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No financials still, If as suggested the financials are fkd up what happen to the LOC... Still based on the same criteria/withdrawn??
It is exciting because it is someone who has experience in the pharmacy compounding industry. Over 10 years to be exact and a history of leadership experience. I believe this was a great move by the mgmt at ScripsAmerica.
ScripsAmerica Appoints Anderson L. Triggs to the Company's Board of Directors
Mr. Triggs Brings Over 10 Years of Experience Managing Compounding Pharmacies to ScripsAmerica
TYSONS CORNER, Va., May 26, 2015 (GLOBE NEWSWIRE) -- ScripsAmerica, Inc. (OTCBB:SCRC), a leading provider of a range of specialty prescription and over the counter pharmaceuticals and medical supplies, today announced the appointment of Anderson L. ("Andy") Triggs to the Company's Board of Directors. Mr. Triggs is currently operations manager for a leading compounding pharmacy
FYI, for those interested in keeping score:
Since the big crash that occurred during the 4/8-4/10 sessions where 12.5M shares representing just about $1M got dumped over 3 days cratering the sp down to historic lows in the .06x levels, only 8.1M shares have traded in the month and a half since, accounting for only $740k.
Here is the breakout of the trading since the crash:
Approx 4.64M shares @ the .08x levels
Approx 1.96M shares @ the .09x levels
Approx 1.53M shares @ the .10x levels
For reference purposes, the 12.5M shares that got dumped during the big crash, here is the breakout:
Approx 0.79M shares @ the .06x levels
Approx 4.25M shares @ the .07x levels
Approx 4.52M shares @ the .08x levels
Approx 1.50M shares @ the .09x levels
Approx 1.50M shares @ the .10x levels
So what does this mean?
IMO, this means that we need a MAJOR catalyst in order to bring in buying interest that will be sufficient enough to absorb the profit-taking that will occur when all these .07x and .08x shares get flipped. Otherwise, we will hit a wall at the .10-.11 levels and retrace back to the .08x-.09x levels we are currently at until the rest of these cheaper shares get flushed thru.
I had opined previously that I believed that all the .06x shares that were intended to be flipped have flushed thru already and I still believe that. It is also my belief that approx half of the .07x shares have also flushed thru as of today, and that hardly any of the .08x have flushed thru.
...oh, and none of the above even takes into consideration the 28M shares of 0.00 and 0.05 PIPE stock that SCRC doled out to its resident homophobic criminal JOSEPH ZAMPETTI and his fellow CORE con artists, who even after the historic crash, still are at the front of the line with the cheapest stock SCRC has ever issued...
...all in all, that's a $#!+load of overhang, folks, and there's no way to spin that... ...of course, the one good thing about this current situation is that once the sp begins rising out of the .08x levels, that other LEGITIMATE retail shareholders will now be part of the group selling at the .09x-.11x levels, as opposed to all the other countless times in the past couple of years where only the criminal CORE group had shares that were priced to sell this low...
Well, it is comforting to know that BS Schneiderman somehow finds the time to file Form 4's with the SEC to reflect the fact that he is continuing to dole out shares to himself and his fellow BOD insiders, LOL...
Come to think of it, I haven't seen anything from them lately. No PIMD numbers for April. No Diabetic Supply updates...nothing. Did they just give up? Go on vacation? What the heck is going on over there?
Kind of surprised that SCRC didn't even bother to file the requisite NT to inform the SEC and shareholders that the Q1'15 10Q would be late. Sure, it could be surmised that if the 10K is still outstanding, then the 10Q would naturally also be delayed until the 10K is ready, but I would have suspected that formal protocol would still have been followed to officially communicate the delayed status of the 10Q w/the SEC...
$SCRC recent news/filings
bullish
double bottom
The 10K getting filed will be good, no doubt, but if it is not ready by 5/15, then an absent 10K combined with yet another NT filing saying that the Q1'15 10Q will be late will be a double black eye for SCRC. If this occurs, then it is likely that the 10Q is being held back until the 10K comes out, and that BOTH the 10K and 10Q will end up coming out at the same time.
Not sure but I would think it has to do with the accounting methods that SCRC employed last year in their revenue recognition.
I don't think they would spout out #s in PRs that were incorrect as that would mean disaster for the management group.
I think the auditors are just taking their time and could not care less how late it is.
All we can hope for is that Bob and Jeff are pressuring them to get it done.
