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First off, if there were any violations of SEC laws like you are stating, please post the appropriate SEC filings against any such individuals please.
neither am I a lawyer specializing in SECURITY EXCHANGE RULES AND REGULATIONS. Are you?
17(b)
It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.
Interesting day today. Although volume was again relatively illiquid (meaning that whether red or green, the small number of shares traded is insufficient to conclude whether what transpired today is indicative of any particular trend), I did notice something that I haven’t seen in a while:
Less aggressive walking down of the ask. Yes, the ask still got walked down a bit throughout the day, so there is still one or more highly motivated seller out there as we have begun seeing since the first tranches of the .05 PIPE stock unlocked in JUL-2014, but it was the lightest and involved the smallest increments of movement that I can recall seeing for quite some time.
And, as I have been saying for a while, if these CORE PIPE-holders could just keep their pants on for longer than just a few seconds at a time, they would see that if they just exercised a bit of patience and restraint, everyone – including themselves (shock!) – could benefit by letting the market see steady rises, see bullish TA indicators and charts start developing, start seeing resistance levels being plowed thru, etc.
It is clear that the buyers out there are sensitive to the ask, because as soon as the ask drops, they sense weakness and drop their bid knowing that a motvated seller will soon hit them (which a seller almost always does) -- and this has played out like clockwork since July. BUT, similarly, as soon as the ask refuses to budge downward, the bid very quickly comes up and for quite some time today we saw a relatively tight B/A spread with the bid in the high .11's, which is what we want to see on a more regular basis.
Would like to see this continue and not only not be a one-day wonder, but to see it on a higher volume day as well…
Money is a commodity no different than any other commodity.
If you needed a loan, the bank may charge you 15%. Your credit card company may charge you 39% for a cash advance. A local payday advance outlet may charge you over 75%. Your neighborhood back alley drug dealer/pimp would charge you at least 100%.
SCRC agreeing to obtain financing from JOSEPH ZAMPETTI and the other CORE PIPE-holders by selling them 22M shares of stock at the clearance rack price of .05/share would be the equivalent of going to the neighborhood back alley drug dealer/pimp and saying “Yo yo yo, my man, I need a loan and I insist that you charge me 200% interest; would that be OK with you?”
Would YOU do this? Of course not. Only a fool would willingly overpay for a product/service when the highest market rate at the snobbiest boutique store is still significantly LESS than what you inexplicably insist on paying.
But that is precisely what BS Schneiderman has done with OUR shareholder assets.
During the NOV-2013 and DEC-2013 period, when this scheme was being concocted and JOSEPH ZAMPETTI and SEAN FITZGIBBONS began feverishly recruiting CORE members to invest in .05 PIPE stock, the sp ranged from .11-.30, with the weighted average pretty much smack dab in the middle at around .15.
Based on this sp info available at the time, BS Schneiderman deliberately decided that it was a good idea to give a group of amateur penny stock flippers – the same ones whom he KNEW were SEC Section 17(b)-violating criminals based on their non-disclosing violations during the promotional pumping that they did for him earlier that summer – an average 67% discount off the stock and sell it to them for .05/share.
This was even in spite of the fact that SCRC’s sp had NEVER before in its entire history ever closed below .14 (except until the “D” part of the P&D that the very same JOSEPH ZAMPETTI and the CORE PIPE-holders orchestrated played it outself out during the summer/fall of 2013, culminating in the all-time low print of .081 on 10/11/13).
This was also in spite of the fact that even the slimiest of convert noteholders – professional financiers who understood the leverage they held with companies in distress like SCRC – only get a 40% discount on shares (and that is only IF they even get a chance to convert).
Now what basis could there have been to decide that giving amateur penny flippers a 67% discount is better for shareholders than giving professional financiers only a 40% discount?
And to boot: With convert noteholders, there is the opportunity to paydown anywhere from a portion to all of the debt, leaving either ZERO shares to convert or only partial shares to convert at a 40% discount. BUT, with the .05 PIPE stock, not only did we give away a 67% discount, but 22M shares became immediately and permanently dilutive from the time the ink on the PIPE deals dried – REGARDLESS of whether or not SCRC generated enough cash flow (which it did) to paydown the notes prior to conversion.
Here are some actual numbers for you all to chew on:
SCRC only raised ~$1.1M in cash by selling 22M shares of .05 PIPE stock.
