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These news need to be timed with the acquisition of RXMD and spinoff of Orbisat. All news need to be coordinated to maximise the impact on the stock price of the newly combined company.
Yes, I think so too. One thing that was very obvious is none of Progressive Care’s current employees (Armen, Cecile, Carlos, Pamela, Birute etc.) posted anything about the fantastic record Q2 news on LinkedIn. This is indeed very odd considering both of their 340B and prescription revenues broke the historic records. In the past few years, these several executives always reposted the 10Q news immediately after they were released. This is indeed quite interesting.
“NextPlat Corp. (NASDAQ: NXPL) (NASDAQ: NXPLW) are setting the pace with regard to revolutionizing how sellers and consumers benefit from the reach that e-commerce can give businesses engaged in various industries, such as healthcare.”
https://www.biomedwire.com/five-ways-to-prep-your-ecommerce-site-for-success/
“NextPlat Corp. (NASDAQ: NXPL) (NASDAQ: NXPLW) are setting the pace with regard to revolutionizing how sellers and consumers benefit from the reach that e-commerce can give businesses engaged in various industries, such as healthcare.”
https://www.biomedwire.com/five-ways-to-prep-your-ecommerce-site-for-success/
Everything has to be coordinated and prearranged before the real move.
Dawson James Securities Announces October Date for 8th Annual Small Cap Growth Conference
September 21, 2023
Dawson James is one of the biggest investors of Progressive Care and NextPlat. NextPlat will present at the conference.
https://www.globenewswire.com/news-release/2023/09/21/2747379/0/en/Dawson-James-Securities-Announces-October-Date-for-8th-Annual-Small-Cap-Growth-Conference.html
JUPITER, Fla., Sept. 21, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- Dawson James Securities, Inc. (“Dawson”), a full-service investment bank focused on emerging growth companies, today announces its 8th Annual Dawson James Small Cap Growth Conference on October 12, 2023, at the Wyndham Grand Hotel in Jupiter, FL.
Dawson James’ flagship Small Cap Growth Conference brings together senior leadership from over 30 of the most innovative companies at the forefront of healthcare, technology and consumer sectors. Now in its eighth year, attendees will include top institutional funds, prestigious family offices and high-net-worth investors.
The full-day event kicks off at 7:30am with registration and breakfast, followed by engaging corporate presentations from each company’s management team across two tracks starting at 8:00am. This proven format enables investors to learn about specific business models and opportunities while identifying potential synergies. Throughout the day, attendees of the Conference can schedule one-on-one meetings with presenting company executives. These one-on-one conversations consistently pave the way for long-lasting, fruitful partnerships.
Dawson James’ Conference offers a rare chance to overcome challenging headwinds by connecting corporate leaders with difficult-to-access growth capital and broader markets. It spotlights under-the-radar opportunities overlooked by traditional financiers, with an emphasis on high-demand healthcare, tech innovation and consumer solutions.
The conference concludes at 5:00 pm with a Closing Networking Reception, where attendees can expand business contacts in a relaxed atmosphere. With a diverse group of participants, this year’s conference promises to unlock new wealth creation avenues for investors and companies alike.
All are welcome to register for the 8th Annual Dawson James Small Cap Growth Conference to be held on Thursday, the 12th of October.
Please visit https://DawsonJames.com for details and registration information.
