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Well, I just thought I might get some answers. I admit there are smarter people around than me, but I did get him on the phone. Sorry if I don't understand how the game is played, i just want to make some money.
Yeah, I don't know what his angle is on all of this, but yes ARMEN is in charge. Mr. Weisberg did seem polite, but just kind of disengaged. Probably a nice enough guy and maybe even a good accountant - probably a good one. But CEO? No.
I say over, but am only about 60% confident.
Now that I stated the facts of my call with Mr. WEISBERG, i'll tell you what I felt and read into the call.
He was not comfortable on the call - definitely didn't want to take the call. But to his credit, he WAS polite throughout. But sounded like he just didn't want to be there, didn't want to hear my questions, maybe even at times cringing when I asked questions like about the Reverse SPlit.
So, I read into that either:
1) He is hiding something bad, and that was why he was uncomfortable and unsettled, or
2) This thing is about to wrap up and he doesn't want to say a thing to blow it.
Honestly not sure, I'd say 50/50 chance either way, but if I had to place a bet, I'd say #2. Hope I'm right.
Fatman, I think I agree with most of what you said, especially the Mars part. She was good, and she was honest and transparent and really did care about the shareholders and making things good for us. Armen cares about himself - his unsrupulus dealings in the past show that clear.
I talked to Alan Weisberg!!! I called and they gave me the same old run around, but then I put up a big stink about them not wanting to talk to a lowly person like me, and that I'm a Black man and felt that they were putting me down. So, I waited on hold for about 3 or 4 minutes, and then onto the phone came our CEO.
I asked him a few questions, about the quarter results coming out and what the "other company business" was they mentioned in the press release. And I asked him about the reverse split and whether June 30 really was a hard deadline.
Well, it was good to get those questions off my chest, but he gave me NOTHING. Zilcho. Pretty much a polite " I appreciate your interest and questions, but I cannot comment at this time."
So, it was pretty much a worthless call. But at least he knows first hand that we shareholders are watching him and Armen very closely. One wrong move, and we'll be all over it.
RXMD up up and away I hope.
cbo,
SamBam
But I'm not that sophistaked. I am a mailroom guy with a high school education. So please prove me wrong if there are smarter people out there. And prove me wrong by making a case, not just saying your wrong.
You make a good point my friend.
What troubles me is past behavior is the best indicator of future behavior. That does not bode well with Armen.
But again, I'm banking on that RXMD's future is going to outweigh ARmen's unscrupulous nature.
Hope I'm right. Not everyone knows, or as we've seen from this message board not everyone cares, about Armen's deviant behavior. So, the other play is for this to shoot up to say 20 cents to 25 cents, and then we sell. Make a nice profit but avoid the longer term risk of association with a company that Armnen has control/strong hand in. He is and always will be sleezy in my opinion.
Does anyone know what percentage of COMMON shares Armen Arpetirianian owns. I know he has the power with the preferred shares, but how much skin in the game does he have with the COMMON.
much appreciated.
cbo,
SamBamMailroom CUnningham
I agree with you. Alan WEISBERG is a dud. Pure and simple, a dud. Nothing there - no personality, no enthusiasm, sleepy. Sounds like all he wants to do is get out of the office and go play golf with his country club buddies. I miss Mars.
But Armen must have driven her out. Armen is in charge, which rather scares me given his sleezy past dealings and probably current dealings as well.
But RXMD is a good company, so I'm banking on that to outweigh Armen's unscrupulus nature.
Go rxmd - TO THE MOON!
Yes nice!
TO THE MOON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Not trading all that differently. Has slipped back to the 7's. What do you see that is different?
I'm seeing Etrade back on Level 2 with 100,000 share block on the sell, and likely hiding more as well as CSTI.
And then a couple others just a tick up showing 10,000 shares so clearly hiding shares. Still alot of selling pressure.
Wish I'm missing something. Please tell me I am.
cbo,
SamBam Mailroom
Yes, gedi I know that now. And I corrected it. It's Alan Weisburg, right? I had made mistakes with his name - both are alike Weisberg, Steinberg. But I got it right on my last post and will be careful from now on. Just got confused that's all.
