Replies to post #7038 on SafeCode Drug Technologies Corp. (fka SAFC)

[Jerry70]

Hi Joe. No R/S & No Bust but who knows whats going to happen in the next 60 days. The next several days will probably be alot of what is going on now. Safecode will be in business next year and as for as the agreement, no one but the Company knows how they going to deal with that. There is no way anyone on the message board can know the answer to that. Like all these other stocks about all we can do is wait it out are get out. Its a bad spot to be in but thats where we at and i dont expect that to change soon but hope i am wrong. Have a Great weekend. GO > SAFECODE

[appalled]

I'm not sure if I shoule be responding to your post or ceo1's reply but here are my thoughts of SAFC as of today:


Well, there we go with SAFC. Another week, another dump.
I don't believe SAFC is dumping shares, I believe SAFC is providing its management team and possibly other insiders shares to dump for personal profit before the guarantee in the license agreement must be satisfied

As to the RS--the terms of the license agreement guarantee the specific 10,000,000 shares that were paid out to have a PPS of .70. A reverse split will cause a corresponding reduction in the number of shares paid for that license agreement and will therefore violate the agreement. I would speculate that a reverse split would not be legally allowed until after the guarantee is satisfied.

I hope I am wrong, but this is my prediction for how the next 2+ months unfold. SAFC continues to dilute at a continuing accelerated pace as they can't get as much for each share. Its insiders continue to dump shares into the float, pocketing as much as they can before the guarantee comes due. When the guarantee comes dues we will see a massive expansion of the AS and OS to cover the $5.2 mil still owed on the license agreement. ASAP after the expansion a reverse split will be announced further eroding the PPS and the RS will eventually occur also eroding the shareholder value. On the other side, the holder of the guarantee will run a PUMP and Dump based on 4th qtr revenue of $5.2 mil just like they did on the $1.8 mil 4th qtr revenue a year ago.

I am kicking myself for not selling on the last bumb that ran to .019 and I am thinking of taking my loss now at .0002 rather than watching the PPS drop any further.