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ARMEN CONVERSATION IV .....

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Progressive Care Reports Stellar Third Quarter Results "InvestorsHub NewsWire" - 11/15/2017 8:30:00 AM
Progressive Care Announces Third Quarter Conference Call and Webcast with Investors on November 14, 2017 "InvestorsHub NewsWire" - 11/13/2017 9:34:28 AM
Progressive Care Pays Down Chicago Venture Partners Note in Second Installment "InvestorsHub NewsWire" - 10/26/2017 10:40:37 AM
Progressive Care Reports $1.5 Million Revenues on 17,000 Prescriptions in September "InvestorsHub NewsWire" - 10/13/2017 9:34:27 AM
Progressive Care Submits Application for OTCQB Listing "InvestorsHub NewsWire" - 10/5/2017 8:30:00 AM
Progressive Care Appoints Oleg Firer as an Independent Board Member MIAMI, FL (Marketwired September 25 2017) - Progressive "InvestorsHub NewsWire" - 9/25/2017 9:16:38 AM
Progressive Care Reports $1.8 Million Revenues on 20,000 Prescriptions in August "InvestorsHub NewsWire" - 9/19/2017 8:30:00 AM
Progressive Care Is Open Following Hurricane Irma MIAMI "InvestorsHub NewsWire" - 9/12/2017 12:03:50 PM
Progressive Care Is Open Following Hurricane Irma MIAMI "InvestorsHub NewsWire" - 9/12/2017 11:54:50 AM
Progressive Care Delivers Thousands of Emergency Medications and Prepares for Hurricane Irma "InvestorsHub NewsWire" - 9/8/2017 10:23:42 AM
Progressive Care Reports $1.7 Million in Revenues in July "InvestorsHub NewsWire" - 8/23/2017 10:26:37 AM
Progressive Care Reports Second Quarter 2017 Results "InvestorsHub NewsWire" - 8/14/2017 3:50:13 PM
Progressive Care Reports Amended Agreement with Chicago Venture Partners "InvestorsHub NewsWire" - 8/10/2017 11:46:42 AM
Progressive Care Announces Second Quarter Conference Call and Webcast with Investors on August 14, 2017 "InvestorsHub NewsWire" - 8/8/2017 8:30:00 AM
Progressive Care Announces New Independent Board Member: Jervis Hough, MS, CSCP "InvestorsHub NewsWire" - 8/7/2017 8:30:00 AM
Progressive Care Engages IR Firm First Look Equities "InvestorsHub NewsWire" - 8/3/2017 10:44:09 AM
Progressive Care Reports Second Quarter Status Update "InvestorsHub NewsWire" - 7/14/2017 2:00:01 PM
Progressive Care Reports 18% Increase in Revenue for April and May 2017 "InvestorsHub NewsWire" - 6/8/2017 10:16:42 AM
Progressive Care Reports First Quarter 2017 Results "InvestorsHub NewsWire" - 5/18/2017 2:03:51 PM
Progressive Care Announces First Quarter Conference Call and Webcast with Investors on May 15, 2017 "InvestorsHub NewsWire" - 5/12/2017 4:46:47 PM
Progressive Care Initiates Process to Upgrade to OTCQB "InvestorsHub NewsWire" - 5/12/2017 8:30:00 AM
Progressive Care Increases Revenue by 10% for March 2017 "InvestorsHub NewsWire" - 4/21/2017 8:30:00 AM
Progressive Care Partners with Healthcare IT Company MDFlow Systems "InvestorsHub NewsWire" - 4/13/2017 8:30:00 AM
Progressive Care Releases Audited 2016 Annual Report "InvestorsHub NewsWire" - 4/4/2017 12:50:11 PM
Progressive Care Announces Fourth Quarter Conference Call and Webcast with Investors on April 3, 2017 "InvestorsHub NewsWire" - 3/31/2017 2:09:22 PM
INSTATRADER Member Level  Thursday, 01/28/16 11:23:07 AM
Re: INSTATRADER post# 22499
Post # of 63995 
ARMEN CONVERSATION IV .....


I called 786 657 2060...He called me back from 305 919 7399...

I started the conversation about todays PR...

Q: Congratulations on the purchase of the new robotic dispensing system. Anything you can tell me about it? What was the cost?
A: We just made this purchase, and we are excited for the added efficiencies it brings. It is not fully assembled, and will take 6-8 weeks to assemble (done by manufacturer) and it will be placed in the warehouse we are currently expanding into..connected to the pharmacy...the permits are out, and once approved we will begin the work immediately...It is $150K to purchase and assemble in total.

Q: New investors are unsure about dilution here....Some think the company is diluting shares. Can you speak to that?
A: This company has no conversions or debt to speak of. If we were to dilute in ANY way we would PR it first. Not only are we NOT diluting, but we expect the O/S to go DOWN when TARPON returns the 12M shares they still hold that were UNSOLD....

Q: Could you please include the O/S in your PR's to help prove this to those who are unsure?
A: He laughed at this, but said he would do it if thats what we would like.

Q: Audited Financials are a big deal to those who are new here...Is there a reason we are holding off on that? I would think we should get this done asap...
A: It seems easy enough, but it will cost us ~$250K/yr in total to remain current through the Q's and K's + basic legal. We would also incur a huge cost in going back to 2011 and filing all the Q's and K's as well. Its a HUGE amount of money that at this point, we are not ready to spend.......We may however, and I will speak to mgmt about this..but we may give the fins for a 3rd party review, which should calm a few people. It is simply a cost saving measure. ALSO, there are other ways it can/could be done......INTERESTING PART....
Any PRIVATE company we acquire must have their fins audited going back 2 years, and we have to pay for that as well.. Many reasons to hold onto the extra cash to allow for these other possibilities...

Q: Are you concerned that this will not allow for an uplist?
A: Not at all...our goal is to uplist to NASDAQ or AMEX..thats where we want to be...We could include the audited fins with our application to those markets, and that would do as well..

He was SUPER busy, and I asked most of the questions I wanted to ASK.

He answerd every question, and you can tell that he realizes just how motivated the SOLID BASE OF INVESTORS are here to get the word out.

All amazing stuff...much of what I would have LOVED to ASK I cannot, or he cannot answer, so I kept it short and sweet.

This is a MONEY MAKING, EXPANDING COMPANY that is strengthening its revs and cash daily......HUGE THINGS ON THE WAY!!

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