ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

Is it reasonable to think that if they began the "final phase" of the audit on June 22, that it would take this long? Or, in your opinion, is the fact that we still haven't heard anything concerning the K another major red flag?

Although I understand the basis for your skepticism -- and heaven knows that BS Schneiderman has certainly done more than enough to deserve it -- IMO, the fact that it hasn't even been two weeks yet since the auditors began what SCRC described as the "final phase" of the audit is in and of itself not alarming by any means.

We have zero clue what exactly it was about SCRC's financial statements, schedules, Notes, or disclosures are the subject of these "final procedures", and so the nature, scope, and timing of the procedures that would typically be associated with performing an audit of these items can vary widely depending upon what the subject of the audit is.

For example, if it is the Cash balance or the Debt balance on the balance sheet or the Shareholder Equity portion of the balance sheet or even the Revenue or Expense section of the income statement, it is not uncommon for a portion of the audit to involve the use of what is known as "Confirmations". Confirmations involve sending out letters to financial institutions, debt holders, customers, vendors, shareholders, etc asking them to complete and sign a simple form verifying information that SCRC has asserted.

So if this was part of the "final phase", then this could take a while because after the auditors make their selections of who to send confirmations to, they now need to wait for responses to come back. So all this takes time as respondents oftentimes take a while to get around to responding. And most of the time some respondents don't even bother to respond, so this makes the auditor have to make additional selections if they do not receive a sufficient number of replies after say 2 weeks. So now we start the waiting game all over again. And this cycle continues until enough confirmations come back to satisfy the auditors.

This is just one of many examples of audit procedures that could take a while to perform. But there are also many procedures that can be performed in less than a day. It all depends on what the subject matter is that is the focus of this "final phase". And, as I stated at the top of this post, we simply do not know that. Well, at least LEGITIMATE retail shareholders don't know, LOL...

...and it appears that SCRC's officially sanctioned homophobe and criminal JOSEPH ZAMPETTI isn't sharing this inside info with all of his fellow CORE con artists either, as on the platform on which he pretty much pumps to himself, he now regularly censors and deletes comments even from other CORE members who post comments expressing displeasure, frustration, nervousness, or uncertainty about the company... ...LOL, who needs daytime soaps when we have this type of internal fracture to amuse us? As the saying goes: "There is no honor among thieves"...