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Many care. I'm no expert but from what I've learned growth companies that are not making huge profits a fare valuation is 3-5 times revenues. Currently that puts us at .22. If location 2 brings similar numbers well, simple math. A couple years with 4-5 more locations and we could be near $2.00 and only a 1/2 rs (sorry for bringing that up)
Seam to have enough cash flow to pay 60+ employees. And don't they have a few hundred K in the bank?
Good question
Dow and Nas getting hammered and we are nice and green.....good day so far!
Progressive Care Enters Into Definitive Agreements to Purchase the Pharmacy in Palm Beach County
9:12 am ET April 2, 2018 (Globe Newswire) Print
Progressive Care Inc. (OTCQB:RXMD), a healthcare services and technology company, announced today that it has entered into definitive agreements with the pharmacy in Palm Beach County that was previously under LOI.
On March 30, 2018, the Company executed a definitive agreement to purchase the pharmacy in Palm Beach County. The Company completed necessary due diligence and released $40,000 that was held in escrow pursuant to the previously issued letter of intent. The agreement calls for a stratified payment structure for the total purchase price of $300,000 USD. To date $150,000 has been released to the sellers, $75,000 has been placed in escrow to be released along with an additional $75,000 (not in escrow) upon completion of the Change of Ownership process with relevant regulatory authorities and insurance carriers. This process is expected to take 60 to 120 days following the filing of all necessary paperwork and applications. Upon receipt of all required approvals from regulatory agencies and completion of all notification periods, the Company will close on the transaction.
On March 30, 2018, PharmCo, LLC entered into an interim management agreement with the subject pharmacy. Under this agreement, PharmCo will assume all day-to-day management of the pharmacy, which includes assumption of all revenue and expenses. The agreement will remain in effect until completion of the Change of Ownership process, at which time the subject pharmacy will become the wholly owned subsidiary of Progressive Care Inc.
"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."
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About Progressive Care
GREAT NEWS!!!!!!!!!!!! RXMD LONG AND STRONG!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Back at ya
Spot om Mickey!!
My 2c on the r/s since no one will shut up about it. IMO it would be fine but only after a few more m/a's and I'm talking a couple years when the revenues are over 100m and the pps is over $1.00, THEN a 3 or 4 to one r/s for uplisting purposes, again imo would be fine.
He/she/it doesn't think that. it is part of the bashing crew, wether shorting or just trying to get the price down. We are all good here. Flippers wil flip. If any of you peeps bought in the 20's DON'T sweat it you will make BIG money here. Just don't worry about the flippers driving this up and down, our time will come and the ones that are not in get burned.
You will be just fine!
Yes they are
It's just the ct lemmings
?????? What's not true ? my thoughts are my thoughts. I'm In this for the long haul, have never sold a share of RXMD, only bought when I had some side $$. Can't understand this action either but it is what it is. Are you here to flip or invest?
Go ahead....Make my day!!
People also have to realize (unless they have never owned a business) that there is only so my revs in an area. If someone thinks that they could have gone from 20 to 30 million in revs is delusional, that is why the new locations will be huge. My point is slow and steady CONTROLLED growth is great and Ms. Mars knows exactly what she is doing.
I really don't care what the pps does today, she made me feel VERY, VERY comfortable with my INVESTMENT. Gonna retire early from this one, that would be in about 10 years, so the day to day BS is of no concern (to me)! My son who is 20 now has 120k shares, I have a funny feeling he will be able to retire early as well.
Longs, we are GOOD AS GOLD HERE! (maybe better)
They are bursting at the seams!! Serious Growth my my friends!!!!!!!!!!
Saw that, Very Nice!!!
Same with me
I think he meant he fell off of his bar stool!
QB's much less than pinkies
You can lyao all you want but what you said was "I feel for you long holders though, today had to be rough", All I'm saying is the longs are fine and it's flippers that thought they could make a quick buck off of the conference that got it stuck up their AS@, I will be a shareholder 2 years from now with every share I own today, will you?
Great post Mickey
Agree with most of what you said BUT you have to keep in mind that during growth the bottom line can go down because you are spending cash to expand. Been there done that.
Seams they always test and pick up the stop loss orders in the morning (remember we had a 30%+ gain on tues./wed) Then we pick up, I'm more looking forward to the price in 2020 than I am today
Do those numbers facter in RS's, just asking
Rough?? I got in over 1 1/2 year ago at at an average now with some recent purchases of around .055. We went up over 30% tues. and wed. My acct is far from rough looking at these levels
Many did not buy over the past two years because they couldn't. We have a profit sharing plan at my company and it was not allowed to buy an otc pink. We were able to get some after the QB uplist. you know dam well the flippers like you got effed today because of the weather ....HA, HA.. good for you suck it up buttercup!!
Not me I had to travel today and only post from my pc. The flippers that wanted the conference bounce bailed, big deal, I'm in for the long haul.
In a year or two we'll smoking $100 bills while you are still yelling up the basement stairs to ask your mom for more cookies
I said a couple days ago that audited fins/2 and hopefully a sealed deal on location 2 could come out before conference. 1 out of two aint bad. (isn't that a meatloaf song??......oh wait thats 2 out of 3, never mind)
Yes it absolutely is, if anyone thinks those numbers are not great they should start their own business. Revs are going to be limited until more locations are established. The FACT that they have 2 years audited revs proves this is not an otc stock anymore. We are going to kill it here!!
Probably whatever it opens at today
Dilly Dilly!!!
Right near hod, nice!!!!!!
More money than ihub flippers????
I agree ES, I'm just saying I have seen the pot stock used too much and we are a healthcare stock and can/will grow on that merit. I know nothing about CBD and don't claim too but if it is good for the bottom line Ms. Mars knows best and I have 100% confidence in her and her company. Just saying I don't want to see a fake pump as a "pot stock". I want to see more m/a and healthy sustainable growth and pps will reflect that.