ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

We get some momentum going and in one trade we go from .1749 to .1675. I'm sorry that is silly. the board is set up and you give back 4 or 5%. Take advantage of this, people. If you are selling, make them pay your price. It's ok to increase your ask price as well.

This is not news, unfortunately. We have been witnessing this behavior repeat itself on an almost daily basis for the better part of 6 months now, ever since the first tranches of the 28M shares of .05 PIPE stock unlocked and diluted into the float in mid-JUL’14. Not a coincidence.

As I cautioned to the board over a year ago during Q4’13 when it became known that SCRC re-engaged JOSEPH ZAMPETTI and his gang of fellow securities fraud-engaging CORE criminals in a massively dilutive .05 PIPE transaction, it will take tangible legitimate positive news to generate the buying interest necessary to withstand the headwinds that periodic liquidation will blow into the sails of any attempted runup by the sp – not too difficult a call to make given the massive number of PIPE shares vis-à-vis the low liquidity.

Thank goodness that becoming profitable and getting the word out to TUTs via the SeeThruEquity investor conference followed now by Zacks (not to mention being touted in a penny stock newsletter today) has brought in buyers to help absorb some of the dilution. But nonetheless, as you noted, even though the sp recovered, each step backwards represents 2 steps forward that are now lost, and THAT is the unfortunate by-product of what happens when dilution blows headwinds into a runup.

For example, if the most recent print was for .18, then the next block for a buyer should be at least .18 if not higher. But if a motivated seller drops the ask to .17 for no reason, then we lost the .18+ print and replaced it with a .17 print. And now, the next ask is only .175, which gets hit instead of .185 getting hit. Etc, etc, etc… …essentially, every significant drop in the ask is akin to having to re-invent the wheel all over again and re-building the section of bricks in the foundation that got knocked down with the ill-advised lowering of the ask.

With the buying interest we have been seeing for 3 weeks now, there is no reason we should not only be deep into the .20’s and possibly .30’s by now, but there should have been NO reason that we ever saw ANY recent high volume days end flat or in the red the way we did.