NextPlat Corp (NXPL)

[JMCK6193]

Yes, I'm frustrated but not enough to jump ship yet.I disagree with your assessment on averaging down, I've averaged down on other stocks before and done rather well. Even though I'm still under water, but I'm nowhere near where I was a year ago. And hopefully after the buyback and can cut my losses in half because of my averaging down. That's my play and I'm sticking to it. Lol 😆 

[CaptHowdy]

Don't blame ya on that sentiment JMCK. Averaging down was a fools bet, I been saying that for months.

Fernandez disengaging from investor concerns coupled with the two year lack of communication has dug himself into a significant hole.

Karma is REAL.

[vp_007_99]

It happens all the time.  Just happened to me with CDMO.  Walked it down, did a questionable valuation and took it private, all after an RS.

[gedi8]

No I haven't forgotten

[holt69]

You must have forgotten how they approved the terms of the merger.

Share price.

After letting RXMD's share price get destroyed due to inaction and a reverse split, they used share prices of RXMD and NXPL to determine how the merger would go. RXMD got scammed in that.

And you think, somehow, they would choose NOT to use share price again in order to do something that favors Fernandez?!? Dude, the Board serves him.

[gedi8]

I don't believe that it's that simple. I think an audit would have to be performed in order to determine FMV.

[holt69]

RXMD shares are worth well under a penny (if you account for the reverse split and conversion).

We have gotten robbed.

[holt69]

They can let it drop to 10 cents a share and then buy us out for 20 cents a share.

In that case you'd technically be correct. They'd be paying a premium. And that's exactly how they'd spin it.

They've already let it drop this far. Nothing is stopping it.

[gedi8]

Someone just bought 10,000 shares at the Ask @ .843. And the MMs of course dropped the share price again right after that buy

[gedi8]

Shareholders wouldn't just go away with your scenario. I would think that the company would have to pay a premium for shareholders' shares. Also Frost and Friends have pumped a good amount of cash into the RXMD/NXPL connection. I don't think they would be happy not making a hefty ROI after all this time.

[holt69]

Sorry. The time has come and gone for them to prove they're not intending on taking this private.

Remember, their initial investment was with funds they got by diluting NXPL shareholders over a number of years.

Fernandez isn't trying to serve shareholders. He's trying to accumulate assets for his own good. Meanwhile, the Board does nothing to help us.

[JMCK6193]

Frustrated!!!

[Marcus Welby MD]

One might assume that NXPL would repurchase shares at this level to maintain the $1 price. Earlier this year, Michael G. told me that Chairman Fernandez likes to know about the questions expressed by shareholders. My personal opinion is to gauge the level of discontent. Does anyone know if the executive managers read these posts?

[stockforce]

I pray to God they will not do this. Considering they invested so much of their own money, together with Phil Frost's $6M, in NextPlat, the most logical outcome is not taking this private. Hope the company will turn profitable later this year as they predicted. Hope their e-commerce a great success in China.

[holt69]

It might. That was the start of all the bull$#@%.

This all bums me out. It'd be so easy to be profitable. They're simply not trying. They don't care.

It really does look like they're going to run this into the ground and then take it private.

A lawsuit is the only hope we've got at this point.

[CaptHowdy]

Agreed, Holt. Anyone still defending Fernandez certainly needs their head examined. This CEO is a disgrace and has failed miserably at fulfilling his fiduciary duty for shareholders.

I have to suspect they'll be getting a non-compliance notice from NASDAQ before Q1 is reported. What a horror show this has become with Fernandez. 🤬

[Wangenstein]

Would that include the RXMD reverse-split that wiped out loyal shareholders to minimize the cost to NXPL?

[DCorleone]

Unfortunately ... The truth is out about NXPL!

[holt69]

I'll wait until the first quarter financials come out. If they aren't good, I'll be contacting multiple law firms to discuss a lawsuit for breach of fiduciary duty for Fernandez and the rest of the Board.

