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In response to those shareholders who have inquired as to why I have not posted a "Dilution Update" for a while, the reason is because ever since the sp began sputtering (first in the .17x levels and then the slow bleed down followed by the flash crash), there has been no need for it as there has been no change.
Remember, the dilution schedule I have been tracking and sharing with folks here is primarily to track all the restricted shares that have unlocked and hit the float (primarily held by financiers and the CORE criminals).
So where we last left off, all such shares in the overhang that were priced at .13x and below (other than the .05 PIPE stock along with other shares held by JOEY Z and his CORE con artists) have effectively flushed thru already. So the next potential batch of stock that we would need to be on the lookout for would be those priced at .14x, and there are only approx 1M shares of these left -- and these aren't priced to sell until the .196x level. So as you can see, it will be a while before we need to worry about overhang-related dilution (and even then, if you recall the most recent Dilution Update I had provided, the quantities at each level beyond that is relatively thin, so it would not take much buying interest to push thru each respective resistance point).
BUT, discussing overhang-related dilution is now tantamount to letting the cart lead the horse. We are nowhere close to having this be a relevant discussion point right now. We have to first allow all the short-term trading shares to churn over level by level -- and hope that little pieces of good news finds its way into the market periodically to help provide the little push from leg to leg after each round of consolidation. It's like building a house of cards (ironic analogy, I know, LOL...) where delicate balance is required at each level otherwise it crumbles and we have to start all over again...
there were several million shares traded sub-.08 during the crash, including close to a million sub-.07. These will need to flush thru before we can break thru .09. And when that occurs, it will simply be because the technical indicators are allowing it to when we see that not only have the .06x-.07x shares have flushed thru but also when a large enough base has been formed here at the .08x levels -- and NOT because of anything to do with SCRC's fundamentals, because absent major positive news, there is NOTHING about SCRC's fundamentals that will have changed since the NT filing came out...
For once, SCRC's resident homophobic criminal JOSEPH ZAMPETTI (aka Celtics2014) speaks the truth -- albeit unwittingly, LOL...
THE NON-CORE WOULD NOT HAVE BEEN ABLE TO DO THEIR 2% TO 3% SCALPS. SO WHAT I FIND FUNNY WITHOUT THE CORE THE NON-CRE MEMBERS WOULD HAVE NOT MADE ANYTHING.
Everyone should focus on Q1 being profitable. It's growing pains, IMHO.
Well, lookie here, it's Tryz, another self-disclosed CORE member... ...so where's that Form 4 from Urbanski documenting all of his massive dumping the day of the flash crash, hmmm? After all, you were the one who started that rumor trying to get folks to hold onto their shares by saying that the selling was just one guy, Urbanski, unloading and that there was nothing to worry about... ...you do realize that the deadline for filing a Form 4 for any insider who sold that day has since past and there has been NO FORM 4's FILED WHATSOEVER, right???
As stated here several times previously, NT filings for penny stocks are par for the course. It is neither a good thing or a bad thing. It just is. It is no different than the IRS permitting taxpayers to file for extensions. So long as you file within the new extended deadline, there is no problem.
And SEC filings for microcap companies requiring extensions legitimately occur for any number of reasons, such as:
(a)
Small and insufficient accounting/finance dept to prepare/file all the required disclosures/schedules in the time allotted.
(b)
Quality and independence of underlying source documentation is typically weak or lacking altogether in small companies, which forces the auditor to have to perform alternative and/or supplemental audit procedures which takes additional time.
(c)
Small companies are low priorities for auditing firms (and given the low fees these small companies generate for the auditing firm, it is understandable and expected within the industry) and auditing firms always give priority to larger clients to ensure that audits and SEC filing sign-offs are completed for these larger clients well in advance of the filing deadlines -- and so this often means that the smaller clients are put on the back burner until the auditing firm can free up resources to wrap up the smaller company's audit and financial statements.
So, this begs to question, isn't the only way Bobby S is not complicit, directly or indirectly, in the pump and dumps, is if he has the analytical capabilities equal to a person in a persistent vegetative state? Literally, how can Bobby NOT KNOW what will happen by working with Joey Z and his gang over and over and over again? Im not kidding, are they friends possibly?
I don't buy for one second that Joey Z is some third party IR consultant that ole Bobby happened to find on google.
The chest thumping continues, LOL... ...but I suppose that the fact that JOEY Z and his fellow criminal CORE members are continuing to pump is a good sign for us, LOL...
So I would like to see all the companies that are profitable in q1 on the pinks????? I am waiting to see who comes up with a list of them. I am sure there are a myriad of them ( not) so fire away.
Does anyone know how many companies are on the pinks????? Any guesses to what that # is?????????????
