PrimeMD Inc. (PRMD)

[aquaspin]

And the OS remains the same. I’m surprised this isn’t multiple dollars a share yet. Great financials for sure

[oel2006]

2021 financials are filed. Nice income!

[SpacMan]

Transfer Agent Verified ...

[aquaspin]

Nice. They must have just put that out. Maybe a $100M market cap company someday.

[SpacMan]

Attorney Letter out... Gotta be getting close to Pink Current.

[oel2006]

Semi Annual 2021 report is out.

[fink]

Do you know who did the R/M?
What story is going in here?

It not the first I’ve seen in the past 30days that got a R/m for it to find the NewCo went into another shell.

I love these plays

[SpacMan]

They didn't wait till the 11th hour, this is a reverse merger announced in June. Surprised they got it all done in time. I imagine shortly after Pink Current, the expansion plans will be announced. Looking forward to it.

[fink]

Thanks. Now You just gave me the need to slug through their filings to see what’s going on in here.
I saw the Tier change and the SS caught my eye.
On my list to DD. OTC is killing it everyday. It’s turning into work to DD theses

1.4m float @ .60? Damn right I’m going to look.
But why wait for the 11th hour to stay out of purgatory?

[oel2006]

Good catch on the "going national" part. Nice.

[SpacMan]

I manually refreshed the page... Checking daily for the attorney letter to drop.

[aquaspin]

That’s huge news! How did you get the filing notice so fast?

[SpacMan]

Restated financials. AR $2.2m higher. NI lower due to one-time charge of $1.5m due to reclass of temp notes payable, so $2.3m NI. If not for the one-time charge, would be $3.8. Nothing major. A good chunk of the $4m "other revenue" is CARES act incentives.

What's interesting is this piece of text that was in all the financials just possibly glossed over but important: "Company has immediate plans to go nationwide." -- Should expect some nice news coming. Going from regional to nationwide, immediate plans! Will be holding this for a while.

[jspyder85]

Thanks so much! Very helpful. Do you know if attorney letters typically get uploaded (publicly) to OTCM?

[oel2006]

It looks like they have provided to OTC Markets Group what is needed for Pink Current status. Their financials are not audited so they need to provide a signed Attorney Letter. Pink Current status requires two years and not just one year of financials as with Pink Limited.

See link for requirements.

https://www.otcmarkets.com/files/OTCPinkGuidelines.docx

They did the reverse merger in June so this did not leave them much time to get all this done before September 28th. I think they are almost there but just a guess based on all the info available publicly.

[oel2006]

It looks like they have provided to OTC Markets Group what is needed for Pink Current status. Their financials are not audited so they need to provide a signed Attorney Letter to achieve Pink Current status. Pink Current status requires two years and not just one year of financials as with Pink Limited.

See link for requirements.

https://www.otcmarkets.com/files/OTCPinkGuidelines.docx

They did the reverse merger in June so this did not leave them much time to get all this done before September 28th. I think they are almost there but just a guess based on all the info available publicly.

[oel2006]

It looks like they have provided to OTC Markets Group what is needed for Pink Current status. Their financials are not audited so they need to provide a signed Attorney Letter to achieve Pink Current status. Pink Current status requires two years and not just one year of financials as with Pink Limited.

See link for requirements.

https://www.otcmarkets.com/files/OTCPinkGuidelines.docx

They did the reverse merger in June so this did not leave them much time to get all this done before September 28th. I think they are almost there but just a guess based on all the info available publicly.

[jspyder85]

Do you know what is needed to get Pink Current? When I search them in Edgar, I find nothing. But the same is true for some other Pinks that do show as current in OTC markets.

[jspyder85]

Getting excited about this one. Crazy low float

[oel2006]

No Rule 15c2-11 issues, then.

[SpacMan]

Next catalyst = Pink Current

[SpacMan]

Yessir $1 minimum. With this float we can rip to $3-5 pretty easily. Looking forward to seeing 2021 financials + future acquisitions.

[Lebaneseproud]

The net income divided by outstanding shares equals approx .21 cents per share. Now if we give this a very low earnings per share ration of just 5x which is low for this industry, this should have a value of at least $1.00 per share right now imho.
A reasonable 10x earnings ratio would equate to $2.00 per share. And many in this industry have a higher ratio than that.
Plus this company is showing nice year over year growth and profitability

[Lebaneseproud]

Just saw it

[oel2006]

Looks good.