Had SCRC even given a 40% discount instead of a 67% discount, the shares would have been priced at .09 instead of .05, resulting in ~$2M in cash proceeds for the 22M PIPE shares issued instead of just the measly $1.1M. So shareholders got screwed out of $900k in capital.
Had SCRC decided that it only needed to raise $1.1M, if it had priced the PIPE deal more competitively at .09 (which would have still reflected a generous 40% discount at the time the PIPE deals were being negotiated), it would have resulted in only 12.2M shares being issued – NOT the 22M.
Either way you look at it, SCRC (and by extension, us shareholders) should have gotten either $900k more cash OR been subject to 10M shares of LESS dilution – with the 12.2M shares worth of dilution only being at .09 instead of .05.
And all of us know that without a doubt that if these shares were priced at .09 instead of .05, there would NOT have been as much motivation to dump shares when the sp barely hit the .12-.15 range and the sp would have likely continued to rise and set new bases in the high teens at a minimum instead of the .09-.11 levels we have been mired in since the initial tranches of the .05 PIPE stock began unlocking this past JUL-2014.
Now let’s take a look at the scenario where SCRC had the courage to say “No” to JOSEPH ZAMPETTI and the CORE PIPE-holders and instead decided to take out more convert notes. What could have happened?
(1)
SCRC pays nothing upon maturity and 100% of the notes convert into common stock.
(2)
SCRC pays down part of the notes and only the remaining balance converts to common stock.
(3)
SCRC pays down all of the notes and NOTHING converts.
Under (1) above, which is the worst case scenario, regardless of whether Main Ave bombed and SCRC had no money to pay back the note – or whether Main Ave succeeded wildly as we know it did but chose to let the notes convert because it wanted to divert the cash to invest elsewhere – the WORST that would have happened is that the entire $1.1M balance would have converted into only approx 16.5M shares priced at .066. This number is based upon an estimated VWAP of approx .11 over the course of 2014 thus far (which is a number that I do agree with JOSEPH ZAMPETTI on) and discounted 40%.
That represents 5.5M (or roughly 25%) LESS shares diluting the hell out of us – AND the 16.5M shares that would be diluting us would only be priced at .066 instead of .05, which represents a 32% higher cost basis compared to .05, AND THIS IS A HUGE DIFFERENCE.
Under scenario (2) above, let’s say that SCRC managed to paydown half of the notes. This means that the resulting dilution from the conversion of the remaining half of the note balance would have only been approx 8.3M shares priced at .066. Every 10% paydown represents approx 1.5M shares of less dilution, so you can run your own scenarios at each interim paydown level to see how much shareholders could have benefited from even the slightest paydown with all the cash that has come in from Main Ave.
Under scenario (3), there is ZERO dilution as SCRC pays down the entire $1.1M by the maturity date.
Now contrast this again with the .05 PIPE stock… …regardless of whether SCRC was able to paydown any portion of the financing, the PIPE deals would NOT have permitted SCRC to do so, and inherently prevented SCRC from being able to even try to stop or minimize the dilution with the cash flow proceeds from Main Ave.
No, the PIPE deal was yet another sweetheart deal that BS Schneiderman inexplicably felt compelled to give to JOSEPH ZAMPETTI and the CORE. This PIPE deal follows on the footsteps of BS Schneiderman paying JOSEPH ZAMPETTI and the CORE $2.7M in stock (~6M shares of 0.00 stock) based on valuations of the “investor relations-related consulting services” that were disclosed in the SEC filings in exchange for appox 45 days worth of stock promotion/pumping – when a professional (and SEC Section 17(b)-compliant) promotional firm would have only cost $225k for this same 45-day campaign.
Anyone can do the math for themselves. The PIPE deal that unleashed 22M shares of punishingly dilutive .05 stock was wholly unnecessary and a textbook example of poor corporate governance that resulted in all shareholders (other than JOSEPH ZAMPETTI and the CORE PIPE-holders, of course) being significantly harmed.
Pretty sure if people new the money was use for buying the specialty pharmacy with a run rate of 65Mill would. Without that money how do u think we could have gotten main?
