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One day does not a trend make, but a trend – just like a winning streak in sports – cannot start without the first successful day. The next couple of days will provide clarity on whether today is indeed the beginning of a new positive trend of broader-based buying interest, or whether it is simply 1 speculative investor opening and accumulating a position.
The forms for the attendees from that timeframe all list 4000 shares
It has become ever more clear that Mr. Joe Zampetti's role in the evolution and progress of the company calls for recognition – all the more so after the many libelous remarks posted on another board. There is, too, a lot of truth in the idea that 'Time is a gentleman', because it usually allows and facilitates the sifting of the true form the false and the honorable from the dishonorable.
Speaking of insiders, I just noticed something that seemed odd to me.
BS Schneiderman filed a Form 4 last DEC-2013, which reflected one of multiple disposals of 1M shares of common stock. On this Form 4, it disclosed that after this disposal, he still owned 17,960,000 shares of common stock under Table I (non-derivative securities owned).
Since then, the only other Form 4 BS Schneiderman has filed was on 10/9/14, where it listed 4,000 shares awarded to him for attending a BOD meeting. No issue with that. HOWEVER, the confusing thing was that in Table I (non-derivative securities owned), it now states that these 4,000 shares are now all that he owns.
I’m sure there is an explanation somewhere to reconcile owning 17,960,000 shares one day and then suddenly only 4,000 shares w/o any additional Form 4’s in between, but I haven’t had time to dig thru yet. Would anyone know off the top of their heads what the explanation is for what appears at initial glance to be an odd discrepancy?
TIA…
Concerning Mr Urbanski: Mr Urbanski IS NOT AN INSIDER AS HE DOES NOT RECEIVE DAY TO DAY PRIVILEGED ITEMS RATHER HE IS AN AFFLIATE AND AS SUCH A FORM 4 DOES INDEED NEED TO BE FILED AS HE HAS MORE THAN 5%. This is a FACT AND IF ANYONE WANTS TO CHALLENGE THAT I SUGGEST YOU DO YOUR DD!
Bottom Line: Mr Urbanski is an affliate not an insider and owns over 5% and needs to file form 4's every time he does transactions.
Great day of trading but nothing to get all excited about. Got a way to go.
Maybe it is hard work and tireless efforts to beat you to the exits.
Is it just me or does JOSEPH ZAMPETTI and the collective criminal CORE that has poisoned the market for SCRC remind y’all of the “Investors Center” from The Wolf of Wall Street???
So to the best of your memory you don't believe this CEO has made any public presentaions stating that Rapidmeds release by the end of this year/Q
Not only has he but you shouldn't have to go back several months to find it..
Sometime I wonder??
With the new LOC and it's use is to expand and pay off debt, why not use it to buy back some of this crappy paper that is out there. I mean if the management truly believes that is a $1+ stock by this time next year then buying back all of that stock at .11 would be a great deal.
That $6,000.00 works out to be at .11 to be approximately about 54.5k shares. When a stock is in discouragement meaning basically low volume (you know) especially a stock at .11 those minute dollars or 54.5k shares mean a lot to driving a price share down. When it's price goes up again you sell and repeat the same process, buy in again and wait for the price to go up and repeat. Driving the price of the stock down at each turn with low volume. It can discourage buyers to buy, hence discouragement begins. Low volume weak market a shorts paradise.
And a shorter doesn't need to borrow, they can openly buy them in the open market. If a shorter is following a board it only needs to follow the attitudes of the board and create doubt and get the feel for their positions or considerations. To keep people discouraged from buying is a dream of a shorter. Who wants to buy when news or fears are in doubt on a board. So if a short loans shares last thing he wants to be caught up in is a rally(squeeze). On the other hand if he just buys like SCRC SHARES low priced from the market he gets you might say a free ride or unexpected leverage. But that would be a trader,( no pun intended) wouldn't it.
Then as discouragement follows (traders either sell or stay away)the price drops he purchase even more shares resulting in more profit and somewhat control.
Oh what a honey hole.
My message was Nite who is a short has been there for over a year and a half.
it worked for ...............Glaxo..........
What a company does for its business sometimes is not always agreed on by some. Scrc decision seemed to have worked out fine it brought us to achieving stockholders equity.
Could the results had been different had they paid lower commissions? sure but for the worse or better. I guess we will never no that answer.
