ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

Again with the criminal stuff? I must have missed the specific evidence proving these people are criminals?

@PIPEdream1,

And for the 51st time, the links are SCRC’s own Q2’13-10Q, Q3’13-10Q, and 2013-10K… …the evidence cannot be posted here due to the personal nature of it as it would violate the TOS (but again, fear not, concerned citizen, as the SEC has no such TOS restrictions and has happily accepted any and all evidence)… …and as for the names, here they are once more:

On May 1, 2013, the Company issued 270,000 restricted shares of its stock to Joseph Zampetti (gasp! No way! Not JOEY Z!!! LOL…) for services to be rendered under a consulting agreement. These services were valued at $54,000.

On May 14, 2013, the Company issued 500,000 restricted shares of its common stock to Black Cat Consulting Inc. for investor relations consulting services. These services were valued at $110,000. (NOTE: Black Cat Consulting = Adam Brosius. Sound familiar? LOL…)

On June 6, 2013, the Company issued 490,000 restricted shares of its common stock to Joseph Zampetti and an aggregate of 260,000 restricted shares of its common stock to seven designees Mr. Zampetti, all of which were issued for services rendered by Mr. Zampetti under a consulting agreement. These services were valued at $165,000.

On June 20, 2013, the Company issued 200,000 restricted shares of its common stock to Joseph Zampetti and 25,000 restricted shares of its common stock to a designee Mr. Zampetti, all of which were issued for services rendered by Mr. Zampetti under a consulting agreement. These services were valued at $155,000.

On June 24, 2013, the Company issued 100,000 restricted shares of its common stock to Robert W. Tippin for services rendered under a consulting agreement with regard to investor relations services. These services were valued at $41,000.

On June 25, 2013, the Company issued 100,000 restricted shares of its common stock to Bruce Berenberg for services rendered under a consulting agreement with regard to investor relations services. These services were valued at $41,000.

On July 11, 2013, the Company issued 250,000 restricted shares of its common stock to Joseph Zampetti and 525,000 restricted shares of its common stock to a designee Mr. Zampetti, all of which were issued for services rendered by Mr. Zampetti under a consulting agreement. These services were valued at $751,750.

On July 11, 2013, the Company issued 150,000 restricted shares of its common stock to Bruce Berenberg for services rendered under a consulting agreement. These services were valued at $145,000.

On July 11, 2013, the Company issued 50,000 restricted shares of its common stock to Jon Van Wart for services rendered under a consulting agreement. These services were valued at $48,5000.

On July 11, 2013, the Company issued 25,000 restricted shares of its common stock to Michael Hon for services rendered under a consulting agreement. These services were valued at $24,250.

On July 15, 2013, the Company issued 10,000 restricted shares of its common stock to Jeffrey Supinsky for services rendered under a consulting agreement. These services were valued at $5,200.

On July 15, 2013, the Company issued 200,000 restricted shares of its common stock to LJMC Consulting LLC for services rendered under a consulting agreement. These services were valued at $104,000.

On July 15, 2013, the Company issued 150,000 restricted shares of its common stock to Jack Battagilia for services rendered under a consulting agreement. These services were valued at $78,000.

On July 15, 2013, the Company issued 75,000 restricted shares of its common stock to Randy Kopf for services rendered under a consulting agreement. These services were valued at $39,000.

On July 15, 2013, the Company issued 150,000 restricted shares of its common stock to Michael Hon for services rendered under a consulting agreement. These services were valued at $78,000.

On July 15, 2013, the Company issued 150,000 restricted shares of its common stock to Chase Fritz for services rendered under a consulting agreement. These services were valued at $78,000.

On July 15, 2013, the Company issued 400,000 restricted shares of its common stock to Bruce Berenberg for services rendered under a consulting agreement. These services were valued at $208,000.

On July 15, 2013, the Company issued 75,000 restricted shares of its common stock to Andrew Berenberg for services rendered under a consulting agreement. These services were valued at $39,000.

On August 13, 2013, the Company issued 26,373 restricted shares of its common stock to Hal Hall for services rendered under a consulting agreement. These services were valued at $9,750.

On August 16, 2013, the Company issued 1,153,000 restricted shares of its common stock to various consultants for investor relations and/or public relations services under consulting agreements, which services were valued at $355,530 (in the aggregate).

On October 7, 2013 and November 21, 2013, we issued an aggregate of 24,444 restricted shares of common stock to Nick Torrens under a consulting agreement with regard to public relations services. The shares were valued at $3,289.

On October 15, 2013, we issued an aggregate of 1,000,000 restricted shares of common stock to Black Cat Consulting, Inc. under a consulting agreement with regard to investor relations services. The shares were valued at $140,000.

On December 16, 2013, we issued 250,000 restricted shares of common stock to Sean Fitzgibbons under a consulting agreement with regard to investor relations services. These shares were valued at $32,500.


Are you having difficulty contacting JOSEPH ZAMPETTI or is he refusing to discuss the matter with you and answer your questions? Here is his email address again in case you need to write it down:

[e-mail]

If you’d like, I will be more than happy to provide you with the contact info for some of the other publicly-disclosed “investor relations consultants” that provided promotional services to SCRC…


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@kenbe,

I see you call Mr Zampetti a racist homophobic. What does that have to do with the merits of SCRC?

No, I called JOSEPH ZAMPETTI a criminal racist homophobe. "Homophobic" is an adjective. "Homophobe" is a noun, and is what JOEY Z is.

Someone who repeatedly hurls homophobic slurs = homophobe. Pretty black & white; not a lot of gray area here -- after all, a spade is a spade is a spade, n'est pas?

