The point is they have stated clearly that the acquisitions had NOTHING to do with licenses. I was even told over the phone that the acquisitions had nothing to do with licenses. Armen went as far as saying the acq targets didn't even have all licenses.
That right there is a lie. That is more than sugar coating.
They were once for small ma&pop shops. Now they were for home health care businesses.
Why would the claim now that they have nothing to do with licenses.
Armen said that all 3 were off the table due to home health care positions.
It is a weird lie. They would have been much better off just being straight up about it. They have taken bad news and somehow swung it as them being smart and a step ahead. As an investor, that makes me scratch my head and start to show concern.
The biggest thing now that will prove positive or negative going forward is the build-out permit. They have had the robot since January. Almost 6 months has gone by and they still do not have the permit. I know it takes awhile to obtain permits, so why would they buy a robot so far in advance to obtaining the permit? That typically wouldn't be that bad of a sign, but with this new license/acquisition lie, it makes you scratch your head.
Wouldn't you want to have the permit basically ready to go before you made a huge purchase for a piece of machinery that will/could take your business to the next level? There ARE times in the past where permits such as this do not get approved. The fire department can be fairly fickle about things like this.
Armen has been stating that the permit would get approved any day now for the past couple months. Is he beginning to set up his escape? That is the question I would like to answer for myself. He has a record from the past. I would like to think that that is not a big deal and people change, but sometimes they don't. He has a ton of influence over this company and the CEO who has a degree from University of Pheonix. People/investors should be keeping their eye on him. It would be wise to at least be on the lookout because there is serious money/aspirations on the line with RXMD.
If you look at the financials, there ARE a couple weird things, nothing major, but there are a couple things that are head-scratching. Everyone should just be smart and keep their eyes open. Your money and future is on the line here, just like everyone else.
