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Re: Cats83 post# 24381

Friday, 05/27/2016 12:02:38 PM

Friday, May 27, 2016 12:02:38 PM

Post# of 24848

Heard the company was profitable


Yes, JOSEPH ZAMPETTI has been pumping this for quite some time now. You know, JOEY Z, the criminal homophobe who for years -- along with over a dozen of his fellow CORE con artists (almost all of who proudly proclaimed being part of the CORE but now hide it as if it was a swastika tattoo they are now ashamed of) -- has violated securities fraud laws by refusing to disclose that they were heavily compensated by SCRC to pump the stock while they encouraged retail suckers to "buy-buy-buy" and "hold-hold-hold" while they themselves flipped like crazy akin to McDonald's line cooks on meth.

There has been zero public information available regarding how SCRC is performing, be it good or bad.

All we know is that SCRC has historically not shied away from issuing PR's boasting about numbers if they were good -- so the absence of such PR's over the past 12-18 months may or may not be telling in this regard.

But what we do know is that they are in a severe liquidity crisis as they themselves disclosed in multiple recent SEC filings.

Express Scripts is withholding millions in payments and threatening to file additional clawback claims based upon evidence of fraudulent prescriptions that Main Ave filed claims for. And the double-whammy of having their Line of Credit with Triumph fall into default certainly doesn't help matters.

In addition, the Ironridge debacle remains a millstone around SCRC and its shareholders' necks. JOSEPH ZAMPETTI recently attempted a pathetic pump by touting that Ironridge would have no reason to want the 87M shares of stock. This makes zero sense.

As consideration for what would otherwise be a $1.4M payment (which SCRC wouldn't have the cash to pay anyways, so regardless of how the Court rules, SCRC is in trouble), Ironridge would absolutely prefer 87M shares. Why? Because those shares would be priced at .016/share, a staggering discount relative to current prices; Ironridge would be in the catbird's seat similar to a convert noteholder who converts at a guaranteed 40% profit. Even using a conservative VWAP of .025 as a current valuation of the sp, 87M shares would be worth approx $2.2M, a handsome premium over simply taking $1.4M in cash.

The market is rightfully sitting on the sidelines waiting for not only the Ironridge debacle to be settled, but also for REAL VERIFIABLE news re: SCRC's operations. Without certainty of SCRC's "profitability", the potential dilution of 87M shares priced at .016 understandably gives the market pause.