[Traderfan]

These financials are pretty solid for a 800k float company. Can't wait until they find this.

[SpacMan]

Financials out! 18m shares outstanding in the new entity. 15m belonging to the CEO. Floats TINY just under 900,000. Almost 4m in Net Income 2020.

[aquaspin]

I’m hoping to get some below .10 next week before it becomes a “sell only” stock through most brokers till its fully reporting.

There are going to be a lot of great deals on dark stocks over the coming weeks...

[SpacMan]

Float starting to look locked. No more sellers.

[fatcat2]

Another explosion will come sooner than you think

[fatcat2]

I'm waiting for transfer agent verified or any update on otcmarkets to buy more. Hoping to see some update this month.

[jspyder85]

When word gets out on this one, it will slowly start moving back up toward $2. Then, if news hits, watch the freak out.

[fatcat2]

Don't think there are shares left. You must buy on the Bid before PRMD flies back to $5+

[Lebaneseproud]

Look at the last 10-k Annual filing made by EGXP (now PRMD ) many many years ago. The insiders owned about 1.5 million of the 3 million outstanding shares. They could not have sold many or any shares over those years because almost no shares traded (very little). Now did the former EGXP insiders turn over their shares as part of this deal to PRMD execs in exchange for taking over the shell or did the former insiders get paid for the shell and still get to keep their shares? I would think the new leadership would likely have to get those shares. Thats why I am eager to see filings to see how the deal was structured. Either way the float is super thin at 3 million outstanding. If the new execs got the shares, its unlikely they would be selling any anytime soon as they want to control majority of stock. That would mean the effective float may only be about 1.5 million shares. Micro thin .
This has potential to blow up far more than folks might imagine

[0hm]

Well put leb this is only a matter of time until take off again

[fatcat2]

Thanks for that info

[Lebaneseproud]

I dont buy the 8 million revenue figure. Sites like konaequity dont have the real numbers. They usually pull this from credit agencies who are usually way off or outdated. With at least 9 locations and maybe more , my guess and its just a guess is that they might do roughly 3 to 5 million per location each year. I guess if they do a financial filing with the SEC , that should give us the real number. Im guessing its much higher that 8 mil. My guess would be $25 to 50 million. If they made a small profit of just 300k per year (it could be more or it could be a loss) , 300k with our small float and a low price per earnings ratio could mean a much higher share price. Now maybe it will show they lose money but I doubt it. Most medical clinics make a fortune. I guess they make at least $300k profit and that could be really low. We shall see. Go PRMD !

[0hm]

This this thing is flying low under the radar eh? I personally thought it was a fluke on fri until I dug deeper into why it run, think it'll be back to dollars soon once more news and filings are released PRMD

[Ryguy008]

Any contact info for website or the listed officers from nvsos?

Thanks

$PRMD

[fatcat2]

Prime MD has a strong market share in their industry
Revenue generated per employee is greater than industry average
The number of employees is growing faster than the industry average
Since Prime MD was founded, the company has grown faster than the industry average

Annual Revenue
$8,405,000

https://www.konaequity.com/company/prime-md-4019043251/


For some reason reminds me the start of TDOC.

[musicbynature]

Nice

EGXP

[fatcat2]

Now that was quick. They definitely not wasting time. TIA

[Renee]

Effective June 16,2021 Eagle Exploration Company, EGXP, will change to PrimeMD Inc., PRMD:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[Lebaneseproud]

According to their website, they have eight locations and say they are looking to grow. Cant wait to see additional filings. This could be jackpot

[0hm]

The filing went through 6-10-2021 fact

[0hm]

Looked into primeMD seems legit cant wait to see what this can do

[ANTI-BAGHOLDER]

They have a bunch of clinics in Ohio.

[fatcat2]

PRIMEMD,Inc.

https://www.bizapedia.com/nv/primemd-inc.html

[fatcat2]

Agree!

[ANTI-BAGHOLDER]

Filing deadline is end of the month, so we won’t have to much time to wait.