Hey Robert, are you on the boards? I'd love to give you some feedback if i knew you're around to see it.
First thoughts: the water mark is distracting (not needed),
You don't need the scene numbers in a spec (unless you're the director and are using this as a shooting).
You don't need to capitalize CHER's name each time she appears, just her first appearance. The reason we do this is so readers/actors/crew etc can know whether a character has appeared before and it acts a prompt for thewriter to provide the description of the characters (age, looks - which you've done in a really efficient and clear way, good job).
Aside from the above, this is technically sound and as I said I'd be happy to give you a full read through if you can reply/PM me you'd be here to see it.