Maybe I just call him Alan from now on. That's so much easier.
GO Rxmd...hoping we can finish above 8 today. Looking better.
That was me, my friend. Had to buy more, like I said I'm hopeful. Careful you bet, but also hopeful and I'm putting my mouth where my money is. So, I suggest others do that to and buy buy buy.
Well, you have a point there. We all agree that ARMEN is in control and effectively the CEO. He just can't be officially because he has been banned by the regulatory authorities due to settlement over unscrupulous practices by him in the past.
And therin lies the reason why we have to be very careful in trusting him with our company. He is slippery.
Yes, I agree. Mr. Steinberg is temporary and a useful idiot for now. Oleg will be the new CEO, much brighter guy and MUCH MORE TALKATIVE I hope!
We need a real CEO to bring RXMD to where it must go. Ms. Mars was really good - wish we still had her. But Steinberg's a bit of an idiot.
Well, maybe so. Just want to make money, and at the very least, not lose my hard earned money. I had also convinced my son to invest in RXMD, so he has. He has accumulated quite a stash of money from working for the post office over the past 15 years. I just hope that I haven't led him astray. Time will tell. Both of us are waiting for our stimulus checks, and we'll invest that as well. Nothing like free money, eh? Can't wait to get that and put it in the market.
Good luck to all.
By the way, did our Talkative CEO Mr. Steinberg say anything in the last call about when Q1 would be released. I don't think he did, but thought I'd ask all here in case I missed it.
Another day where we must brace ourselves for yet another unmitigated disaster. What will we see today: 6's? God help us all.
I was wrong about today. It fell right back and now we have over 200k shares on the ask. This is another unmitigated disaster! Someone please tell CEO Rubenstein that he's got to get it together. He's killing stockholders who want to stay loyal but are getting themselves squeezed tight. I tried calling, but they said he was unavailable. Yep, wouldn't take my call. Maybe I didn't sound polished on the phone or whatever. All I know is I'm tired of our nothing CEO Steinberg doing NOTHING while we get hammered day after day, week after week on the stock price. I hear Armen is vacationing in the Seychelles with our money, otherwise I'd try to talk to him too, but I'm sure he wouldn't take my call eitehr!
Yea, boss. You got that right. Time to move. Movin' on up - movin' on up! To that big DEluxe apartment in the sky. Yes, we're movin' on up, movin' on up, movin' on up, movin' on up...we finally got a piece of the pie!
I want all of us to have a piece of that pie. WE just need to get CEO Steinberg off his butt and (actually I meant Armen) to get it done. I want to see 20 cents again.
Yes, Serb, I agree with you. Those were mighty cheap shares. Someone very hungry bought them. Maybe they were fixing to make some Armen stew with it. LOL.
So, I hope we go up from here, because before like last week it would move up and then fall right back down due to selling pressure. And like I said before in case you haven't read my previous post, that led to an unmitigated disaster the last couple of weeks.
Best of luck to you and yours, Serb and to all rXMD longs.
cbo,
sam bam
Well, we are off to a bad start today. $.075. Ouch. This is starting out as an unmitigated disaster, but there is hope. WE just need good news to come out. Will Oleg Firer be our new CEO, replacing Mr. Steinberg? Or will they bring Ms. Mars back, realizing the error of their way? Or maybe they'll hire one of Armen's relatives, keeping it all in the family?
Just kidding on the last one of course.
Anyway, best of luck to you and yours as we are all in it to win it. But one thing we can all agree on, is that we can't afford another unmitigated disaster this week.
Also, I really wish we could get Ms. Mars back in some way. She was a lot better CEO in my view than Mr. Rosenberg. She would talk and put forth a vision, and was very transparent. Good qualities. Mr. Rosenberg is a mute, a puppet if you will, with the puppeteer Armen.
Well, after last week, which was a pure unmitigated disaster, I'm hoping for better things AND SOME NEWS this week. Come on, RXMD management (aka Armen), get your act together and get some positive, substantial news out, like quarterly results. Although, I'm concerned that we will with those results only be on track for $40m again, and not the $50 million that our token CEO Mr. Talkative Steinberg said they are striving for. But even something between $40 and $50 annualized would be better than radio silence.