Bottom Line: I am interested to see all the companies PROFITABLE IN Q1 ON THE PINKS. This will be very enlightening.
More desperate pumping, mis-information, and spinjobs from -- you guessed it -- our favorite homophobic criminal, JOSEPH ZAMPETTI:
In in 2013 we did 600k in revenues. In 2014 we did 30m in revenues quite an accomplishment and turnaround
keep in mind we already went through 39 notes and 12m shares free trading Ironridge.
We hit some sort of speed bump in q4 for whatever reason
and according to the latest pr q1 will be profitable for the 1st time ever to START THE YEAR A HUGE ACCOMPLISHMENT FOR ANY PENNY STOCK.
Another gem (pathetic and desperate as it is) from SCRC's resident homophobic criminal, JOSEPH ZAMPETTI:
It seems to me when Bob S makes presentations buying follows soon there after.
The "core" saved this company and deserve recognition for their efforts. At the time very few people had any confidence to put up $ but the core. Their efforts are very appreciated for bailing scrc out at a time of need! It was the hangout group that came to the aid of scrc at a crucial time.
There are many rooting against the core and thats what will make victory even sweeter.
The beauty is scrc is profitable again in q1 and getting their affairs back in sync again.
THE CORE ROCKS AND WILL BE REWARDED AGAIN!!!!!!
All we can hope for is a solid K, some good numbers for Q1 and old fashion PUMP. I wonder if there are "consultants" that can be hired.
someone is soaking up all these shares, approx 12m since last week in the .08 to .085 range.
The racist criminal himself, JOSEPH ZAMPETTI, speaketh!!! Here is his latest pump from his platform on the Hangout where he goes by the moniker "Celtics2014" and issues his marching orders and talking points for his CORE minions to spread on his behalf:
Well there is about 600k shares traded above average or approx 50k dollars. It appears that there are some buyers from the vegas show which is encouraging.
What I am most impressed with is that over 12.5m shares have traded since last wed and most is about .08 to .085 cents per share.
Ordinarily that would not be cause for celebration
however the reality is as we speak the stock is stabilizing at about .09 cents per share thanks to Bob going on the road and digging in.
We appreciate his efforts as this is a marathon for the core and thats all that matters in the end.
the story is far from over as #s will ultimately be the driving engine.
I expect a profitable Q2 thru Q4.
In fact, I see a record in Q4 eps.
I believe Bob S is more than capable of handling this endeavor by himself. HE IS A GROWN MAN, THE CEO OF SCRC AND I DON'T BELIEVE HE NEEDS HIS HAND HELD
Either I am a class A sucker or a future rich guy... ...This is childs play. I held a penny stock for ten years before this...this one however I am certain will require far less time before I and we the core reap the benefits of belief and patience.
Here's the latest public "testing the waters" pump by one of the criminal homophobe JOSEPH ZAMPETTI's fellow gutless criminal CORE associates:
I looked up Friedman and asked about them and what I was told they are accountants in the healthcare business but they don't specialize in pharmacies, hence why in my opinion the report will take a little more time. I would imagine they have to go thru all orders entered and its very time consuming. Keep in mind this is Friedman's very 1st year end audit with us.
Glad to see more and more folks recognizing and taking advantage of the TRADING (not investing) opportunities here w/SCRC. Those who are long-timers have seen for the past couple of years that SCRC has been a veritable ATM machine for those who were not naive enough to fall for the horrible conflict-of-interest-filled pumps by the criminal homophobe JOSEPH ZAMPETTI and his legion of fellow CORE members who relentlessly urge others to only buy/add/hold and actively discourage ever selling or trading.
As 2014 was coming to a close, SCRC was well on its way from being a stock with only a "trading thesis" to a stock with BOTH a "trading thesis" and an "investment thesis".
However, as Q1'15 unfolded, we began to see SCRC's fundamentals fall apart. It's golden goose which comprised almost 100% of its revenues, lost CVS/Caremark, the 2nd largest pharmacy benefits manager in the country, and based on the piddly $1.45M in approved orders PR'd for MAR, it would seem that CVS/Caremark apparently accounted for anywhere between 70-80% of SCRC's revenues. Remember, in MAR, the annual beginning-of-year re-setting of deductibles is no longer an issue, so EVEN WITH the uptick due to deductibles no longer being an issue, we still only saw $1.45M for MAR.
In addition, the much hyped PIMD apparently also fell on its face -- so badly that BS Schneiderman didn't even PR MAR revenues. However, we were able to reverse-engineer this number based upon the $912k total Q1'15 number he included in the recently published Investor Presentation deck. Based on $912k for the entire Q1'15 period, after knowing JAN and FEB to be $137k and $554k, respectively, MAR must therefore be only $221k, a decline of over 60% in only its 3rd month of operations.
