ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

You have to like this stock long and you have to agree that it appears all but 10-15% of paper is left.

Tough to say re: the notes.

In the recent period, you can't just look at the volume. As a penny stock, it was pretty evident that a lot of the accumulation when we were down between .09-.11, and even as the sp began ticking upwards, was from traders who recognized the oversold conditions, the low RSI clearly having been re-set, and all the other charts and TA indicators screaming "Buy me, I'm oversold!".

So many of these traders naturally and expectedly took their profits when the sp went up to .21 early last week. So I think if you are basing your 10-15% strictly on volume, you need to discount the volume both during the accumulation period as well as during the retracement from .21 to where we are now to adjust for non-note sellers dumping into the market.

But bottom line: I do agree that there logically had to be some reduction in the dilutive shares related to the convert noteholders. But how much is a mess to try to figure out.

In addition, chewing thru the overhang is only useful in the long run IF SCRC STOPS ISSUING NEW NOTES. Otherwhise, SCRC is simply replacing old convert notes w/new convert notes which will dilute shareholders again in the near-term future.

This is precisely the point I conveyed in the post that is stickied. SCRC needs revenues. Lots of it. Fast. That is the only way to stem the tide of new notes. Until shareholders can pick up a K/Q one day and see that no new shares were printed via either convert notes or handouts of free restricted shares to paid promoters, other consultants, or for other services, the sp will ALWAYS be held back. Every pause in note maturity/conversion dates in which the sp may rise will ALWAYS be met with a retrace when the next batch of notes mature, convert, and the shares hit the market.

The secret sauce, though, is, has always been, and always will be -- news. LEGITIMATE news will always trump everything else. The HK approval was nice, especially since it was unexpected, but the meaningful news should be the announcement of actual sales.

GLTU and continued GLTA...