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Ask is thin. I think that stop loss trigger startled some of the weaker hands who didn't know what to make of it. With that little scare over and the thinning ask, it looks like we'll be back over the open price and heading over 3 real soon.
No worries, IMO, forget about the little dips and nuances in the price/trade action - or buy on those opportunities, if you like... the pps will correct to proper valuation .10+
Haha, you could see that coming! MM walked it down with 5k whacks and now you see now a large buy (among your $6k, I assume).
Well, the buyer got what they wanted, and those weak holders are out - unless the MM just tricked out their stop losses. This is a good reason NOT to use stop loss limits for OTC stocks! Feel sorry for those holders that lost on that play.
Very strong - look at this:
Running up from here. This is no different from the earlier runs leading up to today... see my earlier posts.
Since the morning flips, there has been no selling to speak of. Most of the rest know what they own. As buying resumes into the afternoon, those that have reduced their ask will get their confidence back and start moving back up to hold for the bigger gains that are coming. The pps correction will resume and momentum will build. We'll be a lot closer to true value very soon.
Morning trades cleared out short-term flippers, that's all. For today's news, that was very low volume. These are the impatient ones tranferring wealth opportunity to the patient ones. They made some money and were anxious to lock it in, foregoing the bigger opportunity.
As I noted earlier this morning, RXMD has been at the top of the most-read boards list on the majority of days since early October. This attracts a mix of traders, and this morning we shed those that don't know or care about DD and fundementals - momentum players. Price corrections based on changes in fundementals - e.g. debt-free - take at least several trading sessions to play out. Those momentum players were looking for the kind of day-trade spike that occurs when a bio company claims they have the cure for cancer.
This is why "they" say: Know what you own!
Also... remember to take some comfort in knowing that there are many imminent PR catalysts to keep reminding investors of the value here. Just a few:
• We'll see an 8K or OTC Markets Disclosure about this debt payoff as soon as the funds are paid and documented to the debt-holders.
• We'll have news about PharmCo's latest prescriptions and revenues for November and then, later, for the Q4 2015, the biggest quarter this year (this will probably put annual well over $15M, since revenue has been growing Q over Q, Y over Y)
• We'll have news about status of the various ongoing new revenue streams and status on the business and market expansion plans.
100% BUY signals across the board:
RXMD on Barchart
STAY LONG is the recommendation (really? no kidding):
RXMD on American Bulls
STILL in the Top 10 of the most-read boards:
RXMD on iHub Most-Read Boards
Why all these indications that RXMD might be a good investment? I dunno, maybe I should read some posts and do a little DD... and then decide. But I should probably do it quickly!
Answer from EPGL IR regarding patent assignment
See EPGL IR response below.
Bottom line: all IP in Markus' or Hayes' names are assigned to EPGL.
Any doubters, don't take my word for it, send your questions to EPGL IR and they will respond. Accurate information can be obtained from facts and filings originating directly from the company. All information posted on this board consists of opinions, interpretations or transcriptions from anonymous posters that may include errors.
Can EPGL IR lie about this? Sure. They can also go to prison for intent to defraud and/or be fined very large sums of money and/or have trading halted indefinitely and/or... Hopefully you get the point. There's plausible deniability and this ain't it. This is a crystal clear answer to the question.
Have other questions? Ask EPGL IR... don't accept statements made by anonymous posters on a message board as the default "fact."
Sun, Sep 13, 2015 at 3:52 PM
To: investors@epglmed.com
Dear Mr. Peterson,
I am a shareholder in EP Global Communications, Inc. (EPGL), and I have a question.
I reviewed the WIPO/PCT application that was recently published: WO2015/123616A1. It seems clear that this patent application is not assigned to EP Global Communications, Inc.
I do not recall seeing any filings of blanket assignment of IP to EPGL by Hayes and/or Markus, and it is customary to file with the company as Applicant/Assignee. Am I to expect that this intellectual property then is NOT owned by EPGL?
