Investors Hangout Stock Message Boards Logo
  • Home
  • Mailbox
  • Boards
  • Favorites
  • Whats Hot!
  • Login - Join Now!
ScripsAmerica Inc SCRC
Posted On: 08/26/2014 10:20:56 AM
Post# of 7769
Posted By: Bsav88atty
Just to refresh everyone's recollection about another potential source of selling: On November 4, 2013, Scrips entered into a securities purchase agreement with Seaside 88, L.P. for up to 7,000,000 restricted shares of SCRC in one or more closings. Between November 4, 2013 and May 5, 2015, Scrips sold Seaside 5,971,673 shares:

1,152,514 on November 4, 2013 (vested on May 4, 2014)
841,426 on December 4, 2013 (vested on June 4, 2014)
928,670 on January 6, 2014 (vested on July 6, 2014)
1,342,070 on February 4, 2014 (vested on August 4, 2014)
925,153 on April 8, 2014 (will vest on September 8, 2014)
781,840 on May 5, 2014 (will vest on October 5, 2014)

Based on my review of the volume shortly after the dates on which each Seaside tranche vested, it did not appear that they dumped everything at once. Perhaps they are selling slowly. I have no opinion either way, just thought I would share some "facts" on which others can opine.

Best of luck to all the SCRC long shareholders!

Bsav













(0)
(0)









  • New Post - Investors HangoutNew Post

  • Public Reply - Investors HangoutPublic Reply

  • Private Reply - Investors HangoutPrivate Reply

  • Board - Investors HangoutBoard

  • More - Investors HangoutMore

  • Keep Post - Investors HangoutKeep Post
  • Report Post - Investors HangoutReport Post
  • Home - Investors HangoutHome
  • Mailbox - Investors HangoutMailbox
  • Boards - Investors HangoutBoards
  • Favorites - Investors HangoutFavorites
  • Whats Hot! - Investors HangoutWhats Hot!
  • Settings - Investors HangoutSettings
  • Login - Investors HangoutLogin
  • Live Site - Investors HangoutLive Site