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Good post!
You replied to my same post 3 times wth is wrong with you?? There are many, many companies on the Nas and NYSE that have no profits or are losing millions a years that are trading at many multiples of revenues. RXMD have enough profits to pay 60+ employees, get your head out of your A$$ and move along.
Was thinking the same thing
18% INCREASE IN REVS!!!!!!!!!!!!!
UPDATE: Progressive Care Reports 20% Increase in Year over Year Prescriptions Filled During March 2018
11:48 am ET April 13, 2018 (Globe Newswire) Print
Progressive Care Inc. (OTCQB:RXMD), a healthcare services and technology company, announced increased prescriptions filled and revenue for 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. Revenues and prescription counts continue to increase as the Company promotes its proactive patient engagement model to doctor's offices and clinics keen to lower healthcare costs and provide quality service to their patients. The company also filled over $470,000 worth of prescriptions on behalf of 340B entities (not included in Net Revenues) in February, generating fees to the pharmacy of approximately $20,000 which is over a 200% increase over the same month last year.
The Company is proceeding with its acquisition of Touchpoint Rx, located in Palm Beach County. The Company has begun the process of filing applications and notifying relevant regulatory agencies the results of which will consummate the closing. In the interim, PharmCo, LLC is facilitating the management of the Touchpoint and initiated transition processes for smooth workflow and the introduction of convenience packaging to the South Florida retail market.
"This has been truly an exciting quarter," stated S. Parikh Mars, CEO. "We are well on our way to having our second location. Our services will be greatly improved by addition of automated convenience packaging options for retail patients. We have a number of other initiatives we are pushing forward on and feel that we are executing well."
This Press Release has been updated to reflect the correct percentage increase of year over year revenues.
You are correct sir!!
Why the eff won't this run
Yes, I believe we see a nice jump in revs Q2
It's gonna be a GREAT year!!!
Anyone worried about 40M shares look back here in March, we could burn those up in two days. AND do you really think that IN A YEAR from now once they are unrestricted that they will all be sold? Really?
https://otcshortreport.com/company/RXMD
I believe she did say that as of the purchase agreement that they where assuming all of their expenses and revenues but if I remember right , and someone please correct me if I'm not, that that pharmacy was only doing 1 million a year. I think it won't be until Pharmco's business model is in place at that location that we will see big increases in revs. IMO 2Q will be really good and 3Q will be huge. By 4Q we could have a 3rd location (or more) who knows.
If that's what you believe why are you here?? Ulterior motives maybe?? Thanks for looking out for us thought.
I am also patiently waiting, I bought 200k shares on the news over a year ago about the rev. merger. Spent almost $4 grand on it and still haven't sold a share. It's worth a few hundred bucks now. But I'm pissed that they can find time every day to tweet, but can't find time to inform shareholders so I have kinda given up on it but I'll let it sit there like a lottery ticket. Not worth selling now.
Yes more coverage but WAY LESS population density than on the coast. I say keep moving up the coast. Unless you start talking Orlando or Atlanta
"wake me up when we get an update"? Are you planning a comma for the next two years?
.15???? I have mine locked at $2.00, money I don't need for 10 years
Progressive Care: S. Mars, CEO Releases Open Letter to Shareholders
8:25 am ET April 5, 2018 (Globe Newswire) Print
Progressive Care Inc. (OTCQB:RXMD), a healthcare services and technology company, releases open letter to shareholders written by the Company's CEO, S. Parikh Mars.
Dear Shareholders,
I am aware of misinformation currently circulating about the Company. I am writing this letter today, to speak personally and candidly about the topics that I feel are causing a great deal of consternation among you and the investing public. While I cannot speak to every question in this letter, I hope that I can convey a level of truthfulness that will be meaningful.
First, last week our website was hacked. However, no patient or non-public information is available through our website, so no breach of personal data occurred. When I was made aware of the issue, I made sure the Company's IT personnel devoted all their efforts to securing our website. I am aware that Google search results continue show that the website may be hacked. Search results normally show that errors are present for a period of time following the presence of a malfunction, even though the site has been fully restored.
Secondly, it is speculated that insiders of the company are selling shares or that our funding partner Chicago Venture Partners (CVP) is irresponsibly selling shares that they have received. Nothing could be further from the truth. I know with 100% certainty that no one within the company has sold a single share of stock. All shares owned by employees and management are still in certificate form with their restrictive legends still in place.
CVP is bound by a leak-out agreement, which they have honored since they began converting their facility last year. Of the new funds drawn down, $50,000 was converted into just over 2.4 million shares. These shares were sold over a period of several days and no further conversions have been executed as of today. It is not in their best interest to short the stock because it jeopardizes the profitability of the facility.
I would like to now provide clarity on the Company's share structure and future plans. There is no imminent reverse split. Neither I nor the Company's Board of Directors can initiate a reverse split of the Company's common shares. This is a decision that must be discussed and voted on by the shareholders. There may come a time when this decision will be necessary, however, it is not currently being contemplated nor is it in the management's sole authority to execute.
Misconceptions about these and variety of other subjects should in no way deteriorate the confidence you have in this Company. The fundamentals of this Company remain strong and we as Company remain committed to transparency.
