Thank you Malc. I have always tried to put it all out there.

Stock that I purchased at a discount. I think the term is PIPE but I could be wrong.

Hi and yes I am still around gents. It's been an interesting and intriguing experience. It has also been an education of sorts. By no means am I a savvy investor lol but I have learned lessons.

I learned plenty thru participation on this board. I extend my gratitude to those who helped and advised and a Bronx Cheer to a couple of bastards.

I managed to get the restriction lifted on the Certificate and found a broker that would accept the deposit. I then learned that I could not deposit the certificate because no financials have been filed the last three quarters.

When I asked my friend about that in mid October, I was told they would be filed by the end of that month. Now that has been changed to the end of this month.

Watching all the goings on, reading posts on this board and seeking out information about SCRC's current chances for success, I am on the fence. I can't wrap my head around a couple of events since the 8K was filed.

What disturbs me is that the Auditor hired to replace Friedman, KJM had been disciplined and fined in California for knowingly filing false reports for Home Solutions of America. Home Solutions was investigated by the SEC and they are no longer with us. The CEO reported millions in bogus revenue then sold his shares and got 6.8 million for the inflated stock.

KJM link: https://www.dca.ca.gov/cba/discipline/actions_attach/kmj_corbin.pdf

Home Solutions of America link:
https://www.sec.gov/litigation/litreleases/2009/lr21314.htm

Will KJM do the same for SCRC? Who knows? Then BS sells almost 2 million shared privately, netting about $32K. I don't know how to interpret this so as I said I am sitting on the fence, waiting to see if the 10Ks are filed.

Gee, I forgot about the forms I signed at Scottrade and that the broker told me that penny stocks are risky, thanks for the reminder. He also explained the pump and dump to me and I recall saying that this guy is an old friend of mine and he wouldn't steer me in the wrong direction.

You also hit the nail on the head when you said I bought the stock not him and no he did not guarantee that I would make money, he simply implied it very stongly by leading me to believe that he had a broker who was feeding him information about the company. He knew announcements were coming before they were posted.

You sound like a seasoned investor, good for you. I am not but I never expected a longtime friend to be a con artist. I didn't know where he was getting his information until I looked at the emails a few days ago and spotted a name that has come up often on this board, Joe Zampetti. He was one rung above Bob Schneiderman and one rung below Bruce Berenberg, the source of information for my friend.

My so called friend turned out to be a con artist and I did not realize that until it was late in the game. I am not angry that I lost money, I am pissed off that a man I've known for 30 years, betrayed me.

I turned to this board for advice, not sympathy. Everyone has been extremely helpful until now that is. Thanks for your criticism and for shaking your finger in my face. I would run off with my tail between my legs but I don't have one.

Cats - I don't understand why people find it hard to believe that I know zero about investing. The guy who got me involved is a CPA and a friend for 30 years. He led me every step of the way in this venture. He provided information, told me when to buy and I relied on him heavily.

When I purchased the subscription shares I thought it was open to everyone who could come up with the minimum investment, I did not know it was only for a select few. I expected my "friend" to continue guiding me and waited to hear from him. It was the friend that invested when I did who was suspicious and found this board.

Think about it for a minute, if I had a clue, I would have deposited the certificate with Scottrade and sold after the six months. There is no need to remind me that I missed the chance to recover my total investment and a 10K profit, which by the way I would have distributed to my two family members and one friend who invested on my suggestion because I feel responsible for their losses.

I think so too Malc. I'm more devastated by what I perceive as a betrayal. I am fortunate to have an income that pays the mortgage and bills.

I took the bait, not because I am greedy. Truth be told, I wanted to make enough money to finish my home. I bought a fixer upper and the 50K I expected to wind up with would have put me very close to completing the house at the least.

I am not a young man but I will recover financially over time. I just don't like to be taken advantage of.

Cooler,

I am sorry that my tale seems odd to you but I assure you it's the truth. I jumped at an opportunity to double my savings with an individual that I trusted implicitly. I did not go all in at first but dumped the rest of my cash into the subscription. I just didn't know what to do with it.

I have no idea why I was offerred the subscription. If I knew what I was doing I would have been tracking the stock and dumped the subscription shares when the stock hit 20 cents. I would have recovered my entire investment and a 10K profit. Instead I have the certificate in a folder by my PC.

Nartin,

Thank you. Now that I am getting an education, albeit late in the game, I will be on point from here forward. Thanks for you help.

Claude

Martin,

You are 100% correct, I missed an opportunity to recover my entire investment if I would have sold the subscription stock in December or January. Frankly, I am sick to my stomach that I f'd up that chance. I've said all along that I know nothing about the stock market, which is why I relied on my so called friend for guidance.

The sad truth is that I did check the stock periodically and it was being monitored by CNN Money emails as well. I did not realize that when the stock was in the neighborhood of 0.18 to 0.21 there was a chance to recover my entire investment and then some. I didn't think about the fact that I paid 0.06 for the stock.

That was a missed opportunity because of my ignorance, however, there is much more going on here. My initial purchase and that of my famliy and good friend were based on my so called friend's claim that the stock would triple in 12 months. He implied that he was working with inside information. It looked pretty good until that sell when it topped $1.