Folks should be aware that for JOSEPH ZAMPETTI as well as the other criminal CORE PIPE-holders who hold the 0.00 and 0.05 PIPE stock, that there are scores of these individuals out there, each using different brokers whose trades get routed thru any number of MM’s. Remember, there are thousands of MM’s, each servicing tens of thousands of buyers/sellers. No one knows which MM is who. Anyone who claims to know who a buyer/seller is based solely on the MM is trying to blow sunshine up your yahoo…
All we can do is to derive educated and logical theories based upon which category of shareholders at each cost basis level would be likely to be selling or not at any given sp level.
Also keep in mind that these 0.00 and 0.05 shares effectively provided a safety net that was not afforded to the rest of us retail shareholders that allowed these criminals to effectively lower their avg cost quite a bit, with many of them now riding free shares after selling some tranches and pocketing their original purchase cost back. As such, when “selling of the .05 stock” occurs, it is NOT going to always be specifically the exact .05 shares. At this point, shares are shares, and it is actually more likely that in lieu of selling the exact .05 shares, they will be selling their other shares, which they can afford to do now (and would benefit from doing for tax-loss reasons anyways) that they have lowered their aggregate cost basis and/or are now riding free shares.
Point is this: Dumping is dumping. We all know that a seller can specifically identify which specific lot of shares they want to be sold from within their entire portfolio of SCRC shares. Whether it is the actual .05 shares flowing thru WDCO or other shares flowing thru any other MM is wholly irrelevant. They are shares owned by JOSEPH ZAMPETTI and the other CORE PIPE-holders who have been claiming to hold all their shares in a vault for years and years…
...so what we know is that as of right now, we have Urbanski with his 560k shaes of .0665 stock and JOSEPH ZAMPETTI and his CORE with their roughly 10M shares of .05 PIPE stock that are still lurking in the float and would represent the most likely candidates to be motivated sellers at the current price level (not to mention that JOEY Z and his CORE still have about 2.5M more .05 PIPE shares that haven't even unlocked yet, lucky us!!!).
Oh, what a hoot… …JOSEPH ZAMPETTI continues to think that simply by adding the words “I spoke to some intelligent investors…” or “I spoke to some large investors…” or “I spoke to some hedge funds…” in front of the same false statements and bad math about SCRC will suddenly make these statements true, LOL…
…hey, let’s all play that game as well! I’ll go first:
I just spoke with Warren Buffet and it is his very strong opinion (so who am I to argue with “the Oracle”) that JOSEPH ZAMPETTI is an embarrassment to nature and a disgrace to SCRC.
Boy, that was easy!!!
In the case of converts during a certain period a converter can take lets say a million shares and could have whacked scrc down to .02 and it would have been 50m shares plus and not 22m.
More fantasmic math by JOSEPH ZAMPETTI and the criminal CORE PIPE-holders:
The more bonus that was paid, the higher the profits for the company.
Selling wasn't Seaside today. Form 4 filed.
been watching also and Nite who is a short has been playing games for well over a year and a half from what I've seen.
DILUTION UPDATE:
FYI to shareholders,
On WED, 12/10/14, 756,400 shares priced at .0665 belonging to Steve Urbanski is scheduled to unlock and hit the float. As an insider, it will be interesting to observe the next 5 days or so to see if he disposes of these shares or not.
I think the feelings of little ol’ JOEY Z and his gutless fellow criminal CORE PIPE-holders must be hurt, LOL…
Anyone who listens to the idiots on [insert your favorite MB here] and do not invest in SCRC deserve exactly what they get – NOTHING! Just read the last 12 PR’s
with a run rate of $60,000,000 on compounding alone and let us say the company earns .08 for the year is it unreasonable to think this company should not trade at least 10 to 15 times earnings which takes us to .80 to $1.20 a share.
Ok, so where should the PPS of SCRC be at this point? They are doing $60M in revenue and making money. Should it be trading for .12 a share and a $16.3 market cap?
You're wrong here. When pipe shares release they still need to be registered to sell. That takes times and I guarantee you it is not the same day as maturity.
I don't understand how you can talk about traders this way at all. They all have their own due diligence to read and invest other-wise.
The previous 10q will tell them a lot about the company along with notices and reports. One either decides to trade or not.