I believe that a portion of volatility and instability of the Company's stock price is also the result of short selling in the market. While the Company cannot control this, we can encourage all shareholders to indicate to their brokers or trading platforms that they do not allow their securities to be borrowed for short selling. This can be done through modification of your account documentation or updates to your trading profiles online.
Lastly, I would like to discuss the recent restricted share issuance to myself and the employees of this Company. This is a subject I feel so strongly about, that my passion cannot be adequately conveyed in writing. This share issuance, at this time, was equal parts long overdue reward for past performance as well as long term incentive for future performance. The people that work here have sacrificed and devoted their lives to the mission of this Company, especially those that have been here before the Company was publicly traded. Any person, shareholder, or investor who believes that this issuance of shares was a giveaway, does not understand the amount of work that goes into developing a Company like this with limited resources we have had.
These shares were approved when the Company traded just above $0.01 per share. The shares were issued with vesting periods of 1 year and cannot be sold during that time pursuant to their restrictive legends. We had no anticipation of what the future trading pattern would be. What we knew is that the Company had grown and that our plans included more growth, which required even more sacrifice from our management and employees. This Company has been in business for over 10 years. Now was the time to prepare for the future and to honor the work that had been done.
I always strive to make our shareholders proud. I believe in the mission of this Company and the vision we have put forth together to improve the healthcare delivery process. I will continue to devote myself to every effort that is beneficial to all stakeholders, while also remembering that my leadership is not limited to the numbers on paper but is also measured by the wellbeing of people who give so much for so little.
Today, all I can do is reinforce the confidence you have in me, this team, and this Company. This is the same Company it was 3 months ago: profitable, growing, determined. We want our shareholders to put their money behind us because they believe in us and want to be part of this unique story that is just beginning.
I am sincerely grateful to every shareholder who continues to back this Company. I am humbled by your faith in me and in what this Company stands for. I hope you take comfort in my continued commitment to you and the longevity and prosperity of this Company.
Best Wishes,
S. P. Mars
CEO
Progressive Care Inc.
Get connected and stay in touch with us on social media:
Progressive Care Inc.
https://www.facebook.com/ProgressiveCareUS/
https://twitter.com/ProgressCareUS
PharmCo, LLC
https://www.facebook.com/pharmcorx/
https://twitter.com/PharmCoRx
If you worry about the day trading and shorters you will be way to stressed out. IF you believe in RXMD just relax until the 3rd and 4th quarters (and beyond) when the new store will be generating revenue. Maybe by then we will also have another m/a announcement.
LOL, thanks for the consideration!
Can I come??
Not sure if you have owned any small businesses, I have. I had a motorcycle/atv shop for 11 years. It was a single location store and we grew from $2000/mo. out of my garage in the beginning to $45,000/mo in about 6 years in a leased 3500 sq. ft. unit. After that for the next few years revenue flattened out, Why? Because of logistics. When you service or have the customer base in your service radius all wrapped up your growth is going to stall without new locations again it's just logistics. That was not in the cards for me as the 2008 recession to a huge toll on the "play toy" market and I closed shop. Anyway this new location for Pharmco is HUGE even if it is only 50 miles away. There are 4 Walgreens within 15 minutes of my house. She stated before that they service as far as there cars will take them but I can't imagine that economically they could travel more than 15-20 miles to it make sense. I hope this post sheds a little light on the value of the new location (for what it's worth) GLTA (except the shorters..f you, lol)
Shital Mars: I think I said it before and I can’t express it more strenuously than we are at the beginning. We are at the cusp of something great. From 2015, we’ve eliminated all of our aged debt. We are current. We have a great funding partner in Chicago Ventures. We are working on mergers and acquisitions. Our next goal, we’re on OTCQB and we want to become a company worthy of being on NASDAQ and that’s what we’re working towards.
Nice day, held yesterday gains. Strength!!
Are you guys married?? lol
LOL!!
Yeh I didn't get his response to you either
Even without shorters there are plenty of flippers that made 30-40% yesterday and that's what is holding us back a little this am. After they are done we should have a nice afternoon imo.
March #'s out soon and then Aprils #'s should show a nice increase with some revs from new location. I'm sure it will take a few months to really get the new location doing serios numbers but it WILL happen. And if anytime they announce another LOI, well lets just say I won't be sitting on the sidelines. Any thoughts??
Nice! Any press is good press and good press is great press!! Go RXMD!!
I think if the new location goes well and maybe an announcement for a third location then yes, but that is speculative. But .5-.6 is almost a done deal imo
Hope you're not referring to me because I used that phrase this morning. I have been 100% positive on RXMD for over 1 1/2 years, NEVER sold a single share and only added when I had the $$ to do it. Hopefully I missed a post that you are referring to.
WAY oversold AND WAY undervalued = TO THE MOON!!!!!!!
Wow! walked away from my desk for 15 minutes and come back to see we hit .13!! NICE Kick some A$$ RXMD
Thanks! I must have missed that. Q2 will be awesome. Don't mean to ask anyone to do my DD for me but anyone know what the revs from that pharmacy were in the past? I'm sure with Pharmco's compounding it will be much higher but just asking for reference. Again tia
Does anyone know when the deal with location 2 is at the stage where revenues from that location will be reported as Phamco's revs? Will we see some of those revs in Q2? tia
Thank you Ms. Mars for caring about your shareholders!!
Just did mine for $2.00
Well said, agree 100%
For what it's worth I did just that!