ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

Going to be a great entry at 4 cents.

.04 would be an amazing price if it gets that low (and if it does, if there is actually sufficient liquidity at that level to enable folks to load up in meaningful quantities)... ...the lowest priced stock out there (and it is the lowest BY FAR) are the toxic .05 PIPE shares, so for any retail investor to be able to get a hold of shares priced LOWER than any of the cheapest financier shares, then that would be a very good place to be, akin to Walt Disney emerging from his grave to personally hand you a diamond-encrusted 24K gold Lifetime Fast Pass to ensure that you are always at the front of the line...

...and re: the toxic .05 PIPE stock, I personally think that there are only a few million shares left, but as I have stated several times here on this board, the 22M shares of the actual PIPE stock is NOT the only problem. These are simply the tip of the iceberg.

Remember, we have approx 30-ish individuals who participated in this PIPE deal. And many of them also participated in the P&D campaign and received compensation from SCRC of 6M more FREE shares... ...and on top of that, I would surmise that all of them had also personally front-loaded and have been actively trading the rips and dips over the past couple of years as well... ...so what does this all mean? It means that these amateur PIPE financiers/promoters actually have much much more than simply 22M shares of .05 PIPE stock that they are dumping.

With 30-ish individuals involved, I would not be surprised one bit if in total, the aggregate number of shares that all became priced to sell due to the averaging-in of the 28M shares of 0.00 and 0.05 PIPE stock (not to mention the active trading) is between 40-50M shares.


Especially for a crazy day like today, it is impossible to say how much of the 8.87M volume was attributable to the dumping of .05 PIPE stock (and in this context, I am talking about not just the 22M shares of actual .05 stock but ALL the shares owned by these amateur financiers that are now priced to sell, as discussed above). For sure, it was plain as day that there was quite a bit of "highly motivated" selling, but certainly what caused the avalanche today was when the sp began falling by over 20% and panic set in (understandably so), stops were triggered, and also the ever-present daytraders and other flippers who tried to time the bottom but then quickly sold back out after it became clear to them that they caught a falling guillotine -- but only to try timing another bottom and having this cycle repeat itself throughout the day. IMO, although the majority the volume represented unique shares. I would not be surprised if 2-3M shares were simply the same shares churning over multiple times.

What will be interesting to keep an eye out for the next couple of days is the filing of any Form 4's disclosing disposals. If so, then that would tell us that insiders contributed to today's slaughter. And if so, then on top of what happened today, we may see more turbulence once the Form 4's come out and the public reacts to the combination of "declining fundamentals" plus "insider selling". I think we all know that this screams out to the public: "Mgmt lacks confidence in itself"... ...BUT, if no Form 4's get filed, then this means that insiders played no role in today's debacle...


Of course, the one thing that retail shareholders hope is NOT the case is that BS Schneiderman tipped off his prodigal homophobe JOSEPH ZAMPETTI about some negative disclosures that will be included in the upcoming 10K and so JOEY Z and his coven of paid whores all hit the eject button in advance of the filing being released to the public.

TO BE CLEAR, I am NOT saying that this is the case since in the absence of a signed confession from BS Schneiderman no one could ever know for sure, but it is interesting that out of the blue, on a day with no news -- but with the 10K filing being imminent any day now -- the single largest volume day in SCRC history sends the sp cratering to all-time lows...