Replies to post #17422 on ScripsAmerica Inc. (SCRCQ)

[Garcimore00]

I mean the positive thing I see...

[coolerheadsprevail]

we almost don't have any seller in the 0.105-0.118 range.

I agree that this has been encouraging, especially considering that 1M shares belonging to Black Cat Consulting unlocked and got dumped beginning 4/15 (including that 2M+ volume day), and although there were a few low prints of sub-.09, I believe that the bulk of the shares were traded between .09-.10, which I thought was unexpectedly good given the fact that there were 1M+ shares getting dumped in such a small window of time.

What concerns me is that we have an unknown quantity of restricted shares that are unlocking at unknown dates in APR-2014 (as well as MAY-2014 and JUN-2014). See list below per the 10K. The first 6 entries do not provide specifics on neither quantity nor timing, other than it was in "October, November, and December" (which translates to a 6-month unlocking beginning in APR-2014).

BUT, one of the specific issuances that the 10K does disclose is the last one in the list below: Almost 600k shares belonging to IBC unlocks TOMORROW, 4/29. Depending upon how quickly IBC can get the certs squared away, the liquidation may begin tomorrow or it may begin the next day or two thereafter, but it's coming. Let's hope that we can absorb these as efficiently as we absorbed the 1M from Black Cat...

In October, November and December 2013, we issued an aggregate of 1,003,571 shares of common stock to Tonaquint, Inc. for the conversion of an aggregate of $207,735 in principal amount of a convertible note held by Tonaquint.

In October and December 2013, we issued an aggregate of 1,366,964 shares of common stock to JMJ Financial for the conversion of an aggregate of $299,457 in principal amount of a convertible note held by JMJ Financial.

In October, November and December 2013, we issued an aggregate of 600,838 restricted shares of common stock to a note holder as payment of royalties due under the note. The royalty payment was in the amount of $102,159.

In October, November and December 2013, we issued an aggregate of 62,250 restricted shares of common stock to a note holder as payment of royalties due under the note. The royalty payment was in the amount of $8,798.

In October, November and December 2013, we issued an aggregate of 1,003,442 restricted shares of common stock to Vista Capital Investments, LLC for the conversion of an aggregate of $163,960 in principal amount of a convertible note held by Vista Capital Investments.

In October, November and December 2013, we issued an aggregate of 827,926 restricted shares of common stock to GEL Properties, LLC for the conversion of an aggregate of $140,717 in principal amount of a convertible note held by GEL Properties.

On October 7, 2013 and November 21, 2013, we issued an aggregate of 24,444 restricted shares of common stock to Nick Torrens under a consulting agreement with regard to public relations services. The shares were valued at $3,289.

On October 15, 2013, we issued an aggregate of 1,000,000 restricted shares of common stock to Black Cat Consulting, Inc. under a consulting agreement with regard to investor relations services. The shares were valued at $140,000.

On October 16, 2013, we issued an aggregate of 32,000 restricted shares of common stock to our directors for their attendance at board and/or committee meetings. We took a charge of $5,440 for the issuance of these shares.

On October 29, 2013 and November 14, 2013, we issued an aggregate of 597,756 restricted shares of common stock to IBC Funds LLC for the conversion of an aggregate of $165,288 in principal amount of a convertible note held by IBC Funds.

Based in this I strongly believe that we can see 0.2+ as soon as we get some positive news concerning China

Positive news from China would need to be not just obtaining regulatory approval, but a concurrent announcement that the first order from China has also been secured. If not concurrent, then such an announcement of an initial order needs to come shortly thereafter. Otherwise, it is my opinion that any gains from simply the announcement of obtaining regulatory approval for China w/o any sales orders will be short-lived.

The interesting thing about the sp is that it is technically already at .20. But shareholders aren't able to benefit from this because of the non-stop dilution. Remember, the market cap on 9/30/13 was $10.8M when there were only 72.2M O/S, before all the dilution kicked in. At 3/31/14, the market cap was $14.4M based upon a whopping O/S count of 125.6M. Had this dilution not occurred, the sp would be $14.4M/72.2M = .20 right now.

This is one of the points I have been attempting to drive home for folks as to why this dilution that began during Q4'13 is so devastating and why it was unconscionable for anyone to be advising anyone else to buy-in to SCRC during either Q4'13 or Q1'14.