Progressive Care Inc (fka RXMD)

[Bearslayer]

Volume just changed

[pochemunyet]

I see that purchase on TD.

[Bearslayer]

That happens sometimes. Doesn’t mean halted.

[stockforce]

I bought 45 shares at $5.25. They went through but not shown on Level 2.

[pochemunyet]

I don't see that.

[Bearslayer]

Where do you see that?

[stockforce]

RXMD is halted.

[stockforce]

There are $14M reasons from those billionaires why RXMD will skyrocket very very soon.

[stockforce]

This will go violent once right news drop. It will come, very soon.

[Jagman5]

Thank you. That really helps clear up the situation.

$RXMD

[JMCK6193]

"Power Hour" let's make it happen, Captain.

[James salmon]

Thing is cash in the bank has been increasing, well over 8 million now.

Yes agree these are longterm holders.

[TrackDude]

Yeah the dilution from these additional investments isn’t great, but these shares held by Fernandez and company should all be long. Far different from CV/Iliad converting on open market

[TrackDude]

So if the price goes up just a dollar, Jay’s stock value goes up $127K. Not sure what argument you’re trying to make. Their percentage of overall holdings compared to pre-split is still largely the same. Reserve splits do not change the company market cap.

[Turbomunkey]

I hope it does well for us. I'm shoveling my lunch down then back to business.

Keep rolling rolling rolling.

[gedi8]

Very nice!!

[Turbomunkey]

Time will tell. I'm still underwater bigly. I hope this continues to correct north.

Good luck.

[macmaint]

Great Buy

[staypuff]

I took out the 4.35 and part of the 4.50

[gedi8]

Nice Turbo!

[Turbomunkey]

I got orders at 4.09 and 4.10 this morning. Wish I bought cheaper. Oh well

[stockforce]

Record quarterly revenue of $11.4M is just a starter. NextPlat and other individual healthcare entrepreneurs have invested over $14M in RXMD. Huge plans are brewing right now. Boom time is coming if some major news drop.

[RED44]

I'm tracking an OS of a little over 5M. Still an extremely low OS with around half of it being restricted. This one is way undervalued in my opinion.

https://www.otcmarkets.com/stock/RXMD/security

[Leksi]

Don't know how official this source is, but according to it Mr Ferdandez owns shares followingly:

OTCQB Certification (v. 3.2 March 7, 2023)

Charles M. Fernandez:

29,625 (1)
121,343 (2)
62,881 (3)

2.8% Percentage of Class of Shares Owned (undiluted)

(1) Fully vested shares of common stock, including 11,364 shares of common stock owned by eAperion Partners,
LLC, of which Mr. Fernandez is the owner.
(2) Shares of our common stock underlying a $400,000 principal amount convertible promissory note.
(3) Unexercised fully vested stock options to acquire 62,881 shares of common stock.

And NextPlat owns

45,652 (8)
303,358 (9)
1,500,000 (10)
1,500,000 (11)

44.3% Percentage of Class of Shares Owned (undiluted)

https://www.otcmarkets.com/otcapi/company/financial-report/368733/content

[Jagman5]

I got curious about ownership as your list does not include NXPL, Fernandez, or Barreto. So I went to the SEC filings and looked at ownership. Those three entities do own common shares.
The latest SC 13 D/A dated 5/4/23 lists info on this but there has to be an error in the amount reported for NextPlat. Per the entries and notes they own 90% of the common stock. Not likely. So I looked at applying the RS 1:200. That is also unreasonable. I'm stuck.

$RXMD

[gedi8]

LOL!! whatever you say. Have you seen the 10-Q.

[Propain]

Look at the volume. This thing is a dead POS. What a waste.

[James salmon]

I will let someone else break it down, but they do have a lot of stock which will be in OS, but agree they do have stock to convert which will not be in that.

[CaptHowdy]

Shares acquired by NXPLs Fernandez & Baretto were preferred shares. I see what mean you about them having skin in the game, however - those warrants and preferred series shares are different than the common shares within the float and OS that retail investors are able to trade.

[James salmon]

I will agree with one thing, we do need an update as to plans going forward, problem is when that update comes you will probably be left behind if you don’t hold shares.

