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When you take into consideration all of the due diligence sf has put together, the relationship(s) between NETE and RXMD, the resignation of Ms. Mars, and the hiring of Cecile Munnik, it's hard not to be excited about the next steps they're about to take.
From Cecile Munnik's LinkedIn:
Strategic Leader & CPA with a proven track record of finance & accounting leadership for companies and business units exceeding $3B in annual revenue, and demonstrated expertise in US GAAP, SEC Reporting, (10-K, 10-Q) Sarbanes-Oxley, Public Accounting, Mergers & Acquisitions (M&A), Internal Controls/Process Efficiencies, ERPs, and Strategy Planning.
We're going to tread water until the next PR
Not surprised, we know ALPS has been steadily selling shares, it's actually less than I thought.
Hundreds of thousands of women (CEO's and all types of workers) work while pregnant or trying to get pregnant. She has one child and has had several miscarriages since (one of my daughters has also and is now pregnant again).
Trying to get pregnant and grow her family may have been a side consideration in her leaving, but it wasn't for her first child and subsequent pregnancies as recently as a year ago, so I still contend the main reason for her departure is she doesn't have the qualifications to lead the company into these new horizons they are embarking on. And that's ok, everyone has their limitations.
Agreed, she wants to start a family and a new life, she has accomplished all that she can with RXMD and with the company moving in a new direction this is the time for her to move in one also. I wish her the best.
The lawyers shut the questions down, and I'm pretty sure just about every one was about the S1 and merger. What else could have been asked that wasn't addressed in the call, or that investors were interested in besides the S1?
I can understand why they were conservative, and it doesn't change anything; clearly they implied what we wanted to hear. If the deal was dead they woul have said so, and combined with SF's due diligence it's easy to put 2 and 2 together. That may not be enough for some and the stock may tread water until they PR something concrete, but that only creates a buying opportunity.
I've been persuaded, thanks for your efforts - great due diligence!
Maybe so, and I'm not knocking what she achieved the past few years. But everyone has their strengths, weaknesses and limitations. If what is being proposed as the future of RXMD I think her replacement was necessary. I wish her the best in whatever she does next.
Once again, if the company was doing poorly and there were no discussions of an S1/merger, your theory would be plausible and her departure a major red flag. But adding in the facts of the company's growth and the S1/merger (refer to stockforce's post as to the players involved with RXMD including their investment bank), then your theory doesn't hold water.
The logical answer is she's not the person to lead them post-merger. And by your own words earlier you said RXMD has not produced a good return had you bought and held 5 years ago. Keep trying though.
SF, are you merely speculating or do you have concrete knowledge of it? Thanks.
Nice buys and bids, let the non-believers get out but someone is looking for 500k right now
Who cares if she left on good terms or bad, it's irrelevant at this point, they'll appoint a new, more qualified CEO. The company is growing, has 2m in cash on hand, is expanding into new revenue streams and new locations - there's no bad news here.
The merger would create a company focused on areas she's not qualified for, and she knows it. Make room for the new regime, it's very common in M&A.
Carefully chosen words to avoid legal liability, they aren't going to confirm or commit to anything as per the lawyers. Not hard to understand.
The volume today is anemic considering there was a conference call yesterday and no mention of S1 or merger, so a drop was expected and some predicted a total crash. Didn't happen because the transcipt says it all. There were 3 blocks this morning which accounted for almost all those sold shares, that's it. Obviously not many were loading up for a quick score and bailing after the call.
Truth.
What this morning's action (or lack thereof) tells us is that:
1. RXMD stock is in strong hands
2. There are few if any flippers
There are so many little hints that came out of that call, the presentation may have been boring but when you read the transcript it's loaded with tidbits of information that will be announced "very very soon".
And I'll reiterate, if there was no S-1/merger on the table they would have said so because there would be no sense stringing investors along, get bad news out of the way and deal with it. But that's not what happened, their bankers and lawyers won't let them discuss it which means it's on.
So we’re continuing to be focused on building nothing but value, and hopefully, we'll be updating you soon on all the rest of the progress that we couldn't talk about on this call.
Yep, once again we need to pay attention to these Easter Eggs dropped in the call:
- bankers and lawyers gagging management
- "very very soon"
- Telemedicine
- No mention of new CEO search
There was a lot of information in that call that directly relates to what everyone has been expecting these past few months.
These things could drag on for years, I can't see that holding NETE and Mullen back especially when nothing has been filed against them, just ambulance-chasers trying to drum up enough support to make their contingency fee worthwhile.
If their bankers and legal departments are telling them they can't say anything, that means there is something to say. Otherwise they would have disclosed today there's nothing on the table regarding the S1 and merger.
This isn't even reading between the lines, a dead deal would have been announced, so common sense dictates a deal is on the table. And based on the words we heard "very very soon", something is imminent.
No mention of the CEO search - another good sign.
The fact is Mars is more charismatic, but the stock has gone nowhere for several years. It was time for her to move on and I'll take boring bean-counters who get the price where it needs to be over a charismatic CEO every single day.
Another good nugget to chew on; there were plenty of Easter Eggs that they dropped into that call without coming out and saying anything specific.
The call was fine, the company is doing great and it's still in good hands with current executive management even without Mars.
I didn't expect anything on the S-1 today. Keep this in mind - if the S-1 was off the table they would have announced it during the call since there would be no reason to keep shareholders wondering and it would create potential liability.
So my take is "Silence is Golden" and they're close to announcing something significant.
lol yeah no kidding! Not even worth commenting when positive comments are attacked!
Get over what? I'm long and strong RXMD, just agree that she had to go in order for the company to move to the next level. Geez.
Bingo! And further validates why Ms. Mars had to resign.
Clearly she had peaked as the CEO, and with everything in the works they need to bring in someone who can oversee the growth of the company as it heads into new territory. I wish her good luck in her next career.
Doc, if that were the case the stock would have tanked already. You know the games MM's play to scare people into selling. There's no way she would dump her holdings like that, it's not a reasonable theory based upon what we know about her and the future plans for the company (whether or not there's a merger). They're growing and expanding, this is just a typical scumbag MM tactic to hold the price down until after the conference call.
If the company was doing poorly and the CEO resigned it would be a red flag, when a company is doing great and growing, with rumors of a pending merger and the CEO resigns, it's a sign things are about to get very interesting.
I’m not referring to insiders, there are plenty of large shareholders who aren’t insiders who know what’s going on, and they’ve been adding.
The stock would have tanked already if this was bad news. Does anyone really believe major shareholders didn't know what was coming? OTC stocks leak news like an old rusty faucet, and RXMD accumulation has been great the past few weeks.
As stockforce says, use logic.
My apologies, it’s difficult to determine sarcasm sometimes with these posts. Thank you for clarifying.
Yep things are so bad that they just had a record quarter. You wonder why I shake my head.
That's old news, came out 4 days ago and is irrelevant to RXMD's plans
So early Q4 meaning sometime in October? Certainly worth the wait.
According to the previously announced terms, LAHO shareholders would get preferred shares that are non-dilutable if you hold them for 2 years.
That's part of it, but ALPS has shares to dispose of and those aren't from daytraders
lol nice try
That’s my hope. I was in RXMD from .02 to .26 so I know what’s possible short term, but a merger/acquisition deal would be a long term game changer.