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And if it does it will head back up towards fall and winter like it always does. It doesn't change the fundamentals if the stock price falls on low volume. It doesn't change anything materially except for a trader's ego.
Lower OS and lower market cap 5 years ago but nice try...longs have maintained the pps and balanced M&A expansion capital
Hope everyone had a nice 3 day weekend and is ready to rock this week. Gonna be a huge month for Progressive Care.
Low volume moves are of no significance. Even if we went to .01 on very low volume like we have I wouldn't be bothered at all. With no bear catalyst and very low volume these moves are not even important.
I'm looking forward to all of your questions and concerns on the upcoming conference call. There's a lot said here but somehow never makes it to the company itself. I find that ironic.
So then why would they issue it to themselves then? They were just bored one day and decided to do that? Lol.... You can't have it both ways.
Imagine asking a question on the quarterly conference call that is asked on this message board. Talk about a good idea.
As I mentioned previously a thousand times, unless a move lower has a bear catalyst AND high volume it's of no significance. Traders are going to trade this. It doesn't mean anything....
I keep using the example of years in the past when we also had a lower PPS and then it spikes.
That's how these stocks work. But for some reason it comes as a surprise.
Insiders haven't sold 1 share in all of the company's years of existence. That's because they're not interested in the short term. They already see where the stock price is headed and what the company will become. That's the case for any business small or large. They're in it for the long term. Progressive Care is racking up the accomplishments one by one and nothing will stop them.
Stock Price Lesson #34 brought to you by logic.
Low volume price action does not translate to company fundamentals.
There must always be an actual bear catalyst + high volume for the move to be of any significance.
Otherwise it's called being on the OTC and being volatile.
Tune in next time for a lesson on stocks and life.
I bask in the glory of knowing when I wake up everyday that none of the insiders have sold 1 share. What a time to be alive.
CVS is closing 46 struggling stores. Again this just further justifies how crappy their model is. Which one is it? Grocery stores items or pharmacy?
https://www.usatoday.com/story/money/2019/05/02/cvs-health-cvs-pharmacy-store-closing-list/3649440002/
CVS Health is closing 46 of its stores, saying the locations were "underperforming" as the drugstore chain continues to shift more of its retail presence toward health care services.
Some customer comments on the closing:
Lmao I know right...
As the saying goes every GREAT company starts with the employees and customers..
All are highly satisfied.
I don't hear any of my friends saying the same about the Walgreens and CVS grocery stores...the McDonalds of pharmacies...
Good morning everyone! I can't wait for the hour by hour update on the PPS on low volume.
Someone has to state that they're right every second of the day.
Go on a friggin vacation lol.
There are very few companies doing it. The point of my post wasn't to say RXMD is currently doing that. Thanks everyone for assuming!! The point is long term investors will be rewarded in the future.
Current CEOs and owners are starting to align on giving long term shareholders more voting rights than short term holders. The future of shareholders is that long term investors will be rewarded more so than traders. Good news just keeps coming in. It pays to stay in long term.
A higher OS but a higher PPS relative to the OS.
You have to look at the market cap.
The market cap has been increasing year after year.
They've been able to fund expansion AND still grow the market cap.
So a higher OS is besides the point because the PPS hasn't declined in proportion to that.
They will turn a profit but it's not going to be on your timeline.
Why is it so hard to understand that it takes money to make money....
Such a foreign concept apparently.
They had a lower outstanding share count and float lol. And they just went public too. That's like saying buy an IPO the day it goes public ahahahahaha. How'd that work out for lyft?
As I keep saying time and time again to you. No context in your posts...
You have to include the WHY it was .50 and the WHEN.
Right right that's believable.
Stock price currently is above all levels of 2016 (3 years ago)
My 3 year share buys shows it. The 1M buys at .005-.008 level are looking nice right about now. Next...
Yeah it's real surprising that an article about a CEO would mention HER story. What did you think she was going to talk about a birthday party and balloons?
