ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

It's in the exhibit attached to the 8k.

(iv) Private transactions are not limited or affected hereby.

Damn exhibits get you everytime, LOL! But in all seriousness, that was pretty sneaky the way they put virtually all other terms from the Exhibit into the body of the 8K itself but left that one out. I had previously scanned thru that Exhibit when the 8K was issued and upon cursory review it appeared to reflect the same disclosures as was in the body of the 8K itself, but I guess one must read every word of the Exhibits now as well when it comes to SCRC...

So it seems that so long as BS Schneiderman sells privately, he can dump his entire 19M shares in one day if he wanted to and we wouldn't know about it until potentially 2 business days after it already happened.

I think it is safe to say that whoever bought penny stock from BS Schneiderman (and at .0162, it literally is a penny stock now) at such a steep discount (would not surprise me one bit if the private buyer is someone that we all know, hmmmm) will flip these shares at a healthy profit well before the sp is able to consistently touch the .035 levels.

The .0162 price that BS Schneiderman dumped 2M shares for is a massive discount over the current market prices that it has essentially the same impact as if SCRC itself diluted with more clearance-priced PIPE shares. The 18M+ shareholders who jumped in front of everyone with their .02x shares now just got pushed back in line themselves by new line jumpers holding 2M shares of .0162 stock.

2M shares can be pretty easy for the market to absorb, but if BS Schneiderman decides to make a habit of doing this until his entire 19M stash is gone, well, then all bets are off.

So much uncertainty. Welcome to trader heaven. Also known as investor hell.