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SPAC Guide by ClearThink Capital
ClearThink Capital’s experience and expertise in SPACs spans thirty years and numerous transactions.
https://spac.guide/
https://clearthink.capital/all-resources/
ClearThink and its principals have advised multiple sponsor teams and potential sponsor teams through the labyrinth of decisions, regulations, structures, and professionals, as well as represent target companies in executing their business combinations with SPACs.
WHAT WE DO
ClearThink Capital offers advisory services to both Sponsor Groups or those looking to form a sponsor group, and companies seeking to merge with a SPAC.
Charles and Rodney did not think this way when they put their millions of dollars in this one.
ClearThink Capital is Progressive Care's Investment Bank
https://www.otcmarkets.com/stock/RXMD/profile
Progressive Care Engages ClearThink to Lead Expanded Investor Relations Program
https://www.yahoo.com/now/progressive-care-engages-clearthink-lead-120000342.html
ClearThink Capital posted this just a month ago:
Why OTC Companies Should Consider SPAC Mergers
Raise Capital and Move to Nasdaq or NYSE
https://clearthink.capital/why-otc-companies-should-consider-spac-mergers/
https://www.linkedin.com/posts/aribrown_why-otc-companies-should-consider-spac-mergers-activity-6971133677086855168-dScE/
"Qualified companies are merging with Nasdaq and NYSE SPACs as an alternative to traditional public offerings. Many OTC companies are frustrated by the lack of market makers in the OTC market and resulting low trading volume and valuations. OTC companies can leverage SPAC mergers as an alternative to uplisting."
Come on. That's not how SPAC works. There's plenty of information to learn before posting like that. Start from here please.
https://shandaconsult.com/spacs/what-is-a-spac/
Look at this, guys, look at this. SPAC Consultants also posted the NextPlat/Progressive deal on their Linkedin. Their Linkedin posts are ALL STRICTLY SPAC NEWS! What else can I say? The insider people on the Street all have known Progressive Care will be listed on Nasdaq through a SPAC. Who will be the $200M SPAC sponsor for Progressive Care that is currently listed on Nasdaq at about $10?
https://www.linkedin.com/company/spacconsultants/posts/?feedView=all
This piece was a surprise to me too. I literally went through ALL of their previous news on SPAC Consultants. Every single one was about some kind of SPAC activity. Just this Progressive Care/NextPlat news is the special one. You have to think they only pick their news based on their SPAC criteria. They have some ties with Ellenoff though.
The 13D also says "to further fund ... the development and sale of new health, fitness, and beauty products."
What kind of health and beauty products are NEW to Progressive Care? Remember Progressive Care's ambitious business plans on CBD products? Will they revive this product line?
The Best New CBD Skincare Products Of 2021 (So Far)
https://www.forbes.com/sites/katieshapiro/2021/08/24/the-best-new-cbd-skincare-products-of-2021-so-far/?sh=60eca52e7f23
In Progressive Care's S-13D filing, the Item 4, Purpose of Transaction says:
"the Reporting Persons (Charles Fernandez and Rodney Barreto) believe that a strategic investment by NextPlat in the Issuer (Progressive Care) represents substantial business opportunities for the Issuer (Progressive Care) and for NextPlat with the promise of increasing the market value of both the Issuer’s (Progressive Care's) securities and NextPlat’s securities. "
In plain English, "with the promise of increasing stock price of both RXMD and NXPL". These words were filed in S-13D.
https://www.sec.gov/Archives/edgar/data/1402945/000149315222025410/form13d.htm
Nextplat's $7M news was posted on SPAC Consultants. Actually ALL the news posted on SPAC Consultants are SPAC related. Do the search for yourself.
https://spacconsultants.com/nextplat-invests-7-million-in-recapitalization-of-progressive-care-inc/
https://spacconsultants.com/daily-spac-news/3/
Why would SPAC Consultants include Progressive Care/Nextplat deal in their SPAC news feed? Read my previous post on Ellenoff.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170184565
SPAC Consultants is is an A to Z one-stop solution specialised in structuring and setting up Special-Purpose Acquisition Companies. Together with its international team and associates, being among the heavy weights of the SPAC Space, SPAC Consultants professionally advises on and structures SPACs, taking them to successful IPO, mainly at NASDAQ and NYSE. Ellenoff (copied on Progressive Care's S-1) is one of their most quoted SPAC experts.
