ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

posters here say of insider buys, can you link me to that info?

@Armani,
For all intents and purposes, there were no insider buys. If you go to nasdaq.com or any other site that offers SEC filings by ticker, you will see a boatload of Form 4's that show "Additions". But look closer and you will see that all of them except for one (more on this one later) are simply awards of shares and derivative options to BOD members as compensation for attending BOD meetings.

The only non-BOD compensation related Form 4's are linked here:

Urbanski 11/8/13 Disposal of 865,000 Shares

Urbanski 11/18/13 Addition of 90,000 Shares

Schneiderman 9/10/13 Disposal of 1,000,000 Shares

Schneiderman 12/12/13 Disposal of 1,000,000 Shares

Andrews 9/12/13 Disposal of 100,000 shares


So, yes, as mentioned above, there was one insider "buy", which was Urbanski for 90k shares, but this was shortly following his "sell" of 865k, so it nets out to a net-sell of 775k shares.

But, in the interests of full-disclosure, it should be noted that 300k of Urbanski's disposals as well as both of Schneiderman's 1M share disposals were noted as Code "G" which means they were not sold directly into the market, but were transferred to outsiders as gifts. No one other than the recipient knows whether those shares made it into the market or are still sitting in the float (well, techincally, either way, these gifted shares are in the float, and whether or not they made it into the market is largely irrelevant by this time).

How you interpret this info is up to you; I'm simply providing the info you requested.

Hope this helps, and GLTU...