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What would really be cool and above board is that every person mentioned in your post identifies himself by his Investorshub moniker.
Transparency, yeah!
I mean figured you'd want to mention all of the "offending" parties so there would be some semblance of credibility.
Why are you saying it is terrible market conditions for SCRC.
But why the boner for Joe Z?
Chase fritz is in the filings for 9 months and received 275k shares. It looks like zampetti got 1m roughly, so somehow in 9 months fritz could not be mentioned?
every day that goes by gets us closer to April 22. Looking forward to when Ironridge has no more shares to sell.
how is this post by CB viewed as on topic?? How did it ever get reinstated??
There is a great biased from the admins. Why is this post still here? There is no mention of the company, only a veil threat to a former poster.
The positives at this stage for scrc far outweigh whatever negatives that remain. I picture myself waking up in 3 years to see all the wonderful moves scrc has made, all the revenues amassed and new products created. My dream won't be stolen.
I agree with Garci as well with what his thoughts on .05 cent stock vs Ironridge. I absolutely concur as Ironridge was issue 9m or 10m of free trading restricted stock on nov 20th. The free trading that was issued started right away vs 144 stock which is a 6 month hold. Would you rather have a 6 month hold traditional restricted paper or 10m free trading paper right away????? I believe everyone would much rather have 144 stock which is a 6 month term vs Free trading that Ironridge had.
Did you say you were long SCRC, or did you say you were short.
@kenbe,
I was in the middle of replying to your post when it got deleted. I do feel you deserve a response, so here it is. If IH-Admin deems this OT, then hopefully you will read it before it gets deep-six'd.
I have put forth many opinions and theories on this board over the past many many months, and each time I support everything I say with lengthy explanations, which include facts and, if available, links to SEC filings and/or other independent and corroborative evidence.
If you have specific points of mine that you have in mind that you feel are baseless, I would welcome a dialogue with you or anyone else about them. Please provide an example (or as many examples as you would like) and proffer up your take on the MERITS and SUBSTANCE of what I posted. I often change my mind on matters when presented with FACTS or other credible sources of information that either suggest that my conclusions were incorrect or provide new pieces of the puzzle that open up other, more reasonable alternate conclusions.
That being said, I am still waiting for signs of intelligent life as it pertains to the incessant and reckless touts by the criminal non-disclosing paid promoters that have been rampant on this board for almost a year now.
I look forward to your reply...
Absolutely correct. Especially if the money is used to improve the company. Such as, buying another company, doing R AND D, improving products and so on.
NO ONE COMES INTO OUR HOUSE AND TRIES TO PUSH US AROUND.
I prefer to see the company issues restricted shares to some people who believe in the scrc mid term project (I.e. 6-12months) rather than to see company like IR selling and selling shares in the market and holding the pps very low!
Seems to me that management is taking a page of of this playbook and turning things around. Right now share price is at one of the lowest point, but headlines are pointing that we are turning around slowly in the right direction. I feel confident about adding more down at these levels.
@flyers,
I am hoping that the 10K will NOT disclose any futher dilution, especially from new issuances of restricted stock, but I just can't come up with any other way that SCRC could have come up with so much cash on hand during Q4, especially since we all know that their new revenue stream re: the NJ compounding pharmacy did not come online until FEB-2014 (on top of the fact that we have no clue what SCRC's cut is nor what the margins are) and that their other existing revenue streams are not even cash-flow positive yet.
I had previously opined in a post a while back close to the time when the PR came out announcing "No new notes since 10/23/13" that unregistered private sales of restricted stock appeared to be the logical explanation and had theorized that based upon the current sp at the time that a very steep discount would have been likely -- one that would translate to a restricted stock sale of approx .05/share. This was my educated guess -- and hopefully it would be the worst case scenario -- as to the price that would make it attractive enough for private investors to accept the deal.
This is why I am very eager to see the 10K disclosures as I want to put these dilution concerns to bed one way or the other. Again, I hope my theory ends up being unfounded.
I've done DD and am only waiting for those notes to go away.
The fuss going on here is enough to make a grown man sick.
We all invest in our own best interest and push the buy button. Why this argument about this guy or that guy is immature one should pay attention to what's happening on their side of the fence.
So if your not long or somewhat long take your profit when your ready and be gone and please don't criticize others for believing in what they put their money on
For the record...I'm with Joe and the core.
I've not received compensation, I'm not a consultant, I'm an investor who believes in scrc and the ceo is all.
I'm happy to be a part of this gem from the ground floor.
To identify us "core" as criminal is unfair and criminal itself. All my shares were purchased with my own money.
I don't know who your target audience is.
Iron ridge is almost through 6 million shares. You think we care about 2 million shares in very strong hands?
I think you need a better argument as to why one should not invest in scrc if you can find one.
Initially Kidrin said no dilution until after a Markman. Things have changed. I still believe we run , tomorrow and a Markman is scheduled for mid summer at the. Latest.
Some of the messages on this board are VERY disingenuous
Even you will admit that SCRC is bringing in revenues. The compound business, Tenn., soon to be Rapimeds. We shall see who comes out the winners here. The shareholders who believe in the company and their products, or the people who do not believe.
The key will be timing. I hope your interpretation of Kidrin's intentions is correct in that NEITHER the R/S nor the secondary will be effectuted until AFTER WDDD has prevailed in its suit vs ATVI. But the timing of the S-1 a couple months ago when the Court had still yet to rule on the MSJ certainly raised eyebrows as to whether WDDD may have changed course (i.e. an act of desperation to raise capital NOW while it is still in operation, as a pre-emptive step in case the Court dismissed the case).
