ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

So bottom line it is not 22m at .055 plus 17m at prices between .09 to .20 equaling 39m. To be clear, only 22m shares at .055

So you are suggesting that BS Schneiderman and Jeffrey Andrews filed fraudulent and materially mis-stated 10-Q’s and 10-K’s with the SEC when these filings very clearly disclosed that there was much much more restricted stock that had not only been doled out for various purposes but have already unlocked throughout 2014?

The O/S count has almost doubled from the 72M at the start of Q4’13, with the overwhelming majority of this increase being in the form of issuance of restricted stock. You are essentially attempting to say that – aside from the 22M shares of the .05 PIPE stock held by JOSEPH ZAMPETTI and his core group of criminal non-disclosing-paid-promoters-turned-amateur-financiers – none of these shares truly exist. Either that or you are attempting to say that every other holder of restricted stock – again, other than the 22M shares of the .05 PIPE stock – regardless of the fact that they had respective cost basis that ran up thru the .27x levels, that they happily all dumped 50M shares since the end of Q1’14 at losses?

Are you seriously trying to even suggest that the 22M shares of .05 PIPE stock were all there was and which remain in the overhang waiting to flush thru?

Wow…

…any swampland or bridges in NY to sell along with that?


Folks, this is not rocket science. For those wondering how to play SCRC at this time, the fact that apparently hardly anyone knows even the most basic facts about SCRC, including what most legitimate investors should know – upcoming dilutive events – is quite telling (either they don’t know or they know but don’t want others to know so avoid acknowledging its existence). Based on this, I think it is fair to say that the overwhelming majority of current shareholders, including (and especially) JOSEPH ZAMPETTI and his core group who hold the 22M shares of .05 PIPE stock, have ZERO intention of truly holding SCRC for the long term. This broad-based lack of basic knowledge about a company is typically an indication that most shareholders currently are retail traders who jumped on board either (1) When they saw SCRC begin to run and so they jumped on the bandwagon because they didn’t want to miss future legs of the run; (2) When they saw the TA/chart indicators all turn very bullish over the past few weeks and so the signals were telling them to jump in now; or (3) When they were alerted to SCRC via a pennystock newsletter, of which there have been several recently. IMO, they will be flipping as soon as the indicators begin consistently showing that the current run is out of steam.

My advice is that regardless of whether you are a short-term trader or long-term investor, don’t be left holding the bag. The good thing is that with so much of the cheapest overhang having already flushed thru, and the solid bases that have been formed at .14 and now again at .19, any retrace shouldn’t be catastrophic like they have been in the past – BUT could be significant enough to make it worthwhile to weigh the costs/benefits of getting out temporarily and getting back in at a lower price. It all depends on how the initial stages of the retrace plays out; it may be that the trading patterns will NOT prove to be conducive to trying to average down in this way, so if you feel better simply holding and riding out the turbulence, then that is fine as well.