What pipe shares got to with the news of securing a $5m loan is beyond anybody else
Thank you Bob Schneiderman and Jeff Andrews and (Joey Z)
I looked at all these shares priced from .09 to .20 at the DEN and it totals 17m shares not counting the .0665 and .2765 which I have no idea where that is coming from. The .09 to .20 TOTALS 17M SHARES . WE KNOW THAT WE RAISED 22M AT .055 APPROX 1.1M DOLLARS GREAT MOVE AS WE ALL KNOW. SO IT IS BEING STATED THAT WE HAVE 17M SHARES PRICED .09 TO .20 AS WELL AS 22M SHARES AT .055 AND CLAIMS OF 50% SOLD. SO 17M PLUS 11M MILLION THAT STILL NEED TO BE SOLD THATS 28M SHARES PLUS 2.2M FROM SEASIDE SO 30.2M SHARES IS WHAT THIS INDIVIDUAL CLAIMS. I disagree very strongly.
So, JOSEPH ZAMPETTI and the other criminal CORE PIPE-holders are now saying the following in their best “Hey, look at me, I’m shouting in ALL CAPS so what I’m saying MUST be true!” voices:
TO BE CLEAR MR. URBANSKI IS NOT AN INSIDER. THAT IS YET ANOTHER DISTORTION.
wonder what the terms are??
Don’t know but I’ll guarantee you its better than those notes that they had.
I personally have sold ZERO shares since I've started investing in SCRC. I'm sure a few others can say the same.
In fact, shares are being purchased and "locked away".
There is a difference between "traders and investors".
In your scenario you are ommiting the investor's position here.
Are some going to sell their .05 shares. Absolutely and that is their perogative but as with life nothing is 100%, nor is the selling of ALL pipe shares out there.
DILUTION UPDATE:
FYI to shareholders,
On WED, 12/10/14, 756,400 shares priced at .0665 belonging to Steve Urbanski is scheduled to unlock and hit the float. As an insider, it will be interesting to observe the next 5 days or so to see if he disposes of these shares or not.
On 12/14/14 and 12/16/14, 700k shares of .05 PIPE stock belonging to 2 separate CORE members are scheduled to unlock and hit the float. If prior tranches are any indication, there is a high likelihood of leakage of some or all of these shares as soon as they hit the float.
On 12/16/14, 306k shares priced at .1235 will unlock and hit the float. IMO, these won't flush thru until the .17-ish level at the earliest.
On 12/20/14, 170k shares priced at .13 will unlock and hit the float. Same thoughts as with the .1235 priced shares above.
On 12/27/14, 600k shaes priced at .11 will unlock and hit the float. IMO, these may begin leaking out around the .15-ish level.
On 12/27/14 and 12/28/14, another 700k shares of .05 PIPE stock belonging to 2 more CORE members are scheduled to unlock and hit the float. That makes 1.4M PIPE shares in less than 2 weeks.
Anyone know exactly (within 5-10%) how much paper is left.
So we have all of this paper that needs to be gotten through. Ok. Even with that, shouldn't there be some buyers jumping into this stock now? We have had nothing but good news lately and we still have anemic volume and buying.
Golden Cross Occurring.
Absolutely correct. We would have been finished if things were not done the way they were.
I am sure all the shareholders of SCRC can't wait too see the numbers for the next quarter.
I am sure they will be GIGANTIC.
Joe is right and I think every "real" investor of scrc would agree. I'd rather have a retail investor have .05 pipe shares with the hope of selling at a nice profit than millions more notes that's are dumped recklessly as soon as available. Without the move bob made we would not have compounding and we probably would be sub penny.
So good ol’ JOSEPH ZAMPETTI is once again re-cycling his sad and disingenuous sabre-rattling that all shareholders should bow down with gratefulness that he and the CORE took 22M shares of .05 PIPE stock from SCRC because if SCRC had issued even one more convert note (in lieu of the 22M shares of .05 PIPE stock to HIM and his CORE cronies, of course, LOL), that he “personally knows” of several investors who would have completely sold out of SCRC and that every other shareholder would have followed suit and the sp would be near quadruple-zeroes. How dramatic, LOL...
This is like taking candy from a baby, but since petulant bratty adults aren’t children anymore, I don’t mind doing it over and over again if need be, so w/o further ado:
(1)
Every sober financial executive (as well as reasonably knowledgeable investor or other type of market participant) understands that convert notes are only shareholder UN-friendly if the company taking on the debt is not generating any revenues – more specifically, not generating sufficient cash flows to service the debt upon maturity.
And every sober financial executive also understands that when a company IS generating sufficient cash flow to service debt, that convert notes become VERY attractive financing tools as they now become extremely shareholder FRIENDLY, with the higher interest rates and steep potential conversion discounts acceptable because of the high probability that the company would be in a position to paydown the notes upon maturity and ELIMINATE THE RISK OF DILUTION either completely or at least partially.
