAVE CRUSHED THE SHARE PRICE.
Nope, wrong again. The math has been provided many times here already and the number of convert shares would have been far LESS and the pricing on those shares would have been much HIGHER relative to the 22M shares of .05 PIPE stock.
In addition, the “games” that convert holders play is very temporary as they only need a few solitary low prints – they do NOT need 1M shares and 1,000 trades all printing LOD trades. Once they have their solitary prints, they actually WANT THE SP TO GO UP so that they can actually profit from this maneuver, so once they have their low prints their interests align w/ours. This is precisely why the endless conversions of the 39 or so notes over the past 12-15 months have NOT really impacted the sp all that much.
And chew on this: Paying down the notes upon maturity and PREVENTING CONVERSION ALTOGETHER is the ultimate trump card. And we all know that SCRC would have had the cash flow to do so. And even before the 1st dollar was earned from Main Ave, BS Schneiderman knew that a compounding Rx would be a cash cow, so the odds were heavily in favor of SCRC being able to paydown the notes on time – again, minimal risk of dilution even before Main Ave became what it is now.
I HAVE BEEN TOLD BY 2 VERY SOPHISTICATED INVESTORS THAT WE WOULD HAVE PRICED 50M SHARES AT .02 LAST YEAR AND IT WOULD HAVE BEEN LIGHTS OUT FOR SCRC IF WE WENT THE WAY OF CONVERTS. CONVERTS ARE ABSOLUTELY TOXIC.
Ummm, sorry, JOEY, but fellow CORE members don’t count. After all, “CORE” and “Sophisticated” are like matter and anti-matter… …in this plane of reality it is not possible for both to exist concurrently with each other lest the entire universe folds over and collapses upon itself…
12/27/14 --- 600k shares held by a financier priced at .11 (these are priced to sell from .155 on up) 12/27/14 --- 580k PIPE shares held by JOSEPH ZAMPETTI’s criminal CORE (these are ALWAYS priced to sell at any price level) 12/28/14 --- 100k more PIPE shares held by JOSEPH ZAMPETTI’s criminal CORE 12/30/14 --- 1.5M shares held by a financier priced at .14 (these WON’T become priced to sell until the sp hits .196 and up) 1/3/15 --- 447k shares held by a financier priced at .15 (these WON’T become priced to sell until the sp hits .21 and up) 1/3/15 --- 430k more PIPE shares held by JOSEPH ZAMPETTI’s criminal CORE 1/4/15 --- 580k more PIPE shares held by JOSEPH ZAMPETTI’s criminal CORE 1/5/15 --- 22k more PIPE shares held by JOSEPH ZAMPETTI’s criminal CORE
Gee, so I wonder whose shares it will be that will be responsible for the “highly motivated selling” that we will inevitably continue to see holding back the sp from its full potential, hmmm???
I personally think that the OCT "approved orders" number is the single most important monthly PR SCRC will issue as it will represent the first complete month in the post-insurance restriction market for compounded Rx's. This is the first obstacle that SCRC needs to overcome.
The second obstacle, IMO, is to be able to report positive earnings for the first time in the upcoming Q3 10Q. As I have opined on several occassions previously, I believe SCRC should be able to do this.
The third obstacle, IMO, is to be able to report either flat or growing Main Ave "approved orders" during the month of JAN-2015 (to be reported in early-FEB), as 1/1/15 is the final conversion date for the largest employers to implement the new insurance coverage restrictions on compounded Rx's. So JAN-2015 represents the first full month of 100% employer/employee compliance with the new insurance coverage rules.
The fourth and final obstacle, IMO, is to be able to file an AUDITED (remember, the Q's during 2013 have all been UN-audited) 10K next APR-2015 that shows that not only are all the revenues and "approved orders" that have been previously PR'd and reported for Main Ave legit, BUT also that SCRC has applied the VIE accounting rules properly. Variable Interest Entity (VIE) accounting has been a growing hot-button issue in the marketplace over the past year and has caused heartburn to many retail investors as an increasing number of companies who assert that certain 3rd parties are VIE's and therefore qualify to have ALL of their numbers 100% consolidated together, are subsequently being told by their auditors that their VIE determination was improper -- and requiring the company to restate prior period financials effectively wiping out the lion's share of reported revenues. One recent example of this is EWSI. Not pretty. SCRC declaring Main Ave to be a VIE (via Implex) is what has enabled SCRC to claim ALL of Main Ave's revenues as its own even though SCRC does NOT own Main Ave and the only legal relationship w/Main Ave is that SCRC is supposed to only receive a monthly mgmt fee for running the ops of Main Ave.