Participating Companies as of 09/19/2023
Company Ticker URL
Aditxt, Inc. NASDAQ: ADTX https://www.aditxt.com/
Annovis Bio Inc. NYSE: ANVS https://www.annovisbio.com/
bioAffinity Technologies, Inc. NASDAQ: BIAF https://bioaffinitytech.com/
Bitfarms NASDAQ: BITF https://bitfarms.com/
Borqs Technologies, Inc. NASDAQ: BRQS https://www.borqs.com/
Citius Pharmaceuticals, Inc. NASDAQ: CTXR https://www.citiuspharma.com/
Clearmind Medicine Inc. NASDAQ: CMND https://www.clearmindmedicine.com/
Cyclo Therapeutics NASDAQ: CYTH https://cyclotherapeutics.com/
CytoSorbents Corporation NASDAQ: CTSO https://cytosorbents.com/
GeoVax Labs, Inc. NASDAQ: GOVX https://www.geovax.com/
HealthBeacon OTCQX: HBCNF https://healthbeacon.com/
Heartbeam, Inc. NASDAQ: BEAT https://www.heartbeam.com/
Hillstream BioPharma, Inc. NASDAQ: HILS https://hillstreambio.com/
Innovative Eyewear Inc NASDAQ: LUCY https://lucyd.co/
Inuvo Inc. NYSE: INUV https://inuvo.com/
JanOne, Inc. NASDAQ:JAN https://janone.com/
Janover Inc. NASDAQ: JNVR https://janover.co/
Kintara Therapeutics, Inc. NASDAQ: KTRA https://www.kintara.com/
Matinas Biopharma Holdings, Inc. NYSE AMERICAN: MTNB https://www.matinasbiopharma.com/
NextPlat Corp. NASDAQ: NXPL https://www.nextplat.com/
NovaBay Pharmaceuticals, Inc. NYSE AMERICAN: NBY https://novabay.com/
Neuro Rx Pharmaceuticals NASDAQ: NRXP https://www.nrxpharma.com/
Red Cat Holdings, Inc. NASDAQ: RCAT https://redcat.red/
SeaStar Medical Holding Corporation NASDAQ: ICU https://seastarmedical.com/
SKYX Platforms Corp.
NASDAQ: SKYX
https://skyplug.com/
Sonoma Pharmaceuticals, Inc. NASDAQ: SNOA https://sonomapharma.com/
STRATA Skin Sciences, Inc. NASDAQ: SSKN https://www.strataskinsciences.com/
Windtree Therapeutics, Inc. NASDAQ: WINT
https://windtreetx.com/
Wisa Technologies NASDAQ: WISA
https://www.wisatechnologies.com/
ZIVO Bioscience, Inc. NASDAQ: ZIVO https://www.zivobioscience.com/
Zomedica Corp. NYSE AMERICAN:ZOM https://zomedica.com/
Dawson James Securities Announces October Date for 8th Annual Small Cap Growth Conference
September 21, 2023
Dawson James is one of the biggest investors of Progressive Care and NextPlat. NextPlat will present at the conference.
JUPITER, Fla., Sept. 21, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- Dawson James Securities, Inc. (“Dawson”), a full-service investment bank focused on emerging growth companies, today announces its 8th Annual Dawson James Small Cap Growth Conference on October 12, 2023, at the Wyndham Grand Hotel in Jupiter, FL.
Dawson James’ flagship Small Cap Growth Conference brings together senior leadership from over 30 of the most innovative companies at the forefront of healthcare, technology and consumer sectors. Now in its eighth year, attendees will include top institutional funds, prestigious family offices and high-net-worth investors.
The full-day event kicks off at 7:30am with registration and breakfast, followed by engaging corporate presentations from each company’s management team across two tracks starting at 8:00am. This proven format enables investors to learn about specific business models and opportunities while identifying potential synergies. Throughout the day, attendees of the Conference can schedule one-on-one meetings with presenting company executives. These one-on-one conversations consistently pave the way for long-lasting, fruitful partnerships.
Dawson James’ Conference offers a rare chance to overcome challenging headwinds by connecting corporate leaders with difficult-to-access growth capital and broader markets. It spotlights under-the-radar opportunities overlooked by traditional financiers, with an emphasis on high-demand healthcare, tech innovation and consumer solutions.
The conference concludes at 5:00 pm with a Closing Networking Reception, where attendees can expand business contacts in a relaxed atmosphere. With a diverse group of participants, this year’s conference promises to unlock new wealth creation avenues for investors and companies alike.
All are welcome to register for the 8th Annual Dawson James Small Cap Growth Conference to be held on Thursday, the 12th of October.
