Praxsyn Corp (PXYN)

[tangerine]

I believe you are incorrect.

"The benefit of PPO is that every claim is approved at the billed amount and at the point of service," said Edward Kurtz, Chief Executive Officer, Praxsyn Corporation. "Insurance companies are committed to pay the total amount billed within 30-90 days of the prescription being filled. This eliminates the need for Mesa to finance their PPO claims."

The picture here is clearing up. I own shares. A decent amount. And this 4m is just the PPO revenue. If they can get enough cash on this, they can get rid of the factoring on the other. Would like to get a firm reading on a real fully diluted count and margins but otherwise the arrow is point up.

So half the states in this at a 50m run rate
55% marketing and billing costs
Gonna guess other operating costs at 20% leaving a conservative 25% or so margin...all ball park

Can they earn $1m a month? $12m a year?

P/E of 10 again conservative makes it a 120m company

This is just the PPO revenue alone....