ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

I found the following comments to ring good/sounds honest and implies that it was not handled very well before they fired the pres. I especially noted the non dilution comment as we all have been concerned about it happening.

Ettinger added, "Additionally, we would like to inform our shareholders that the company holds the filing of its 2014 annual report and subsequent 2015 financials as its top priority. ScripsAmerica has also maintained its shares authorized and outstanding at approximately 140 million as we believe in forming a strong foundation from which we can grow by preventing any potential stock dilution moving forward."

That is a positive thing, as I mentioned in a prior post as well. However, keep in mind that this statement only confirms that from the most recent official share count disclosed in the Q3'14 10Q, the share count only increased approx 5M shares thru 7/23, the date of that PR. That is not a lot, and is actually pretty impressive for a penny stock to only dilute by 5M shares in 8 months time.

HOWEVER...

...nothing he said promises that he won't dilute significantly in the future, whether it is the near future or distant future. And as much as his intentions and desire to not dilute may be true and sincere, the reality is that SCRC is likely in a cash flow crunch by now with the evaporation of approved orders and revenues. And the LOC is virtually useless by now as the max limit they could draw down on is only 85% of Main Ave's A/R, so that won't help much (not to mention that whatever they drew down just means they have greater liquidity pressure each month going forward as this LOC will require monthly debt service itself)... ...and so whether SCRC "wants" to do it or not, retail speculators need to be aware and vigilant as massive dilution at even more steeply discounted prices may be inevitable in the future.