Please visit https://DawsonJames.com for details and registration information.
Participating Companies as of 09/19/2023
Company Ticker URL
Aditxt, Inc. NASDAQ: ADTX https://www.aditxt.com/
Annovis Bio Inc. NYSE: ANVS https://www.annovisbio.com/
bioAffinity Technologies, Inc. NASDAQ: BIAF https://bioaffinitytech.com/
Bitfarms NASDAQ: BITF https://bitfarms.com/
Borqs Technologies, Inc. NASDAQ: BRQS https://www.borqs.com/
Citius Pharmaceuticals, Inc. NASDAQ: CTXR https://www.citiuspharma.com/
Clearmind Medicine Inc. NASDAQ: CMND https://www.clearmindmedicine.com/
Cyclo Therapeutics NASDAQ: CYTH https://cyclotherapeutics.com/
CytoSorbents Corporation NASDAQ: CTSO https://cytosorbents.com/
GeoVax Labs, Inc. NASDAQ: GOVX https://www.geovax.com/
HealthBeacon OTCQX: HBCNF https://healthbeacon.com/
Heartbeam, Inc. NASDAQ: BEAT https://www.heartbeam.com/
Hillstream BioPharma, Inc. NASDAQ: HILS https://hillstreambio.com/
Innovative Eyewear Inc NASDAQ: LUCY https://lucyd.co/
Inuvo Inc. NYSE: INUV https://inuvo.com/
JanOne, Inc. NASDAQ:JAN https://janone.com/
Janover Inc. NASDAQ: JNVR https://janover.co/
Kintara Therapeutics, Inc. NASDAQ: KTRA https://www.kintara.com/
Matinas Biopharma Holdings, Inc. NYSE AMERICAN: MTNB https://www.matinasbiopharma.com/
NextPlat Corp. NASDAQ: NXPL https://www.nextplat.com/
NovaBay Pharmaceuticals, Inc. NYSE AMERICAN: NBY https://novabay.com/
Neuro Rx Pharmaceuticals NASDAQ: NRXP https://www.nrxpharma.com/
Red Cat Holdings, Inc. NASDAQ: RCAT https://redcat.red/
SeaStar Medical Holding Corporation NASDAQ: ICU https://seastarmedical.com/
SKYX Platforms Corp.
NASDAQ: SKYX
https://skyplug.com/
Sonoma Pharmaceuticals, Inc. NASDAQ: SNOA https://sonomapharma.com/
STRATA Skin Sciences, Inc. NASDAQ: SSKN https://www.strataskinsciences.com/
Windtree Therapeutics, Inc. NASDAQ: WINT
https://windtreetx.com/
Wisa Technologies NASDAQ: WISA
https://www.wisatechnologies.com/
ZIVO Bioscience, Inc. NASDAQ: ZIVO https://www.zivobioscience.com/
Zomedica Corp. NYSE AMERICAN:ZOM https://zomedica.com/
"Working on a system that will serve, and connects automatically medical providers, patients, pharmacies, and drugs manufacturers nationwide by integrating data into one platform" - Head of Digital Transformation at Progressive Care Inc, Bassam Alsyed
https://www.linkedin.com/in/bassamalsyed/
"Today, our mission has grown to include improving the healthcare system, as a whole, by providing a complete and accountable cycle of care. We strive to successfully connect patients and caregivers with the health care providers and payors to achieve the absolute best health outcomes for each and every individual. " - PharmocoRX
https://www.facebook.com/events/306209788661277?ref=newsfeed
"We strive to successfully connect patients and caregivers with the health care providers and payors to achieve the absolute best health outcomes for each and every individual". This is what NextPlat is doing to transform Progressive Care.
