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Hey everyone! Pop quiz for ya…
What is the ONLY OTCBB company that will have EVER reported back-to-back quarterly PROFITS that…
…has traded between .10 and .15 (not one penny higher or one penny lower!) for the past 56 days (not one day more or one day less!)
...has an O/S count (non-fully-diluted, though, because we don't want folks to know the REAL share count to use!) of between 135M-140M (not one share more or one share less!)
…has over 20,000 MB posts
…is headquartered in the state of VA but has primary operations in the state of NJ
…is in drug distribution but also runs a compounding pharmacy
…sanctioned a P&D against its own shareholders and doled out $2.7M worth of FREE stock to known Section 17(b)-violating criminals led by JOSEPH ZAMPETTI
…has a CEO whose initials are “BS”
…has a stock symbol that begins with the letter “S” and ends with the letter “C”
That’s right! SCRC, baby!!! I challenge anyone to find any others! That’s right, we all know the drill! Folks will claim that other such companies exist, but they won’t be able to provide a list of any!
From the mouth of JOSEPH ZAMPETTI:
LOL, from one of JOSEPH ZAMPETTI’s CORE con artists out in the public space:
Ummm, that is not answering my question. That is dancing around my question. Let me help you by asking it again:
What could have possibly been the investment thesis behind actively encouraging non-0.00-free-share and non-.05-PIPE-stock-holding retail investors to not only buy-buy-buy during clearly bearish periods when tons of dilution was hitting the float – but advising them to ONLY hold and add, and to discourage them from selling, trading, or otherwise de-risk their positions? And all while the sp spiraled down from 1.05 to .08, and then again from .42 to .08, and then again from .20 to .08, and then again from .16 to .08, etc, etc, etc???
A few thoughts re: shorting as it impacts SCRC shareholders…
Now that we know that TUTs shorted 2.6M shares out of the 6.2M total trading volume last week, we should actually be very impressed and satisfied that SCRC’s sp endured a 42% short interest over the course of 5 trading days and still ended the week at the .14x levels.
Why?
Because 9 times out of 10, when 2.6M shares get shorted on a stock whose float and avg daily volume is like SCRC's, the sp would have cratered as there would normally have NOT been sufficient buying interest to absorb all the short sales, and the downward pressure on the sp would have been amplified by the additional selling by retail shareholders who see the freefall and sell themselves to try to get out of the way of further declines. And as we saw by the sp steadfastly maintaining both the .13x and .14x support lines, THIS DID NOT HAPPEN LAST WEEK!
Also, one thing that most retail investors fail to realize about shorting is that ONCE A SHARE IS SHORTED, IT IMMEDIATELY BECOMES IMPOTENT AND CAN NO LONGER HAVE ANY NEGATIVE IMPACT ON THE SP. Read that again. And a third time.
Remember, once shorted, all a TUT can do is wait for the sp to either go up or down or sideways (which he/she has no further influence over) and decide at what point to cover and close out the short position. And to cover, a TUT must buy shares on the open market to do so.
TO BE CLEAR, I AM NOT INSINUATING THAT A SHORT SQUEEZE WILL OCCUR.
I still stand by a comment I made in a prior post that short squeezes are for the most part message board myths because so many things can take place that can enable shorts to cover w/o running up the sp that it is actually very rare to ever see a real short squeeze play out. Does it happen? Sure it does. But the point is that it is rare, and to bank on it would be akin to going all-in on a single number on the roulette wheel (i.e. low odds and not a very smart bet).
That being said, what these 2.6M shares now represent is 2.6M more shares of GUARANTEED buying interest at some point in the future.
If the sp rises, then these 2.6M shares will fan the flames and add to the demand for shares, which can only help us.
But if the sp dips, then many of these 2.6M shares will swoop in and buy up shares being sold in order for the TUT to close out their short position either unscathed or with a modest gain. In other words, the TUTs closing out their short positions when the sp falls also serves as an unintended parachute to slow down the fall and soften the impact because without the 2.6M shares being bought to close out short positions, the buying interest would be a lot lower – and the cratering of the sp would be a lot more severe. In essence, the TUTs closing out their short positions when the sp falls can be viewed as a form of unintended support for the sp due to the buying interest that their close-out activities will bring.
As I mentioned in a prior post, I do not know what the TUTs will do next. If they continue shorting aggressively, the key for longs will be whether there will continue to be sufficient buying interest to absorb these short sales w/o damaging the sp. If we can absorb the shorting while maintaining the sp, then this turns lemons into lemonade as each day we can do this means that that day’s shorting activity can get added to the 2.6M as additional shares that can no longer harm us – but instead can now be used to help us when it is time for them to cover.
And so to this end, as I mentioned in a prior post, we will need JOSEPH ZAMPETTI and his fellow criminal CORE whores to keep their pants on and NOT sell any of their 0.00 or 0.05 shares (not to mention those holding .09x shares to keep their pants on as well) for the time being. Adding more supply to the “for sale” pile will only harm everyone, INCLUDING the sellers as they will end up settling for lower prices because the TUTs are competing with them with the shorted shares they will also be trying to sell. Just wait for the shorting activity to subside and then resume your dumping of discounted shares if you must.
From JOSEPH ZAMPETTI (who else, LOL):
It's a bit stale w/regards to the info it is presenting, but better late than never, right?
That being said, this is my favorite part: