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I haven't been here for a while, but you know it's a bad sign, when people are asking God for help with a stock.
I tried to make that same point several months ago, and was ignored. When they start reporting earnings this year, they won't have that overlapping of numbers to show in their PR headlines.
FDA has assigned a new goal date of approval for June 4th. I've waited a long time, what's another 80 or so days.
I never mentioned the OTC. Tenkay said this wouldn't end until companies moved from the NASDAQ to the NYSE.
You said this wouldn't end until companies started moving from the NASDAQ to the NYSE. That is what I was referring to.
I'm not disagreeing with you entirely Tenkay, but why would companies move to an exchange, where they would be held to a higher regulatory standard. There seems to be a never ending supply of suckers, willing to throw money at crap like MULN.
It won't change until money gets tighter, and people start using common sense when investing. From what I've seen over the last 38 years of investing/trading, that isn't likely to happen anytime soon.
Imagine a publically traded automobile company, that puts out a PR to announce the sale of two vehicles. What's next, they announce three consecutive months of paying their water and sewer bill on time.
Turbo, strict interpretation of the rule would be, that it would reset. If it falls below 1 dollar for 30 consecutive trading days, you would have to trade at a dollar or higher for 10 consecutive trading days during the 180 probationary period.
They keep playing this increased revenue game with their headline revenue numbers, and it's disingenuous. NXPL didn't combine revenue numbers with RXMD during the first part of 2023.
With every subsequent revenue comparison with 2023, that percentage shrinks, because it becomes more of an apples to apple comparison. In 2025, they won't have that headline eye candy.
It just turns investors off, when companies use these deceptive PR tactics. Like you said, and I agree, they need to start turning a profit, and stop the OTC hype bullshit.
No, I don't hunt at all, but I like to shoot. It's a good thing for the 2 deers in my front yard last week, that I don't.:)
Wild turkeys can fly a little for short distances. Domestically raised turkeys for market are bred to be too broad across the breast and heavy to fly.
Once in the 70's, a radio station in Cinncinatti released a bunch of domesticated turkeys out of a helicopter with disastrous results. Lol
Turbo, why don't you come down to my town in Southern Illinois. They're going to give away live turkeys, by throwing them out of a helicopter.:)
They sat on the concept for a while, but eventually flushed the idea, due to their company's market undercurrents.
Staypuff, the reverse and equity raise is a distinct possibility, but taking it private wouldn't make sense. They would lose access to the equity markets, and at that point, they would have to raise money through traditional borrowing. Very hard to get a loan, when you're not showing a profit.
Nothing to do, but sit and wait. I think the fact that FDA isn't requesting further data is a positive. We'll find out soon enough. I believe if FDA wants to regulate Ketamine, they need to be willing to approve generic producers, who are doing it right, through the regulatory process.
There's a merger upcoming, and it stands to reason, there would be some new faces popping up. Most likely, they're here for a quick pop, and run.
I think the strain of the falling stock, and uncertainty of the outcome is taking it's toll. Paranoia seems to have sifted into the community.
You said you could drive 20 minutes, and be in a cornfield. I can walk one block, and be in one.:) lots of woods, creeks, lakes, and ponds. I've lived in several larger cities around the Midwest, but I always come back home. The biggest problem we have, is our young people move away, and our communities never seem to grow. On the other hand, if it grew too much, I probably wouldn't like it as well.:)
I live in Southeastern IL, about 30 miles from the IN border.
I live about 250 miles South of Turbo, and I can step out on my front porch and take a pee if I want to.:) We watch the Chicago news every weekend, to get the casualty reports. A few years ago, my county and several others, voted to have Chicago moved out of Illinois. I truly feel sorry for anyone stuck there, and can't move for various reasons.
I made it very clear, that I do not own shares in this company. Clearly, you are the the one who "doesn't read" or you have reading comprehension issues.
Flaker, I don't own any shares, but I have in the past, and I'm following the company because I'm curious about the outcome.
These people you're being condescending with, have been here following this company loyally for, in some cases, 7 or more years, While you started your profile two weeks ago. They, like me, have read the press releases and filings. There has been no information indicating why they are merging, why they reverse split, why they valued this company so low, or why they dilluted shareholders, only to hold onto cash.
Saying you want to expand existing business is the goal of every business on Earth, and is not helping to bring in new investors. These owners don't do conference calls, put out almost no press releases, and seem to live in an endless quiet period. If they gave some guidance, I would likely jump on-board, but until that happens, I view it as a blind investment.