Charles M. Fernandez, CEO and Chairman of NextPlat, said, “Together, we will continue to reinforce our dedication to patients, providers, and technologies that will deliver improved customer service, cost savings and enhanced outcomes for patients nationwide. I would like to thank both teams for their efforts in getting us to successful completion of the transaction and looking forward to working together towards the stellar growth ahead.”
https://www.globenewswire.com/en/news-release/2022/09/06/2510323/0/en/Progressive-Care-Announces-Completion-of-Strategic-Transaction-With-NextPlat.html
How Healthcare Providers, Payers Are Connecting Patients to Care
https://mhealthintelligence.com/features/how-healthcare-providers-payers-are-connecting-patients-to-care
Improving Healthcare Data Sharing Between Providers and Payers
https://www.symplr.com/blog/healthcare-data-sharing-between-providers-payers
FALA's introduction of PharmcoRX for the meeting: "PharmCoRX Pharmacy has worked to uphold the philosophy that our singular goal is to improve and preserve the well-being of our patients, their families, and the community. Today, our mission has grown to include improving the healthcare system, as a whole, by providing a complete and accountable cycle of care. We strive to successfully connect patients and caregivers with the health care providers and payors to achieve the absolute best health outcomes for each and every individual. PharmcoRx provides long-term care Personalized pharmacy solutions for assisted living facilities, senior living facilities, or PACE communities. Explore perks like on-demand pharmacist consulting and free same-day medication delivery."
https://www.facebook.com/events/306209788661277?ref=newsfeed
Pharmco’s biggest revenue source is from long term care and senior living facilities, which has been growing year over year at a faster pace each year. Being chosen as a speaker for this meeting at FALA shows the influence Progressive Care has in the communities.
So Armen is still doing the marketing and maintaining customer relations for Progressive Care. As the founder and one of the biggest shareholders of the company, he seems still very actively involved in the business development for PharmcoRx.
Armen will be the speaker at FALA's Broward Chapter Meeting on Thursday, 9.21.2023. The Florida Assisted Living Association (FALA) is the oldest assisted living association in the state. Today, FALA is the largest state association representing more than 500 assisted living facilities and adult family care homes and nearly 250 associate members who provide products and services to assisted living.
https://www.linkedin.com/events/7105324622392238080/about/
https://web.fala.org/events/FALAsBroward%20Chapter%20Meeting%20%2092123-2942/details
PharmcoRx Logo is on the Chapter meeting page.
The attendees include some major senior living centers and insurance companies.
This 340B presentation was presented to Dr. Stephen Renae of Infections Managed. See the first page.
https://www.canva.com/design/DAFm8tQfXeg/o_Qj_fzg-QOAA8FHadbyJg/view?utm_content=DAFm8tQfXeg&utm_campaign=designshare&utm_medium=link&utm_source=publishsharelink#1;
They definitely have made some interesting moves recently.
Everyone does shit. Look at the White House, Congress. SMH. We are not looking for angels like Elon Musk.
In other words, they know how to use the system. LOL
Doing business and be compliant with state laws surely can use someone like a county police chief that knows the people in charge.
NextPlat hired the former Miami-Dade County Police Chief Frank Vecin as their new Director of Security and Compliance in April 2023. He shows he is working on-site at three locations: Cocunut Grove (NextPlat's Headquarters), Hallandale (Progressive Care's Headquarters) and Orlando (Progressive Care's Orlando location).
Next on the to-do list: remove Orbisat numbers from the report and officially file Q3 10Q with about $1M net profit from the newly added Progressive Care.
Sometimes it’s better to not know the real truth.
"Ellenoff Grossman & Schole LLP is pleased to announce that we have been named a finalist for The 22nd Annual M&A Advisor Awards in two categories: Healthcare/Life Sciences Deal of the Year and Cross Border Deal of the Year. For nearly 25 years, The M&A Advisor has been honoring the leading M&A transactions, companies and dealmakers. EGS was chosen from hundreds of participating companies to become an awards finalist. Congrats to all of the finalists!"