If SCRC can demonstrate that its Main Ave revenues (not to mention United Apothecary and Jungle Jim's revenues) are NOT materially impacted by the new insurance coverage restrictions AND that it has properly applied the VIE rules, then I would be absolutely stunned if the market continued to treat SCRC as an unwanted stepchild.
I began advising folks of the above obstacles back last summer, with the above being the most recent post from last OCT’14. I had opined that as each obstacle was overcome, more and more potential buyers who were currently on the sideline would begin seeing the inherent investment risk w/SCRC start to subside, and they would slowly begin buying in, with more buyers as each successive obstacle was overcome.
SCRC passed the first obstacle, then the second obstacle, and as we saw, buyers began coming in once the results became publicized at the investor conference and picked up by analysts (of course, being touted by penny stock newsletters only helped spread the word as well).
Considering that SCRC has been dead money for investors for practically the entire year due to the dilution caused primarily by the 22M shares of .05 PIPE stock held by JOSEPH ZAMPETTI and his fellow criminal CORE PIPE-holders, the advice that I and a few others gave over a year ago to wait and not rush in has proven to be correct. In addition, over a year ago when the sp was beginning to spiral down from .42 during Q4’13 when the 6M shares of FREE stock that SCRC paid to JOEY Z and his criminal CORE to orchestrate the epic P&D unlocked, I had posted my one and only recommendation here, which was that, IMO, the risk-reward became acceptable only if the sp came down to .12 or lower (w/the rationale being that I did not believe that the all-time low of .081 would be breached, thereby making the theoretical max loss only 33%). Those who exercised discipline and patience not only saved themselves much opportunity cost, but are also now reaping the benefits of staying true to the SEC filings and ignoring the toxic kool-aid being served daily by JOEY Z and his CORE.
That being said, the RSI is really starting to heat up now, but all other indicators remain very bullish. Understand that here in pennyland, there are actually very few players who actually hold shares for the long-term, so don’t be fooled into thinking that those around you will hold their shares -- or are even buying -- REGARDLESS of what they say publicly.
As I’ve been saying for a long long time now, the trend is your friend, and play any run (such as this one) as far as it will take you – BUT, be vigilant and babysit this stock closely, because once the indicators begin showing that the steam is starting to run out, you will need to act fast. Remember, scale in and out rather than move all-on and all-out at once. Take periodic profits off the table to de-risk, then re-load on any dips if you are so inclined to re-invest it back into SCRC.
I do not believe that we should ever see sub-.10’s again, as SCRC actually has substantial revenues supporting it now. But a penny stock is a penny stock, and the higher this run takes us, the bigger the re-trace when it does happen. And it WILL happen. Nothing goes up forever and every stock requires periodic breathers.
what about deductibles being reset - is that an issue that will be faced in the first couple of months? does that even apply to medications?
I’m not sure what you are asking. Patients will always have co-pays and deductible issues that they need to plan for and anticipate, but I’m not sure how this would relate to Main Ave. A pharmacy will still get paid, so I’m not sure it matters how much of it is coming from the patient and how much of it is coming from the insurance company. And, obviously, the biggest chunk is from the insurance company.
are there not limitations on the pharmacist to pharmacy tech ratio in california? how could only 1 pharm be able to compound that much in a given month?
I do not know the answer to your question. However, considering that Main Ave is located in NJ, I’m not sure what any CA regs have to do w/SCRC?
