NextPlat Corp (NXPL)

[stockforce]

Armen's reply: "From what I understand, the way this suit is structured, it represents all RXMD shareholders of record. If Jay is successful, the benefit would be distributed proportionally based on each shareholder’s number of RXMD shares. I’d recommend reaching out to Jay directly for more details."

[CaptHowdy]

You shouldn't Yooper... she's involved in the scam too & getting paid $125k to keep quiet. Chief of Fernandez's Shaft & Special Arse-sistant is more like it. 🤣 Gimme a break Charles.... your raising too many eyebrows with this behavior. Wonder what her Resume' looks like. 🤔

".... The Company paid an annual salary of $125,000 to Lauren Sturges Fernandez, the spouse of Mr. Fernandez, as Chief of Staff and Special Assistant to the Chairman of the Board."

[Yooperman]

I feel sorry for Lauren.

[CaptHowdy]

Certainly Legend. It's a rather lengthy read, however it does provides some insight on how Fernandez has been conducting shady business practices for over a decade.

https://www.barrons.com/articles/SB50001424052748703927304576637270740785508

[LegendaryNebula4]

Is this from an article? Can you share a link to it?

[holt69]

Anything Fernandez touches turns to shit.

He gets rich while the shareholders lose the majority of their investments.

I hope they have to pay at least $20-25 million to settle the lawsuit.

[CaptHowdy]

Correct Holt, that has been his M.O. as the CEO of multiple companies where the stock price tanked under his poor leadership. We can now add NXPL and RXMD to the following list of failures.

Courtesy of Barrons.com

"Fernandez started the health-care company Continucare, with the backing of Miami entrepreneur Phil Frost and George Soros' brother Robert. Continucare spent $45 million acquiring South Florida medical practices, but as the roll-up failed to generate cash profits, its stock fell from 13 bucks to 19 cents. Fernandez stepped down as CEO in 1999."


"He soon was CEO of Big City Radio, a radio chain that he converted to a Spanish-language format. Over the next three years, it lost $90 million and its stock slid from five bucks to 10 cents."

[gedi8]

For sure RIO.

[gedi8]

Yes

[RIOgrande44]

And it will drag the price down with it. I wouldn't be surprised to see single digits. I just hope he dosnt get vindictive and try to retaliate.

[Turbomunkey]

Hopefully it incentivises management to get it together.

[RIOgrande44]

Last time he answered me was last August. I was asking the same line of questions.

[holt69]

To pretend like they actually care about shareholder value?

[staypuff]

I almost bet the reason for the CC again is related to this lawsuit

[gedi8]

You're welcome. Litigation is a process.

[Turbomunkey]

Thanks Gedi. Well at least the ball is rolling I suppose.

[gedi8]

Turbo - The litigation will be a process. Answers, Counterclaims, Discovery, Motions, Status Conferences, Pre-Trials, etc. Without a settlement, it could take years to resolve. And don't forget about Appeals.

[Turbomunkey]

Anyone see a date when the hearing is supposed to occur?

[CaptHowdy]

Yessir.... scum clings to scum. Now it's Fernandez's turn to be bent over a barrel. 🤟 Hope the judge in Delaware takes his past fiduciary duty failures into consideration upon making her ruling.

His lengthy pattern of misconduct is undeniable.

[JMCK6193]

If I had known Fernandez was backed by a Soros family member back then I would have sold the first day. No wonder we're here where we're at. 😁😡

[CaptHowdy]

History repeats itself again JMCK.

Fernandez is a serial scammer with a documented track record to prove it.... Any of this sound familiar?

Read below what he caused as CEO at Continuare & Big City Radio. Both companies tanked under his leadership, just like RXMD and NXPL have. This guy was married and divorced 4 times before the age of 45. That speaks volumes about his character; he must be a total arse.

Courtesy of Barrons.com

"Fernandez started the health-care company Continucare, with the backing of Miami entrepreneur Phil Frost and George Soros' brother Robert. Continucare spent $45 million acquiring South Florida medical practices, but as the roll-up failed to generate cash profits, its stock fell from 13 bucks to 19 cents. Fernandez stepped down as CEO in 1999."


"He soon was CEO of Big City Radio, a radio chain that he converted to a Spanish-language format. Over the next three years, it lost $90 million and its stock slid from five bucks to 10 cents ".

