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What price action do you think we will see Monday? I am trying to accumulate a bit more but IDK!
I can't imagine so. That would be like going into Target and using their pharmacy but also holding it's equity. There is nothing against the rules or law to do that.
Some investors go and loiter at places of business to see how they operate. I think it's a good way to see how it's day to days operations are, how often they are delivering medications, and general business culture.
It's a small shop but is generating a lot of revenue so I would be curious. .
I will run it by a friend who lives near where the company is. I will see if they can send me pics and go in and speak to employees there.
I am curious what everyone's take is on Ms. Mars holding a position at the company they paid 90k for their promotions.
That info can be found here:
http://www.boustead1828.com/boustead-team
This isnt to stir the pot. I just want honest opinions.
Thanks Honeycomb! I appreciate it and I hope you are well rewarded for it. I am not a big time investor but it looks like you may be well rewarded for your wait come monday. I guess the question is do you stay in for a while longer yet take some profits or are you going to reduce it all!
Honeycomb I appreciate your promoting of the products here. I am curious do you get paid to do this? It appears so since I see you on other boards doing the same thing. Nothing wrong with it at all it's just my curiosity. I do think it is the companies job to show the investor their value hence what drives volume/price but that is my take.
Also, from the technical side I think that if they do RCT and show that their products are beneficial they should do trade shows and try to get some bulk sales as well.
That's awesome. Seems as though you have had a decorated professional career. I imagine being in the marines has helped your investment strategy in regards to being disciplined. I work in health care, work 3 jobs, and currently getting two master degrees so this is my side hobby. I am in a good position to start saving towards retirement. To change your socioeconomic status is tough in this day and age.
I been using investopedia and a few other websites. Robinhood, Acrorns, TDAmeritrade, and other forms. Disruptive technology is really helping people bridge the gaps in regards to investing.
I hope to lean options, binary, and shorting soon but there is so many nuances to learn with each style it's fascinating.
Some do, some don't. It's out there. The Monarch Bay deal is interesting with Mars. She works for them too. They are paying them a lot to do work for the company. I don't need to bash anyone I am more interest to see what comes from it. I plan on staying invested with a small investment because I like to be proven wrong but it's all highly suspect.
Thank you for the adult response. It's ironic how folks get so offended when you put real information out there. To me, bad practices should put people to the forfront. We need to hold the leaders in companies accountable. The penalties need to be much more harsh for those who swindle money whether it be Armer or the next guy.
The CEO is why I am sticking with the stock. I think she has provided a reasonable and judicious framework for the company which will help it succeed. She seems to be very concrete without stating unrealistic statements just to "hype" the company. Everything I have read, watched, or heard about her has given me the confidence.
The part I am unsure about is how Armen was able to leverage himself as the CFO after those allegations occurred. Either is a changed man or he is a swindler.
Time will tell all.
It does make Mars relationship with Boustead Securities (Monarch Bay Securities, who Progressive Care is now in a contract with, more suspect to me however.
http://www.boustead1828.com/boustead-team
My agenda is to put it out there. Pretty simple, I hate cons. Period.
Alright, here is my positive news.
Page 9
http://www.lefloridien.com/actualites_images/LF369.pdf
Respectfully, if you practice poor business practices you are suspect. The old adage that birds of a feather flock together holds true.
This is the summary of the situation:
This was in Progressive Care Inc. Q
The entry of an order by a self-regulatory organization that permanently or temporarily barred suspended or otherwise limited such person’s involvement in any type of business or securities activities.
On September 28, 2012, Armen Karapetyan agreed to an of
fer of settlement from FINRA, an SRO, without admission of any wrongdoing to voluntarily forfeit his securities licensure and
accept permanent bar from engaging in securities activities at a broker dealer. This agreement was made after allegations of violations of various securities rules and laws.
However, FINRA, did agree that no willful violations occurred.
