ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

However, wall street read right into it.

It was a non event.

The sp has fallen 12% off its high on volume of almost 600k shares in the 3 days immediately following the announcement, so it has hardly been a non-event. The fact that it has been 3 days is not relevant, as it would be no different than if we saw these 600k shares all on the first day – the point being that after 600k shares (a decent-sized block) traded, the sp is down 12%. The good news is that on a VWAP-to-VWAP basis, the VWAP on the day prior to the announcement was .21, and the VWAP today was approx .1925, so on a VWAP-basis, the drop has only been 8.3%, albeit with the trendline showing the VWAP falling each day from .21 to .20 to .195 to .1925.

As I stated previously, considering that it is woefully obvious by now that the overwhelming majority of buyers over the past couple of months have been TRADERS, and not investors, who jumped on board the SCRC bandwagon when the TA indicators and charts began screaming “BUY NOW!!!”, it is important to recognize that most technical traders don’t have any clue whatsoever about the company or its fundamentals or any news – they only care about the charts and the TA indicators.

In that respect, they are like predictable lemmings, who will not move en masse until/unless they see volume moving the sp in either direction. At that time, we can expect to see major volume in that direction as the “lemming effect” will take over.

To stem this tide, shareholders need real news from SCRC quickly. With BS Schneiderman already publicly stating that he expects FEB approved orders to be on par w/JAN, and the 10K still months away, there is no other known catalyst that can be expected to excite the market for a while – EXCEPT FOR UNEXPECTED MATERIALLY FAVORABLE NEWS. Without this, I anticipate many traders to get fatigued as there is always a percentage of them who despise sitting on what they perceive to be dead money for lengthy periods of time – in essence, the textbook slow bleed that is common during extended periods of a news void. They will decide to go play in another sandbox for a while and then come back when a known catalyst draws closer (or when the TA indicators and charts once again tell them to come back).

There is a lot that SCRC could have PR’d by now, so I hope BS Schneiderman does something to fill the news void over the next few months. For example:

• Results of PIMD
• Results of UA/JJ partnership
• Results of diabetic equip/supply segment
• Obtaining licenses in new states (for ANYTHING, preferably for Main Ave, but even if it is for WRx, PIMD, whatever)
• Announcing attendance at another investor conference (it is time to do another one if he is serious about taking SCRC to the next level – otherwise, the one-time STE conference will be known as simply another P&D pump effort)
• Announcing a proxy vote to authorize a R/S for purposes of uplisting
• PR (along w/8-K to show that it is material) that a competitively priced PIPE deal reflecting only a nominal discount has been entered into by one or more TUTs (which would demonstrate a long-term commitment to and belief in SCRC)
• Dare I say it? Launch of RapiMed…
• And to a minimal extent, an UPDATE TO THE DAMN WEBSITE!!! This is such a simple thing, and the website is the first thing that any new prospective TUT will look at (aside from the SEC filings) in their DD of SCRC… …refusing to update it even though it says nothing about compounding (SCRC’s cash cow, for crying out loud) and it continues to contain an endless string of reminders of SCRC’s past behavior of repeatedly “Over-Promising, Under-Delivering”, only serves to further the skepticism that BS Schneiderman has no true intentions of building a real company and uplisting it, but instead is simply attempting to milk out as much as he can from the smoke and mirrors that are currently being touted in the public space… …updating the website will speak volumes – and we are all ears, BS Schneiderman…

Ball’s in your court, BS Schneiderman… …it always has been…

Continued GLTA…