If I do not hear otherwise... should I assume that this is not the property of EPGL. Rather this would be the property of the Hayes & Markus as individuals, free to negotiate licensing or assignment to any third party with no value to EPGL / shareholders. Though this seems like an obvious conflict of interest that should be covered by any employment agreement or any compensation, research/relationship agreement similar in scope, I cannot think of a good reason that the company would not be named applicant/assignee on the patent application.
Thank you in advance for your attention to this question.
Kind regards,
(redacted...Name and phone number given to EPGL IR, withheld from this post)
__________________________________________________________________________
Investors EPGLMed.com <investors+canned.response@epglmed.com> Sun, Sep 13, 2015 at 3:52 PM
To: (redacted)
Investor,
Thank you for contacting EPGLMed. We will respond to your inquiry as quickly as we can.
Sincerely,
The EPGLMed Team
___________________________________________________________________________
Investors EPGLMed.com <investors@epglmed.com> Sun, Sep 13, 2015 at 4:00 PM
To: (redacted)
Mr.(redacted)
That's an intelligent question. All IP with Markus / Hayes or Markus/Hayes/Back et..al. are assigned to EPGL.
News could be tomorrow. To be clear, this is what management wrote in the Nov. 24 PR:
RXMD No selling, very strong, and postured to resume gains momentum. I wouldn't call it a walkdown, at all! 2 or 3 flippers sold into a good bid in the first 15 minutes after the PPS didn't skyrocket. For the next half hour when significant dips usually occur with OTC stocks, there's only been a handful of tiny trades to pay for the morning donut and coffee.
And now, small trades just trimmed off the low hanging fruit on the ask.
Never been stronger.
Very possible that management could issue this next or some future PR's after opening.
It doesn't matter to me, it can come as typical in the morning around 8am before open, I don't really care. I'm just saying it's possible. With the significance of news for these upcoming PR's, there a real possibility of significant upward gaps if such information is released in off-hours - and some companies actively try to avoid the gaps in their ticker chart.
Look at this - NITE is the only fool down low on the ask. Trying desperately to get a low bid filled before the move up.
Looks like NITE is manipulating with the big ask block. Has had 500K+ on bid at 0.0150. Just finally moved it up to 0.0160. Using the ask block, trying to get his bid filled. Funny - not going to happen, and if he keeps up, bound to lose his 3M shares. And no time left for flipping before major price correction, IMHO.
You may be right. Here's that small print - average trade this morning. It was shortly before BKRT moved back to 0.02. That may have been the very last cleanup of the gift shares from Tarpon! It sure is looking that way, but we'll have confirmation soon enough... first indication from continued price action, and then news from the company.
Composite Balance Sheet
I'm responding to your question about current financials. Financials are as current as they can get, with all quarterlies and annual reports available on OTC Markets.
But since I have some spreadsheets from my own DD, I thought it might be helpful if I updated a couple of my composite sheets and posted for you and others new to RXMD to more easily grasp what's going on.
Other than the long list of positive operational developments that Progressive Care has been working on this year - (incl. revenue & prescription growth Qtr over Qtr, Yr over Yr) easy to see in the stickied posts, so I won't repeat here again - this year has been about cleaning up the balance sheet.
Toward the end of 2014, RXMD management started what I refer to as a debt-to-equity reverse capitalization of the business. Until that time, RXMD took on a fair amount of debt to establish a viable Specialty Pharmacy operation with substantial sales and strong baseline for growth. Management presented a plan to shareholders that included several aggressive goals for 2015, including payment of all debt that was consolidated in a 3(a)(10) transaction agreement. Tarpon Bay is facilitating this transaction by selling company shares to raise the funds for paying down the debt to clear the balance sheet. Upon completion of the 3(a)(10) transaction, RXMD will be essentially debt-free. A balance sheet does not get any cleaner than this.
You can see from old posts on this board and from the long-term accum/distr trend that there is a long list of investors who strongly support this move from management, and have been supporting it through all of 2015. Additionally, there have been several spikes in the pps where market capitalization began to correct toward true value. RXMD stock is substantially under-valued, and long shareholders posting on this board believe the current true value to be well above 0.05. But as long as there have been "cheap shares" available as part of 3(a)(10) debt payment transaction - the debt-to-equity reverse capitalization, as I call it - the pps would retrace. This is now at its end, and you can see this in the chart as the share price is racheting up. As soon as the debt paydown is complete, there will be no more selling into the bid by the Tarpon MM (BKRT has been known to be the one most recently, but also some signs of VNDM), and stock price will correct rapidly. Add management's growth plans and new developments already in progress, and you will see why RXMD longs believe the coming price correction is only the beginning of a continuous and long growth cycle for RXMD.
