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correct...so between 7/9 and 9/16 about $415,000 was paid...assuming through dilution that with an ave pps at sell of ~0.9cent it would have been ~46M shares...blocktrades were roughly ~120M shares so we can safely assume 1) that almost half the dilution (if it all was) was directed to pay off and that 2) at that rate, hoping the pps wont drop max 3 months are needed to pay in full....all the company said it would do was transparent and true. Of course should they have used half of the dilution for expenses that is totally reasonable esp. given the Q over Q growth that will secure a halt to all dilution soon.
Thanks to all
Specifically what was the latest date on which we were informed on the debt remaining and how much was it??....the difference will tell us roughly, based on larger blocktrades in that time period, how much dilution was used to pay down debth and how much for expenses!!
If current remaining debt (~$520000) would be entirely paid through shares at current pps 100M shares would have to be sold.
How does the current debt differ from latest (when?) update (how much?) ANYONE more knowledgable?
It appears that the dilution in the last 2 months was mainly used to pay expenses/salaries...not debt?!
250 k $ would need a dilution by selling 41M shares at this pps
action nice, volume still weak, board miserable
i think it is a wise decision esp. for the long run to purchase a good sized position at these pps levels
I do not see the pps collapsing from its current level even if there is no growth/revenue growth...then decisions could still be made as to reduce positions...however if there is a small but steady consolidation in combination with growing market share the 401k approach could be a very good idea and could be initiated now for those that have no or small current positions?!
Also: something I only suggested to one other stock ever (ECIG): consider to treat RXMD investment like a 401K = Add consistently every 2 weeks to build up your position w/o significant risks but highest potential for major reward IMHO
SAFE & SOUND INVESTMENT: consider to treat ECIG investment like a 401K = Add consistently every 2 weeks to build up your position w/o significant risks but highest potential for major reward IMHO
half my shares I will sell on the way up to 10 cents, the others keep into dollar land with or without upgrading efforts through RS....wont change my strategy unless no pps movement occurs through Jan 16 (and even then might flip alongside some long position)
me too....great reward/risk ratio at these levels (or anywhere between .005 and .009 for that matter)
stokbrokin...I know you from other sites and share some of your "timing problems" :) did you give DD on RXMD a try...serious consideration...I purchased a M shares and are very very confident there
As to ANRZQ I believe that we will make it close to the dime range rather sooner than later but don't know what would realisticly happen with respect to holding after a potential 0.2 gap up
excellent info....thanks....right on the spot as to why and when to invest = NOW imo
I wouldn't be surprised ifDan and Phil and other ECIG staff might buy on the open market these days..Dan set the tone with a little position (sure to be increased in tranches before warrant option)
I will be starting into tomorrow with more shares from todays purchases....at this time no prediction as to the possibility to break out of the .04s tomorrow.
However, I feel that I am now all set to comfortably go long, and even after occasional selling opportunities will still have a solid core position.
Good luck to longs and flippers...we all will do well with patience.
these waves with 60% swings are driven by retailers and will probably continue with upward tendency into the dime range
me too (just 20000) volume picking up....should get into the mid .05s in an hour
yep...bought some now and will an equal amount of shares should it drop into the 0.04s
the volume will pick up later this morning and could well cause a rise...esp. since the markets are having people look for alternatives and the week has several trading days left
looks great indeed...not a typical OTC situation at all, thus, very promising for longs.
Also, for the first time we are on the IHUB breakout board...one more day like this and we might be among the most read..so guys/girls do your DD.
Once we are up in the mid dollar range with some patience we might even see more::::. reorganization/info starting end of october and stretching over a year:
(http://www.conferencecalltranscripts.org/8/summary/?id=1921474)
No later than October 30, 2015, delivery of a five-year business plan reasonably acceptable to the required DIP Lenders (the ?Agreed Business Plan?).
No later than November 30, 2015, delivery of a plan and timeline reasonably acceptable to the required DIP Lenders (i) to market and implement the asset sales, assignments, closings and abandonments (if any) to the extent reflected in the Agreed Business Plan and (ii) with respect to significant executory contract and unexpired lease assumptions and rejections.
Within 135 days following the Petition Date, deliver to the Administrative Agent an updated Agreed Business Plan reasonably acceptable to the required DIP Lenders.
Within 155 days following the Petition Date, deliver proposals contemplated in the Agreed Business Plan, if any, (i) to authorized union representatives seeking modifications with respect to collective bargaining agreements and (ii) to authorized representatives of retirees seeking modifications with respect to retiree benefits, in each case, consistent with and solely to the extent required by the Agreed Business Plan (any savings and work rule changes reflected in such proposals, collectively, the ?Labor/Benefits Savings?).
