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Fernandez, Ellenoff, Barreto and Frost have been planning on the whole scheme for almost two years since they gradually took over Global Telesat and Orbital Satcom in late 2021. Their intention has always been using the company as a Nasdaq shell to turn it into a Digital Healthcare leader. RXMD is just the FIRST step of many big moves to come. The transformation is beyond the scope of being just a pharmacy biz, this needs some major M/A in healthcare. Now we are at the doorstep to see this change. The stock price is at the bottom if you take a look at the whole history of the chart. $4.50? What a joke. $20 is the most conservative minimum in the next few months.
What will NextPlat do after it spins off satellite biz? Huge opportunities waiting for RXMD once NextPlat is ready to take it in with…… (confidential)
There is nothing between $4.50 and 5.50 on the ASK. Another 1000 shares will go up to 6.50. Lol
Bring on the news
No, you didn't, but thanks anyways. Absolutely news is coming. Bring on Charlie Fernandez lol
Actually, I don't have to say this. All of us know news are coming.
It will be great. News coming.
Let's hope for another spicy week here
1223 more years to go...lol...love it, great post! 'bout fell off my chair!
But the aftermath was spectacular lol
Lol that one got me lol
Your right, it took 1229 YEARS. An excellent analogy with the way things are going here! ;)
Different mood here this week. I hope everyone has a nice weekend. I also hope we turn a new leaf here.
Rome wasn't built in a day but man when it was finished I bet it was a sight to behold.
$RXMD and $NXPL
I was wondering what the next dangling carrot would be. I hope you're right. What's another couple of months after all these years.
Oh Please! Stop already!
What impact does this have on RXMD
If you read NextPlat’s 90-day agreement with Alibaba, they absolutely clearly said no one is allowed to disclose any partnership news unless approved by both parties. The 90-day period ends on July 20.
Spill the beans SF
You're amongst friends
Actually it's just starting.
I have what I think is a reasonable notion of what will happen but don't know the timing. Can you shed any light on that? TIA
$RXMD
It was a dollar and 50 that day. lmao
People are still underwater from your last "discovery".
So have you found something else
I did and I am lol
That Florida page was searchable for 5 minutes but was not meant for sharing. Those who bought NXPL that day when I shared it would have made at least 100% return.
Maybe you should Stock, if it’s searchable it’s shareable
I just found some confidential information after deep search. Not sure if I should share. But probably I shouldn’t. Whoever sells at this level is a fool.
LOL Have first RXMD 5k shares at 5.45... A/N anyone???
Ok! Well i will be waiting for it to hit $16.00/24.00 till then lololol
You don't lose or gain till you sell.
I agree with you all. Growth is and will be a huge factor going forward. I feel that this all started with the strong 10Q. Wait til we get news and real volume.
I agree and then we gotta factor in what's coming. There is going to be some serious growth here.
1B in 5 years like they claim? They see it.
It will be good to see the details of their plan.
Right, if they keep showing growth and on the path to making a profit the pps will keep rising. Any additional good news about new ventures etc.. will kick this stock into high gear I believe. It appears they wanted to keep things quiet to buy shares at a discount until they hit 50%+. We should expect something sooner that later at this point.
Maybe if we are on the big board. But not in the cesspool.
Totally agree, the valuation has and still is way undervalued
the biggest news is that RXMD revenues are steadily climbing QoQ and YoY (from $10M) to $45M while the market cap at this pps is a ridiculous $20M. In this sector the P/E ratio would give RXMD a fair value market cap of ~$200M which would be a pps of ~$40
10fold undervalued!!!!
Should have Bought more 4.10s. My small position is now green, my big old one up nicely but red.
Nice day today.
Can just imagine what this will do when we get news.
Someone bought 100
Just 7330 shares traded, and this thing goes up 50%. ROTFLO LMAO. Judge for yourself. This is the ground level.
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Progressive Care Gains SEC Reporting Status
See on website
Miami, FL – April 12, 2022 – Globe Newswire via NewMediaWire – Progressive Care, Inc. (OTCQB: RXMD) (the “Company”), a personalized healthcare services and technology provider, today announced that, effective April 11, 2022, its Registration Statement on Form 10 filed with the U.S. Securities and Exchange (the “SEC”) to register its shares of common stock under Section 12(g) of the Securities Exchange Act of 1934 (the “Exchange Act”) became automatically effective.
The effective Form 10 obligates the Company to file Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, in addition to complying with all other obligations under the Exchange Act. In addition, management and certain shareholders are subject to the beneficial ownership reporting requirements of Section 13 and 16 of the Exchange Act.
Alan Jay Weisberg, Chairman and Chief Executive Officer of the Company said, “For me, it was always important to have the Company become fully reporting with the SEC. I know how critical it is for individual and institutional investors to have the Company file its financial reports with the SEC as it provides a higher level of confidence in the information reported by the Company and a superior level of transparency. I believe that the Company’s compliance with the Exchange Act will ultimately help drive shareholder value and enable us to access higher quality institutional capital. We remain committed to strong corporate governance and steadfast in pursuit of our journey to Nasdaq.”