Also, I am also not intimately familiar with each state’s regs on operational rules within a pharmacy. For example, does it require that ONLY a licensed pharmacist and/or pharmacy technician be permitted to prepare a compound? OR, is it only required that a licensed pharmacy and/or pharmacy technician derive and finalize the custom recipe for a particular Rx – BUT, any staff person can perform the physical act of compounding once a specified formula is approved and documented by the licensed pharmacist/tech? Obviously, in the latter scenario, this means that since the bulk of the Rx’s are likely refills month after month, that ANY staff person can prepare the Rx.
Again, not saying that this is the case, but the above scenarios are ones I had posed previously but no one knew the answer to, and it is a question that I believe can lead directly to answering YOUR question as well…
I understand there are people that want the price to go down
Because SCRC is a penny stock that is impractical for retail to short, I actually don’t believe that there is anyone who WANTS the sp to go down while it is on a run.
Only retail daytraders who short as a direct profit-making trading strategy ever want that -- but as a penny stock, I do not believe that there are any retail shorts here. And when SCRC grows much bigger and is uplisted to a senior exchange and is trading (via a R/S) above $5/share, then we will have trading-centric TUTs shorting as a direct profit-making strategy as well. BUT, until then, it is my belief that the TUTs are currently only shorting as a hedge – and as such, do NOT want the sp to go down. Remember, hedges are only partial, and so they have more to gain by seeing the sp shoot up (which is why they are invested). The intra-day short positions are primarily simply to protect them IN CASE the sp retraces significantly and there is not enough liquidity to enable them to unwind their long positions at acceptable prices, in which case they will be bagholders like the rest of us… …BUT now they have their short positions acting as safety nets.
IMO, there is a HUGE difference between someone who wants the sp to go down vs someone who simply DOESN’T CARE IF THE SP GOES UP. Understanding this will better enable you to identify the most likely source(s) of the selling… …and as we have seen ever since the epic P&D of 2013, it is those who hold the most deeply discounted shares and are also the most deeply “in the money” who can afford to be so non-chalant about the sp that they sell at. In addition, look at how long this aggressive selling has been going on for… …now ask yourself who has (1) The volume of shares, and (2) the hideously low pricing on said shares, to be able to be dumping on a seemingly endless basis since mid-JUL’14?
The answer is simple: The ONLY market participant who fits not only the criteria but also the timing of when this uber-aggressive selling pressure began is… …drumroll please… …our very own JOSEPH ZAMPETTI and his gang of fellow securities fraud engaging, Section 17(b)-violating, non-disclosing criminal CORE of paid promoters and their 22M shares of .05 PIPE stock…
PS: Memo to BS Schneiderman – Unlocking shareholder value means to enable the sp to rise up to its FULL potential, NOT to let it drain out for the benefit of known criminals…
with the price from .11 just a few weeks ago the price has jumped considerably and I'm sure those day traders are taking profits.
You can count on that. Not only are the financiers who have been underwater all year now priced to finally sell their shares (at least those whose shares are priced from .13x and lower). Per the SEC filings, there were approx 17M such shares lurking in the float prior to the current run – excluding the 22M shares of .05 PIPE stock, of course. It is my opinion that anything priced between .08x and .11x is effectively gone, and so if we consider just the shares priced at .12x thru .13x, that leaves approx 6M shares. At the rate shared are churning over, so long as the TA indicators remain bullish, we may be able to eat thru these in 2 more weeks.
Once we hit .1960 though, there will be approx 3.1M shares priced at .14x that will become priced to sell.
Only 800k shares are priced at .15x, which will become priced to sell at .2100.
And only 1M shares are priced at .1634, which become priced to sell at .2288.
After that, 1.9M shares priced at .1700 become priced to sell at .2380.
Then only 170k shares priced at .1800 become priced to sell at .2520.
Then 1M shares priced at .1900 become priced to sell at .2660.
Then only 900k shares priced at .2000 become priced to sell at .2800.
And finally 600k shares priced at .2765 become priced to sell way up at .3871.
Bottom line is that if buying interest continues, the biggest obstacle from financier shares lurking in the overhang will be getting thru the .20 barrier and then the .24 barrier, as these represent the levels where the highest quantities of dilutive shares can be expected to be sold into the float. At every other “sell” level, the quantities appear manageable – so long as the buying interest continues, of course.
