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IMO RXMD is THE most important part of the NETE/MULLEN merger
No NETE divestiture - NO DEAL
NETE stands to gain the most from this deal closing
MULLEN gets a clean NASD listing
RXMD therefore is the only company that can move forward with no issue if there is a dead deal - and is receiving $13K/day to see it through
IMO throughout this process, the S-1 could have been amended in RXMD's favor as both other companies hold no bargaining chips
Deal dies that cash still comes to RXMD in a straight NETE/RXMD deal
Im looking for an RXMD negative here if we get another delay, hopefully someone shows it to me
Not talking about any short/long term SP price targets, Im talking about straight deal notes and 30-60 day execution potential if deal dies or 15 more days extended
1st delay was 3 months - January - March
2nd delay was 1 month - April
A 3rd delay is max 1 month and potentially 15 days
A 15 day delay could give NETE shareholders a month to vote and leave 2 weeks after the vote for RXMD to execute by 6/30
1 month delay would make it real tight
Dead deal only hurts NETE and MULLEN
RXMD holds all the cards and is removing debt while it collects cash (waiting) - not actually collecting cash, but cash it will get in addition to the deal already negotiated with NETE
Thats not taxable cash either.
Whos to say they didnt have an agreement when she left?
She didnt go anywhere else after, and she certainly could if she wanted to
If they left on bad terms and/or she wanted to stay employed at all we would see the fruit of it by now, minimally on linkedin
Anyway, Oleg IMO is the best man for the job right now, and hes been on the board for years so he knows whats going on and would be a seamless fit
Yes she was asked to resign IMO
Agree, but I do believe she was an asset to the company.
Because she was great otherwise. She was an asset
IMO at this point theres nobody better than Oleg
The cost of a big resumed outsider with TECH chops is too great
Oleg could also be a longer term placeholder as Shital was and Jay after her....
IMO the grand plan here is one more M&A deal in 2 years - then a buyout from a major pharma player in 5 years
No need to worry about CEO then
It was a doozy bud
Had to happen
Because she was an asset that made a mistake
An honest mistake IMO
If you said too much about a really important topic that could jeopardize a huge deal maybe you'd think otherwise
I believe thats what she did but not intentionally
She would be great but needs a few more years in the trenches before lights camera action IMO
Involved *on some level...
Not as CEO
I think she was great at what she was doing, but just not ready for prime time
She could be a comparatively low cost add to the new company who knows exactly whats going on here and why
Alot of upside having her on the team and in 3-5 years + or so could even be on CEO track again
Shes also not landed anywhere since here departure and she would easily get a shot somewhere else with her resume if thats what she wanted
We are getting Oleg, no more Jay IMO
Retirement papers ready
and Shital will be involved on some level with the new RXMD IMO
That can also happen on its own after a NASD uplist if this deal does fall apart
MULLEN IMO is getting helped out and RXMD is getting the cash to wait till they are ready
The deal dies, that cash is still there and deal structure will be the same
The super jump is the NASD uplist and RXMD needs nobody for that
RXMD/NETE/MULLEN SPECULATION FOR YOUR PERUSAL
*First - as we are reminded daily - its just SPECULATION that NETE has anything to do with RXMD - nothing more than its CEO is on the RXMD board and they operate in MIAMI*
Stockforce saw it a mile away through DD on personal relationships, and previous CEO statements
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156530384
The reason this idea of a triangle of companies doing a pretty complicated deal still makes sense, is the brilliance of it
All 3 companies win handily...
MULLEN gets a clean NASD listing - easy win
NETE shareholders get the MULLEN company and RXMD shares - easy win
NETE has most to gain by the deal closing, and therefore would be in a less desirable position as far as negotiations with RXMD on the divestiture go.... RXMD doesnt need NETE to go NASD and NETE stock was $2/share last May, just before the MULLEN deal was announced... that put its market cap at just $10.4M at the time they were negotiating with RXMD
What I believe im realizing, and tell me if im wrong here, is that this MULLEN penalty cash is all coming to RXMD...
NETE is NOT going to be a publically traded company anymore UNLESS they spin off a portion of their current business before trading the rest for RXMD shares - and take it OTC - and MULLEN isnt paying penalties to itself so that $ is ours
RXMD had a similar MARKET CAP to NETE last MAY and has somewhere on the order of <440M shares (post debt payoff) to give NETE for its remaining payments business...
The question is whats it worth on a share:share basis?
At the time of negotiations, RXMD/NETE market caps were similar and NETE was headed to a possible downlisting while RXMD was working on its old S-1.....
The market cap today of NETE and RXMD are also almost the same, eerily....
