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You're not totally wrong but just mostly. Do you understand why companies go public? I'll answer that for you...it's to gain access to capital. No one gives up shares of their company just to say "hey I'm a public company" lol. B. Every company no matter what public company you look at, has an IR, PR, and investment banking component. Some keep it in house, others hire consultants.
"Yes" big companies are always looking to acquire companies but just like Movie Stars and Singers don't "just get discovered"...neither do acquisition targets. Likewise, I believe today's announcement has less to do with RXMD getting acquired and more to help with the company's acquisition strategy to bring on more revenue producing opportunities. This has always been the case in the company's business plan as many of us already know.
If you do have to ask these questions, I would suggest studying the topic of why a company goes public and public market fundamentals before attempting to downplay an otherwise good situation with RXMD bringing on board a strong partner to help with M&A while management focuses on the current business growth through the pharmacy operations.
AGREED
I agree with you guys here. Again I'll say this: Look at RXMD in June 2015 before engaging with this firm and look at the chart today. Now look at everything in between. I know a lot of us on here contributed to it as well because there are so many "longs". To say Midam did/is doing nothing is a misnomer in my opinion and the statements some are making seem to simply be to mislead others.
Considering they were engaged last year in June, I think the chart tells a different story. Then again everyone is entitled to their own opinion. Paid promo's typically entail a short burst of day traders and then coming back down or even worse, going below the "initiated price".
Monarch Bay is focused on Mergers and Acquisitions. I read this press as something positive to grow the business...not to PR the company. I see nothing in the release regarding PR services by Monarch.
"identify and introduce prospective parties to an acquisitions, merger, joint venture or other similar transaction or relationship."
POSTED UPDATED IMAGES In IBOX from some of my "ROAD WORK" this month
That's a really good point too. I just kind of assume people know this but remind myself that people are not that...ummm....attentive. There's even a "rule of thumb" that many live by lol. Anyone hear of "sell in May and go away? Plus August is the last month before school starts to lots of vacations and all that jazz. Not too concerned at the moment.
Again, ya can't feed into it. We've got some serious progress here and there's still about 5 full months of numbers that can be revealed. My guess is the projections on 2016 could be even bigger than anticipated considering that they are now in 5 states and is in the final approval process with the City to do their build out.
"The expansion into the warehouse space is a necessary next step to achieving significant growth in a number of areas including compounding and long term care sales. We are excited that with the conclusion of the building process we will be able to install our automation system and ramp up sales across the board."
Agreed
Welcome to Finland LCLP. Wow China yesterday, Finland today, this is insane. Can't really say that they "aren't focusing on expansion" lol. Long LCLP
Exactly and the fact that they are tranching it out will also protect the market because any dilution (which is very little) will come gradually unlike when they had the 3a10 going on. 250k is not a whole lot of money when you're talking about normal trading activity outside of the summer months. Sometimes this stock has traded that much or more in a single day
That's my train of thought as well. If you don't have a real development, announcing that you're "Planning" to do something can be just as bad as not announcing anything.
blew through 50s today. Some healthy profit taking but maintaining high 40s on this news. Seems like news has been a catalyst for this one lately.
Can I get a boom? haha Great afternoon today. Is this that short squeeze we've been waiting for? 50 round the corner?
I agree. It boggles my mind how short sighted people can be. Yes they did funding but yes they did it to grow the business. All of us have seen pinks do the wrong thing with funding but its pretty clear on what RXMD is going to do here as stated by the PR today. Bottom line, don't engage with the pigs. We all know what's real here and by engaging with them, you just keep them fed with more BS that they can spew. Long RXMD
decent action this week. If it can keep this kind of tighter market, and maybe some news, could see a nice continuation trend
This is awesome. Pretty much sums up things LOL http://bit.ly/2akd0dY Long RXMD
Agreed. Wal Mart, K Mart, Home Depot....I could see Mobeego selling easy at these stores. Let's see if Mr Checkout can get em in the door. My guess is that if the soft launch was at the caliber of placed like MGM hotels, I would assume this would be an easy sell to the big box buyers.
