ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

looks like each board member gets 100,000 restricted shares for each year as a director payable after Jan 1, of each completed year of service plus 4,000 per Board meeting.

That’s a relief. 4k free shares plus 10k market-priced options per quarter is actually not a whole lot, so if they get an annual “bonus” of 100k more free shares, then that is equivalent to them simply getting 29k free shares each quarter, which (considering the current sp of .19x) is still modest compensation for attending quarterly board meetings. I’m just glad that this won’t be 100k free shares per Director on a MONTHLY basis!

Where did you pick up that this was an annual payment for completion of the most-recently-completed full year of service? I did not see any disclosures of this nature on the Form 4’s and I do not recall seeing these issued last JAN-2014? If from another filing, just let me know which one and I can dig thru it and find it on my own if you don’t have the time to dig for it again.

TIA…