So laughable when people don't understand that nothing is free in this world
As I said a start up company. They all go through trials and tribulations. Ever bought into a start up before and have them make claims and only found out they couldn't produce. It happens.
so considering that you still won't provide any basis for that EPS projection you threw out a few days ago, I'll give you another question that should be more black and white to answer: What is YOUR position with compensated promoters intentionally violating SEC laws and refusing to disclose their compensated status while posing as "regular" retail investors and urging them to buy-buy-buy, hold-hold-hold, and add-add-add each and every day even though SCRC was not only in a horribly bearish trend with unprecedented dilution unfolding, but also that it was these non-disclosing promoters' own shares that these unwitting and trusting investors were being sold?
bring on the fact please. As I know this is not true.
I believe those .05 shares actually have helped to get SCRC to still be in existence.
In response to another question I received from a fellow investor:
TUTs buying into SCRC can be a two-edged sword, especially if you happen to be a shareholder at the time the capital raise occurs.
There is a reason why investors looking into buying into a stock want to know how much TUT ownership there is. Notice they want to see a high TUT ownership % BEFORE they themselves buy in? Most typically don’t want to take the risk of being around WHEN the capital raise occurs in the event that the capital raise is at a discount that may result in a decline in the sp once the market hears about it.
Everything depends on the terms and the pricing of the capital raise. Many are fairly priced. Some TUTs truly believe in a company and are willing to pay fair market value, but just don’t want to drive the price up artificially by trying to buy a substantial position on the open market. So, for example, they will enter into a private placement deal w/the company directly to purchase their massive tranches at the current prices. So, when this happens, it is good for existing shareholders because no one is cutting in front of them in line with discounted shares. The bad thing is that by going the private placement route, this results in new shares being issued, which means dilution. BUT, if the deal is fairly priced, I have typically seen that the market will take this type of deal in stride and absorb the dilution with minimal volatility as the absence of a discount is viewed as bullish.
The worst case scenario is a private placement at a discount. Here, we have not only dilution due to new shares being issued but also tons of shares cutting in front of you in line because they have a lower cost basis than what current shareholders have. This is precisely what happened with the 22M shares of .05 PIPE stock that we are all suffering through, which has suppressed the sp for pretty much the entire 2014 year.
Another scenario is if a TUT decides that they prefer to buy shares on the open market. If this happens, the good thing is there is no dilution as they are simply buying existing shares. The bad thing is that there is typically a reason why a TUT would rather pay open market prices than buy at a discount thru a PIPE deal: The TUT has no intention of being a long-term investor but is essentially no different than a retail trader and intends to flip. That is the primary reason why TUTs would forsake buying shares at a discount: To not be trapped in a 180-day lockup period that would come with buying discounted restricted stock.
So these TUTs would also have the resources necessary to short the stock in order to hedge their long positions (understandably so), so the probability of increased shorting activity increases as more of these TUTs climb aboard the SCRC train. Shorting is largely non-existent currently due to retail’s general inability to procure the maintenance account levels necessary to short penny stocks (i.e. it is too cost-prohibitive). These trading-centric TUTs will simply add to the volatility, which can be good and bad for existing shareholders depending on whether you trade around a core position or not.
In response to a question I received from a fellow investor:
SCRC’s relationship w/Ironridge (IR) has taken a sour turn over the past several months as evidenced by the recent lawsuits, which the courts unfortunately – but expectedly – ruled in favor of IR and against SCRC.
Aside from the loose ends pertaining to the lawsuit (i.e. the issuance of the remaining additional shares that the Courts ruled that SCRC must fork over to IR), I do not foresee any further relationship between SCRC and IR. This ship is sailing away as we speak and I hope we never see the SS Ironridge ever again.
IR has never been a friendly long-term investor to any company it climbs into bed with. If your company needs IR, your company is already neck-deep in doodoo. IR is the textbook opportunistic financier and they typically come in when you have the LEAST amount of leverage (i.e. you need IR more than IR needs you – and both of you know it) and basically force you to accept obscene terms in order for you to be able to literally keep your lights on. IR comes in when you have no money to pay your bills and your vendors are at your doorstep, and IR typically will enter into an agreement with you to pay off a big chunk of specified A/P on your behalf in exchange for a combination of future cash repayments at obscene interest rates and obscene amounts of stock (sometimes they will just demand boatloads of cheap stock).
When SCRC initially engaged IR last year, they of course had to put a positive spin on it, calling IR the true partner they have long sought. But I and a few other voices here warned retail investors that IR was no friend of SCRC shareholders and to be expect turbulence. But of course, these words were drowned out by the chorus of pumps by JOSEPH ZAMPETTI, SEAN FITZGIBBONS, and the other Section 17(b)-violating CORE criminals who had been compensated by SCRC to pump the stock – classic pumps such as “I’m not worried about IR and you shouldn’t be either! IR is friendly, folks! If IR took a peek inside the SCRC castle and liked what they saw and invested in SCRC, then that is a bullish indicator that tells me it is time for me to buy more SCRC stock!”
