Progressive Care Inc (RXMD)

[6pack2go]

The comparison I made was between Dec and March reports... so yes making the agreement to purchase the robot in Jan should had been seen in March's report.... and like I said, it shows a measly $4k... LOL

My opinion??

LOL…LOL…LOL

I hardly think it’s my opinion, just getting the information from the REVIEWED financial reporting that the company is filing.

Here, let me explain:

There was a PR stating that the mysterious robot was purchased in Jan 2016.

Link to PR:

http://www.otcmarkets.com/stock/RXMD/news/Progressive-Care--PharmCo-Purchases-ScriptPro-Robotic-Dispensing-System?id=124060&b=y

So looking at the last quarterly financial report (period ending March 31st 2016) it shows that the current ‘Furniture and Equipment’ value went from $70,494 (Dec 31, 2015) to $74,494 (March 31, 2016). That’s an increase of only $4k…. So again as I said, the robot is only valued at a measly $4k…LOL...LOL…LOL



Then on another note about the so called 3 new vehicles purchased, it seems the REVIEWED financial report is again not accurate.

In April 2016 there was a PR announcing that 3 new vehicles were purchased in March 2016.

Link to that PR:

http://www.otcmarkets.com/stock/RXMD/news/Progressive-Care--PharmCo-Upgrades-Delivery-Fleet?id=129615&b=y

But again looking at March 2016 REVIEWED quarterly financial report the values for vehicles actually decreased from the previous report. In Dec 2015 the reported vehicle value was listed as being $59,620 but yet for the following quarter (March 2016) the vehicle value was only $46,089….. So one would have to ask, if 3 new vehicles were bought why did the amount of money the company reported for vehicles decrease?



One can only presume one of two things is occurring:

1)The company is blatantly false reporting.
2)The company is making bogus PRs.

So like I said, they are afraid to have an actual reputable auditing firm look over the financials as it seems they like to report made up numbers in order to try and pump up the SP. Bummer it’s not working.

King of the OTC… Yeah Baby!!!! LOL…LOL…LOL

Here’s the link to the latest financial report (pg 17):

http://www.otcmarkets.com/financialReportViewer?symbol=RXMD&id=155070

So, not my opinion, just taking from the company’s documents!!