https://spacconsultants.com/
SPAC Consultants is a division of Shanda Consult Ltd. We are renown for our expertise SPAC Advisory and Setup Services, Business Consulting and Establishment, Relocation of companies, Localisation Services for cross-border business investments, Joint Venture partner search and facilitation, Stakeholder Communication, Intercultural Communication coaching, bridge-building workshops and seminars. We assist clients from the Middle East, Europe and the US.
https://shandaconsult.com/
After reviewing the original employment agreements with all of the executives filed in S-1, I'm more convinced Jay (CEO) and Birute (COO) will step down soon.
Page 71-72
https://www.sec.gov/Archives/edgar/data/1402945/000149315222010672/forms-1a.htm
The details of all these employments (CEO, COO, CFO, Armen and Carlos) are listed in Exhibits in Item 16, page II-5. Interestingly, all of them have not been filed with the most recent S-1A , and will be filed by future Amendments. (See the bottom notes on that page).
Employment Agreement by and between Alan Jay Weisberg and the Company dated as of November 22, 2021
Mr. Weisberg will receive options to purchase up to fourteen million one hundred thousand (14,100,000) shares upon a qualified offering pursuant to the provisions of an option agreement and up to fifteen million (15,000,000) restricted stock units pursuant to the provisions of a restricted stock unit agreement.
Employment Agreement by and between Birute Norkute and the Company dated as of November 22, 2021
Mrs. Norkute will receive options to purchase up to five million (5,000,000) shares upon a qualified offering pursuant to the provisions of an option agreement and up to five million (5,000,000) restricted stock units pursuant to the provisions of a restricted stock unit agreement.
Employment Agreement by and between Armen Karapetyan and the Company dated as of November 22, 2021
Mr. Karapetyan will receive options to purchase up to fourteen million one hundred thousand (14,100,000) shares upon a qualified offering pursuant to the provisions of an option agreement and up to fifteen million (15,000,000) restricted stock units pursuant to the provisions of a restricted stock unit agreement.
The CFO, Cecile Munnik, and Carlos Rangel do not have RSU options in their employment agreements.
Although we do not have the details of their Restricted Stock Units agreements, but it is very common practice that employees can only be eligible for such bonus if they are employed. No that the new 8-K announced both CEO and COO's RSU's became vested immediately. This only happens when there will be changes to their employment status.
https://www.sec.gov/Archives/edgar/data/1402945/000149315222028372/ex10-3.htm
However, Armen's RSU terms are NOT changing. Why? Because he is NOT leaving. He will still work with the new owners as General Manager and Director of Business Development and Marketing of the Company, at least for now.
Just read Progressive Care's S-1A again. On page 70: "On September 22, 2020, we entered into a severance agreement with Ms. Mars, pursuant to which we agreed to pay Ms. Mars a severance amount of $100,000, plus up to $10,000 for outplacement employment services and under which Ms. Mars released us from all claims, known or unknown, arising from her employment."
This clearly means Shital Mars was let go instead of leaving on herself pursing other opportunities. Otherwise she would not have been paid a severance package. It's time for a Real NEW CEO after these two years. The new management team is coming for the digital transformation and will bring big plans for the uplist.
https://www.sec.gov/Archives/edgar/data/1402945/000149315222010672/forms-1a.htm
Hopefully they can complete the transition before the next conference call. We can definitely use some passion from the new management team.
Yes. Both CEO and COO will be replaced by the new board very soon based on this news.
This is really great news!
1. Section 4, Compensation, is revised and amended as follows:
Paragraphs (d) and (e) are deleted in their entirety and replaced with the following:
(d) Employee shall be granted [?] million restricted stock units (the “RSU’s”) under and subject to all of the provisions of the related Restricted Stock Unit Agreement (the “Founders Award Agreement”). The restricted shares shall be vested immediately.
