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Yes... HAPPY MOTHER'S DAY... Blessed be our Mothers both here... and in Heaven...
Right you are PB...
LOOKING FORWARD TO THE GREAT 10-Q ON THE 15TH THEN CLOSE THE HOSPITAL AND TWO SPIN OFF FREE SHARE. THIS IS A EASY CALL, BUY ALL THE WAY TO THE BANK.
Awesome Post Stockforce...
Rumored Walmart Deal Adds Value and More to the Progressive Care Approach. Armen just shared this article on his Linkedin:
https://smallcapvoice.com/blog/rumored-walmart-deal-adds-value-and-more-to-the-progressive-care-approach/
Walmart is rumored to be going after PillPack, a start-up company that bundles pills together into convenient pouches for easy access and use. Patients are increasingly turning to convenience packaging because it allows them to know exactly what they’re supposed to take and when. PillPack is an online pharmacy offering at-home delivery, providing even more reason to stay compliant with prescribed medication. Their business is built upon improving the customer’s experience, from the beginning to the end. While it’s currently unclear if this deal will go through, sources say that Walmart is offering PillPack just under $1 billion for the company.
PillPack is just one start-up in the pharmaceutical industry trying to increase the level of patient care in response to an increasingly impersonal system. Another company making headlines in the pharmaceutical world for their unique approach and novel concepts is Progressive Care, Inc. (OTC QB: RXMD). Progressive Care, Inc., through its PharmCo, LLC, is a South Florida health services organization and provider of prescription pharmaceuticals, compounded medications, provider of tele-pharmacy services, sale of anti-retroviral medications, medication therapy management (MTM), the supply of prescription medications to long term care facilities, and health practice risk management.
The Walmart offer for PillPack comes at a critical time for RXMD. Until recently there have been few comparable pharmacies offering services similar to PharmCo, LLC. The market cap for RXMD has ranged between $4 million and $100 million. Now that PillPack is being offered a dollar figure from Walmart, RXMD has a way to assess what their Company is worth. Walmart’s current offer is slightly less than a $1 billion, however, it is widely assumed the transaction will close around that figure. At close to $100 million in revenue nationwide, PillPack’s valuation could provide needed clarity on the value of RXMD. RXMD released audited financial statements for 2017 indicating over $20 million in sales, the bulk of which is in the South Florida area. Like PillPack, RXMD’s model is absolutely invested in the safety and well-being of their patients.
One of the main focusses for RXMD is on Medication Management Therapy, and their success is measured by their positive cash flow and $20 million in net revenues. Managed care isn’t just good for patients, but for their doctors as well. Patients look to their doctors to both prevent and heal diseases, and they’ll measure their physician based on their success. By stressing a more proactive approach to the patient, the preventative care can naturally follow. RXMD currently offers a wide range of services that center around adherence and compliance to improve patient health outcomes. Free same day and next day delivery throughout South Florida, access to a full inventory of medications including specialty and compounded drugs, risk management services to physicians, and home health assessments for patients struggling with their medication regiment are just some of the services that take RXMD’s approach to the next level.
Progressive Care Inc.’s success is also because the Company doesn’t simply react to the shifting expectations in healthcare – they actively strategize ways to anticipate and exceed consumer expectations. Finishing out a successful 2017, they managed to follow up those achievements with over 65,000 prescriptions filled in the first quarter and approximately $5 million in net revenue, a record in both respects for the Company. Their subsidiary PharmCo is operating in 13 states and RXMD has also filed applications to register in three more states. The offer to PillPack also validates RXMD’s acquisition of Touchpoint Rx, LLC a Palm Beach County, FL pharmacy with the same convenience packaging technology as PillPack. RXMD intends to roll out this service, which was previously reserved to institutional customers only, to a retail patient with local accessibility
PharmCo, LLC is also a 5-star pharmacy that makes it easier for doctors and pharmacists to work together to meet their goals. Their pharmacists are more involved in the patient’s history, so they can spot potential errors or mistakes. As doctors adopt managed care, they receive more credit for their efforts and more recognition of their own efficacy in promoting wellness. Preventative care may take a little extra effort, but it’s far more efficient than waiting until a disease is out of control. As their success grows, doctors find they’re able to hit their coveted bonuses without any additional effort aside from their standard course of care. The best way to describe Progressive Care today, in the words of its CEO, S. Parikh Mars, is “profitable, growing, and determined.”
