ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

Form 4

10% holder sold 1,997,143 at $.1627 on November 18.

Guessing they will have to amend it and it is cumulative sales made since he was ousted. Stock hasn't traded $.16 since around March.

The amended Form 4 raises different questions. How could shares have been sold for .0162?

(1)
No shares traded at that price as far as I can find. The 8K did not state that the selling restrictions applied only if the shares were offered for sale on the open market, so even if BS Schneiderman sold his shares via a private transaction, the other restrictions stipulated per the 8K would still apply, such as...

(2)
The 8K stated that he could not offer to sell his shares for less than the midpoint between the highest bid and the lowest offer... ...so how could he have even sold for .0162?

(3)
The 8K stated that he was limited to selling 100k shares per week but could accumulate unsold shares over a maximum of 10 weeks (or 1M shares) to sell at one time... ...so how was he able to sell essentially TWO million shares on 11/18? It may or may not be a coincidence, but the 11/18 date of the sale is exactly 20 weeks from the effective date of his 7/1/15 "resignation" (100k shares/wk x 20 weeks = 2M shares).

Thoughts? TIA...