As I understand it, Scores is an adult brand takes 5% profit from nightclubs that they do not own, in exchange for basic marketing and management services. Theres little value in a brand without distinct aspects to make it unique. They also have some equity in online new jersey related casino site that is seemingly without many customers, and a webcam site which they take 1% from models. Overall very limited cashflow, growth aspects are limited to external financing and licensing agreements, without growing current projects. net income seems to go to the 3 board members. Possible Investors are currently either non-existent or waiting for other investors to act. Visibility is a problem with the otc markets, but because scrh financial filing and media outreach is lacking, investors are wary.
scrh shares are intrinsically worthless as the company has more liabilities then assets, and volatility is not high enough for traders create reasonable liquidity for the current shareholders to get there investment back. Management has done very poorly with shareholder and public relations. The CEO is the majority vote shareholder, effectively its his company. a few lawsuits are ongoing. They have lost a number of clubs those past few years, and covid-19 isn't helping.
So, current shareholders, you are fucked until action is taken. Waiting for bankruptcy or selling now at a loss seem to be the only easy way out of your equity. Management is obligated to acknowledge individual shareholder concerns privately if you have issued a formal request. Also, although not a majority, 37% of the stock is owned by the public. that's a huge portion of a company. At the next annual shareholders meeting, bring up however many propositions to the board you want and vote on each one.
Share buybacks, dividend requests, stock options. the sky is the limit for this stagnent stock in the hands of shareholders who want to increase its market value.
