Progressive Care Inc (RXMD)

[bigjuice]

The only concern is that they were primarily using the acquisition as a means to acquire all 50 licenses.

At the conference they said they were in final stages of negotiating on TWO acquisitions (small mom-pop shops: do not cost much, basically only using them to acquire all 50 licenses).

Now, TWO WEEKS later, they are saying they backed out due to CMC changes. What they hell? What the hell happened in 2 weeks time, from their HUGE BACK TO BACK conferences?

They were paying for the licenses, because that was the only way they were going to meet their goal of possessing all 50 licenses by EOY.

It is not about the CMC changes. Actually, that is an additional concern because CMC is a big part of RXMD's business model.

SO NOW, we are burdened with not completing the goal of all 50 licenses, AS WELL AS, now we have to figure out how to modify our business model in the long run to circumvent these CMC changes.

I am a long, truthfully am, no way around it. BUT, I am interested to see and hear how they are going to circumvent these NEW obstacles.

Read between the lines.