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This stock/company is going upward. Revenues and sales aren't going away, they are set to increase with the new contracts coming into effect before the end of this calendar year, and with their planned expansion into other local demographic areas, it should increase even more. They haven't even stepped on the scale yet to weigh true potential here.
There are no longs selling here, and we hold the majority of shares, we see much better future and much higher price target for this stock. Your grasping at thin air here. GLTY LOL
You meet your quota for senseless and meaningless posts for the day yet?
Every long here knows who is flipping their shares and it isn't us, who have accumulated over tens of millions shares of this stock in support of this company. Not concerned about those flipping 150-300K for pocket change. Better yet, the people that are buying those shares up know what they are doing and where this is going.
Just people trying to give false impressions. People selling small amounts below the bid when they could just sell at the bid. First clue there.
Nothing but green pastures ahead to move out of OTC, debt payoff, SEC filing, double the revenues, expansion into new demographic areas. You haven't followed this company and therefore you don't know nor should you be giving any advice regarding. Not all are the same.
See that BKRT MM at $0.05 that was our debt holder for all along. It is now out of the picture, as all debt is believed to have been cleared out. Only thing ever holding this company down was the dilution to eliminate the debt. Revenues and profits from here on out.
Well I did when I saw the most recent price!
Knowing that debt is or is about to be wiped clear from this stock is a catalyst in itself. Why would anyone wait for that news to hit before taking stake here. I am the conservative debt guy and I picked up over another million shares here today.
If that was the end of Tranche 25, and we started Tranche 26, we are about 13.5 million into it already, and so we have about 8.4 million left of the 21,912,000 in Tranche 26, and then pick up the pieces in Tranche 27. I think you feel we are already dipping in Tranche 27 though. Correct?
I think you agree that that no matter what, they have to issue a 27th tranche to pay off the debt, math just doesn't work for what was issued to pay off the remaining debt. It's very likely that it has already been issued. Looking at T-trades now, it is very likely one ran out on 11/12/15 and a new one was started 11/13/15.
T-trade
10-Nov 2,036,000.00
11-Nov 1,357,983.00
12-Nov 726,850.00
13-Nov 3,990,000.00
16-Nov 2,340,000.00
17-Nov 2,927,805.00
18-Nov 4,236,000.00
I sure hope so, but I will maintain my conservative approach until we hear otherwise. Either way the debt will be smoked out of the house soon, and RXMD will be burning up the OTC at that point.
Was just going to post this same question.
Here was mine. First one filled full 500K, second one, it was partials. Like I said I set the Limit at .009 and they all filled at .0085 though, so they had opportunity to raise up if they so chose to.
Filled Buy 224250 RXMD Limit 0.0085 -- -- 10:02:34 11/19/15
Filled Buy 234250 RXMD Limit 0.0085 -- -- 10:02:33 11/19/15
Filled Buy 57500 RXMD Limit 0.0085 -- -- 10:02:23 11/19/15
Filled Buy 500000 RXMD Limit 0.0085 -- -- 09:57:04 11/19/15
That cat appears to be floating!!
BKRT moved it on up now.
Just hit him again with another 516,000 shares. Both times set the limit at .009 and they all filled at .0085
I just spanked him for 500,000, no budge off of .0085 though, all filled there.
Can anybody trace this 13,717,000 in shares liquidated from 9/16/15 - 9/30/15 to T-trades for that time frame. If so then we know where to place our hats. Thanks in advance.
16-Sep / 30-Sep
Liquidated Shs / Liquidated Shs
163,139,000.00 / 176,856,000.00
Difference of 13,717,000.00 x 0.005541=$76,000 x .25 = 57,000
Debt Unpaid / Debt Unpaid
585000 / 528000
Debt Difference of $57,000
Using 13,717,000 and $57,000 I backed my way into the other variables.
13,717,000.00 x 0.005541=$76,000 x .25 = 57,000
We had to get through Tranche 23 of 18,220,000 subsequent to 9/30/15, and then we breezed through Tranche 24 of 17,783,000 issued on October 10, 2015. I believe we are on the last leg (875K shares left) of Tranche 25 of 22,504,000 issued on October 24, 2015. And will begin pounding away on Tranche 26 of 21,912,000 issued on November 6, 2015. And since I foresee another 37 million shares necessary at this point to clear debt, I think we will need one final Tranche 27 of which we will use 15-16 million shares of to clear the debt. JMHO
I am going the T-trade only approach, our previous calc prior to last release was off, a lot of it had to do with not accounting for the 25% transaction fee and the rest had to be related to us accounting for midday trades. If you guys are spot on with your estimations then I won't be complaining, but I am just keeping the gray area covered. Paid off next week or paid off in 1st week of Dec., nobody's going to be complaining about either. I am estimating 875K shares left in this tranche, lets see what happens tomorrow with trading, even though they already have the next tranche in their hands, do they hold onto them for a few days. If so, we could see a rise in pps, and then they commence repayment at a higher rate, wouldn't that be nice.
