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Thursday, April 03, 2014 7:52:59 PM
I can understand why JOSEPH ZAMPETTI and his core of savvy criminal promoters would have zero fear and zero concern about the 10K -- since their cost basis is ZERO, after all -- but every LEGITIMATE retail investor who actually has THEIR OWN skin in the game is very much interested in the 10K.
It is quite telling when investors are discouraged from taking official SEC filings seriously, but at the same time are being encouraged to take company PR's and forward-looking statements as gospel -- even though SCRC has a history of failing to deliver on any of them.
REAL retail investors understand that the 10K is extremely valuable because -- aside from being one of the few publications that the CEO is forced by law to sign/certify to be true and accurate -- it provides information on the capital structure and important financing activities which may shed light on upcoming dilution (again, relevant to those who have cost basis other than ZERO). In addition, unlike the 10Q's, the extend period of time that it usually takes to file a 10K as opposed to a 10Q means that the Subsequent Events disclosures are able to provide a more robust picture of what has transpired since the official reporting date of 12/31/13 (again, not something I would expect freeloaders or holders of discounted shares to care about).
What other penny stocks tout the discontinuance of note issuances but refuse to discuss dilution in general, in particular issuances of equally-dilutive restricted stock? What other penny stocks consistently fail to deliver on forward-looking statements? What other penny stocks tout revenues that don't belong to it? What other penny stocks engage known criminals to orchestrate a P&D against its own shareholders? What other penny stocks have endless PR's that never sync up with what actually gets reported in its SEC filings? Yes, yes, yes, I know, the answer is: Lots of them do some combination of these things, so SCRC is not unique in this, so why keep picking on SCRC in this regard? And therein lies the rub, you see: SCRC is not that much different than other penny stocks. And this is why SCRC is precisely that at this time -- a penny stock.
LOL, no one ever said it was SCRC MANAGEMENT who was the one stealing money from investors...
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