With last week's April #s (which were great) and the 10K, we will see the PPS pop quickly.
The real issue is the stock being on the pink sheets now. No institutional investors will touch it. Get the 10K done, come off of the pink sheets and we will see some nice increases and volume.
If the company is smart, it responds to the letter, and it also warns its shareholders.
For most traders, I would surmise that they are rather ignorant of the whole "Pink Limited" vs "Pink No Info" tiers and so moving down from Limited to No Info would be a rather transparent event that few retail traders would even notice, care about, or even understand... ...but being kicked to the greys, on the other hand, I know that this would scare the heebie-geebies out of many retail market participants simply because it would be obvious that something is rotten in the state of denmark when MM's stop listing B/A prices...
...so in this vein, in regards to your comment that "right now, SCRC is not seriously delinquent", would it be correct to say that in your best opinion (don't worry, I won't hold you to this, LOL), SCRC is not in any real danger of being moved to the greys?
If correct, then from your experience, how late would SCRC need to be before you would consider them to be "seriously delinquent" enough to be at-risk of being moved to the greys?
OK, so it is starting to make a bit more sense now...
...but based on your understanding, would it be correct to say that there is still the possibility (even likelihood) that SCRC may get moved from the "OTC Pink Limited Info" tier to "OTC Pink No Info" tier if it continues to have an unfiled 10K? But that we simply do not know what the exact triggers/conditions/timelines are for when this would occur?
...and based on your understanding, given that SCRC is a SEC registrant, would continued failure to file a 10K put SCRC at risk of being moved to the greys? If so, how late does the SEC permit registrants to be before moving them to the greys?
Appreciate your patience on this one, janice!!!
It's also important to remember that Pinks don't file 10-Ks or 10-Qs. Those are for SEC filers only.
@janice,
Apologies for shifting gears here in the middle of a pre-existing thread discussion, but I was hoping you may be able to shed some light on a question for me:
For a company that is on the OTC Pink "Limited" tier due to failing to file a 10K, at what point does the company fall into the OTC Pink "No Info" tier? And then what is the trigger/timing for when said company gets sent to the greys?
According to the OTC site, for a company to maintain its "Limited" status, it must file a Quarterly Report or Annual Report for a fiscal period ended within the previous 6 months. Note the words "fiscal period ended", as opposed to filing date.
However, I am aware of a company whose last Q/K was the Q3'14 10Q. So, regardless of the fact that it was filed in mid-NOV'14, this Q covered a fiscal period that ended on 9/30/14.
This company initially retained its "OTC Current" tier status by filing a NT on 4/1/15, but when the 4/15/15 due date passed with no 10K, its status changed to "OTC Pink Limited Info".
So we are now well past the 6 months since the most recently concluded fiscal period for which a K/Q was filed. So why would this company not be moved to the "OTC Pink No Info" tier by now? Am I mis-understanding the procedures/triggers/conditions/timing?
Bottom line questions: When will this company be sent to "OTC Pink No Info" and then when would it be sent to the "greys"?
As always, TIA!!!
Contrary to your criticisms of Bob, I must congratulate Bob and his team for one 'Helluva' job!
SCRC has historically PR'd Main Ave numbers between the 1st-6th days of the month. In addition, SCRC has historically PR'd the numbers in the early part of the week... ...so, if history holds to form, then the PR re: APR numbers should come either tomorrow or WED at the latest.
In reviewing the stats, I am highly doubting that Bob, Jeff, Adam, and Mr. Zampetti will allow the publishing on monthly revenue numbers since they are very low
And these comments are productive how?
Another "gut"-less CORE criminal speaks, LOL...
...so how has it been working out for you since you and kenbe tried telling folks to keep holding and adding more shares because GSK, a blue chip pharma company, also had hideously high selling expenses and so that meant that SCRC's skyrocketing selling expenses were GOOD for shareholders???
Not only was your pump toxic, but it was even proven to be completely false once I posted what GSK's actual selling expenses really were, which were in the 20% range -- not even the same stratosphere as SCRC's 65% selling expense rate...
...but alas, I am sure that with 28M shares of 0.00 and 0.05 PIPE stock, you, kenbe, and all the other proud CORE associates of the homophobic criminal JOSEPH ZAMPETTI are doing just fine...
