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Accountable for what? The game just started.
Thats a fair position to take for now. I will wait to see 4th Q to see what progress they made for sales.
True, if you were trying to sell. The company by its own disclosures stopped selling for the last 6 months for numerous reasons. Just picked it up again last month.
That stock is irrelevant unless they sell and based on the rules, that won't be for more than 6 months, if they sell and convert at all. Doesn't even matter what price they got it at. Pointing to conversions is just more misdirection. Looks like all the conversions were done by friendly shareholders. But it does look like the outcome YOU want is working. No trades.
Maybe oblivious to the facts, and I can understand why now, but there is too much info regarding new sales initiatives. While you focus on stock, the rest of the world will focus on progress. Why pay cash when cash is a premium. All public companies that are underfunded use stock as compensation.
Whatever they are doing at the grass roots level seems to be working. Maybe this is part of their sales initiatives. Hopefully it will translate to more sales.
Because they sold shares much higher that they didn't have, hit the bid a few times to drop the market, then jump ahead on the bid side while compressing down the Ask, picking up whatever it can. I have a feeling that will come to an end very soon.
It closed at $4.50 on friday. But on the date the reverse became effective, trading started at 1.20 which was .006 pre- split. So on the date of the split, it went from .006 to 1.20 automatically. Closed today at $3.50. Only going to get happier, IMO.
I think YD is reading your post incorrectly, or just using it to continue his dissenting position.
Hey guys, anything new happening here....my other biometric stock is trading at $3.00 now. Any updates or press releases from Chaya?
WOW, I guess the company DOES have some sales NOW. I know they didn't for the last 2 quarters because the CEO said they were rebranding the company, also focusing on their medical device division, and reengineering the safes based on what THEIR retailers wanted.........Good Job Lorraine.
Yes, very true as well. Numerous shareholders supported the company by taking aged debt off the books. CEO said that was the plan in advance. Completely demonstrates the commitment of those shareholders to a successful company benefitting all of its shareholders by assisting in reducing liabilities. NEXT.
13 more posts to go, make them count!
Correct YankeeDave - because THEY WEREN'T SELLING THEM 3rd Q, or did you forget what you read, or chose NOT to read? CEO told you NO EFFORT AT ALL to sell ANY safes over last 6 months because of redesigns and setting up new retail programs. Just more absurd, misleading and innacurate posts.
This is all NITE. All the buying is real, and all the sales are FAKE. They don't have stock as the DTC has not yet cleared ANYONES stock in their accounts as of right now. But its tightening up nicely between $3 and $4. Thats a really good foundation, and as more stock is taking out (when NITE is in a position to actually deliver the stock, LOL) it may double or even triple over the next week or 2. IMHO
I don't know if she has done that yet, but she definitely paid off some of them. I think once the credit line is active, those notes are gone, just like she said they would be. I keep reminding myself that all these things take time to get through, just being a little impatient because I see the other end of the rainbow. 4TH Q should be huge stepping stone into 2016!
And 1,150,000 are restricted securities held by insiders subject to reporting's and filings. Can't sell them until 6 months AFTER they convert, if they convert at all!
Valuation of similar medical technology companies pre-revenue, on NASDAQ is between $20M and $30M. PRE-REVENUE. Only 1,350,000 shares outstanding and only 160,000 shares in the float.
Newbies should visit the company's website www.rxsafes.com and actually read about this company, what it has done, and what its about to do. Then, if you have any questions, call the CEO. She answers every single shareholder call PERSONALLY - and that English accent.......its a KILLER!
Stock price down here has no correlation to the value of the company. More like $25 - $40 IMHO.
Yes, that Ask is absurd and unreal. It doesn't have the stock. But unlike last time, we only have 153,602 shares to go until the market is actually OUT of stock! LOL
Of course it will. It needed this first year to set up a sales platform. ANY seasoned CEO will tell you that has to come first. So 1) the consumer product was improved to provide better security and functionality, 2) they have wholesale distribution partners McKesson & Cardinal Health who supply 90% of ALL pharmacies in the USA, and 3) they entered into national retail distribution and sales through CVS. And thats just on the consumer side. They acquired IP and Patents, put their technology into medical devices that administer or dispense controlled substances, and now are pursuing FDA approval on the professional healthcare side as well.
