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That makes sense. It's really interesting how Tarpoon stops selling and the stick goes in full up swing regardless of any pr's. RXMD is becoming an even more "strong buy" then it was last week.
I've this keeps up, we'll be in penny land really soon.
Could the debt be gone?
Is it possible that RXMD used their profits from the last quarter to pay off the last of the debt. That's what Tarpoon isn't buying anymore. My question is more, is it POSSIBLE?
After doing an overlook at the info given the last report regarding their revenue, I'd say RXMD has made a profit of $200,000 in profits this month if the expenses from last month hold. Hopefully, they were able to decrease their expenses though but 200k in spending money is good.
Quarter 3 Earnings Report or remaining debt news article likely being released tomorrow.
Get psyched!!!
RXMD!!!
RXMD Expansion and Share Price
While debt is something that RXMD is still paying off, we're nearing the point when that debt will be eliminated. The only thing that people are really asking right now is when. Whether the debt will be paid off next month or after Christmas is a big question mark to a lot of people on the board. While this might be a source of question for some, the debt is going to get paid sooner or later. Instead we should be asking questions about what RXMD will do after the debt is gone!
Don't get me wrong. I do think expansion is a great thing for the company. It'd be pretty awesome if they came out with a press release saying that they're moving into other areas of the United States. While this would be a huge plus to some right now, it makes me wonder. Let’s say they were trying to open up a new building. While this location will take a while to start actually making similar revenue, it'll increase overall expenses and not have enough income to cover. While this might now actually happen, I feel it’s a fair concern. The obvious thing that RXMD could do to counter this would simply be to save up money, and when they have enough, go for it.
An awesome next move would be for a commercial pharmacy to want to sell RXMD's products around the states (or wherever that business is located). That's like expanding without having to open any new locations. While they might have to open up location to keep up with a possible demand backlog, the moneys there for RXMD to take and they would make bank! Also, I know there's been speculation that RXMD is already in talks with similar deals!
This is an exciting time for the company like the CEO is sure to let us know with ever statement she releases. With this month’s quarterly earnings report due, we'll truly get to see just how well RXMD has done these past few months. From here, we can gauge some of the things that RXMD might do to better itself. Even so, I ask that the next moves be well thought out and well prepared.
This is where my advice to buy back shares come in. Here me out here...
RXMD has already used its shares as a get out-of-jail (or more as a get-out-of debt) card. That's one of the pluses for a company to have stock. They can use it to raise money. Even so, a lot of things have perspired. Pharmco has control over majority thanks to a share takeover. While I think Pharmco was the best thing to ever happen to RXMD, the fact is, there are a lot of shares still afloat. That should be obvious by now. While some people think that this is a plus because it brings in a lot of investors who look to buy cheap, these are investors and not the business.
From a business perspective, it only makes sense to buy back shares while they're cheap. With RXMD would "artificially" be buying up shares in the company, yes, the stock price would rise. It would happen because the ask would be pushed higher with less shares out of the pool making one share of RXMD more valuable. Also, I shouldn't have to remind you that there is a finite amount of shares of RXMD with a huge portion already floating around. There may and or may not be that many shares for the company itself. Remember, Pharmco acquired RXMD via buying shares. Wouldn't it be wise for the company to stock back up on those shares?
I mean, let’s say they bought $50,000 dollars’ worth while it’s around ( RXMD ) 0.005~0.006. Also, let’s say that the stock manages to grow to about $0.50 per share (I feel that's a fair estimate). While the company could buy up an even larger amount, they could reuse those shares at a higher price to grow the business. Sure, buying back shares might be an artificial way to increase the stock price, but it could also give RXMD money when they'll need it again down the road. They could open up new locations; create a development lab, a way to distribute medications to the US without having to open up new locations, maybe even getting a better business website set up with e-commerce. A company selling stock could be used raise good money for the company. It could potentially speed up their expansion.
Also, (heaven forbid) they could use it as another get out-of-debt-free card if it ever comes down to it. As a business perspective, I personally thing buying back shares is a seriously wise thing to do.
Naturally though, they should only spend a percentage of their profits on a share buyback program. That way, much of their welcomed profits could be put to good use growing the business in a more "natural" manner. I think it'd be a win, win.
Also, because we're all investors here, we can gain buy this too (you long and shorts out there). Shorts would much rather buy in when the stock price is going up. They could buy at a speculative low (while it’s going up), and sell at the peak of that stock price growth. That would be a really $$$ way for shorts to make their money.
For those that claim they're longing the stock, you’re an investor and not a day trader. You’re happy when the business itself is doing well. If the share price is going up and the business is expanding and continuing to make more money, your making big money and so is the company that you hold so dear.
