ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

It's not meaningless.
Let's hope we can look forward to future stamens that are positive, responsible, and free from sensational hype.

Agreed.

But part of being responsible means to be transparent -- especially after all the multiple late filings coupled with utter silence. And in this light, the announcement re: the MAY and JUN approved orders was simply more of the same "muddying up the waters" that was BS Schneiderman's calling card.

As I have been saying for quite some time now, when it comes to company PR's, wording is very important and one must learn to read between lines by paying close attention to what exactly is being said as well as what is NOT being said.

Case in point: The combined MAY and JUNE approved orders of $2.23M. Sure, we all know that for a 2-month period, this number is very bad. But many retail investors will take this number and assume that SCRC now has a $13.38M annual run rate. Perhaps. Perhaps not. How so? Because the PR is leading you to "assume" that it earned $2.23M worth of approved orders IN EQUAL PROPORTION IN BOTH MAY AND JUN. What if MAY was $1.5M and JUN was $0.73M? That would paint a drastically different picture of SCRC's health, would it not?

Point being that this PR simply gives us nothing to hang our hats on; but what it does do is offer a tease to keep retail speculators hooked. Which is fine -- so long as folks recognize this for what it is and for what it is not.

That being said, what was positive IMO was that the comments re: the capital structure were not vague at all but clearly stated that the O/S count is currently still around the 140M range.

The last official O/S count that we had was on 11/15/14 when the Q3'14 10Q stated that the O/S count @ 9/30/14 was 136.2M and that there were subsequent issuances between 9/30/14 and the report issuance date of 11/15/14 of an additional 0.4M shares -- which gave us a total O/S count of 136.6M as of 11/15/14.

So what this PR confirms to us is that over the past 8 months, SCRC has only issued approx 5M shares, which isn't bad at all -- in fact, 5M shares over 8 months is very very good for a microcap, IMO... ...of course, the 22M shares issued right before this were the radioactive .05 PIPE shares issued to BS Schneiderman's puppetmaster and current President Adam Brosius' fellow non-disclosing paid promoter (and SCRC's favorite homophobic criminal) JOSEPH ZAMPETTI and his fellow CORE con artists, which unfortunately -- and predictably -- destroyed shareholder equity beyond recognition to the current sp levels we see today.

Here is what the market needs to see in order to have its confidence restored in SCRC:

(1)
2014 10K issued w/no material restatements of previously PR'd numbers.

(2)
Q1'15 10Q issued w/no material restatements of previously PR'd numbers.

(3)
No restatements of any 2014 10Q's.

(4)
Full disclosure as to SCRC's current financial condition w/respect to the terms and conditions of the LOC with Triumph, so that the market can be certain that SCRC is not at risk of another "Ironridge-esque" fiasco where a financier can potentially seize SCRC assets or force SCRC into liquidating assets.

(5)
Issue the Q2'15 10Q on time by August 15 w/no material restatement of previously PR'd numbers AND have the Q2 income statement reflect the "significant" cost savings that were PR'd in late Q1 as having taken effect.

(6)
Report JUL approved orders by no later than the end of the 1st week of AUG and have it be at least $1.115M -- this is because $1.115M represents the amount that would guarantee that the avg monthly run rate that the market is being led to believe via this "$2.23M over MAY and JUN" announcement is at least being maintained, and this would demonstrate that revenues have truly bottomed out and have stopped bleeding.

(7)
Hire a permanent CEO & President who is seasoned in either pharma or retail, preferably both.

(8)
Upon hiring of the permanent CEO & President, send Ettinger back to the BOD and jettison Adam Brosius.