Don’t get me wrong. Mis-managed companies often find themselves needing IR to help get them out the mess they’ve made for themselves. Which is fine. But as an investor, IR’s involvement is always a red flag to pause and observe and take a “wait and see” approach – not to continue diving in headfirst on a buying (and holding) spree the way that JOSEPH ZAMPETTI and the CORE were actively luring retail investors to do.
SCRC did what it had to do at the time by engaging IR and SCRC is now in a position where it should no longer require the services of IR or any other vulture financier – including JOSEPH ZAMPETTI and the CORE.
I have listened to many other CCs - this one, well, seemed like both Bob and Jeff were somewhat nervous - did not flow too well. I am 100% behind SCRC but Bob's interviews and the CC have not been super impressive
My understanding is, that core has tens of million shares and most are long term investors.
Their strategy is to hold and wait for news that SCRC has been pumping out about its business lately.
As Bob S. said on his conference call they are in the short run completing a multi-million dollar line of CREDIT not thousands but Millions with more than reasonable rates and plan on paying down about $500,000.00 on debt. At which it will help remove that " dilution".
What is your position with the LINE OF CREDIT of multi-million dollars that Bob is working to acquire?
They wouldn't do it if they weren't going to make money off of it
Its a start up company man, they always in the beginning have plans that don't always fall through as scheduled.
your whole conclusion is based on PIMD selling there one dollar product for five dollars to other buyers. If that were so ,SCRC would add the four dollar profit to its bottom line and poor MAV would gain nothing . This would be a blessing for PIMD who has sold nothing of consequence
HE and I realize this would jump PIMD sales to more than one million per quarter. You may be able to get a better approximation if you know what fraction of the topical cream cost constitutes the chemicals. AT 10% the sales per quarter would be 1.5 million dollars at the current run rate of 60 million per annum.
If someone were a daytrader here at SCRC and wanted to talk the stock in to buy cheap and then talk it up to dump high, and then rinse and repeat, why would this person ever be advising folks to NOT buy-buy-buy and hold-hold-hold? Why would this person be encouraging others to watch their entry and exit points and wait for better prices? Why would this person be encouraging others to trade, de-risk, and TAKE PROFITS, as this only creates unnecessary competition for the few cheap shares (when buying low) and few buyers (when selling high)? Doing so defeats the entire purpose of trying to flip. A scalper would NEVER encourage others to trade out to take profits.
In order for that person to scalp, they would need to: (1) Always encourage others to buy and hold but never trade when the sp is low – so that there is little competition for the “cheapie” shares; (2) Always encourage others to buy and hold but never trade when the sp is high – so that there is little competition to dump shares to new buyers; (3) Always tout an impending catalyst “coming soon” that will be a “game changer”; and (4) Never encourage others to take profits.
You know, exactly what JOSEPH ZAMPETTI and the CORE “investors” have been doing for the past 18+ months now, LOL… …and unfortunately for all “non-CORE” investors, the non-stop dilution caused by JZ and his CORE has effectively “talked the sp in” on its own from 1.05 to its current .11, not far from the historic low of .081.
Oh, JOEY JOEY JOEY… …anyone who knows how to read a basic balance sheet knows that it is NOT the balance sheet that you read if you want to glean any information about whether a company is making money or not, LOL… …it is the income statement, LOL… …a balance sheet is simply a snapshot of the condition of the company as of one moment in time (the day of the report, which for the calendar-year-end SEC reporting entities like SCRC is always 3/31, 6/30, 9/30, and 12/31 of each year) and tells you the asset balances and the liability balances, and the difference between the two is the shareholder equity balance. Nothing in the balance sheet can tell a reader one way or the other whether a company made any money.
JOEY Z is still touting that the water is safe because there is only 6M shares left in the overhang that has yet to flush thru.