In addition, the much hyped $4M LOC is virtually non-existent and unavailable due to the drastically decreased A/R balance. Remember, the amount of the LOC that SCRC can actually tap into is capped at 85% of Main Ave's A/R balance.
In addition, the NT filing gave us a glimpse of what the 10K will report, and so we can expect that the upcoming 10K will reflect that while SCRC made a profit in Q3'14, that it somehow managed to increase approved orders by almost $2M in Q4'14 comapred to Q3'14 but yet somehow managed to LOSE MONEY in Q4'14 while operating in one of the highest margin business segments on the planet.
Meaningful good news can certainly improve the company's fundamentals, but at this time nothing is really "expected".
Happy trading folks. Nothing wrong with speculating or hopping on a bandwagon when the indicators signal a high probability (though no guarantees, of course) of a likely move up. There has always been plenty of money to be made here at SCRC with plenty to go around -- just be aware that there are scores of members of the CORE group (many who have publicly self-disclosed their membership) who want it all for themselves and have shown a willingness to lie, cheat, steal, and violate securities fraud laws to stick their hands in everyone else's pockets.
GLTA...
its a penny stock.. dont hold for long but ride the uphill wave!!!
...and re: the toxic .05 PIPE stock, I personally think that there are only a few million shares left, but as I have stated several times here on this board, the 22M shares of the actual PIPE stock is NOT the only problem. These are simply the tip of the iceberg.
Remember, we have approx 30-ish individuals who participated in this PIPE deal. And many of them also participated in the P&D campaign and received compensation from SCRC of 6M more FREE shares... ...and on top of that, I would surmise that all of them had also personally front-loaded and have been actively trading the rips and dips over the past couple of years as well... ...so what does this all mean? It means that these amateur PIPE financiers/promoters actually have much much more than simply 22M shares of .05 PIPE stock that they are dumping.
With 30-ish individuals involved, I would not be surprised one bit if in total, the aggregate number of shares that all became priced to sell due to the averaging-in of the 28M shares of 0.00 and 0.05 PIPE stock (not to mention the active trading) is between 40-50M shares.
Share Structure:
* 138,829,119 Outstanding
* 37,000,000 Held By Founders
* 17,000,000 Restricted
* 40,000,000 Held By Core Group
SCRC's latest Investor Presentation Deck published 4/7/15, which is what they will present in Las Vegas and is what they likely also presented at the recent previous conference as well:
http://www.snl.com/Cache/1001196841.PDF?Y=&O=PDF&D=&FID=1001196841&T=&IID=4578348
Interesting tidbits...
SHARE STRUCTURE
* 138,829,119 Outstanding
* 37,000,000 Held By Founders
* 17,000,000 Restricted
* 40,000,000 Held By Core Group
Look who is now officially a "public figure/entity", LOL... ...it is now officially permitted to use the word "CORE" and discuss this group of "investors", most of whom have spent the past 2 years lying and stealing money from the retail masses while violating securities laws to hide their status (and resulting financial conflict of interest) as paid promoters... ...game on...
PIMD
Q1'15 revenues are being reported to be $912k.
So if JAN was PR'd to be $137k, and FEB was PR'd to be $554k, then this means that MAR was only $221k.
Yikes...
Q1'15 TOTAL REVENUES OF $9.6M
So this provides clarity to the previous PR that simply stated that Q1'15 revenues would be "almost $10M".
So now let's revisit the calculus:
JAN approved orders PR'd to be $3.49M
FEB approved orders PR'd to be $3.76M
MAR approved orders PR'd to be $1.45M
JAN-MAR PIMD now disclosed to be $0.9M
Add 'em all up and what do we get? $9.6M.
Nice and tidy math, right? Yes and no. As stated previously, the problem is that based on the Q4'14 estimates from the NT filing, it appears that SCRC still had approx $7M worth of backlog as of 12/31/14. For Q1'15 revenues to only be $9.6M -- and for it to be 100% accounted for via the Q1 monthly approved orders and PIMD revenues as itemized above -- this means that as of 3/31/15, Main Ave still has approx $7M worth of backlog. IMO, most likely Main Ave caught up and filled the backlogged Rx's from 12/31/14, but this just means that they only filled approx $1.7M of the $8.7M worth of new approved orders during the entire Q1'15 period. THIS IS REALLY BAD NEWS.
major buy signal
bet this is Iron Ridge exiting
I agree with you that it will be interesting to see if there are any filings over the next few days that show some dumping by the insiders
Who exactly was it? Please do share the exact facts.
As far as cvs if one did their dd they declared elimination of paying for compounding medicine. Imo it will be worked out.
I guess there can be no complaints that some have .05 shares n others dont.
