Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Good start to the day green on decent volume:)
Hey Jay my portfolio could use some major enhancements LOL
I’ll start unloading if it ever gets to .10 and before that if there is no significant news by end of 1st quarter. Hopefully they won’t even attempt a R/S below ten cents or it’s sure to fail.
Finally a strong uptick with large B/A spread and almost a half million shares traded in first 15 minutes. Should be an interesting day :)
A salute to all those that served in WWlI including my late father who was in Patton’s army. Let’s also remember all who died in that war and all wars so that we can have the freedoms we all enjoy today.
Pearl Harbor Day the day we turn the corner?
We shall see.
Gedi, let’s hope the January/February bounce happens again in 2022 and we at least get past ten cents. If so I’ll probably sell some shares while they are in the green. Too many unknowns going forward plus, against my better judgment I invested too much into one stock and need to get back to a more diversified portfolio.
GLTA
Well they have until 2/23/23 to implement the R/S let’s hope they have the share price up past .10 before they try to up list to Nasdaq.
Bid/Ask moving up nicely
Yeah I wish I would have bought down here too, but I’m all tapped out. If not for woulda, coulda, shoulda we would all be rich.
GLT all longs going forward.
At least we finished green today with most of the market red. One day at a time……
Great news, finally addressing the lack of marketing we were going through during the quiet period. IMHO the move up to Nasdaq will happen regardless of the upcoming vote. You don’t hire a firm like Clear Think if there is any chance of staying in Pinkie Land. I’ll probably change my vote to yes for what it’s worth and hope for a Santa Claus rally.
Now if we can get a new dynamic CEO we can all have a Happy New Year.
Thanks Turbo enjoy your day with your family. Time to eat turkey we can talk turkey next week.
Let’s count our blessings and thank God for all the good he has bestowed on us.
Happy Thanksgiving to all of us and our families.
Money, I’m glad you stayed the course by holding AVXL and hopefully RXMD will reward us longtime shareholders if they go ahead with the RS and up list. The one thing I noticed about the AVXL chart is that it took 5 years from the time of the Nasdaq up list in 2015 to really take off. During that 5 year interval it declined to a channel between 2 and 6 cents for 4 years. Im not sure why it took so long to realize it’s true value but the market must have saw something it didn’t like over that time. Some of the longs here have already held for 5 years or more so I’m not sure if they would be willing to hold another 5 years to maybe get the big payout. Also as you know some stocks even those on the Nasdaq or NYSE have RS multiple times just to stay on the exchange and in doing so wiped out their long term shareholders. In the market there are no guarantees. I for one have gone through that twice and hopefully it won’t happen with RXMD.
Good luck to all longs.
Gedi, I also commend you for your thoughtful and informative posts over the last couple of years. I think all us longs are just exhausted by the extended quiet period and lack of meaningful news or shareholder communication from the company. It’s time after the S-1 get approved to put out some realistic obtainable plans going forward and step up their marketing efforts to attract new investors, especially if we move up to the Nasdaq. As I stated in my last post, I’ll probably hold on for the next couple of months but can’t afford to wait 10 years for a big payout that may never come. If RXMD wants to move up and play with the big boys it’s time to get a dynamic CEO and marketing team or better yet find another company to do a M/A with that will fairly compensate both existing management and longtime shareholders.
Have a great weekend.
MC I also have over 1 million shares and will hang on for another few months. This usually spikes up during the first quarter but the RS may throw a monkey wrench into the run this time . Not too optimistic that they can pull this out of the dumpster. I’ve been burned several times on companies after they RS and unless they also change the CEO and go National in a timely manner this will languish in the dumps and through multiple RS and pump and dumps.
Limbo lower now
How low can we go?
Gedi I did say I hope it’s only a one and done but was only pointing out that a lot of companies have good intentions going into a RS that later turn out badly. Also none of us really know how the market will react going forward. So far (since the call) it seems the market is asking for more details or a realistic plan to go along with the RS. Let’s hope there is more news or info released before the RS takes place or IMHO the price will go down like a lead balloon. Once that happens (assuming they’re on the Nasdaq) they only have a limited time for the share price to recover and more importantly hold above the Nasdaq minimum price before they have to do another RS or face getting delisted.
