Praxsyn Corp (PXYN)

[Drugdoctor]

You are trying to compare Work Comp "billings" with PPO SALES??? LOL LOL... Did you know the collection rate on PPO claims is about 99%? So yes, 4 million dollars in claims = 3,960,000 or more in REVENUES....

And the GROSS MARGINS on that revenue will be about 90%, so gross profits will be $3,564,000 on that revenue! Now 55% of the 4 million will go to NHS for their services... which is $2,200,000 of which they will pay their agents and their bills and have some profits...

Now, subtract 2,200,000 from 3,564,000, and you have PXYN NET PROFITS on just the PPO sales for Feb. $1,364,000 for a 28 day period.... There are 13 - 28 day periods in a year, so multiply x 13 and you get the NET PROFITS on PPO sales that PXYN would make just for the same level of "claims" on a yearly basis.... That is $17,732,000 in Yearly NET PROFITS just on a non-growing PPO business.... And we know it's growing and will continue to grow. That is NOT INCLUDING the WORK COMP business...

Have you figured out why we are all so excited now???? This is HUGE!

Next!