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Look at a 5 year chart, OPK is completing the right shoulder of a reverse head and shoulders pattern. Once it breaks the lower 6's then it should run to the 11-12 range.
If you look at a daily or weekly chart for two years you'll see a huge reverse head and shoulder pattern. We are in the upstroke to 6 on the right shoulder and after that it moves to the 11-12 range. This is an easy long term hold.
+ $30 M in revenues in the 3rd quarter...HMMMMM, it has to make you think just how strong the revenues would have been without COVID. $40+?
There are many that are obsessed with the S1, MARS,and other side attractions. I believe that RXMD is positioning themselves to be acquired. Looking at 40M in revenues and an average multiplier to revenues of 6-10 times, so I believe it is very plausible for this company to be acquired in the $.50 to $.75 range.
40M x 6 =240,000,000
240,000,000 / 474,000,000 shares out = approximately $.51/s
9 x Rev would be approximately $.76/s
Basically chump change to larger corps
Sounds like the Brady Bunch with Marsha Marsha Marsha, but with Mars Mars Mars. Look Mars is either in one of three places:
1) Home, hopefully healthy and enjoying her family
2) I mentioned Walgreens looking for a CEO, not going to happen, but I mentioned so that you have a ray
of hope!
3) RA 1h 0m 57s | Dec +4° 25' 41? (go to hobby store and get a good telescope here are the
coordinates)
You can bet your last dollar that the ones who bought between .06 and .10 will sell as soon as they get their money back or close to it. Once RXMD starts to move it will be to late to for them to get back in,
You have to have sellers to have buyers, so not very many peeps are willing to sell at this price which is evident by the low volume. Once significant news comes out the pps should rise at a much higher level as sellers try to unload or breakeven. Once that occurs and RXMD starts to move and those sellers are gone then it will be to late for them to get back in. Psychologically, it will be hard for the sellers to step back in at a much higher stock price after selling in the sub $.06 range. It will occur and it will happen relatively fast and the ones who missed out on the run will suffer years of regret.
It is simply amazing how some people post the same stuff over and over. Mars resigned to pursue other opportunities period. Now since everyone like to guess where she is and why, let's look at an obvious scenario. On August 27th, Stefano Pessina (CEO of Walgreens) announced that he is stepping down with no time limit in doing so, and Mars announced her resignation two weeks later. Could that be the position that Mars is headed towards. If it is, what would be the chances of her as CEO making RXMD and acquisition target. I think the chances are pretty good and it may be a the golden cross that everyone is waiting on. Just an opinion for you to think about! She left on good terms, so stop worrying and be Happy!!
Well since RXMD pps has been in this range for a month or so, let's look at:
$1,000,000/.04 = what 25 million shares
Stock price runs to $.30
$.30 x 25M shares = $7.5M
Stock price runs to $.40
$.40 x 25M shares = $10M
Hmmm = price of APPS acquisition
Same shares purchased for a cool $1M and reissued @ $.40 to pay for the deal. No dilution there!
One cent is coming next week
One cent is coming next week
That is what we have heard week after week now it is
One cent by the end of the year
Blah Blah Blah
How about $1.00 next week
Two weeks from now $5.00
Three weeks from now $5 million
How ridiculous does it get
I believe spider and spuds are one in the same
Someone must have a sore ass to keep pulling numbers out like that
There are two thing that I don't get. One is where the 160 million share dilution comes from when the price of the Apps acquisition is based on the next two years performance and the other is about Mrs. Mars. The way that I see it is, and please correct me if I'm wrong, when RXMD gets a new CEO and everything is integrated then we should see the stock price rise significantly. When they do uplist then you will see a greater rise in the price of the stock. So lets say within two years RXMD is at $1/share, so you would have to only issue 7.5 million shares not 160 million. Secondly, Mrs. Mars was a good CEO but like a lot of CEO's they come and go for various reasons. In 2019 over 1900 CEO's left their positions. She was an excellent spokesperson for the company no doubt. The stock ran up to the mid $.20's then back down to .05 then back up to around .10 this past May then back down to .04, so it is no different whether she is here or not.
Do you actually think that they will file a S1 before they confirm a new CEO! Very doubtful!
FINALLY NEWS IS OUT, BUT MOST HERE ALREADY KNOW IT
New to this board. You know what is going on with this stock? Pull up a five year chart,either daily or weekly and look what is happening. OPK is starting its upturn on the right shoulder on a massive reverse head and shoulder pattern. You can expect a $11-$12 price target when it breaks the $5.50-$6 neckline.
Wow! Everyone seems hung up on the $10m for $1m like i it is unheard of. Look WMT paid 6x revenues for Jet a few years back and NVDA looks to be paying 20x revenue for Arm Holding. They are paying $40 B for $2B in revenues, so the statement saying this never happens is ridiculous. Understand the two companies WMT and NVDA paid BILLIONS for those companies not some pissy ass $10 million. What will the revenues look like when you integrate MyApps with the hundreds of RXMD's client base. In my opinion they may look like $2-3 million. Some on this board would fall into the same category that 70 to 80 percent of the people in this great country of ours. If I walked out onto the street with a $10 bill in one hand and a Silver Dollar, which has a face value of $1, in the other hand they would take the $10 bill. They wouldn't understand or have any idea that the $1 silver coin is worth $26 plus. Look the max downside is very limited if not already there and the sky is the limit on the upside. One morning this stock will jump and the ones that bought a little higher will sell and be glad to get their money and most likely will miss the run.
They apparently read these messages. I see they have taken Mars off of their website. Patience is a virtue.
New to this board. I have been watching RXMD for a couple years and bought my shares in April and June. I see a lot of interesting posts on here about Mrs. Mars leaving for various reason and on bad terms. I will say this, corporations generally remove all information on an employee regardless of their position in the corp once they leave. If you bring up the Progressive Care's website and click on governance you will she her pic still on there as CEO under BOD and Management. It has been three weeks since her departure, which makes this very unusual. It is my guess that she did not leave on bad terms, or that would not be on there, plus she may reappear in the near to distant future in some role. It is a guess that only time will tell. The main thing is to RELAX because there are only two outcomes (Up or Down)! Downside is limited but the upside says the skys the limit.