ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

So the prevailing thought a few weeks back as that .17 was the new bottom and here we are, at this moment, at .135. Any thoughts on how much more we slide here?

@Newtoscrc,

I think it is important to remember that the only voices (although there were many) that were touting that the floor was .17 and that the waters were safe and that there was now no more risk, were JOSEPH ZAMPETTI and his "inner circle" (LOL!) of fellow Section 17(b)-violating criminals. The fact that they also were the recipients of the 22M shares of radio-active .05 PIPE stock spells out quite clearly their financial conflict of interest and why they are hell-bent on spinning every single piece of news and every PR as if it is the best thing that ever happened to SCRC and why SCRC's sp is on the verge of rocketing up.

Towards the end of FEB, I had actually posted here that I believed the floor was .14. See excerpt copied here:

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

I certainly did not expect it to come down to .14 so quickly, but based on the explanation I had provided in that post, I believed that if it did come down to that level, that .14 would provide support.

Certainly the news re: CVS/Caremark had not come out yet and was obviously NOT something that I factored in when I came up with the floor support of .14, but that was apparently a market-disrupting piece of news and so here we are.

So far, we only had one sub-.14 print yesterday, after which the sp immediately bounced back over .14. And today we have only had 5 prints that were truly sub-.14 (three @ .135, one @ .1351, and one @ .1389). Aside from that, there were two prints @ .1399, which is substantively the same as .14. In total, just like yesterday, the sp spent less than half-an-hour sub-.14 before it bounced back over .14 again. And, most encouraging, even with the small number of sub-.14 prints, the VWAP for today was approx .141, and VWAP is a much more accurate indicator of support/resistance than simply looking at solitary prints.

As I also stated in a prior post, we will need to see how the rest of the week plays out. Hopefully, .14 will indeed provide support; otherwise, it may be that this unexpected bad news re: CVS/Caremark will require that the risk/reward calculus be re-calibrated...

GLTA...


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Its opinions like that is why this company will do better out of penny land.

@kenbe,

Nope. It is the presence of parasitic vermin like JOSEPH ZAMPETTI and his criminal crew of non-disclosing promoters and holders of the toxic .05 PIPE stock that is why SCRC will do better out of pennyland.