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ARMEN CONVERSATION IV .....

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Progressive Care Inc. Announces Record Number of Prescriptions Filled and Strong Revenues During August 2018 InvestorsHub NewsWire - 9/18/2018 8:00:00 AM
Progressive Care Inc. Garners International News Coverage in Top Pharmacy Trade Publication for Its Efforts to Battle Opioid InvestorsHub NewsWire - 9/13/2018 9:47:41 AM
Progressive Care Announces Newly Redesigned Website for Wholly-Owned Subsidiary PharmCo, LLC InvestorsHub NewsWire - 9/10/2018 8:00:00 AM
S. Parikh Mars, CEO of Progressive Care Inc., is Featured in a New Audio Interview with SmallCapVoice.com InvestorsHub NewsWire - 8/29/2018 8:00:00 AM
Progressive Care Inc. Earns International Media Coverage in Top Industry Outlets on Its Healthcare Technology Expertise InvestorsHub NewsWire - 8/28/2018 11:05:26 AM
Progressive Care Inc. Subsidiary PharmCo, LLC Earns Top Performance Scores From Humana Inc. InvestorsHub NewsWire - 8/22/2018 8:00:00 AM
Progressive Care Inc. Reports 47% Increase in Prescriptions Filled During July 2018 MIAMI August 21, 2018 Progressive Care InvestorsHub NewsWire - 8/21/2018 8:00:00 AM
Progressive Care Inc. Reports Largest Six-Month Revenue Period in Company History in Q2 2018 Financial Filing InvestorsHub NewsWire - 8/14/2018 8:00:00 AM
Progressive Care Announces Pay-Off of Note to Chicago Venture Partners InvestorsHub NewsWire - 8/9/2018 8:00:00 AM
Progressive Care to Host Conference Call on Second Quarter 2018 Financial Results and Business Update on Aug. 14 InvestorsHub NewsWire - 8/7/2018 8:00:00 AM
Progressive Care Earns Coveted LegitScript Certification Verifying PharmCo Pharmacy is Safe and Credible Online Health Resource InvestorsHub NewsWire - 8/1/2018 8:00:00 AM
Progressive Care Subsidiary PharmCo Partners with Westchester General Hospital to Implement New DischargeRx Program InvestorsHub NewsWire - 7/26/2018 8:00:00 AM
Progressive Care Signs Two New 340B Contracts to Bring Discounted Prescription Programs to Non-Profit Healthcare Institutions InvestorsHub NewsWire - 7/19/2018 8:00:00 AM
Progressive Care Inc. Announces Month-End Sales Figures Showing Increase in Year-Over-Year Prescriptions Filled in June 2018 InvestorsHub NewsWire - 7/17/2018 3:02:16 PM
Progressive Care Launches New DischargeRX Program to Improve Engagement Between Patients and Hospitals InvestorsHub NewsWire - 7/13/2018 6:20:29 PM
S. Parikh Mars, CEO of Progressive Care, Discusses Recent Company and Industry News in New Audio Interview with SmallCapVoice InvestorsHub NewsWire - 7/3/2018 4:27:48 PM
Progressive Care Completes Acquisition of Touchpoint Pharmacy Expanding Company Footprint and Market Oppotunity MIAMI July X, InvestorsHub NewsWire - 7/2/2018 12:45:32 PM
`Progressive Care Inc. Signs New Investment Banking Agreement with The Benchmark Company, LLC InvestorsHub NewsWire - 6/27/2018 8:00:00 AM
Progressive Care Inc. Continues to See Strong Prescriptions Numbers and Overall Revenue in May 2018 InvestorsHub NewsWire - 6/14/2018 8:00:00 AM
Progressive Care Launches Opioid Alternative Treatment Campaign Aimed at Reaching Millions Affected by the Nationwide Epidemic InvestorsHub NewsWire - 6/12/2018 11:05:55 AM
Progressive Care Installs New TCGRx Pouch Packaging System in MiamiLeading Florida-Based Healthcare Services and Technology InvestorsHub NewsWire - 6/5/2018 8:00:00 AM
Progressive Care Begins Development of Proprietary Tele-pharmacy Software for Exclusive Use InvestorsHub NewsWire - 5/24/2018 8:00:00 AM
Progressive Care Purchases TCGRx Pouch Packaging System to Add to Expanding Robot Pharmacy Machinery Fleet InvestorsHub NewsWire - 5/21/2018 7:00:59 PM
Progressive Care Reports 30% Increase in Year-over-Year Prescriptions Filled During April 2018 InvestorsHub NewsWire - 5/17/2018 9:15:51 AM
Progressive Care Inc. Reports Largest Single Revenue Quarter in Company History InvestorsHub NewsWire - 5/15/2018 8:00:00 AM
INSTATRADER   Thursday, 01/28/16 11:23:07 AM
Re: INSTATRADER post# 22499
Post # of 102109 
ARMEN CONVERSATION IV .....


I called 786 657 2060...He called me back from 305 919 7399...

I started the conversation about todays PR...

Q: Congratulations on the purchase of the new robotic dispensing system. Anything you can tell me about it? What was the cost?
A: We just made this purchase, and we are excited for the added efficiencies it brings. It is not fully assembled, and will take 6-8 weeks to assemble (done by manufacturer) and it will be placed in the warehouse we are currently expanding into..connected to the pharmacy...the permits are out, and once approved we will begin the work immediately...It is $150K to purchase and assemble in total.

Q: New investors are unsure about dilution here....Some think the company is diluting shares. Can you speak to that?
A: This company has no conversions or debt to speak of. If we were to dilute in ANY way we would PR it first. Not only are we NOT diluting, but we expect the O/S to go DOWN when TARPON returns the 12M shares they still hold that were UNSOLD....

Q: Could you please include the O/S in your PR's to help prove this to those who are unsure?
A: He laughed at this, but said he would do it if thats what we would like.

Q: Audited Financials are a big deal to those who are new here...Is there a reason we are holding off on that? I would think we should get this done asap...
A: It seems easy enough, but it will cost us ~$250K/yr in total to remain current through the Q's and K's + basic legal. We would also incur a huge cost in going back to 2011 and filing all the Q's and K's as well. Its a HUGE amount of money that at this point, we are not ready to spend.......We may however, and I will speak to mgmt about this..but we may give the fins for a 3rd party review, which should calm a few people. It is simply a cost saving measure. ALSO, there are other ways it can/could be done......INTERESTING PART....
Any PRIVATE company we acquire must have their fins audited going back 2 years, and we have to pay for that as well.. Many reasons to hold onto the extra cash to allow for these other possibilities...

Q: Are you concerned that this will not allow for an uplist?
A: Not at all...our goal is to uplist to NASDAQ or AMEX..thats where we want to be...We could include the audited fins with our application to those markets, and that would do as well..

He was SUPER busy, and I asked most of the questions I wanted to ASK.

He answerd every question, and you can tell that he realizes just how motivated the SOLID BASE OF INVESTORS are here to get the word out.

All amazing stuff...much of what I would have LOVED to ASK I cannot, or he cannot answer, so I kept it short and sweet.

This is a MONEY MAKING, EXPANDING COMPANY that is strengthening its revs and cash daily......HUGE THINGS ON THE WAY!!

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