Progressive Care Inc (RXMD)

[Stcgg]

Shorting the stock by CVP also increases stock dilution (by selling shares.) This process completely overcomes whatever buy interest comes in based on news as RXMD is a lightly traded OTC. Eventually they will short the stock to zero or near zero. On top of profiting from their short and guaranteeing their investment, they are then in a position to completely take over and own the company after stealing it from shareholders, all who end up selling, and in most cases at huge losses.

This is the reason anytime a company signs on to a floorless convertible they should sell immediately, as its usually the best price they will get. Companies that qualify for bank loans don't have to sell shares at whatever the market price becomes to do it. RXMD doesn't qualify for any other type of financing and has again subject its shareholders to paying the bills for them.