Yikesss

I’m lost. When is this private email from and what did I say? Tia.

I didn’t pm you. I don’t have that function.

somebody put a line in the sand on Nxpl. Just saw 5000 on the bid at 1.19 hope it holds. going a little too low for my taste.

They will if they don’t need it. It’s obviously not a priority.

Only two bidders left on L2. Trips inching closer. Just had another old former Lazar crapper sell again and since the new purchase there is zero communication. Just like all these other foreign entities that grab these shells. Getting tired of the incompetence. Not sure why any of these folks buy the shells and don't do shit with them?

We need a quick closing and news of another purchase soon thereafter.

Don’t think so….



“
a wholly owned subsidiary of NextPlat (the "Merger Sub") will merge with and into Progressive Care, with the Merger Sub surviving as a wholly owned subsidiary of NextPlat and be renamed Progressive Care LLC”

They have the majority. It’s a done deal.

It’s been over a month since the PR. stated a merger and yet the new owners have not addressed the shareholders in a letter nor even updated Otc markets to reflect a change of ownership.
They are off to a great start.
My guess is this is another off shore company looking to do business here and whips up a corporation as a new entity. If it works they make money. If not the parent isn’t affected. So far I can’t find info anywhere that they are selling products in this country. Let’s hope we have better communication at some point than the previous entity.
Problem I see is Hestia brought them in and they seem incapable of anything. Also, one of the Bhpa people is part of Hestia. So it’s some kind of three ring circus as usual. Until proven otherwise.


Aimo

After the merger what we don’t need is more satellite business. We need more digital healthcare. Maybe they can reverse merge Orbsat out and it can take the Rx shell back to the Otc giving us some shares of that garbage too.

Just saying…

Ass Scam

Look who the seller is...

Shitting on the common folk isn’t unethical??

ENTITY INFORMATION
Entity Name: LIVECHAIN, INC. Entity Number: C3554-1989
Entity Type: Domestic Corporation (78) Entity Status: Revoked
Formation Date: 04/26/1989 NV Business ID: NV19891016131
Termination Date: Annual Report Due Date: 4/30/2024
Compliance Hold:
REGISTERED AGENT INFORMATION
Name of Individual or Legal Entity: .ResignedStatus:Resigned
CRA Agent Entity Type: Registered Agent Type:Non-Commercial Registered Agent
NV Business ID: NV20091402243Office or Position:
Jurisdiction:
Street Address:

Unfortunately turbo it’s turning into a kill or be killed world. Where the hell was our president last night?? No contact with the American people to calm us as our planes and defense systems were going after Iranian drones and rockets.
The people all elect these officials and put them in place. In all these countries. So you get what you pay for so to speak. If the Iranian people don’t want these people in control there should be an uprising and removal.
All I see is killing of innocent Israeli’s
And them having to constantly retaliate. Our own country with its wide open Biden border is at severe risk.
My nephew, a marine lost his buddies in Afghanistan at the airport fiasco. He was lucky he was moved from his post less than an hour earlier. My son, a marine believes we are on the brink with Iran and that China and Russia could also create even more havoc through trade and put the screws to the administration from every angle. On that point I don’t agree as I believe China can’t afford to lose us.
Nevertheless, we are where we are in the world and our younger generation likes to deny everything and hide in their safe places and eat their marshmallows.

Loading my ammo,
Bear out-

War starting in Israel with Iran. Markets will be crazy next week.


Hopefully Netanyahu kicks some major ass tonight. He should blow that whole goddamn place to kingdom come..


Rxmd

Ok. Sorry. Thought you were referring to overall 23 revenue stream. My bad.

No. Your taking the 26 million they are showing from Rx as of 7/1/23. You can’t do that. It’s double dipping.

Where is the 88 million from?

Not sure it reads that way.
To me it looks like Nxpl has an existing sub that is merging into Rx and the new name of the existing sub is Rx. But I could be wrong.