This tells me the CEO and the COO will be replaced by the new board very soon. As some compensations to them, the RSU's were changed to be vested immediatly. Look out for new CEO and COO that will bring digital transformation to Progressive Care!
https://www.sec.gov/Archives/edgar/data/1402945/000149315222028372/ex10-3.htm
2. The new board member Pedro Rodriguez is the Chairman and Medical Director of the Department of Psychiatry at Mount Sinai Medical Center in Miami Beach, FL. Keep in mind Nasdaq requires at least 3 independent directors. After Oleg Firer resigned, they have to find a new board member so they can meet this requirement. This means the company is still actively on track to uplist to Nasdaq!
Do you know what are the two biggest areas for telemedicine? They are Psychology and Dermatology! The addition of Pedro Rodriguez tells me the company will push forward their telehealth platform and will focus a lot on the highly needed market in Psychiatry!
https://www.ncbi.nlm.nih.gov/books/NBK207141/
What is Telepsychiatry?
https://psychiatry.org/patients-families/telepsychiatry
The volume will come when the company finds a new CEO and he starts giving interviews about the digital stuff and big plans.
The net sales growth was 88.7% for the first six months of 2022 versus 2021. 144% Increase in First Quarter 2022 Revenue as E-Commerce Demand Surges; Cash Balances Increase to Approximately $22M or $2.36 Per Share. https://ir.nextplat.com/news-events/press-releases/detail/90/nextplat-announces-144-increase-in-first-quarter-2022
https://ir.nextplat.com/news-events/press-releases/detail/91/nextplat-announces-record-second-quarter-2022-revenue
Do the math for this year. The more important part, this is not even touching the new digital platform at all yet. The trajectory is unbelievable. Now Progressive Care is part of it. I actually think we should buy some NXPL...
The notion is on the table. If Progressive Care /NextPlat can put enough digital transformation in it, there will be huge interest from the Street. Fernandez etc. are not just playing the game here. They are in it for the win. There’s simply no way to ignore the whole team’s highly impressive track record of success.
In 2019 and 2020, the Firm (Ellenoff) was ranked #1 in the U.S. for number of SPACs among all U.S. law firms (representing both issuers and underwriters).
http://www.egsllp.com/wp-content/uploads/2022/01/SPAC-PPT-1.27.22.pdf
Over the course of the last couple of years, EG&S has been involved in nearly 40% of all SPAC IPOs, either as issuer’s or underwriter’s counsel. EGS led the SPAC IPO Legal League Tables for 2021 ranking at #1 for number of deals completed in the U.S. EGS worked on 148 SPACs in 2021 – more than double our deals completed in 2020.
https://www.egsllp.com/resources/spacs
Ellenoff's 2021 Year End SPAC Transactions:
https://www.egsllp.com/wp-content/uploads/2022/04/2021-Year-End-SPAC-Transactions-1-3-01108510xA9C08.pdf
They are the nation's Number 1 SPACs law firm. They are working with Progressive Care on their uplisting and was copied on the first page on Progressive Care's S-1.
https://www.sec.gov/Archives/edgar/data/1402945/000149315222010672/forms-1a.htm
WHAT IS A SPAC?
WHAT ARE THE ADVANTAGES TOTHE INVESTOR?
WHAT ARE ADVANTAGESTO SPONSOR/MANAGEMENT?
WHAT ARE BENEFITS TO SELLER?
1. Fast track IPO
2. Ability to partner with well-known sponsor team
3. Potential for seller to retain majority of upside by being paid in stock
4. Less disruption to seller/company and employees than traditional IPO
http://www.egsllp.com/wp-content/uploads/2022/01/SPAC-PPT-1.27.22.pdf
Q3 10Q will be out in a month. This conference call will be a huge one. Guess the new NextPlat owners will say something?
Charles Fernandez will present at 11:30 am today at Dawson James Securities's 2022 Small Cap Growth Conference. He will surely talk about NextPlat's $7M investment in Progressive Care during the meeting to a select invite-only audience including Institutional Funds, Family Offices alongside our significant base of High Net Worth Accredited investors.
https://www.meetmax.com/sched/event_84131/conference_home.html?bank_access=0&event_id=84131
https://ir.nextplat.com/news-events/press-releases/detail/92/nextplat-invests-7-million-in-recapitalization-of
Armen’s post was blocked by Linkedin. “I can not believe this!!! LinkedIn’s censorship has blocked my post sharing Florida’s Health Department new guidance related to risks associated with COVID vaccines. Wow!!! Very disappointing.”
