ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

Pipe, do you have a clear definition as to what "final phase" means? Does it mean they are doing their final checks before releasing the K? Any clarity would be appreciated.

(1)
For real? Is there any expectation at all for a self-disclosed member of the criminal-magnet CORE group to provide an honest answer to a question about SCRC??? Especially when even in the rare circumstance where they may not be trying to intentionally tell a lie but their own track record shows that they are absolutely clueless about almost everything?

(2)
You asked this exact same question a week ago and were provided with the answer. Here it is again:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=114531529

"There is no such thing called a "final phase" of an audit.

This is simply SCRC's layman-talk for what they believe is the last piece of the puzzle.

But it is important to remember that when it comes to audits, there is no such thing as a slam dunk that can be predicted. Anything can happen.

So if the auditors are able to obtain both sufficient and satisfactory corroborative evidence, then this should be the last piece of the puzzle. HOWEVER, if something bad turns up or the auditors are unable to obtain the necessary corroborative evidence that they feel they need to sign off on a number, line item, account balance, financial statement, MD&A comment, or any other disclosure that may be the subject of this "final phase", then this will NOT be the "final phase" and additional procedures will again need to be performed -- either that or the auditors may simply conclude that SCRC's financial statements do not pass the audit and end up giving SCRC an "unclean" audit opinion/report to include in the 10K."

You are free to go confirm what I have stated with any CFO or Controller of any public company or with anyone you know who works in the audit capacity of any public accounting firm.

I have been on both sides of an audit, both as an auditor of publicly traded companies with a Big 4 firm as well as in the role of a Controller and CFO when I transitioned over to the private sector. In addition, as I have disclosed previously, I have also built up my own companies from scratch and sold them off once I proved the business model and demonstrated sustainable profitability. So yeah, I believe I have unique insight into evaluating BS Schneiderman as well as reading between the lines of company PR's, SEC filings/disclosures, and what transpires over the course of an audit.

As someone who is much smarter than me in another sector likes to say: You are getting for free counsel and analysis from someone who has lived and breathed the subject matter being discussed that would otherwise cost a hefty fee. But you are still free to choose to not believe me and believe the CORE instead at your own peril.

GLTU...