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Follow the big money.
He bought the shares before Charles invested in RXMD. That means he knows his money will be used for such investment.
Roland Palmer, the top Alibaba executive, does not hold any position at NextPlat, but he owns more than 760,000 shares of NXPL, that’s more than $1.7M at the current stock price. Actually he spent at least $3.5M when he purchased these shares. Do not tell me he was given these shares by the company. Of cuz he was not. All the other board members paid for their own shares. Ellenoff is an exception, but he is an employee. Palmer is not.
Roland Palmer, the top Alibaba executive, does not hold any position at NextPlat, but he owns more than 760,000 shares of NXPL, that’s more than $1.7M at the current stock price. Actually he spent at least $3.5M when he purchased these shares. Do not tell me he was given these shares by the company. Of cuz he was not. All the other board members paid for their own shares. Ellenoff is an exception, but he is an employee. Palmer is not.
Do you know Roland Palmer, Alibaba's Managing Director for UK, Netherlands and Nordic countries, is a 5.2% stockholder of NextPlat?
Let this Sink in. Why a top Alibaba executive director is holding more than 5% of NXPL and is willing to be reported on the proxy for the world to see?
https://content.equisolve.net/sec/0001493152-23-011075/formdef14a.htm
"The Chinese Alibaba Group has promoted Roland Palmer to general manager for the United Kingdom, the Netherlands and the Nordic countries.
Palmer succeeds David Lloyd, who recently left the Chinese e-commerce company. The Dutchman started at Alibaba in 2016 as Benelux director, with the main task of showing businesses the way to Tmall. He was later appointed head of Europe for payments subsidiary Alipay, The Retail Bulletin reports."
https://www.retaildetail.eu/news/general/roland-palmer-becomes-alibabas-managing-director-uk-netherlands-and-nordic-countries/
"“You can boost your business through export, but you do have to learn how to do it.
5/31/2023
In a recent interview , we spoke to Roland Palmer, General Manager of UK, Benelux & Nordics at the Alibaba Group. Roland elaborated on the findings of Alibaba’s recent survey into the UK export market and told us about what support UK SMEs need to boost their export sales."
https://www.businessleader.co.uk/boost-business-through-export-but-have-to-learn-how-to-do-it/
https://www.linkedin.com/in/roland-palmer-74528b/
Do you know Roland Palmer, Alibaba's Managing Director for UK, Netherlands and Nordic countries, is a 5.2% stockholder of NextPlat?
Let this Sink in. Why a top Alibaba executive director is holding more than 5% of NXPL and is willing to be reported on the proxy for the world to see?
https://content.equisolve.net/sec/0001493152-23-011075/formdef14a.htm
"The Chinese Alibaba Group has promoted Roland Palmer to general manager for the United Kingdom, the Netherlands and the Nordic countries.
Palmer succeeds David Lloyd, who recently left the Chinese e-commerce company. The Dutchman started at Alibaba in 2016 as Benelux director, with the main task of showing businesses the way to Tmall. He was later appointed head of Europe for payments subsidiary Alipay, The Retail Bulletin reports."
https://www.retaildetail.eu/news/general/roland-palmer-becomes-alibabas-managing-director-uk-netherlands-and-nordic-countries/
"“You can boost your business through export, but you do have to learn how to do it.
5/31/2023
In a recent interview , we spoke to Roland Palmer, General Manager of UK, Benelux & Nordics at the Alibaba Group. Roland elaborated on the findings of Alibaba’s recent survey into the UK export market and told us about what support UK SMEs need to boost their export sales."
https://www.businessleader.co.uk/boost-business-through-export-but-have-to-learn-how-to-do-it/
https://www.linkedin.com/in/roland-palmer-74528b/
You can say whatever you want. I will keep loading to the bank.
Loading, loading, loading. lol. I just keep loading.
The current Alibaba agreement will expire on July 20, about 50 days out. Charles said they will put out a lot of news related to joint ventures over the next 60-90 days. Link this with what this article said: "Onboarding businesses in all of the Americas could quickly snowball as more and more companies join the NextPlat initiative of new e-commerce profitability and success stories about the program emerge." It's easy to see they will renew the agreement after July 20 with Alibaba because more and more companies will form joint venture with NextPlat. Big healthcare companies will definitely be part of these deals. Just sit tight and/or load more. Big days are coming.
https://web3mediawire.com/nextplat-corp-nasdaq-nxpl-celebrates-great-day-in-miami-with-more-on-the-way/
I will not do this. The partnership/joint venture is for RXMD too. This will pop even harder than NXPL when the right news hit.