As I noted, the balance sheet is clean! The share structure is also very clean and simple. No preferred shares to be converted and sold, no insiders selling a single share. Management communicates with shareholders and updates with press releases frequently, and company IR is very responsive to investor inquiries.
I added a column in the spreadsheet below for Q4 ending 12/31/2015. This is an approximation of the balance sheet if profit/loss is $0 for the quarter, and just shows what would be a new starting point of ~$400K (positive) Stockholders' Equity. So this is with the company simply maintaining a cash balance of ~$300K. I am not looking for profit at this stage of the business, and I think management is not, either. At this time, it is all about growth. There is much demand and much opportunity in this market, so I am looking for cash to be employed, and I also expect improved financing through investment or other shareholder-favorable vehicles for business and market expansion. Annualized revenue is currently $15M and I look for that to double by this time next year as Progressive Care management executes the growth plan.
All my opinion and analysis from my own due diligence efforts. Do your own DD, make your own investment decisions, and trade at your own risk.
Interesting. Here's a little bit of validation at least for what apparently (IMHO) occurred today with the T-trade.
I'm just taking advantage of a fairly "clean" trading day and my earlier observation when I noticed the 632,000 shares were sitting on the bid @ 0.0135 for a few seconds and then disappear.
It seemed apparent that blocks were being sold to the bid as usual today, by Tarpon, presumably, for the 3(a)(10) transaction. Some of these blocks were traded at 0.0128 earlier in the day.
If you add the 632,000 @ 0.0135 to 1,000,000 @ 0.0128, you get 1,632,000 @ avg 0.01307... the T-trade for today.
So, for what it's worth, it looks to me like Tarpon is selling to the bid and posting visibly as intraday trades in some cases, and in other cases reserving the post for the after-hours T-trade.
Just took a quick peak and happened to be the right timing to see a 600k+ bid @ 135 disappear. Bet that one will be incorporated in the T-trade we'll see after hours today.
Makes no sense that any longs would be selling here (for flipping portion of position) - break through this last little bit of resistance and any not likely any dips will allow to get back in. Any selling to take profit are losing "sure thing" of multiples higher in coming days/weeks - and so I would not call them longs.
Seems much more likely that retail sellers today are day/swing flipping shares bought in most recent 4 days at the dips to ~0127 to 0133. These are traders who don't (want to) spend the time to learn anything about the company/stock or the larger opportunity, just want to grab 10-20% profits and move on - the same folks who preach "always, always take your profits at the end of the day." Volume is consistent with this.
Haha, very funny. Sorry Charlie, if it's sub-penny you're looking for, you missed the RXMD jet ferry. There are many other OTC tickers to choose from - most will give you sub-penny and even bring you down to trips if that's what will float your little fishing boat.
I started my position in early September, solidified at the 005 lows, and have added substantially near the bottom of each run since then - 3 times. Next run-up coming, getting very predictable, so I'll be adding more between tomorrow and Friday before next news with status updates. I think it'll be Tuesday, or maybe Wednesday, we'll see. I expect 3 or 4 more significant steps up through January before mid-Q1. By that time there will be other new developments and pps price-hike catalysts. Company management is not sitting on their hands - they're leveraging a strong foundation and... growing. And now, debt-free! Eliminating the drag from the debt expense is going to allow the company to pick up speed.
So... good luck with your sub-penny fishing expedition.
