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Outside of that though, the company is the same as it was before. Same horrible CEO, same business plan
He will still have control is he has over half the OS in his pocket.
I agree With him. There is nothing in this S1 to get excited about…
They will still have voting power if they own over 50% of the common shares…. Depends on what they convert them for
I’m also not seeing anything in here that needed to remain a secret for the last 12 months? Anyone else?
It says they came to an agreement to “exchange this for common shares once this offering closes”. So does that mean he is going got get another 300 million shares? So are we going to possibly max out the billion AS count and then reverse split from there?
Until this changes….nothing changes
Our Series A Preferred Stock entitles the holder of such shares to a supermajority voting on all matters submitted to a stockholder vote.
The Yelena Braslavskaya 2020 Gift Trust (the “Trust”) is the owner of all outstanding shares of our Series A Preferred Stock, which entitles the holder to vote on all matters submitted or required to be submitted to a vote of the stockholders. Through its ownership of the Series A Preferred Stock, the Trust has voting power equal to 50.99% of the total voting power of all issued and outstanding voting capital of the Company. Due to such disproportionate voting power, new investors may not be able to effect a change in our business or management, and therefore, stockholders would have limited recourse as a result of decisions made by management. Moreover, this Series A Preferred Stock ownership may discourage a potential acquirer from making a tender offer or otherwise attempting to obtain control of us, which in turn could reduce our stock price or prevent our stockholders from realizing a premium over our stock price.
Well yeah Ofcourse they have been diluting for debt. I’m just saying this offering is going to 200 million more shares of dilution. If price drops will be even more..
So it looks like at best case we are selling another 200 million shares? So another 40% dilution?
I’m in Texas. Pretty close to as bad as Florida got
Ah. Fair enough
They have only had two years to get it right…. They damn sure better have it right by now or we should be able to vote them all out
I’ve moved past that excuse. My company does 2.5x the rev of rxmd and we have had zero issues because of pandemic, other than people not wanting to work.
If it’s taking the attorney and banker this long, they should be replaced…
I’m sure they do but two months to answer one question?
So how long has it been since they said they had answered the “one question” the SEC had on their uplist?
Wish we had some talent that could take this company to the next level
Net loss though….
Exactly my feeling as well
Yes, but why don’t we get to $50 million before we talk about $1 billion? Or hey how about even $100 million
Lol. I’m sure medical mushrooms and MDMA will be coming in a PR soon…. I would like a reminder that they are even still operating
And it has crashed….smh
The pharmacy they bought that supposedly delayed the S1 was a “profitable company”…. Not so much anymore
Nothing at all
When did they post a net profit?
The business can make money if Armen lets it. I know A lot of people that own speciality pharmacies and they make plenty of money…
We hope something is. We certainly do not know
I’m Not happy with what is goin from at this company, with this stock right now. But let’s call a spade a spade. If you go onto the otc boards and post that the stock is going to crash and then never come back if you are wrong, but show up later if you are right and pretend to be smart… that’s not being correct. That’s playing the odds. 99% of otc tickets will crash at some point
Sadly I’m not surprised with anything with this junk anymore
Sadly we have been waiting 11 months…
That’s good!
The business fundamentals are ok but not great. Outside of 340B their growth is nonexistent anymore
I do…. They banned anyone who wasn’t just a cheerleader on there
I think Some don’t understand the quiet period and I think Others just think it’s BS and we aren’t in one. If S1 was public it would be accessible and people would believe…on the other hand, it would also show their hand
Don’t think so. Think just more people think Armen is full of crap
Forecasts and goals are not the same thing
No but since when does any company’s stock price actually reflect a business. You have companies trading at 150x revenue that lose billions a year. You have companies that make billions and are growing, trading at 5x their PE. Nothing makes sense in the market anymore. RXMD mainly trades where it is because of the fact that they don’t make any money and that their core business isn’t growing much anymore. The S1 pumped it up for a while and then after close to a year of zero happening of any significance, here we are back on the low 3’s and possibly moving into the 2’s.
I think The S-1 def matters. When you tell Investors You submitted it and are in a quiet period for a year, it def matters. If it doesn’t go through this will be back to .01….
So what makes you say it’s a scam?
He’s been here for 6 year and started under a penny, so….