An Odd Thing About SCRC ...
Post# of 7769
Posted On: 12/31/2014 1:08:34 AM
There is one thing on page 13 of SCRC's 10-Q for 3Q2014 that has me puzzled. On this page you'll find this statement accompanied by supporting statements: "On January 29, 2014, Implex, which is owned by our legal counsel and related party, Richard C. Fox, entered into a stock purchase agreement to acquire from MAVP, located in Clifton, New Jersey, for $550,000."
Then we read in a press release dated December 3, 2014 that this same MAVP is generating $5 million per month in revenue.
Now, if there were a business generating $60 million in yearly revenue, don't you think it would be sold for a lot more than $550 thousand?
Something smells a little fishy here. Can someone point to the SEC filings for a reasonable explanation for this? What did I overlook in the SEC filings?
Warm Regards
Then we read in a press release dated December 3, 2014 that this same MAVP is generating $5 million per month in revenue.
Now, if there were a business generating $60 million in yearly revenue, don't you think it would be sold for a lot more than $550 thousand?
Something smells a little fishy here. Can someone point to the SEC filings for a reasonable explanation for this? What did I overlook in the SEC filings?
Warm Regards
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