What’s the purpose doing that? Making self feel good? You never know, that might be the reason. lmao
NextPlat is on a FAST track to digitally transform Progressive Care, making it a leader in the frontier of healthcare industry. Charles Fernandez, Rodney Barreto, Douglas Ellenoff all have been planning for this strategy since day 1 they joined the company, all at about the same time between June 2021 and January 2022, when Progressive Care filed its S-1 and copied Ellenoff on it.
Digital healthcare transformation in the era of Web3 is exactly what the Wall Street wants to invest in. Do you know the CFO of NextPlat, Paul Thompson, is also a long-time Chief Compliance Officer for Fairholme Capital Management LLC and Chief Compliance Officer for Fairholme Funds, Inc? He is the one that oversees the $7M funding for Progressive Care. Fairholme Capital Management is one of the top institutional investors in the nation, led by Bruce Berkowitz. Charles Fernandez was the CEO and President of the company between 2008 and 2011.
Web3 is the future. "Our focus is on next generation platforms for digital assets built for Web3. Web3 is a new iteration of the World Wide Web based on the blockchain, which incorporates concepts including decentralization and token-based economics."
https://d1io3yog0oux5.cloudfront.net/_826ef6f9a037fbe66d80b510efb7cb97/orbitaltracking/db/231/1680/pdf/NextPlat+Introduction+-+Feb+22.pdf
"we are committed to harnessing the power of digital technologies including Web3, to capitalize on the ongoing digital transformation of Progressive Care and the entire healthcare industry.”
https://www.progressivecareus.com/post/progressive-care-enters-into-an-agreement-with-nextplat-for-significant-strategic-investment-and-debt-restructuring
How Web3 in Digital Health will transform into real immersive experiences?
https://www.taliun.com/how-web3-in-digital-health-will-transform-into-real-immersive-experiences
Web3 & Healthcare
https://medium.com/@hashedhealth/web3-healthcare-5c3984efbcc
Web3 And The Future Of Medicine
https://www.forbes.com/sites/forbestechcouncil/2022/06/22/web3-and-the-future-of-medicine/?sh=50c4bee94fdf
Armen just posted this:
https://www.floridahealth.gov/_documents/newsroom/press-releases/2022/10/20221007-guidance-mrna-covid19-vaccines.pr.pdf
“After you were told to get vaccinated and get boosters too“With a high level of global immunity to COVID-19, the benefit of vaccination is likely outweighed by this abnormally high risk of cardiac-related death among men in this age group. Non-mRNA vaccines were not found to have these increased risks.
As such, the State Surgeon General recommends against males aged 18 to 39 from receiving mRNA COVID-19 vaccines. Those with preexisting cardiac conditions, such as myocarditis and pericarditis, should take particular caution when making this decision.”
Friday, October 7, 2022
FLORIDA STATE SURGEON GENERAL DR. JOSEPH A. LADAPO ISSUES NEW MRNA COVID-19 VACCINE GUIDANCE
Contact:
Communications Office NewsMedia@flhealth.gov, 850-245-4111
Tallahassee, Fla.—
Today, State Surgeon General Dr. Joseph A. Ladapo has announced new guidance regarding mRNA vaccines. The Florida Department of Health (Department) conducted an analysis through a self-controlled case series, which is a technique originally developed to evaluate vaccine safety.
This analysis found that there is an 84% increase in the relative incidence of cardiac-related death among males 18-39 years old within 28 days following mRNA vaccination. With a high level of global immunity to COVID-19, the benefit of vaccination is likely outweighed by this abnormally high risk of cardiac-related death among men in this age group. Non-mRNA vaccines were not found to have these increased risks.
As such, the State Surgeon General recommends against males aged 18 to 39 from receiving mRNA COVID-19 vaccines. Those with preexisting cardiac conditions, such as myocarditis and pericarditis, should take particular caution when making this decision.
“Studying the safety and efficacy of any medications, including vaccines, is an important component of public health,” said Surgeon General Dr. Joseph Ladapo. “Far less attention has been paid to safety and the concerns of many individuals have been dismissed – these are important findings that should be communicated to Floridians.”
