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Thursday, February 13, 2014 6:37:45 PM
if Scrips keeps showing positive corporate momentum, hopefully there will be sufficient market support to absorb the note selling to a point that we have some stability and a path upwards.
Bingo. That is what many have been saying here for a long time now. Volume cures all ills. However, the market has repeatedly shown that in the absence of news, there simply is not enough buying interest. We need news. And it has to be substantive and meaningful news that shows to the market that SCRC is taking legitimate bona fide steps towards accomplishing its business model in a profitable way.
In the absence of news, SCRC's sp has shown that it is resilient and tough and can stand on its own. But when you combine the absence of news together with the presence of toxic debt converting into the float, no stock can withstand that. It is not a reflection of SCRC by any means, but the laws of supply and demand are unforgiving.
IMO, there continues to be a disconnect between discussions about SCRC the company vs SCRC the investment.
There is nothing wrong with the company. It is a development stage enterprise for a reason and it needs time to grow, as you have stated previously -- no different than not expecting a newborn to walk and perform linear algebra 10 minutes after it is born.
But as an investment, it has been painfully evident since last summer that the stock is no longer trading based upon fundamentals. It is arguably under-valued, and has been artificially held back (sp-wise) due to non-stop dilution, especially from toxic notes and free restricted shares unlocking, primarily those doled out to JOSEPH ZAMPETTI and his crew of paid promoters.
But I am sure you would agree that one's investment thesis changes based upon whether a stock is trading based upon fundamentals or is not trading based upon fundamentals, no?
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