SafeCode Drug Technologies Corp. (fka SAFC)

[appalled]

I hope you are right. I guess the idea that news would be nice applies to what the shares are being issued for and who is getting them in addition to product updates. Without that information and along with the idea that new shares are restricted so the dumping is coming from older shares, I fear the worst--that management is dumping their personal unrestricted shares and replacing them with newly issued shares.

Remember that $180 k is only 60 million shares dumped at .003 per share. If that number is close to the 90 mil shares it is a minimum of $270 k. If their average sale price is a penny they would have pocketed $900 K.

And any way you look at it, if I am right, it is a nice chunk of change to make sure you get ahead of time if you know that serious dilution is the only way to cover a guarantee coming due soon.

Again, I hope you are right. I held my shares at a time when I had a chance to cash out at a decent profit because I believed in the products that are coming and the vertical integration model SAFC uses in those products. I just see the guarantee that is coming due as a looming disaster for SAFC particularly if they are behind on producing those products.

I guess there is always the possibility that an extension of the guarantee could be negotiated.