PillPack’s story is an exciting one, which is garnering interest from giants like Walmart. Like PillPack, Progressive Care has quietly built up an infrastructure based on sustainability in an ever-changing market. The current excellence in value added services that RXMD provides above and beyond what PillPack can offer suggests that one could make the argument that Progressive Care looks like an ideal candidate for another major player to target. RXMD achieves high marks at lower operating costs, higher per employee productivity, lower customer acquisition costs, higher ratio of revenue to market size, and local integration. Now that PillPack’s story is out there, the next place to look for innovation and success in the pharmacy and healthcare space is RXMD.
Yep... Looking for new highs soon...
Quarterly report. Finalizing of second location in June. Monthly report. Update on the third location they’re discussing. Should be a solid next few weeks.
You got that right my friend...
Me thinks it'll break .02+ by close tomorrow...
Will fill gap at .0191 soon...
We shall see...
RNVA shorts are in deep sh!t tomorrow. I loaded the boat today will be adding 500k tomorrow below 015. This was an extreme panic sell. They cannot dilute without filing https://ih.advfn.com/p.php?pid=nmona&article=77388716
Did you guys see the huge block buys of 750k at .011, 500k at 0115 6 million at .01??? Those were massive buys. Folks in the KNOW. You don't throw $60,000 in a penny stock if you didn't know something. Yes the authorized shares were increased but almost half of the shares outstanding were traded today. 65 million shares were SHORTED. They are going to get a rude awakening tomorrow when the shares run out. And there are no more available to short. The SQUEEZE is on. 2 cents by close tomorrow.
This stock will be $0.12 before end of this month or so. The Jamestown hospital will be finalized soon with lots of up trends for RN...
GUYS GO POST ON THE POPULAR BOARDS, post on all social media you can tonight. Lets gap this baby up and make the cowards who didn't take advantage of this opportunity today. I SET MY SELLS TO 20 CENTS SOBSHORTS CANNOT BORROW MY SHARES TO SHORT and I have a significant amount...
Yeppers...
IF THEY ISSUE MORE NOTE THEN WE DEAL WITH IT. RIGHT NOW NOTHING IS TO WORRY. OLD DEBT $9,016,136 HAS BEEN RESTRUCTURED UNTIL SEP 2019.
WHAT THE POINT OF GETTING PANIC? CHIT! THE BOARD OF DIRECTOR STILL NOT REGISTER THE CHANGE WITH THE STATE YET. WITHOUT THAT DAMN SURE NO NEW SHARES IS ISSUE.
My bet...
RNVA goes a mighty Green today...
We shall see my friends...
Yep... Don't get fooled...
THERE IS NO BAD NEWS. RS was denied, any AS change will be NEXT YEAR and it would be long after that before shares structure changes if at all.
Revenue and growth in progress, no dilution, maxed AS...
$RNVA
Yep... Agree with you here Ben...
Most important thing was the Cancellation of the RS.
My question is why are people bugging out?
There’s still no dilution present and they will take this much higher and sell these shares.
Still trading on supply and demand. Tomorrow will be interesting to watch as the roaches scramble. They will scurry. Then they will shoot this up high. And I can say it’s going to be huge. Look at celz with the same setup yet worse fins. Catchers mitt will be on
Yep...
As PB mentioned below:
Quote:
TOXIC NOTES HAS BEEN RESTRUCTURED. THEY AREN'T DUMPING UNTIL SEP NEXT YEAR.
Also Cyber wants to know what the consensus of the board is on the AS issue. Mine is, it'll have the net effect of pushing the pps up. If not by tomorrow, by Friday...
