Replies to post #16157 on ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

The bottom line is we need to see orders received from Hong Kong and I do not want to hear they are still waiting on approvals. Since when is China regulaated by FDA? I would like to see the orders from the hospitals and pharmacies that were all ready to go

Agreed. That catalyst should have arrived by now.

During Q4, Bob never indicated that sales orders would be contingent upon first obtaining approval. All the PR's discussing the update on China specifically mentioned CHINA -- NOT HONG KONG -- and clearly gave the impression that deals w/leading pharmacy chains and hospitals were imminent.

Only when Q4 started drawing to a close w/the market rumbling about "WTF is going on w/China???" did he engage the Core for more "investor-relations-related" consulting work to draft the Q&A which we now see on the SCRC website. And, lo and behold, the Q&A now told us that for some inexplicable reason, the sales agreements have not been executed/announced yet because they were awaiting regulatory approval first.

Before going forward, I want folks to think about this for a second. What reason could there be for a potential client to say that they won't sign a distribution agreement until regulatory approval is obtained. Think about that. I have been involved with many deals as part of being an executive with several companies, both Fortune 100 and startups, and I can assure you that without exception, deals are hardly EVER held up from at least being signed because of pending regulatory approval. All parties want to begin preparations ASAP in order to facilitate a smooth launch/transition/whatever. And companies can't move forward and commit resources toward an initiative until a legally binding contract is signed. What typically happens is that the contract will be signed but that there will simply be language inserted that clearly states that the contract terms are contingent/conditional upon receiving regulatory approval. I'm not saying that deals won't be signed/announced "any day now"; I am simply saying that this sudden shift in direction/tone as exhibited by the Q&A language is very unorthodox.

So, getting back to where I left off in the paragraph preceding the one above... ...if the Q&A stated (or at least very strongly suggested) that the sales/distribution agreeements were simply pending regulatory approval, then why the heck haven't we seen any announced yet? SCRC received regulatory approval for Hong Kong a while ago now.

Will sales/distribution agreements be made and announced? I still believe so. But it is clear at this point that investors have been misled about both the territory being pursued and the stage of negotiations of any such deals. It is certainly NOT China, the crown jewel of Asia; and the timing was certainly NOT imminent.