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Monday, June 06, 2016 12:12:06 AM
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
Couple of interesting observations:
(1)
The recent crash bottomed out at .016, which historically coincides with where statistics would have predicted the sp would crater to once the details about this Ironridge debacle became more clear. Just like when the ridiculous toxic .05 PIPE shares were doled out to the criminal homophobe JOESPH ZAMPETTI and dozens of other CORE con artists, it was no surprise that the sp immediately began a tailspin down to these levels.
(2)
Remember last NOV-2015 and DEC-2015 when BS Schneiderman inexplicably dumped 2M shares at .016 when the current price was approx .03, and then soon after dumped another 1.5M shares at .015 when the current price was near .04? Sure makes you wonder if some trading decisions based upon inside non-public information may have occurred... ...certainly, he picked these prices to sell at for a reason...
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