BUT, in addition to the financier shares that have been lurking in the overhang for almost a year now, folks need to remember that at the current price levels, we now have the shares that were bought at the .13x levels just a few weeks ago that are now beginning to be priced to sell. We had a big base formed at this .13x level (2-3M shares, I believe), and so it can realistically be expected that a chunk of these will begin getting flipped, with more getting flipped as the sp continues to inch upward.
Don't feel those pipe shares are doing as much harm as being projected.
The harm they inflicted has already been done, unfortunately. Or was the freefall down from .165 to .0821 that began in mid-JUL’14 just as 4-5M shares of the initial tranches unlocked and got immediately dumped just a mirage? And, also unfortunately, they still have millions of more shares lurking in the float…
Just as there are traders/investors who buy on dips because they think they have timed the bottom, there are traders/investors who buy on spikes because they think they have timed a top.
Typo alert...
...meant to say "Just as there are traders/investors who buy on dips because they think they have timed the bottom, there are traders/investors who short on spikes because they think they have timed a top."
Pretty obvious, but just wanted to be sure to clarify, LOL...
Agreed. Volume was very encouraging. The vast majority of technical indicators also still point to bullish trends continuing.
Support now way up to .1633, so that is re-assuring.
Resistance @ .1898 followed by .2007.
Only thing to keep an eye on is the RSI, of which the 14-day RSI hit 70 back at .1761, so it is starting to heat up. It doesn’t hit 80 until .2109, though, so that should also be a red flag when we get there, assuming it is not raised further by that time (of course, that would be a good problem to have, LOL)…
One final thought re: volume…
…For the past month, we have seen record volume of approx 14M shares. This blows away the previous record volume over a 4-week period, which was approx 12.4M shares traded during the height of the epic P&D in the summer of 2013…
…HOWEVER, what many retail investors often forget to adjust for is the actual dollars being invested/traded. Although we have traded 14M shares, this amounted to only approx $1.9M worth of capital. In contrast, the 12.4M shares traded during the P&D generated $7.3M…
…so there is still a lot of float and overhang to chew thru… …AND, it means that not as many TUTs are buying in as many think. But that isn’t a bad thing at all. For the sp to be where it is after a heck of a month, the less TUTs actually in it currently simply means that there will be more potential TUTs buying in after the 10K comes out and they see the Good Housekeeping Seal of Approval (i.e. the Independent Auditor’s Report) on Main Ave numbers for the first time...
That series of trades was not a stupid move, it was an orchestrated one
MM’s don’t act on their own. They act based upon instructions from the buyer/seller. So regardless of whether it was “orchestrated”, “planned”, or any other sinister word you want to use, but the truth of the matter is that when the ask is impatiently and repeatedly dropped even after numerous higher buys on the ask, that is the undeniable tell-tale sign that there is one or more highly motivated seller trying to cash out. End of story. Not too difficult to understand… …neither is it difficult to understand who the most highly motivated sellers out there are…
Covering and closing out a short position intra-day using tight stops the way the TUTs are clearly doing is hardly getting wiped out. If you really want to inflict maximum pain on them, then go tell JOSEPH ZAMPETTI and the rest of his criminal CORE PIPE-holders to stop dumping and providing relatively pain-free escape hatches for them.
But it is important for retail investors to understand that TUTs rarely get caught in any short squeeze because they have the resources to not only afford the account maintenance requirements but never get pinched and forced to cover by margin calls the way retail joes do. This is why I stated long long ago last summer when the talk of uplisting first began here that once a R/S takes effect, that TUTs will begin buying in – and that w/TUTs comes the volatility that comes with shorting, because TUTs understand that Risk Management 101 calls for a degree of shorting – not as a direct profit-making strategy the way retail joes and daytraders use shorting, mind you – as part of an overall effective hedging strategy to minimize potential losses in an otherwise speculative long common position.
And it is NOT a coincidence that the surge in daily short sales volume began in lockstep with when TUTs began buying in the past month or so. Retail shorting SCRC? Suicidal, as I’ve always stated, and is NOT happening. TUTs shorting SCRC? Just a standard day at the office, so get used to it and factor this into your investment thesis.
