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Agreed. Loading at 0.01 and sitting at 0.005 for a while and down 50% was painful but the fundamentals were strong back then and justified holding. Here we are in 2018 and sitting in an even stronger position then back then! Good luck to all.
The nice thing about some of these sells is that “exhausted” investors/traders get swapped for those looking for higher share prices. It’s a nice level of support for those looking at an even longer term investment that have done their DD.
It’s not about the mechanics of the split, which are net neutral as you say, but rather the intent and purpose of the r/s that impacts the investors’ interpretation of the r/s.
Happy New Year everyone. Looking forward to the December numbers and the annual shareholder letter stating the 2018 goals that this company will be striving towards! In prior years the company has been quite successful at their intended goals for the year.
Starting the year on this new exchange is bound to bring some much needed excitement to the stock and a proper increase in pps.
$RXMD
This is great news and a good way to close the year. Looking forward to RXMD’s 2018 goals since they have an excellent track record of accomplishing those goals.
Agreed. I have been apart of a few stocks that uplisted to NASDAQ only to see the excitement wane and pps come back down. Let's manage the new exchange for a bit before the next transition.
We are saying the same thing. I'll clarify (and thanks for keeping tabs on ambiguous posts). The paperwork was waiting on the sidelines for the second board member, who just recently was announced, to expedite the process. All the boxes are checked and the approval for the application will come Q4.
Finally, uplisting out of the pinkies! Congrats RXMD!! Paperwork was rearing and ready to go, just waiting on that second board member as previous information from the company stated. Love the transparency.
This post definitely could use more colorized text. Maybe some more green??
$RXMD
I second that because there have been a few instances when I've seen John's replies to posts and got caught off guard thinking that maybe now he is on the other side of the fence.
I know that is not the case as John has provided many positive, informative posts. I'm glad you are on frequently enough to provide factual information for others John. Thanks.
It has certainly been the point that lots of shares are held by longs like me and therefore are less able to influence pps in the positive direction as we sit and wait. Fatigued holders as well as flippers that didn't do the right DD will take opportunities to sell on the news and constantly erode gains from the great information in those press releases.
There are some great catalysts lined up for the rest of the year!
Go RXMD
Sounds like there are a few M&A options, leaving open the possibility for a possible second one next year sometime.
The best thing about their model is that any displaced residents can still get their meds delivered.
Holt69, excellent summary of where the company has been and where it currently stands. Especially noting the recent agreement with CV whereby RXMD prepaid some of their loan interest as a sign of good faith and CV in return has extended their first actual loan payment by 3 months. That was a smart agreement.
The virtual kiosk being installed in Century Village will be up and running soon.
Great post. A well composed and up-to-date summary of facts mixed in with some opinion. Thanks JohnCM.
The main purpose of the licenses was to allow them to ship meds to other states without having to open up a brick and mortar in said states.
Agreed. The voices of the longs are limited here but it's great to see the same people I've come to know post with a punch every now and then; smart people that have been invested for many, many moons.
Looking forward to the announcement regarding the second board member!
$RXMD
This is great news! Thanks JohnCM for making the news crystal clear. Many demanded actions by the company to demonstrate shareholder interest was in mind. I would say this should satisfy many in that camp.
What's also striking is that many felt that CV was in it to take advantage of RXMD. Looks like RXMD and CV negotiated a deal fair to both parties.
Me also thinks RXMD will get that uplist completed before the bill is due to reduce the impact of any shares offered to pay the note.
Still holding strong and long.
$RXMD
That will be a well timed PR. Given how quiet it's been this week with many on vacation it seems it will be good to have new numbers on board when people get back to their normal work week.
$RXMD
This does not surprise me since they were pretty methodical about purchasing, expanding physical space, and installing the laser-wielding, dispensing robot.
I would rather invest in this company than gamble at a casino. Guess we have different perspectives on this one.
My guess is that they are being VERY selective about their independent board member choice(s) and that is the bottleneck, not the actual application itself. I personally would be bringing someone in that is independent but also brings to the table ideas, connections, and industry knowledge to move the company forward.
I don't think much will change in the next month and anything around these prices is a good starting price given how undervalued the pps is. Good luck and keep a watch out for future developments that will likely occur in the fall.
RXMD - Great. I figured that was the case. Although uncommon, they have released a single PR in the past combining the scripts and revenue numbers for two months. Thanks for the update golfboy.
Go $RXMD!
They have in the past released a single PR describing the sales and revenue numbers for two months rather then two separate PRs for each of those months. While uncommon for them, it shouldn't be unexpected.
I don't think the audio file is posted. I have been checking the website and have not seen it posted. At this point I don't think it will be posted. I'll be reading the transcript then for the good details.
Save me some time and remind me what was the percent of device success they needed to exceed? If I recall correctly this number was the percent chance of random improvement in AIS score.
As I started reading this PR about virtual assistance, the first thing I thought of was having it at Century Village of Pembroke Pines. Lo and behold, that's where they are placing it initially. Great news.
Regarding insider buying, are you referring to management or other RXMD employees? Management and Armen got decent stock bonuses last year and are most likely continuing to work hard for their bonus shares rather then purchase them on the open market.
Agree on the robotic dispenser. It was an overlooked benefit that even the company that sells those machine stated, which was that these machines can free up staff to do other things, like interfacing more with clients. Sounds like they went that route for the near term. This allows them more flexibility in shifting strategies and to more quickly expand in certain business efforts that demand more attention.
If you received calls from Walgreens and CVS to sell your business to them, I would definitely consider those businesses to be competitors of yours.
Per one of the earlier conference calls, I believe it was stated that RXMD wanted to pursue space and certifications to handle sterile, compounded injectables. So yes, there was a plan to expand that strategy at that time. What the timeline could be to achieve this is a guess.
Grabbed 20k shares a half hour before close. Looking forward to Monday. Have a good weekend all.
I got some more funds coming and I'm looking forward to adding to my long term position here. Lots of great DD posted here and I appreciate the many people that post it!
Looking forward to another CC, I love the shareholder questions and occasionally being able to match a caller with someone that posts here.
$RXMD
An interesting note in their 2017 Conference Presentation:
http://progressivecareus.com/wp-content/uploads/2016/06/SeeThru-Equity-Presentation-02.22.2017.pdf
A Key 2016 Achievement: "Became the primary 340B pharmacy for Empower U"
I recall when they were just becoming a 340B provider for Empower U. Now they are the primary pharmacy for the organization. Well done RXMD.
I can second that statement. Plain and simply put.
What is great about RXMD is that this year, as well as the last few, they remind us about the insurance cycle that occurs annually. This sets expectations for this part of the year and during these times they not only hold steady but actually have YoY growth at these times. Awesome!
Glad to see your DD RIO. Thx for sharing. Sorry all, been busy with a job transition so there's been less time to refute some of the posts that pop up. Happy to see people rotating on who spearheads the campaign to maintain the truth of RXMDs growing potential.
Good news in that with a salary increase I'll be back on the wagon to buy some shares again. I'm looking forward to adding to my long term hold.