Replies to post #18390 on ScripsAmerica Inc. (SCRCQ)

[Huggy Bear]

I agree with you and flyers. Bottom line fundamentals drive real price appreciation. Hype and illegal promotion drove the pump and dump. Do not need anymore of that nonsense. Screams scam to me. I need to see a concerted effort to right the wrong and come correct to be swayed. BS lawsuits when its the fault of SCRC do not impress me nor the market it seems. Forward looking junk the same. Bring the bacon. Ditch the PIPE pirates and the toxic lenders if you actually want to have a real deal. If it takes foregoing outrageous salary so be it. Prove you are for real.

[tutter18]

Hi Cornfed5, Good question? but the company must have a good reason why they filed the lawsuit! so if the company wins (SCRC) will it cost anything? I don't know I'am not a Lawyer! Im here for the fundamentals with a revenue producing company to make money on my Investment!! Go SCRC! Tut

[coolerheadsprevail]

So why spend the money to fight IR if it doesn't matter? I agree with flyersdh's early post.... "Cash stabilize, AP decrease, debt reduced, a limited amount of $.05 PIPE shares, and updates on the other ventures." Those things will get investors to buy more shares not winning a 600K legal battle with IR.

By and large, I agree with this statement. However, this is the part of the discussion that no one other than insiders can answer. The one benefit I can see is that if SCRC prevails, it can stave off millions of shares of further dilution to shareholders, which would be a GOOD thing.

But this obviously needs to be weighed against the costs, primarily the cash burn and related expenses that will inevitably be incurred as outside legal counsel isn’t cheap. We just have to hope that Bob weighed the pros and cons and made a good faith fiduciarily responsible determination that pursuing this lawsuit was worth it.

And I’m not saying it isn’t.

There is simply not enough info available in the public space for MB jockeys like us to really know any meaningful details (at least enough to reasonably handicap the outcome).

As I’ve stated several times, I just hope there is more meat behind the suit than meets the eye because the Complaint itself does not appear to be that strong. And as much as I would love to be spared millions of shares of further dilution, I’m not sure I want it to be at the cost of incurring so much legal fees that we push back being able to report positive net earnings by 2-3 more quarters. It is a balancing act, and for something of this nature, shareholders have no choice but to simply trust how Mgmt went about making the decision to pursue this litigation.