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Sunday, January 31, 2016 10:20:39 PM
Chew on this:
Adam was part of the Section 17(b)-violating group of non-disclosing paid pumpers that SCRC paid to promote the stock back in the summer of 2013, which is what started SCRC down this death spiral that we are currently mired in.
Adam has zero prior healthcare experience.
Adam formed a new company in late-2014 specifically for the purpose of engaging SCRC to provide marketing services, which, as we saw from the subsequent 10Q's and the just-filed 10K, runs consistent with when Selling Expenses began shooting up to 90%.
As President, this is as blatant of a conflict of interest as there can be. SCRC should have a President who is 100% dedicated to running SCRC (not to mention someone who has at least 1 day of prior pharma sector experience, for crying out loud), and who is not a Section 17(b)-violating stock promoter.
Adam is very directly one of he main reasons there are zero earnings making their way down to the bottom line for shareholders to benefit from.
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