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  4. ScripsAmerica Inc (SCRC) Message Board

SP1: In my opinion, an RS would be a good idea ON

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Post# of 7769
Posted On: 08/23/2014 12:45:33 AM
Posted By: Bsav88atty
Re: shadowplay #4049
SP1: In my opinion, an RS would be a good idea ONLY if it was to uplist to a major exchange. I am in the minority on your second opinion, as I'm not a proponent of a buyback at this early stage of the company's growth cycle. I believe Bob would be better served using his cash to fuel growth and possibly make acquisitions. My friend diamondcutter has the same opinion. We simply don't see the benefit of spending cash on reducing the OS by a few million shares. Instead, we strongly recommend that management and the board buy stock on the open market. This will demonstrate leadership is confident in the future of Scrips. Insider buying would have a significant impact. As for your third opinion, yes, the more details in the fins, the better. Due to my busy life, I just haven't had time to dig into the recent fins, but DC has and came away a little confused but impressed with the improved fundamentals. Like most, he is predicting a profitable Q3.

I believe there are other things the company can do to improve its image, which
DC and I have shared with leadership a few times. But it's late, it's been a long week, and I'm just too tired to get into all of our ideas tonight.


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