If scrc rids itself of the Ironridge situation I b
Post# of 7769
IMHO the company is making $$$$$ as they paid 269k to IR for legal fees and paid off someone else in Florida for 285k and settled. They are paying 65k per month for 18 months for the preferred deal of .175 which is very far away. They bought another pharmacy in Alabama for 725k. In georgia they signed a 3 year lease for PIMD for 3500 a month. My point they are getting $$$$$ from somewhere.
Remember THERE ARE NO MORE NOTES!!!!!! NO MORE CONVERTS!!!!! OK THE .05 LIKELY MUCH WAS SOLD ALONG THE WAY SO A GUESS UNDER 10M LEFT. This deal has 145m shares at .03 thats 4.5m market cap with a clean deal meaning no more notes or converts. They are doing or did 30m in 2015 as see all the filings and figure it out. so 1/6 sales that is cheap. Even if they flatten out and make some cuts I see no reason why they can not make a .01 or .02 at 10x or 15x approx.
I will not comment on ESI as I look for the company to go into more detail than the 8k.
Bottom Line: may 17th looms and will be very important to scrc.