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Go RXMD!
#1 Penny Stock imo
It’s just usual penny stock nonsense. Investors here jump ship when they get bored having to wait a month or more for a PR, then dump on the stock for being “illusive” and being a part of a “grand conspiracy”.
RXMD is extremely undervalued, especially considering it’s current income/expenses ration and asset/liability ratio.
Of course, the stock market is more people LITERALLY gambling and less reflective of current valuations.
Engh. Why have management that pumps and dumps. I’d prefer quiet and healthy growth personally.
Attempting To Get RXMD Onto The Nasdaq
Underwriter Likely For RXMDW
Reverse Stock Split
Anything else I’m missing from the S-1? Imo that’s a big todo list for one document.
$RXMD - Underwriters - S_1 - Pushing To Up-List To Nasdaq - Penny Stock Long Time Favorite
RXMD recently released an s-1 filing showing it’s in talks with underwriters in hopes to FINALLY up-list to major market.
Has investor sentiment generally supporting the move.
OTCMarkets RXMD S-1 Filing:
https://www.otcmarkets.com/filing/html?id=15275779&guid=NYrwkpJOCvFFS8h#EA146334-S1_PROGRESSIVE_HTM_V1_001
RXMD IHUB Board:
https://investorshub.advfn.com/Progressive-Care-Inc-RXMD-19843/
Disclosure: I am an investor in the stock. Please do your own DD before purchasing.
Thank You
$RXMD - Underwriters - S_1 - Pushing To Up-List To Nasdaq - Penny Stock Long Time Favorite
RXMD recently released an s-1 filing showing it’s in talks with underwriters in hopes to FINALLY up-list to major market.
Has investor sentiment generally supporting the move.
OTCMarkets RXMD S-1 Filing:
https://www.otcmarkets.com/filing/html?id=15275779&guid=NYrwkpJOCvFFS8h#EA146334-S1_PROGRESSIVE_HTM_V1_001
RXMD IHUB Board:
https://investorshub.advfn.com/Progressive-Care-Inc-RXMD-19843/
Disclosure: I am an investor in the stock. Please do your own DD before purchasing.
Thank You
We intend to direct the net proceeds of the offering as follows:
Name of Item Percentage of
Offering $
Working Capital 37.5 %
Software Development 25 %
Sales and Marketing 25 %
Debt 12.5 %
S-1 Page 33
Good Stuff. Glad they’d be smashing their debt a decent amount!
I see that RXMD plans to use the capital raised to grow other parts of their business. While that’s extremely common in business, i can’t help but to suggest they pay off their liabilities first and for most as end interest payments and make it easier for quarter over quarter financial growth.
My two cents.
We expect to receive net proceeds from this offering of approximately $ (assuming a public offering price of $ per share, set forth on the cover page of this prospectus), or approximately $ if the underwriters exercise in full their over-allotment option to purchase up to additional shares of our common stock and/or additional warrants to purchase common stock, after deducting the underwriting discounts and commissions and estimated offering expenses of approximately $ payable by us.
Page 8. S-1
I struggle to see how this isn’t an IPO of sorts.
The underwriting agreement can take a number of different shapes. The most common type of underwriting agreement is a firm commitment in which the underwriter agrees to assume the risk of buying the entire inventory of stock issued in the IPO and sell to the public at the IPO price.
Investopedia
https://www.investopedia.com/ask/answers/041415/what-does-underwriter-do-new-stock-offering.asp
Used For Clarification Of Page 8
s-1
Exchange of Series A Preferred Stock
We have negotiated an exchange agreement with the Yelena Braslavskaya 2020 Gift Trust, the holder of all of our outstanding shares of Series A Preferred Stock, to exchange all of the shares of Series A Preferred Stock into shares of our common stock. We expect to enter into an exchange agreement and complete the exchange simultaneously with the closing of this offering.
Page 6 S-1
https://www.otcmarkets.com/filing/html?id=15275779&guid=NYrwkpJOCvFFS8h#EA146334-S1_PROGRESSIVE_HTM_V1_001
Waiting for that golden cross. There’s a metric ton of investors here on IHUB that’ll buy when a gold cross is form.
The ask and bid are noticeably tighter then usual. Heavy hand trying to keep the pos down, and the bid creeping up higher and higher.
I messed up my time scale pretty bad when I wrote that post. I got in very early and made a profit that’d make most macro market investors wishful. There are super longs here that have bought in an extremely long time ago and a very low pps and are still holding strong.