IMO RXMD is going to get a better deal from NETE than we all may be expecting -
Im confident of that as we continue to add to the OS - dropping our debt in the face of that share:share deal they worked out last year
Now remember Shital said the investment bankers came to RXMD with a "much larger deal" around APRIL last year and look at NETE chart in MAY/JUNE last year...
NETE needs this deal badly, and MULLEN is paying $13K/day imo to RXMD to not have to start this all over again
RXMD needs NO ONE to go NASD and get the funding they need to blow this shit sky high - they take the cash to wait it out
Guys tell me im wrong, but a delay tomorrow which I put at 50/50 pays us $13K/day as MULLEN isnt paying penalties to itself and there will be no more current NETE to park it without an additional divestiture
Blowing it out big picture....
This all looks like a giant fully orchestrated behind the scenes deal - Market caps for both companies are virtually UNCHANGED in relation to each other since last year ~$10M then to ~$60M today for BOTH
RXMD will have a tiny amount of relative debt going in, and the NETE debt is an albatross on its negotiating power
Try to look at everything here to see why im understanding more about why RXMD has been soo patient here....
IMO PAYtience PAYS
End of the month is coming... price is up on higher volume...
Could that news flow we've all been waiting for finally begin?
The fact they are sitting on a BRENTWOOD buyout offer for months now tells me yes
Lets see
Good luck bud
The forest for the trees
Nothing else though
They dont just have REVENUE, they have an excellent and growing business
Why im here as well
What im saying is I own enough for me to be happy here
Im only buying lower as a luxury if it happens
Thats just me
If I was not happy with my current share count - yea believe it, id be buying today
Im loaded up
Im good
Im loading more only if it goes lower
Lol you think its MY loading wall?
...
Thats a loading wall.
You know the deal.... it will happen when it happens
We were discussing 4/30 but the crystal ball was cloudy.... wondering about 6/30
That was the confusion
And the crystal ball "*forgets" RXMD doesnt need NETE to uplist
I dont see anything related to the 4/30 date the crystal ball referenced
Nada
What was documented? Why no link or bolded and colored reference?
If thats what the cryptic crystal ball says, Im betting opposite
Exactly, and later today or tomorrow that NETE merger will absolutely be updated - more delay or S4 filed..... so lets see what they say
Yes, waiting for this all to happen is definitely frustrating.
If the market cap here was high based on the merger I would be even more frustrated, but at 1.4X 2020 REVS, it appears the merger isnt NOT priced in whatsoever
The stock price of this company on its own should be .50 PREmerger, and $1+ POSTmerger
We are all sitting on an amazing investment that still has a massive amount of room to run on its own
If people dont care for that fact and just want the glitzy news I will be there with a net to catch cheap shares when they sell
I am still under the impression the delay is NOT RXMD related, and will act accordingly
Agreed, first they try the initial route till it becomes more hassle than help
Then they finish the job when the time comes - MULLEN or no MULLEN
MULLEN is nice for NETE shareholders, less an issue for RXMD shareholders
NETE shareholders will end up needing any deal if that falls through - Not much upside as a standalone for them
They would at that point be merging with another NASD company - RXMD
Correct, but dont think RXMD needs NETE for an S-1 approval if that was your speculation
Large shareholders here dont mind a non-RXMD related delay as much as you may be speculating
Like - mind enough to say f*ck it im done.
Aint happening
Audited FINS from all 3 parties were done by 4/1/21
NETE wants the deal to close
MULLEN is millions in fees/penalties at this point and aint starting over somewhere else
Its WHEN not IF
Q1 '21 RXMD FINS being ontime has nothing to do with NETE deal
I dont believe 4/30 is a date RXMD needs to execute by - the other 2 companies need to execute by then
IMO RXMD has done all it needs and must wait for them....
Will I sell RXMD because 2 other companies didnt execute? Lol no
LOL not at 1.4X REVS
Im not making investment decisions based on flipper news hopes about something RXMD has literally ZERO control over....
5/15 Filing will be on time as RXMD is always on time with FINS
Reverse split has no need to be mentioned as needed to execute until S-1 is approved - therefore should be removed from this list until such time
Lets not forget RXMD can do S-1 without NETE if it needed - as it was headed to prior to summer '20
Nothing strategic about those dates without context
Thats ok, many of us here 6 years can let you know we are very satisfied
Confidentially ofcourse
Is that how it works?
I didnt know that
We are moving all over the place today...
On to recycled story #106
Its ok im not worried
Its a BIG
BIG ONE
No BUTS
I can handle them all at once. Most would rather a single post vs 3 or 4
As for this one, thanks for making my point....RXMD isnt one of the largest players in the US and therefore got less of the pie
Dont ignore what I wrote - consider everything I wrote
That gets to the entire answer which I believe is what you are looking for