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RXMD Reminds me of John Denver.. Poems, Prayers & Promises - LOL!
Big Run Down? HoHoHo!
Slow Stoch Death Cross Will Lead RXMD to $0.0175..
Up $0.001 How Pathetic Does it Get? Resistance now $0.048 Lower High..
Champs, Operating profitability is Revenue less Variable Costs and is NOT the same as Net Income because it does NOT include Fixed Costs such as Rents, Utilities, Interest Expense, and other fixed expense not related to the generation of Revenue. Net cash flow gains have historically been achieved by the company's debt acquisition and selling stock in the market because its not profitable enough otherwise to internally generate it. The company is deceiving novice investors such as yourself by putting out statements such as those.
My TA: Very Bearish Candle today.. Tightened BBs indicate a decline ahead.. RSI is headed Down.. Low volume was the sign of a top yesterday and I exited.. Volume will increase on the Downside-no buyers, and I can also see a Sell on any news coming out as the stock already got pumped.. I decided to be the voice of reason against all the lies promulgated by Longs on this thread and fundies were the way to go about exposing those lies.
As I've indicated several times, I trade on technicals.. I also feel a responsibility to expose the truth about what I research on this company since most of you are just pumping for nooby $$ to buy you out at a higher price. It lacks integrity and hurts investors, and they have a right to know who is running this company, dirt and all!
They're not making a profit at all..
I can't for the life of me understand how you people can invest without being able to read financial statements!
Anyway, below is Armen's recent bonus of shares..
Armen
Karapetyan
Control
Shareholder
5,000,000 12/01/2015 Bonus
You don't get it, he's still pulling the same crap with RXMD securities and investors are paying the tab and his 'humongous commissions.'
Disciplinary Proceeding Against RXMD Officer Armen Karapetyan..
Wherein he forfeited his securities licensure and accepted permanent bar from engaging in securities activities at a broker dealer. This agreement was made after allegations of violations of various securities rules and laws..
http://disciplinaryactions.finra.org/Search/ViewDocument/32435
So much for the integrity of Arman Karapetyan, an Officer of RXMD..
"On September 28, 2012, Armen Karapetyan agreed to an offer of settlement from FINRA, an SRO, without admission of any wrongdoing to voluntarily forfeit his securities licensure and accept permanent bar from engaging in securities activities at a broker dealer. This agreement was made after allegations of violations of various securities rules and laws."
From Supplemental Information supplied on Aug 6, 2015
The Chart doesn't look good.. Expect a long red candle next!
Expansion is a heavy burden on cash flow, which the company doesn't have so toxic debt is their only recourse for expansion. They are starting way too early on such plans as their current business model is untested as a viable profit center with which to propagate upon. Increasing sales with an unprofitable business doesn't increase cash flow, especially during expansionary phases. Its fool-hearty for them to proceed at this point beyond trying to get their house in order at Store #1 first.
Based on my experience I don't see them at break-even at their current rate of sales. They verified this on the recent 10-Q..
"We have incurred an accumulated deficit of $2,991,682 through September 30, 2015. We have spent, and expect to continue to spend, substantial amounts in connection with implementing our business strategy. Based on our current plans, we believe that our current cash may not be sufficient to enable us to meet our planned operating needs."
They further went on to say..
" We do not have any committed sources of financing at this time (other than the $1,826,005 section 3(a)(10) transaction disclosed in this document) and it is uncertain whether additional funding will be available when we need it on terms that will be acceptable to us, or at all. If we raise funds by selling additional shares of common stock or other securities convertible into common stock, the ownership interest of our existing stockholders will be diluted. If we are not able to obtain financing when needed, we may be unable to carry out our business plan. As a result, we may have to significantly limit our operations and our business, financial condition and results of operations would be materially harmed."
If a company operates on cash flow that didn't come from earnings, then it could only have come one of two ways -- either through debt or the sale of its shareholders equity shares. So you like it when RXMD sells you out?
RXMD Most #1 Posted in last hour..
http://investorshub.advfn.com/boards/most_post.aspx?p=h
RXMD #3 Most Read in last hour..
http://investorshub.advfn.com/boards/most_read.aspx?p=h
So don't say I never did anything for ya.. Hahaa!
Any company that continuously loses money increases its insolvency and is a bankrupt without creditor debt. RXMD is insolvent because it doesn't make any money in its operations and also doesn't cash-flow. This is evident from them having to sell shares to pay creditors which is a last resort for any public entity. It means they don't qualify financially for loans other than Toxic Debt which destroys shareholder value and oftentimes the company itself as a result.
The market will go down between now and mid-June as that's a cycle low in the market. So my ticker is TVIX.
You don't understand what Insolvent means..