And if you think about it, TUTs shorting penny stocks like SCRC who are on a hell of a bullish run and hitting highs not seen in almost a year is not all that unexpected. After all, shorting is the exact opposite of going long. Just as there are traders/investors who buy on dips because they think they have timed the bottom, there are traders/investors who buy on spikes because they think they have timed a top. And when longs see the sp continue to fall, they quickly sell out again and are content with getting only a little but knicked by a falling knife. Again, similarly, when shorts see the sp continue to rise, they also quickly cover their positions and are content with getting only a little knicked by what can best be called a “rising” knife. Two sides of the same coin, really. To expect one w/o the other is unrealistic and can distort one’s view of the market – and consequently, this distorted and incomplete view of the market increases the risk that a market participant will make an mis-informed decision or otherwise be caught off-guard when the sp begins moves a certain way.
BUT REMEMBER, as I stated weeks ago, although shorting can make retail joes like us nervous as it is occurring, once we see that the sp has remained steadfast – and even rise – we actually want MORE shorting. Why? Because every share that is shorted automatically becomes a share of GUARANTEED buying interest at some point in the future (whether it is 10 minutes in the future, some other point intra-day, or some other day altogether). And that is ALWAYS a good thing.
One final note on shorting: Keep in mind that when it is short positions that are being covered, the buying (although good in and of itself) does NOT add to the base that is being built at that price level. After all, if you think about it, although a share may be purchased at .185 to cover a short position, the shorter who paid .185 for it is NOT holding that share as his/her own share. He/she is RETURNING that share to the original owner who it was borrowed from. So if that original owner had a cost basis of .12, then .12 remains his cost basis for that share – REGARDLESS of whether the shorter had to pay .185 to get it back for him. Reason this is important is that when lots of shorting and covering takes place, it makes it more difficult to assess how much of a base is actually being built at any particular price level.
We get some momentum going and in one trade we go from .1749 to .1675. I'm sorry that is silly. the board is set up and you give back 4 or 5%. Take advantage of this, people. If you are selling, make them pay your price. It's ok to increase your ask price as well.
This is not news, unfortunately. We have been witnessing this behavior repeat itself on an almost daily basis for the better part of 6 months now, ever since the first tranches of the 28M shares of .05 PIPE stock unlocked and diluted into the float in mid-JUL’14. Not a coincidence.
As I cautioned to the board over a year ago during Q4’13 when it became known that SCRC re-engaged JOSEPH ZAMPETTI and his gang of fellow securities fraud-engaging CORE criminals in a massively dilutive .05 PIPE transaction, it will take tangible legitimate positive news to generate the buying interest necessary to withstand the headwinds that periodic liquidation will blow into the sails of any attempted runup by the sp – not too difficult a call to make given the massive number of PIPE shares vis-à-vis the low liquidity.
Thank goodness that becoming profitable and getting the word out to TUTs via the SeeThruEquity investor conference followed now by Zacks (not to mention being touted in a penny stock newsletter today) has brought in buyers to help absorb some of the dilution. But nonetheless, as you noted, even though the sp recovered, each step backwards represents 2 steps forward that are now lost, and THAT is the unfortunate by-product of what happens when dilution blows headwinds into a runup.
For example, if the most recent print was for .18, then the next block for a buyer should be at least .18 if not higher. But if a motivated seller drops the ask to .17 for no reason, then we lost the .18+ print and replaced it with a .17 print. And now, the next ask is only .175, which gets hit instead of .185 getting hit. Etc, etc, etc… …essentially, every significant drop in the ask is akin to having to re-invent the wheel all over again and re-building the section of bricks in the foundation that got knocked down with the ill-advised lowering of the ask.
With the buying interest we have been seeing for 3 weeks now, there is no reason we should not only be deep into the .20’s and possibly .30’s by now, but there should have been NO reason that we ever saw ANY recent high volume days end flat or in the red the way we did.
Lost several business days due to holiday, 5.2 mill is incredible.
I’m not convinced of that.
(1) Pharmacies are consumer product retail businesses and do NOT close unless absolutely necessary. In fact, all the pharmacies in my area (whether major chains like CVS or Walgreens, or independent small local outlets) were all open every day the past two weeks except for solely Xmas Day and New Years Day.
