ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

Form 4 sell from yesterday. 50,000 at $.10.

Yeah, I saw that as well. This one was from Urbanski.

The guy holds something like 18-19M shares, so nothing significant. HOWEVER, the important thing for retail market participants to recognize is that Urbanski has demonstrated a pattern of fairly active swing trading with blocks of his shares.

The reason this is important is that it impacts how folks may want to view the size of the float pool that you are wading into. Typically, the shares that are held by company insiders as well as shares on restriction are excluded from the O/S count in arriving at the float number. However, when you have company insiders actively trading, then it is no longer safe to conclude that their shares are in reality NOT part of the float (which is supposed to represent those shares that are readily available for sale).

Based on Urbanski's Form 4 history, I would say that a safe ballpark estimate is to take 1% of his holdings and add that to any float number that you may already be using.

Similarly, although it should go w/o saying, for those who may be tempted to believe the numbers presented by SCRC in its latest investor presentation, you should be sure to NOT adjust the float for the shares that BS Schneiderman attributed to the CORE group (remember that slide where BS Schneiderman tried to make it look like SCRC's float was small by listing the CORE's holding alongside insider holdings and restricted shares?). As we should all know by now, the CORE is comprised of the homophobic criminal JOSEPH ZAMPETTI along with 30 other other retail penny flippers who have been trying to make folks believe that they are long-term holders who haven't sold a single share for years...