ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

Triumph remains convinced, a bank that put up $4M dollars recently I would say is a great endorsement.

The LOC is certainly a GOOD thing as the revolving nature of it ensures that SCRC will have a perpetual avenue of traditional financing w/o the need to issue toxic discounted stock either thru PIPEs or convert notes.

BUT... ...as explained previously, the LOC extended by Triumph only permits SCRC to draw down the full $4M if Main Ave effectively doubles its current revenues. Based on current run rates, the amount that SCRC can tap into is far less than $4M.

Also as explained previously, Triumph extending the LOC has NOTHING to do with its belief in SCRC and is by no means an endorsement of SCRC – it is strictly an endorsement of its faith in the insurance companies that is paying for the Rx’s.

The terms of the LOC are such that Triumph makes its money and is fully-protected even if SCRC defaults. It was a no-brainer for Triumph to make this type of investment in a LOC extension to SCRC…