(2) Even if the sales force all decided to take time off at the same time and take lots of days off, it is important to recognize that the bulk of each month’s sales/orders should be recurring based off of previous sales (i.e. refills), so the sales force is not really involved in this at all.
(3) The sales force does NOT secure actual “orders”. Rather, they help secure entity-wide agreements with hospital networks and physician networks to try to be the “compounding pharmacy of choice” for when the actual physicians at those facilities decide that they need to prescribe a compounded Rx for their patients.
These agreements are not easy to get, and do not happen everyday. Given this, it would make ZERO sense for a 1099 salesperson to have invested so much time and effort on cultivating a relationship and inching closer and closer to sealing the deal to suddenly say to a potential new hospital/physician network who may have decided on 12/24 or 12/26 to move to Main Ave for the upcoming 2015 year: “Oh, sorry, but I’m not going to talk to you now to seal this deal because I’m not vacation”.
EVERY commission-based salesperson that I have ever met in ANY sector would make absolutely certain that if there was a sale to be made, that he/she would trample over their own mothers to get that deal signed before the client changes their mind and signs with someone else.
After all, these individual agreements with physician/hospital networks are the key to each salesperson’s commissions: Once signed, the salesperson just has to sit back and collect commissions each time a physician from the network refers a patient to Main Ave.
(4) In light of (3), as I stated previously, patients do NOT stop ordering Rx’s or refills on existing Rx’s just because it is holiday season.
(5) In addition, NOV only had 30 days while DEC had 31 days. NOV had 5 Sundays that they closed where DEC only had 4 Sundays. So already, we are at 25 days for NOV and 27 days for DEC. NOV had Veteran’s Day and Thanksgiving. So NOV is now down to 23 days. DEC only had Xmas day, so DEC is down to 26 days, still 3 more business days than NOV.
Now, if you are going to say that extra days were taken off for Xmas, then you must do the same for Thanksgiving as the logic is the same – and if anything, studies show that more families take time off and travel to be together on Thanksgiving week than during Xmas week. So these should be a wash for both NOV and DEC that offset each other.
(6) Bottom line, when you look back on the approved orders reported for SEP ($5.5M), OCT ($5.6M), NOV ($5.3M), and DEC ($5.3M), even after adjusting for holidays in NOV & DEC, it is apparent that revenues have flattened out and are stabilizing. AND THIS ISN’T A BAD THING. Especially in light of the new insurance coverage restrictions that have been taking effect in JUL’14, SEP’14, and again currently in JAN’15.
$15M-$16M per quarter is very good. BUT, it is important for investors to understand what is happening and not fall victim to the pumps trying to convince you that each month is still a record-setting month. The smart money on the Street understands the numbers, and so should you.
The hard part, as discussed above, is getting new physician/hospital networks signed up. And that is where the salesforce needs to step up their game and earn the ridiculous 65% that SCRC is collectively doling out to them and all the middlemen that have their paws stuck inside the SCRC kitty (at shareholder expense, of course).
We retail joes will know when the salesforce earns their keep by whether the monthly numbers shoot up in any given month – because that will be the signal that new deals have been signed. After all, refills will only represent recurring flat revenues, and physicians will only refer a small number of “new” patients each month as not every patient will have a condition that requires a compounding pain cream. Meaningful quantities of new Rx’s can only come with new hospital/physician networks climbing on board the Main Ave bandwagon...
...and if you don't think continuing to relentlessly grow topline revenues is important, just look around the Street during earnings season and look at all the stocks that get punished in spite of great profitability -- but they get punished simply because growth is not as high as it was the prior quarter/year.
Continuing to show GROWTH is what will result in the Street awarding a handsome multiple to SCRC's sp. And that is the shareholder value that BS Schneiderman and his over-paid sales force need to figure out a way to unlock...
interesting to find out who and what Seal Point Consulting is?
Seal Point Consulting = Nick Torrens. He is disclosed in many of SCRC’s SEC filings as being a frequent recipient of stock as payment for “investor relations consulting” services as far back as 2013.