9-8-2023
https://www.linkedin.com/posts/ellenoff-grossman-%26-schole-llp_egs-is-pleased-to-announce-that-we-have-been-activity-7105649713118416896-BZuK?utm_source=share&utm_medium=member_desktop
Ellenoff Grossman & Schole is the security counsel on Progressive Care's S-1. Douglas Ellenoff is the founder of the company and is the Vice Chairman and Chief Business Development Strategist of NextPlat.
Ellenoff Grossman & Schole is the finalist for The 22nd Annual M&A Advisor Awards in two categories: Healthcare/Life Sciences Deal of the Year and Cross Border Deal of the Year.
Average $10-20K daily volume does not mean much, but it can be good opportunities for retail investors to slowly accumulate with low volumes. Insiders do not necessarily have to buy on open market for various reasons.
Fernandez, Barreto, Dawson James etc. who have invested about $10M in RXMD will NOT sit on these “worthless” shares on OTC. Together with Frost and scores of others who have invested about $20M in NXPL will NOT agree to do so because NextPlat as a company also invested another $10M in “worthless” OTC stock RXMD. The ONLY logical explanation why these billionaires, top political leader, and investment banks put down so much money between NXPL and RXMD is because they will become one, the one that will trade on Nasdaq under a same company that will become the nation’s healthcare e-commerce leader as well as a pioneer in Web3 development for tangible and digital assets.
The biggest advantage for RXMD shareholders is the ticker will trade on Nasdaq directly through the exchange instead of going through an uplisting process on its own. The other advantage is the shareholders will now own a part of a new company that has many other tremendous business opportunities, such as e-commerce partnerships with domestic and global customers, NextPlat Digital Platform for both tangible and digital assets, strong financial support from the new management, and huge interest from the institutions.
The interesting part is the spin off of Orbisat will decrease NextPlat value while the acquisition of Progressive Care will increase its value. How to determine the share exchange ratio between NXPL and RXMD will depend on the timing of these two events. But a general idea is "After the old company shares have been delivered, the exchange ratio is used to give shareholders the same relative value in new shares of the merged entity."
https://www.investopedia.com/terms/e/exchangeratio.asp#:~:text=The%20exchange%20ratio%20is%20the,that%20has%20merged%20with%20another.
NextPlat's September presentation adds two new notes about Progressive Care:
Page 10: NextPlat to include Progressive Care’s results of operations and cash flows beginning July 1, 2023
Page 11: NextPlat increases strategic ownership of Progressive Care Inc. as it expands its exposure to the rapidly growing healthcare sector
https://ir.nextplat.com/company-information/presentations
After NextPlat spins off its current Orbisat biz, the company's remaining revenue/tangible value will mostly come from Progressive Care as it combines Progressive Care’s results of operations and cash flows beginning July 1, 2023. The obvious next step is a stock for stock merger/acquisition of the two companies.
What Is a Stock-for-Stock Merger?
A stock-for-stock merger occurs when shares of one company are traded for another during an acquisition. When, and if, the transaction is approved, shareholders can trade the shares of the target company for shares in the acquiring firm's company.
https://www.investopedia.com/ask/answers/06/stockforstockmergerdetails.asp
Page 5: "NextPlat is broadening its geographic reach and its product lines by acquiring, licensing, or partnering with existing brands for physical assets in high-growth sectors such as consumer heathcare and lifestyle products
Focused on the simultaneous development of NextPlat Digital, a comprehensive Web3 digital platform designed to support partners and brands, enabling them to tap into new revenue-generating opportunities and enhanced authentication"
The new Alibaba partnership for the company's Florida program will also add tremendous value to the post-spinoff company as it combines the business with Progressive Care.
NextPlat's September presentation adds two new notes about Progressive Care:
Page 10: NextPlat to include Progressive Care’s results of operations and cash flows beginning July 1, 2023
Page 11: NextPlat increases strategic ownership of Progressive Care Inc. as it expands its exposure to the rapidly growing healthcare sector
https://ir.nextplat.com/company-information/presentations
After NextPlat spins off its current Orbisat biz, the company's remaining revenue/tangible value will mostly come from Progressive Care as it combines Progressive Care’s results of operations and cash flows beginning July 1, 2023. The obvious next step is a stock for stock merger/acquisition of the two companies.