The terms of the merger were a scam. The lack of action since is inexcusable.

Defending the company at this point is mind-boggling.

[gedi8]

Bear no argument here. All I was trying to point out was the fact that overall market conditions have worsened the share price.

[Bearslayer]

And where was the price before two months? In the crapper. We are all beyond upside down. They have no concern for us and why would they? This is run like an OTC company with as little known as possible and no profit in site. Until this changes we will continue to suffer the consequences. I see no rosy future here unless something crazy happens, like the Chinese buy up all the Opko products. But if that happens they will just knock them off and start making their own anyway. Besides, I keep asking what's the vig? Anyone have a clue?

IMO

[CaptHowdy]

NXPL has been losing value since it hit $1.50 last year. Certainly the recent market conditions don't help, however we can all agree that Fernandez is not a very effective nor successful CEO. His leadership of NXPL is the reason why RXMD tanked under his command and the reason why NXPL never gained any momentum when it wasn't associated with RXMD.

Bottom line.....he's not qualified to be running a NASDAQ listed company until proven otherwise.

[Turbomunkey]

Yeah Gedi we are getting beat up. I am sorry that things have unfolded the way they have here.

Everyone enjoy the weekend and good luck.

[gedi8]

Let's not put all the blame on NXPL. Clearly they are responsible for a good portion of the stock price, but don't disregard what has happened in the overall market over the last 2 months. Dow is down another 700 points today...my overall portfolio is blood red.

[DCorleone]

Agreed!!!!

[CaptHowdy]

Agreed, investor's been selling off this position since Monday's conference call.

Shareholders lost faith in CEOs ability to right this ship. He's needs to be voted out by the BOD. Been downhill for former RXMD shareholders since Fernandez came on board. Shameful

[DCorleone]

NXPL... Sad state of affairs.

[CaptHowdy]

🤣🤣 Good one and sadly the truth. Continued dissatisfaction and disappointment following the conference call as I predicted. Exit stage left Fernandez.

[Turbomunkey]

Punxsutawney Fernandez came out of his office for the annual conference call, and per tradition, since he had a shadow of a doubt, there will be 6 more weeks of silence.

[Govwhite]

I think it was so robotic because they were all reading pre scripted stuff approved by attorneys. There wasn't any ad lib. Doesn't help us but probably just doing what the attorneys told them to do. 

[Bearslayer]

They need a class in public speaking. Or have someone else do it. Too much fumbling around. No emotion and no confidence. I don't even know why they did it. 

[Turbomunkey]

The share buy back is likely a means to maintain share price because it does not seem like there are any catalysts. Whether the share price craps out is to be seen, but definitely no reason for appreciation that we have been shown.

The CC was a whole lot of, we are working on it. That's fine I guess.

[stockforce]

Just curious why the management didn't sound very excited about what they are doing. At least show some passion in their tones. Whatever you do, you need to draw passion from investors with your own passion, like Elon Musk. They all sound so robotic.

[Bearslayer]

Hope your correct. However, I just don't see anything to like at this point. The CC sounded like a bunch of amateurs. I'm hoping for a miracle but that's not realistic. Progressive was stolen from us and the new guy doesn't give two shits about legacy holders. The 200/1 is proof. It meant nothing. I would have been happier to stay on otc with Armen knowing I had my shares and the inevitable pump run would happen at some point. This has become depressing to even watch at this point. Good luck to the faithful few left here. Any good run and I'm taking what's left and buying a six pack of rolling rock. 

Imo

[RED44]

I agree. I don't see a reverse split in the future. Based on the last conference call I expect to hear more about the share buyback by the time NXPL has their next conference call in May rather than any notion of a reverse split. This stock price will go back up. Just a matter of time.

[staypuff]

I don’t expect another reverse. The intent of the buyback PR was to have the ability to buy back and bring the price up to compliance if needed from my perspective. Just a protection.

