Progressive Care Inc (RXMD)

[Stcgg]

All that is required to be toxic is conversion based on market value rather than number of shares. The SEC has implemented recent rules that require at least 6 months prior to conversion, otherwise the Financier is deemed an Underwriter. During this period prior to conversion the Financier will short the stock knowing that the dilution upon conversion will cause a lower share price. Shorting also increases the Financier's number of shares on conversion. As stated previously, he has already obtained a 10% OID for $200K, will make 150% shorting the stock due to dilution, and will receive more shares at conversion (in case the price is able to rise afterwards.) The chart of RXMD will undergo a 2 year swoon to sub-penny in the process.