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"very very soon with positive news"
I believe that was done on purpose! POSITIVE UPDATES!
They usually do questions with Stuart....he will post in the next few weeks.
She has 12 million reasons for the company to succeed!
We will find out soon. She wants what's best for the company!
I knew nothing would be said about any merger on the call. That would be a separate PR. They might still be in the quiet period.
The fact that it was mentioned made me excited!
Push to the close! Looking great here!
I can't even put in a trade with that many tail numbers! LOL!
Huge bid showed up...only up from now until the bell!
Yum! and I agree. I think we are going to find out a lot of good things.....if they are allowed to tell us.
Thanks! Really looking forward to this call! Do you think we will see news again at 4pm before the call?
If you thought we hit #1 today...just wait until after the call and tomorrow. We will be top read and posted!!!
$2 MILLY CASH ON HAND! SWEET! RXMD!
Only 150,000 shares to 9's!!! C'mon Power Hour!
Clear CDEL out and it's thin to 9!
That 500,000 ask wall is almost down! Let's go......
Did you just see that large ask slap!
Connecting all the dots...
First, let's agree there is a major activity going on with the S-1 filing right now. See my post on Mars' most recent interview regarding the S-1 status.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156480115
https://www.smallcapvoice.com/6-22-20-smallcapvoice-interview-with-progressive-care-inc-rxmd/
Quotes from Ms. Mars in the interview:
"They (Banking consultants) really advised us that given that our vision is much larger than just registration with the SEC (uplisting to the Nasdaq), and then we really want to begin the process of creating our own technology platform (tele-pharmacy? online transaction and payment systems?), synthesizing our expertise (combining our expertise) in the code."
"That means a whole lot of more work for me, whole lot of more work for my staff to begin to take what could have been an 80-page document and turn it into a 180-page document (Basically more than double the size of Progressive Care)."
"I just finished a trip to Orlando to really solidify all the plans and all the business perspective ideas for the S-1. Now we are putting all that into the document. (Signed the partnership /merger agreement)"
“If we tried to rush the process, then we missed out on an opportunity that has presented itself in the last couple of months (the target company has been seeking help on partnership from banking consultants in the last couple of months)”
“We really had this rare moment (merging with the target company) to take advantage of our bold ideas (uplisting to the Nasdaq) and that’s where we want to go (we will merge/reverse merge with the target company).”
Second, it was a group of banking consultants that proposed the “rare” opportunity to Progressive Care, not Progressive Care actively searching for such partnership in the first place before they started the S-1 draft. The other company obviously has been working with the consultants trying to get listed on an exchange. So, they must have very significant revenue and is also fully audited to meet the basic SEC requirements for listing. Otherwise, Ms. Mars will not be able to sign agreement and then file S-1 so quickly. I would also logically assume this company wants to be listed under their own ticker symbol.
Third, if Progressive has signed an agreement with them, why there’s still no news from them? This actually indicates this transaction was not just a simple acquisition by Progressive Care. It might have something to do with the other company’s current situation related to merge/reverse merge or ownership transition.
Fourth, Progressive recently announced they chose Daszkal Bolton LLP as their new auditing firm for SEC registration.
https://www.globenewswire.com/news-release/2020/06/22/2051119/0/en/Progressive-Care-Changes-Independent-Public-Accounting-Firm-to-Daszkal-Bolton-LLP.html
Do you know Daszkal Bolton LLP is also Progressive Care’s independent director, Oleg Firer’s Nasdaq company, Net Element’s auditing firm since 2015? See my post on this:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156453101
See Page F-2 in Net Element's (NETE) most recent 10K :
"Daszkal Bolton LLP
We have served as the Company’s auditor since 2015.
Fort Lauderdale, Florida
March 30, 2020"
Fifth, Net Element Announced Reverse Merger with Mullen Technologies, Maker of Electric Vehicles, on June 16, 2020
https://finance.yahoo.com/news/nete-net-element-announces-loi-134000261.html
The survivor company will be named Mullen Technologies, the ticker will be changed, and the current Net Element’s payment processing business is to be sold. The management of the remaining company will be from Mullen but Oleg Firer, CEO of Net Element, would remain on the board.