Within 215 days following the Petition Date, seek Bankruptcy Court approval of any Labor/Benefits Savings consistent with the Agreed Business Plan.
To the extent that any Labor/Benefits Savings consistent with the Agreed Business Plan are not otherwise achieved on a consensual basis without the need for court relief, obtain any requested Labor/Benefits Orders within 320 days of the Petition Date.
Within 300 days following the Petition Date, file an acceptable plan of reorganization.
Within 90 days following the filing of a plan of reorganization, entry by the Bankruptcy Court of an order confirming such plan of reorganization.
very promising
volume now surpassing fridays volume and still despite the 100% gain in recent weeks no sign of significant short selling or MM manipulation...get on board is my advise
Historical Short Selling Data For ANRZQ
Date VolShorted High Low Close ShortVol RegularVol
Aug 28 15.89% 0.06 0.03 0.05 1,964,110 12,357,474
Aug 27 4.37% 0.04 0.03 0.04 150,200 3,434,589
Aug 26 1.09% 0.04 0.03 0.03 10,500 965,839
Aug 25 5.51% 0.04 0.03 0.03 208,464 3,785,111
Aug 24 20.72% 0.04 0.03 0.04 548,049 2,645,651
Aug 21 16.73% 0.04 0.04 0.04 352,220 2,105,030
Aug 20 12.67% 0.05 0.04 0.04 999,900 7,891,889
Aug 19 29.15% 0.04 0.03 0.04 1,935,799 6,641,594
Aug 18 11.46% 0.04 0.03 0.03 372,600 3,251,113
Aug 17 15.84% 0.03 0.03 0.03 295,292 1,864,282
Aug 14 11.12% 0.03 0.03 0.03 277,033 2,492,369
Aug 13 12.21% 0.04 0.03 0.03 817,924 6,697,440
congrats to all that accumulated shares under 0.1 :)...an AVE between 0.03 and 0.1 will do miracles to you accounts in the near future IMO.
we should be testing the .7s today and within the first 3 trading days of this week continue the trend....without MMs and surprisingly few radical flippers we may hold close below the dime-range by friday...and, then could see the before mentioned (and by many posters rationaled ).2 gap next week.
GLTYA
you are expecting Looking a gap fill at .20 - why do you say that; whats you rationale????? H a nice WE
silence now? will still close up! come on girls/boys...lets get us at least on the breakout board :)
the Thermal Coal CAPP Price is 42.77 USD..thats ~5% higher since obamas announcement (and ANRZ's BK filing) and the price of 2004 and just 20% off from just recent years with mining aquisitions.
It depends really on signals such as government policies/subsidies/changes...on the willingness and creativity of ANR management and lenders...on just little fluctuations of demand and (over-)supply and mine closings etc
a big experiment but the one ticker to risk it with is beaten down ANRZ with such a gross undervaluation as the big automotive tickers that came back some 6 years ago
thanks for your thoughts.
The combination of DD and knowledge about OTC while watching over 4 month signals to me that RXMD pps could still (but not much more than) decline by 80% (~9.9915)if worse came to worst)and, likewise could gain 1300% (~10 cents)until EOY.
Thus, I just completed a position of $10000 (even though normally with OTC I don't go over $2000 per ticker) which will bring me between a loss of $8000 or a gain of $120000. Assuming that with either tendency in PPS movement I reduce losses or sequentially shed shares with o lower gain I say now that I would loose either $4000 or gain $60000 on the short term.
I do not flip in general and could also consider to follow this pharmacy experiment for several years to come (for example buyout; or PPS rise to several dime range before a moderate RS to get into uplisting range, etc.)
I simple words just like you: I like RXMD
yep...aldhydes such as acrolein for example, or tar, or heavy metals are not in ecigs
as close to a pulmonary paradise as it gets for addicted people and nice close to insignificant influence for occasional pleasure
and it could make you rich :)
thats why we choose ecig(s)
thanks so much stervc....low volume maderators are more trustworthy anyways :)
may I ask since when you were following RXMD?