(2)
Anyone familiar with the pharma sector (so I would imagine BS Schneiderman should fall into this category – for all of our sakes, he’d better, LOL) knows that compounding has always been the holy grail of the sector. For a company like SCRC that has no cash, the barrier to entry is high to either build one up from scratch or buy one – assuming you could even find one for sale. But once in, anyone with half a brain knows that there is little doubt that a compounding pharmacy will be profitable, and even if operated poorly by a blind circus chimp would still at least break even and still be self-sustaining.
There is virtually ZERO risk in compounding. It is the gold standard of the pharma biz, and is as much of a cash cow as you can get in the pharma sector. JOSEPH ZAMPETTI and the CORE PIPE-holders were exposed to as much risk as they would be of exposing themselves to the risk of falling to their deaths by slipping off of a 3-inch high street curb. And all parties involved knew this – especially BS Schneiderman.
It has been well known and even publicly stated by SCRC since 2013 that SCRC was looking to get into compounding and that a portion of any financing (be it via convert notes or .05 PIPE stock) would be going towards SCRC’s lending $175k to Implex for Implex to acquire Main Ave.
Business acquisitions (even of small businesses like Main Ave) take months to negotiate AND close escrow. So it is clear that Main Ave was being targeted at least as early as NOV-2013 in order for SCRC to PR that Implex had effectively taken over in early-FEB’2014.
(3)
SCRC could have VERY EASILY PR’d or 8K’d any new convert note issuances during this Q4’13 period as specifically being for getting into the compounding pharmacy business. Many speculative investors in pennyland would NOT have dumped SCRC upon hearing this news – rather, it would have put SCRC in unique standing as a penny stock that was not raising capital for either general corp activities or other vague projects, but instead for a clear objective in a very profitable compounding arena.
(4)
In addition, keep in mind that the timing of all this would have been towards the end of DEC-2013. And at this juncture in time, retail investors were NOT selling SCRC for anything. Why not? Because the RapiMed launch in China was expected to take place between 12/31/13 and 1/31/14 because JOSEPH ZAMPETTI and the CORE were pumping the living daylights out of this “mother of all catalysts” based upon the 11/1/13 China application date and the “60-90 day” regulatory approval timeline that was being hyped. I’m sure we all remember this wonderful countdown clock created and hyped by JOSEPH ZAMPETTI and the CORE PIPE-holders, right?
http://www.datecountdown.com/?&d=1%2f30%2f2014+12%3a00+AM&t=Chinese+RapiMed+Product+Approval#timer1
Heck, an announcement back in DEC-2013 that SCRC was getting into compounding would have done wonders for the sp – just think of how this combined with the expected news of RapiMed launching in China could have been touted and hyped as legitimate catalysts at the time. Heck of a 1-2 punch, if you ask me – especially considering that back in DEC-2013 there was NO REASON to doubt that RapiMed would launch in mainland China by JAN-2014.
(5a)
Finally, even without considering all of the other points above, it is a matter of sheer numbers. No investor in their right mind would “sell all their SCRC stock immediately if SCRC entered into even one more convert note”. This illogical assertion would essentially be saying that the following scenario would ever realistically play out:
In Q4’13, a retail investor is told that SCRC needs to raise capital. He is told that SCRC is considering two options:
Option A:
Enter into convert notes to raise $1.1M. Based upon the current avg sp of .15 during the NOV-2013 and DEC-2013 periods, the expected 40% discount would result in a projected worst-case scenario of 12M shares converted at a basis of .09. But since the financing is to go towards getting SCRC’s foot in the door with compounding, a cash cow, the probability is at least 50/50 that SCRC would be able to paydown at least part of the note. But even if not, the worst that could happen would be the 12M shares converted at .09.
Option B:
Enter into a PIPE deal to raise $1.1M. This PIPE deal would be priced at a 67% discount off of current avg prices and would result in 22M shares of immediately and perrmanently dilutive .05 basis stock getting issued. Even if compounding became a wild success, SCRC would have zero opportunity to paydown the note and avoid dilution of 22M shares of deeply discounted .05 stock.
Who in their right mind is going to say that if SCRC chooses Option A that they will sell out of SCRC? Who in their right mind is going to say that “I will only hold onto my position in SCRC if they dilute my position twice as much at a steeper discount!”
Seriously???
“I will stay if they dilute me 22M shares at .05 but I am outta here if they only dilute me 12M at .09!”
Again, seriously???
(5b)
And while we are on the subject of numbers, let’s address the hyperbole that JOSEPH ZAMPETTI and the CORE PIPE-holders like to spout that convert holders would have beaten the sp down so much in order to get more shares that the sp would have gone down to triple and quadruple zeroes.