Most of the time when I would call him to ask what was going on, he would usually have some tidbit of information. For example, on a few occasions he told me that an announcement would be released in a day or two. But more importantly is the fact that he pushed a stock that was a total scam and did not tell me until after I lost the entire investment. If he would have told me it was a scam from day one, I would never have spent a dime on the stock.

My recollection was that it hit $1.21 but I've been wrong before. Anyway, now I am going to demonstrate my ignorance about the market with this next question.
After reading your last response, it dawned on me that I have a stock certificate from the subscription, which I believe you gents refer to as a PIPE. I never knew what to do with that certificate, should I have given it to my broker?

I apologize, you are right, the purchase was in February 2014. And I missed the opportunity to sell in early 2015, but I did not track the stock until a few months ago. I always relied on my so called friend to guide me. I did mention that I know nothing about the stock market and probably would not have realized that I could have made a tidy sum had I sold in early 2015.

I did not start to track the stock until my good friend, who I talked into the investment and was concerned about SCRC, told me about this site.

February 5th of 2015 - My first three buys were in July 2013 at 0.54, 0.74. and 0.87. Me, my family and my good friend were used as pawns and when the stock hit $1.21 we got shafted. I would love to know who sold when it hit that record high.

Cooler,

Thanks for the education. To be perfectly honest, I am green when it comes to the stock market and when I was informed of the "subscription" I did not know that it was something that was being offerred to a select few. I thought it was something that everyone could take advantage of as long as they had the money.

I'm not looking for sympathy, quite frankly I am looking for revenge and if I can generate an investigation by the SEC or FINRA (did I get that right?) I will be more than happy.

I don't know if I have any legal recourse to sue my "friend" since he knew I had never invested in stock and knew nothing about it. He led me to believe that he had invested heavily in SCRC and I am guessing that I could subpoena his brokerage records if I filed suit.

While paging through my text messages, I noticed that the SOB used his wife's phone and on 5/19/15 he asked if I was interested in purchasing shares of CTTC at a discount, with the 6 month restriction attached. I didn't take it since I was wiped out. Two months later I had a pretty good idea I was taken for a ride and about two months ago my good friend turned me onto this site.

Hi Martin, thank you for the recognition and the advice. It was my plan to pull out my investment and let the proceeds run. As for the PIPE, I never had a chance to recoup that investment, let alone make a dime. I made that purchase in early February and SCRC was under 0.05 at the six month mark.

That's the third of four names in the email thread. Bob (as in Schneiderman), Joseph Zampetti, Bruce Berenberg and my "friend" Jack.

The problem with that is my alleged friend is the only person I dealt with and I am fairly confident he had no official affiliation with SCRC. However I do have email threads that put him on the periphery of the inside core. Also, I am pretty sure I can connect my cell phone records with most of the activity. It's just a matter of getting the SEC to look into my complaint.

Ed thank you for the information and advice. I had actually filed a complaint with the SEC complaint earlier this month after reeading coolerheads 7/27/15 post # 23600.

After reading your suggestion to file complaints citing 16B and 17B violations I could only find an explanation of 16B and since I am sure my so called friend did not disclose his involvement with SCRC, I sent off another complaint with email threads from Bob Schneiderman, Joe Zampetti, Brian Berenberg and my dear friend of 30 years. I attached almost every email I could find and a copy of the subscription purchase, is that the PIPE that you referred to?

I am going to go through my phone records since all of the calls and texts came through on my cell phone, I should be able to put together something. I do have a couple of texts from my alleged friend but my phone was stolen in March 2014 and I am missing any text messages from July 2013 to March 2014.

I had sent an email to wholesarerx and received a response from an Ian Schaefer who asked me to call him to discuss it furhter. I included my contact with wholesalerx in my SEC complaint but no real details of the conversation. I just found the email that I received from Ian Schaefer.

I'm not sure that I have enough to prompt the SEC to get involved but I am giving they everything I have. I am thinking of asking my family and friend to file complaints as well but for the most part, all they can say is that I told them where I got the tip from and that I trusted him implicitly because of our longterm "friendship". I actually have an email from the friend that I suggested the SCRC purchase to that says if you trust "so and so" that's good enough for me.

Do you think compaints from my family and good friend are worthwhile?

I had never invested in the market until a “friend” of 30 years recommended SCRC. He said the stock was going to triple within a year. He told me about Rapi Med and China and it seemed like a good opportunity. He suggested that I tell friends and family to invest. I talked two family members and a very good friend into buying SCRC.
I am a disabled Vet and I invested a sizeable chunk of my savings into SCRC. I was a bit perplexed when he asked me how much I and my family and friend invested. It should have raised red flags but I was green and trusted my “friend”.
In January he suggested that I get in on a subscription to purchase SCRC at 1/3rd of the market price of 0.18 with the caveat that I could not sell the stock for 6 months. I invested the rest of my savings. This may have been after the press release regarding some Stock Analysis Firm touted the stock and predicted it would reach 1.20 in early 2016.
I try to read the posts on this board but you guys are way over my head. I did file a complaint with the SEC about my so called friend, especially since he knew a stock he talked me into buying was a pump and dump. When he told me that I was convinced he screwed me , my family and good friend.
Now I want to file additional complaints as suggested by ed longstock but I have no idea what 16B and 17B are.
I would appreciate any advice or suggestions.