This is another summary:
Armen Karapetyan (Sunny Isles Beach, Florida) was named as a respondent in a FINRA complaint alleging that he knowingly or recklessly made a series of material misrepresentations and omissions, and engaged in fraudulent misconduct, in connection with the sale of private placement offerings to investors using interstate commerce. The complaint alleges that Armen Karapetyan failed to conduct a reasonable investigation prior to recommending that his customers purchase the offerings and relied almost entirely on unsubstantiated statements and although Armen Karapetyan requested audited financial data from the issuer, he never received audited information. Karapetyan was also aware that the founder’s had criminal history prior to offering the security to customers. The complaint further alleges that even the very limited due diligence actually conducted by Karapetyan raised significant red flags which should have prompted additional investigation.
https://securitiesarbitrations.com/finra-files-complaint-fl-broker-dealer/
However I read the whole report it's a lot more worrysome than that. The devils in the details because the deeper you look there is a history there.
Maybe he was just an extremely neglectful person however I am a big fan of jailing people for white color crimes. He screwed people out of over 2.1 million dollars and just got barred when people that get caught for weed get 5 years in jail. It's a comment on our society when we think it's ok.
Ok rant over
I still own the stock and plan on buying more but I think scrutinizing someone for poor behavior is the right thing to do.
I am green to investing and try to diversify my accounts. Pension/Roth IRA/Bonds/stable companies/ and then high risk. I am teaching myself everything as I go guh!
I still think it's a decent investment for now. I am a SMALL TIME investor and have stocks in stable companies and more high risk ones but I only invest what I can lose.
With that, I have looked into the company and from that standpoint it's solid- those who run it are obviously questionable.
I think it may be worth exploring and speaking to different folks at the SEC/FINRA if they have a way they watch people that are back in the "game".
More to come
I appreciate your strategy. I think when I more of my stocks that I are safe bets give me a return I will use more money for high risk stocks again.
How do you screen your stocks when investing in high risk stocks?
I am reading the FINRA Disciplinary Actions report right now. It's concerning regardless if the company is doing well or not to have someone with poor ethics involved. It makes the rest of the business suspect. Most of the report states there is omission and misrepresentation that led to a settlement. I am reading through all the details but I think we all can say it is a red flag. I am invested, plan on investing more, but I think if I get a chance during the next CC it might be worth bringing up.
http://disciplinaryactions.finra.org/Search/ViewDocument/32435
Is the report- we can all make our own minds up about it. I always think being transparent is the best route to ensure long term growth.
I am reading it all but have you submitted this to the CEO Mars or have you reported concerns with the SEC/FINRA?
Unfortunately this has very little to do with Trumps policy and more about how poorly this "company" is managed. They have literally nothing to show for all of these people that had invested in the company.
This is garbage and I bought into a while ago. I will let me stocks die with this company as a reminded of why not to invest in a company that has literally zero product on the market.
Thank you, I tried to add more information however it's erroring me out. I am going to submit someone to fix it. There is some more info, contact info, and misc things I want to add for folks to get more educated. After doing a lot of research I am actually surprised that this company does not have a larger market share. It makes me wonder how aggressive are they?
I put in an order for 11,000 today and will be putting in 30-40 next week. I can hope they get filled!
Also, 6pack2go is welcomed here because having a different opinion is always welcomed. Of course this is if he can support his claim with empirical evidence. Of course, I will vet his information like he was under federal investigation lol
There is no news to be had with this company. It's nebulous and ambiguous hence why it's stuck at the price that it is. As someone who has followed this stock for the past 6 months it's a waste of money. There is no actual goods the company has produced. This company suckered you all in and will spit you out, some MM groups are milking the money off the poor souls that invest in this. I was one of them but I made it out with my shirt on.
I would love to see more substantial information about this company come to surface but I think we will be waiting for a LONG time if ever to see something of substance come out of it.
You are welcome Gi- I think the market (and greed) really play in this idea we must be "better" than someone else while my philosophy has always been when the bottom does better (figuratively) we all do better.
