ScripsAmerica Inc. (SCRCQ)

[RockyW]

I agree with Garci as well with what his thoughts on .05 cent stock vs Ironridge. I absolutely concur as Ironridge was issue 9m or 10m of free trading restricted stock on nov 20th. The free trading that was issued started right away vs 144 stock which is a 6 month hold. Would you rather have a 6 month hold traditional restricted paper or 10m free trading paper right away????? I believe everyone would much rather have 144 stock which is a 6 month term vs Free trading that Ironridge had.



I would point out as well the toxic notes are not at a 30% to 40% discount that we have dealt with its more like 50% to 60% along with all the derivatives. There have been statements on this board that .05 stock was issued and if true I would be happy to see conventional funding ( 144 6 month paper with no derivatives) vs The toxic notes with derivatives and Ironridge who had a cost basis of .076 cents. It seems to me I would much rather opt for people that own stock to have 144 restricted paper as they are indeed in "friendly" hands and want a higher stock price. Its not so uncommon to see private placements in the small cap world I have been in several deals and they worked out very well with 144 paper as most people will probably stay with their investment vs selling after the 6 month term. Do you have a better chance of 144 paper staying vs free trading shares like Ironridge. Well the answer is obvious Ironridge was a complete nightmare to contend with as they have been selling hard for 3 to 4 months day in day out. I will take my chances with the "loyal" shareholder base here any day as these people are salt of the earth.


Again, I am making mention of the .05 cents because it has been circulating here for the last week. I hope they put some 144 funding in place so they can take care of the projects they are working on. It appears to me that the compounding scenario is on fire as they started 50 days ago from scratch and are doing 500K per month! That's pretty damn amazing. So if they make 20% on that ( Simply a guess) I say get some more necessary funding and grow the business. To me there are 150m A/s and if the O/s is 125m to 135m its very accommodative for a growing company like SCRC. I applaud funding as it secures are future. I would much rather 144 dilution any day of the week vs toxic notes or Ironridge. I hope the author who stated .05 cents is right and the company decided to go that route as I for one will applaud that move.