I completely liquidated my position today. The lack of communication as of late is disturbing and there is a huge risk with the recent slide in oil prices.

I sold 50,000 for tax purposes as well as the silence and oil price war. There needs to be more communication to take this stock seriously.

The big drop in oil prices is going to be tough.

Of course it is. It is always on the verge of exploding.

PUMP $PXYN

I wonder the same. I don't think oil can stay this low for long.

Anyone heard anything? No news for a while.

Thanks for your analysis, CDHames. Aside from the net profits and state licenses, the only recent news has been Broadridge and they offer nothing of value to the common shareholders. My guess along with yours is that they will be pivotal in the conversion of debt that will result in some form of dilution. The question then becomes if the profits are retained for further expansion and/or to buyback shares for those who have financed this operation. At the end of the day this is dependent on what management wants to do, and a lack of communication does not sound friendly to shareholders. Just look at SCRC who PRs frequently and CLEARLY has a team of pumpers for the stock. They tried to convince people that PIPE financing at $0.05 a share was OK because it was in "friendly hands" despite the fact that the existing share price was double if not more than that at the time.

My advice to everyone is to take a good hard look at the company and do some form of due diligence, even if it is as simple as questioning just how well thought out someone's argument is for or against the stock. The OTC is the wild west of stocks.

I talked about the stock plenty, but I can't stand pumping because it really calls into question the poster's motives. I put money in before the last Q that was a total disaster and it was the same thing. Massive pumping followed by a quick dump of shares. This late filing was no different. They are not growing fast enough to deal with the dilution that is sitting out there, and frequent pumpers on this board are citing a PE of 15 on just the common float without any consideration to the other shares.

Good post.

Hahaha. What? "PXYN BAM BAM", and "... and I'll be backing up the truck for more cheapies" doesn't do it for you? Yeah, the pump is real.

And the pump continues.

I did nothing other than point out issues with some of the things being said here. If there are people here who end up with a 10 bagger, then congratulations. I chose to lock in a profit and see what the quarterly contains. A profit for this company is a good start, but it means nothing without taking into consideration the share structure and whether there is dilution along with it. There was a large amount of selling today that could be for a good reason or out of fear. Either way the fact remains that this stock dropped immediately on the news.

Aside from factoring and having one major point of contact for sales, I think there is definitely some risk in the margins they are making on these topicals. The margins at the moment are huge, but that doesn't mean they will remain that way in the future. All I am pointing out are some of the possible risks in a sea of people who are spamming how they are going to become millionaires owning this stock.

Why was Drug Doctor banned from posting temporarily?

Absolutely. I sold half my position because of the issues CDHames brought up, and a slam dunk quarterly is not a given. I did like the run up today as my cost basis is a little over 4 cents.

Thanks CDHames. I read over some of the postings of the newcomer, and some of the things he was saying were certainly reasonable. It is also disturbing to see the mindless cheer-leading that has been going on from the same people. I sold about half.

Yes it does suck. Oil prices this low don't help this play at all.

Using technical analysis for a penny stock is often a worthless endeavor. I don't understand why people keep posting them.

I would certainly hope that no one is betting their future on this....

How many of you are promoters rather than investors? Sorry, but the sheer amount of daily posting by some is getting to be rather ridiculous. I know we are all waiting for the next quarterly, but I don't see how this adds to the overall discussion.

I'm just a little worried about the Broadridge move. It seems to be more about converting locked shares than anything else. Anyone here can go to Google finance and check what they have as the share structure. CDHames talk with them was somewhat enlightening.

CDHames is pointing out that a Billing Department requires staffing as well, so there is a balancing act between additional revenue in place of what would be lost in factoring that also has an internal rather than external administrative burden. He is also pointing out the fact that if you begin to see multiple departments or spin offs coming from this company that have no clear benefit for the future, then you should begin to wonder if this is a scam, or at the very least they have little regard for shareholders.

The bottom line is that the disinflationary pressures that were affecting assets are now affecting commodities with the exception of food. Oil has slid quite a bit the past week or two. The Mississippi play requires a different approach for it to be profitable, and with oil prices dropping it makes it a losing proposition. If any company manages to find an ideal method for extracting oil from this area, then the rest should benefit as well. I can't see this area being left alone long term, and at some point the financials make sense to extract the oil whether it be due to a constrained supply or better technology to make it less costly to drill. The question remains how long it takes, and how much money is thrown at administrative salaries for this particular oil play to pan out or fail.

I feel somewhat better that they have managed to attract foreign investors, since it seems to signify at least some confidence from big money. As far as I'm concerned, this investment will pay off nicely or go to close to zero. At the very least the land is worth something.

Fair enough. I prefer a balanced take on the reason behind why someone is buying for a long term hold, short term trade, etc. That said this is the OTC and most companies are either a scam or promotions for a long shot. I wouldn't be here if I didn't think there was some validity to the PXYN story, but it helps to have a side of each story as the story is unraveled. Skeletons can pop up at any moment, and I personally find cheer leading and promotion campaigns absolutely distasteful.

Personally I like Rhenarium's view point because quite frankly this is a penny stock on the OTC. Too often the message board is filled with "loading up the truck", or "can't wait to buy a new boat when this skyrockets to the moon" type nonsense that screams of dishonest promotions. I happen to completely agree with Rhenarium's view point on the share structure. Even if some shares are locked that still needs to be factored into the value of the common shares people are picking up. While it may not be a huge deal with volatility in the short term (even though clearly there is some group dumping shares now), it affects what someone may deem to be a fair value for each common share.

I am sticking with this until the next quarterly filing is released and I will decide what to do from there.

I don't see any news either. It sure did sink quickly.

Who is unloading now?

This seems to be the same old song and dance. PR that pushes the price up followed by a steady decline to 4 cents.

Very quiet lately.

The cost is minimal. The real problem is the realization of only a fraction of their revenue. If they can manage their own billings they will be in a far better position. The push-back from insurance companies is also somewhat concerning.

If you look at the chart today the volume has been extremely high on the sell side and very light on the buys. The combination of the squeeze on reimbursement rates and the dependence on factoring is risky.

Me too. Would have been a 50% gain for me. At the very least it seems to be settling between .068 and .07. They need to start handling their own billing and receivables.

Hmm. Considering adding more.

We'll see one way or another when the 10-Q comes out. The fact that it has taken this long is absolutely ridiculous. I can't believe that we are nearing mid July and still no news.

I still think it is a bit odd that the filing has taken this long to perform. Am I not mistaken that Dan released the PR regarding the revenue? The guy seems like a person who is always jumping into opportunities as a hustler. It didn't even take them long to oust him as CEO.

That's all well and good, but it doesn't mean that Scrips filled that order and delivered product. It just means the order is approved.

This isn't correct. In Accrual Accounting they can book revenues when items are delivered or services are rendered. There has to be a reasonable expectation of payment. I wonder if they actually shipped $2.7 million in topical pain medications. They could have been backlogged and didn't have the means to meet all the orders in June.

Yes it was. I am still holding. It pains me to think what it may drop to, but if they continue to execute on their plans then it may pay off in the end.

It still doesn't make sense. If someone is truly a believer of the company and a "friend", they don't need $0.05 a share to get involved. It is a giveaway.

Thank you. Good response overall.

Quite a jump today. 50k order for $0.045 end of the day.