There was a post market buy at 4:11pm et that brought this back up to .105.
PIPE SHARES for all!
While it is always unsettling to watch the price get hammered like this, it is a common tactic used to scare away some of the more skittish retail investors to allow institutions to pickup more shares.
We all know these stocks can be risky... just average down man...
The 2nd half of the year? Looks like the goalposts are being moved yet again. My favorite was a "November to REMEMBER" or was it a "December to REMEMBER"? At this point, there have been so many hypes I have lost track.
Going to be a great entry at 4 cents.
I BELIEVE SCRC WILL SURGE IN THE 2ND HALF OF THE YEAR.
I believe the 4 horsemen will bring in $7m/month at 15% net.
Celtic green today. Closed at .115!!!
Can't keep a good stock down! Tape doesn't lie!!!
Q4 .03 cents eps.
the 1st time ever profitable to start the year!
ScripsAmerica Announces $8.7 Million in First Quarter 2015 Approved Orders at its Specialty Pharmacy
ScripsAmerica is expected to generate net income of $400,000 on nearly $10 million of revenue
The addition of the pharmacies currently under Letter of Intent should help accelerate growth in our specialty pharmacy business.
Our Diabetic Supply Program is rapidly approaching 1,000 enrollees
we believe 2015 will be a tranformational year in which we build tremendous value for shareholders in ScripsAmerica."
If history is any indication, we should see the MAR approved orders number sometime this week. Hopefully, the loss of CVS/Caremark will not be as bad as we think. A silver lining is that with the beginning-of-year deductibles issue expected to be behind us now, maybe the increase in orders related to deductibles now no longer being an issue/obstacle will offset some of the loss related to CVS/Caremark, resulting in a net net that is minimal. Cross your fingers folks!
And re: PIMD, with $137k in JAN and $554k in FEB, hopefully, we can be close to $1M for MAR.
And re: the diabetic supply program, hopefully we can be close to reporting 1,000 enrollees by end-of-MAR.
If we are short of $1M for PIMD and 1,000 enrollees for the diabetic program, then I hope we are not short too much as it would not be a good sign for where the future growth curve would then project the ceiling to be if the growth rate already began petering out in MAR (remember folks, Main Ave's monthly growth rate when it launched last year kept gaining steam and didn't show any signs of petering out until OCT-2014, a full 9 months after it launched)...
SCRC HAS AN OUTSTANDING TEAM. I AM WAITING FOR FCA TO START STEPPING UP ITS GAME SOON AS I CONTROL 7.5m shares.
With the expected Q4'14 net loss that was disclosed in the NT filing yesterday, an important metric to look for when the 10K comes out is the Cash Flow Statement, in particular the disclosures re: how much of the expenses were cash expenses vs non-cash expenses, and how much of the cash expenses was actually paid vs accruing as A/P.
Point being, with approved orders and revenues dropping significantly, it logically follows that A/R will also nosedive.
Why is this important?
Because of the terms of the LOC.
Remember, although the maximum amount SCRC is theoretically able to drawdown is $4M, the actual amount available to SCRC is much much less.
The terms of the LOC stipulate that SCRC is only permitted to draw down an amount equal to 85% of Main Ave's A/R balance.
We do not know what and how much SCRC has drawn down on this LOC, but we do know that for sure they drew down on it to paydown some higher interest debt.
Bottom line is that if SCRC had drawn down an amount that -- although within the 85% of A/R theshhold at the time -- now falls OUTSIDE (i.e. in excess of) the new threshhold (because A/R has fallen so much), SCRC will need to pay the excess back immediately in order to fall under this max threshhold.
So this then begs the question: If SCRC lost money during Q4'14 and we know that revenues nosedived during Q1'15, where is this cash going to come from to pay back the LOC in order to remain in compliance with the terms and covenants of the LOC?
Hence, my comments above re: paying attention to the cash flow disclosures in the 10K to see the extent of cash vs non-cash expenses and whether A/P is growing or not, as these will give an indication as to whether SCRC may have been able to hold onto some cash.
The worst case scenario is SCRC violating the terms of the LOC by being unable to pay back any excess drawdowns and then having Triumph enforce their rights a la Ironridge.
Q4 is past
however, it was said here that we lost $857k in the quarter.
All 3 men will help us.
MY UNDERSTANDING IS ADAM BROSIUS HAS DONE A VERY GOOD JOB ON THE DEVELOPMENTAL TEAM HELPING WITH PIMD.
In fact, since Adam Brosius joined the team, sales/revenues have increased from 45% to 65%.
To suggest that Mr Brosius was the reason for the commissions to increase to 50% is patently unfair. I WOULD LIKE TO SEE THE LINKS TO SHOW THE PROOF.