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Thank you...you're correct.
I get it...most of us here are in the same boat.
Wish I knew. Fact is we are getting .48 additional shares for each share of RXMD stock we own. When the Merger occurs the combined companies will be cash rich and generating $60 million dollars in revenues. Perhaps people are waiting to see if the merger will actually close. I don't believe that there is any doubt that it will happen.
Nice. I added 100 more yesterday @ $1.69. Over the last couple of months I have added approximately 3000 additional shares of RXMD. Each share will automatically generate an additional .48 of a share after 9/13. Seems like a no brainer to me.
Exactly JS. I have also added several shares of RXMD over the last couple of months.
You’re welcome my friend. Lots of us have been here for several years…what’s another 2weeks. 🤔
Everyone if it’s possible let’s chill and not argue amongst ourselves. Clearly none of us are happy but in a just over 2 weeks the merger will happen and the Fernandez should start to pull back the curtain. Despite the fact that Rxmd hasn’t done anything share price wise, Nxpl has jumped over 20 percent. This bodes well for shareholders simply because in a couple of weeks we all will be Nxpl shareholders. And our Rxmd share count will increase by almost 50%. In reality because of the merger it really doesn’t matter what the Rxmd share price is or how many shares have been traded because the bottom line is we will all be Nxpl share holders soon. Good luck to us all.
Great post Turbo
No worries my friend, we have all been there.
LOL!!
The bearish symbol on my post is a mistake.
You are correct - No valuation was done on NXPL...but it was clearly performed on RXMD
Exhibit B-1 to the Joint Proxy Statement/Prospectus is the Steen Valuation Group, LLC Valuation of One Share of Progressive Care, Inc. Common Stock as of March 27, 2024.
The Valuation Conclusion Letter dated March 29, 2024 sets out a range of $2.00 - $2.20 for a share of RXMD Stock.
Attached to the Proxy/Prospectus is the Valuation Report prepared for Fernandez that puts RXMD's valuation at between $1.96 - $2.20 per share. If you have a chance take a look at it...
Bingo.
There is no looming r/s. Once the merger is complete hopefully management will start talking to us. Guess we’ll see in a little over 3 weeks.
With the merger Rxmd shareholders will have their respective shares converted to Nxpl shares. Ratio of 1 to 1.48.
Effectively Rxmd will no longer exist.
That’s possible. Can’t disagree.
I honestly don’t believe he is Fernandez. I trust Fernandez is way to busy with his business ventures to post garbage on an ihub board.
Very well said.
J first payment was interest free. After that interest is only 3.99%. Not a bad rate at all. I can understand why they chose not to pay it off in a lump sum
Thanks TD. After I spoke with Glickman I got the sense that the issuw was an old one the needed to be addressed and fixed.
Thanks for posting that james
Thanks CM
I don’t know what to think anymore absolutely ridiculous situation.
What nonsense holt. What I have posted is based on conversations that I have had. I talked to both Armen and glickman today.
Armen guaranteed you a reverse split? I don’t think he would go that far.
Just think if there was a 10-1 RS the share count would be well under 1 million. No institutional investor would even consider buying Nxpl…it would be way to volatile. And what good would these additional shares do for the board if they can’t sell them or they have no market value.
I’m glad that our conversations match up. Glickman did also talk about the business and how well it’s doing and he did say that when the merger is complete he believes that Fernandez will start being more available to shareholders
Yes he did. And you could be right about that
Nice. I spoke with him this afternoon
Exactly Turbo
Glickman also said that all the talk of a RS is nothing but speculation. He even said it was ridiculous simply because it would affect everyone not just us shareholders.
TD. I spoke with Michael Glickman today about the impairment fees. Seems to me from my discussion with him that these fees represent an old issue with a vendor so they have to make allowances for it. I honestly don’t understand them but it is an accounting entry than is required. He said they are almost done but will not disappear-they will be reduced dramatically though. I know that your an accountant perhaps you can explain these fees better.
Whoever it was stirred it good to get kicked off
Armen's name is still there under members names. Says, last seen an hour ago.
I'm not SF. I only went on for a minute and saw a post under Armen's name.
Perhaps because Armen posted nonsense about a R/S
We all knew the Dec., 2022 split was coming, we just didn't know the details.
There is no second split in the works...it's simply Telegraph banter now.
Yes Telegraph is up and working and Armen did post his "opinion" that Fernandez may try to R/S again. What doesn't make sense is that after the merger there will only be NXPL...no more RXMD. So why R/S