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Re: ScovilleUnits post# 27156

Sunday, 04/08/2012 9:49:51 PM

Sunday, April 08, 2012 9:49:51 PM

Post# of 29739
The company has indicated it is in transition as per one of the last 8K filings to the SEC and numerous blogs thru the first part of this year. IMO, the Preferreds particularly owned by former Chairman Philip Verges were issued as a "poison pill" remedy due to the most likely high value of the subsidiaries that are not being reflected in the manipulated OTC market.

IMO, a sale of possibly CCTR and RKM would be more than enough to erase any outstanding debt. Companies do not go under with a positive net worth of $40+ mil which was what the last financial indicated. That's just not how it works.

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