Under the terms of the business combination agreement, a wholly owned subsidiary of NextPlat (the "Merger Sub") will merge with and into Progressive Care, with the Merger Sub surviving as a wholly owned subsidiary of NextPlat and be renamed Progressive Care LLC

ASCM just showed up on both sides. Remember those days old timers? God, get us the fuXX off this cess pool of filthy trading.

Now NXPL dropping like a rock on 30 million shares as RX goes up. wtf this is crazy.

NextPlat Announces Proposed Business Combination with Progressive Care Inc.

Source: PR Newswire (US)
Transaction Expected to Provide Revenue Synergies and Significant Initial Annual Operating Cost Reductions

COCONUT GROVE, Fla. and MIAMI, April 12, 2024 /PRNewswire/ -- NextPlat Corp (NASDAQ: NXPL, NXPLW) ("NextPlat" or the "Company"), a global e-Commerce provider, today announced that it has entered into a definitive business combination agreement with its majority owned subsidiary, Progressive Care Inc. (OTCQB: RXMD) ("Progressive

Of their sub.

We just merged and are the surviving company

NextPlat Announces Proposed Business Combination with Progressive Care Inc.

Source: PR Newswire (US)
Transaction Expected to Provide Revenue Synergies and Significant Initial Annual Operating Cost Reductions

COCONUT GROVE, Fla. and MIAMI, April 12, 2024 /PRNewswire/ -- NextPlat Corp (NASDAQ: NXPL, NXPLW) ("NextPlat" or the "Company"), a global e-Commerce provider, today announced that it has entered into a definitive business combination agreement with its majority owned subsidiary, Progressive Care Inc. (OTCQB: RXMD) ("Progressive Care").

NextPlat Corp. logo (PRNewsfoto/NextPlat Corp.)

The definitive business combination agreement was negotiated by the special committees of independent directors of NextPlat and Progressive Care's respective Boards of Directors. Under the terms of the business combination agreement, a wholly owned subsidiary of NextPlat (the "Merger Sub") will merge with and into Progressive Care, with the Merger Sub surviving as a wholly owned subsidiary of NextPlat and be renamed Progressive Care LLC. Upon closing the merger, Progressive Care shareholders will receive newly issued, registered shares of NextPlat's Common Stock. The exchange ratio of NextPlat shares to be issued in the business combination, not subject to adjustment, was calculated based upon a 20-day, volume-weighted average price ("VWAP") of NextPlat's Common Stock preceding execution of the business combination agreement and a value per share of Common Stock of Progressive Care at $2.20. The exchange ratio was determined at a price per Common Share of Progressive Care above its 20-day VWAP on the date of execution and follows a comprehensive, independent, third-party valuation analysis conducted at the request of Progressive Care's special committee of independent directors. The transaction has been unanimously approved by the Board of Directors of both NextPlat and Progressive Care. It is expected to close in the third quarter of 2024, subject to regulatory and stockholder approvals, and other customary closing conditions. Additional information may be found in the Current Reports on Form 8-K that will be subsequently filed by NextPlat and Progressive Care with the U.S. Securities and Exchange Commission.

"Over the past two years, our team has worked to better position Progressive Care for continued growth and success, the results of which can clearly been seen in its strong fiscal 2023 results. In consultation with the Board, we believe that the long-term value of Progressive Care can best be realized through a combination with NextPlat, thereby making it a wholly owned subsidiary. As a result of this business combination, we expect to quickly realize an array of valuable synergies from additional top-line growth to improved bottom-line profitability. These benefits include the ability to expand Progressive Care's consumer offerings with new OTC products such as our soon-to-be-launched Florida Sunshine brand of premium-grade vitamins and dietary supplements, and significant combined annual cost reductions resulting from the elimination of complexities and redundant public company legal and accounting expenses," said Charles M. Fernandez, Executive Chairman and CEO of NextPlat Corp. "Progressive Care's continued success provides us with great confidence it is ability to contribute positively to the value of NextPlat as we seek to further expand our access into the large personalized healthcare services marketplace."

