DILUTION UPDATE: IN 18 MONTHS SCRC HAS GONE THRU 3
Post# of 7769
Posted On: 01/07/2015 7:08:55 AM
DILUTION UPDATE: IN 18 MONTHS SCRC HAS GONE THRU 39 NOTES,12M SHARES IRONRIDGE THAT WERE FREE TRADING,5M SHARES SEASIDE. THE GREAT NEWS FOR INVESTORS YOU DO NOT HAVE TO DEAL WITH COVERTS AND HITTING AND ALL THE GAMESMANSHIP THAT GOES ALONG WITH CONVERTS. WHY DO 90% OF PENNYSTOCKS FAIL??????????? CONVERTS BECAUSE THEY ARE NOT "CONVENTIONAL" AND HAVE TREMENDOUS DILUTIVE EFFECTS WITH DERIVIATIVES. THIS IS ONE OF THE VERY FEW PENNY STOCKS THAT IS EPS PROFITABLE BACK TO BACK AND NO MORE CONVERTS.
The company last january did a private placement at a time where scrc failed at rapimeds miserably. They then had a new game plan an idea compounding. Noone knew whether or not this would be a successful venture as the company NEEDED $$$$$ DESPERATELY. Had the company last January went the way of doing CONVERTS AGAIN IT WOULD HAVE BEEN OVER FOR ALL OF US. Bob s did this company a big service he OPTED FOR A MUCH MORE CONVENTIONAL WAY FOR SHAREHOLDERS AS WE DID A PRIVATE PLACEMENT 22M SHARES AT .055. Many of the INVESTORS HAD STOCK AT HIGHER LEVELS AND THEY TOOK A REAL GAMBLE PUTTING IN AS PEOPLE LIKE TO SAY GOOD MONEY AFTER BAD. Well what are the results since that manuever?????? Tremendous success with the 1.1m dollars that was injected over a year ago. The 30 investors that put up their hard earned money had nothing but failure to go on. They trusted Bob s and Jeff Andrews and now the company is in a much better position. Are there shares that have been sold???? Yes. As the shares some have been in for over a year and have been sold "responsible" and slowly. These 30 people took a very big risk because scrc failed at bringing their Flagship product Rapimeds to the market. The move to do a conventional raise was absolute genius by Bob s it is now starting to pay dividends. why????? Because these financiers want higher prices when they sell not like converters who intentionally knock the stock down during certain time parameters so they can get more shares and cheaper shares. TOU SEE IF YOU TAKE THAT SAME 1.1M DOLLARS THAT WAS RAISED 22M SHARES IF WE DID CONVERTS IT WOULD BE APPROX 2.5X TO 3X THE AMOUNT OF SHARES AND THE CONVERTS WOULD HAVE CRUSHED THE SHARE PRICE. I HAVE BEEN TOLD BY 2 VERY SOPHISTICATED INVESTORS THAT WE WOULD HAVE PRICED 50M SHARES AT .02 LAST YEAR AND IT WOULD HAVE BEEN LIGHTS OUT FOR SCRC IF WE WENT THE WAY OF CONVERTS. CONVERTS ARE ABSOLUTELY TOXIC.
Bottom line: THERE ARE NO MORE CONVERTS IN SCRC WITH THE EXCEPTION OF 2M SHARES AT .1750 HELD BY SEVERAL FRIENDLY SHAREHOLDERS AND I BELIEVE IT HAS A NOTE THATS PAYING 12% OR SO ATTACHED TO IT. I believe Bkrt Seaside is gone with their 5m shares. I have seen them trade some stock the last few days as why not they see a pattern where they can make $$$$$. WE are earning $$$$$ and have no more CONVERTS IN THIS DEAL. The only discounted paper is at WDCO Wilson Davis and there is no playing the game getting in front of offers as a few people it appears the last several months sold a little of their stock. THE COMPANY IS DOING WELL AND NOW THE STOCK IS PERFORMING BETTER.
The company last january did a private placement at a time where scrc failed at rapimeds miserably. They then had a new game plan an idea compounding. Noone knew whether or not this would be a successful venture as the company NEEDED $$$$$ DESPERATELY. Had the company last January went the way of doing CONVERTS AGAIN IT WOULD HAVE BEEN OVER FOR ALL OF US. Bob s did this company a big service he OPTED FOR A MUCH MORE CONVENTIONAL WAY FOR SHAREHOLDERS AS WE DID A PRIVATE PLACEMENT 22M SHARES AT .055. Many of the INVESTORS HAD STOCK AT HIGHER LEVELS AND THEY TOOK A REAL GAMBLE PUTTING IN AS PEOPLE LIKE TO SAY GOOD MONEY AFTER BAD. Well what are the results since that manuever?????? Tremendous success with the 1.1m dollars that was injected over a year ago. The 30 investors that put up their hard earned money had nothing but failure to go on. They trusted Bob s and Jeff Andrews and now the company is in a much better position. Are there shares that have been sold???? Yes. As the shares some have been in for over a year and have been sold "responsible" and slowly. These 30 people took a very big risk because scrc failed at bringing their Flagship product Rapimeds to the market. The move to do a conventional raise was absolute genius by Bob s it is now starting to pay dividends. why????? Because these financiers want higher prices when they sell not like converters who intentionally knock the stock down during certain time parameters so they can get more shares and cheaper shares. TOU SEE IF YOU TAKE THAT SAME 1.1M DOLLARS THAT WAS RAISED 22M SHARES IF WE DID CONVERTS IT WOULD BE APPROX 2.5X TO 3X THE AMOUNT OF SHARES AND THE CONVERTS WOULD HAVE CRUSHED THE SHARE PRICE. I HAVE BEEN TOLD BY 2 VERY SOPHISTICATED INVESTORS THAT WE WOULD HAVE PRICED 50M SHARES AT .02 LAST YEAR AND IT WOULD HAVE BEEN LIGHTS OUT FOR SCRC IF WE WENT THE WAY OF CONVERTS. CONVERTS ARE ABSOLUTELY TOXIC.
Bottom line: THERE ARE NO MORE CONVERTS IN SCRC WITH THE EXCEPTION OF 2M SHARES AT .1750 HELD BY SEVERAL FRIENDLY SHAREHOLDERS AND I BELIEVE IT HAS A NOTE THATS PAYING 12% OR SO ATTACHED TO IT. I believe Bkrt Seaside is gone with their 5m shares. I have seen them trade some stock the last few days as why not they see a pattern where they can make $$$$$. WE are earning $$$$$ and have no more CONVERTS IN THIS DEAL. The only discounted paper is at WDCO Wilson Davis and there is no playing the game getting in front of offers as a few people it appears the last several months sold a little of their stock. THE COMPANY IS DOING WELL AND NOW THE STOCK IS PERFORMING BETTER.
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