First, look at SCRC’s historical tape. SCRC has had countless noteholders convert over the past 12 to 18 months – and by and large, the sp has held its own rather well. If you lay the historical tape down next to the SEC filings and look at what happened in the days surrounding a note conversion, you will find that SCRC’s sp has always been rather resilient when a noteholder converted his shares – ironically, the biggest craterings of the sp have had NOTHING at all to do w/note conversions, but rather have been when restricted stock held by JOSEPH ZAMPETTI and his fellow criminal CORE PIPE-holders have unlocked and they couldn’t get to the exit door fast enough with their shares.
Second, convert notes with 40% discounts are designed so that the noteholder does NOT have to care about where the sp is because they will get their 40% guaranteed profit regardless. For example, a convert note for $100k will yield either 166k shares priced at .60 if the sp is at $1 or it will yield 1.66M shares priced at .06 if the sp is at .10. Either way, the noteholder gets 40% and the EXACT same amount of profit.
Third, every convert note has its conversion pricing determined differently, so you need to look at the terms of each one. Some are priced using a VWAP over the 10 days prior to conversion; others are priced simply by taking the 3 lowest prints over the 10 days prior to conversion; and others yet are priced by taking the 3 lowest closing prices over the 10 days prior to conversion. There are countless more variations. B-U-T… …the one thing they mostly all have in common is that the pricing is based upon something that happens within a very small window of time prior to conversion (most often it is 10 days as I used in my examples, but there will be some out there with 5, 15, 20, 25 days, etc).
Why is this important?
Because what you may see is that a noteholder may try to impact the sp during this small window of time in a way that resembles a “bear raid” in order to get some ridiculously low intra-day prints or EOD painting down and then let the sp come back up. They don’t need tons of shares/trades cratering the sp – they only need a small number of solitary prints. And if the sp doesn’t come back up then their efforts have been in vain as they will still be stuck with “only” their 40% guaranteed profits. So once the noteholders get the low prints they want, they actually WANT the sp to now shoot up as high as possible, just as we do.
Now chew on this: Although there is a nice myth that is prevalent on MB's re: how noteholders like to drive the sp down in order to gobble up more shares, has anyone ever stopped to think thru HOW noteholders would even go about this? Do you think that they can simply use the Jedi Mind Trick and simply "will" the sp downward? Look folks, there are only two ways that a noteholder can readily impact the sp: (1) Short SCRC; or (2) Dump like crazy and mercilessly hit the bid. Remember, a noteholder is NOT a MM. So, w/regards to (1), the short interest reports have pretty much confirmed that shorting has pretty much been non-existent w/SCRC for years, so noteholders aren't doing this. And re: (2), in order to bring the sp down by aggressively hitting the bid, this first requires the noteholder to be long quite a number of shares to begin with. Think about that. Noteholders are financiers and have ZERO interest in speculating and being holders of SCRC stock (hence, the conversion terms that guarantee them 40% profit regardless of whether the sp goes up or down). They would be taking from Peter to pay Paul by taking a loss on their own common shares as they bring the sp down by hitting the bid if they undertook (2). This makes little sense, and the historical tape shows little evidence of this having ever taken place w/SCRC.
As retail investors/traders, we all know that penny stocks are volatile and we all know that short-term intraday blips in either direction are par for the course and nothing to worry about IF THEY ARE SHORT DURATION AND DO NOT INVOLVE TONS OF SHARES. And that is typically what the noteholders have done. As it pertains to SCRC specifically, they have been relatively benign on a macro level.
Having noteholders play short-term games over the course of a few days that have no lasting impact on the sp is clearly more desirable and shareholder-friendly than having 28M shares of 0.00 and 0.05 PIPE stock held by dozens and dozens of individual penny flippers posing as both paid promoters and amateur financiers dumping into the float relentlessly for the better part of an entire year now. These con artists have had an exponentially greater impact (in a negative way) on the sp than any noteholder ever had.
So please, enough of this nonsense as it only further dilutes credibility… …the only shareholders who would NOT be here had SCRC entered into convert notes and bypassed the PIPE deal would be JOSEPH ZAMPETTI and his CORE PIPE-holders. Now THAT would be the ultimate pipedream, LOL…
Just need to let you and others know that the "core" are not the only holders here in this game. Example, some traders want at least a 20% profit, we could be seeing those who bought in at .09-.10 now taking a profit ( just an example). Remember there are traders and investors.