Face it, there's a LOT of bad performing stocks in 2012. PYN went bankrupt. BAJ's costs went out of control. RIM went out of favour. INT went from the tech darling to the tech chump as they couldn't deliver on their promises. YLO has had great issues handling their debt after years of poor money management and lack of foresight. CMT managed to initiate a buyout after a 200 for 1 reverse split from their recapitalization that pretty much stole the company from shareholders and debtholders.
But there's NO ONE like SCT. All those companies above suffered because of poor choices or poor circumstances, or both. But NOT ONE above did a needless 20 for 1 reverse split AFTER financing had been had, thus scaring off any potential investors and killing liquidity. Also, doing all this while lawsuits have alienated potential clients, threatened cash flow and while during tax loss season where investors will be looking to dump their shares. Even funnier is that the financing was filled by insiders, who had full control of the decision to do the RS and had the most knowledge of the lawsuits yet forged on ahead as if everything was going to be great.
The lawsuits mostly stemmed from the breakup between the creator of the Vindicator technology and former CEO Philip Rogers and the company as HH wanted him out, primarily due to the excessive spending. While doing that made sense, they failed to assure the legal system and clients thus far that none of his OADS patents have been infringed upon after Rogers removal. Just because SCT releases statements saying that the lawsuits have no merit doesn't make it true to the judges or the wind farms' eyes. And that is what is driving the lack of sales agreements.
Thanks to all this SCT/CTW is back to where they were before Rogers dumped his shares...an illiquid stock trading in the 20's...as if nothing happened. But of course the RS happened so the stock is down 95% in the matter of a few months with management and large investors taking the hit every step of the way. For that I think they can proudly wear the "Worst Stock of 2012" badge. HH is actually Australia's best fund advisor. This is definitely a black eye on their reputation.