have a great eve
ping pong on an ask/bid spread...either you ladies/gents believe in the potential or you don't...but noone is loading and noone likes to sell big; MMs not really involved and rockbottom for a sector and company that might be one for the historybooks few years from now and certainly will bring on developments from october 2015 on
new moderators needed::: does anyone have the time and patience and enthusiasm to add him/herself as moderator...thank you
where are the moderators; please sticky badguy's and other's find!!! thank you
the anticipated correction to the starting line up around 1 cent
hello MODS...can someone sticky this (several ihubbers run into this article and posted here today
wonderful opportunity here as nicely and accurately summarized below (from Seeking Alpha; A Red Market Has Investors Searching For Safe Havens; Aug 25, 2015)::::::
"""......Sales increased by 21% year-over-year in 2Q15 and CVS added 11 net new clinics in the quarter bringing the total to 997. It also helps that Berkshire Hathaway (NYSE:BRK.B) and Jorge Lemann's 3G own more than 50% of the company with a combined 51.1% stake in the company (Berkshire holds 26.9%, 3G owns 24.2%)
Likewise in the small cap space, Progressive Care Inc. (OTCPK:RXMD) through its subsidiary Pharmco LLC has realized incredible growth over the last 18 months through largely increasing the reach within the South Florida market and achieving quarter over quarter increases in prescription volume. The company ended 2014 with revenues of $11 million and after the first two quarters of operation is on pace to top that by the end of 2015. In a recent independent analyst report, not only has the stock received a buy rating and short term price target of $0.03 (233% above Friday's closing pps) but the analyst also cited several key reasons for growth. These included healthcare consolidation as well as the region itself, Florida being one of the top five med-tech job producers in the country.
During the three months ended June 30, 2015, prescriptions counts reached a record high of approximately 43,000 fills, which represents a year-over-year increase of 11%. In addition to this, Progressive reported a net revenue increase of 18% year-over-year for the six months ended June 30, 2015 from approximately $5.40 million to approximately $6.40 million. From a loss of $270,000 for the first two quarters of 2014, the company reached profitability in 2015 of approximately $85,000 and improved cash on hand realizing an increase to $282,486 from the beginning of the year. These numbers are traditionally not something you see with pink sheet companies or stocks trading at these levels.
Over the last 8 months the stock has seen prices spike as high as $0.08 and $0.049 in more recent weeks. The $0.03 target short-term appears to be attainable with the major risk being the company's current debt reduction mechanism in place. Though this has been a source of dilution, Progressive has not let it go unnoticed and has kept the public updated as much as possible. As of the last PR that included information on such instances, the company had extinguished over $600,000 through its 3(a)(10) transaction. Being that this was stated in early July, it would stand to reason that this number would be greatly different taking into account the total amount of volume the stock has seen especially during recent trading sessions.
Other safety stocks include Time Warner Cable ........"""
don't worry...zedsdead's tomorrow will come and so will your's ...10 cent EOY, easy incl. diamond's suggested rocket rides before x-mas
the finra daily files and the resulting OTC short reports are fairly accurate when compared to the actual (retroactively confirmed) short interest numbers...esp. in cases like RXMD where no significant naked shorting was observed.
RMXD trading is remarkably steered and I give management credit for this and the very reasonable share structure.
You are right..this poster has no clue
me too
august 12th was the last big shorting day (~10 mill shares)
(you and I know what would happen if dilution irresponsibly would be carried out, incl. shorting,....the pps would have been at </=0.001 within the last 2 weeks)
PPS is stable and rise is imminent
istorical Short Selling Data For RXMD
Date VolShorted High Low Close ShortVol RegularVol
Aug 25 16.30% NA NA NA 1,021,281 6,265,564
Aug 24 38.93% 0.009 0.008 0.009 4,077,580 10,475,139
Aug 21 50.10% 0.01 0.008 0.009 2,901,840 5,792,385
Aug 20 5.78% 0.011 0.009 0.01 348,030 6,019,591
Aug 19 52.57% 0.012 0.009 0.011 2,237,877 4,256,829
Aug 18 23.22% 0.011 0.01 0.011 494,262 2,128,543
Aug 17 36.91% 0.01 0.009 0.01 545,792 1,478,557
Aug 14 46.15% 0.011 0.01 0.01 749,534 1,624,003
Aug 13 34.58% 0.011 0.009 0.011 1,043,461 3,017,691
Aug 12 47.63% 0.013 0.008 0.01 10,354,801 21,738,757
Aug 11 28.92% 0.009 0.008 0.009 1,107,500 3,829,150
Aug 10 16.91% 0.01 0.008 0.008 442,456 2,617,283
1. you are asking the wrong poster 2. responsible dilution (no shorting, no sells at the bid, no crosstrades etc.) indeed occurs 3. as before to pay down the residual debt
lets all find out in few months...IMO its a rare jewel
EOD ask slaps again...by whom? and why?...nice experiment this week