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Saturday, December 14, 2013 8:39:47 AM
As for the notion that SCRC is a scam, such claims are plainly false. The company has a real product and they are in real negotiations with a distributor to distribute Rapimeds. If the China deal is signed, the stock will go very high. I agree that the company fundraising could be handled better, but the CEO is betting he will have a distribution contract signed within the next 45 days. If that happens (and I believe it will), shareholders will be handsomely rewarded with a major spike in share price.
Right now the battle is on: many want into this stock at cheap prices before the China ramp-up. When January rolls around, the sheer anticipation of the China deal will become a catalyst for the stock. Everyone wants into a stock at the bottom (if they're going long); right now the "X" factor is where the bottom will be before we move up. No one really knows, but every single trader/investor will have to make their educated guess and trade accordingly.
Cheers all
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