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Very detailed 8-K filing
Thanks for sharing it.
And here's a fourth - Halper Sadeh, LLP
More ambulance chasers have appeared. The third is Keuhn Law.
Thank you JS. Nice write up.
Great post MrMike
Understood.
Agreed TD.
It is a nice number Turbo.
Holt - That's what I said...lack of communication. Fernandez did nothing overt to adversely effect SP. And yes, I understand that the "exchange rate" for the business combination has been determined, but that doesn't prevent the SP from moving up once things are in place.
J - I am also not happy like most everyone else here, I think that the share price should be in the $10.00 range right now. I still see that strong upside here once things are unveiled.
HAHA!! You must have ESP. I just posted to Silent Wolf. That's my take, for what it's worth.
I understand what you are saying SW, but what I truly don't understand is how Fernandez and Company allegedly eroded the SP down. Fact is both RXMD and NXPL have dropped. Are you saying it's the lack of communication that has caused the price drop or is it something else. Fact is the business is doing better than ever - $50 million in revenue is a pretty strong number along with a strong cash position.
Playing the devil's advocate, let's say you are correct about the reason for the price drop, wouldn't it also be true that if the company starts communicating with its shareholders and potential investors, the share price should respond in a positive way and move towards FMV.
I did JS...just surprised me.
Just tried to buy the 100 shares @ $1.99. MMs sold them to me at the Bid price of $1.78
And upwards.
Wish I had one my friend. I do think that things are on the right track now albeit slow. We just have to grind this out over the next couple of months until we see what this union will bring us. I am loving the $26 million in cash a the $50 million in revenues. I’ll say it again - way undervalued.
It's actually nothing Truth. That law firm throws crap against the wall hoping something sticks.
That came thru my Schwab feed. You are 100% correct, they are ambulance chasers for sure. They snooped around RXMD a few years back.
Perfectly said SF.
That's a lot of shares. I hope that RXMD makes us all money someday.
Yes we are.
You too Turbo. Nice news today. These next few months should get interesting.
Agreed.
Yes J it may take a little time, but it should be well worth it. Hey over the last few years we have surely developed patience. RIO is right, when the "business combination" is complete the institutional investors should come knocking at our door.
I believe that that should happen fairly soon
Why would management what someone to acquire Rxmd for cheap. I wouldn’t think so considering how well the company is performing. This is a $50 million revenue generator and growing
Very nice
Nxpl up huge after hours. Up around 50%
Growth of over 136% in 340B Contracts...etc
The PR is just out. Progressive Care announces Record full year results with revenues of 49.7 million $s an increase of 22% with annual gross margins of 30%.
vp - You shouldn't buy any stock if you don't know the history of the company.
Great analysis TD. Thanks.
I don't think so...it's used as a accurate measure of the value of an asset. Perhaps in prior years depreciation was underestimated.
Looks like overall depreciation was devalued by that amount. Perhaps Track Dude can fill in the blanks.
That's a great point...the Goodwill Impairment charge is way large
It's a reduction in the value of an asset. The asset in this case is Goodwill. It is not an actual cash outflow, but it does reduce the net income. This is a permanent reduction and we will not see it again.
The Goodwill Impairment book entry in the amount of $14 million is the culprit. besides that, the 10K looks good
I saw it on my Schwab platform. You can check the Progressive Care Website. - SEC Filings