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ScripsAmerica Inc SCRC
Posted On: 11/14/2014 5:48:29 PM
Post# of 7769
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Posted By: Tutter18
Re: celtics2014 #5143
"In October 2014 the Company, which had previously owned 49% of MAvPby assumption of all of Implex’s responsibilities to the lenders, obtained the other 51% from Implex and, accordingly, is now the owner of 100% of the issued and outstanding stock of that compounding pharmacy. The Implex ownership interest in MAvP was transferred to the Company for no additional consideration as the Company previously reflected 100% of the purchase price through VIE consolidation. The Company now owns 100% of the assets and outstanding common stock of MAvP."













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