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The shorts are being eviscerated...
Simple as that...
Carry on...
10Q can change everything...
I've been adding as well...
At least some of us suspect something big coming on the horizon for ONCI...
I'll take a little green here day by day...
Your investment strategy sucks big time...
Yep... me too...
Things can change for major green in a New York minute here...
Looking forward to the fins release.
Then we can chat about actualities....
https://seekingalpha.com/news/3365101-bravatek-updates-fy2018-revenue-guidance
Agreed Benwah...
Market cap $380,000
Revenue forecast - $30M for 2019
Outstanding shares - 15.3M
I think people have forgotten about the warrants and their exercise price. I thinking they may even use the second rs to clear out the rest of the shares and further reduce derivative liability. If anybody actually read the 10q there were two important things.
1. The warrant exercise price contains full ratchet anti dilusion provisions. (Which can still be a good trade as long as you know what your doing)
2. Gapp accounting and the reason why they are showing a loss that big.
(Derivative liabilities are large because of this but could show as a huge improvement on the debt reduction side of the company due to the fact that a lot of preffereds and noteholders converted. It says it in the filings).
By keeping these in mind, Seamus will eventually have to get the share price high enough to keep the warrant holders happy otherwise there will be major problems legally. And it makes way more sense to exercise a warrant well above its strike price since there are no discounts on warrants, only an option to buy more shares when the time comes. Since the strikes are adjusted this makes sense to combat dilution.
Their losses aren’t from operations as some think but more of an accounting loss based on the convertibles. There is still potential here! Just need to stick around to find out if it’s going to happen. I feel like this is one of those stocks that’s going to shoot to the moon when it’s looks like it’s standing in its last leg....isn’t that what the MMs wanted? No other reason to bring it down like this, manipulating the pricing to perform a major shake.
I can wait for a very long time.
Yeppers...
Progressive Care Inc. Announces Record-Breaking October 2018
Nov 16, 2018 08:00:00 (ET)
Progressive Care Inc. Announces Record-Breaking October 2018
MIAMI, Nov. 16, 2018 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTCQB: RXMD), a personalized healthcare services and technology company, today announced further growth year-over-year in revenue and record-breaking number of prescriptions filled for October 2018.
In October, the company reported a total of $1.9 million in net revenue, a 10% increase from the same month last year, and a 30% increase in prescriptions filled during the same month last year, totaling more than 31,000 prescriptions filled.
Progressive Care's wholly owned subsidiary PharmCo, LLC reported a 30% increase in prescriptions filled over the same month last year, totaling more than 28,300 prescriptions. The company's newest PharmCo facility, Touchpoint Rx (dba PharmCo Rx 1002), reported 2700 prescriptions filled during the month of October and nearly $100,000 in revenue.
"We are delighted to announce a record-breaking increase in prescriptions filled in October, which defies the trend many other pharmacies are seeing right now," said S. Parikh Mars, CEO of Progressive Care. "October also saw the noteworthy beta launch of our proprietary tele-pharmacy platform, Tele-PharmCo, which we trust will revolutionize the way pharmacies connect with patients, and we couldn't be more thrilled to begin rolling the platform out in hospital kiosks and clinics during the coming months. We are committed to making patient experiences as personalized and efficient as possible, and look forward to continue building out our technology offering through the rest of 2018 and into 2019. We trust our high standards for patient service and diverse range of services offered will lead to continued growth and many more record-breaking months to come."
For more information about Progressive Care, please visit the company's website.
Connect and stay in touch with us on social media:
Progressive Care Inc.
https://www.facebook.com/ProgressiveCareUS/
https://twitter.com/ProgressCareUS
PharmCo, LLC
https://www.facebook.com/pharmcorx/
https://twitter.com/PharmCoRx
Thank you my friend...
ONCI News by tomorrow hopefully...
So we get a Q3 sometime today then..?
Thanks Brown...
Hopefully, we get some happy news soon...
Stay safe my friend...
OK... Thank you Bearded...
Thank you kindly my friend...
Upcoming News could put us in the 20's & 30's again...
Very insightful Bids...
Thank you... Best is yet to Be...
With this 10Q a bigger and brighter picture begins to emerge. I really have to hand it to RNVA. They are setting the pace for OTC. It’s very unusual to see a company design a turnaround plan of operations that combines assets and revenues with derivatives, acquisition and spinoffs with underlying toxic lending and actually make it work.
Shareholders suffer but interestingly enough are really at the initial steps of what has a very real potential for massive gains, HOWEVER, it’s still SABBY , front and center that almost certainly will pull ever single penny, nickel, dime and dollar out of every run until they are no longer involved.
The stage is set though.
