Working... Skillz to pay the Billz
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LOL... Soylent Green, classic film Turbo.
On behalf or Harry and Lloyd, who have been correct about shady Fernandez, and cannot be present for this evening's ceremonies, we graciously accept the apology. 😉 No worries JMCK, Fernandez has proven he is as shady as they come.
"We'd like to thank the Academy, the Lord Jesus Christ and all the rose colored glasses long term shareholders for your beliefs that Fernandez should have done the right thing, instead of screwing over investors." 🤬
That is a valid point. Fernandez needs to start from square one to regain investors trust that he shattered when he became CEO of RXMD and executed that aggressive 200:1 RS on the last trading day of the year.
He couldn't simultaneously run two companies successfully, so maybe he'll do better with just the responsibility of a single one now. It's all just a guessing game now until he decides to formally address shareholders with an actual conference call as opposed to just issuing PRs each quarter.
Fernandez better plan on pulling a golden goose outta his sombrero. No institutional investments firms will even consider looking at a NASDAQ stock with a 52 week average of about $1.25, even after the merger with RXMD financials in the mix. They been sitting on a boatload of cash for two years and nothing to show for it, other than the accrued interest.
He needs to get the PPS upwards to a minimum of $5 or more to attract an investment community larger than retail and short sellers. IMO
I believe this is why an RS post-merger cannot be completley ruled out. He did it when RXMD was trading at a much higher valuation than NXPL, so who's to say he won't play the sneaky RS card again in the future?
Agreed, Fernandez killed all the potential RXMD had pre split. Stock was moving organically on quarterly revenues and growing consistently. He's been the worst CEO since RXMD went public, then stole the company for a fraction of its market cap. Stacy Keach from "American Greed" may be reporting on this downfall someday. 🤔
Welcome SP, ticker RYCEF. Best of luck. Another good and steady one is Oxford Land Capital (OXLC) they pays a regular monthly dividend of 9 cents. (27 cents each quarter) and its fairly priced around $5 bucks.
StayPuff, take a look at Rolls Royce Holding Corp, Im up over 100% on that position this year. Been climbing quite consistently all year.
Also, the canna stocks are gaining momentum as deregulation and banking rules in the industry are expected to change in benefit of those companies.
Good luck SP.
70k of short interest volume over the past two days. Price dropped after hours & some still need to cover.
Likely heading south towards a buck again this week.
Frosted Flakes has left the building. Dollars to donuts that was Fernandez being Fernandez. 🤔
That's exactly what I plan to do, I picked up 5k shares at 99 cents last week when we had 5m in volume. Easy flippin, easy money!! 🤑🤑
Thanks for posting Armen's comments MrMike. From the moment he became the CEO I never has a good feeling about Fernandez. Most here vehemently disagreed with my assement of Fernandez's poor management practices and on liquidating my position in RXMD.
Yet here we are 2 years after I coined him "Fernandez the Flop " and he still deserves that moniker. He's done absolutely NOTHING to increase shareholder value. I also agree with Armen that NXPL will inevitably have to execute an RS to attract institutional investors because none of the large investment firms are going to invest big money into a $1 or $2 NASDAQ stock, in my opinion.
NXPL has underperformed for quite some time now. One quarter of revenue from RXMD is equivalent to a full year of NXPL revenue. #FACTS
Agreed 100% ... absolutely a no-brainer JMCK. Nothing Fernandez has done leans towards common sense. Why piss away 50 grand that could be paying someone's salary or applied to the mortgage interest payments. SMH with this anti-hero CEO.
Like my late Grandpa used to tell me, "Remember sonny, common sense is not that common at all!" 😉
One has to wonder why any sensible/savy businessman would continue paying this down @ 4% interest when they are sitting on millions of dollars in cash? Six years of interest on the full PPP amount would equate to approximately $50k. Seems rather wasteful, imo.
Fernandez the Flop isn't that smart I suppose?
Great question VP. The pandemic ended over 2 years ago and it's the first time we are seeing this number reported.
