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Yes but if you buy RXMD at current price and NXPL shares go up you get leverage on those RXMD when converted.
I expect NXPL to move up as we approach Q results. Also waiting on launch of Florida Sunshine brands.
Ok Cabin maybe just wait a bit and see what happens as we approach Q results and get results. I believe we should see management being more vocal with shareholders.
If you are that worried then sell, you constantly post negative comments which makes no sense if you hold shares, maybe you want to add I have no idea.
Those that run NXPL are extremely rich and have made their money making good decisions. If they kept quiet to get RXMD lower then you can argue things will go the opposite way now they have control.
I think Cabin is just trying to stir the pot, lots going on in the next few months and I am expecting a CC with Q results this time. I think reason we never got one last time was because merger was in the works. I think now they may want to talk about benefits of merger and cost savings. Also expecting nice profit from RXMD.
I would love to know how you think it would benefit him and other insiders. They all have a lot of money invested in both companies. Talking about RS is ridiculous when we are probably only 3 weeks away from another record Q.
We are about 20 days from Q results being released which should be great, got to think that shares rise as we get closer to results.
Thanks, this makes perfect sense, part of saving money.
“We have engaged RBSM LLP (“RBSM”) as our independent registered public accounting firm, effective April 19, 2024. The decision to engage RBSM as our independent registered public accounting firm was approved by the Board. RBSM is the independent registered public accounting firm of our parent company NextPlat Corp (“NXPL”).”
When was that
Actually they have been making a profit as can be seen by increased cash in the bank.
And you bash while you buy and then let us all know how much you made when you flip.
And you spend countless hours posting on this board, in a stock you are only here to flip.
I suppose another way of looking at it is;
RXMD shares are 1.48 leveraged against NXPL shares. So slowly buy up RXMD shares and then cause a run on NXPL stock, someone or entity with funds could easily do this.
After recent run on NXPL shares after results, I think there will be a lot more eyes on that stock as we get closer to the middle of May expecting a similar run on what should be great results. Absolutely no doubt in my mind that RXMD shows a decent profit this Q with all the accounting noise gone, and probably the reason management acted now to merge both companies before profitable Q.
Q results less than 1 month away, pretty sure they are going to be record breaking again.
After doing a bit of research, I think I have a better understanding this afternoon of what’s going on;
So NextPlat is going to be like a holding company with currently 3 different revenue streams;
1.E-commerce technology currently selling satcom products – Outfitters is US-based, a market the company didn’t really penetrate since the focus is Europe and global where it sells satcom products and airtime. So reason for Outfitters acquisition to gain US customers and instant revenue stream.
2.They are expanding the e-commerce business to include health and wellness products (such as OPKO and other potential brands via the e-commerce development program with Alibaba) including launching their own brand of vitamins (Florida Sunshine).
3.RXMD is a healthcare services and technology company in-line with the insiders background and let’s not forget Dr Frost has a major investment in NextPlat and we know he is a healthcare titan. Clearly focus is currently on healthcare services which in itself has increased prescription numbers. Also let’s not forget when they release Florida Sunshine RXMD can very much promote this high margin product in store and to its current clients.
So basically once merger is complete RXMD shareholders get access to all revenue streams via our shares being converted to NXPL shares of 1.48 shares for every 1 RXMD share.
Q results will be first and launching of Florida Sunshine brand.
I really don’t think it matters, 2 companies become 1 and running costs get reduced.
Thanks for posting that, quick takeaway from the filing;
1.48 shares of NXPL for every 1 RXMD share
Pretty much all insiders can’t purchase or sell shares until after merger has been completed.
No concern re them, they always show up especially as company has $26 million in combined cash.
Need to get rid of those flippers. Should get filing soon re merger details and should move up as market stabilizes and we get closer to next Q results.
We are a month away from another record Q results, with RXMD showing a decent profit.
https://stockregion.app/p/healthcare-corporation-and-e-commerce
Not sure if this link will work,but not a bad read.
The thing is we don’t lose anything with this merger and I believe the share price as a merged company will reflect the value of the company much better. It’s undervalued and will adjust accordingly.
It’s clear on the OTC that even though the business has been doing real well and much better than it previously was, the share price has not reflected that. The biggest thing is that the company could have promoted itself which it did not, maybe that would have increased share price because improvement in business did not.
You got a great deal there Gedi. My understanding is we should see 8K any day now with more details re ratio.
Well now they are working for all of us.
Stock I don’t think anyone can argue that the business has not improved since Charles took over, clearly though this had no impact on share price appreciation. As a combined company listed on the Nasdaq it is undervalued and I am very hopeful for the future.
Ambulance chaser lawyers, believe me both NXPL and RXMD have this covered.
Of course the share price of both companies can go up or down, big thing we are very much more influenced by what happens with NXPL price, if that goes up we go up.
I bought NXPL today as I believe once the flippers leave price will go up as pretty sure Q results will be stellar again and will be out in around 1 months time.
I also believe that we will get news before next results are out.
What’s important now is what happens going forward. There is significant potential when both companies combine to create a lot of value. Is going to be interesting to see how things progress going forward and I expect a lot more communication going forward.
Also just over 1 month away until next Q results which again will be record breaking for RXMD.
The low has been set and I see multiple PR’s over the coming months. Next Q results will be clean and clear of accounting and will 100% show an RXMD profit.
Very true, next few months will be interesting.
Stock if that was the case why purchase Outfitter.
I agree we should start to see regular communication going forward.
Well nearly right as it looks like 1.5 new shares for every 1 RXMD share.
Yes sure there is, lots more to come now we have this out of the way.
Both companies were pretty much joined anyways, so combining the 2 companies saves money and provides major synergies to push medical supplies and the new sunshine brand through RXMD and China.
Our success is now their success, will be lots more communication from now on.
RXMD is so undervalued it’s ridiculous, the business is doing just fine and I like the growth in the service side which in itself has brought in prescription growth for the pharmacy side.
Mr. Fernandez concluded, "Looking ahead, our plans for Progressive Care remain focused on further supporting its growth in the large 340B and long-term care markets, as well as its ability to continue providing high quality, specialized offerings and services for our pharmacy customers. Our team is confident in the long-term value of Progressive Care and are committed to actively exploring every opportunity to best unlock its potential to the benefit of our patients, providers, and our shareholders."
Ok info for you;
This is what happened.
“At year end, all public companies must do goodwill and intangible asset test to determine if they are reflecting the correct asset valuations
In RXMD’s case, the change of control required another review and valuation.
There are a number of inputs that go into the valuation including stock valuation (a big element here given the stock price decline), discounted cash flows from current and future contracts, value of assets, trademarks, patents, etc.”
My point was if they are at break even, how does cash increase by $900,000 in the Q.
Track, cash is up $900,000 from last Q results, sounds better than breakeven.