ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

interesting to find out who and what Seal Point Consulting is?

Seal Point Consulting = Nick Torrens. He is disclosed in many of SCRC’s SEC filings as being a frequent recipient of stock as payment for “investor relations consulting” services as far back as 2013.

It is apparent that he basically disseminates (not sure if he writes them, but could be) PR’s to the major news sites, and that he doesn’t do much else. But he doesn’t get paid all that much either, thank goodness (at least based upon the value of the shares at the time they were awarded), so we pretty much get what we pay for w/him.

I have no issue w/SCRC’s use of Nick/Seal Point, but it is clear that he is an amateurish knucklehead as any legit IR firm understands Section 17(b) of the Securities Act of 1933 and earlier this year he began posting on a popular investor MB w/o proper disclosure of having been compensated and got himself banned, LOL...

SCRC should look into other legitimate uses of IR services, as newtoscrc has alluded to on several occasions previously. Remember, IR services isn’t simply paid pumping. Legitimate IR services are also:

• Development and maintenance of company website (in particular the IR sections!)
• Preparation of investor presentation decks
• Identification and recommendation of investor conferences to attend
• Branding ideas
• Strategizing and exploring M&A opportunities (whether merger, acquisition, or being acquired itself – all options to unlock shareholder value and position SCRC for greatest chances of long-term success should be explored)
• Etc, etc, etc…