In regards to your thoughts on where INNV is. I have two ways I am viewing it's position right now. I am green when it comes to MM and O/S vs A/S but what I sense right now is that if INNV is bringing meaningful products to market there will be nitch for them. I do not expect this to "go to the moon" but rather small incremental gains throughout the year. I think folks here are reading too much into the CEO statement and he should state we hope that it happens in this time frame but the reality is it could happen between X and Y.
I think $1 price for the stock is reasonable within the next year if they keep the growth they have been experiencing and are smart with their marketing. Their products need RCT to help drive the need of a OTC "supplement" and to support why it's useful.
Again, I expected to see this to be volatile for a while. I bought in at 7 cents, 21 cents, and 25 cents for a total of 10000+ shares so I am a small retail investor. I held on during their crazy increase in price because of tax reasons (I totally should have sold!).
I don't regret it since I feel that it's worth holding onto. I am currently invested in FSI which I think we will see some strong gains in- I am under in it but averaging down- AMD and RXMD.
These are all growth stocks since I do not know binary trading or options/shorting/ all the other methods. I am a traditional fundamentals guy and see a lot of potential with INNV but we are going to have to hold for 6+ months to see the benefit. I would say if you have capital you can reinvest it might be worth averaging down and when you see a 10+ cent gain take out your cash and invest in something that may be on shorter term growth.
I try to invest safely since I am not rich and super green. I know there is always a risk investing and this is a fairly safe penny stock IMHO.
I hope that was readable since I am multitasking.
Hi Gi197545
"FDA has until 12/31/17 for Fluticare review/approval/rejection, until it's considered late and being that the FDA is usually always late, it could take until 3/31/18 and by that time the market will be dominated by either flonase, or nasal issue will be cured by another big pharma."
I doubt it will be cured but the length of time to wait is obnoxious for sure.
Also, why would anyone buy these non RX products? Most people get an insurance company copay for an RX.
OTC medication is fairly common and it's possible for insurers to pay for some Rx's that are OTC though it's not often. Also, copays are rising significantly so I imagine it will continue to be a cheaper option than most. I would need to go look at what Rxs are and the general cost. I guarantee its a difference in price and more often than not it's tiered differently so insurers will likely force people to pay OOP.
How many unhorny women could really be out there anyway, that want zestra? A lot, look at who got elected. (Total slight at who is elected I know!)
Could an Alzheimer victim actually remember to by Recall Max? I assume it is geared more towards spouses and families. Since it's targeting a progressively worsening disease people will look for hope in any product said to help with symptoms.
"Thus far, I'm down 40+% on my INNV investment."
Dang, I would suggest if possible to average down. I am waiting for it to drop in the teens if I am to pick up more myself.
It's amazing to me that how slow and craptacular the FDA is!
It's been severely underfunded for years. Blame the GOP
https://www.washingtonpost.com/politics/house-republicans-vote-to-cut-funds-to-implement-food-safety-law/2011/06/16/AGMS82XH_story.html?utm_term=.8f8562d7bd61
Primary Scientific Literature Review
When this term is over I plan to look into the RCT they put on for their urinary urgency medication. To be honest if it does what it states, has no pharmacological interactions with other common medications, and helps improve voiding then this supplement would make a ton of money marketing to the older populations. In fact, if it works as good as it states this may be a cash cow.
I submitted for moderator so I can add slides they sent me. We will see what happens.
A little off topic:
Do you think level 2 is worth it? I have thinkorswim- so there is that though I have not used that much since I trade primarily from my phone. Also, those who PM me thank you for the info- looking at JohnCm and others.
I wish I was lol!
To me: This stock is one I will keep investing in and buying on the dips where I can. Even a small retail investor like me plans on staying in this stock long term and continue to accumulate. There are only two stocks I own that are penny stocks. Those being this and INNV. These two stocks have the highest upside potential and I plan on staying in them at least a year or two.