Impairment losses and now another $200k mysteriously appears in a PDF footnote.
Some very shady accounting happening with Fernandez at the helm.🤔 imo
Well said JMCK. In hindsight staying with FIFE and continuing to pay down that note as the company grew organically would have been the better business decision for shareholders and insiders alike.
Armen's must now regret his decision to make a deal with the shady duo of Baretto and Fernandez.
👍 appreciate the response CM. hopefully there's a bigger plan at foot after the merger.
However, for some stakeholders Fernandez has already damaged his own reputation by not communicating with shareholders and allowing both companies to a suffer dramatic share price reduction of over 65% under his carefree method of leadership.
So much cash on hand to have stared a buy back program, yet he didn't act accordingly. Burying his head in sand while it occured was not the action I expected from a CEO with many past successes under his belt.
Who's to say he won't do something shady again after the merger? 🤔
FWIW, that's my two cents. Never trusted Fernandez and find it even harder to do so moving forward. Just want my 1 to 1.48 ratio of shares after merger so I can cash out.
Any sort of a comprehensive response from Glickman, or just more boiler plate lip service, per usual?
Agreed, the business (RXMD) itself is doing well. However, his poor leadership and lack of effective communication has dropped RXMD share value by 75% and NXPL by 64% since last year.
That's just awful for someone who claimed to be the "Wizard of M & A" His past successes have not been reflected on this deal with RXMD. imo
FYI: Aggregate Short Volume yesterday was 874k, approx 20% of the days trade volume. That is the highest number I have seen all year for NXPL.
Fernandez has hosed both RXMD and NXPL shareholders big time.
Looking like NXPL is going to close just shy of a buck in after hours trading.
Gather the prayer circle Fernandez!! 🙏
My suspicion is that he probably knew delisting was probable, based on how NXPL has been trading in 2024; hence why I believe he denied renewing Armen's contract and stole RXMD for a fraction of its true market value.
RXMD became Fernandez's sacrificial lamb to save NXPL from being delisted or needing a reverse split to remain NASDAQ compliant. I suspected this months ago and now it does appear to be the reality. 🤔
Dang! They apparently don't want the retail investors to hear his opinion about Fernandez's reindeer games from the company's founder/insider.
Rangel brought a knife to a gun fight. Armen has to be annoyed by how disrespectful this new management has become to himself and long term shareholders.
Ole Chucky's got alot of 'splaining to do.
I suspect there was a lot of short buying on this morning's 30% pop. A new 52 week low has printed under $1.00
Curious to see what short interest report will look after closing bell today. 🤔 The sharp rise followed by the crash back down to previous day's closing price leads me to believe it was a typical short buying and selling scenario.
YIKES, in regards to the PM. Fernandez has absolutely no integrity.... and has failed to meet his fiduciary duties as CEO.
Hope an RXMD class action gains some momentum. I'm on board when it does.
Now we know why there hasn't been any earnings conference calls under his leadership; he wouldn't have had a valid answer to the difficult questions many shareholders would have submitted.
Fernandez praying it stays above $1.00 prior to merger, otherwise NASDAQ compliance department will come a knocking soon.
The higher the PPS becomes here, the more he has to pay to RXMD stakeholders for each share when the merger happens.
Seems too ironic to me that RXMD and NXPL have been trading near that 1.48 conversion ratio since the S4 was filed. One has to wonder whose manipulating the PPS to keep it in that range.... could the MMs be holding it steady? 🤔 Odd behavior IMO
Fernandez playing the "smoke and mirrors" card, Gedi. The only reason they can report an increase in revenues of 474% is because 90% of that number is the $13.5m from RXMD operations. I'm sure folks realize its not soley based on NXPLs performance.
NXPL only reported $3.5m for the quarter, that's not so great actually. Looks like the PPS is back down to $1.10 now. However, that volume is unprecedented for NXPL.
