ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

OTC site says 8,000,000 a/o Dec 29, 2014. You said "8m 2 years ago and is currently 75m". Confused! Is somebody lying on the OTC site?
Share Structure
Market Value1 $27,314,629 a/o Jan 09, 2015
Shares Outstanding 137,328,451 a/o Dec 29, 2014
Float 8,000,000 a/o Dec 29, 2014
Authorized Shares 250,000,000 a/o Dec 29, 2014

The otcmarkets.com site is often misunderstood. Certainly, the sections re: short sales, news, and filings are all obtained from external sources via an automatic feed, so the data found there is sound and reliable.

HOWEVER, from what I have come to understand over the years, the section re: “Company Info” is up to the company (or other authorized individual/entity on behalf of the company) to manually go into the site for his/her ticker and update. I have found that for many penny stock companies, the info on the otcmarkets site is often stale and incorrect.

What is interesting is that someone went in and changed all the other metrics but intentionally left the outdated float number at 8M. The “a/o Dec 29, 2014” is a tell that this person went into this “Float” field on 12/29/14 and either decided to leave the stale 8M number there or changed it to something but changed it back to 8M. If this person never even entered this “Float” field, the “a/o” date would NOT have updated to reflect “Dec 29, 2014”.

Rocky is materially correct though in his estimation of the float that he had provided to you. As you know, float is a nebulous sticky metric which can potentially change on a daily basis, especially with a stock like SCRC which for a while had new tranches of restricted stock coming off restriction on what seemed like a weekly basis!

Here is something recent from NOV’14 from SCRC itself that may be helpful to you:

http://scripsamerica.com/wp-content/uploads/2014/11/Presentation-November-2014-v2.pdf

This is the investor presentation deck that was used at the SeeThruEquity investor conference that SCRC presented at in early-NOV’14. On page 6, you will see that SCRC discloses that its current O/S count is approx 137M (materially in-sync w/otcmarkets.com), its current A/S is 250M (again in-sync w/octmarkets.com), BUT it states that 10 shareholders hold 70M+ shares. Although this deck does not explicitly state this, I believe it would be materially reasonable to presume that these 10 shareholders are insiders whose shares would be excluded from the float. As such, the difference between this 70M and the 137M O/S count as well as the approx 1M shares left that is still on restriction is approx 66M, which would be a reasonable surrogate for the current float as of last NOV’14. And I do not believe the float has changed materially since then.