What Is a Stock-for-Stock Merger?
A stock-for-stock merger occurs when shares of one company are traded for another during an acquisition. When, and if, the transaction is approved, shareholders can trade the shares of the target company for shares in the acquiring firm's company.
https://www.investopedia.com/ask/answers/06/stockforstockmergerdetails.asp
Page 5: "NextPlat is broadening its geographic reach and its product lines by acquiring, licensing, or partnering with existing brands for physical assets in high-growth sectors such as consumer heathcare and lifestyle products
Focused on the simultaneous development of NextPlat Digital, a comprehensive Web3 digital platform designed to support partners and brands, enabling them to tap into new revenue-generating opportunities and enhanced authentication"
The new Alibaba partnership for the company's Florida program will also add tremendous value to the post-spinoff company as it combines the business with Progressive Care.
A guy like him does not invest $6M just to get some $10M back on the return at age 86.
Phillip Frost, at age 86, after all these huge successes in healthcare industry as mentioned in the previous post, invested $6M in NextPlat as the company is shifting towards a healthcare e-commerce company by taking over Progressive Care.
Phillip Frost, one of the nation’s leading philanthropists, a highly-respected physician, an internationally-lauded businessman in the medical and pharmaceutical fields, and the current CEO and chairman of OPKO Health in Miami was inducted into Florida Inventors Hall of Fame in 2017. He personally holds 10 patens.
He invested $6M in NextPlat in April, 2023.
https://floridainvents.org/phillip-frost/
https://www.sec.gov/Archives/edgar/data/898860/000110465923045693/tm2312930d2_sc13d.htm
On August 21, 2023, Florida Trend - Florida's Business Authority interviewed him.
Icon: Phillip Frost
Physician, health care entrepreneur, philanthropist, Miami; age 86
Mike Vogel | 8/21/2023
https://www.floridatrend.com/article/37643/icon-phillip-frost
Why did I major in French literature? I had never left the country, and the idea of learning a foreign language was appealing to me. And so, it was an opportunity to major in a subject that would at the same time permit me to take enough science courses so that if I had decided to go to medical school, I had that option.
I often say I could write a book about how chance meetings have been the story of my life — 95%.
I came to Florida to join the faculty at the medical school here at the University of Miami. I had an idea about a disposable (biopsy tool). I was able to sell the idea. And they gave me a little money, and I formed a company. And then by chance, I bumped into a friend of mine from Philadelphia at the airport. He was in charge of sales for a small company called Key Pharmaceuticals. By the time we got to New York, we decided to put my little company together with Key Pharmaceuticals. Shortly after, I left the university to form a new department of dermatology at Mount Sinai. I stayed for 20 years as the head of dermatology, until 1990. And we built Key. All through that period, I was still the head of dermatology at Mount Sinai. I was leading a dual life both in business and in medicine.
The way you do it is by having good people working alongside of you. And I was lucky enough to have that both in dermatology and in the pharmaceutical business.
Sitting next to me on a plane to Mexico was a young lady who started a conversation and said, ‘By the way, I have a few nice girlfriends that I think you would enjoy meeting.’ I called one of them. (She) turned out to be my wife. We’ve been married 60 years in June of this year.
I think that one of the problems we have in the city and in the country as a whole is that we’re falling behind in science and mathematics, vis-a-vis the rest of the world. My ambition for the time that I have left is to try to have some influence on that course of events. We just had a dedication a few months ago at the University of Miami (for the Frost Institute for Chemistry and Molecular Science, part of a $100-million donation from Frost and his wife, Patricia). It’s not only a building, but it’s an institute whose purpose is to attract a higher level of science to the community than we have now.
We’ve gotten far away from the intent of our founders with the size of the government. With the large government comes lots of regulations. They all want to show their stuff and make rules and regulations. And I think in the long run, and maybe even in the not so long run — in the short run — it’s going to work against us and make us less competitive in the world.