Garrox, not looking for a fight, but I have to ask a question. What makes you believe any of the insiders/owners are billionaires? They certainly aren't conducting their business like they have that type of financial resource. I mean really, why would billionaires be playing with a small pharmacy chain, and a tech company, that nobody has heard of? Also why would billionaires be dilluting and squeezing money out of those companies for a few million dollars?
It seems to me, with a billion dollars, a person could have a more profitable and less work intensive way to obtain a return on their investments. Just my opinion.
Bear, given the fact they've already committed to the merger ratio of shares, I would think they would take the letter, and hope for a share increase after the merger. If it didn't rise enough, they could always split afterwards.
Push-down accounting is sort of like a push-up bra; you never know what you have until the final unveiling, and it's often disappointing:)
James, right now you can buy 1 and half shares of nxpl for what it costs you for 1 share of rxmd. All I am saying is you need to do the conversion math, before hitting the ask on rxmd. People buying rxmd at 1.93 today, were losing 13 cents per share, that could have bought them more nxpl.
I'm only saying this again, because I like some of you.
The conversion ratio for this merger has already been determined. You guys are going to get around 1.49 shares of nxpl for every share of rxmd you own. Currently, nxpl is at 1.21 per share. If you take 1.21x1.49, you get 1.80. If you are buying rxmd above that price at 1.93, you are losing 13 cents a share on the conversion. You'd be better off just buying nxpl. This is why the bid is around 1.79-1.80 on rxmd. They know it makes sense with the conversion. Of course, this is all assuming the merger goes through, or you aren't trying to do a quick flip.
If the price of nxpl rises, the bid on rxmd should also rise. Still, you need to check the conversion formula, to determine which one makes sense before you buy.
Like sitting patiently for hours, waiting for your appointment with a proctologist named Dr. Hook.
Like being put in leg shackles, and forced to play naked Twister, with ugliest women in the world.
From Humping Harry to the Dirty Sanchez, I tune in here everyday for entertainment you can't find on TV. Very little puts a smile on my face or makes me laugh these days, but you guys never let me down.😀
Staypuff, the conversion ratio, is around 1.49 shares of NXPL for every share of RXMD, if the merger goes through. If you take the present price of of NXPL at 1.23, and multiply it by 1.49, you are pretty close to today's RXMD price at 1.85. At this point, RXMD's share price is contingent on NXPL's share price.
Gedi, I certainly agree with you, that if the company begins communicating positive developments, the share price will increase. However, they bypassed several opportunities to promote the company over the past year. Given their current plans, a cynical person (like me) can only extrapolate, they wanted the share conversion close to 1 for 1. In my opinion, they knew NXPL wasn't going up, so they waited quietly until RXMD came down.
Rxmd, has and will be providing much of the revenue in this merger, and I think the conversion should have reflected that.
Could I prove they eroded share price on purpose? No I can't, but I can't come up with a better explanation for their past silence, other than they wanted this company for cheap.
Truth, and they didn't even have the common courtesy to give you guys a reach-around. In this case a conference call.
From day one, this was the plan. They filed what they were legally obligated to present, and kept everyone guessing and hoping. Even with increasing revenues, their silence on the company's progress and future plans, evoked uncertainty and trepidation from potential investors like myself.
Now they've eroded the stock price down, so they can absorb it into NXPL, for about 1/3 to 1/4 what it's worth. I don't see any laws they've broken, other than laws of morality and conscience. They don't appear to have either of those traits, so on they will go.
Good luck to all of you here, I hope things eventually turn up for you!
Thank you, appreciate it.
Track, I'm asking you, because you are an accountant. First, how can RXMD come up with that large of an impairment charge, and secondly, is it possible they are transferring NXPl's impairment to RXMD? After all, they used RXMD's revenues in past filings. Just asking because I don't know.
I would argue that it's a combination of both. They hit investors with the RS, and share restructure, while never communicating their future intentions, or reasons for the action.
I'm going out in few minutes to mow the yard; does that count?:)
I'm in totality today, and by that, I mean I totally don't give a shit.
Is there something wrong with me? I'm starting to remind myself of the old man in our neiborhood, that yelled at the kids playing in his yard. Lol
Here's my guess, and that's all it is. Could it be that since they have been reporting RXMD's revenues on NXPL's quarterly reports; they are having difficulty squaring that on an audited 10k?
Captain, kicking people when they are down is bad karma, and it can be a bitch.
I'm not trying to be a smartass here, but how does him saying they are in an earnings blackout, and floating the suggestion of a share buyback, not sound a little conflicted?