Sabby knows RNVA needs cash to offset expenses and are more than willing to exchange funding for more toxic convertible debt. RNVA continues increasing revenues while decreasing expenditures and has clearly indicated its intentions to file this year for a spinoff. RNVA outstanding shares because of the reverse split are very low.
While the RNVA creative aspects of derivatives use are at best difficult to follow, they are largely going to fuel a run in a strange twist to this saga. In short, the company is being cleaned up, the spin off will position RNVA from a value perspective and the race is on.
The unknown remains to be SABBY. How the AS is used now will be very important to shareholders. Keep an eye on that warrant exercise price but don’t be fooled since Sabby will be in there making new loans with toxic convertible debts. The spinoff is a very important piece of this puzzle since it is critical to RNVA business operations. As a separate entity the labs can become real profit centers with the companion ownership of hospitals and private physician practices. This is of course why more undervalued hospitals are very attractive to RNVA going forward.
Needless to say I will hold off developing a website
Blade... Aren't we expecting a 10Q this week..?
If it does happen it won't be for weeks...
Alot can happen between now and then including a double of the pps...
It's a possibility...
Greetings Brown...
Are we expecting a 10Q...?
ONCI: Steve Hiring new people + Initiating Marketing Campaign+ Opening new offices + closing NEW DEALS is solid proof of a successful business all of which ONCI is doing.
Thanks JL...
Chag... Was there a date for the release..?
Yep...
It's a goodie...
"NEWS! - Progressive Care Inc. Reports Best Nine-Month Revenue Period in Company History in Q3 2018 Financial Filing"...
Ben... If net income is truly 72 million doesn't this bode well for the days, weeks and months to come for the pps..?
This gonna pop big time tomorrow my friend..?
Slapping the Ask at Close works for me...
Think we'll get an after or before the bell surprise..?
Makes perfect sense...
It could all change here by Friday...
Remember it’s just thought. Granted it makes sense but what has never made sense is the companies shady dealings.
But usually I find the shadier the company, the greater the pump.
SPLI was a good one and that went from subs to .45
And that one did very shady stuff before it became VPOR. Even had a similar setup with the Big RS then a huge rally upwards.....”they” were working the boards trying to get everybody to sell with some of the same copy paste bull Ive seen here.
But again this is all based on how financing works. Infact just by looking at the chart you can tell the company has a dilution history.
Somebody even mentions ceo george from DRYS. Drys has always done this, and then 2 times in my life I could have heavily banked on it.
Eventually drys kept doing the notes and splitting and in 2007-2008 I remember owning calls on it and it shot up to trade in the $14-15 range from like .20 and stayed there for a while. Then they exercised more shares and down it went. Fast forward on drys about 9 years later and a giant short squeeze happened. From $3 to $112 in about 1 week.
Yeppers...
Also on a more positive note, being in the pink sheets can provide rnva a means of pushing this stock higher and higher and since it’s a pinky, nobody gives a dogturd about them. Some pinks runs 10000%’s and repeat the cycle and rs just to do it all over again. Some people profit very big if they are in the right place time.
Here we have a nasdaq company that fell to pink (NOT a startup pink sheet like others are trying to say)Didn’t even attempt to stay QB and yet makes over a 20mil a year in revs, with assets and such......this company doesn’t belong down here and there was a obvious reason why he’s sticking around for a little bit.
I have my hunches. And watch, if they let it go up in price, it’s going to be just as shady going up as it went down.
I like your synopsis of what's been happening here Ben...
I be holding on to see how this card game plays out...
Goat... Do you think the 10Q could turn things around..?
Anyone still expecting to see a 10Q today..? This week..?
Yeppers...
10Q is tomorrow will show huge rev gains...
Yep...
All your shares are RNVAD, divide what you had by 500, that is your new share count along with adjusted RS price. In a few weeks your shares will be posted as RNVA again...
Up 25%...
And so it begins...
Don't have private...
Gotta use RNVAD as ticker to get stats my friend...
Yep...
Slapping the Ask and locking in my shares...
I'm viewing trades on etrades marketcaster streaming...
It's all showing up there...
Currently at .024 1,980,735 tarded...
Yep...
Gonna be a goodie...
October numbers in the morning and the CC at 4:30PM EST
Agreed my friend...
It will be interesting to see how it plays out. Depends on dilution and how they plan to handle debt/financing. 15 million shares and between 2 and 3 million in revenues monthly isn't bad. But Seamus needs to build something with this now.
Nope...
Referring to next 10Q...
Could it double from here..?
It's a possibility...
Yep...
Expecting the best 10Q ever...
Hanging on for the subsequent green wave...
OTC... World of lowlifes with a very few exceptions...
Believe pps will be looking up rest of the week my friend...
OTC... World of lowlifes with a very few exceptions...
Believe pps will be looking up rest of the week my friend...
Yep...
Expecting the best 10Q ever...
Hanging on for the subsequent green wave...