It is apparent that he basically disseminates (not sure if he writes them, but could be) PR’s to the major news sites, and that he doesn’t do much else. But he doesn’t get paid all that much either, thank goodness (at least based upon the value of the shares at the time they were awarded), so we pretty much get what we pay for w/him.
I have no issue w/SCRC’s use of Nick/Seal Point, but it is clear that he is an amateurish knucklehead as any legit IR firm understands Section 17(b) of the Securities Act of 1933 and earlier this year he began posting on a popular investor MB w/o proper disclosure of having been compensated and got himself banned, LOL...
SCRC should look into other legitimate uses of IR services, as newtoscrc has alluded to on several occasions previously. Remember, IR services isn’t simply paid pumping. Legitimate IR services are also:
• Development and maintenance of company website (in particular the IR sections!) • Preparation of investor presentation decks • Identification and recommendation of investor conferences to attend • Branding ideas • Strategizing and exploring M&A opportunities (whether merger, acquisition, or being acquired itself – all options to unlock shareholder value and position SCRC for greatest chances of long-term success should be explored) • Etc, etc, etc…
TYSONS CORNER, VA / ACCESSWIRE / January 5, 2014 / ScripsAmerica, Inc. (OTCBB: SCRC) today announced that its wholly owned subsidiary, Main Avenue Pharmacy, reported $5,280,402 in approved orders during the month of December 2014.
So now we now all the monthly approved orders for Q4’14:
OCT = $5.619M NOV = $5.258M DEC = $5.280M --------------------- Q4 = $16.157M (preliminary unadjusted revenues)
ADD $3.609M (Q3’s backlog which was shipped in OCT’14, so it now qualifies for recognition as revenues)
SUBTRACT $3.407M (estimated Q4 backlog, assuming same 20-day backlog as existed at the end of both Q2 and Q3; if the # of days backlog changes as of 12/31/14, then this estimated $3.407M number obviously will change as well) ---------------------
$16.359M (Estimated Q4’14 Net Revenues from Main Ave ONLY) ===========
Assuming that Main Ave comprises 99% of SCRC financial results, then based upon Q3’s 11.9% net income ratio (as a percentage of Main Ave net revenues) – which also assumes that all other operating and non-operating expenses remain consistent with Q3 – then this projects out to Q4 net income of $1.952M.
Certainly, if SCRC was able to get selling expenses under control and below 65%, then that will only add to the net income (and significantly).
This $1.952M net income for Q4’14 translates to EPS of .0142 (.0117 on a fully-diluted basis, which I recommend be the share count you use). And on an annualized basis, this translates to EPS of .0570 (.0468 fully-diluted).
Plug these numbers into whatever models you use to determine your entry/exit points and make your own decisions on how best to make money for yourselves. Buy, hold, add, sell, trade, makes no difference to me. Just make well-informed decisions and calculate the true risks properly using accurate data points.
I think one needs to mention the fact that we had millions of share of stock from seaside that we have been absorbing in the past few weeks. Those shares are almost done.
Seaside only had approx 4.8M shares in total, many of which were priced to sell many months ago (the .06x and .07x shares) for which the tape shows that these shares likely did indeed get flushed thru prior to “the past few weeks”.
The only tranches of Seaside’s 4.8M shares that would even be in play would be the 800k shares price at .105 that unlocked on 6/2/14 and the 1.3M shares priced at .1062 that unlocked on 8/3/14. The 800k shares that unlocked on 6/2/14 very likely flushed thru during the runup to .165 on then-record-setting volume back in the latter part of JUL-2014.
This then leaves the 1.3M shares that unlocked on 8/3/14. The historical tape seems to indicate a high likelihood that at least half of this flushed through in the first week of NOV-2014 when the sp spent 5 days in the .14x levels on above-avg volume.
The tape also indicates a high likelihood that the remainder of Seaside’s .1062 shares flushed thru during the record-setting week of 12/15/14-12/19/14.
So this translates to only around 650k shares that were attributable to Seaside over the past couple of weeks (heck, the past couple of months), NOT millions.