Well, the SEC filings disclose these:
Priced at .0665 --- 756,400 shares (this does NOT belong to Seaside)
Priced at .09x ----- 3,490,005 shares
Priced at .10x ----- 1,826,366 shares
Priced at .11x ----- 3,646,761 shares
Priced at .12x ----- 4,587,573 shares
Priced at .13x ----- 1,388,227 shares
Priced at .14x ----- 3,097,564 shares
Priced at .15x ----- 836,724 shares
Priced at .16x ----- 1,003,442 shares
Priced at .17x ----- 1,900,262 shares
Priced at .18x ----- 170,073 shares
Priced at .19x ----- 953,378 shares
Priced at .20 ------- 937,321 shares
Priced at .2765 ---- 597,756 shares
And what does this total come out to? Over 25M shares that are still lurking in the float, most likely because of their higher price levels, which will consistently provide pushback and blow headwinds into any runup once you get into the mid-teens (as we’ve seen on multiple occasions already over the past few months). This is because the mid-teens is the level at which the lowest priced shares listed above will realize profit levels that can begin satisfying the financiers who hold them. So in the absence of a major catalyst (or P&D – hint, hint) that can generate a boatload of liquidity, it will be a while before all these shares flush thru. And, as I’ve stated multiple times, until the dilutive impact of these shares flush thru, there will continue to be a divergence between company operational success and shareholder success as the sp will continue to be out of sync with and not be reflective of SCRC’s operational results.
It will be a slow process of building up new base levels penny by penny as the inevitable traders along with the dilutive overhang holders at each price level sell at each penny uptick – it will suck to watch but the good thing is that for each dilutive share of lower priced stock that is sold (even if it suppresses a run), it is replaced by a new buyer with a higher cost basis that is set at current market value. This is how we can build new bases, brick by brick, level by level, in order to protect ourselves from future all-out craterings… …but of course the caveat is that we hope that we will see no further issuances of cheap shares (but if TUTs negotiate directly w/SCRC, who knows what BS Schneiderman will agree to in order to get his hands on cash)…
As I’ve stated before, does it mean “DON’T BUY!” No, of course not. There is plenty of data in the public space that warrants a reasonable speculative thesis for SCRC. However, does it also mean “HOLD BUT NEVER TAKE PROFITS!” Similarly, the answer is once again an emphatic NO.
And, keep in mind that the share count numbers I listed above do NOT include ANY of the shares belonging to either the CORE PIPE-holders (~22M shares) or Seaside (~5M shares). According to JOSEPH ZAMPETTI and the CORE PIPE-holders, there is approx 6M combined shares between the PIPE and Seaside. No way to verify this, but just for giggles let’s take what they say at face value, so we can take this 6M and add it to the 25M+ shares listed above, and we arrive at 31M+ shares that are still lurking in the overhang.
So, you can believe JZ’s 6M or you can believe the SEC filings. They can’t both be true… ...not to mention JOEY Z saying from one side of his mouth that there is only 6M more PIPE + Seaside shares left in the overhang while from the other side of his mouth saying that he and the CORE have zero interest in trading and taking profits and are holding all 28M shares of their 0.00 and 0.05 PIPE stock in a vault for years and years -- again, both statements can't be true... ...LOL, only someone with a forked tongue could manage to utter all these statements at the same time, LOL...
The seller today is mostly dlny/Seaside, about 155K shares
”138 million shares outstanding”?? that seems low.
Bob Schneiderman, commented, "We are pleased that our specialty pharmacy continues to report tremendous revenues and is maintaining an annual run rate over $60 million. As ScripsAmerica closes 2014 in a very strong financial position where revenues have experienced dramatic growth,we are currently profitable and have a favorable capital structure with less than 138 million shares outstanding, we believe the company is greatly undervalued right now."
This confirms we are CFP! Go SCRC! Tut
TYSONS CORNER, VA, Dec 03, 2014 (Marketwired via COMTEX) -- ScripsAmerica, Inc. (OTCBB: SCRC) today announced that its wholly owned subsidiary, Main Avenue Pharmacy, reported $5,257,753 in approved orders during November of 2014. This represents the third consecutive month that ScripsAmerica's specialty pharmacy generated over $5 million in sales.
SCRC gains profits by PIMD selling to MAV According to your example PIMD cost is 1 dollar and sells MAV at 4 dollars for a 3 dollar profit. When MAV buys for 4 dollars instead of 5 dollars at the competitor, they show a one dollar lower cost or 1 dollar more profit. THUS, SCRC GAINS A TOTAL OF 4 DOLLARS ADDED TO their bottom line. If as you suggest PIMD could sell their product for 5 dollars, then PIMD shows 4 dollars in profit while MAV reflects no additional profit. Any way you slice it SCDC shows a 4 dollar gain in profit!