And This Is EXACTLY why people need to READ news and not just skim through it. This is a real company with a real blueprint for growth and clearly outlined the use of funds with the first pull from the funding they announced earlier this week.
On July 25th, Progressive Care received its first tranche of $250,000 from Chicago Venture Partners. The Company intends to use these funds primarily for the build-out of the warehouse space as well as general working capital to further growth and development of the Company.
I don't disagree with you either! This isn't the kind of company or at least doesn't have the history of just taking money to take it. They did the 3A10 to get rid of millions in payables, they turned operations into profitable ventures and I think this is the next phase of taking on investment to further capitalize on all of the growth prospects in the new states and within Florida itself.
I'm just grabbing the weak hand shares right now. Keep em coming lol
The fact of the matter is that the real focus here is that the deal is at a premium, shares are locked up for at least a year, and they have a lot of capital to work with for expansion. Don't forget RXMD is now in NJ, PA, NY, FL, and TX.
It looks like they are essentially raising money at a premium. $0.05 and it doesn't mature for at least a year. http://yhoo.it/2aHqS2M
I would agree with that statement. For the last year all we've heard are record revenues LOL...this is not a bad thing whatsoever but it is great to see serious expansion from the company. Should bode well now being in all states of the tri-state as well as Texas and Florida. I would say that these are probably some of the biggest metros in the US. Maybe close something in California and I think it's a wrap haha.
Whatever the case may be, I think people need to grasp the actual potential here. It's not cyber security from an external stance but more of security from an internal stance. Limit
Looking like a runner @Zigzag. Very thin L2 yesterday. Would love to see this continue today
Agreed. LBTD very thin. I think there's a nice runway here.
I'm thinking about LCLP as a decent bounce chart here Pete. Lower 40s have opened a nice trend into the mid to high 50's within a few days and it looks like volume isn't slowing on this either.
I agree. My hope is that the "quietness" of the company has to do with some kind of deals. I feel that there could be a decent speculation play here especially considering the current pps of the stock....Not to mention how quickly this can move even on light volume. Couple months ago it managed to run near .001 on nowhere near "record" anything.
I agree. My hope is that the "quietness" of the company has to do with some kind of deals. I feel that there could be a decent speculation play here especially considering the current pps of the stock....Not to mention how quickly this can move even on light volume. Couple months ago it managed to run near .001 on nowhere near "record" anything.
Doesn't make sense LOL. We've been waiting for new states to open and talk about expansion. Here it is and a few sour grapes are trying to ruin the bunch.
Agreed. I'm not sure what's pump about making an announcement of material fact from the company. let's not stretch this or make up falsities
Did you hear the conference call last week? NASDAQ uplisting
I suppose we will see. I agree with others here that the spread does look a lot better and the market is waking up a bit
Ha Ha. Record revs $1.7million and an increase of 53% ....seems like June was a slow month LOL. Long and strong RXMD
Zack's Bullish On RXMD
https://finance.yahoo.com/news/cvs-health-cvs-works-cut-223310581.html
CVS Health (CVS) Works to Cut Down on Readmission Rates
Key Picks
Better-ranked stocks in the medical sector are Diplomat Pharmacy, Inc. DPLO , Herbalife Ltd. HLF and Progressive Care, Inc. RXMD. While Diplomat Pharmacy and Herbalife sport a Zacks Rank #1 (Strong Buy), Progressive Care carries a Zacks Rank #2 (Buy).
HAHA read between the lines...I like it
We didn't see the typical cover on Friday so my guess is we could start seeing that soon. Also it's the end of the month and I'm hoping to see the pressure pick up with short scrambling by end of week :)
Long RXMD
Same here. Short term double bottom is what this looks like to me. More people feeding into some others' misleading statements.