The analysis can be found here. The guidance can be found here. About the Florida Department of Health
The Florida Department of Health, nationally accredited by the Public Health Accreditation Board, works to protect, promote and improve the health of all people in Florida through integrated state, county and community efforts.
Charles Fernandez was the President of Fairholme Capital Management LLC between 2008-2011. He oversaw a team of investors providing investment management services to the Fairholme Managed Account Program and the Fairholme Fund. The Fund grew from $4 billion to more than $15 billion under his management. He brought in a $2 billion gain for shareholders in those years.
https://www.fairholmefunds.com/overview
https://www.linkedin.com/in/charles-m-fernandez/details/experience/
https://ir.nextplat.com/company-information/board-of-directors
Now as an investor, he has invested over $7M in Progressive Care together with his company (Nextplat) aiming to bring digital transformation to Progressive Care. Nextplat Digital Platform will roll out probably by the end of the year. Very good timing for everything.
Ellenoff as their Chief Business Officer and Vice Chairman means a lot. I showed what Ellenoff and his company have accomplished in the past 2 decades. Just look at those over 40 SPACs his company completed just in 2021, each one was at least $150M, up yo $500M.
The CEO Alan Jay Weisberg said "We believe in the future of blockchain technologies" in June 2021.
https://www.progressivecareus.com/post/progressive-care-to-accept-bitcoin-as-payment-for-covid-19-rapid-testing-solutions
Those 8 reports
Not sure if Progressive Care hired EMBA Pro, or EMBA Pro volunteered to do the research work for them, but I found a total of 8 comprehensive new research reports (published in 2022) specifically prepared for Progressive Care by EMBA Pro. The author(s) might have worked with the company’s management team at certain point so they can provide these insights.
Report #1: Progressive Care (United States) Blockchain based Supply Chain Management
https://embapro.com/frontpage/bcscmcoanalysis/32332-progressive-care
Progressive Care can leverage the Blockchain technology to bring more efficiency to the supply chain – by reducing payment delays, reducing data discrepancies across the supply chain, and by automating the whole process. The Blockchain oriented ledger system enables all partners in the supply chain to verify information.
According to technology experts in the Retail (Drugs) industry, Progressive Care can use the blockchain network technology to overcome the incompatible management information systems across various players in the supply chain management to establish a shared truth. It can be accessed by each player in the supply chain.
Key Considerations and Steps for Progressive Care before Implementing Blockchain based platform
- Involve all stakeholders – Application of blockchain in the supply chain management has huge potential for both generating operating and financial gain, and improving suppliers relation. So before Progressive Care go ahead with the project, it should involve all the stakeholders and supply chain partners in the process. It is critical because the suppliers also need to make changes in their IT systems and current reporting systems.
- Evaluate the pros and cons of using a public vs private blockchain network – As discussed above, Progressive Care should opt for a hybrid system leaning toward private Blockchain – this can help in providing permissions regarding who can join the system, protect intellectual property rights, streamline information exchange, provide higher network security etc.
- Don’t try to replace legacy IT systems – Rather than replacing the legacy systems with the new blockchain platform, Progressive Care should strive to build the blockchain platform on the top of the legacy IT system. This will help in not only limiting the scope of the blockchain project initially but also help in keeping intact the strengths of the legacy IT and MIS systems.
- Agree on business rules and calculations – The essence of blockchain technology is that each transaction or event on the blockchain is communicated throughout the network. This can create challenges for Progressive Care in terms of different level of suppliers policies. So Progressive Care needs to agree framework, rules, and metrics in advance so that the blockchain based network can function with utmost transparency and efficiency. Because if the players on the platform are not clear about the metrics and calculations then it will revert back to the manual clarification which is both time consuming and expensive.
- Build checks and balances – There should be proper checks and balances in the system to protect the interests of all parties and integrity of the system.
Report #2: PESTEL / STEP / PEST Analysis and Solution of Progressive Care
https://embapro.com/frontpage/pestelcoanalysis/32332-progressive-care
The PESTEL / PEST Analysis of Progressive Care will cover all macro environment factors that impact Retail (Drugs) - political factors, economic factors, social factors, technological factors, environmental factors and legal factors. Progressive Care (RXMD) is listed on OTC Markets stock exchange.