$RXMD
Thanks for sharing, golfboy. This is good to know, I didn't expect to hear about any further progress in this area until well into next quarter. The company has been so dynamic this entire year toward really developing and growing the business - what an exciting time! The list of topics for upcoming news updates is really stacking up:
November performance, revenue / prescriptions filled
Debt payment status
Debt-free announcement
Pharmacy physical expansion status
Robotic dispensing system status
Palm Beach market expansion status
340B status, revenue starting
MTM Status, revenue starting
Non-Deal Road Show… results / new financing possibilities
OTC yield sign removal
SEC filing plans
OTC (QB?) upgrade plans
Partnership / merge / new location opportunities
Well, you just be patient, it will surely happen. I heard that if you set a goal, no matter what it is - and be patient - it will eventually happen. You just have to "will it" to happen, and it will eventually come true. I've been waiting to win the mega-lottery, and I just know it will happen because I really really want to win. Oops - almost forgot, I should probably buy a ticket.
Yes, and clearly he has no credibility with whatever is spewed out in "tacit" "supposition" form. Or was it "suppository" form, that he will apparently sit on and maybe re-absorb somehow through... osmosis? I don't know, I can't keep up with the fringe vocabulary in the dialog... waste of time.
But really - trying to sound well-versed in language and so as to appear knowledgeable and "above the little people"... and then start talking about really really looking for the pps down at some fantastic low number, only to claim minutes later that he's going to present a millions-of-shares bid for everyone to look at? Where is the consistency or veracity in that?
You're right, just games people play while the rest of us patiently make money.
Very nice RXMD PR today! And what a beautiful trading day, the chart speaks to the strength of the stock and RXMD shareholder base.
A big thanks to the short-term holders who are providing liquidity! I mean that sincerely, I am glad you folks are making some money. If it were not for you folks the price would be undesirably volatile with a huge spike and retracement that we longs really do not care to see.
The volume and price action boldly underlines the strength of RXMD and the trajectory it is on. With the news today, the list of business growth catalysts is really stacking up - and of course, this translates directly to further pps growth catalysts beyond what we are already expecting over the coming days, weeks and months!
The following is my opinion-based analysis, as an RXMD investor (long shareholder), presented for those who may be considering RXMD as an investment. Chartists, momo players and other traders - I'm sure you have your own plan already well-established, so this is not for you.
This opinion-based analysis is limited to that which cannot be easily learned from initial DD with all of the material that is available in the sticky posts (or other posts), OTC disclosures and company PR's.
The current O/S is ~330M. Take away the insiders and other restricted shares, and that leaves the float at ~280M. Due to how tightly this float is held (see below) by long shareholders, I estimate the "effective" float at ~30M shares, maximum, until the pps reaches the true value range of... ~0.10+. But that is based on today's company status and performance, including the $15M annual revenue rate. Longs believe that could easily double, and company management has several new developments in progress and growth plans to get there in the near future.
At today's price range or anywhere in the low pennies, I estimate the "effective" float to be closer to 10-15M shares (or, 3 to 5% of the O/S).
This morning's price and volume action is consistent with my estimate of the very low float. By mid-day, only 8M shares traded, represented only by profit-taking from short-term holders. The great majority of the free-trading shares (actual float) is being held tightly by long holders who see a much higher value for RXMD and are not interested in "trading" in and out for small gains (and risking a part of their position).
As we long shareholders know - as well as all of the passive board readers and followers - the float is tightly held by longs who've been accumulating shares over the long haul (through this entire year). Many or most long RXMD shareholders firmly believe in Progressive Care and the long-term growth potential. Management has been outstanding in establishing and delivering on all goals and they have been timely forthcoming with business performance and financials, and company IR has been very responsive to any/all investor inquiries. Longs believe RXMD is on a trajectory for continuous and significant organic growth, with a high potential for exponential growth ongoing from expansion of services and market reach (including significant potential for windfall growth from M/A actions).
Based on the continuous progress the company has made over the past year, additional/maintenance DD that I have done and including recent new developments, I have raised my own short-term (immediate, 2015) pps target to ~0.09, and my near-term target (Q1-Q2 2016) to ~0.15. My current 1-year target is ~0.30-0.50 range (Q4 2016). Obviously, many variables are involved that will affect my 1-year target, and so I will most certainly narrow it down substantially and revise it upward or downward as we get closer to Q4 2016.
As I previously stated, all of this is my own opinion, based on my own DD. Do your own DD and trade at your own risk.