Sixth, Net Element (NASDAQ: NETE) is a global technology-driven group specializing in mobile payments and value-added transactional services.
https://www.netelement.com/
The company owns and operates a global mobile payments and transactional processing provider, TOT Group, Inc. ("TOT Group"). TOT Group companies include Unified Payments, Ranked as One of The Fastest Growing Companies in North America on Deloitte’s 2018 Technology Fast 500™, Aptito, a next generation cloud-based point of sale payments platform and Payonline, fully-integrated, processor agnostic electronic commerce platform.
According to their PR, TOT Group is being sold due to Net Element’s reverse merger with Mullen Technologies. Currently, NETE is trading at $7.39, almost 100% higher than before announcing the reverse merger.
Net Element’s headquarters is in North Miami Beach, the same city as PharmCo. Their CEO, Oleg Firer, is Progressive Care’s independent director.
https://www.progressivecareus.com/board-of-directors
Seventh, Net Element had decided to sell their cloud-based point of sale payments platform business before announcing their reverse merger with Mullen Technologies, most likely since April of this year. According to Nasdaq financials data:
https://www.nasdaq.com/market-activity/stocks/nete/financials
their 2019 revenue is $65M with a gross profit of $10M.
For a growing company like this size that has been listed on Nasdaq, do you think they want to be delisted forever? The easiest way for them to get back on the Nasdaq is to reverse merge with another publicly traded company. That’s why they went to the banking consultants seeking such potential partners.
Eighth, Progressive Care has been labeling itself as “a personalized healthcare services and technology company”. They have been working on tele-pharmacy platforms for years, and recently, started online pharmacy business. Net Element, through its TOT Group, has been very successful developing online transaction plat forms for various business, including restaurants, stores etc. They absolutely have the technologies and capabilities to help develop platforms for online pharmacy transactions. It’s a good match for each other’s business growth needs.
At the end of the day, Oleg Firer wanted to sell Net Element's business and relist it back on Nasdaq through reverse merger with a company than can help each other grow. He wanted to close the deal as soon as possible before the reverse merger with Mullen Technologies. Progressive Care is currently in the process of filing S-1 and is getting ready to join the Nasdaq. What do you think they will do? Net Element is already a Nasdaq company and is fully audited, by the SAME auditing company that Progressive Care just chose very recently for the S-1 filing. All that Progressive Care needs to do is to complete the paperwork (from 80 pages to 180 pages as Mars said). The newly combined company will have over $100M total revenue with at least $10M profit. Both companies are in the SAME town, Oleg Firer is the independent director at Progressive Care, and their business models compensate for each other’s growth needs.
Am I missing something?
I highly doubt that. She knows how high this PPS will eventually be. She is much smarter than that.
Someone is trying to hold this down. Feel bad those shares will be bought!
RXMD - YES! SHE'S MOVING ON UP!!!!!
I feel bad for anyone who is selling today or trying to keep this down!
We are almost at a million trades in the first 5 min!
I grabbed a few more this morning! Too good to pass up here!!!
GO TIME!!!!!!!!!!!!!!!!!!
It's pay day la!
We knew it was coming! STRONG RXMD!
That probably won't fill.....
It's the day we have been waiting for! GO RXMD!!!
$.30 easy!
Almost go time!
#1 BREAKOUT BOARDS! IT'S GO TIME! BEEN YEARS IN THE MAKING HERE!!!
I have a feeling they will address the merger anyways without questions. Good deal here!
Yes, questions were submitted.
45 minutes to the opener!!!! RXMD!
$2 MILLY CASH!
LOVE THE YOY GROWTH! REAL DEAL HERE! RXMD!
Thanks for your input! Most here know this is AWESOME news! Great to be here!!!
I've been waiting all weekend for this morning's bell!!!!