SCSS files 8-K on 10/16, saying company has waiver of default on bank debt until 10/27. According to transcript of of the Earnings Report on 10/22, President McLaughlin states one of three key priorities of management is to improve capital structure [company reports that it incirred $3.3M expense in 3rd Q on termintaed financing effort]. On 10/27, what does company report? A Director resigns "not the result of any disagreemnet with the company". Commentary on the pending default in the company's debt agreement"? ZERO. 24 hours later and still nothing to correct the impression that, at least according to their public disclosure position, the company is in default of it's debt agreement.

Is it fair to conclude the company's banks, which have been bleeding it dry with waiver fees for the last several months, still are not buying the message that things are getting better? Does the managementb / Board think the shareholders are best left in the dark?

The lights "may" be on; is anyone home?