It doubled up on the day when the Alibaba agreement news was announced. What will happen if they start announcing many many more major real partnership and joint venture news that will actually bring in much higher revenue? This is mind boggling if nobody can see what is about to come.
Seriously, what Charles said yesterday in the annual meeting about many joint ventures with NextPlat that will be announced over next 60-90 days is substantially game changing.
That’s where NextPlat can help american businesses to sell products to China through TMall and Alibaba.
Great news to come. See comment from Charles from today's annual meeting: "Extremely complicated agreement with TMall and Alibaba, which requires a lot of joint ventures and different things, so for that reason, we expect over the next 60-90 days, we will be putting out a lot of news related to that and related to those potential joint ventures. So the appropriate time it is my intention that the company will become substantially more active and provide information to shareholders as to its current activities and or future plans. I look forward to a great and prosperous new year."
Great news to come. See comment from Charles from today's annual meeting: "Extremely complicated agreement with TMall and Alibaba, which requires a lot of joint ventures and different things, so for that reason, we expect over the next 60-90 days, we will be putting out a lot of news related to that and related to those potential joint ventures. So the appropriate time it is my intention that the company will become substantially more active and provide information to shareholders as to its current activities and or future plans. I look forward to a great and prosperous new year."
Robert Bobwell from Progressive Care hosted the meeting. Cecile is there.
NextPlat virtual annual meeting replay link:
https://spaces.hightail.com/receive/o1xlVxDv84/fi-67f49430-ac37-469e-a543-5b712ca5a460/fv-d21153e7-fe58-4745-a113-e2791f0952ce/053123-1000(EST-EVT)NextPlat%20Corp%20.wav
You need to pay. Not available on phone.
And the premarket and aftermarket information are not even available anymore, the watchlist design is a joke. They did this to make retail investors more difficult to trade just for their own benefit. This is how they play games against retail investors.
Schwab platform is so much worse than TDAmeritrade. No more free level 2. Anyone can see what's on the bid rn?
snowball
"Onboarding businesses in all of the Americas could quickly snowball as more and more companies join the NextPlat initiative of new e-commerce profitability and success stories about the program emerge."
https://web3mediawire.com/nextplat-corp-nasdaq-nxpl-celebrates-great-day-in-miami-with-more-on-the-way/
"Onboarding businesses in all of the Americas could quickly snowball as more and more companies join the NextPlat initiative of new e-commerce profitability and success stories about the program emerge."
https://web3mediawire.com/nextplat-corp-nasdaq-nxpl-celebrates-great-day-in-miami-with-more-on-the-way/
"The new merchant agreement enables NextPlat customers to fully use Tmall Global e-commerce platform to seamlessly sell their products to this explosive Chinese consumer market — and enjoy benefits at the time, including discounted fees and enhanced customer service. Mostly based in and United States and throughout all of the Americas, these customers are eager to reach Chinese consumers. NextPlat’s first step, the launch of a Florida-based e-commerce development program, sets the stage for what the company is confident will be a rapid expansion of similar e-commerce development opportunities. NextPlat intends to expand these opportunities to businesses throughout the United States and all of North America as well as Central and South America."
https://web3mediawire.com/nextplat-corp-nasdaq-nxpl-inks-deal-to-open-doors-for-us-business-to-mammoth-chinese-consumer-market/
No need to be sarcastic. It has been preplanned.
Effective July 1, 2023, Progressive Care's current CFO, Cecile Munnik, will become a fulltime employee of NextPlat. Just about 30 days out.
https://contracts.justia.com/companies/progressive-care-inc-14070/contract/260234/
She personally purchased 3522 shares of the company's common stock on the open market about 10 days ago.
Fernandez and Barreto invested tens of millions of their own dollars in NextPlat and became the company's CEO and Director. Ellenoff invested 0 of his own dollars in the company and was appointed as Vice Chairman and Chief Business Development Strategist and given millions of shares. Why?
https://ir.nextplat.com/news-events/press-releases/detail/82/orbsat-corp-expands-focus-on-e-commerce-with-appointments
Mr. Fernandez, said, "David Phipps and I are honored and excited to welcome Douglas at what is a critical inflection point in our corporate development. Supported by over $14 million in new growth capital to strengthen the balance sheet and significant second quarter revenue growth, we intend to further capitalize on the strength and scale of our online business model. The addition of Douglas Ellenoff is an important initial step in our transition to becoming a global e-commerce platform company with revenue opportunities across various high-growth sectors of the e-commerce space."
