ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

Those were shares granted for attendance at board meetings:

Did anyone else notice that SCRC has changed the method, magnitude, and frequency of compensation for Board members?

Previously, BOD meetings were held quarterly (like 99% of all companies), and Board members were typically awarded 4k shares of common stock plus 10k stock options at varying strike prices that were usually reflective of open market prices the day the options were issued. With 7 BOD members on average attending each meeting, this came out to approx 28k shares of common stock plus an additional 70k options. Multiply by 4 meetings per year, and SCRC was paying a reasonable 112k shares plus 280k options per annum (a total of only 400k shares of common stock and common stock equivalents, the majority of which were priced at market prices).

Now, for the first time, we see that SCRC held a JAN meeting in early 2015 even though they just had one in DEC-2014. In addition, based on the first 4-5 Form 4’s that have been filed thus far today, it looks like each Board member is now receiving 104k shares of common stock (with Brian Ettinger being the one person receiving 139k shares for some reason) for attending one meeting.

That’s quite the hefty raise to go from 4k FREE shares plus 10k options priced at market rates (so ZERO gains yet, and thus ZERO threat of dilutive dumping until the sp rises much higher) to 104k FREE shares.

That’s 750k shares of dilutive 0.00 cost stock being doled out for one meeting. And if this monthly trend becomes the new schedule, then this means we will be seeing 9M shares of 0.00 stock hanging as a dark cloud in the overhang each and every year related solely to compensation to insiders for attending BOD meetings that suddenly went from quarterly to monthly.

There is ZERO need for the BOD to meet monthly. And the raise is bit extreme IMO. Going from 400k shares of predominantly market-priced shares per year to 9M shares of 0.00 cost shares per year? Really??? That's a 2,150% raise in the number of shares, folks (and a much higher raise % based on $-value due to the switch from market-priced options to completely FREE 0.00 cost shares)... ...it reeks of insiders gorging themselves at the trough again, making sure they are able to cut in front of the line before shareholders again…

…these are simply my off-the-cuff reactions based on a very brief high-level overview of the Form 4’s filed today. I hope someone can tell me that I missed an important detail somewhere that makes my interpretation off-base…