The difference between a good and bad business plan can be defined by one word - RESULTS. For months now we have heard the details of SCRC's business plan, now we need to see the RESULTS. Until we start seeing RESULTS, everything Mr. Schneiderman discusses at the conference he attends is just that, a discussion. "What we plan to do" needs to change to "what we ARE doing". The "ARE" cannot be supported by projections, it needs to be validated with "Actual RESULTS". These RESULTS not only need to be "actual", they need to demonstrate growth and most importantly to be reported accurately and in a timely manner. Any delay in reporting RESULTS leads to suspicion. We are seeing the impact the results being delayed right now with SCRC, a stock that should be 50 cents a share being undervalued at 7 cents because of a late 10K.
Most of you know I have been a supporter of SCRC for well over two years, I have built a sizable position and if I had the extra cash I would be adding to that position at these prices right now. Most penny stocks are based on one man's dream of what a company will be. SCRC is beyond the dream stage. Mr. Schneiderman has built SCRC into a $30M company. We all know he has a diversified business model with multiple revenue streams. All we need to see now are the RESULTS.