From the ScripsAmerica website!
But with all of the good news around the company with numbers, the PPS isn't really moving. Is it wrong to think that a company with good revenues and EPS shouldn't have it's stock moving up in price? Why would the PPS stay where it is with all of the revenue numbers that are coming out? With this type of annual run rate, this stock should be screaming but it's not.
That is just wrong to say
Urinating in the pitcher of Kool-Aid is really raw and uncalled for especially by you. However, you are correct in no double dipping. Nevertheless, if PIMD sells MAV and makes a profit, it may not show up in revenues, but it will increase SCRC's bottom line profit, provided that the products sold are lower in cost than present competitors.
as of the 3rd Quarter filings I didn't see were we were CFP yet!
Its significant to me because I was not aware of the results and l'm sure others may not be aware. So if there is a problem with rediscovering facts about a company and reposting them here then maybe everyone here should leave.
The history of a company is very important to investors .It's my post and please don't anyone criticize my post.
Yes, as I stated there are many reasons a company would use a R/S Thanks for agreeing
Will SeeThruEquity issue an analyst report to initiate coverage on SCRC that will contain a quote from a SeeThruEquity exec to provide the appearance of legitimacy and independence as well as provide a liberal price target of many hundreds of percents higher than where the sp currently stands?
Here is the daily kool-aid being served up by JOSEPH ZAMPETTI and his CORE yes-men… …apparently, if PIMD gets licensed in NJ, they can sell raw materials to Main Ave, which will allow SCRC to “ring the bell twice” and “double-dip” in reporting revenues (i.e. Revenues from PIMD selling to Main Ave and then Main Ave turning around and selling to end consumers).
Well, gosh, I suppose if their auditors are willing to risk their licenses by allowing SCRC to violate US GAAP, then, what the hell, go for it!!!
Such nonsense.
Most reasonably knowledgeable market participants understand basic US GAAP and SEC filings (if not, then they REALLY have no business hanging around pennyland, let alone equities in general), and a fundamental rule is that related party transactions are always eliminated during the consolidation process. This means that ALL revenues related to PIMD selling to Main Ave disappears and doesn’t show up anywhere in SCRC’s financial statements.
But, please, don’t let me urinate in the pitcher of kool-aid – I wouldn’t want to accidentally dilute the potency of the cyanide that it is laced with…
There are many other reasons for issuing a R/S
I support a R/S especially one that removes quite a few of these small share holders.
As I've stated that the only concern to investors is not Joey and the core but the performance of SCRC
What's significant the product is there and has been through manufacturing
The product has already been on the shelf for a year! Can they even sell it?
ScripsAmerica Exercises Option to Acquire 90% of PIMD International, LLC
Quote:
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So whereas Oct earnings were $5.6M it can be pretty safe to say Nov(guess)will be at least $5.0M that alone when up against 135m O/S would put us somewhere around .0075 EPS for the next quarter already WITH JUST 2 MONTHS
Just think about it
________________________________________
Are you getting this .0075 EPS by taking the OCT and NOV numbers (estimated for NOV as you state) and then simply dividing thru by 135M shares? If so, then did you mean to say .075 instead of .0075? But if not, how are you arriving at .0075?
Just found these gems being spouted by JOSEPH ZAMPETTI in the dark nether-regions of the public space:
I believe the core is sincere when they say they are looking for much higher levels.
I must say there truly is absudity that is in the air at the other forum. Just this am we are reading that SCRC need to alert all the financial news outlets that they are cash flow positive. So silly… …there is no need to go on rooftops and yell CFP that is PROBABLY THE DUMBEST COMMENT OF 2014!!!!
We now have CASH so we are able to do dog and pony shows that will bring visability. How was the company going to get the word out 5 months ago with no $ in the bank?
The core is not consumed with the minute to minute, hour to hour. day to day price movement
We support current management
I have had TREMENDOUS FEEBACK ON CHAD FROM INSTITUTIONAL INVESTORS THAT RECENTLY BOUGHT AT .11 TO .13 AND WILL ADD MORE ALONG THE WAY
STOP CALLING EVERYONE AND MAKING ACCUSATIONS SELL YOUR DAMN STOCK AND BUY SOMETHING ELSE IF YOU DON'T LIKE IT HERE BE GONE!!!!!!!!!
Looks like $.05 shares leaking out today.