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Re: RockyW post# 16954

Tuesday, 04/08/2014 7:21:09 PM

Tuesday, April 08, 2014 7:21:09 PM

Post# of 24848

every day that goes by gets us closer to April 22. Looking forward to when Ironridge has no more shares to sell.


What in the world are you talking about??? Not only is 4/22 a meaningless date now, but it never had anything to do w/Ironridge. I would suggest you brush up on your DD, since when it comes to SCRC, dilution minefields are all around and if you don't get your dilution sources/dates right, your trading portfolio will be very unhappy...

...but I'll help you out here: 4/22 represented the 6-month mark of the final note that SCRC claimed it had issued back on 10/23/13. This 6-month mark would have entitled this financier to convert early. However, per SCRC's PR on 3/31, this note was paid down, thereby extinguishing this obligation early. Ergo, 4/22 is no longer a relevant date for anything.