Debt, convertibles, demand..
Most investors currently on these boards were not involved with SCIE years ago. A lot of information has been lost since then, so lets go back to basics:
The most recent 10K says:
Here's the kicker...Keep reading..
That quote above is the bread and butter of SCIE. This is more than rare. Not one.. not 10.. but all 62 investors have NOT served notice of default. Why? More than likely because they know theyre going to get their money back and then some. Remember, a lot of the investors were personal investors. These people know the company and the people running it. NONE OF THE 62 INVESTORS HAVE SAID, 'GIVE ME BACK MY MONEY'.
and again.. I believe its because they know SCIE is going to be profitable soon. As for the current debt? SCIE was making hundreds of thousands of dollars per QUARTER a few years ago. Any current debt can be paid off rather quickly once sales begin again. Why did sales stop? IM SOUNDING LIKE A BROKEN RECORD!... Because DISTRIBUTION WASNT SET UP YET AND DEMAND WAS TOO MUCH. SCIE is a small medical company and distribution needs to catch up with demand.
Don't believe me?
Read the April 26, 2013 PR:
SCIE is a classic 'switch of hands' investment. I believe the majority of investors currently invested here wont be around next year because they are in this for the short term. As more and more long term investors come in, the price will naturally increase as shares switch to stronger hands.
Personally, I'm not worried at all about the debt because my DD shows me where the debt came from. If I was not confident in this investment, I wouldn't be wasting my time in an online forum that gets hundreds of views and only a few responses.
Besides.. if investors were to do their DD, theyd know the 10K from 2008 showed debt of $11 MILLION DOLLARS yet get this..
..investors were willing to buy shares at .40 cents, .50 cents and .70 cents PER SHARE. Not only that, but back in 2008, SCIE had NO PROFITABLE OPERATIONS yet. How do I know this? Go DD old online forums and read.
Think about it. This is important. Back in 2009 SCIE had ABSOLUTELY NO HISTORY OF PROFIT yet people were buying shares at 50 CENTS??
These early investors were buying in because they knew way back then that the technology would eventually replace standard biopsies. These early investors had amazing insight.
SCIE has made almost a MILLION dollars in sales in less than 4 years. It could have been more but, as a small company, they didn't set up distribution fast enough.. The product (wavstat) isn't the problem. Management isn't the problem. It's distribution. And SCIE has been perfecting their distribution for the past 2 - 3 years.
As soon as distribution is set (they're almost there), I do believe we will be back in the .20 cent - .50 cent range within the next 5 years or EARLIER. Getting up to .50 cents depends on one major thing happening..
..getting a BIG INVESTOR to invest in SCIE or an acquisition. And if you forgot.. ill post it again..
And don't forget:
Spectrascience is showing on the FRONT webpage for the Medtech conference in 2017 where major INVESTORS match up with promising companies. I'm not making this stuff up. Check it out for yourself:
http://www.ebdgroup.com/mts/index.php
This event in 2017, I believe, is going to propel SCIE to multiple dimes per share. Their logo is on the FRONT page of this website under Johnson & Johnson!
Oh, and I have some great DD ill post tomorrow about acquisitions that have actually occurred..
Not investment advice. I could be totally wrong.
Most investors currently on these boards were not involved with SCIE years ago. A lot of information has been lost since then, so lets go back to basics:
The most recent 10K says:
Quote:Convertible debentures with a face value of $4,313,199 held by 62 investors are in default.
Here's the kicker...Keep reading..
Quote:
None of these investors have served notice of the default of the Convertible debentures
That quote above is the bread and butter of SCIE. This is more than rare. Not one.. not 10.. but all 62 investors have NOT served notice of default. Why? More than likely because they know theyre going to get their money back and then some. Remember, a lot of the investors were personal investors. These people know the company and the people running it. NONE OF THE 62 INVESTORS HAVE SAID, 'GIVE ME BACK MY MONEY'.
and again.. I believe its because they know SCIE is going to be profitable soon. As for the current debt? SCIE was making hundreds of thousands of dollars per QUARTER a few years ago. Any current debt can be paid off rather quickly once sales begin again. Why did sales stop? IM SOUNDING LIKE A BROKEN RECORD!... Because DISTRIBUTION WASNT SET UP YET AND DEMAND WAS TOO MUCH. SCIE is a small medical company and distribution needs to catch up with demand.
Don't believe me?
Read the April 26, 2013 PR:
Quote:Spectrascience Rescheduling Workshop Due to HIGH DEMAND
SCIE is a classic 'switch of hands' investment. I believe the majority of investors currently invested here wont be around next year because they are in this for the short term. As more and more long term investors come in, the price will naturally increase as shares switch to stronger hands.
Personally, I'm not worried at all about the debt because my DD shows me where the debt came from. If I was not confident in this investment, I wouldn't be wasting my time in an online forum that gets hundreds of views and only a few responses.
Besides.. if investors were to do their DD, theyd know the 10K from 2008 showed debt of $11 MILLION DOLLARS yet get this..
..investors were willing to buy shares at .40 cents, .50 cents and .70 cents PER SHARE. Not only that, but back in 2008, SCIE had NO PROFITABLE OPERATIONS yet. How do I know this? Go DD old online forums and read.
Think about it. This is important. Back in 2009 SCIE had ABSOLUTELY NO HISTORY OF PROFIT yet people were buying shares at 50 CENTS??
These early investors were buying in because they knew way back then that the technology would eventually replace standard biopsies. These early investors had amazing insight.
SCIE has made almost a MILLION dollars in sales in less than 4 years. It could have been more but, as a small company, they didn't set up distribution fast enough.. The product (wavstat) isn't the problem. Management isn't the problem. It's distribution. And SCIE has been perfecting their distribution for the past 2 - 3 years.
As soon as distribution is set (they're almost there), I do believe we will be back in the .20 cent - .50 cent range within the next 5 years or EARLIER. Getting up to .50 cents depends on one major thing happening..
..getting a BIG INVESTOR to invest in SCIE or an acquisition. And if you forgot.. ill post it again..
And don't forget:
Spectrascience is showing on the FRONT webpage for the Medtech conference in 2017 where major INVESTORS match up with promising companies. I'm not making this stuff up. Check it out for yourself:
http://www.ebdgroup.com/mts/index.php
This event in 2017, I believe, is going to propel SCIE to multiple dimes per share. Their logo is on the FRONT page of this website under Johnson & Johnson!
Oh, and I have some great DD ill post tomorrow about acquisitions that have actually occurred..
Not investment advice. I could be totally wrong.
1
SpectraSCIENCE Inc. (SCIE) Stock Research Links
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
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The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
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