The stocks I own outside of that are AMD (bought in when it was about $4, FSI which I been averaging down in, and GIG which I got in under $2.
I feel confident as a trader even though I am extremely green and have not invested in options trading, binary, or shorting (I plan to someday).
I have a cousin in FL who I plan on visiting and when I do I will drop off at their facility to see it. I have used google maps to ensure that it's a brick and mortar store.
With all of that being said- I think this company will gain some market space because of their services. Specifically having a Rph consult with a pt in home, home delivery, and many components of what is known as "managed care". Cost savings are huge and if the market they are competing with does not provide these services I wouldn't be surprised to see their model being the "it" model in that market. Their licenses in other states is a great piece of info but I am fairly certain the reasons I stated above will be why this company is successful. (The robotic dispenser is a big reason why they can have Rph go out into the community and consult)
Thank you for sharing that. I am still trying to educate myself on how to read charts and put it all together so when folks share things like this I smile inside, too bad I am not rolling in the monies because I would drop 10-20k into RXMD if I had it.
I meant the company they are in a contract with not RXMD. I am curious what $7500 dollars a month will return for RXMD.
Thank you, I thought about it after I posted and realized that. I guess the real question is how good is this company they are paying $7,500 a month. What type of ROI are they expecting from it.
Maybe I am dense but I am not sure what this specifically means for us (longs).
Personally, I always have attributed it to the stocks volatility but I hope I am wrong!
I wish I could buy in at .029 but accept that is probably not going to happen :(. I buy when I can haha
No worries! I was writing a 15 page graduate paper on theory while I wrote it so it was I hope it was clear enough to understand. I was a little distracted so after I posted it I read it and was like- oh crap I should of proofed it.
I agree with your assessment about him setting the priorities of how policy gets implemented but to be honest I think he is another crony and is going to do things out of special interests not the public's best interest.
Hey Red, thank you for the long post. Let me dive a little deeper into what I am specifically thinking to give you a better understanding of how I imagine they are getting paid. 1st let me set the grou
"S&P, DOW have risen since the election, so you are arguing against the unwashed multitudes as well as savvy investors.
The idea that the U.S. economy is tottering is rubbish. The economy was tottering when "W" left office. Not now. Trump has said the outlays needed to rescue the U.S. auto industry weren't necessary. Maybe they were, maybe not, but the industry was rescued along with the financial sector. The debt that was incurred is incomprehensible (can you really envision a trillion of anything), but it has been steadily declining. As long as the decline continues, we're OK. (It declines to zero.)"
I agree with 100% here. I disagree, and rightfully so, with your assessment that we have no idea of what he plans to do with the ACA. If you look at his appointments, previously stated plans, and general operations of his own business enterprises it's pretty easy to see. But in order to further my point here is the RAND assessment on the proposed changes.
http://www.commonwealthfund.org/Publications/Issue-Briefs/2016/Sep/Trump-Presidential-Health-Care-Proposal
In summarizes that the policies would increase the number of uninsured individuals between 16-25 million relative to the ACA. Enrollees with individual market insurance would face higher premiums than under current law. Since it does not replace any of the financing mechanisms the federal deficit would rise by $0.5 billion to $41 billion. To further expand on that the things that will not be measured directly is bankruptcies due to health conditions, medication adherence based on ability to pay, and so much more.
"PharmCo is a fully accredited DME supplier. In November 2010, as part of Medicare's competitive bidding, PharmCo was awarded a three year contract to supply hospital beds, oxygen supplies, power wheelchairs, scooters, walkers, and other related equipment and accessories in South Florida."
During the last several months, Progressive Care has been evaluating acquisition targets in a number of other health care spaces. The company identified and began negotiating terms with home health care agencies and clinics. However, the Company will not be proceeding with acquisitions of home health care agencies at this time due to new Centers for Medicare & Medicaid Services (CMS) pre-claim review demonstration procedures set to be implemented October 1, 2016.
