Replies to post #14643 on Praxsyn Corp (PXYN)

[Lighthouse]

wonder what's going to happen with factoring????lol I look for the next PR to announce the setup of the collections arm of PXYN to reduce factoring in a big way. JMO of course

The two factors discussed above have a material impact on our operating results, but also offer a major opportunity for profit growth as we move forward. We are currently planning to allocate additional resources to our collections efforts by building out a separate collection department within the Company or a separate subsidiary of the Company. We believe this will allow us to improve our collections and thus the net realizable value of our gross billing revenues. In addition we continue to seek more conventional financing which will allow us to move away from factoring. If we are able to secure this type of financing, we will be able to dramatically reduce our interest expense. While there is no certainty that we will be able to achieve these goals, Management is hopeful we will be successful.

[righton21]

I totally agree with you that they did not go through all this to dilute down to the trips. That type of scam elsewhere in OTC-land is common on companies that are set up with a billion shares A/S and they have some product or widget that they "hope" to market that never makes it there. Yes, TPS and the insiders could dilute this down and make a million dollars each doing it. OR....they could hold on to their Preferred shares and make many millions over and over by holding. Because they are part of a company that is doing more than just "hoping" to sell their product or widget. They are already a part of a company that has millions in gross revenues and is growing rapidly. TPS has 167 million reasons to try to make the PXYN pps skyrocket....

Maybe I should say, let's stop already with this "TPS is factoring for PXYN" nonsense. But I won't because everyone is entitled to their opinion on here.