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Indeed. Made most sense to me then, and especially now. Good memory!
This coming conference call might be the nudge needed to increase the price. Now that would be the start of a great holiday season. Another company I’m invested in is making an announcement this year that, and I quote, “make shareholders very happy” after years of silence. Gonna be a great holiday season!
$7/gallon by me. :(
I don’t listen to this board for advice. Lol. Everyone has been wrong for years, so why would anyone all of a sudden be right this time around?
Good chance at success. That’s all.
“Of course there are also success stories with common shareholders and SPACS. It just comes down to whether you believe in what they are doing and are willing to take the risk.”
Yup. This isn’t a typical company, so I don’t expect typical results.
No problem.
Shut yo’ mouth, fool. You gonna jinx us :’(
The general market has little knowledge of this yet. Those of us that were here already looking at the company are the ones who can see their plans. When they start to unfold those plans the buying will pick up.
How possible/likely would it be for Rxmd to merge with, or be absorbed by, NXPL?
I’m assuming a typo. Probably meant 1,075,000.
Replying to a post of misinformation.
You’re wrong, again.
Some are lacking the proper information in their brain. Stocks go up and down. Not all stocks get invested in by such high level professionals. Unfortunately, the IQ of the market ain’t great. I’ll let those reading this guess the reasons for that…
That’s true. Owners of RXMD own the debt of RXMD. So, in a round about way, RXMD owns its own debt and will give themself the best deal on payment for their debt.
Lmao. Exactly.
If there was no question Mark following a my typed words then it was not a question. Rhetorical, yes, but not a question. The question in my last post regarded the potential merger needed to hit a minimum market cap, UNLESS RXMD can raise their market cap to the needed value on their own very quickly. It also has a question Mark at the end of the sentence.
So what can RXMD PR before the uplist that could cause a major pps increase…
Any material events that may happen prior to the uplist. A merger is still on the table, right? To uplist they need a certain market cap. Fun.
I thought the quiet period ended 60 days after uplist?
Anyone else think that a steady climb in pps has begun? I’m looking forward to watching my account grow over the coming year.
Now I can’t sell. Maybe a little sale at $.50/share, but nothing much!
So why are we in the .02s?
Seems like the action of buying RXMDs debt, giving them a better deal on payments, and doing that instead of just a flat investment allows them to make even more money off Rxmd with the belief they will be paid back.
It is an excellent thing. Shows added confidence, and good business sense. Who agree? I agree.
This reads differently than others posted?
“MIAMI, FL, Aug. 31, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Progressive Care Inc. (OTCQB:RXMD) (“Progressive Care” or the “Company”), a personalized healthcare services and technology company, is excited to announce that it has entered into an agreement for a recapitalization of its current debt and a strategic investment by NextPlat Corp. (NASDAQ: NXPL) (“NextPlat”).
Under the agreement, Progressive Care will receive an aggregate of $6 million from NextPlat in exchange for the issuance to NextPlat of 3,000 units of Series B Preferred Stock as well as warrants to purchase up to 3,000 shares of Series B Preferred Stock at an exercise price of $2,000 per share. In addition, NextPlat’s Executive Chairman and CEO, Charles M. Fernandez, board member, Rodney Barreto, and certain other investors will purchase approximately $2.8 million of outstanding convertible debt in Progressive Care at an agreed fixed conversion price of $0.02 per share. Progressive Care and NextPlat agreed to reduce the interest rate on the purchased debt from 10% to 5% per annum and extend the maturity date to August 30, 2027.
NextPlat’s management team and select members of its Board of Directors will provide Progressive Care with their market-proven experience in healthcare and digital technology including the development of new healthcare and lifestyle products to be sold via NextPlat’s global e-commerce marketplaces. As part of this transaction, Mr. Fernandez will be appointed as Chairman of Progressive Care’s Board of Directors (the “Board”) replacing Alan Jay Weisberg who will step down from this position to assume the new role of Vice Chairman, remaining on the Board, while also continuing to serve as Progressive Care’s CEO. Mr. Barreto will also be joining the Board as Vice Chairman. Dawson James Securities Inc. (“Dawson”) served as the placement agent for this transaction. Progressive Care intends to utilize a portion of the growth capital to further fund the deployment of its digital platforms and the development and sale of new health, fitness, and beauty products.
Over the past 30 years, Mr. Fernandez has successfully identified profitable start-up and dislocation opportunities, and built significant shareholder value, executing both private and public exits. Mr. Fernandez’s expertise in technology and healthcare includes co-founding Lakeview Health Systems (acquired by a private equity firm for approximately $70 million) and Continucare Corporation (acquired by Metropolitan Health Networks, Inc. for approximately $400 million) where he served as chairman, president and CEO. He also served as an investor, director, and Chairman of the Audit Committee of IVAX Corporation for nearly a decade prior to its purchase by Teva Pharmaceuticals for $8.7 billion.
Charles M. Fernandez said, ”Progressive Care has built a vibrant and rapidly growing healthcare services and technology company currently serving tens of thousands of customers who rely on its PharmcoRx platform and services every day. As a technology and healthcare entrepreneur, I see tremendous value in Progressive Care’s capabilities which is why I am personally investing alongside NextPlat. I believe we can leverage our expertise, industry know-how, and global e-commerce platforms to accelerate their continued growth domestically as well as internationally. As long-term investors, we are committed to harnessing the power of digital technologies including Web3, to capitalize on the ongoing digital transformation of Progressive Care and the entire healthcare industry.”
Alan Jay Weisberg commented, “Progressive Care has pursued a vision of being able to transform the healthcare industry by creating data-driven tools and technology. Charlie and the team at NextPlat have extensive knowledge and experience in utilizing digital technology and we believe will help Progressive Care build significant value for all stakeholders including patients, payors, practitioners, and investors. We are excited to have this team of industry leaders as our new long-term investors and partners, and look forward to working together to advance our vision for modern healthcare”
And back to the 2s!
We need a nice financial statement, probably.
And back to.0322. Lol.
Seems to be stuck just under $.04. Nice increase, though. News hasn’t popped up in Schwab yet for me.
Next week then, eh?
That’s positive. Good to hear.
Lol. Making something out of nothing, eh?
Yup. Something fun like that.
Nothing indicates that.
If it doesn’t at least we could get a nice tax write off.
Terrible company. Stocks at all time low. Nothing has changed. Volume is tiny. Probably just flippers thinking it’s hit a new low and they can sell in a few ticks, but down we go!!!
Come on .01s!
Everyone should just sell now and move on. This is crashing. Lol
Says the bear….
Isn’t there a February deadline you’re forgetting? That’s 6 months away.
Anyone know where they will post the transcript of the CC?
Yay! I was hoping for a loss and I got it. My money is going away :)
Open their mouths, I’d guess.
LOL
Brains are such a rare commodity on the Internet, but the comic gold is brilliant.
What was the 7/15 deadline for, again?