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I will only say this once, this is a bad deal for everything that you have pointed out. I didn't even have to read the whole thing before I realized what was going on. This comes from the typical playbook for sucking the entire life out of a public company.
What do you think about the M&A deal?
RXMD really should get their little games out of the way and uplist this thing. The benefits will GREATLY outweigh the costs.
Get that robot pumping out scripts and get the ticker uplisted and everyone will be very happy.
Pay the city off. It should not take 9 months to get a dinky little permit. Pay somebody off and get this thing up and going already. Everything else is looking good but this needs to be taken care of. Once they take care of this and uplist, back to moving the train.
OTC is notorious for spreading lies in PR's and filings.
"Cautionary Statement Regarding Forward Looking Statements
Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "target", "intend" and "expect" and similar expressions, as they relate to Progressive Care Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements."
2 minutes of DD may show good signs for longs.
2 hours of DD may save them a lot of money.
Put in real research and know what you are about to buy. It's crap. Turn around and don't look back.
Patience to find a real winner. Impatience leads to investing in bad companies.
Fundamentals will prevail here. PPS downturn imminent. Lies will be backed up.
Cash payments will not eliminate shares. There is no proof that cash payments are being made. There is not enough cash coming in to pay anyways.
No proof to be shown that they can pay.
If RXMD was smart they would have taken that financing money and paid off Miami offices for permit approval. However, it seems like the robot doesn't exist and management continues to line their pockets with investors' moneys.
Show is over.
RXMD has hit a road block. Price will begin to retreat even further.
I was speaking about Midam. Mass Ventures does not concern me as they just suck. They are extra suck. Everything else about this company sucks enough that Mass Ventures is just icing, no worries.
Midam is paid half and half.
Permit news and robot news has worn out its welcome. It's time to give it up. If it comes it comes, but price should not be affected by "coming soon to a theater near you" slogans.
Management acted like they may try to audit their financials, never promised. Notice a theme lately anybody?
Management's new tactic: flirt with line between ambiguity and lying!
Half was funded as cash, half was funded as shares. What are we trying to prove here?
There was never a repayment scheduled, the deal was straight half and half.
This is such a great buying opportunity!
This is why so many shares are flying off the shelves today.
This is really a terrible buying opportunity for anyone looking to get in. Wait for the next surge, if it ever comes or else you risk losing everything. This very well could slowly go into irrelevancy.
RXMD PPS is moving......down.
I did not jump to conclusions. I looked myself and generally can find anything available on the internet. I was unable to find anything.
The only fact is, you don't have the link or know where it is. How can I take your word as fact if you can't prove it.
In order to uplist like this, they would need to reverse split.
I could see a reverse split coming at some point, especially due to the amount of shares that will be outstanding in the coming year.
This volume is gross.
The permit is not coming.
This just in, BREAKING NEWS!
Shital has a degree from University of Pheonix! Armen is a Fraud!
Management is funding vacations with toxic financing!
Longs have moved on to greener pastures.
This stock is DONE!
Can you provide a link to the details of the permit showing proof that it exists?
Sell while you can boys! Don't miss the sell boat and leave empty handed. There are much better and bigger fish out there. This thing is crashing and burning.
Management is taking the financing money as compensation and sipping pinas on a beach.
Management has checked out and you should too!
If you had found it, it would be a really nice thing to post for all the longs out there wondering. It would do a lot to detract from the negativity. It would actually be a very positive thing for everyone. There should be no reason to hide it or not show it.
Wait, UNLESS you don't really have it or have ever seen it!
Permit has been imminent for months, nothing new here.
You cannot provide a link without someone else's permission? The internet is public, why would you need permission who found it?
Can you provide a link since you have found it?
I really hope for everyone's sake that this build out thing gets resolved as well. For months they have been promising, "Any Day Now". Now it might be just me, but I have looked all over the internet trying to pry up the permit and I haven't been able to find anything and usually something is out there to find. It may also be me, but I talked to someone who was supposedly the owner of the building and he acted like he didn't know anything about a potential build-out. Now this could be some confidentiality thing or maybe he was sketched out that someone found his number and was asking him weird questions, but it definitely doesn't make an investor feel secure. I don't like it when someone promises me something as "Any Day Now" and then makes me wait for several months while they keep saying the same "Any Day Now". Last month, they said they would begin building out within two weeks. It has now been a month and they have broken another subtle promise.
I definitely agree with you on everything but man......my instincts are saying "don't trust, don't trust, don't trust".
