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Will people never learn you are just throwing money away selling at $1.77 when conversion price is worth around $2.20.
Who in there right mind sells 400 shares when NXPL conversion price is worth $2.17.
Nice 10689 share buy after hrs of NXPL shares at 1.53
So would you then not agree that NXPL share price should now be considerably higher.
You could say that about all insiders purchases for all companies.
I do think we could see some insiders buying but not until after merger is complete in early October.
It’s going to happen, I just thought I either saw or someone posted early October. I do agree though it may as well be done as soon as vote is counted.
My understanding just the vote tomorrow, merger will not take place until early October, but I could be wrong.
Really current NXPL conversion price is $1.78. It’s all about the NXPL share price at the moment, prior to merger.
Yes I am aware of the what’s happened, but insiders buying when there are some pending issues is very intriguing and reason I bought a few.
Now while we wait for RXMD and NXPL to make their move, go take a look at VCNX. It’s certainly not without risk, but I have a real feeling something is going too happen real soon with this stock.
Ok the risk, running out of money and Nasdaq non compliant I think by end of September, so does not sound great.
Positive note, recent data for its Alzheimer’s drug looked pretty good, and insiders just bought a lot of shares. Recent PR talked about a development partnership, and last insider buy was August 13th, so I believe we could potentially hear something after the insider purchase rule expires which I think is sometime mid to end of next week.
It has a super low share count with most owned by insiders of institutions, and float is minuscule.
Shares have started moving north again after quite sometime dropping.
Go take a look.
Gedi, I know we can talk about how quiet management have been prior to merger, but as soon as merger was announced then it pretty much forces them to be quiet. They can’t buy, they can’t sell.
I honestly believe that once merger is complete then it will change, it’s certainly the impression I have got from speaking with the company.
Make that 70 million in revenue, as per company guidance.
I added some more today.
With a current NXPL conversion price sat at around $1.75, who in their right mind sells shares at just under $1.40.
I think from your posts you can agree that both RXMD and NXPL are way undervalued as of today. Been holding along time like many on this board, but have continued to add both RXMD and NXPL at these levels due to them being want undervalued.
After merger I fully expect more communication from NXPL and some insider buying to occur.
How can you say erased, stop posting complete rubbish.
It’s a merger, 1.48 shares of NXPL for every 1 share of RXMD.
Really not sure what you are trying to say. Just because RXMD is merging with NXPL, this does not mean that their business plan has changed. It’s pretty clear that their service side is expanding and the reason why we have seen such an increase in margins.
So much scare mungering posts, RS not on the cards. NXPL having a good day, some can see how undervalued company is.
I also think the NXPL side of the business is going to significantly improve, China sales ramping up, Florida sunshine coming on line and increased sales from outfitters.
340B is going just great.
One thing we do know is that it’s way undervalued at current share price, whether these calculations are done at 50 million or 70 million. 70 million means its way way undervalued.
back in 2020 they took advantage of the UK version of a PPP loan (at a low rate like 4%) – its indicated in the 10Q
Flaker, been an RXMD stock holder for sometime. I do believe that there has been some accounting adjustments that have probably been favourable for NXPL to keep RXMD stock price low. I also believe that much of this we will not see going forward after merger and we will see a healthy profitable NXPL.
The point I have been saying over the past few months is that NXPL is getting a steal of a deal for RXMD and in turn once merger is complete we should see the share price correct to fair market value. Now where that is I am not sure, but I know it’s way higher than share price is now. I mean the business side is doing extremely well, especially RXMD and I believe we will start to see it’s true colours be recognized as soon as merger is done.
Cash balance as of June 30, 2024 was approximately $8.5 million as compared to approximately $7.9 million as of December 31, 2023. The Company generated approximately $0.8 million of cash from operating activities for the second quarter of 2024.
They added cash during the Q, so technically they did make a profit, just accounting adjustment meant on paper they never.
I agree with you that communication has been very poor. You do have to agree though that if poor communication was done in order to keep RXMD low so they could buy remaining company at lowest possible cost, then NXPL is getting itself a steal of a deal which will reverse shareholder price as soon as they start communicating and RXMD is fully integrated into NXPL.
I mean take NXPL market cap and add that to 50% of RXMD market cap and that’s under 24 million which is what they have in cash and cash is growing.
Currently management can say pretty much nothing, they can purchase shares in either company until merger is complete. I fully expect them to act as soon as merger is done. They could buy up all the float and more if they wanted, company has the cash. I have urged NXPL to consider a share buyback as soon as merger is done.
Take away share price and lack of communication, please explain what he has done to RXMD business to hose shareholders. Surely best results ever have to mean something.
People are acting like the business is tanking, when we just had record numbers again and cash at or near market value.
I also spoke with him this afternoon, and was very much along the lines of what you have posted.
I will add one thing though, it’s pretty clear that both companies continue from a business standpoint to be doing very well and the fact that the company has given guidance for year Revenue seems to indicate that. Pretty sure we have not seen Charles in the past give any revenue guidance.
A 70 million revenue company, with no debt, adding cash each month to its $24 million plus cash balance and pretty much trading at cash level is ridiculous.
Totally agree stock, if the argument for holding RXMD stock down was to buy at cheapest possible price, then the opposite will take place after merger.
Cash on hand is not far off combined Mkt Cap, which is ridiculously cheap.
You post like the company is going bankrupt, you did bother to read the earnings PR this morning for both companies.
Business side both are doing just fine, lots of cash on hand and both growing. By year end Florida sunshine brand will be selling and Opko health products have just started.
Some are really working hard this morning, shame as there were some really good points in the PR this morning that they just don’t want to talk about.
Should see Q results tomorrow and maybe some news re Florida Sunshine brand, not seen anything on this for sometime.
If that’s the case, then NXPL is getting a steal of a deal, which means NXPL shares will rise after merger.
Do t think so, PR just out;
Genius Group Founder & CEO Roger James Hamilton to Purchase up to 10 Million Shares
Should see Q results next week.
Just a reminder insiders can’t buy or sell any stock in either company until merger is complete.
Thanks
Gedi any chance you can share with me also.