Nice newsGood news as SCG taps into the U.S. market.
The company is making good progress and is trying to get up on its feet in order to make profits and crawl out of its debt. There is also a lot of manipulation taking place on LVL 2. I see accumulation taking place as they try to get the cheapies.
However there is still b.s. being posted here, and no the board hasn't cleaned up nicely. The insiders don't own 65% of the company. Here are the top holders of SCG.
| | | | | | |
| McKenzie (Keith J) | 11.8M | $360,217 | +43% | 10.7% | -- |
| Deslippe (Ryan) | 9.7M | $297,523 | +36% | 8.9% | -- |
| Bernholtz (Martin C) | 5.8M | $178,156 | +21% | 5.3% | Low |
| Camlin Asset ... | 0.0 | 0 | 0% | 0.0% | Moderate |
| Matrix Funds ... | 0.0 | 0 | 0% | 0.0% | Moderate |
There is also this man that owns a significant number:
Abuleil, Mohammad
Latest Filing Date: February 16, 2011
Control or Direction
Common Shares 388,000
Direct Ownership
Common Shares 4,994,037
Options 1,550,000
However as you can see it comes nowhere close to being 65% of holdings when you add the shares up.