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Alias Born | 01/28/2013 |
Thursday, March 26, 2015 11:37:53 PM
Why not? That's precisely the word that should be used because that is precisely what it is when a company issues horrificly discounted shares to dilute other shareholders... ...shares that amounted to an increase of approx 25% of the then-existing O/S count and approx 40% of the then-existing float...
Excuse me, but did you not see how the sp immediately got catered down to .08x when the initial tranches of these toxic PIPE shares unlocked in JUL-2014? Millions of shares got dumped immediately like they were poison ivy... ...and the sp continued to languish for the next 6 months while more tranches of these PIPE shares were continually liquidated -- shares which (just like the 6M shares of 0.00 stock that the very same JOEY Z and gang received for illegally promoting SCRC) we were told were locked in vault and would not be sold...
Please explain how SCRC's sp NEVER once cratered when ANY of the 39 prior convert notes converted/liquidated, but yet you are defending the vomit-inducing PIPE deal by saying that somehow a 40th convert note would have obliterated the company and cause the universe to collape and fold over onto itself? Egads...
Not true whatsoever. The .05 price was being offered throughout the bulk of Q4'13, and the sp during this period ranged between .20-.40 for the most part. At the time, anyone with even minimal knowledge of pharma knew that compounding was the golden goose and that even a blind circus chimp could operate it profitably. Hardly any risk, and for damn sure not the magnitude of risk to justify the fiduciary-duty-violating magnitude of discount that was given to JOEY Z and gang, who BS Schneiderman knew by then were criminals.
No one doubts that. The problem is that BS Schneiderman clearly had a very specific subset of shareholders in mind with the word "our". Just like in the classic novel "Animal Farm": All animals/shareholders are created equal; but some animals/shareholders are more equal than others...
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