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Re: gloom8doom post# 68343

Wednesday, 05/28/2014 12:22:00 PM

Wednesday, May 28, 2014 12:22:00 PM

Post# of 163725
I don't know exactly the meat of the suit, but I bet IR got a bunch shares in exchange for a loan. IR dumped the shares recklessly, hammering the PPS. As a result, they need new shares to recover remainder of loan.
I bet ScriptsAmerica knew that IR's "dumping" hurt the PPS and drove price down to where it hurt IR in getting money back, so now IR wants more shares, per their agreement to get loan paid back.
Seeing that it was IR itself's "selling pressure" that hurt PPS and ability for IR to get paid back:

ScripsAmerica is seeking (a) a declaratory judgment from the court that would excuse ScripsAmerica from issuing any more shares under the Stipulation, (b) compensatory damages (to the extent ScripsAmerica can prove such damages), (c) attorneys' fees and court costs for this action and (d) punitive damages.



IMO