I know I am the conservative calculation these days, but according to my calculations, if this were to become the norm t-trade, it would only take 9 trading days to completely eliminate the remaining debt ($216K) after today. Not sure if market is open Thanks Giving or not, but debt payoff day could be as early as Dec. 1. I show roughly 875K shares left in the 25th tranche, with 37 million left to trade at average pps of .0077. Holy crap we are close to the beginning of good things to come.
JMHO Love RXMD$$
I'm celebrating with a few beers tonight, if there happens to be a 5M t-trade, and in the .008's would be nice.
I should have some funds freed up tomorrow, but I don't want to honor these flippers that's for sure. Disrespectful in my opinion for those flippas that are also longs here, especially for those who know what the investors here are trying to do to help pps here.
Yah, maybe in that 3.99 territory again, and a huge chunk of debt will be adios.
Nice post, shows the true and evident potential here. Go RXMD!!
The transaction fee is always going to be present until debt is paid, only the $100K success fee has been paid in full. I estimate 40 million shares left to payoff debt, at a price of $0.008. Estimated debt left 241K. 40million x $.008 = $320K x .75 = $240K
If I happen to be 100% wrong with my estimate than I'll be ecstatic with the rest of you. If we are paying off with shares other than T-trades, then my estimate is overly conservative.
As of September 30, 2015 the company issued 195,076,000 to Tarpon Bay as part of the 3(a)(10) transaction. Of these shares 176,856,000 were liquidated resulting in $1,830,753.73 in gross proceeds. Proceeds were distributed as follows: $100,000 to Tarpon Bay as payment in full of its success fee note, $432,688.43 to Tarpon Bay for transaction fees, and $1,298,065.30 to creditors. The company has $527,939.86 in debt remaining to be satisfied pursuant to the 3(a)(10) transaction.
Go back to post 20565 and recalculate those figures taking into account 25% transaction fee. I have us at about 7,6 million or 6,7 million left in this tranche. My numbers are at my office so not sure which.
If that turns out to be conservative, then that's great, but for purposes of preparing for Octobers tarpon report, I think we better stick with it for now. I for one just wanted to make sure our debt estimates included the fee.
I am 100% certain about that commission. And it really is the sole reason we are not debt free and clear right now, or several months ago for that matter. We have paid over 500K in that alone.
I just went back to 9/30/15 source documentation and recalculated debt based on T-trades and prices provided by INSTA. I want to say we are close, but if report were to come out today on debt, I think it would be something close to 241.7K.
INSTA's previous calcs of 527K, minus 275K didn't account for the 25% transaction fee which was thought to bring us down to 252K as of 11/9.
NEW DEBT CALCULATION
9/30 Debt $527K Per 10Q
Less 10/1 - 11/9 Debt Paid $206K ($275K in t-trades x 75%)
11/9/15 Debt Outstanding $321K
Less 11/10-11/17 Debt Paid $79.3K ($105.8K in t-trades x 75%)
11/17 Debt Outstanding $241.7K
I was really hoping it would be less, but I would rather have a good idea of where it is really is come next 3(a)(10) update, as opposed to being completely surprised by a different figure.
If we averaged $13.2K debt paid per day like we have over the last 6 days, I estimate we would be debt free in 18 trading days.
So that's roughly another $17.6K paid towards the debt. Oh yah!! If this were to remain consistent through end of next week then that would be another $140K of debt paid off in the next 8 days. That would also have to be another 23.4 million in shares sold, which supports the need for one more tranche of shares. So we may have a day or two of no T-trades next week like normal when tranche of shares are sold in full, and a chance to increase the price. Anybody know how many shares are estimated to be left in the tranche we are working on now.
I agree with Chugit. I think there will have to be another tranche, but I don't think it will require the full amount of shares. Regardless we are close and the debt is disappearing really fast.
I think it means AVX/ dropped from $14.87 to like $3.60 in 5 days. My best guess anyway.
So that is what is left in the most recent tranche of shares already handed out! Traded at .008 that would be $112K in debt funds less 25% transaction fee for a total of $84K that could be potentially paid towards debt. Wipe that out and another tranche and we should be ripe. GO RXMD
Any chance you add a debt update for the board. Please
Not that we have a good handle on it, I think the updating week by week would be good again.
So by my calculations that would be $31.6K, but have to subtract 25% for transaction fee, so $23.7K. Very nice day IMO GO RXMD$$
Are you saying BKRT slaps are going towards paying down debt? I thought we determined that wasn't the case. Otherwise surely we would be close to debt payoff, as much as it was slapped over the past month. I just want to make sure the new calc remains constant. GO RXMD$$
Exactly why would we be investing in something that is already at its peak, we can see where the fundamentals are heading and that's how we plan to make our money on this one.
Why don't you mention that is reduced by 1.23 million from just 3 quarters ago, and that total assets are 1.45 million and that notes payable went from 2.1 million to .5 million all in that same time frame. Post only the negatives, who you trying to fool here? Wrong board, everybody know what you know and then some about RXMD.
You left off, sales, revenues, contracts, profits!! Oh that's right because the majority of those others don't have that.
Do we even know what BKRT is anymore? If only T-trades are Tarpon then what is BKRT throughout the day?