No, as I stated previously, Seaside – just like Ironridge before them – are nothing more than red herrings used by JOEY Z and his fellow criminal CORE PIPE-holders in their desperate attempts to deflect attention away from their obvious flipping activities as they still have tons of PIPE stock they are trying to dump and need your bid support in order to do so at as high of price levels as possible.
So, in summary:
4.8M shares from Seaside that have an avg price of .085 versus 28M shares of 0.00 and 0.05 PIPE stock from JOEY Z and his securities-fraud-engaging paid whores that have a collective avg price of .039…
…which has been and continues to be more toxic to retail shareholders?
Hmmm… …not too difficult to figure this one out, LOL…
So I might agree if we didn't have those Seaside shares to contend with we would be over .20
I’m still trying to stop laughing at the statement that it is all Seaside’s fault that the sp isn’t over .20 by now, LMAO!!!
Once again, 4.8M shares priced at an avg of .085 for Seaside… …and 28M shares priced at an avg of .039 for JOEY Z and his criminal CORE…
At which I hope for a reverse split to get out us out of pennyland. In which case those .05 shares aren't going to make a difference as described.
What a non-sensical statement that somehow once a R/S is effectuated that the .05 PIPE stock magically disappears and “won’t make a difference”??? Ummm, hate to break the news to you, but they already have. Big time. In a bad way. You can’t un-ring a bell, unfortunately…
…a R/S is effectuated to hit a specified sp level. For example, if the goal is to get the sp to 5.00, then a R/S @ 1.00 would only need to be 1:5. Whereas a R/S @ .20 would need to be at 1:25. So the impact of the .05 PIPE shares having cratered the sp already WILL STILL BE FELT because the sp at the time of any R/S will be MUCH LOWER than it otherwise would have been WITHOUT the 22M shares of .05 PIPE STOCK diluting the float. And so when the R/S gets effectuated, this means that shareholders will now get much less resulting shares at 5.00 than they otherwise would have. And that difference represents REAL MONEY.
Also, there's been a discussion of scrc of 2.6m shares on dec 11th to dec 15th. I sure hope they keep shorting do you want me fact it's moved from .11 to .16 since the alleged short of 2.6m was reported. SHORTS Will GET FRIED. It is and will continue to be EXTREMELY expensive to put on a SHORT position at .11 cents for margin
Get your facts straight and stop mis-stating what others have stated. The 2.6M shares shorted were stated to have occurred between 12/15-12/19 and NOT between 12/11-12/15. This is important because the most recent net open short positions report is only as of 12/15/14.
And once again, as provided to this board previously, the daily short sale activity numbers that were provided were DIRECTLY FROM FINRA (so if you doubt this number, call FINRA, LOL), so this number is not in question. And combine it with the net remaining open short position which we do not know because they don’t provide this info daily (the next report is not as of 12/31/14, which should be out soon), so we will never know what the net open short positions were as of EOD 12/16 thru 12/19, respectively. What this combination of data tells you is how much of the daily short volume got covered intra-day and how much remained uncovered.
So, since the run began on 12/15/14, we at least have that one day’s “net remaining” open short position number of approx 50k shares. Relative to the much higher volume shorted during the 12/15/14 trading day itself, this tells us that the vast majority of any short sales were covered intra-day, leaving only a small number uncovered as of EOD 12/15/14.
This makes sense as TUTs looking to hedge their newly minted speculative long positions understand the risks of shorting penny stocks and will monitor their short positions closely – so as the sp shows support and begins inching up, the TUTs quickly close out their short positions. And they can do so very cheaply because there is a seemingly endless supply of shares being offered for sale – thereby bailing them out of any potential “squeeze”.
So you can thank JOEY Z and his CORE, along with the other financiers holding discounted shares priced in the .09-.11 range (as well as flippers who caught the wave at these levels – so good for you to snare a piece of the pie), for being the ones who are screwing up the short squeeze by continuing to offer up shares for sale at low asks as well as non-chalantly hitting low bids. It is ironic that the biggest drum-beaters for a short squeeze are the very ones undermining it by their constant selling.
And, also, for TUTs, it is NOT expensive to short stocks like SCRC because they – unlike retail – are naturally deep pocketed and don’t need to worry about account maintenance requirements the way that retail joes do.
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