I think it will be profitable, particularly when business starts with China. Give bob time to implement his plan.everyone just sit back and relax:
Just like with the "analyst report" from SeeThruEquity, non-CORE shareholders should understand what this penny stock newsletter article is and what it is not -- and take advantage and play this accordingly. I would suspect that most have fairly quickly recognized this as a pump based on NOTHING of substance, but rather based on stale forward-looking statements and a distorted spin on the low Q1'15 numbers... ...here are notable excerpts...
ScripsAmerica, Inc. (OTCMKTS:SCRC) highly efficient marketing and distribution platform
SCRC has been putting out a number of significant press releases in recent weeks including the one on June 3 that started it all; they announced that the Company has begun discussions with Forbes Investment Ltd. to market, supply, distribute and adapt its RapiMed(R) products throughout China.
ScripsAmerica is expected to generate net income of $400,000 on nearly $10 million of revenue, significant increases from revenue of $617,000 and a loss of $1.2 million for the same period in 2014. Growth at Main Avenue Pharmacy was driven by over $8.7 million of first quarter Approved Orders.
My goodness, tryz... ...leave it to you and the other CORE con artists to find a way to utter so many words -- but yet manage to say nothing at all...
I for one personally think that all longterm shareholders should embrace all the hard work and efforts brought forth by ScripsAmerica Inc. and its management team that brought us to where we are today
for all the believing private placement funding people and the rest of us loyal shareholder base
You know, from after his trading group conferred.
Form 4 sell from yesterday. 50,000 at $.10.
Today was an interesting day with mixed indicators. It broke a string of 9 days in a row where the VWAP had risen. But at the same time, it was very low volume.
In looking at the stock chart for SCRC, I see the 50 day MA is ready to cross below the 200 day MA..ie, I hope the death cross does not really mean this is going down again. In the very short term, I am thinking NOT since we are still above the 10 and 15 day MAs.
Here is the confusion.
Plus I'm sure they have bought other shares also, at least some.
So you have to think about the stupid conversation about those .05 shares that's been going on for over a YEAR.
So if anybody bought at the new low of .06 then they would be up 100% at .12. That's what people should have done and did, so all is fair in regard to the core having .05 shares and now everyone who was risky enough to buy in at .06 like the core at .05, lets call it even.
All this incessant complaining the core has .05 cent stock. Well here is the reality all thoselosers if they bought .0069 to .08 they would hae had 60% to 80% return in less then 14 trading days!!!!!!
Bottom Line: The crustaceans had the ability to but em cheap and could have made 50% plus in less then 14 days. But here is the reality they would prefer thei time spent being critical every day instead of making $$$$$$. Gray sheets, no rapimeds, no cvs, etc etcetc. Well .0069 to .1180 is over 71% in less then 14 rading days without a restriction!!!! Well done ihubbers!!!!!!
"Rapid meds will ship in 4to6 weeks"
Meet the:
Safe Harbor Statement...
...Bob can't control the speed at which Hong Kong gives final approval...
Exclusions
Except to the extent otherwise specifically provided by rule, regulation, or order of the Commission, this section shall not apply to a forward-looking statement that is made with respect to the business or operations of the issuer, if the issuer—
(A) during the 3-year period preceding the date on which the statement was first made—
(i) was convicted of any felony or misdemeanor described in clauses (i) through (iv) of section 78o (b)(4)(B) of this title; or
(ii) has been made the subject of a judicial or administrative decree or order arising out of a governmental action that—
(I) prohibits future violations of the antifraud provisions of the securities laws;
(II) requires that the issuer cease and desist from violating the antifraud provisions of the securities laws; or
(III) determines that the issuer violated the antifraud provisions of the securities laws;
(B) makes the forward-looking statement in connection with an offering of securities by a blank check company;
(C) issues penny stock;
(D) makes the forward-looking statement in connection with a rollup transaction; or
(E) makes the forward-looking statement in connection with a going private transaction
Here is SeeThruEquity's actual report for those who are interested:
http://www.snl.com/interactive/lookandfeel/4578348/SCRC_Equity_Update_Note.pdf
Remember folks, publicity is publicity so take advantage of this while it is here and drumming up buying interest. HOWEVER, before deciding how long you want to hold SCRC stock for and whether this $1.20 price target is attainable within the next 12 months, understand first and foremost that SeeThruEquity (STE) is a paid promoter. SCRC used their services before and you can see from STE's own website the suite of promotional services they provide for paying customers, including analyst coverage and issuing analyst reports.