All is planned. NextPlat is the ONLY company where he's holding a position other than his own companies. His resume makes it no more need to speculate why a prominent investor like him would have decided to join NextPlat. There can be only one reason.
"Douglas S. Ellenoff, a member of Ellenoff Grossman & Schole LLP since its founding in 1992, is a corporate and securities attorney with a focus on business transactions and corporate financings. The Firm, which consists of nearly 80 lawyers, has established itself as a leader in various capital market initiatives, such as, Crowdfunding, SPACs, PIPEs and Registered Direct offerings. He is also Chairman and Co-Founder of iDisclose, an online application for entrepreneurs and small businesses. iDisclose may be deemed to be an ancillary business of the law firm, which indirectly through an investment holding company, has an ownership interest in the business opportunity.
During his career, he has represented numerous entreprenuers, broker-dealers, investor groups and many corporations involved in the capital formation process. In the last few years alone, he has been involved at various stages in numerous registered public offerings, including 100 financings and, with other members of his firm, over 500 private placements into public companies (see PIPEs and Venture Capital), representing either the issuers of those securities or the registered broker-dealers acting as placement agent. Along with other members of his Firm, Mr. Ellenoff has been involved at various stages with 125 registered blind pool offerings (commonly referred to as "SPACs") and 25 sizable SPACquisitions (the M&A component). With respect to Crowdfunding, he is actively engaged with clients (funding portals, broker-dealers, technology solution providers, software developers, investors and entrepreneurs)-- he has been to both the SEC and FINRA numerous times to discuss the proposed rules. He also provides counsel with regard to their respective ongoing (SEC, AMEX and NASD) regulatory compliance. Mr. Ellenoff has represented public companies in connection with their initial public offerings, secondary public offerings and regulatory compliance."
https://www.linkedin.com/in/douglas-ellenoff-588b682/
Fernandez and Barreto invested tens of millions of their own dollars in NextPlat and became the company's CEO and Director. Ellenoff invested 0 of his own dollars in the company and was appointed as Vice Chairman and Chief Business Development Strategist and given millions of shares. Why?
https://ir.nextplat.com/news-events/press-releases/detail/82/orbsat-corp-expands-focus-on-e-commerce-with-appointments
Mr. Fernandez, said, "David Phipps and I are honored and excited to welcome Douglas at what is a critical inflection point in our corporate development. Supported by over $14 million in new growth capital to strengthen the balance sheet and significant second quarter revenue growth, we intend to further capitalize on the strength and scale of our online business model. The addition of Douglas Ellenoff is an important initial step in our transition to becoming a global e-commerce platform company with revenue opportunities across various high-growth sectors of the e-commerce space."
All is planned. NextPlat is the ONLY company where he's holding a position other than his own companies. His resume makes it no more need to speculate why a prominent investor like him would have decided to join NextPlat. There can be only one reason.
"Douglas S. Ellenoff, a member of Ellenoff Grossman & Schole LLP since its founding in 1992, is a corporate and securities attorney with a focus on business transactions and corporate financings. The Firm, which consists of nearly 80 lawyers, has established itself as a leader in various capital market initiatives, such as, Crowdfunding, SPACs, PIPEs and Registered Direct offerings. He is also Chairman and Co-Founder of iDisclose, an online application for entrepreneurs and small businesses. iDisclose may be deemed to be an ancillary business of the law firm, which indirectly through an investment holding company, has an ownership interest in the business opportunity.
During his career, he has represented numerous entreprenuers, broker-dealers, investor groups and many corporations involved in the capital formation process. In the last few years alone, he has been involved at various stages in numerous registered public offerings, including 100 financings and, with other members of his firm, over 500 private placements into public companies (see PIPEs and Venture Capital), representing either the issuers of those securities or the registered broker-dealers acting as placement agent. Along with other members of his Firm, Mr. Ellenoff has been involved at various stages with 125 registered blind pool offerings (commonly referred to as "SPACs") and 25 sizable SPACquisitions (the M&A component). With respect to Crowdfunding, he is actively engaged with clients (funding portals, broker-dealers, technology solution providers, software developers, investors and entrepreneurs)-- he has been to both the SEC and FINRA numerous times to discuss the proposed rules. He also provides counsel with regard to their respective ongoing (SEC, AMEX and NASD) regulatory compliance. Mr. Ellenoff has represented public companies in connection with their initial public offerings, secondary public offerings and regulatory compliance."
