ScripsAmerica Inc. (SCRCQ)

[Talc Moan]

Welcome to SCRC, Cats83!!

SCRC is a rare security that is going to easily be many many dollars. The recent News and Developments have been awesome!... But another reason is the CEO hates debt and pays it off in Cash instead of shares all the time to protect shareholders!

Here is some SCRC DD I put together earlier today!


SCRC PREPAYMENT DD$$$$$$


Folks realize what's happening here at SCRC. YES the rah rah is fun and makes everyone giddy, but the FACTS are also Extremely Important that new and old shareholders see, and understand how severely undervalued SCRC is, and where we are headed!

Since April 4 notes have been paid off in Cold Hard Cash! NOT SHARES! ZERO shares were issued instead our Great CEO paid them off to Protect the Value of SCRC and its shareholders. This is what happened when you have a Revenue generating business turning the corner and ready for a significant move.!

1.) April Date : 04/29/2013 @ 8:30AM. ScripsAmerica Announces Prepayment of Outstanding Convertible Note From Auctus Private Equity Fund LLC

Quote:

The convertible note has an 8% interest rate per annum and was issued in October 2012 as part of a securities purchase agreement between ScripsAmerica and Auctus. The Note has a maturity date of July 22, 2013, however on or after April 20, 2013, the principal and all accrued but unpaid interest and any other amounts due under the Note are convertible into shares of the Company's common stock at a specified discount.



ScripsAmerica's CEO, Bob Schneiderman, commented, [b["We are pleased to announce that, due to the company reporting record revenues to begin 2013, we are financially able to prepay this convertible note in addition to a note from Asher Enterprises that was prepaid in February. These actions demonstrate the fact that ScripsAmerica remains committed to protecting and maximizing our shareholder value while we experience significant revenue growth now and moving forward."


http://ih.advfn.com/p.php?pid=nmona&article=57357868

2.) Date : 06/06/2013 @ 8:30AM
ScripsAmerica Prepays Convertible Note From Continental Equities LLC

Quote:
ScripsAmerica Inc. (OTCBB:SCRC), a leading supplier of prescription, OTC and nutraceutical drugs, today announced that the Company has prepaid the balance of an outstanding convertible promissory note held by Continental Equities LLC with a principal amount of $114,700.

The convertible note was issued on April 15th, 2013 and has an 8% interest rate per annum as outlined in the securities purchase agreement between ScripsAmerica and Continental Equities LLC. The note's maturity date is April 15, 2014; however on June 7, 2013, the remaining principal and all accrued but unpaid interest and any other amounts due under the note are convertible into shares of the Company's common stock at a specified discount. The Company's final payment rendered the convertible note paid in full prior to its eligibility for conversion into shares.


http://ih.advfn.com/p.php?pid=nmona&article=57879407

3.) Date : 06/10/2013 @ 8:30AM
ScripsAmerica Pays Convertible Note Installment in Cash Prior to Its Eligibility for Conversion Into Stock

ScripsAmerica Inc. (OTCBB:SCRC), a leading supplier of prescription, OTC and nutraceutical drugs, today announced that the Company has paid $26,959.31 in cash to settle a portion of an outstanding convertible promissory note with a total principal amount of $131,170.

The note, which was issued on April 9th, 2013 and has an 8% interest rate per annum, has a maturity date of April 8, 2014. However, on June 9, 2013, an installment of $26,959.31 due under the note becomes convertible into shares of the Company's common stock at a specified discount as outlined in the securities purchase agreement. ScripsAmerica's cash payment has rendered the note's installment paid in full prior to its conversion eligibility date.



CEO of ScripsAmerica, Bob Schneiderman, commented, "ScripsAmerica has decided to pay in cash the installment of this note that could be converted into shares in order to prevent any potential dilutive effect on our stock. It is our intention to continue making cash payments due on any convertible notes and continue protecting our shareholders' investment in the company."


http://ih.advfn.com/p.php?pid=nmona&article=57919246


READ THAT LAST NIGHT AGAIN!
It is our intention to continue making cash payments due on any convertible notes and continue protecting our shareholders'


Top Notch CEO folks!

SCRC will be up listing and many many dollars in the months to come!

Smitter SMTT