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Looking forward to seeing it. I think there will be litigation against Adam B as well.
Please send me details as well. I know that a few of the pumpers and leaders in this group will be litigated for quite a bit.
For your reference:
https://denebleo.sec.gov/TCRExternal/questionaire.xhtml
Yeah, it's over. And you are not the only one who lost some cash here. I will be calling the SEC tomorrow and asking them to investigate Bob, Adam, Jeff, Brian, Core Members (Joey Z) and the current BOD. I will also be reaching out to our law firm's lititgation dept and seeing what my options are for recovering damages by the above people. Clearly, laws were broken and illegal activity occurred. And I doubt the company carried D and O insurance so they will personally have some exposure.
The lawsuit that was filed previously didn't help. Wise up.
You guys at Ironridge are funny. You are suing because of the depreciation in the stock price that YOU HELP TO CAUSE. Unreal. I guess I'm not surprised.
Oh, and I forgot. When the lawsuits and SEC are called, the CORE will also be in that grouping as well. Good ole Joey Z will be front and center.
Agreed. BS, Adam, Brian have done a real number on this company and the shareholders. If this goes completely south, I see multiple lawsuits and calls to the SEC occurring.
Well, this just went from bad to worse. As long as they don't file for bankruptcy, I'm holding. Pretty much, that's all any of us shareholders can do now.
Alright SCRC. Enough. Get the filings done and lets hear what is going on.
Yes. I do want them to finish their 2015 financial filings and get caught up. As a real investor, I do want to see them completed.
Nice announcement. There goes the rumor that they are going out of business or filing for BK.
Your opinion. They need to get the filings done. They need to get out of non-reporting status. Any knowledgeable investor would want that to get done.
As a "knowledgeable shareholder" I want them to get caught up on their filings so they can get out of their current non-reporting status. This will only help the PPS at this point. Any "knowledgeable" shareholder should want this.
So, all of these "scrips" started under Bob Schniederman. That's good to know if any actions are taken. Funny how he has a claim against the company and it's his crap that is now hurting SCRC. I think Bob's name as a "defendant" is forthcoming.
Ok Adam, Brian and Jeff. After that LOVELY news yesterday it's clear you guys need to get your asses in gear and get the remaining filings done. Enough jerking around.
An accurate assessment. I've also heard they are doing well. The investor that put me into it is still very positive on it. However, until they get the filings done they are are going to languish at these levels. Clearly the CFO is in over his head and should be fired. Taking this long to get these financial reports done shows he has been doing nothing but taking a check. Hopefully we will see the filings done soon and we can move forward. Until, all we have is rumors.
Does anyone know what is going on with these guys? Any updates on the rest of the 2015 filings? It's unreal that they haven't fired the CFO at this point.
So no updates on the court appearance last week? Anyone?
Does anyone know how the court appearance went yesterday?
So I want to confirm that I read this correctly. SCRC is taking Ironridge to court on the 17th correct?
And just like that, it's down 20%. Yikes.
You too have a good weekend.
Sure but we didn't have a 2nd day of massive selloff and today looks to be another quiet day. I think they just need to get their filings done and behind them. As for the lawsuits, I think they will get them all resolved and move forward.
And just like that, its back up 50%. I hope the worst is behind us and they get the rest of the filings done.
Sure but we're not talking about a Fortune 500 losing 30% here. We are talking about a penny stock that can gain 30% in a day too. Again, if this was the worst of it then we got off easy.
Well, that wasn't as bad as I thought it would be. I was expecting well over 1M shares to be sold off and we didn't hit that volume.
Funny how someone elsewhere posted about Ironridge and got it right.
Yeah, this doesn't look good. The only way now that SCRC can keep its stock from completely tanking is to get the 2015 filings done and show the market that they are a viable company. If they wait, the PPS is doomed.
Thanks Adam, Jeff and BOD. You guys ROCK!!
So, are there any investors here that have been able to talk to SCRC management? Are they like Bob who never took phone calls?
I hate to admit it but you may be correct. It may be time to place a call to the SEC and have them investigate Adam, Jeff and the BOD as to how they are managing the company and shareholders.
Yes Tutter, it would be nice but we have to ask, why would it take this long to get the 2015 numbers out? What has the CFO been doing all this time? Isn't it his job to make sure the numbers are correct? I mean, that is his FULLTIME job. There are three potential answers here:
1. The CFO is completely incompetent and the 2015 numbers are a mess. In this case, he should be fired immediately.
2. The numbers are done but as another poster elsewhere has posted, they are trying to finalize some litigation before releasing them. If this is the case, SCRC management may be breaking some SEC rules.
3. This whole thing is a sham and we are all being fooled. Now, I'm less likely to believe this one because of the Q1 numbers being published and I just wouldn't think that Adam, Jeff and the BOD would enjoy going to jail. But in this day and age, who knows.
At this point, they just need to get the numbers done and get them done now. Enough jerking around.
So now we are "possibly" waiting on SCRC to finish up their settlement with Ironridge before any filings are done? Anyone have a guess as to when that could be done?
Ok Management. We are close to the end of the month. Get your a$$es in gear and GET THE REST OF THE FILINGS DONE!! Enough jerking around.
Never underestimate the power of a good pumper. And if the numbers are completed, filed and if they are making money, it will be an easy pump for them. Come on JZ, start the pumping!!!
You are once again correct. Rapimeds was a complete joke. Again, all I'm hoping for at this point is for the management team to complete 2015 and let the pumpers have at it for a few weeks and then bail.
I think the reality is that there is no difference between Bob S and Adam. Both seem to think that they can run a public company and clearly by their results they can't. At least Bob kept the PPS up. Adam seems quite content with the PPS being in the toilet and keeping a CFO who obviously can't do their job.
Well, until they get the rest of 2015 filed, I can't defend them. If we get into May and they still aren't done, it may be time to finally move on.
I wouldn't say this is a scam company. More like a poorly run public company whose management has not improved with time. At this point, the CFO needs to be fired and replaced with one who can manage the financials of a public company. From what I read he seems to have the experience but with the lateness of all of the financial filings its clear he is in over his head. The current PPS is a direct reflection of the failure of the company to get their 2015 filings done. Until Q2, Q3, Q4 and the 2015 K is filed, we will wonder here in no-mans land.
Sandan, I have to agree with you that there seems to be a major conflict of interest here. At this point, all I want is the rest of the filings to be done, let the pumpers have at it, get the PPS north of .25 and then be done with this thing. Every time I think we are close the management seems to take 5 steps backwards. Painful.
Agreed. The staff, from Adam and Jeff on down should make getting these filings done a priority. With Jeff's background, he knows better and at this point should be fired. Any competent CFO would have kept better records on the financials of the organization and clearly, Jeff has not done that.