And, yes, fundamentally, I do not dispute the points you raise re: the offering price; however, until the final offering price is known, this is a TBD issue; in addition, for penny stocks, fundamentals don't matter -- market sentiment rules all, and the mere effectuation of a R/S virtually always acts as a negative catalyst. And the vast majority of capital raises also react negatively in the short-term. And since the vast majority of investors in WDDD are only in it for the short-term (i.e. one catalyst at a time, with the Markman being the first), it is still my belief that any announcement of either a R/S or a secondary taking effect will be adverse news to shareholders at that time.
No one can get anyone to buy just by telling them to buy. Everyone should do their own DD. If you buy without doing your own dd and you lose money, it is your own fault. To blame anyone else is sour grapes.
You are correct in that WDDD has publicly stated a R/S will precede any effectuation of this secondary offering. I completely forgot about the R/S and only remembered that this S-1 was out there from a couple months ago -- so thanks for refreshing my memory on this. But now that you have mentioned it, I do recall when WDDD made the announcement of their intention to move forward with the R/S, and I recall being upset about it because Kidrin had publicly stated a while back that he had no intention of moving forward with a R/S UNTIL the case against ATVI had progressed to a deep enough stage where victory was more likely than not.
That being said, my post was based primarily on the fact that WDDD has yet to provide pricing info in the S-1, and even if it did, and even after the SEC issues its Notice of Effectiveness, WDDD can still file an amended S-1 to change the final pricing later on, so long as it's before it begins issuing any new shares under this offering.
My primary point was simply that having a potential S-1 kick in and dilute the market -- or, it seems that the looming R/S will be the first negative catalyst that would precede even this S-1 -- has the potential to suck the wind out of any pre-Markman runup that may be taking place if the timing of it occurs in the middle of such as runup. Which is why I opined that the best case scenario for investors is for any R/S and S-1 secondary to take effect as early as possible so that the dust of its aftermath can settle before any runup.
But I would be interested in your thoughts, though, as to why, if the sp begins to appreciate prior to either the R/S or S-1 taking effect, WDDD would not take advantage of this and increase the offering price of its shares? My comment re: the good vs bad of low prices vs high prices was geared not so much toward the prices itself, but more towards what it would mean if the prices were increased to be higher (i.e. it would mean that if an increase in the offering price were to occur, it would mean that the timing of such a secondary would likely be well after any runup had begun). And such timing would create substantial risk of loss for shareholders who are now at risk of losing their runup gains (or worse yet, going into the red if they continued to average up). Certainly, as I stated in my OP, higher offering prices is good for WDDD, but the particular circumstances of this particular secondary (i.e. potentially hitting in the midst of a runup) would make it non-ideal for existing shareholders.
With the revenues coming in on the compound increasing every month, it is just a matter of time till wall street
sees this and starts buying. It is just a matter of time before this happens. The compound is one part of the puzzle.
The other parts are also adding revenue. We should be selling at least .30 to .40 before the end of the summer.
that he believes that every shareholder who owns stock in SCRC does have skin in the game and that no one has a cost basis of 0 even if they owned restricted stock.
In my opinion, SCRC has been following through with their forward looking statements
I am sure there are many penny stocks that pay off convertible notes with revenue or how else would the notes get paid off?
So hypothetically and I ask this question as a hypothetical, as a quid for quo, if you were to lend a company money because you believed in that company and in the CEO, would you not take stock for your loan and for taking that risk would you not feel entitled to receive that stock at some discount off of the market price when you loaned the money or would you say here is money for your company, and by the way, pay me back when you have a chance.
Does this mean Blast Off for Monday?
Thanks again, janice!
Thanks for your time in responding. The situation I was inquiring about was regarding an S-1 for a secondary, not for an IPO. Janice has since also responded w/the info I was looking for, so I'm good now. Thanks again...
3-part question for you, janice:
(1)
If a company files an S-1, they cannot begin issuing these new shares until they received notice from the SEC that the S-1 is "effective", correct?
(2)
When issued (or very shortly thereafter), the SEC's "Notice of Effectiveness" will be available for the public to see on EDGAR, correct?
(3)
In your experience, what is the range of time that the SEC typically takes to issue their Notice of Effectiveness? There is a company I am observing that filed an S-1 in early FEB-2014. It's now been two months; should the radio silence be a red flag for anything at this time?
As always, TIA!
Is it painting the tape when 185,500sh.trade at 0.116 to 0.122 and only 10,000 at 0.102. I ask you who is painting the tape???
Can't speak for everyone but I could care less about 10-k. Zero fear zero concern.
Never got my answer on what other penny stocks pays $150k from revenues to pay off notes.
If the company was a scam or pump n dump would management throw the money away, the same money they would be trying to steal from investors?
Pipedream, you mentioned no more notes beyond October 22. Any chance you meant April 22?
Thank god for the tape painter today. 1000 at $.1189 with 4 seconds to go.
All day Btig which is ironridge was on the offer and most of the stock that went off was Ir according to my trader he said 440k Ironridge!!!
Where do you see that the q and a was written by what paid promoters. Please provide the links so we can all see in black and white.
350,000 shares at last 5 mins?
Nothing will happen to the PPS of this stock until the people that own it decide that they determine what it sells for. This was at .129 and in one trade goes to .12 and the next trade goes to .117. We control it as the seller. What was set up to be a really positive day turns into another bullshit day of the same old shit. People are amazing. Then they complainthat the stock isn't going up.
A must read. Very interesting information.
Cash flow positive in 2014 is unlikely in my opinion.
any possibility of hitting the 20's this week into next ?
ScripsAmerica Inc. (OTCBB:SCRC), today announced that the Company has issued the second payment due on its convertible note with the largest principal and closest conversion date.