After reading the entire 10Q top to bottom and all
Post# of 1023
Posted On: 08/22/2016 12:25:36 AM
After reading the entire 10Q top to bottom and all the other SEC filing, this is my extremely simplified interpretation:
First off, let me start with this: How many people actually read the ENTIRE 10Q? it took me a friggen week. Who would build a house without looking at the blueprints? Then why do people throw money into investments without reading the SEC filings aka the blueprints of your investment?
Ok then.. here we go...
1. The authorized share count has increased.
2. The super voting shares were issued to simplify the future progression of the company. It sounds like they are trying to create a buffer with the hopes of not having to authorize more shares. By doing this, it may mean they are planning on having revenue to finance their company rather than issuing more shares.
3. For the average investor (pretty much all of us in here), we have no say in any of this. You would have to have been involved between 2012 and march 2016 AND obtained eligible warrants in order to participate.
3a. warrants are a way for someone to buy stock at a certain price until they expire. Google this stuff for more info.
So why is this happening and why right now? Hard to say. This definitely caught me off guard. Its obvious the people at SCIE want certain people to have control of the company. This doesnt mean its necessarily 'bad' as these things happen all the time. Instead, we now have to wait to find out why exactly these super stock were created.
4. the 10Q wasnt great in the sense of short term investors wanting to make a million dollars. For me and other longs, nothing has really changed. Obviously we arent mindless drones and understand that if news appears which warrants us to sell our position, we would. But until then, I remain confident in my investment here.
5. Im not playing the 'buy buy buy on the dip" game. ill pick up some shares here and there, but im content with what I have and want to average up rather than average down.
6. Speaking with someone else who had mentioned its possible some other company tried to take SCIE through a hostile takeover and that SCIE issued these shares to prevent that from happening.. Id have to say "EHHHHhhhhhhhhhhhhhhh..... Im not sure about that one". The company is just about to start sales and to think another company like PENTAX or Olympus is planning a hostile takeover is very questionable and not even a thought on my radar. Yet.
7. The super stock can be voted by THREE independent outside directors. I have no information on this and only time will reveal more.
8. There has been no word on PENTAX leaving SCIE which means SCIE is still working with PENTAX. Notice China was mentioned in the 10Q. I wrote about this months ago.
9. Seeing these filings caught us off guard, it seems things MAY take longer than expected but in realty who knows. A few years ago SCIE released a PR about upcoming sales and the price skyrocketed.
10. Never keep all of your eggs in one basket. This is why its good to invest in more than one company. Not that I think SCIE is going to fail, but if things take longer than expected, I have other investments to fall back on as I wait. These investments which are NOT investment advice can be found on my board 'Joey's Investment Board'.
11. Lets not ignore the fact that the CEO and others do own shares in SCIE. regardless of size, this could be interpreted as a good thing.
12. Most important (my opinion):
over $4 million are in default owned by 79 investors. The 10Q clearly states (again) that every one of these 79 investors still have not served notice meaning they are willing to wait to get their money back. This to me, more than anything else, shows me serious investors see the potential SCIE has to succeed.
So in conclusion, am I ecstatic about the 10Q. Absolutely not. Things may slow down here for a bit. Does this mean SCIE is a bad investment? No. But deciding 'bad' or 'good' is up to you. Only you can know when to buy, hold, and sell. I know only as much as everyone else. DO NOT invest based on what I write. i dont play that game of , "But joey68, I invested because you made SCIE seem so good". Hu, no. Its your money. Nothing I say is investment advice. Do NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE. ...sound like a broken record.
First off, let me start with this: How many people actually read the ENTIRE 10Q? it took me a friggen week. Who would build a house without looking at the blueprints? Then why do people throw money into investments without reading the SEC filings aka the blueprints of your investment?
Ok then.. here we go...
1. The authorized share count has increased.
2. The super voting shares were issued to simplify the future progression of the company. It sounds like they are trying to create a buffer with the hopes of not having to authorize more shares. By doing this, it may mean they are planning on having revenue to finance their company rather than issuing more shares.
3. For the average investor (pretty much all of us in here), we have no say in any of this. You would have to have been involved between 2012 and march 2016 AND obtained eligible warrants in order to participate.
3a. warrants are a way for someone to buy stock at a certain price until they expire. Google this stuff for more info.
So why is this happening and why right now? Hard to say. This definitely caught me off guard. Its obvious the people at SCIE want certain people to have control of the company. This doesnt mean its necessarily 'bad' as these things happen all the time. Instead, we now have to wait to find out why exactly these super stock were created.
4. the 10Q wasnt great in the sense of short term investors wanting to make a million dollars. For me and other longs, nothing has really changed. Obviously we arent mindless drones and understand that if news appears which warrants us to sell our position, we would. But until then, I remain confident in my investment here.
5. Im not playing the 'buy buy buy on the dip" game. ill pick up some shares here and there, but im content with what I have and want to average up rather than average down.
6. Speaking with someone else who had mentioned its possible some other company tried to take SCIE through a hostile takeover and that SCIE issued these shares to prevent that from happening.. Id have to say "EHHHHhhhhhhhhhhhhhhh..... Im not sure about that one". The company is just about to start sales and to think another company like PENTAX or Olympus is planning a hostile takeover is very questionable and not even a thought on my radar. Yet.
7. The super stock can be voted by THREE independent outside directors. I have no information on this and only time will reveal more.
8. There has been no word on PENTAX leaving SCIE which means SCIE is still working with PENTAX. Notice China was mentioned in the 10Q. I wrote about this months ago.
9. Seeing these filings caught us off guard, it seems things MAY take longer than expected but in realty who knows. A few years ago SCIE released a PR about upcoming sales and the price skyrocketed.
10. Never keep all of your eggs in one basket. This is why its good to invest in more than one company. Not that I think SCIE is going to fail, but if things take longer than expected, I have other investments to fall back on as I wait. These investments which are NOT investment advice can be found on my board 'Joey's Investment Board'.
11. Lets not ignore the fact that the CEO and others do own shares in SCIE. regardless of size, this could be interpreted as a good thing.
12. Most important (my opinion):
over $4 million are in default owned by 79 investors. The 10Q clearly states (again) that every one of these 79 investors still have not served notice meaning they are willing to wait to get their money back. This to me, more than anything else, shows me serious investors see the potential SCIE has to succeed.
So in conclusion, am I ecstatic about the 10Q. Absolutely not. Things may slow down here for a bit. Does this mean SCIE is a bad investment? No. But deciding 'bad' or 'good' is up to you. Only you can know when to buy, hold, and sell. I know only as much as everyone else. DO NOT invest based on what I write. i dont play that game of , "But joey68, I invested because you made SCIE seem so good". Hu, no. Its your money. Nothing I say is investment advice. Do NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE. ...sound like a broken record.
(4)
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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.
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Invite Only
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.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
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.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
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