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Go right ahead and buy the bill of goods they're selling to you.. its not coming out of my pocket, but it will yours - Lol!
Yeah, its just like selling stock and diluting investors. Each partner gives up value to obtain what they want. NOTHING IS FREE! And this lone pharmacy that can't seem to handle their debt aside from having investors pay the bills for them, so you're expecting they can finance expansion? They have NO EQUITY! They also have NO NET INCOME! They're simply in NO POSITION TO EXPAND without being profitable.. Their business plan so far DOESN'T EVEN MAKE SENSE, why should they expand an UNPROFITABLE BUSINESS?
One pharmacy put them at a $3M deficit, you think $200K is going to finance multiple locations? LMFAO Nooby, Bwahajaaa!
They didn't eliminate their debt, their investors paid it off for them. And they did it so they could do it again with expansion plans. They can't borrow the funds since they're not profitable so they're at the mercy of TOXIC FINANCING, otherwise known as convertibles and outright sales of stock on the market just like they did last year when the pps went to $0.005..
Put this DD in your Pipe & Smoke it..
From RXMD 3Q-2015 10-Q Financials
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.
You can at least thank me for putting RXMD on the 1 HR Buzz Cloud in big green letters - LOL!
And where was it before the last runup? .005 then the tarpon to .005 from .05 and now back up to that recent resistance and another pullback, now the lower top at the Bunny Hill and ready to roll over hard again.. jmho
Stock ran up on anticipation of all that, its old news.. the tarpin, the increase in sales, etc. Technically, the stock is tired as indicated by the divergences on the chart indicators and the pitifully declining volume. My guess is you get a "sell on news" here.
Not arguing fundamentals, just technicals. I will buy back much lower..
RXMD at .0225 is still an uptrend from .005.. Greed is an ugly sister!
And you'll be riding the RXMD slope of hope down to .0225..
Volume on the upside is gone, downside volume ahead.. Markets peaking!
Bearish Engulfing Candle today and RSI Divergence.. HoHoHo!
The Bunny Hill Bounce is over.. .03s Again Tomorrow!
150K were dumped today .0472 to.0462..
Its a chart thing with me.. Support is at .0225 for next buy-in.
I dumped at .0472 before I posted.. Thanks for the $$ and Seeya next time!
Today was a lower high.. run could be over, best chance to EXIT is Today, jmho.
Looks like the next leg up is underway.. BOOYA!
News..Progressive Care, Inc. (RXMD), through its subsidiary PharmCo, LLC, provides prescription pharmaceuticals specializing in health practice risk management, compounded medications, the sale of anti-retroviral medications and related medication therapy management, and the supply of prescription medications to long term care facilities. The company reported more than $1.1 million in revenues in February 2016, representing an increase of 18% over the performance in February 2015. PharmCo has delivered a strong performance over January and February this year, despite the first 2 months of the year being the "deductible season," during which most deductibles are in effect before insurance benefits are paid to providers.
http://finance.yahoo.com/news/why-healthcare-investors-forget-drug-172500799.html
When I bot RXMD I figured it would be a 1-3 year holding and the shares were so cheap I just tucked it away and forgot it. Then I began adding during the run on dips. At $15K its still just 1% of my portfolio and I can see this headed for the big boards in no time at over $5 a share with their plans.. so its just not worth selling below potential from my viewpoint.
Relax.. Upcoming Earnings on RXMD should get the juices flowing
RXMD on the Launch Pad!
RXMD is the Energizer Bunny stock.. it just keeps on hopping!
RXMD Primed for Breakout..
Shorts are the gas in the tank once RXMD passes 054..
Once RXMD Passes .054 (HOD) she should be off and running. Stock is in a 3rd wave and usually there will be a strong gap-up during the middle of the 3rd wave up. I think we'll see that soon..
Good Support Being Built Today at Prior Resistance..
Great Action Today on RXMD! Added at the Dip..
They also represented the company as a Nasdaq listing..
I read it and wondered what biotechnology they were into LOL!
No Resistance Here on RXMD
Very Bullish!
http://www.stockta.com/cgi-bin/analysis.pl?symb=RXMD&cobrand=&mode=stock
S-3 is for commission purposes only-no new shares..
Per Company 8k (in simple English):
The company sold 1369864 shares and warrants representing another 410969 shares for a total of 1780833 shares for $5 million. NOW, HERE'S TRICKY PART: in selling the shares, the company basically told the investors that they had from July 1, 2015 through July 9 2015 to lower the purchase price of the units/shares. So, the company deposited 8630137 shares in escrow to be used in offsetting any "reset" shares. If the investors are able to drive the share price down, the reset price would be equal to 85% of the arithmetic avg of the three LVWA prices of the stock. Right now, the three lowest prices are $1.64, $1.68 and $1.88, with a reset price of $1.47. If we don't achieve any more numbers lower than these, the investors will be getting 1620528 in additional reset shares. That would be a total of 3401361 shares. After that, RGSE will have a total of 10325203 shares (shares prior 6923843 plus 3401361). Note that this number assumes that we don't hit any more lows.
Wunderlich Sec Downgrades BPZ but Target is $3/Shr, LOL!
http://finance.yahoo.com/news/wunderlich-securities-downgrades-bpz-resources-143903082.html
UFB!
Just for fun since book is $0.77, I went ahead and doubled down.. Hard to believe the company is worth zero, anyway at these prices its all play $$.
I Threw Some Pennies at BPZ Today..
Kind of a no-brainer play here, will be interesting to see how it rolls.
FREE Reverse Split & 3X Authorized Shares
3. To grant discretionary authority to the Company’s board of directors to (A) amend the Amended and Restated Articles of Incorporation of the Company to
effect one or more consolidations of the issued and outstanding shares of common stock, pursuant to which the shares of common stock would be combined
and reclassified into one share of common stock ratios within the range from 1-for-2 up to 1-for-10 (the “Reverse Stock Split”) and (B) determine whether to
arrange for the disposition of fractional interests by shareholder entitled thereto, to pay in cash the fair value of fractions of a share of common stock as of the
time when those entitled to receive such fractions are determined, or to entitle shareholder to receive from the Company’s transfer agent, in lieu of any
fractional share, the number of shares of common stock rounded up to the next whole number, provided that, (X) that the Company shall not effect Reverse
Stock Splits that, in the aggregate, exceeds 1-for-15, and (Y) any Reverse Stock Split is completed no later than the first anniversary of the date of the Annual
Meeting;
4. To approve an amendment to the Amended and Restated Articles of Incorporation of the Company to increase the Company’s authorized shares of common
stock from 250,000,000 to 750,000,000; and
FREE Breaking out..