Praxsyn Corp (PXYN)

[cdhames]

would be difficult to do considering there is no cash on hand. they had to finance $19M just to keep the company operating this quarter. I'm starting to suspect that Ed Kurtz doesn't see factored proceeds as financing; that or he's been doing it so long that he's grown comfortable with it -and it's become the norm.

I'd suggest PXYN's #1 priority right now would be to find a new CFO with strong industry connections in investment and banking. Someone that can consolidate their debt under conventional financing. PXYN's #2 priority should be to replace Ed Kurtz as interim CEO and find someone capable of administering a publicly traded company.