You're confusing. Are you sure I got the wrong poster? I thought I replied directly to your post.
You seem to have implied that you "called that one" and cashed in some tickets today. I don't think I'm the only reader who got that impression.
In ANY case, you've made several references to charts and "technical" trading recently, and just in that post:
Nice buy, Capn!
Haha, I'll tell you tomorrow if I'm envious of those two sells that just went through .0115!
If we get news tomorrow... I'm not envious at all.
If we don't get news and some other flipper comes along in the morning to sell those ~140K shares back to me for... forget it, won't be low enough to be worth it.
I guess I'll tell you now - I'm envious of the buyer.
Accumulation/Distribution is really pretty straightforward (see great links below) if you just pick the raw numbers from a few days and plug them in, see the results.
I know you are aware of this... but not ALL stocks have such an accumulation trend (like EPGL). Not by a long shot! In fact, it's not the norm for penny stocks. For a great number of penny stocks, it's actually the mirror image - sloping the other way.
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:accumulation_distribution_line
http://www.investopedia.com/terms/a/accumulationdistribution.asp
Buys outweigh sells by 2:1
That was a typo where I said 3:1 in previous post
Don't let it fool you (or EPGL noobs) - the capitulation is small-time. The ~500M "float" is being held very tight. Previous position holding has been... unreal. Longs have held and continue to hold. The spread % has just widened enough to make it a small playground for those who like to flip for a few bucks.
Buys outweigh sells by 3 to 1 today.
10-day average volume is 340K, which is...drum roll... a humongous 0.008% of the O/S!! Oooooh, better watch out, that's a lot of trading going on.
But seriously... we'll see some volume very soon, along with a solid step to the north. For all the right reasons that longs have been holding.
I know... I'm preaching to the choir. Just had to say it, though.
Ouch! Sorry to hear that. I had a few interesting experiences with MJ stocks a while back. Not worthwhile for me.
Well, make your own decision and please don't take this as "advice" (decide based on your DD)... if you still have anything at stake on POTN - if it were me, I'd cut my losses with that one and put what's left right here into RXMD. RXMD is a gem!
You may "pinched" a loaf of POTN at that price, but not RXMD.
Here is a qualifier on your comment here and my last reply.
The spread needs to remain narrow until the flippers have sold out. So just slapping the ask and letting the spread gap wide again will just start the cycle over.
Doesn't matter much anyway, my guess is that 50% or more of the flipped shares are going into longer/stronger hands and we'll have that ratcheting upward action until heavy buying starts up again. Happy Holidays coming for all holders, and even a little bit of extra turkey gravy for the flippers this week. We're all happy, right?
Yes, that's common, of course, but just as times2times2 suggested to you about flipping a few shares to "work the price"... anyone can "play MM" for a day.
I kinda think it's the flippers. The volume is low, this stock price is low, I don't think the MM's have whole lot to gain playing the channel today.
But get yourself a Robinhood account and make your free trades all day in study hall and you might make some weekend cash.
Exactly, you got it. Yeah, shortly before I mentioned putting bids up against the ask, I noted that someone put 100K at .018. That was good to see. As you said, best to look out for it and, if it spreads more than 1 few % again... wanna get a bid up there. That 10-12%+ spread crap is just "flipper heaven" as they say and hope for.
Oh yeah, definitely some flippers manipulating to keep the spread. Notice the repeated 1k share dumps to the bid. What is that... a $12 trade? Easy to see it.
I think what is better in this flipping channel - rather than slapping the ask - is to just put bids up against the ask. When the bid support starts stacking, then slap the ask to move it up.
Otherwise it's a vicious cycle - not enough buying to keep the trades at the ask price, and no buying pressure when the pps keeps oscillating over the wide spread.
Good point - and worth noting, 6% of the O/S traded last Thursday before BKRT backed off. And it appears that about 60% of that - or 3.6% of the O/S - went toward the final debt payment. Man, talk about a strong finish!!
Gotcha back +1
Happy investing, Happy Thanksgiving!
Thank you, again. I reviewed the 144 and 145 a while back and also took another look this morning.