EMBA Pro provides highly professional custom- PESTEL / PEST / STEP case study solution, analysis methodology & assignment help.
Report #3: Porter Five Forces Analysis of Progressive Care
https://embapro.com/frontpage/porterfiveanalysis/32332-progressive-care
What is Porter Five Forces? How Progressive Care can use it?
Leaders at Progressive Care (United States) can use Porter Five Forces as a strategic management tool to do industry analysis . It will help Leaders at Progressive Care in mapping the various competitive forces that are prevalent in Services industry in both local markets and international markets. .
Report #4: SWOT Analysis / SWOT Matrix of Progressive Care
https://embapro.com/frontpage/swotcoanalysis/32332-progressive-care
SWOT Analysis / Matrix of Progressive Care by EMBA PRO includes the four key elements - Strengths, Weaknesses, Opportunities, & Threats. The strengths and weaknesses address the internal factors of the company, opportunities and threats are the macro challenges that Progressive Care is facing in United States and other international markets that it operates in.
Progressive Care (RXMD) is listed on OTC Markets stock exchange.
Report #5: SMART Goals Analysis of Progressive Care
https://embapro.com/frontpage/smartcoanalysis/32332-progressive-care
SMART goals analysis strategy stands for – Specific, Measurable, Attainable, Realistic, and Time Bound goals. Two of the biggest challenges that companies such as Progressive Care faces in today’s uncertain business world are –
Setting unrealistic goals that look good on the strategic document but hard to attain in Services industry.
Second – setting the bar too low, leading to under-utilization of the resources at Progressive Care disposal.
To overcome both of these scenarios, we suggest Progressive Care to use the SMART goals strategy.
Report #6: McKinsey 7S Analysis of Progressive Care
https://embapro.com/frontpage/mckinsey7scoanalysis/32332-progressive-care
Mickinsey 7S framework is used to analyze Progressive Care – competitive strategy, organization structure, human resources framework, culture, mission vision, and value statements, and technology and management information system.
Report #7: Organizational Resilience of Progressive Care
https://embapro.com/frontpage/resiliencecoanalysis/32332-progressive-care
Organizational resilience is a multidimensional construct and at embapro.com we stress on a multipronged approach to build organizational resilience. Progressive Care can build organizational resilience by focusing on the following six dimensions – Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Report #8: Triple Bottom Line Analysis of Progressive Care
https://embapro.com/frontpage/tblcoanalysis/32332-progressive-care
Progressive Care can use SMART approach to build a sustainability strategy. SMART approach includes –
Setting specific and clearly defined goals of sustainability efforts – Progressive Care should set specific goals that stakeholders can easily identify with. For example Apple has decided to focus on its supply chain and battery re-use options to achieve sustainability targets rather than having non transparent goals.
OMG, I can't believe what I just found. Stay tuned. This is huge. Tomorrow.
We must see this big picture to understand where Progressive Care is going under the new leadership of e-commerce experts. The Street loves such concepts. Fernandez etc. will transform the company to exactly what the Wall Street wants to invest in. This will be Huge.
Nextplat’s CEO and Progressive Care’s Chairman, Charles Fernandez said: “As long-term investors, we are committed to harnessing the power of digital technologies including Web3, to capitalize on the ongoing digital transformation of Progressive Care and the entire healthcare industry.”
https://www.progressivecareus.com/post/progressive-care-enters-into-an-agreement-with-nextplat-for-significant-strategic-investment-and-debt-restructuring
That will be NextPlat Digital, the new revolutionary platform that NextPlat is rolling out very soon, probably by the end of the year according to their most recent S-3 and 10 Q.
NFTs in healthcare is what NextPlat is aiming for. This is the most frontier of the e-health industry.
