Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Haahaahaahaahaahaahaahaahaahaahaahaahaahaahaahaahaahaahaahaa, oh I am going to wet myself.
(how many times have we heard this balony before)
quote:
"AS OF THESE CONVERSION TRANSACTIONS - THERE EXISTS ONLY ONE MORE AGING NOTE (which is for a modest sum of $25,000 and which HHSE plans to pay off in cash before it's maturation in October). As for the remaining balance due to TCA ($156,000), HHSE is working to create a mechanism for the accelleration of receivables from NETFLIX licenses - in order to pay off TCA in CASH rather than carrying the painful burden of them forcing a share conversion. It is not necessary to email or call Shefte and Parkinson to express shareholder disatisfaction for these transactions; the officers share this sentiment and fought to stop these from occurring."
Do I smell a little promo here to maybe increase the liquidity for the converters, bless their hearts.
Wow, a pump and dump has occurred before my very eyes!
Thanks for posting the Q & A speck. Reading between the lines I can only conclude that the business is being financed by toxic conversions with continued dilution aimed at retail investors. Sorry, but that is what I see going forward, going backward, going sideways, or whatever. GLTA
Share price is simple reflection of the massive increase in outstanding common shares. All the crap here about profit or no profit, lawsuits or whatever just don't matter. Dilution (in whatever form) sucks. GLTA
Doc, your optimizim is tremendous, but dont you think any acqisitions will be by issuing shares, which will dilute? No matter how good a company's business is the stock value does not reflect it if there are conversions taking place. Pinkys just let the retail investors pay off their toxic loans by conversions to protect their cash flow and pay management well. They always spout about enhancing shareholder value, but they are NOT refering to retails like us.
No real indications they can be ready to mine silver if price spikes. They say they will need millions infusion to start up again. They will have to satisfy Silver Wheaten. Lots of headwind here. Do they actually have any skilled miners on site?
Since late 2013.
Agree.
Why even need a CEO, not mining anything (heehee). Good find though dingocub!
All that silver they say they are on top of, but cant figure out how to turn it into some profit and "shareholder value"?
When reading PRs like this one I have to really focus on what is written.
IRVINE, Calif., March 3, 2015 -- Praxsyn Corporation (OTCQB:PXYN (link is external)) announces that its wholly owned subsidiary, Mesa Pharmacy Inc. (Mesa), has final committed amounts in excess of $4 million for approved preferred provider organization (PPO) claims dating from February 1, 2015 through February 28, 2015 from 15 of its 28 licensed states across the country. The commitment of these claims has been accomplished through its previously announced marketing agreement with NHS Pharma, Inc. Marketing and billing costs are still applicable at industry standards of 55 percent of the total amount billed.
"The benefit of PPO is that every claim is approved at the billed amount and at the point of service," said Edward Kurtz, Chief Executive Officer, Praxsyn Corporation. "Insurance companies are committed to pay the total amount billed within 30-90 days of the prescription being filled. This eliminates the need for Mesa to finance their PPO claims.
- - -
It looks like the insurance companies have contractually agreed to pay Mesa $4 million. It also looks like NHS gets 55% of that.
That would equate to $1.8 million left over before operating expenses. Sounds like a better deal than the factoring they were doing. Times 12 would be $21.6 net revenues for 2015. My terminology is probably wrong because healthcare billing is a nightmare. But looks like PXYN overcoming their startup issues and turning corner to solid footing. I expect a share price at or above .06 after the 10Q even with the TPS/factoring transitions during 4th Q.
senderos, appreciate your PM, I cant PM. PXYN had a solid floor about .062 a while back, I would expect that will happen again. Like all penny stocks, I fully expect a small surprise almost every Q that puts headwind against it. That's the world of pennys. GLTY
Question for who might know. Is a SC 13G filed in the case where a holder of preferred stock converts to common stock. Thanks in advance. GLTA
Saw .04 today. I am unable to post helpful information here so I will have to let the increasing share price speak for itself. Today is an example of the strength of this stock, and we will see more to come. Sure hope this message is tame enough for those who are concerned about such things.
GLTA
So, is this "Securities Registration (section 12(g)) (10-12g)" the famous FORM 10 everyone was posting about? Sheesh. Bet it took a lot of time, work and research to put that together. Maxing out their available shares pretty soon I see. Hmmmmmm
One can not discount the fact that PXYN is an OTC penny. There are bound to be some trash in the closet that will come out with each Q. We saw that with the factoring crap. We saw that with the PAWS crap. Next we will see the Garbino crap.
Will we see PXYN blue sky, doubtful, too much crap. Will we see lower than mid 3's, doubtful, business is relatively sound and expanding.
Short term I say we very easily see 6's, probably 7's, possibly 8's (however, the last time we saw 8 is was around the promos). Higher than that as a result of the next financials and I will be thrilled but surprised. GLTA
Thanks. Are you still sticking with the targets?
Trader53, did you alert BTZO?
Well, it is nice to know that my HHSE stock will be worth at minimum .03 when this loooooong promised form 10 materializes.
Now if this can be Statler's next pick (lol)!
Nothing wrong here. This is a false takedown. Very possible some sour grapes by the old marketing group and a compensated basher N-----. Hang in guys, 4rth quarter will be good.
Not going to be any bad news fellas.
I'm in.
Looks like promo time here.
I think its a buy in low 40s too. I like AXUs prospects, but they need to get going. Have to start at 0 to build workforce up so they can mine anything. AXU seems too tentative right now. GLTY
Your #3 could be approximately correct, but what is the indication your #1 clock is ticking yet?
Log jam. No one wants to sell at 1, no one wants to buy at 2. War of nerves, who will win out; I bet twos win out.
The new one's the one I'm not fond of. Downside to this stock is it could just turn into a convention/dilution dog. With over 4 zillion shares out there available.
In at .0002
You all fight over the 1's.
Don't really like the name of the company much, but like the potential here for 2015.
Just about to buy in here aren't you Stocky?
I would expect a certain couple to start peddling some of the 60 million shares very soon. Don't know how big an effect that will have on holding the share price down, depends on how hungry they are I guess. JMHO
If they ever decide to be a silver miner once again.
I'm thinking this will bounce 10 to 15% Monday. Thoughts?
.035
Did management give any reasoning for sales flat-lining this qtr. after such tremendous giant leaps over the last year?
Sorry, but PXYN does not smell good to me (for retails). I think more serious dilution coming in 4th qtr through interjection of cash by institution that wants some of the easy hand-out bargain stock available here. Just my gut feeling as I ponder why they went public in the way they did (PAWS) and all the stock handouts (flowing like honey). GLTA
Exactly Bagger. Typical of a penny stock, whenever they say "shareholder value" they mean the shareholders that float them money and NOT the retails (they could give a crap about us and just use us to unload conversions). IMHO
Since I am holding some PXYN I follow this board pretty close. What I see is the pumpers here who see absolutely NO downside possibility whatsoever, and the bashers who see NO way this company will survive.
I know other OTC stocks that steadily go down due to convertions and dilution even though the company is solid and profitable. I see OTC'c that breakout to the upside even though no good news comes out for a company and it is losing money hand over fist.
I conclude that the company itself is not the determining factor that drives share price, sadly. Too many times the retail investors get all giddy when a company teases them about quarterly report income, but I find that terms like "net income" are defined in ways that later are found out to be "net operating income" or such, and back room schemes that adversely affect stock price pop up in the fine print. (stock awards, toxic borrowing, etc.)
So, GLTA
AXU, a silver mining company that doesn't mine any silver.
Looks like revenue is flat from 2nd qtr to 3rd qtr. Hmmmmmmm.