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Even with my "rant" about how RXMD should start a share buyback program, I think the investors here need to stop worrying so much about the debt. Unless something absolutely terrible happens, the debt isn't a problem. It’s going to get paid off. The company's making profit. Sure, the stock price might explode some when they release news that their profit is gone. Yahoo! Yet, the even bigger question that we should be asking is where RXMD will go from there.
Will they save up money to expand to other locations?
Will they renovate their current locations?
Will they go e-commerce?
Where might they find business deals?
Will they do a share buyback program?
Will they open up a research and development lab?
Will they get to the OTCBB board? (Which needs a share price of at least a penny to make it onto the board)
These are the questions that I feel we should be asking. Not arguing over when the debt will be paid off. If there's investors that are waiting until RXMD has their debt paid off, that's their choice (though I don't see the point in waiting).
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I agree that RXMD should continue to grow naturally. They could run into trouble if they grow too quickly nor lack growing at all. I just feel that a share buyback program would be a safe bet for us as investors, Pharmco as one of the biggest investors, and RXMD as a business.
Share buy back would really help move the ticker in a positive direction by countering the dilution here. I agree that the debts almost gone, but we won't see how much until the quarterly report comes out. Sure there's a lot of things that the company could do to help the ticker out, but a buyback would be the best, fastest, and generally more stable option. Also the company that owns RXMD would likely get their ticker higher considering the own a huge part of RXMD. If anyone's investment took ahigehit in the last year, it was them.
Either way, I really would like some degree of a stock buyback. Naturally, it doesn't have to be a lot ever day, week, etc.
I'm pretty certain there will be a news article for RXMD coming out this week. I'm pretty dang excited! I'm really curious to see what the earning will be like. Plus, I'd like to see how much debt was actually paid off.
I'm thinking its gonna be a pretty awesome week.
Heck, the news could come out tomorrow!
I agree with you. I admit that everything that the business is doing (their current business structure) is pretty stable. Every month, the news keeps getting better and better every month. The companies making more and more money. The debt is almost gone and the expenses are going down. This is awesome!
My ideas of calling it a hype stock come from my days of a flipper (short). When ever good news came out, the stock would double, triple, 4x, 8x, ect. just from the news release. Also, I knew that two days after the hype from the article, the stock price would fall back to its original levels. I made a lot of money off that.
Thing is though, I feel 0.005 is a strong bottom. Also, with the debt almost being gone and the deals that will be making profits this month, I don't want to let my shares go at all. This is my opportunity to long.
No, a true hype stock would be IFAN. Insanely in debt, no profit for 3 years... UGH... Now that's a pump and dump in the making........
I do think the stock price will grow after the debt is paid off.
That simply looks good.
Yes, this is a great time to buy stock! I'm not saying not to buy stock. I'm saying load up as much as you can.
Yet I see our big pop only going up to a max of about .10 cents.
If RXMD was to buy atleast some shares back, I think we could see a spike up between 0.50 - $2. Ofcourse this is conjecture, but I'd rather see a huge jump in stock price then this small one we're going onto.
I always say this stock is a hype stock. Lets make the hype as hot as it can be!!!
How would the share structure do anything for us?
I mean, with that amount of outstanding shares, Progressive should do it from a business perspective. Remember back during January earlier this year (and yes, December of 2014). The biggest reason why the stock price got that high was because Progressive was acquiring RXMD at the time. I'm sure they brought plenty of shares greater then 0.20+ cents a piece. To them, its a bargain.
To my understanding Progressive has the most shares, power in the company. They could have RXMD use their profits to help get some shares back.
I'm just saying that because all of the investors here would benefit from that happening. Not because of the stock price going up so quickly, but because theres no reason for it to go back down to its current levels.
Sounds nice to long :/
RXMD's doing great as a business. In pretty much every way, they're making a profit with an increasing margin!
The only thing that RXMD really needs to address is their dilution.
This should be an easy fix though. Maybe they could take like 10% of their profits and buy some of their shares back. If they did that, we'd be back at about .50 to $2+ in no time.
Heck, depending on how much they reinvested, those numbers could hit before Christmas!
This dilution is what's holding the stock price down.
If RXMD started buying back some of the shares it sold, our share prices will grow for sure.
The 0.00x where x is some number, is normally reserved for failing businesses, businesses with no revenue, or businesses that'll be bankrupt soon enough. This dilution creates a great buying opportunity, but only if they buy shares back.
Welp, we did come back down to the 0.005 ticker.
Can I get a "I told you so" to all the people that were giving me garbage a couple months ago. With the dilution, it just couldn't be helped. My days of being a short though are done.
All of the money that I have free, I have in a long position at 0.006 with about a million shares. (I'm not rich, sorry)
With the October news article, the increasing income, the decreasing debt, the decreasing expenses, and the possibility of a new location...
This is exciting.
Within the next few months, its truly now or never (and I'm voting NOW!)