In the journal Science, a multidisciplinary team of bioethics, law, and informatics scholars write that NFTs, as a digital contract of ownership, could help citizens track and control who accesses their personal health records. The health record-keeping system as it exists today is an organizational jumble—an issue in and of itself—but it also disenfranchises the individual, who essentially loses all power to decide who can view their personal data once the clipboard leaves their hands. After that, the information is transcribed into an electronic record, which can then be commercialized and distributed in unforeseen ways.
https://www.fastcompany.com/90719028/its-not-just-art-nfts-could-revolutionize-healthcare-bioethicists-say
The annual Dawson James (Progressive Care's placement agent for the Nextplat deal) Small Cap Growth Conference being held on Wednesday, October 12, 2022, will offer the opportunity to discover exciting small-cap growth companies within the Healthcare, Technology and Consumer sectors. Over 30 senior management teams will be presenting to a select invite-only audience including Institutional Funds, Family Offices alongside our significant base of High Net Worth Accredited investors.
Progressive Care's new Chairman, Nextplat's CEO and Chairman, Charles Fernandez will do the presentation at 11:30 am on Oct. 12.
https://www.meetmax.com/sched/event_84131/conference_home.html?bank_access=0&event_id=84131
https://www.meetmax.com/sched/event_84131/__co-list_cp.html
The best thing is Progressive Care is not going alone. Other digital platform experts are working with them for mutual benefit. No need to wait long, just a couple months and there will be huge news coming out regarding the Nextplat Digital. Coupled with Progressive Care’s own fast growing long term care contracts and 340B programs, the stock price will finally have a chance to break the all time high 26 cents very soon.
The Nextplat Digital Platform will roll out in the next couple of months. The healthcare NFTs will be right there. Progressive Care will lead this frontier in the healthcare industry. Ellenoff’s healthcare SPACs are right there waiting. All plans have been made!
Nextplat says this in their most recent S-3A that was filed in June 2022, and the 10Q that was filed in August 2022:
https://www.sec.gov/Archives/edgar/data/1058307/000149315222016782/forms-3a.htm
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001058307/000149315222022536/form10-q.htm
"As part of our growth strategy, we expect to increase our focus on food, food delivery, food supplements and beverages, mother care, cosmetics, baby care, pharmaceutical and healthcare products and services, as well as electronics products, both as a platform operator and as part of our directly operated business. We have also invested in companies involved in these sectors."
"Our new platform (“NextPlat Digital”), which is currently in the design and development phase in collaboration with consultants and contracted developers, will initially enable the use of non-fungible tokens (“NFTs”), in e-commerce and in community-building activities.
As currently contemplated, NextPlat Digital will facilitate the creation/minting, purchase and sale of a broad range of non-yield-generating and non-fractionalized NFT products, including, but not limited to, art, music, collectables, digital real estate, video games, game items and certificates of authenticity. We also anticipated developing and deploying NFTs for use in tokenizing data for use in brand loyalty programs.
NextPlat Digital, as currently planned, will be used by us to create both (a) public marketplaces, for us and third-parties, where anyone with a crypto wallet or credit card can buy an NFT from an authorized user, or, if authorized, sell their own NFTs, and (b) private market places that only allow a particular company or entity to sell their own NFTs within a branded market (such as for the promotion of a particular brand or product). We anticipate that NextPlat Digital will be substantially complete within the next six to nine months."
NFT In Healthcare: How Patients Could Monetise Their Health Data
https://medicalfuturist.com/nfts-an-health-data/
NFTs in healthcare – will data become the new currency?
How will NFTs change the way we use medical data?
How will NFTs impact the field of scientific and medical research?
Who are the stakeholders in healthcare and how do they benefit from NFTs?
https://insights.omnia-health.com/technology/nfts-healthcare-will-data-become-new-currency
Charles M. Fernandez said, ”Progressive Care has built a vibrant and rapidly growing healthcare services and technology company currently serving tens of thousands of customers who rely on its PharmcoRx platform and services every day. As a technology and healthcare entrepreneur, I see tremendous value in Progressive Care’s capabilities which is why I am personally investing alongside NextPlat. I believe we can leverage our expertise, industry know-how, and global e-commerce platforms to accelerate their continued growth domestically as well as internationally. As long-term investors, we are committed to harnessing the power of digital technologies including Web3, to capitalize on the ongoing digital transformation of Progressive Care and the entire healthcare industry.”
https://www.progressivecareus.com/post/progressive-care-enters-into-an-agreement-with-nextplat-for-significant-strategic-investment-and-debt-restructuring
THINK!