For those who remember STE's prior "analyst report", you will easily see that they simply re-iterate SCRC's PR's w/little independent analysis to verify/validate/evaluate the veracity and sensibility of Mgmt's projections and other forward-looking statements.
Here are some noteworthy excerpts:
Although it is in the early stages, PIMD has experienced rapid growth from a small initial base, with revenues increasing from 135,000 in January to $554,000 in February.
Specialty orders came in at $3.4mn in January and $3.8mn in February, which management attributed to seasonal factors.
Main can file for arbitration to adjudicate the ending of the contract, and ScripsAmerica noted that despite this development it still expects to be able to grow revenues
On March 6, 2015, ScripsAmerica announced that it had entered into letters of intent to acquire equity interests in two pharmacies, expanding its specialty pharmacy operations into an additional 30 states.
The company also secured a $4mn working capital line of credit from Triumph Healthcare Finance, adding additional financial flexibility from an experienced strategic partner.
We maintain our price target of $1.20 for ScripsAmerica If achieved this would represent 1100% potential upside from the recent market price of $0.10 on April 22, 2015. We see the next twelve months as a key period for the company, as we expect ScripsAmerica to demonstrate growth in its specialty pharmacy business, form a baseline of business at PIMD, and provide an update on the launch of its RapiMed product in Hong Kong.
How many times do we have to go thru this??? Just as I pointed out when RockyW, one of many publicly self-disclosed CORE members, had claimed that he controlled 7.5M shares, it is not possible for 1 shareholder to control that many shares because doing so would put them WELL OVER the 5% threshold that would have triggered a 13G filing long ago (along with another amended 13G filing if any one shareholder dumped 8.8M shares the way JOEY Z and his criminal CORE are desperately trying to make folks believe now)...
...and as SCRC's own SEC filings over its entire history shows, the ONLY 13G filings that have EVER been made have been for BS Schneiderman, the members of the BOD, and Ironridge.
Had there been "one seller" responsible for the flash crash, then the window for filing a 13G has now closed for any such seller who may have been single-handedly responsible for dumping during that 12.6M share sell-a-thon during the 4/8/15 thru 4/10/15 period of time, and there have been ZERO such 13G filings, which by itself blows a hole right thru these ridiculous claims by JOEY Z and his CORE group of fellow retail penny flippers...
Concerning the theory of 1 seller on the Wed of 8.8m there are "other" ways to skirt the system. I will not reveal as its pretty 101
the company is still several more weeks out do to the auditors process of all there explosive financial situation
More fantasmic fiction from SCRC's own resident homophobic criminal, JOSEPH ZAMPETTI, LOL:
Then the 1 seller 8.8m csti wed massacre .11 to .0669...
...the stock moving down was 2 prong CVS and the latter melt-down was 1 seller...
There have been some large buyers if you look at the tape, not consisently every day but their have been. With the intial heavy volume we could have easily been .02 cents a share if there was not A SIZE BUYERS OR BUYERS WHO WANTED .07 TO .10.
The 6.6M base at .08x is growing nicely. It is the largest base that we have had since we had the 10M base in the .19x-.20x levels a few months ago (of course, a lot of good that did us, LOL...). Aside from the unknown number of shares that are part of the original 40M shares held by the criminal homophobe JOSEPH ZAMPETTI and the rest of his criminal CORE con artists that they will try to liquidate, it is my belief that -- barring any bad news or unfavorable disclosures in the 10K -- this base at the .08x levels is almost ripe for building up off of. Reason being that the number of shares at .06x-.07x is dwindling rapidly and so unless the rest of the .06x-.07x shares suddenly hit the bid all at the same time, .08x should be able to serve as a base of support for us.
That being said, as we move up -- and especially as the base at .08x continues to grow -- look for some resistance beginning around the .096x levels as this will be where some flippers will begin taking their 20% profits, with additional profit-taking at .10x on thru .12x. Of course, there is always a percentage of those shares bought at each price level that are NOT flipped in the short-term, but those that are intended for short-term flips will typically flush themselves out in the "20%-50% gain range".
CHP, you've been very quiet lately. I'd love to know your take on the late 10K.
I am seeing Bob making a big splash with a super push up to $0.16 next week
up 10% celtic green for the day! Great job on seeing .055 lol!