Funny... Etrade posts the following close:
RNVA Last Price 0.0209 +0.0015 (+7.66%)
Right you are my friend...
*8 miuntes left... Place your bets...
Screw the increase if they in fact have turned it around, that new hospital revenue should be more then enough...
Yah Baby..!
The Green Wave a commeth...
Keep us posted Bonds...
11:00 a.m. Eastern time. IT'S OFFICIAL A/S will NOT PASS.
Yep... Break the Eight...
Watch RXMD gap up in the days to come...
1ST QUARTER REPORT GOING TO BE A GAME CHANGER
Yeppers... Thanks Deagle...
If you haven't seen the video...
This is Rennova Health Inc. RNVA... Our company... Proud to be an owner...
How bout you..?
https://www.rennovahealth.com/
https://www.rennovahealth.com/news-media/press-releases
And so it begins...
Going to fill the gap at .20 soon...
Results of Progressive Care, Inc. in 2018 and What the Financial Future May Hold for this Breakout Performer
Posted on May 7, 2018 by Stuart Smith
As shareholders and potential investors eagerly await the final and filed first quarter 2018 results for Progressive Care, Inc. (OTC QB: RXMD), an educated guess as to what those numbers might be is reasonable. Still, looking beyond just the financial results, one can see that this has already been a banner year for the Company.
For those who have not seen or heard about Progressive Care, Inc. yet, here is a quick peek at who they are and what they do. Progressive Care Inc. (OTCQB: RXMD) is a healthcare services and technology company (or organization) that through its subsidiary PharmCo, LLC provides health services such as pharmaceuticals, compounded medications, provider of tele-pharmacy services, the sale of anti-retroviral medications, medication therapy management (MTM), the supply of prescription medications to long term care facilities, and health practice risk management.
To put in perspective how hot of a sector they operate in is, one needs to look no further than the recent moves in the sector by giants like Amazon and Wal Mart. Walmart is rumored to be going after PillPack, a start-up company that bundles pills together into convenient pouches for easy access and use. While it’s currently unclear if this deal will go through, sources say that Walmart is offering PillPack just under $1 billion for the company. As for Amazon, it is no longer speculation they are already making moves in the $3 trillion dollar healthcare sector. CNBC is now speculating that Amazon is poised to do something big in the pharmacy space as well https://www.cnbc.com/2018/03/27/amazons-moves-into-health-what-we-know.html.
All of what is noted above is why the efficiency and trajectory of Progressive Care, Inc. deserves a closer review. In January PharmCo, LLC filled over 23,000 prescriptions during the month of January, generating $1.8 million in net revenues. Prescriptions filled increased by 34% compared to the same month last year and by 10% over the last record breaking month in October 2017. Revenues increased by approximately 9% as compared to January 2017. In February PharmCo, LLC did it again and filled over 19,500 prescriptions during the month of February, generating nearly $1.45 million in net revenues. Prescriptions filled increased by 18% compared to the same month last year. Revenues remained flat year over year. Furthermore, the company also filled over $450,000 worth of prescriptions (not included in Net Revenues) for 340B entities in February, generating fees to the pharmacy of approximately $20,000 which is nearly a 200% increase over the same month last year. Here is what we know about March 2018: PharmCo, LLC filled over 22,800 prescriptions during the month of March, generating nearly $1.9 million in net revenues. Prescriptions filled, and revenues increased by 20% and 18% respectively compared to the same month last year. The take away in reviewing these Q1 numbers has to be that the Company’s moves in 2017 built a foundation for sustainable growth in 2018.
Again, for those not following this company, look at the recent acquisition news for RXMD as well. On March 30, 2018, the Company executed a definitive agreement to purchase the pharmacy in Palm Beach County. This transaction will close in June 2018 and the revenues from this Palm Beach pharmacy will be recognized in the second quarter 2018 financials. So, on top of the current and stellar revenue trajectory in Q1 2018, a new revenue source will be introduced and recorded in Q2 2018.
