Praxsyn Corp (PXYN)

[OhManIDied]

A few of my favorite developments are:

1) The discovery (first mention) of "kickbacks" from factoring.. which can provide a large boost to any of our already-encouraging, previously-projected growth and profit estimates.

2) Agreements to pay down convertible debts without allowing their conversion into common shares. This is absolutely huge for me as I was honestly anticipating the full conversion of the "2007-2009 Converible Notes" and the "2012 Convertible Promissory Notes" to be converted to 100-150M common shares this past quarter. Instead there are new, very mangeable agreements to pay them down and 10% of the 2012 note had already been amortized by the end of Q3 and will continue to be amortized using cash over time. Beautiful!

--2b: The company has entered into a "Settlement Agreement and Mutual Release" with 4 separate note holders, which will benefit the company.

3) TPS Series D "incentive payments" are done with and will no longer bog down the balance sheet!

4) As part of the agreements in 2/2b, 40M of the increase in OS was done with restricted common stock (instead of them converting for 150M in the 0.03s). This also completely eliminates the remainder of any potential incentives to bring the share price down.