I was just looking into it with more depth as maintenance DD to see if I could dig up anything at all that would indicate that the debt had not been paid off last week. I find nothing at all, so I am sticking with my original suggestion that, if there was any basis for the 20% limit - which, I believe you, the company must have given you guidance on this in the December2014/January2015 time frame when you first mentioned - it was most likely part of the "sales process" agreement between between Tarpon and Progressive Care.
In other words, there is no SEC rule or other limitation to the sales of the shares - as noted in the 8K court order, the shares are "free-trading" common shares. But it makes sense that RXMD gave guidance to Tarpon on the general process, something like... sell no more than 20% of the daily volume to the bid, so as to avoid unnecessary pps deterioration. However, if there is bid pressure and ask slapping, move up and sell or just sell at will.
Something like what I am suggesting above must be the case, as there is no correlation between a number like 20% and the tranche quantity versus period volumes.
My (personal opinion based on my DD) conclusion is even higher confidence that selling is finished - except possibly very minor cleanup as indicated previously - and the debt is paid off.
Okay, thanks for replying - much appreciated.
Answer To Why The Heavy Buying RXMD -
If you look at the chart below and think "Wow - Somebody must know something, beautiful chart!" you'd be right. There's a rumor. Well, actually, much more than that.
Many RXMD longs on this board, after accumulating shares all year (see the chart) while the company has been paying off debt, believe the company is now debt-free... as of Thursday (11/19).
While no one can be certain of debt payoff until the company confirms this with a news release, it is imminent - if it hasn't been completed yet, it's only a matter of days. RXMD management's goal was end of year, their recent guidance from Q3 report was "on track for goal" - though most who've been tracking the debt payment progress believe it was completed just last week.
In December 2014, Progressive Care (RXMD) management communicated aggressive 2015 goals for the business to shareholders - including clearing the debt from the balance sheet this year. The company has given frequent status updates all year as they have been meeting or exceeding all of these goals. This is a real company with real $15M annual revenue increasing substantially year over year and is posting real operational profits quarterly. The company is growing and the business is in a high demand, high growth market.
Due to the dilutive affect of selling shares to pay off the debt, the company has been greatly undervalued while this process was ongoing.
These are my own opinions from my own DD, for informational purposes only, not advice. Do your own DD...
RXMD DD... WHY LONGS ARE HOLDING TIGHT!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118672449
Read the stickied posts on this board.
Read OTC filings/disclosures and PRs
Facts? Here --
There are only two absolute FACTS that can be stated:
1. The company has been successful in its endeavors all year long for growth, operational profitability and debt payoff, as indicated in quarterly filings and disclosures all year long - including the most recent quarterly report that indicated debt payoff imminent, on track for their goal of "by the end of 2015."
2. You're contradicting yourself, grasping at straws. First you acknowledge that no PR has been published about debt payoff. Then you say that you don't believe it's been paid off, and Tarpon will start on another tranche on Monday. And now here you say the fact that the share price has not hit 2 cents yet - after only 2 says of back-to-back 20+% gains - is proof that it will not go any higher after debt pay off (is verified by the company). Do you have no sense of logic?
If you could maintain a direct and consistent line of thought, maybe you could figure out when it's a good time to buy a stock. You would also know that the price of a stock reflects future value perceived by the market (investors). Regardless of WHEN the company announces/verifies debt payoff complete, those who are buying before the news are apparently a bit more savvy than you.
So what if we're wrong and it's another week, even two for debt payoff? Unless you're a day trader who absolutely cannot stand to leave your money on the table for a week or two... you don't sell.
If you cannot see that when news is announced that the Tarpon debt repayment deal is successfully completed, the stock price will correct substantially to toward the true RXMD market value... you should get out of the investing/trading business and go to trade school. You know, "trade" school, like for fixing lawnmower engines or operating heavy machinery, or something that doesn't require dealing numbers and percentages and market supply/demand or investing DD. And then put your earnings in an index fund and forget about it until you retire.
But if you want, just wait to buy until the company announces the debt paid off and see how many shares you'll be able to buy at today's price. Or don't buy, and look for a better investment.