800k shares on the ask at 0.085. Eeegad! Someone please buy them. We don't want this to push the close to the .07's. That would be another unmitigated disaster.
No alias. I am Sam Cunningham. I worked in the mailroom of a big company for most of my life, and am now retired. My friends call me Sam Bam.
Anyway, didn't mean to ruffle feathers. I just have a lot of RXMD and am totally frustrated right now, as you can tell from my posts. And the more I see the SP going down, the more I can't stop focusing on Armen's slippery nature with our future $ in his hands. Armen is a smart guy, but not sure if we can trust him. He can make bank for us or we could get screwed. It's a chance we all take I guess.
Well, best of luck to all RXMD longs. I haven't lost money yet, but we're getting closer by the day.
cbo,
Sam Bam
I hear you, and believe me...I don't want to sell and I'm a big holder in RXMD. I want to make a lot of money. BUT you cannot deny that this has been a complete debacle from 20 cents now down to below 8 cents. It's a mess. I hope it will bounce back to 20 or maybe even 30 or 40. But we can't hide our heads in the sand and think that things are doing fine.
500k on the ask at open at .08 - this is an unmitigated disaster.
Let's hope for an up day today. I don't think I can stand too much more of this.
By the way, for those who think Armen is a saint, is there a reason why he is not our actual CEO or other leading officer of the company? I recall he got banned from holding office a while back.
Have you seen in the year-end release where his cousin/wife/sister (same last name as him) is the head pharmacist and she is getting a cut of the gross profit. Very unusual.
I hear you. And part of what I said was frustration. But we did drop from .20 to .0775. And that coupled with the unscrupulous nature of our leader, Armen, has cause for concern. And make no mistake about it, Armen is in charge. The CEO is simply a useful idiot. Mars wasn't that, and he booted her out. Says a lot. I'm in big and a bit stuck at this point, so need to hold steady, but the more we proceed down this slope, the more in question becomes Armen's integrity (lack thereof actually) and do we really want to put our faith and $ in that guy?
We can hide what's happening by saying it is going to pop to 20, 30, 40, 50 etc. once the quiet period is over and we get the uplist. But the fact is that NOW this is an unmitigated disaster dropping from a high of almost twenty into the 7's. Wow. Very frustrating. And likely more slippage to come, if we want to wake up and be realistic about it.
What an unmitigated disaster today. Oh well, we'll wait it out and hope for better days to come. I'm 100% in with this stock, but ARMEN concerns me - he's a bit slippery. I'm really hoping that all is on the up and up. I agree with those who believe this will get a tremendous pop upon uplisting to NASDAQ, but again, hopefully Armen doesn't throw us a curveball and screw us all. Just being cautious with my concern.
GO RXMD!
That's true - communicating that change of policy would have been good. Now instead, we are left to wonder why they aren't releasing, and despite not wanting to think bad things, I have to consider that revenue might not be good. And if they decided to stop, then why release COVID revenue numbers? Although I guess that is more of a "news" release because it shows specifically what they are doing in a certain area of their business.
Interesting take...that's indeed possible.
I have another question - this one on the debt conversion.
What is the basis for converting debt to common stock? Is it based on the average stock price over the past 30 days, or a set amount?
If average stock price, then it would be to RXMD's benefit to get the stock price up so that the conversion dilutes less, right? So, if I'm RXMD, I'd be pushing out whatever positive news I could (including good monthly revenue). Or am I missing something?
Appreciate responses from those here who know more than me!
Anyone else wondering why they haven't released January, February, or March revenue numbers yet. In the past, they have always released monthly revenue. I hope all is okay, but why wouldn't they release if it's good? Do you think it's because it's not good, and not on the path to $50 million for the year. Even odder is they told us what full Q1 revenue was for COVID testing.
I don't know, I just think it's a little strange and it does I have to admit cause me some concern.
With that said, I'm long and strong on RXMD - looking for big payoff in the end, whenever that might be!