The last position I held way back when that I remember was 0.007 to 0.05-0.06 region. I remember multiplying my starting capital nicely well before then though.
Felt oof having to pay a new car worth of money in taxes haha.
The thing back in the day that got us to leap forward back then was news that the company became operating profitable. Eventually I sold at what I felt was a high (duh), and the company seem to lose its operating profitable status as they focused on side endeavors.
Now that management’s been switched up, and we’re verging on becoming operating profitable again, that’s why I’m here.
——
Look at my original posts and you’ll find my methodology here is slow and steady company growth instead of the company releasing bombastic news articles like some stocks in penny land do to pump the stock.
Let the company grow organically and it’ll lead to a healthy growth to our investment. Unless you’re a flipper, then of course you’re looking for beer money haha.
RXMD seems to be in the top 10 for most categories today.
RXMD #7 Breakout Board ATM. Congrats
If you want some penny stocks with real losses (no revenue), I can direct you to a metric ton.
RXMD has been operating profitable in the past and sounds like it will be super soon again.
Is it a surprise RXMD is considered one of the best penny stocks on the OTC?
What do you think is the current play with the current share controlling owners?
You’re a boss ty!
Where’s the link and stuff for that? Sorry again and thanks for your help!
Checking in again, what makes you think it’s a reverse merger? Trying still to absorb the sec filings and such. Maybe I missed some news?
You wanna source the “dilution”?
Thanks for the response. Awesome Info and sourcing!
Can someone catch me up? I’m hearing rumors about dilution, reverse stock split, creating a new separate ticket alongside the current one, and attempts to get on the Nasdaq.
My guess is if they get the RXMD”W” Ticker, would it be like an IPO of x amount of shares.
Sorry, tried making sense of the S-1.
Quiet because they’re letting the company grow naturally, instead of constantly pumping investors like other OTC stocks.
If they become comfortable operating profitable again, ugh, duh it’s go way higher?
I agree, let the revenue grow organically instead ;)
That’s definitely not true. To my knowledge, it can cost a lot to make a PR, and such frivolous expenditures are stupid if they have nothing worthwhile to say.
The company shouldn’t have to babysit this board.
If aRmEnS hiding causes the stock to go from 0.002-0.004 to 0.05 - 0.20, tell ArMeN to keep hiding!
I’d prefer quiet and organic growth over forced and costly growth. If they can cut some extra frivolous expenditures, we’ll be even more well placed here.
Debt Free And Comfortably Operating Profitable!
With every good bit of news, the bottom most support level goes up just that bit more. Not saying impossible, but unlikely.
Unless a MM decides to start playing games and breaking support levels, I see no reason to drop below the current support level.
Good Luck
If they become massively operating profitable, and they allow for organic growth instead of forced invested growth, then we’ll be looking at an awesome long position.
Big Time Operating Profitable Means $$$ For Us!
Might be getting back into RXMD soon. What’s the next milestone now? I know back in the day, it was talks about them getting bought out by a bigger chain.
I saw they decided against the reverse share split too recently (imo probably a good thing). I’d rather they grow organically, instead of focusing on investment capital.
Also, since three years ago, have they added any new locations? Also, how has the pandemic affected them.
I’m plan on doing my own DD when I can, yet would love to hear the current discussions. Just waiting for the money to clear.
RXMD became operating profitable again and you didn’t tell me!!!
A Pump and Dump making so much in revenue would be very unique. Are they sending out mail to random peoples mail boxes? Are they spam calling people from phone books (or online repositories)? Are they spending most of their money on marketing without any products to show? Have the falsified any press releases?
To my understanding, no. Honestly, just sounds like a bunch of angry investors who are salty because they got pinched from buying at a high. Nothing but toxic bag holders that instead of doing the logical thing and holding the shares for the long game and supporting the company, instead try to paint the company in an irrationally bad light.
Don’t waste your time. If you can’t handle owning your failure, then sell and maybe consider your future and investors/traders. Otherwise, zip it.
I used to write articles for seeking alpha. They were EXTREMELY against writing articles for penny stocks. I remember getting articles declined because they wanted content for stocks above the $2 threshold, then was asked to write articles for “real companies” like Amazon and Google.
Do what you gotta do kid!
Who’s the genius that bought 1 share at 11:44. I see we have the brightest trading here! /s
“Incoming Market Makers Signaling Intentions” - Haha No.