ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

with the price from .11 just a few weeks ago the price has jumped considerably and I'm sure those day traders are taking profits.

You can count on that. Not only are the financiers who have been underwater all year now priced to finally sell their shares (at least those whose shares are priced from .13x and lower). Per the SEC filings, there were approx 17M such shares lurking in the float prior to the current run – excluding the 22M shares of .05 PIPE stock, of course. It is my opinion that anything priced between .08x and .11x is effectively gone, and so if we consider just the shares priced at .12x thru .13x, that leaves approx 6M shares. At the rate shared are churning over, so long as the TA indicators remain bullish, we may be able to eat thru these in 2 more weeks.

Once we hit .1960 though, there will be approx 3.1M shares priced at .14x that will become priced to sell.

Only 800k shares are priced at .15x, which will become priced to sell at .2100.

And only 1M shares are priced at .1634, which become priced to sell at .2288.

After that, 1.9M shares priced at .1700 become priced to sell at .2380.

Then only 170k shares priced at .1800 become priced to sell at .2520.

Then 1M shares priced at .1900 become priced to sell at .2660.

Then only 900k shares priced at .2000 become priced to sell at .2800.

And finally 600k shares priced at .2765 become priced to sell way up at .3871.

Bottom line is that if buying interest continues, the biggest obstacle from financier shares lurking in the overhang will be getting thru the .20 barrier and then the .24 barrier, as these represent the levels where the highest quantities of dilutive shares can be expected to be sold into the float. At every other “sell” level, the quantities appear manageable – so long as the buying interest continues, of course.

BUT, in addition to the financier shares that have been lurking in the overhang for almost a year now, folks need to remember that at the current price levels, we now have the shares that were bought at the .13x levels just a few weeks ago that are now beginning to be priced to sell. We had a big base formed at this .13x level (2-3M shares, I believe), and so it can realistically be expected that a chunk of these will begin getting flipped, with more getting flipped as the sp continues to inch upward.

Don't feel those pipe shares are doing as much harm as being projected.

The harm they inflicted has already been done, unfortunately. Or was the freefall down from .165 to .0821 that began in mid-JUL’14 just as 4-5M shares of the initial tranches unlocked and got immediately dumped just a mirage? And, also unfortunately, they still have millions of more shares lurking in the float…