ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

From JOSEPH ZAMPETTI (who else, LOL):

I noticed CHP is truly getting desperate from last night. He is now stating the stock is getting shorted, 1st time he HAS SPOKEN ABOUT THE BOOGEY-MAN LOL!!!!

THE MAJORITY OF THE STOCK SELLING IMHO IS BKRT SEASIDE AS IT SHOULD BE CRYSTAL CLEAR TO EVERYONE THAT ITS SEASIDE!!!!!!! ITS PRETTY 101. YES WDCO .05 SOLD THIS WEEK BUT VERY ORDERLY. THIS IS NOT BEING SHORTED AS THE INSTITUTIONS ARE ACCUMULATING AND PUTTING IT AWAY.

Sorry, JOEY Z, but you simply continue to embarrass yourself with un-factual statements. Several financial sites report the same shorting activity; here is but one of them:

http://www.mightymarkets.com/short-volume-lookup/

As I stated, that is approx 2.6M shares shorted out of the total 6.2M volume this past week. That’s 42% of the total shares traded.

Shorting has NEVER been an issue prior to this past week as we would often go months with hardly any shorting activity, with perhaps only a couple months in SCRC’s entire history where we even cracked over the 100k share level.

As I stated in my prior post, 2.6M shares in one week is very much unprecedented – and it is NOT a coincidence that it is occurring at the same time that the hedge funds began staking out their positions in SCRC. I stand by the comments I made many months ago that there is a reason why TUTs don’t approach SCRC directly to negotiate a favorable discounted pricing on large blocks – and that is because they are trading-centric TUTs who do not want to be trapped by a 180-day lockup period that comes with restricted PIPE stock; they want the flexibility to jump in and out and they will use every financial instrument in their arsenal (including shorting) to get the most bang out of their buck. That is what they do. Not all TUTs are our friends – or haven’t we learned that lesson yet from our time w/Ironridge?

JOEY and the criminal CORE were wrong earlier in the year when they kept blaming Ironridge for the selling when it was clear from the tape that IR had left the building long ago, and they are wrong and intentionally misleading and deceptive now about both Seaside as well as the selling by the CORE PIPE-holders. If IR and Seaside had actually sold everything that JZ and the CORE keep pointing the finger at them for, that would have meant that they sold MORE shares than they ever even held, LOL…

...I continue to be in awe at the ever-increasing number of feet that JOEY Z manages to be able to put in his mouth at the same time...