If you look at a recent quote from Progressive Care Inc. CEO, S. Parikh Mars this recent acquisition is more than increased revenues: it allows for parallel Company initiatives to flourish;
“This is a momentous day for the Company,” stated S. Parikh Mars, CEO. “We are excited to enter the next phase of this transaction. While there is still more work to do, we believe that adding this second location is going to facilitate many of our growth objectives including tele-pharmacy, long term care, and expanded delivery radius.”
RXMD is truly ambitious, but they also know how important it is to keep a sense of perspective even as profits continue to rise. They generate strong results because they don’t simply react to the shifting expectations in healthcare – they actively strategize ways to anticipate and exceed consumer expectations. There isn’t just one reason why RXMD has managed to grow so quickly. It’s their ability to challenge old models of care and adapt to new patient needs at the same time. This flexibility and ambition will ensure their continued success in the healthcare space.
About the Author
Stuart Smith is the CEO and Founder of SmallCapVoice.com. SmallCapVoice.com. is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its clients’ financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools like stock charts, stock alerts, and Company Information Sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets. To learn more about SmallCapVoice.com and their services, please visit https://smallcapvoice.com/blog/the-small-cap-daily-small-cap-newsletter/
Yep...
THEY DID SAME THING 3 TIMES BEFORE, AND YET PPS HAS MOVE UP FROM .00WHATEVER TO .034 HOLDING AT .02! HOW COULD THAT BE! HMMMmmmmmm ACQUISITION OF JAMESTOWN QUADRUPLES THEIR REVENUE AND SS REMAINS 500M EQUATES TO HIGHER PPS.
Correct Serb...
Increase annual overall sales to $22 million...
This will be much higher now with the second location!
Yeppers...
Inside track. A big fat NO is official!!!
Break .03 today!!! $$$
Yep... Let the Finra complaining commence..!
FINRA! you should send complaint forms to FINRA: http://www.finra.org/investors/investor-complaint-center
Yep... Could be happening by tomorrow friends...
Things should really pick up here starting tomorrow. The last few days have been pure consolidation just gathering strength for the eventual breakout. Next one should bring a higher high and a test of 0.055 as we've been expecting. Could be this week if things go right!
You seem a bit to sure of yourself there Ten...
And of course if you're wrong... you'll admit it right Ten..?
I don't believe you or any one else knows what BVTK revenue run rate will be... I think there may well be a revenue surprise in store for everyone...
We shall see my friend...
I don't believe you or any one else knows what BVTK revenue run rate will be... I think there may well be a revenue surprise in store for everyone...
We shall see my friend...
Yes, the best stock investment is RXMD this year...
Things are gonna be going epic here in the weeks to come despite your constant complaining...
Yep... a mighty green wave a commeth...
15th is coming up next week. Millions will be shown...LONG AND STRONG
Yep.. Everything changes upbeat come Monday...
Most just don't get it, they're laughing when we say $25 but it's going much much higher when we get the right pr cause there's only 4.4 mil. shares and everyone will be trying to get some. we will have the last laugh. glta
Yep...
This will pay off handsomely in the weeks to come...
Debt free and let's not forget this is to open a SECOND LOCATION. I feel like some are so worried about the extra shares they're losing sight of the big picture. Second store = more revenue, more profits, more exposure, more customers, and more cash.
Delayed quite a bit..?
Yah... like 4 months...
I predict RNVA will close the week reen and strong...
A rescheduled meeting would indicate that they think they can still get votes from a March 12 record date, which seems unlikely.
Most likely is probably an updated proxy, in which case the meeting will get delayed quite a bit.
Ageed..!
Wouldn't be caught with out shares by eod...
TODAY AH PR WILL INFORM THAT A/S CANCELED!!
They will try to buyback shares and try again in 4 months!
Just wait and see :)
Looking good George...
Last Pattern:BULLISH HARAMI
Pattern Description This pattern consists of a black body and a small white body that is completely inside the range of the black body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The black candlestick is “the mother” and the small candlestick is “the baby”. more...