I always understood that whatever I have, others will have a lot more than I do. And I’m happy for them.
I like gardening. We pay a lot of attention to the garden at our house. Flowers, trees, fruit trees, orchids.
There have been some missed opportunities along the way. There’s a huge company in China. It has been divided into several $30-billion-a-year companies. And the founder came to me when he was starting and asked me to invest a little tiny bit of money, and I thought his valuation was a little too high. So, I passed. Major mistake.
I’ve always enjoyed work. In fact, I couldn’t understand people who were trying to look for the easy way out. I was always looking for what useful thing that I could do to spend more time with.
We’ve always from day one enjoyed Florida. Wouldn’t live anyplace else.
I think the state is doing pretty well, relatively. I’m more concerned about the country as a whole.
Mainly I like classical music, or old popular music from the ‘40s and ‘50s, ‘60s. Broadway show music. Gershwin was a genius. If he had lived longer, he would have been a match for even the old classical composers.
So, I was at a dinner party last night. And one of the people sitting at my table was an eminent physician, who was the head of one of the big cancer hospitals in the country. Now he’s down here, and he’s still working. He’s in his late 70s. And we both agreed, it’s not a good idea to stop.
I think that you have to always work and live as though you are going to live forever, even though we know we’re not.
I do not think anyone can "FOOL" Rodney Barreto into investing his own millions and millions of dollars in Progressive Care, the 2-cent penny stock before the RS. Ask anyone and see what they can get out of this, especially Armen. LOL
Rodney Barreto works with the Florida governor, Ron DeSantis, the Miami mayor, Florida senators, top state lobbyists, and top government officials in many different branches. He is the Chairman of Florida 100 Council, who makes policy recommendations and helps government make economic decisions on the state level.
Rodney Barreto is the VP of Progressive Care. He is the second biggest individual shareholder of Progressive Care and NextPlat. He has personally invested about $3M in Progressive Care and about $5M in NextPlat. He believes in the future of RXMD.
Project Sunrise - An economic competitiveness strategy for the State of Florida -
https://fc100.org/wp-content/uploads/2022/03/Project_Sunrise_-_An_Economic_Competitiveness_Strategy_for_the_State_of_Florida.pdf
"The preamble to this work was based on an established set of facts and beliefs by the Florida 100 Council as to why Project Sunrise was necessary: We believe we stand at the doorway of a critical juncture when it makes sense for the Council of 100 to step forward and reassume leadership of the business community’s efforts to influence economic development policy for Florida."
Healthcare is mentioned 48 times in this report. Rodney Barreto is the Chairman of Florida 100 Council.
FLORIDA'S ECONOMIC FUTURE, BY RODNEY BARRETO
https://florida-invest.com/en/actualite-immobilier-usa/futur-economique-floride-rodney-barreto/
Rodney Barreto, President and CEO of The Barreto Group, Inc., is a member of the Florida Council of 100, unveiled the ongoing areas of work between Council members and the State of Florida.
The Florida Council of 100 is a private, nonprofit organization, which exists to promote Florida's economic growth and improve the economic well-being and quality of life of its citizens. Representing more than 100 companies and more than half a million employees, Council members have demonstrated their involvement in many public policy issues.
The Council works closely with the Governor and state agencies, the Legislative Assembly, the judiciary, federal leaders and officials, and other private organizations to bring about positive change. They inform state leaders and decision makers on key topics relevant to Florida today and make recommendations to improve state policies and programs.
High-level leaders throughout the state assist the Council as active members.
Statement from Rodney Barreto:
“We may be located in the southernmost corner of the state, but there's no question that South Florida is at the center of the action that drives Florida's economy. However, we cannot rely mainly on population growth and tourism.
Together, Miami-Dade, Broward and Palm Beach counties are home to three in ten Floridians. Our population has jumped 10% over the past decade , but we've managed to create so many jobs that the region's unemployment rate is half or even better than when the recession ended.
