Phase 1 is designed to retire all the debt against RXSF and to Provide operating capital into the fall. i understand that number is now $1.5m instead of $1.0m. This will also clean up the companies books while it is acquiring other companies to grow the revenue base and EBITDA through acquisition. Wellington Shields & Co have made more than $15m in cash available to RXSF to complete acquisitions. That's phase 2. Once both those phases are completed, expect the company to quickly move to NASDAQ and leave all the Bashers behind. I put my money on a 100 year old banking firm than I do a few paid and greedy Bashers who claim the company does everything wrong, yet they keep accumulating stock.
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