RE:RE:SCG nice support today"Should I buy $1,000 of shares at half a cent. Assuming a 1 for 20 rollback"
That is a really big assumption given the situation. The creditor is in the drivers seat and they have stated that they want their money. This delay (I assume) is Selectcore buying days from them on a short leash promise that they can find it. Now that would be a real long-shot.
As far as a rollback and reissue, it is possible but Selectcore already has permission for that and if the creditor was willing to go down that road you would think it would have been announced 3 weeks ago if not sooner. There would be no advantage for anyone to delay that if it was on the table so I would have to think at this point in time that the creditor has no interest in swapping their loan for newly issued shares.
I am not making predictions but if I was to place a bet I would say that as soon as the short leash runs out of length then there will be a bankruptcy protection filing which will render these shares worthless.
Past all that, management had a responsibility to update the shareholders when that loan can due on the first of this month. Their silence is disgusting and I am not quite sure how they are allowed to get away with this.