[JMCK6193]

👇😁

[JMCK6193]

D: All of the above ☝️

[MrMike241]

Silenced by attorney order? Embarrassment? Collusion?

Hopefully, Silenced by attorney order.

Good Luck NXPL shareholders!
$NXPL

[JMCK6193]

I did the same thing yesterday and got the same results you have. 

[stockforce]

I asked Armen on LinkedIn if there's any update on the lawsuit and what shareholders should do for the case. He read the message but didn't reply. He used to reply my message right away.

[Wangenstein]

That was my guess, but I didn't want to assume and find out later I needed to take action.

[CaptHowdy]

Welcome to "That 70's Show" minus the witty humor and Mila Kunis. 🤣

He's as crooked at they come Holt. His pants are on fire now, cats outta back on the conveniently omitted PR about pending lawsuits.

[holt69]

That would go a long way in building trust with shareholders, but the lawsuit ain't going anywhere.

The lawsuit is all about the terms of the merger. He fucked us. And he needs to pay.

[holt69]

"During the years ended December 31, 2024 and 2023, the Company paid an annual salary of $125,000 to Lauren Sturges Fernandez, the spouse of Mr. Fernandez, as
Chief of Staff and Special Assistant to the Chairman of the Board."

Same amount they'd pay an unrelated party for the same services, right?

Smdh.

[JMCK6193]

My hopes and prayers are that Crooked Fernandez's lawyers will tell him it's in his best interests that he changes his current "Screw the Shareholders" path and hire a respectable CEO and PR person and do the buyback they said they had planned and maybe just maybe the lawsuit against NXPL and Company (Fernandez) would be dropped. But after reading his past dealings it's highly unlikely. 

[gedi8]

As long as they have a Certified Class, no need to notify all other shareholders at this time.

[vp_007_99]

I called.  Eric is the one I spoke to.  302-559-2119

[staypuff]

I would assume the legal firm would send out a notice to all shareholders but I haven’t seen anything they I recall

[Wangenstein]

How do we get involved with/support this class-action suit?

[JMCK6193]

I'm starting to believe Glickman is Fernandes little "B"

[staypuff]

Has anybody talked to Glickman about all this yet

[vp_007_99]

Im in.  Sending my info to the firm today.

[holt69]

Oh right, good call.

[gedi8]

I think Bear was asking if Armen was a Plaintiff, not a defendant.

[holt69]

I highly doubt Armen is a defendant.

Armen may have exercised poor judgment when working out the deal with Fernandez which allowed Nextplat to invest in RXMD in the first place. Seeing how Fernandez operates, I presume he lied about plenty of things to Armen about his intentions.

The lawsuit is about the terms of the merger. Armen knew RXMD shareholders were getting hosed but couldn't do anything about it because the Board members seemingly had no issue with it and Fernandez had the majority of votes so they could force it through.

Anyone with half a brain on the Board could see how horrific that deal was for RXMD shareholders. The Board did not represent us.

Fernandez will pay.

[gedi8]

I wouldn't be surprised if he was named as one of the Class in the Complaint.

[Turbomunkey]

Great question. Armen was the one who mentioned a lawsuit.

[Bearslayer]

I wonder if Armen is part of that suit? Or if Jay thinks he was fleeced by Armen too? Since Armen stayed on when Jay stepped down. 

[CaptHowdy]

Agreed. It's the quiet ones that can inflict the most damage. Kudos to Jay, he's was obviously pushed too his breaking point and has alot of accounting ledger knowledge about what has occured.

Hope he and his legal counsel slaughter Fernandez and Barreto in court. 😁

[holt69]

Fernandez scammed us so badly that Jay could've had both eyes closed and still seen what was going on. 😆

[Turbomunkey]

We all ripped on Jay, but in reality he was discreetly collecting Intel with one eye open.

[CaptHowdy]

Sure did....definitely flexing that Big D Energy. Don't mess with a Sleeping Jay or you get the horns Fernandez. 🤣

[Turbomunkey]

Sleepy Jay has been promoted to big dk Jay.

[JMCK6193]

Gedi it will take 20M not 20K to move this!!!
Fernandez got his wakeup call today, now let's see what he does with it.