What they want you to believe:
Progressive Care Appoints Oleg Firer as an Independent Board Member
"Just fluff"
Progressive Care Continues to Break Records with Over $20 Million in Sales
"Just fluff"
Progressive Care Breaks Record with Over 23,000 Prescriptions Filled in January
"Just fluff"
Progressive Care Executes Letter of Intent to Purchase a Pharmacy in Palm Beach County
"Just fluff"
UPDATE -- Progressive Care Executes Letter of Intent to Purchase a Pharmacy in Palm Beach County
"Just fluff"
Progressive Care Inc. Signs New Investment Banking Agreement with The Benchmark Company, LLC
"Just fluff"
Progressive Care Inc. Reports Largest Six-Month Revenue Period in Company History in Q2 2018 Financial Filing
"Just fluff"
Progressive Care Inc. Subsidiary PharmCo, LLC Earns Top Performance Scores From Humana Inc.
"Just fluff"
Progressive Care Inc. Garners International News Coverage in Top Pharmacy Trade Publication for Its Efforts to Battle Opioid Epidemic
"Just fluff"
Progressive Care Signs Letter of Intent to Purchase Florida Based Pharmacy with $18 million in Annual Revenue
"Just fluff"
Progressive Care Inc. Subsidiary PharmCo, LLC Earns Top Performance Scores From Humana Inc.
"Just fluff"
Progressive Care Inc. Garners Coverage in International Business Times
"Just fluff"
You got me man. You got me. I like fluff. Bring on more of the "fluffy" Forbes articles.
It's going to be fun watching this stock go up, up and up. To infinity and beyond. Kill em with kindness guys.
Wow now they’re calling Forbes CEO articles “fluff” ahahahahahahaahahahahahahahahahahahahahahahahahhhahahhahahahahahahahhahahahahhahahhhhhhghaghhhhhaahahahahahhaha
That’s what all OTC stocks do though at this stage. They aren’t going to trade like a big board stock. Why are you so surprised about that? These are very volatile stocks both up and down. High risk high reward. But if I’m going to pick one it’s RXMD.
That’s it? Seems like a waste of time.
So you're going to wait for .03s and then sell at .06? That sounds like a waste of time especially since there's low volume according to you.
I've heard that line year after year yet the PPS goes higher. That's the beauty of this stock. We have history to tell us those kinds of predictions don't actually come true. The opposite comes true.
One thing no one dares to mention is how RXMD's market cap has grown in proportion to their outstanding shares and PPS.
We've had a lower OS count in the past and the PPS was lower.
So someone needs to explain to me how they aren't growing shareholder value when they've been able to fund projects through the outstanding share increases yet the PPS is above and beyond where it's been historically.
Think about that...
The outstanding share count has increased and the PPS is also above where it's been historically.
That directly contradicts all of the noise and falsehoods thrown about here.
RXMD is in great shape.
In September 2015 RXMD was at .006. It then ran to .05 cents in March 2016.
People said the same thing. "I can't believe you didn't sell at .05 cents"...
The PPS then declined to almost .01 in December 2017.
In the beginning of 2018 it then ran to nearly .30 cents.
So someone who would have taken the advice of "Sell now at .05 cents" would have done worse than if they waited for the run to 30 cents.
That's why people who trade don't do as well.
Cool story. I don't look at the day to day as I'm a long term investor. Day traders are just that. Day traders...
No context yet again
Took the words right out of my mouth haha.
Their revenue # has no connection to any expectation. I think that's a gross assumption. Yeah they make millions in revenue but they're still a business expanding and acquiring. Using your logic why isn't Uber making a profit with billions in revenue? It's a fantasy land analysis.
Exactly it's because people don't read between the lines. They look at a number without any context. It's like saying someone who just bought a house with a mortgage is under water lol. Debt is good in many ways. It depends on the context though. Progressive Care has a leak clause and opted to pay cash / shares combination many times. It's amazing.
Successful businesses:
- Make strategic decisions that maximize expected value, even at the expense of lowering near-term earnings.
- Make acquisitions that maximize expected value, even at the expense of lowering near-term earnings.
So much talk about the quarter to quarter profit when this is a company still growing and expanding.
Tough decisions short term lead to big profit long term.
That's how all businesses operate.
We're not talking about a fortune 500 company with EPS beat and raises on guidance.
We're talking about a small cap who just made their first acquisition a year ago.
I love the scrutiny here for a stock under $1. Hilarious.
That's a good question. I vaguely remember a valuation being talked about on one of their conference calls. I think they looked at some comps of other pharmacies their size in the area.