And all this in about 2 months. Sales to follow.
Another flipper absurd comment? Please do explain instead of all the cloak and dagger crap.
FYI - Stock is trading at $2.50 now. But L2 won't show odd lot trades under 100 shares as last sale. Weird.
I asked my broker and he said you can trade now, but unless your broker cleared your stock, you can't sell. Basically saying only buy. And thats bad how? LOL
I am predicting that within 3 weeks, the market will be out of stock here. Just too many tweets, press releases building up tremendous interest. The company seems to be steamrolling ahead and every negative prediction seems to have had the exact opposite result. I don't think 160,000 shares will last too long.
No, they are afraid to trade dollars. They rather bury their schemes in sub pennies. Thats all. Nowhere for them to hide not. Get ready for a bump ride this week. Holding on!
Good, because once 160K shares are picked up, where do YOU think the price will go? Down? Another absurd post.
It demonstrates that the company is clearly transparent and fully disclosed. How many more times will this need to be disclosed. It's becoming abusive, and absurd.
Everything is bad, everything is terrible and every decision is wrong. They should be going after multi-trillion dollar markets, not multi- billion dollar markets. The CEO has gall and should make no money. Anyone can do deals with McKesson, Cardinal Health as wholesale distributors and CVS as a national retailer. What is she thinking. Just because she did business deals in the past with Master Lock, Honeywell and Genie and sold 10's of thousands of fingerprint products and $10's of millions of dollars in sales, that's just not good enough. Bad decisions to acquire more patents and IP. Why? Why bother putting technology in medical devices. What is she thinking? Bad choices. It's even worse that she wants to set the company to uplist on NASDAQ. What a cesspool NASDAQ is. Why would she pay off all of that death spiral convertible notes? And she should work 2 more years without getting paid. Why would she raise money and dilute all shareholders now when she did everything so far with no money? Everywhere I look, even how they started this company and what they accomplished is the worst I have ever seen. Bad decisions to fully disclose everything and even worse, personally answer all shareholder inquiries. She really has no idea what she is doing. Doomed, we are all getting screwed and we are doomed.
Oh. And why would she want to try save lives and healthcare hundreds of millions of dollars. She shouldn't be doing that.
Now, isn't hat just absurd?
I would guess a $20m market cap now is sustainable until 2016 earnings kick in. Valuation based on size of market, uniqueness and adaptation of technology, the market it serves, the monetary value of the problems it addresses, innovation, experience, quality big name wholesale distribution points, big name retail distributor and lack of competition. Also, IP protection, again, to the chagrin of others.
I dont think they will do that. The IL want a clean company, fully reporting, and transparent. I have a feeling management will work very closely with a big IL from NASDAQ and do this right, to the chagrin of others.
I think the company just started an outreach program. I took a look at the tweets today and some of those groups are large. Hopefully this is the beginning of a more aggressive campaign to attract sales. It may also signal something much larger coming.
WOW, they improved their Twitter page as well!
https://twitter.com/RxDrugSAFE
Just checked, CVS Health Twitter followers - 20.9K. CVS Pharmacy - 286K followers. Hmmmm........
That would be amazing, but my guess is that they are about to announce the in store program with CVS, and may use social media to really promote it as well as those PSA commercials.
I am pretty sure the company has been establishing out-reach programs with local and national Drug Abuse Prevention groups. There are thousands of them with hundreds of thousands of members worldwide. Maybe they felt it was time to call in the reserves, people who support drug abuse prevention programs as well as investors who do the same. Thats my take on it anyway.
Obviously you have no idea what EMS Field Protocols are. Next time, better do your DD.
So far what you expected to happen based on things you dug up from 10 years ago hasn't. When it does, (if it does) I'll be the first one to say I was wrong. So far I am not. Do you enjoy doing this, especially since you previously stated you do not have a position here? You always bring up previously disclosed information, information that has already gone through the SEC, not once, but several times (including the old company and its registrations). I understand you may have a medical condition, and I am very sympathetic to that. But its still not an excuse for this conduct, but then again thats my opinion, I'm not a mental health professional. GLTU
12.2K new Twitter followers now for $RXSF. Was 502 a few days ago -