John... How many time are you gonna run this same story over again..? You've stated your position on this matter umpteen times now... Starting to get old now and smacks a bit of fear mongering...
Please Stop it...
I also share ndww42 perspective on this issue:
Patience here will be rewarded big time.
Here's my take on the management shares since it keeps coming up.
First off - not one single share has been sold now or ever sold before. Let's make that clear. Owning shares does not equal selling. It just means they own shares...
Second - they've not taken any bonuses to date before this over a stretch of years and years and years. So if we want to be technical about it, they are simply being rewarded for ALL those years. So what?
Third - to say the PPS is where it's at because management isn't creating shareholder value or that the shares are being sold is absolutely ridiculous. This is a penny stock. It went from .01 to .26 in a flash and will do so again. The powers to be will let this run again when the time is right. That's how the game works.
So let's not kid ourselves here. Those with averages in the .20s have seen a drop in value, however it doesn't mean anything until you sell. My advice is to average down and HOLD. This isn't a scam with no product. This is a brick and mortar soon to be two brick and mortars, and then 3, etc. They generate a ton of revenue.
Could you imagine if we were talking about a company that made $1,500 a year and had 2M in convertible debt AND gave out bonuses? See the difference?
All this fear mongering is defamation and is outright criminal as far as I'm concerned. You can't hold something great back. Hold for Nasdaq.
Agreed Jimmy...
Yep... and at the current rate debt should be paid off by eow...
I'll rephrase, VERY SOON TO BE. The last bit of debt for recent 2nd location acquisition will be covered in shares, only 6 million to finish it off. They have paid off $370K of $636 debt, so almost 60%. After those final 6 million are sold or $266K is paid, the company will be debt free again, but this time with 2 revenue producing locations.
Quote:
While that would be nice, let's shoot for end of month as no shares were sold today. CV practicing some patience, likely expecting a rebound from these ridiculous levels.
I'm with you SP...
Still believe the Best is yet to Be with RNVA...
I’m sure we will!! And I’m certain it will be a NO. Does the company have an answer for that is my question? Will the company help in making the PPS go higher by announcing something wild? We can all hope!!
Yep SC777... These links work perfectly...
Believe all investors in RNVA should follow through on this one...
To File a complaint - Go to:
https://www.sec.gov/oiea/Complaint.html - SEC
https://firms.di.finra.org/cdip-dynoapp/anon/accessForm;jsessionid=B1475D3C4C24F29854060BE50C6817AA?requestInstanceId=2240278 - FINRA
THANKS KOSZE... Those links work perfectly...
Believe all investors in RNVA should follow through on this one...
To File a complaint - Go to:
https://www.sec.gov/oiea/Complaint.html - SEC
https://firms.di.finra.org/cdip-dynoapp/anon/accessForm;jsessionid=B1475D3C4C24F29854060BE50C6817AA?requestInstanceId=2240278 - FINRA
Greetings my friend...
The A/S vote is most likely to come back a no.
I think we will know more by this Wednesday 0509...
That link doesn't seem to work for me either..?
Found this one: https://www.sec.gov/enforce/how-investigations-work.html
Right you are friend...
RXMD went from .005 to .05 (10ish-bagger?), tested it a couple times, then settled around .015, down about 65% from the high.
RXMD went from .015 to .26 (17ish-bagger?), tested it a couple times, then settled around .07, down about 75% from the high.
Considering the current/actual pace of growth and expansion, I sure won't be shocked at an upcoming run to .50 or better, followed by a settling down 70% or so to .35 for the next breather.
Just need to hang down here and wind that rubberband for a while.
Yep... and at the current rate debt should be paid off by eow...
I'll rephrase, VERY SOON TO BE. The last bit of debt for recent 2nd location acquisition will be covered in shares, only 6 million to finish it off. They have paid off $370K of $636 debt, so almost 60%. After those final 6 million are sold or $266K is paid, the company will be debt free again, but this time with 2 revenue producing locations.
Got a link to that form..?
Filled out another FINRA and SEC complaint form today - just keep bombarding them...