Definition for RXMD: they owe more than they own. In other words their creditors own them and they also owe their shareholders since they have negative equity. In bankruptcy, RXMD shareholders would get nothing.
Why would I pay over $0/share for a company that is insolvent except to trade on technicals short-term?
By claiming RXMD is debt-free is mis-leading to new investors, therefore lacks integrity on your part.
Both are contractual obligations, and both are liabilities. The only difference between a liability and a debt is payment terms and collateral.
Rents are period contracts they are liable for even if they don't occupy the space. Its a contractual obligation and required according to GAAP Accounting.
You do realize you lose $10,000 with that. They only transferred 25% of their liabilities with the sale of stock to Tarpon Bay. They had twice the liabilities than they had assets at Sep 30, 2015. They're still upside down on debt over assets.
You missed the post where I stated my qualifications? BBA-Accounting and MBA-Finance and self employed since 1985.
As soon as their 10-K comes out I'll bet you $10,000 in cash they still have more Debt than Assets on their books!
I watched it when it came out. I also read financials. Here is their debt structure..
Accts Payable 751,735
Derivative Liabilitiies 246,150
Debt Discount $135,053
Unearned Revenues $292,267
Deferred Rent $87,559
Note Payable-collaterized $25,000
Note Payable (rolled up in 3(a)10 Loan $527,940
Total Debt (9/30/15) $2,065,704
The 3(a)10 Loan $527,940 = just 25% of total Liabilities
THEREFORE RXMD IS NOT DEBT-FREE!
It was an honest statement, I trade the technicals. I wasn't pushing this as the King of the OTC that can do no wrong as most Longs here are doing without an ounce of Integrity!
RXMD is not debt-free, all they rolled up was a portion, and they are not cash-flow positive without selling shares of stock because they're not profitable. Learn to read a P&L and a Cash Flow statement!
To protect people from falling for the BS you people are selling.. This company doesn't do anything any different from other OTCs where selling shares is their ticket to pay the bills. Eventually it will all play out and even die hard Longs here will come to see the writing on the wall (and in the 10-Q)..
Same answers he gave 3 weeks ago - Lol!
That MACD cross was a figment of your imagination.. I was correct yesterday saying Sell!
It looked good back then, charts change.. and I trade on technicals as mentioned before..
Notice how volume rose on the selloff? Hint.. Hint..
Well Longs, that lower high should lead to a lower low.. Prep Yourself for some Pain ahead or take it out in the 4s and re-enter sub 2s for another Bunny Bounce, your choice - Lol!
Analytical breakdown on RXMD..
The company is run by a bunch of Neophytes with big dreams of riches by metastasizing a pharmacy that hasn't yet proven it can be profitable, hence they have absolutely no expertise on how to get there apart from drowning in debt, which they've proven they can't handle. It cost them over $3M to establish this pharmacy and how do you think they're going to setup another? Well, they told you in their most recent 10-Q, they're going to dilute the crap out of their shareholders:
"Current and Future Financing Needs
We have incurred an accumulated deficit of $2,991,682 through September 30, 2015. We have spent, and expect to continue to spend, substantial amounts in connection with implementing our business strategy. Based on our current plans, we believe that our current cash may not be sufficient to enable us to meet our planned operating needs.
We may need to obtain additional funds sooner or in greater amounts than we currently anticipate. Potential sources of financing include public or private sales of our shares or debt and other sources. We may seek to access the public or private equity markets when conditions are favorable due to our long-term capital requirements. If we raise funds by selling additional shares of common stock or other securities convertible into common stock, the ownership interest of our existing stockholders will be highly diluted."
Red, if a company operates without Equity they're operating with Debt instead which is other people's Equity. Debt is a 2-edge sword in that its true that with Debt, growth can be levered up but its the Creditors who call the shots and basically own the company. When things go wrong, as RXMD has proven it has a propensity to do with debt mis-management, then its the investors who pay with shares of stock (ie: their Equity) that end up paying the bills. An example of Over-leverage is why this country is losing out to emerging Nations and has undergone economic decline for 40 years. Taxpayers are so burdened with taxes to pay interest on debt, there is no equity left for business to grow and pay a living wage to workers. The US is to the point it can never handle normal rates at its level of debt as foreign creditors own us. Can you begin to see the value of Equity now?
GLTA.. just having some fun. Rule #1 is never fall in love with a stock.. Rule #A1 never fall for an OTC stock! Nite all!
I enjoyed the ride and trade OTC stocks based on technicals only as most all don't have the financial strength to execute without dilution.
Yeah, I like it too.. but the Bunny is out of juice at the top of the hill and needs some carrots, another 300M of them like they issued to Tarpon Bay - Lol!