ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

The more I think about it, the more I am inclined to believe BS Schneiderman vacating his position was very much involuntary.

There was a poster on another SCRC board elsewhere who observed that the absence of any quote from BS Schneiderman in the PR was odd, considering that virtually all amicable parting of ways include quotes of praise for the company by the outgoing exec thanking everyone and allowing the outgoing exec to explain why he is leaving -- in essence, an opportunity to calm the market. BUT, there was no such quote from BS Schneiderman.

But that is not what convinces me that BS Schneiderman was given the boot. It was the fact that there existed any restrictions at all on BS Schneiderman's ability to sell shares. BS' Schneiderman's 19M+ shareas belong to him to do with as he pleases. SCRC has no right to control when he can buy/sell -- no more than SCRC can dictate to you or me when we can buy/sell.

The ONLY reason the BOD could have inserted such a restriction is if an agreement was made between the BOD and BS Schneiderman. And the most common reason that outgoing execs agree to clearly unfavorable restrictions such as this is if they have no choice. Specifically, it is likely that BS Schneiderman was going to be terminated for cause and the BOD was able to extract this dumping restriction agreement out of him in exchange for permitting BS Schneiderman's departure to be effectuated as a "resignation" and NOT as a "termination/removal". This happens quite frequently with companies.