Progressive Care Inc (RXMD): It doesn't matter when the conversion ta...

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Progressive Care Inc (RXMD)

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Re: holt69 post# 46995

Wednesday, 08/03/2016 8:59:05 AM

Wednesday, August 03, 2016 8:59:05 AM

It doesn't matter when the conversion takes place because the dilution from shorting the stock is done immediately. All RXMD had to do to make sure this wouldn't happen was to have a precise number of shares for conversion, rather than the lower market at conversion. However they couldn't get the loan based on shares since CVP didn't have any reason to believe the stock price would rise. They signed onto a toxic death spiral convertible, and that's what ends up happening to the share price..

Investments = Daytrades gone bad

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