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RXMD was $0.0016 back in Dec-2014 and $0.0048 back in Oct-2015
It already "took off" from $0.0015 to $0.054, that was the run..
0.0314 here we come.. like a hot knife thru butter thru the 20MA!
RXMD looks more like a cooked goose to me..
Promotions paid by shares are what Kings of the OTC do.. RXMD is certainly no exception - LOL!
Time & Sales.. End of trading day -
16:00:19 0.038 75872 OTO
15:59:53 0.038 10000 OTO
15:58:59 0.0421 500 OTO
15:58:31 0.039 3000 OTO
15:58:27 0.039 2004 OTO
15:58:27 0.039 10000 OTO
15:58:27 0.0389 1400 OTO
15:58:27 0.0389 1300 OTO
15:58:27 0.039 3600 OTO
15:58:27 0.039 5700 OTO
15:58:26 0.039 65950 OTO
15:58:23 0.0391 15625 OTO
15:58:23 0.039 38800 OTO
15:58:22 0.04 33300 OTO
15:58:20 0.042 13900 OTO
15:58:20 0.0418 110000 OTO
I normally don't hang out on the OTC..
A 144 restriction can be lifted in 3 minutes with the issuer's transfer agent, its done all the time.
That is all history now. Their April promotion indicated the company would be paid in shares of stock.
And 2s will follow, then 1s.. Dilution Pollution = King of the OTC!
April falls in Q2.. Jan-Mar = Q1..
I said I was thinking about it if this triangle was a 4th wave I was going to cover at the MA, but it sliced thru just like a hot knife thru butter.. Que that the triangle wasn't a 4th but a new bear move.
Then again you won't know the truth until the Q2-2016 comes out..
Not me man, I'm just basking in my short profits. Looks like it was compliments of your 'King of the OTC' paying off promoters in stock though. Btw, RXMD lost support at the 50MA.. Bad Omen!
Yada, yada.. Truth is all that Penny Publicity costs RXMD lots of shares, and they got Dumped on you!
Well longs, the triangle broke down to the Dark Side!
They're all pos, I trade the technicals. My short is up..
You might have a point.. Looks like a 4th wave triangle, will wait for the (e) wave around 0.039 to cover then I might go long this pos.
Looks like a Sell on News, Stock is Overpriced..
Denial ain't just a river in Egypt..
Closed in the 3s Longs.. Whoah!
And the RXMD 3(a)(10) was full of their unpaid bills.. Duh!
RXMD revenues couldn't pay the bills as they had to sell 310,974,701 shares just to pay the bills in 2015! Your eyes are Wide Shut man!
RXMD is going right back to 0.005.. Dilution will again kick up with expansion plans as company has no source of financing, they're unprofitable, and spent over $3M just getting one pharmacy up and running, headed by Arman who lost his FINRA licenses due to deceitful dealings.
Looks like you Breakout was the Dead Cat Bouncing Again..
Might just be Brutal for Longs.. HoHoHo!
No they didn't pay cash for the dispensing machine. They're taking on a retail credit note with monthly payments - read the 10-K for details. As for financing for growth, fine and dandy but that's not what RXMD does because they can't get any credit with their poor financials so they sell stock (dilution) to pay all their bills. Now they want to sell lots more so they can expand their money-losing pharmacy, and want you the shareholder to pay for it. Also, they're not debt-free by any stretch, they have more debt than assets - again look at their 10-K financials. And in their 10-K they definitely say they WILL Sell Shares to finance expansion, in no uncertain terms, so anything else you see is Lies!
If they coulda they woulda.. No equity in this OTC to finance.
One can NEVER LOSE shorting an OTC stock.. Remember that, most people LOSE going long the OTC because these companies depend on your equity to finance their spending.
Expansion = Heavy Dilution.. they have no financing, Duh! Its there only source of capital..
I posted when I sold in the range of $.0462 - $.0472
And now I'm making $$ on the Downside!
Its bankrupt.. more liabilities than assets, they lack available credit lines, and they've lost $3.5M to-date and want to propagate their money losing business by diluting their shareholders by selling shares.
RXMD Will Bleed all the way back to half a cent..
And how is RXMD going to expand its operation without DILUTING?
The returned shares are a mere 3.5% of total O/S. They increased (ie: diluted) their shares by 310,974,701 in 2015 alone! That's $12.4 Million of your RXMD investment dude!
Longs said the same thing expecting a good 10-K and it stunk.. Nothing but losses and dilution with this 'King of the OTC'!
Ya, its all in their 10-K filings..
My short is in the green bud..
Better watch the volume as it accelerates to the downside.. DILUTION!