Fernandez knows the game all too well apparently. Essentially he and Barreto have a monopoly on voting shares and this Proxy is simply a formality. Shareholder votes will not affect the outcome either way.🤬
I'm actually surprised that there isn't some sort of checks and balances in place at the SEC that ensures a proxy vote can go either way, despite who holds the largest pool of voting shares. Reminds me of a popular vote vs an electoral college voting system.
American Greed at it's finest here.
Fernandez stole RXMD from Armen after the the founder spent so many years growing the company. When I first invested RXMD had about a $9m market cap. Armen and Shital grew the company to just about $38m before she left. Then in comes Fernandez two years ago and has literally stolen the company from Armen at 25% of its true market value/yearly revenue generated. Shameful CEO behavior IMO.
Vote No and stick it to Fernandez as he did to RXMD shareholders with that RS follwed by a two year vow of silence treatment.
Wonder how many NO votes it would take from current shareholders to get this merger denied. 🤔
That came totally out of left field, huh? What in tar-nation is that fella tawkin' about?
Worst case scenario is we all get .48 cents on the dollar for every share of NXPL converted from the merger.
Would be nice to see NXPL pps increase prior to merger as opposed to hovering around $1.00 all this week. 🤔
I agree JMCK. Knowing it's now been confirmed in writting that we will get just shy of .50 cents on the dollar is the reason I grabbed more at these levels. It's essentially free money once merger is aporoved.
I also agree that it's perplexing that more buying of RXMD Isn't occurring. It certainly defies logic, in my opinion.
I knew this was worth holding long term, despite the roller coaster price action earlier this year.
Very nice rise in PPS today on solid news. Great job by Aurora Canna on becoming cash positive.
Rightfully so! Thanks again bud.
Thanks Gedi. However, I believe that woild have been performed prior to the S4 being filed. Did Armen imply otherwise?
Yes, i know that from the confirmation you wrote earlier which another poster mentioned that last month.
Please PM what you discussed. Thanks Gedi.
Please share, want to know if I should sell what I acquired if Armen left. He was a big part of why I stayed here, despite Fernandez being so quiet.
Both stock prices are sitting exactly where Fernandez wanted them for the merger.
Coincidence? I am overly skeptical of this CEO, since he hasn't demonstrated any meaningful communication after nearly two years on the job; but the current ratio seems much too coincidental to me. Thoughts? 🤔
RXMD now at $1.49 to each share of NXPL hovering around $1.00
Why? When you are promised 1.48 shares of NXPL for each RXMD share after the merger? Fernandez is giving you 48 cents on the dollar.... no brainer; RXMD is a better buy when it dips I buy IMO.
Smart man! 👍 i got greedy and took some $1.48s to flip back to Fernandez's highway robbery of a market valuation on this merger.
He stole RXMD from Armen for a $10mill valuation when company revenues last quarter was over $14mill. Fernandez is a crook, but money can still be made here flippin.
Someone keeps avoiding the difficult questions and it's not Gregory Mitchell. I received my HoneyComb payment from Greg on time, everytime. Not worried, increased volume always precedes price movements toward the upside.
When the acquisition/merger is executed let's how the story is spun then, shall we?
Good luck Turbo. Yup, lights went down alright, shady CEO continues to keep shareholders in the dark.
Fernandez already pulled the rug out from under shareholders feet with that sneaky last calendar day RS in 2022, curtain call seems to be coming next. The SEC should see through his shifty scam. If everything was on the up & up, the S-4 wouldn't require amendments IMO
After two years of dangling carrots from a non communicative CEO, the board should fire him for such poor performance.
Remember when he tried to attract new investors at Dawson James Conference? Share price has been down hill ever since.
My bad, fat fingers.... was $1.66, MMs broke it up into multiple blocks of 100 shares. Didn't look at tape until now.
Don't be such a hater Gedi, when I saw my alert for $1.25 or lower I threw up a buy for 2k but only got 1700.
Sorry you're still in the red, this is only good for flippin now. Two years of Silent Fernandez screwed all long term stakeholders.