"Progressive Care expects that the new rules set by CMS will greatly increase the number of denied claims by home health care agencies, reducing the number of patients who would qualify for home health care coverage. The company believes that the new rules will also increase labor and overhead costs of operating home health care agencies by necessitating additional personnel to review, process, and adjudicate claims.
"We are disappointed by the new regulations set by CMS for home health care agencies," stated S. Parikh Mars, CEO. "While we remain hopeful that opportunities remain in the home health space, we will not proceed with new acquisitions until we see the effects of implementation on the industry. However, the Company remains on track to reach its sales and earnings goals for the year and will continue to push forward on its expansion objectives to drive long term prosperity and shareholder value."
Also, who do you think their largest payee is for their compounding line of business? 39% of Florida's health insurance pool are governmental funded?
http://kff.org/other/state-indicator/total-population/?currentTimeframe=0
In regards to the tottering economy I mean wages are flat, most growth has occurred in medial jobs, and finally after 8 years with an obstructionist senate and house who set out as their sole purpose was to hamper our president getting any of his agenda through(I am sad to see him go)
Point is- if you factor everything in- yes he will impact the cost and the company.
I know we are a pink sheet company and it is a GAMBLE but dont play coy because you seem like a smart guy and can deduce from the quantitative information and realize it is bad for RXMD business. I am not implying it's going to tank the company but do not expect amazing growth like we have been seeing.
I have more to say but I need to get back to being productive. Hopefully that clarifies a bit of what I was saying- I think you projected your feelings of Trump towards me. That is only allowed when you share the wine and laugh after. I am not a neophyte nor am I talking out of my ass.
In regards to your MC/MR question:
I am obviously not articulated myself well since I am distracted. What I meant is that we will see monopolistic behavior displayed by all insurers as we did before in the 00's. However, people will continue to demand services and due to the current plans in place by the house and senate our cost shifting and economic models only foreshadow a shitty climate for agencies that are unable to compete with larger fish in the pond.
http://math.illinoisstate.edu/krzysio/healthcare.pdf
Agreed, I am diving deep into the companies portfolio. It appears that roughly 80% of their sales are to 3 companies that are unnamed. I am curious how they get their product out there and if economies of scale have anything to do with the reason for limited expansion. I sent you over the ptt via e-mail. Thank you for doing that!
I emailed the company to get more info. They sent me over a PDF which has great info on it. I think that they are just not an aggressive company. For example, they shut down operations in their capital investment that produces aspartic acid due to economic factors. Their primary supplier has been China but when shipping and petroleum costs were impacting their bottom line they invested in a plant in order to keep costs down. Since shipping and petroleum costs are down they have shut down the plant which is saving them 800k a year. This is all relatively new news but I had to dig to find it. My costs per share are about 1.59 right now and I hope to average down more this week. Do you know how to post information to this page so others can see their IR slides?
I agree with this halfway. The question is who are the primary payees for the Rx's. It does matter because the pool where they get their clients from, how they bill insurance companies, and so much more will be impacted. I am not being alarmist but as someone that deals with this all the time I have a pretty good idea on what could or could not happen.
You are absolutely correct. I for one am slowing down on the rate of investment until I can better gauge the economy Trump will set forth. I think the economy is not strong enough to handle four years of a Trump presidency, personally. I imagine we will see a recession because the bottom of our economy will drop out which is shaky at best right now. Based on all the qualitative and quantitative information I can find we are in for a world of hurt across low and middle income folks which support our consumer economy.
I need to get on more CC. If you look at it's last CC there was no one on it. I imagine they need to drive some more investor interests. I appreciate their organic growth and stability as a company. With our current climate crisis as it is I am curious how that will impact the demand of their products as it relates to productivity of other industries.
FSI is a solid buy in my opinion and after evaluating it I am still surprised this is not 2-3 bucks a share. If it gets noticed by other large investors it could definitely get there and reduce some of that volatility we see.