As an investor-relations consultant that SCRC paid to represent the company, it is very much relevant how JOSEPH ZAMPETTI conducts himself in the public space, as his behavior reflects on SCRC -- especially if his uncontrollable urge to continuously hurl homophobic slurs is used within the context of promoting SCRC, which they have been.

Every reputable company recognizes that they need to be aware of who they conduct business with. This is why companies regularly terminate endorsement deals with celebrities/athletes who beat their wives/kids or make socially unacceptable statements or commit crimes such as murder, rape, molestation, you name it. Reputable companies will avoid the unnecessary stigma that always accompanies controversy as their priority is to preserve shareholder value – of which company reputation and marketshare (both consumer marketshare as well as investor marketshare) are of paramount importance.

After all, there is a reason why no reputable company will sponsor its local KKK chapter or an annual neo-Nazi rally, right? And no reputable company will continue to employ anyone who has gone on record as spewing hate towards any ethnicity, gender, age group, those with disabilities (both mental and physical), sexual orientation, etc.

BS Schneiderman’s continued insistence on staying in bed with JOSEPH ZAMPETTI instead of formally distancing SCRC from not only a known securities law violator but also a homophobe has and continues to harm LEGITIMATE shareholders by virtue of causing some segments of the investing marketplace to now have pause when considering SCRC.

Decisions not only to engage JOSEPH ZAMPETTI… …but to then also solicit his participation in a toxic .05 PIPE-financing transaction… …and then to fail to protect shareholders by refusing to publicly condemn JOEY Z’s repeated use of homophobic slurs (not that it should take MULTIPLE slurs before BS Schneiderman takes action) and distance SCRC from JOEY Z… …well, it is decisions such as these that give potential investors (both retail and TUTs) reason to question Mgmt’s judgment and ability to make proper decisions. And shareholders ALWAYS suffer in these situations.

and please provide a court or criminal record that support your statements.

(1)
One needs to understand that just because someone who commits a crime may not have been arrested and convicted yet for his actions does not mean that the criminal act did not occur. It simply means that they have not been caught and held accountable for their actions yet. Until then, there is obviously no “legal or court records”…

(2)
And, just as I have stated to PIPEdream1 at least 51 times already, the concrete evidence simply is not permitted by the TOS to be posted here. But if you really want to see it, then ask your self-admitted associate JOSEPH ZAMPETTI to let you know when the SEC gets around to knocking on his door, as then – depending upon how exactly they wish to pursue the matter -- you may have the opportunity to go sit in on his public hearing and be able to observe all the evidence in all its seedy glory as it is proffered up and presented…



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the number of pipe shares purchased was 22 million not 28 million as posted.

@PIPEdream1,

As stated countless times, if you were to read the statements accurately, when the uber-toxic .05 PIPE stock is being discussed, the quantity has ALWAYS been stated to be 22M. When the equally-toxic 0.00 stock that was doled out by BS Schneiderman to JOSEPH ZAMPETTI and his small army of criminal Section 17(b)-violating promoters is being discussed, the quantity has ALWAYS been stated to be 6M. And when the 28M number is used, it is ALWAYS in the context that is clearly described as “the 0.00 stock and the 0.05 PIPE stock” TOGETHER.


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Here is a follow-up thought to the DILUTION UPDATE I had provided:

As much as it blows that the sp is retracing again, albeit not unexpectedly for those who have been paying attention to the dilution schedule, there are two silver linings, IMO:

(1)
In addition to having built a base of over 10M shares in the .19x-.20x levels, we also now have a base of approx 4M shares that have accumulated in the .17x-.18x levels. Collectively, this is over 14M shares priced at .17 and above, which is very good, IMO.

(2)
Now that all the discounted financier shares in the overhang that were priced up to the .13x levels have effectively flushed thru (w/the exception of the .05 PIPE stock, for which there are still millions lurking in the float), it is my opinion that .14 is now the new .08 -- meaning that in the absence of a total collapse of the company or a sudden mass dash for the exits of the remaining .05 PIPE shares, I do not foresee anything that would bring the sp down below .14, as this is also the lowest sp level of the remaining discounted financier shares that remain in the overhang. NOTE that I am not saying that the sp should even go down to .14, but simply saying that this is the bottom that I expect to not be breached. Where we are now in the .17-.18 range relative to this .14 floor is analogous to how we hovered in the .10-.12 range while .08x served as our floor. I may be wrong, but that is my belief at this time.

So what does this mean? Well, for me personally, this means that the risk-reward can finally be re-calibrated. Back in Q4'13, as the sp was falling from the .40x levels and breached thru .20, I had posted that folks should wait until the sp hit .12 prior to buying because .12 represented an acceptable risk-reward level based on what I had explained as being a 33% theoretical max loss as I had opined that .08 would be the floor that would not be breached -- and this ended up being dead-on as .08x got hit on numerous occasions but never fell below .08.

Similarly, using .14 as the new floor now that we know that all the sub-.14 shares in the overhang are now all gone (again, OTHER THAN the .05 PIPE stock, so these still present a wild-card that is unpredictable), the new price point at which I would consider SCRC to represent an acceptable risk reward is .20, as this price point represents a theoretical max loss of 30% should the sp actually fall back to the .14 level, which will hopefully be the floor that I believe it to be.

IMO, for a speculative penny stock like SCRC, the upside potential becomes worthwhile to pursue if the odds now indicate that the cost is potentially only 30% to the downside.

Hope this helps those who have inquired about this...