To view the Form 10 filling, please click:
https://www.sec.gov/Archives/edgar/data/0001402945/000149315222009357/form10-12ga.htm
Key Financial Highlights for Year Ended December 31, 2021
• Revenue at $38.9 million
- COVID-19 testing revenue of approximately $4.3 million
- ClearMetrX TPA and pharmacy dispensing revenue related to 340B earned $2.8 million on total billings of $19 million
• Gross margin increased to 26% in 2021, from 23% in 2020
• EBITDA increased to $167,000 in 2021 from $7,000 in 2020
• Cash balance of $1.4 million as of December 31, 2021
Business Highlights for the Year Ended December 31, 2021
• Re-implemented upgraded pharmacy software system
• Expanded COVID-19 business into corporate-focused services and institutional clients
• Strengthened reputation in the 340B sector by adding eight new contracts
• Filed initial S-1 registration statement
• Submitted application for uplisting to Nasdaq
Q4 2021 Reflected a Positive Bounce Back in Business
• Increase of 10% in prescription revenue to $8.9 million in the fourth quarter of 2021, from $8.1 million in the third quarter of 2021
• Increase of 8% in prescriptions filled to 114,000 in the fourth quarter of 2021, from 106,000 in the third quarter of 2021
PRODUCTS AND SERVICES
Advances in HIV/AIDS treatment has greatly increased the ability of those suffering from the disease to manage their symptoms and live longer, healthier lives. Effective management of the disease begins with taking the right medications with the right dose at the right times. For those in the HIV/AIDS community, adhering to the very strict dietary and medicinal requirements can be extremely difficult. Normal activities are often interrupted and sometimes prevented by the struggle to be in compliance.
PharmCo wants to ease this burden on those impacted by this life altering disease. We aim to make compliance with prescription regiments as easy as possible. By understanding the sensitive nature of HIV/AIDS and the needs of those afflicted, PharmCo provides the following services to patients with these special needs:
1. Confidential packaging
2. Packaging tailored to suit a patient's individual life style
3. Free delivery from a variety of sources including PharmCo's proprietary delivery fleet
4. A staff that is well trained in acute illnesses, who understands the patient's needs and
concerns
5. 24 hour emergency support
6. Timely availability of specialty medications due to our extensive inventory
7. Access to newly developed medications
PharmCo is a fully accredited DME supplier. In November 2010, as part of Medicare's competitive bidding, PharmCo was awarded a three year contract to supply hospital beds, oxygen supplies, power wheelchairs, scooters, walkers, and other related equipment and accessories in South Florida. PharmCo carries an extensive inventory of equipment and accessories with most special requests being honored with same day or next day delivery. The company offers both sales and rentals with size, color, style, and brand options available on the majority of products. Most importantly, the staff is knowledgeable, helpful and dedicated to providing superior customer service.
PharmCo offers home service and maintenance, defective product replacements, and free home installation and instruction.
PharmCo's institutional clients have come to depend on the company's proven accuracy, dispensing methods, and immediate response time. With PharmCo compliance and efficiency assistance, long term care institutions are able to provide the highest level of continued care to their patients. PharmCo provides purchasing, repackaging and dispensing of both prescription and non-prescription pharmaceutical products. PharmCo utilizes a unit-of-dose packaging system as opposed to traditional vials used for its retail customers. This method of distribution improves control and patient compliance with recommended drug therapy by increasing the timeliness and accuracy of medication dispensing. PharmCo also provides computerized maintenance of patient prescription histories, third party billing and consultant pharmacist services. Its consulting services consist primarily of evaluation of monthly patient drug therapy and monitoring the institution’s drug distribution system.
Long term care institutions can count on PharmCo for the following services:
1. On time, same day deliveries available twice a day with 24 hour emergency support
2. Language assistance in English, Spanish, French, Creole, Portuguese, Russian, and Hebrew
3. Unit-dose packaging options tailored the facility's needs
4. Prescription data accuracy
5. Extensive medication and DME inventory
6. Access to OTC medications, nutritional products and personal hygiene items
7. Provision and review of medication carts
8. Monthly pharmacy consultations- drug interactions, redundant therapies, side effects, etc.
9. Compliance updates and consultations
10. Staff Training
11. Exceptional customer service.
Toll Free: 888-919-7411 Phone: 305-919-7399 Fax: 305-919-7424
HOURS
Monday- Thursday 8:30 AM - 6:30 PM
Friday 8:30 AM - 6:00 PM
Saturday 11:00 AM - 4:00 PM
PharmCo currently services: Miami-Dade, Broward, Palm Beach, Martin, and St. Lucie Counties.
Progressive Care Reports Full Year 2021 Financial Results Highlighted by $38.9 Million in RevenueGLOBENEWSWIRE – 11:16 AM ET 03/29/2022 |
Progressive Care’s PharmcoRx Gains Status as Approved COVID-19 Test Vendor in the U.S. for Travel to Beijing Winter Olympic Games in ChinaGLOBENEWSWIRE – 7:00 AM ET 02/02/2022
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