[Bearslayer]

That means the stock will crap out and everyone here is toast when they do the next R/S. This guy destroyed the company, it's vision and us. Thanks Armen for your blatant failure. Serves you right as you lost everything to another conman.
IMO 

[Turbomunkey]

By my estimate, don't expect anything for at least another year. They said no acquisitions on their radar which would excite people and shake things up.

[Turbomunkey]

There is a laundry list of projects RXMD started that up a disappeared.

Maybe I'll wake up tomorrow and this all was just a bad dream.

[CaptHowdy]

We need the SlapChop or Sham-Wow dude with Hawk Tuah as his sidekick. That would certainly get the ball rolling. 🤣

Remember we heard about the Mark Cuban (Cost Plus Drugs) connection with Fernandez? Whatever happened to that, I submitted that question and they ignored it. 🤬

[Turbomunkey]

Agreed. Charles has been CEO since November 2022, and share price has done nothing but drop. This following Jays uneventful tenure.

RXMD has been spinning the tires a good 5 years now. Get someone who understands fundamental marketing and social media and can actually drum up some interest. If good marketing can sell a shit product, then wtf is the issue here. Jay and Charles probably ask their grandkids to show them how to use their damn cell phone ffs.

[CaptHowdy]

He drank the Glickman KoolAid again.

We're being PUNK'D by Fernandez. Let's on board the real CEO now. This clown in charge is killing the stock's value, including insiders & his own investment. This is a NASDAQ stock (barely) CEO needs to stop acting like its an OTC equity.

Most of us former RXMD shareholders will never recover from the 200:1 reverse split. 🤬

[JMCK6193]

Not over yet "Funny Man"

[Turbomunkey]

Nice "source," con man.

[JMCK6193]

That's funny, "Funny Man"

[Thee Donald]

Was your source blowing smoke up your a$$ or was she just not well informed?

[RIOgrande44]

Definitely not what we hoped for. but things are slowly improving. .

Net loss attributable to NextPlat Corp common shareholders for the year ended December 31, 2024, was approximately $14.0 million, or ($0.68) per diluted share, compared to a net loss attributable to NextPlat Corp common shareholders of approximately $3.8 million, or ($0.22) diluted earnings per share, reported for the year ended December 31, 2023.
The Company ended 2024 with approximately $20.0 million in cash representing a net cash burn of approximately $6.3 million from the end of 2023. The use of cash primarily consists of approximately $3.4 million in non-recurring operating expenses related to the merger of Progressive Care and approximately $1.0 million relating to the Outfitter Satellite acquisition completed during fiscal 2024. Excluding non-recurring operating expenses, total cash used in recurring operating activities was approximately $2.0 million.

[Turbomunkey]

Thanks for the transcript Garrox

[CaptHowdy]

Agreed Wolf. The NXPL side of the business only grew by $2.8 million in 2024 compared to last years report. That is EXACTLY the point I was trying to explain earlier. If the reported "revenue increase" was so good we would not have seen 74k shares sold on todays news. IMO

Furthermore, investor's have to question why RXMD yearly revenue was close to 50 million in 2023 and now after its been consolidated with NXPL they are reporting about half that number at $24.9 million attributable to the healthcare as declared in the PR. 🤔

They didn't "grow" by 73%... they "acquired" 65% more business revenue from finalizing the RXMD merger and adding that revenue onto their yearly financials, which is why they can make such claims. The significant percentage increase is soley due to the RXMD acquisition. Take away RXMD and NXPL would only show an increase of about 7.5% (2.8 million higher than the 2023 yearly report 37.8 million)

Adding the increases of 65% for RXMD + 7.5% of NXPL results in a rather fuzzy 73% claim made by NXPL to create a juicy headline. Fernandez is misleading and knows exactly what he's doing.

[SilentWolf]

I tried to make that same point several months ago, and was ignored. When they start reporting earnings this year, they won't have that overlapping of numbers to show in their PR headlines.