Through a series of strategic investments in Progressive Care totalling more than $10 million conducted since August 2022, NextPlat, its Chairman and CEO, Charles M. Fernandez, board member, Rodney Barreto, and other investors, have led a successful recapitalization of Progressive Care designed to support its continued rapid growth. Effective as of July 1, 2023, NextPlat, Messrs. Fernandez and Barreto collectively owned approximately 53% of Progressive Care's voting common stock, representing a controlling interest in Progressive Care, making it a consolidated subsidiary of the Company for accounting purposes.

ArentFox Schiff LLP served as the legal advisor to NextPlat and Lucosky Brookman LLP served as legal advisor to Progressive Care in connection with the business combination.

For more information about NextPlat, please visit www.NextPlat.com and connect with us on Facebook and X (formerly Twitter).

For more information about Progressive Care Inc., please visit www.progressivecareus.com and connect with us on Facebook and Twitter.

About NextPlat Corp

NextPlat is a global e-commerce platform company created to capitalize on multiple high-growth sectors and markets including technology and healthcare. Through acquisitions, joint ventures and collaborations, the Company intends to assist businesses in selling their goods online, domestically, and internationally, allowing customers and partners to optimize their e-commerce presence and revenue. NextPlat currently operates an e-commerce communications division offering voice, data, tracking, and IoT products and services worldwide and pharmacy and healthcare data management services in the United States through its subsidiary, Progressive Care Inc. (OTCQB: RXMD).

About Progressive Care Inc.

Progressive Care Inc. (OTCQB: RXMD) through its subsidiaries, is a Florida health services organization and provider of Third-Party Administration (TPA), data management, COVID-19 related diagnostics and vaccinations, 340B contracted pharmacy services, prescription pharmaceuticals, compounded medications, provider of tele-pharmacy services, the sale of anti-retroviral medications, medication therapy management (MTM), the supply of prescription medications to long-term care facilities, and health practice risk management. Progressive Care Inc. became a subsidiary of NextPlat Corp (NASDAQ: NXPL & NXPLW) on July 1, 2023.

Forward-Looking Statements

Certain statements in this release constitute forward-looking statements. These statements include the capabilities and success of the Company's business and any of its products, services or solutions. The words "believe," "forecast," "project," "intend," "expect," "plan," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, including the Company's ability to launch additional e-commerce capabilities for physical and digital assets, transact business in crypto currencies and its ability to grow and expand as intended, any of which could cause the Company to not achieve some or all of its goals or the Company's previously reported actual results, performance (finance or operating), including those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), copies of which may be obtained from the SEC's website at www.sec.gov. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.

Media and Investor Contact for NextPlat Corp and Progressive Care Inc.:

Michael Glickman
MWGCO, Inc.
917-397-2272
mike@mwgco.net



Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/nextplat-announces-proposed-business-combination-with-progressive-care-inc-302115393.html

SOURCE NextPlat Corp.


Copyright 2024 PR Newswire

NXPL flying now in pre hours because of the RX numbers and here we sit. What happens at open to us??

Nextplat filing is out.

It’s just a repeat of the filing. Was hoping for some more clarity. This guy is really not a communicator.

is this another way to devalue the company to make it easier for Nextplat in a merger?

still not grasping it. what value went down based on what purchase?

explain the impairment please.

So 50 million in revenue and a 20 million net loss? Haven’t read the report through?
Can someone explain briefly what this is all about?

Because the s1 was cancelled therefore no need for a RS. But if they had another way of going to the Naz then that should have been communicated before doing one.
So far there has been no positive out of it a year later.
I’m not talking about the financial side of business. Strictly what has been done to shareholders up til now.

Agreed.

See if you understand this…
I buy your business by depositing my 500k into your account. I become the ceo and you become nothing. Now I take your company and merge it with mine. Now I have my money back and your company.

How do we win? I know how he does because I just watched it happen in real time.


Jmo.

Any of you phone call guys call glinkers to find out wtf is going yet?
Maybe I should have just looked up into the sun today and melted my brain.

Exactly,
And it’s only going to get better from here.

Stay away April. This is dead and will be put to greys eventually.