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Tuesday, August 09, 2016 9:56:41 AM
By the 7/19/16 date of the filing of this complaint, I am surmising that this directly contributed to SCRC's decision on 7/20/16 to file Form 15. It is clear that they wanted to avoid having to publicly disclose this lawsuit (which is short-sighted and silly considering that court filings can be obtained thru other public channels) as well as all forthcoming court actions related to this lawsuit -- which SCRC would have been mandated to disclose via 8K filings had they NOT filed a Form 20 to delist/deregister.
It is noteworthy that in the final 8K that was filed on 7/20/16, SCRC gave shareholders one last finger by refusing to disclose the suit that was filed the day prior even though that would have been the exact venue for such mandatory disclosures. Instead, SCRC used that 8K to announce a ho-hum change in Directors and sneak in a laughable "Other Items" disclosure about how SCRC decided to delist because it was simply taking too long to get the Q's/K's filed... ...as opposed to the real reason that they were delisting because a lawsuit from Ironridge that has real teeth to it was just filed against SCRC the day prior and they don't want the few retail shareholders who are still left to know about it.
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