However, tourism and population growth, which drive an important part of the local economy, depend in particular on a good economy and the seasons. Florida must expand its economic base once and for all.
The Florida Council of 100 has released Project Sunrise , a detailed economic analysis that shows where we are but, more importantly, presents a series of recommendations for how we can take the state to the next level. The report focuses on strategies designed to make Florida a national and global leader as a place where talent thrives best.
South Florida has a solid foundation to build on. WalletHub just named Miami the third-best big city in America to start a business , and said it has the highest number of start-ups per 100,000 people .
But the key will be to go towards a stronger development of the “exchangeable” sectors, that is to say the companies which sell goods or services which can easily be sent everywhere. This is especially important for a region that serves as the gateway to North America.
Other recommendations are:
Leverage the high concentration of leading hospitals, pharmaceutical companies, research centers and universities in the region to further develop research, development and innovation.
Stimulate export and financing activity to take advantage of South Florida's place among the most connected regions in the flow of international residents.
Florida is a world economic leader. But to stay that way, we will need to diversify our economy and train workers with the skills needed for future jobs. The Council of 100's Project Sunrise provides real work to lead the way to help the region secure a strong and vibrant economic future. »
Sources : Miami Herald, Florida can lay the foundation on which to build a prosperous economic future | Opinion
Rodney Barreto is the founding partner of Floridian Partners, LLC, a corporate and public affairs consulting firm recognized by policy makers as one of the top in its industry in Florida. "Our Florida lobbyists and consultants service clients across all major industries, have influence at all levels of Florida government, and can manage national issues through our multi-state advocacy network."
https://www.progressivecareus.com/board-of-directors
Rodney Barreto is deeply influential in healthcare business in south Florida. He sold Healthcare Data Solutions to Aprima Medical Software in 2017. There's some long story behind this. He co-founded the company in 2008 as a managing partner with Chad Novitski, former Allscripts Regional Vice President of Channel Sales. Rodney was brought on the board mostly due to his vast network, especially in Miami-Dade county. Because of him, Dade County Medical Association (DCMA) Endorses the EHR products provided by Healthcare Data Solutions.
"The DCMA and Healthcare Data Solutions have formed a partnership to provide physicians in Miami-Dade County, Florida with a simple, affordable, complete electronic health record solution and a free year’s membership to the DCMA.
With this partnership, HDS and the DCMA will be able to advise physicians on the best ways to improve practice efficiency through a full suite of products/solutions such as, electronic health records, practice management, workers’ compensation, malpractice insurance, patient referrals, etc. This partnership is expected to promote significant growth throughout Miami-Dade County."
This is also the reason Charles Fernandez brought him in to invest in Progressive Care and NextPlat. Rodney is a super heavy weight political figure in Florida that has connections to all kinds of healthcare administrations that are usually hard to get access to for outsiders.
Aprima Medical Software Acquires EHR Reseller Healthcare Data Solutions
https://www.prnewswire.com/news-releases/aprima-medical-software-acquires-ehr-reseller-healthcare-data-solutions-300392592.html
https://www.prlog.org/11425861-former-vp-of-channel-sales-at-allscripts-named-ceo-at-healthcare-data-solutions.html
https://www.prlog.org/11637087-dade-county-medical-association-endorses-allscripts-myway-ehr-provided-by-healthcare-data-solutions.html
https://pressroom.prlog.org/hdsmyway/
He invested when this thing was still 2 pennies on OTC
Now he is also the Chairman of FIFA World Cup Miami 2026. LOL, investing millions and millions in a penny stock?
https://cccfla.com/team/rodney-barreto/
As a political and business leader in Florida that has been working directly with state governors, city mayors and national business partners on projects such as organizing Super Bowls (3 times in Miami), Rodney Barreto is a well known political figure and respected business magnate in Florida. A person like him WILL NEVER INVEST IN A PENNY STOCK UNLESS... This is common sense. LMAO