Robotic Dispenser: Going on 9 months now to get a permit for a relatively simple build-out. It is yet to be determined if a robot even exists.
Uplisting is dependent on audited financials: With all of the "positive cash flow" they should be able to afford auditing their financials. This one bugs me. If they just received financing, they have more than enough cash to pay for audited financials. They know their investors want it, they know that it would increase their value, they know it would put to bed some of the negativity here, but yet they still do not do it. This one is totally dependent on management.
OTC does not work with the greater market. Election fears and rate hike fears do not matter with OTC. Bear markets do not matter with OTC. Many could argue that the OTC actually gets more action during greater market downturn. Many could argue that OTC doesn't even have a "real" beta. OTC is completely separate from the big boards in every single way.
The PPS is currently at the correct PPS. There isn't any of this catching up to do. We have been here for a couple months and one must assume the market has found the right price at this point.
The fundamentals used to be above par. However, this is a what are you doing for me now business and the past 8 months have been lackluster. The PR's have flopped unlike the prior year. They have mismanaged their marketing. They have openly lied about financing needs. They mismanaged their conferences in June. They have left a lot to be desired. They have drove many investors away at a time when they should have been bringing in the big boys.
This whole PPS issue and negativity issue is 100% on management.
Yes, good group here.
That's a bummer. What happened?
I think we have found the real market price for this company. Next change will be to unforeseen good news or unforeseen bad news.
RXMD is getting to the point where they are scraping to find anything positive that they felt the need to let everyone know they had two less billing days compared to the same month last year. They KNOW this thing is slowly dying.
Aug 18, 2016 (Marketwired via COMTEX) -- MIAMI, FL--(Marketwired - August 18, 2016) - Progressive Care Inc. (otc pink:RXMD), through its subsidiary Pharmco LLC, a South Florida health services organization and provider of prescription pharmaceuticals specializing in health practice risk management, compounded medications, the sale of anti-retroviral medications and related medication therapy management, and the supply of prescription medications to long term care facilities, announces July 2016 revenues of $1.5 million.
PharmCo exceeded expectations during July 2016 with over 16,600 prescriptions filled and revenues nearly $1.5 million. The number of prescriptions filled increased 3.5% when compared to the same month last year despite two less billing days in July 2016. Revenues on prescriptions filled climbed approximately 43% when compared to July 2015. Compounded medications continues to be a strong driver of revenue growth along with increased demand from providers and healthcare facilities for PharmCo's risk management services.
"This is a wonderful start to the quarter," stated S. Parikh Mars, CEO. "We surpassed all of our goals for the month despite the slow season and changes in reimbursement rates that became effective July 1st. We are excited to carry forward the unexpected gains from this month into the fall as we pursue an aggressive growth strategy of new marketing and advertising campaigns, expansion into new states, ramp-up of long term care sales and development of new product lines."
Common Shares Issued and Outstanding:
As of August 18, 2016 the number shares of common stock issued and outstanding stood at 341,107,607 shares. This amount is net of the number of shares owned by PharmCo, LLC of 1,718,000.
About Progressive Care
Progressive Care, Inc. (otc pink:RXMD), through its subsidiary PharmCo, LLC, is a South Florida health services organization and provider of prescription pharmaceuticals specializing in health practice risk management, compounded medications, the sale of anti-retroviral medications and related medication therapy management, and the supply of prescription medications to long term care facilities.
Cautionary Statement Regarding Forward Looking Statements
Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "target", "intend" and "expect" and similar expressions, as they relate to Progressive Care Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.
© 2016 Nasdaq, Inc. All rights reserved.
"This is a wonderful start to the quarter," stated S. Parikh Mars, CEO. "We surpassed all of our goals for the month despite the slow season and changes in reimbursement rates that became effective July 1st. We are excited to carry forward the unexpected gains from this month into the fall as we pursue an aggressive growth strategy of new marketing and advertising campaigns, expansion into new states, ramp-up of long term care sales and development of new product lines."
Can someone explain, without any holes, how this financing situation is not toxic and how it is the best possible for an OTC company?
Hit the nail on the head. In more ways than one.
Financials are not audited.
So from '14 - '15, they increased by 28.6%
From '15 - '16, they are projected to increase by 11.1%
Less than half the increase from the year before. This really just proved a major point.
I am not shorting. I don't want to touch this stock on either side.
thank you come again
Please refer to 48152
Everybody LOOK HERE!!! This is REAL Due Diligence!
Nice work Richard!