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Re: kenbe post# 21934

Sunday, 02/15/2015 1:34:17 PM

Sunday, February 15, 2015 1:34:17 PM

Post# of 24848

I think your reading more into this than what is actually provided in the report.


On January 22, 2015, Ironridge Global Partners, LLC (“IGP”) sold all of its shares of Ironridge Global IV, Ltd. (“IV”) to Dragonox Investments, Ltd., a British Virgin Islands business company, whose registered office is Craigmuir Chambers, Road Town, Tortola, British Virgin Islands.

ITEM 5: Ownership of Five Percent or Less of a Class.

Which means less than the 7 million shares your claiming as well as the once again accusation about those core shares.

Its okay to exaggerate a little but 7 million, come on.


Please tell me that this is a joke... ...wow, this is just too easy... ...well, I have always been taught that if a pitcher is foolish enough to leave a hanging fastball over the middle of the plate, that it would be equally foolish to let it go by, so...

I would strongly suggest that you actually read the filing. Actually read it. Not just a section header. Everything. If one does so, one would see the same thing that I had previously already spoonfed the board -- and not only did I spoonfeed it, but I highlighted the relevant excerpts when I spoonfed it. I will spoonfeed it again:

ITEM 5: Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities check the following box: þ*

* As to IGP, John C. Kirkland, Brendan T. O’Neil, Richard H. Kreger and Keith R. Coulston only. IV continues to be the beneficial owner of more than five percent of the class of securities.



Again, if one were to actually read the filing prior to commenting on it, one would see that there is a footnote reference denoted by an asterisk. This footnote disclosure very clearly states that the cessation of owning more than 5% of SCRC stock applies ONLY to Ironridge Global Partners and the 4 individuals listed (who are the founding partners of Ironridge Global Partners and are signing on behalf of said seller).

This disclosure goes on to further state (as highlighted and posted TWICE now) that "IV" -- which is described at the onset of the filing as being "Ironridge Global IV", who was the entity that had financed SCRC back in 2013, CONTINUES TO BE THE BENEFICIAL OWNER OF MORE THAN 5% OF THE STOCK.

Class dismissed...