Thanks for the info! I was curious as to the validity of this information so I just did some poking around and it looks pretty good. I mean, it won't be 100% until Progressive releases more info on it.
For those that haven't seen,
Progressive care inc.
1621 W 3rd St Elk City, Oklahoma 73644-5113 United States
Here's some links...
http://yellow-pages.me/OK/progressive-care-inc-51432.html
http://www.siclists.com/oklahoma/elk-city/Progressive-Care-Inc_1LXx0.html
https://www.linkedin.com/company/progressive-care-inc
There's evidence that a new location and expansion is on the way.
I'm sure as hell for it if they do! (all though, I'd like to see progressive take, I don't know, $250,000 a month and buy some shares back or off (If possible).
Down, Down RXMD goes. How low will it go? Nobody know!!!
Hahaha 0.003 here we come!
Why would I waste my time making two accounts here?
EBW. Nah, I enjoy flipping this stock. If you can't handle it, go suck a d#%^
I agree with Dolphy that this is a good company. But sometimes stocks bite the bullet even though the companies doing good. Inflation, deflation, market fear, dilution, and money management (ETF/mutual funds) going nose up. Because of the strong dollar, the huge dilution, the possibility of money managers somewhere, and some seriously worrying economic growth (I do think the market(s) are going to get much worse before they get better.) Just because a losing stock found some footing and is only now turning a profit doesn't mea. The stocks going to skyrocket. Ohhhh no ;/
The DD is sketchy.
Dilution is to high.
Global markets (including our own) are crippling
There's a downward trend (over a weeks time)
That's enough to be concerned.
Also, that's why I'm betting so low.
<tag> Don't fall in love with a stock 'cause love hurts </tag>
Oh and Deadcat? Wow. Are you three? Meh, it doesn't matter. You fools will miss out on some serious coin way down the road sure, but I'll get the higher multiple. Who's getting the better deal haha.
~Eat your heart out~
Don't lose to much money out there you guys XD
Actually nm, sell me some shares at 0.001 - 0.003 for me soon okay?
Good?
Cool!
See you then :p
Waiting for RXMD to crash on Monday : D
Longs will long and shorts will short. Get over it.
I sold because I feel this stock will move to 0.005 before it does anything worth while. With the market eating garbage right now and this companies "position", I decided to pull out and watch what happens in the next month (or 2) to see how everything going to be affected.
I would like to be in the stock by Q3 earning report with the added contract, but not sooner. I made good profits from shorting this guy. Hopefully we can do business again soon, but for the moment, Bye :)
Also, I'll be watching as you longs take some losses before you make any more gains. I'd be worried about losing those precious profits from when you bought in at 0.005. Maybe you guys could sell me some at that price when we get there ~laughs~ .
Without pissing anyone else off, have fun in a bear market everyone.
Oh! AND MAY THE ODDS BE EVER IN YOUR FAVOR.
RXMD opens at 0.009 for the day. Kiss those sweet profits away for the moment you longers.
Any body know how much debt is still left? That interest is nasty
Heyo everyone. I've been watching this forum for a while now and I've only just decided to make an account. Great community (yet cutthroat at times). I've trading this stock for about a year now. Yes I'm a noob but, I've made huge returns here. I started with $300 and I'm close to a full $4000 in returns. Yeah yeah, I've shorted plenty of times, but I still made one hell of a return ^.^
With the introduction out of the way, let's get to business
1. I wouldn't say this company is a pump and dump. I acknowledge that it's using shares to pay of its debt, but it's not cutting and running like actual pump and dumps. If it was doing that, we'd know cause we wouldn't all be here :/
2. This is more of a call for more info DD. I think I was looking at their s-4 report (quarterly) and I saw that for the 1 mil they made in products sold, they spent like 800k to get there. Why are they soo high!!! But in bulk! Find a contract! Get that expense number down! Do that and this company will make serious money. No excuses. To reason they can't .-. Oh and yes, it shouldn't cost that much for chemicals (biochemicals).
3. Operating expenses are good and low!
4. Get the debt paid of, then fix this dilution. Rxmd will benefit as a business not only for the cash in shares, but increased interest. More people investing at a higher price, the more those investors might open doors for the business.
Last word, I'm short -> longing this stock as I see fit. "Never fall in love with a stock" applies here. Yes, I'm here to make money, and yes the stock price must rise to get a better yield. But, I'm not going to take a lose for the company. Some people here a freaking out saying we should. Umm... No. This isn't China where I'm being forced to long hold this stock.
This stock will go up once it pays its debts off and fixes this dilution problem. 0.50 - 1$ seem too low to me. I've seen stocks with this kind of profit running at 5-15 $ Plnr.
I'm betting on it at least hitting $1. After that, it really depends on the stocks state if it'll push it higher
Waiting for October!