https://www.linkedin.com/in/douglas-ellenoff-588b682/
What will NextPlat do after it spins off Telesat/Satcom? Ellenoff will be the one introducing new partnerships and other opportunities to NextPlat. "12 or more potential Business Transactions per year". See his 3-year employment agreement filed on August 24, 2021:
"(B) Options to purchase 750,000 Shares shall vest at the rate of 250,000 per year on each of the first three anniversaries of the Effective Date if the following vesting conditions were satisfied during the prior year: Mr. Ellenoff shall have introduced the Corporation to twelve (12) or more potential Business Transactions (defined below) intended to expand the business of the Corporation during the preceding year, one of which the Chief Executive Officer (“CEO”) determined was sufficiently of interest to the Corporation to cause an in person or virtual meeting with the relevant parties. Potential Business Transactions could consist of US-based or international license, distribution, joint venture, partnership, acquisition, merger, asset purchase, or capital stock exchange, opportunities."
https://www.sec.gov/Archives/edgar/data/1058307/000149315222002407/ex10-1.htm
What will NextPlat do after it spins off Telesat/Satcom? Ellenoff will be the one introducing new partnerships and other opportunities to NextPlat. "12 or more potential Business Transactions per year". See his 3-year employment agreement filed on August 24, 2021:
"(B) Options to purchase 750,000 Shares shall vest at the rate of 250,000 per year on each of the first three anniversaries of the Effective Date if the following vesting conditions were satisfied during the prior year: Mr. Ellenoff shall have introduced the Corporation to twelve (12) or more potential Business Transactions (defined below) intended to expand the business of the Corporation during the preceding year, one of which the Chief Executive Officer (“CEO”) determined was sufficiently of interest to the Corporation to cause an in person or virtual meeting with the relevant parties. Potential Business Transactions could consist of US-based or international license, distribution, joint venture, partnership, acquisition, merger, asset purchase, or capital stock exchange, opportunities."
https://www.sec.gov/Archives/edgar/data/1058307/000149315222002407/ex10-1.htm
What is a Spin-Off?
A spin-off refers to the formation of an independent entity, in which shares of the subsidiary are distributed among the shareholders of the parent company. The existing shareholders receive shares in proportion to their original ownership percentage in the company, i.e. on a pro rata basis, and in the form of a non-cash special dividend. Therefore, the number of shares received by an existing shareholder is directly a function of the number of shares the shareholder held in the parent company.
https://www.wallstreetprep.com/knowledge/spin-off/
Currently, NextPlat's revenue is 100% from Global Telesat and Orbital Satcom. What can happen to NXPL stock price after spinoff? Will it go to zero? LOL, it's very obvious that NextPlat will acquire another major business (such as Progressive Care) so the stock price of NXPL will remain stable or even go higher because of much higher revenue from RXMD. At the same time, all those $8M investment from NextPlat (potentially up to $11M in order to reach 50% control) and $6M from Phillip Frost will all go into the expansion of the newly created healthcare biz centered around Progressive. The higher the stock price of RXMD, the better it will be for the new owners and for all of us after spinoff as NextPlat indicated in its most recent PR.
https://ir.nextplat.com/news-events/press-releases/detail/103/nextplat-strengthens-ties-to-progressive-care-inc
Fernandez, Ellenoff, Barreto and Frost have been planning on the whole scheme for almost two years since they gradually took over Global Telesat and Orbital Satcom in late 2021. Their intention has always been using the company as a Nasdaq shell to turn it into a Digital Healthcare leader. RXMD is just the FIRST step of many big moves to come. The transformation is beyond the scope of being just a pharmacy biz, this needs some major M/A in healthcare. Now we are at the doorstep to see this change. The stock price is at the bottom if you take a look at the whole history of the chart. $4.50? What a joke. $20 is the most conservative minimum in the next few months.
What will NextPlat do after it spins off satellite biz? Huge opportunities waiting for RXMD once NextPlat is ready to take it in with…… (confidential)
There is nothing between $4.50 and 5.50 on the ASK. Another 1000 shares will go up to 6.50. Lol
Actually, I don't have to say this. All of us know news are coming.
It will be great. News coming.
If you read NextPlat’s 90-day agreement with Alibaba, they absolutely clearly said no one is allowed to disclose any partnership news unless approved by both parties. The 90-day period ends on July 20.
It was a dollar and 50 that day. lmao