Progressive Care Inc (RXMD): RXMD: $2M Death Spiral Convertible.....

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Progressive Care Inc (RXMD)

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Thursday, 08/04/2016 6:00:56 PM

Thursday, August 04, 2016 6:00:56 PM

RXMD: $2M Death Spiral Convertible..

A convertible bond issued by a distressed company with a conversion ratio that moves in the opposite direction of the share price. A death spiral convertible offers more shares to the security-holder as the price of shares decreases (an increasing conversion ratio), which decreases the control that common shareholders can exert by dilution. This type of convertible is used by companies who would not be able to find financing through other means because of poor financial health, also called toxic convertible, floorless convertible.

Investments = Daytrades gone bad

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1D
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6M
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5Y

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Recent RXMD News

Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 07:54:25 PM
Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 04:38:35 PM
Form 8-K - Current report • Edgar (US Regulatory) • 11/14/2023 04:16:29 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/23/2023 01:40:42 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/23/2023 01:34:02 PM
Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 10/23/2023 01:20:59 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/20/2023 04:05:24 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/20/2023 04:04:51 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2023 01:40:09 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2023 01:37:47 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2023 01:35:39 PM
Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2023 04:14:11 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/11/2023 08:54:39 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/11/2023 08:51:22 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/11/2023 08:49:13 PM
Form 8-K - Current report • Edgar (US Regulatory) • 07/21/2023 07:30:25 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/30/2023 09:34:34 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/30/2023 09:33:46 PM

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