Praxsyn Corp (PXYN)

[Rhenarium]

Wrong. Do your DD. Better opportunity presented itself with national exposure and less commissions payable....

My math must be wrong, would you be so kind as to point out where I'm going wrong?

PXYN will pay NHS 64% of net revenue for sales generated by NHS.

PXYN paid TPS:

1) On the low end (for receivables factored at/below 20%), 13% of gross billings where net revenue was approximately 46% of gross billings. So (13% / .46) = 28% of net revenue.

2) On the high end (for receivables NOT factored, or factored above 20%), , 17.5%, so (17.5% / .46) = 38% of net revenue.