It’s clear from recent Q results, that business is going pretty well. With continued profit margin increases, PBM fees hopefully being reduced due to legislation and debt interest gone, we will show a good profit in this Q.

NXPL have the right to purchase enough shares in RXMD to take their holding above 50%, there is no need to keep share price down any longer.

[CaptHowdy]

The BID/ASK spread of .32 cents (Citadel on both sides of the trade) is an clear indication on how low the demand for RXMD shares has become. Makes RXMD ripe for day trading and manipulation under these circumstances.

With the continued silent treatment from CEO and lack of any significant milestones to be heard of, this will keep trading sideways until further hints of a plan are communicated to shareholders.

[James salmon]

I am looking at now, not in the past.

Due to the holdings of NXPL and our CEO and Vice Chairman there are a lot of shares that are held tight, float is low.

[CaptHowdy]

Only 3 insiders currently hold a position in RXMD over the past 2 years.

Cecil Munnik - 532k
Birute Norkute - 8.1m
Jay Weisberg - 25.3m

These are the numbers reported in October 2022, prior to that sneaky RS Fernandez pulled on the last trading day of December 2022. Jay stood to gain the most, until his 25m holding was reduced to 126k now.

After RS is applied to these holdings a whopping 170k shares of the OS are held by insiders, an minimal percentage of the current OS of slightly over 3M

[Turbomunkey]

That's even better. Activity picking up here.

[gedi8]

I'm with you JS.

[James salmon]

And how many shares are held insiders that will not sell, can’t leave a lot, reason we will see large swings up and down.

I mean we have $7 to $8 million in the bank, market cap of around 20 million and will 100% show a good profit in this Q with revenue probably trending towards 45 to 50 million this year, if not more with potential deals.

[gedi8]

I also agree. With an OS of a little over 3 million, it won't take much to kick the share price higher.

[James salmon]

I agree number of available shares is low, any news which increases volume is going to spike share price north. It really would not take much for this to go to $10 and above in a flash.

[RIOgrande44]

That's not really true anymore. Rs changed that. You can't buy in big numbers without the price shooting up.

[Turbomunkey]

[JMCK6193]

Come on $18

[Turbomunkey]

Aint that the truth. Its been a long wait, need more than a wash.

[Yooperman]

Me too, but I'm not looking to break even.

[Turbomunkey]

Gentlemen there's enough riches for everyone, no need to argue.

[CaptHowdy]

Yes Turbo, on the surface it looks like a nice pop into closing, however upon looking at that trades printed, it was the two 100 share block "paint job" trade(s) that occured 10 minutes before closing bell, thus resulting in the 6% gain seen today.

BUYS: 1,041
SELLS: 727

Overall it was mostly a flat day of trading, a total of only 13 executed trades today, which is well below where this needs to be to see any significant movement. Of course the currently muted CEO hasn't helped the situation neither.

[Turbomunkey]

Again, nice close. Still a ways for me to break even.

[stockforce]

This one is huge. Phillip Frost is a highly recognized and successful entrepreneur in Healthcare industry for the past 60 years. His personal investment of $6M in NextPlat’s healthcare sector and RXMD is a clear signal where the company is going. The first thing you see on the front page of NextPlat website is “Digitalizing Healthcare”. Over $14M have been moved into RXMD by NextPlat, including the investment from Phillip Frost. What’s about to come will be a game changer plan for both companies.

[Bearslayer]

Link


https://ir.nextplat.com/sec-filings/all-sec-filings/content/0001493152-23-017501/0001493152-23-017501.pdf

[Bearslayer]

Taken from the sec filing in the Q.


The Company raised $6.0 million through a private offering of its common stock priced above the market. The new growth capital will support the expansion of its offerings into the rapidly growing healthcare sector through its previous strategic investment in Progressive Care Inc., a provider of personalized healthcare services and technology, and support additional business development programs, partnerships, and marketing activities.

[CaptHowdy]

No references in the Frost filings on April 14th about RXMD, I believe what you are referring to is the PowerPoint presentation created by NXPL last month. SEC filings are what matter most, not a slideshow created by an NXPL graphic artist within their Marketing Dept.