Gedi if the RS does happen I hope it’s based off a higher share price and it will be a one and done. But based on my long investing experience many times it’s only the first of many RS to keep the company on the exchange whether it’s Nasdaq or even the NYSE. Just take a look at TOPS a Greek shipping company on Nasdaq since 2004 with a market cap of $50M and a 6 month profit this year of $1.7M. They have RS so many times that the 1.23 per share price today would be worth 4.2 Trillion dollars w/o any splits.
Also look at NSPR a medical device company on Nasdaq, formerly on the NYSE that sells for 3.83 pps today. Without the numerous RS since 2011 it would be worth $2.1M pps.
I’m not saying RXMD will be that extreme but the markets have a way of humbling even the most optimistic of investors. Just some advice from a 40 plus year investor that at one time was invested in both of those companies.
Good luck to all of us.
Dream on Mr. Mike dream on.
Agree Captain, I understand Jay is just supposed to be a temporary CEO but it’s been 15 months since Shitel “resigned “. As I said before the CEO for better or worse is the face of the company and Jay never shows his face or attends any conferences or outside events. With all the positive developments Armen and the board leaves this guy in charge as a placeholder and treats the shareholders as potential bag holders.
If it drops to .02 and they reverse split they will need the 1 for 250 conversion.
Sad state of affairs
.0324 close down 6.09%.
Not a good day after for Jay and company :(
SF my thoughts exactly, at this price 1 for 150 is a death wish. Why the rush after a year and a half of quiet period?
I will vote No for my 1 million plus shares.
In the end share price is all that matters. I’m willing to let the market decide how this plays out, not selling now. It just annoys me that management seems to do nothing to get our story out there to attract new investors. With the market at new highs every week and we sit here less than 4 cents with a great story to tell. Say what you want but no excuses for this. They better have a plan in place and a new ceo if they make it to the Nasdaq.
Good night everyone.
I’m glad you put the IF in caps, this management has done nothing to support the share price. Why didn’t Jay say something like “we are working on a new marketing strategy to get our story out there” ?
Staying in the quiet period until December or January is not acceptable!!
Question for those thinking of voting yes. Why did management recommend not going ahead with the reverse split back in May 2021 when the price was above 6 cents and now recommend voting yes with a price now at less than 4 cents?
No issue if the price gets to.25 but how do they intend to increase the share price with no real marketing efforts to attract new investors?
Agree Z-man, at today’s closing price of .0345 we would need a reverse split of 1 for 150
To just get to the $5.00 minimum price for Nasdaq. They would probably need at least a 1 for 200, pice of 6.90 to provide some cushion and hope the market supports the new stock.
Time to get some management buyers and start beating the drums to get the message out to a lot of potential investors. Nothing said in call about how they intend to get the stock price up by the 12/3/21 meeting (or date of voting) for stockholders approval. With only 12 trading days until December 3rd, why rush this now when the stock price is near a low for the year. Especially after putting us through a 15 month quiet period?
I will also be voting NO unless we get more details.
Yes I think most shareholders have had enough of this quiet period with declining sh*tty share price. Time to get out there and start promoting the company instead of sitting on your butt and blaming it on the quiet period. Most of the market is setting new highs every week and we are sitting in the dumpster. Enough quiet period, start shouting our story from the rooftops!!!
Maybe one of your cousins in Florida can give Armen and Jay an offer they can’t refuse?
Just a little nudge to persuade them to share the wealth with the RXMD shareholders part of the family.
I hope they can put out this dumpster fire on the 15th ????
Yeah, Jay a great CEO to have during the quiet period.
Better rest up Jay, you have to give a 15 minute report to shareholders next week!!!
Another lackluster week for RXMD basically running in place. Let’s hope the long awaited 3rd quarter positive earnings report will be here on the 15th. The rest of the market going up and here we sit.
Zzzzzzzzzz
Yawn….Yawn….wake me up on November 15th
Zzzzzzzzzzzzzz
Doge left in the dust by Shiba now top dog!!!!!!
Run Forrest Run
Good for you Turbo let’s rock & roll !!!!