Progressive Care Inc (RXMD)

[Stcgg]

So Much for Restricted Shares..

On April 6, 2016 RXMD entered into an agreement with Midam Ventures for marketing services totaling $90,000 payable half in monthly cash payments and half ($45,000) in RESTRICTED shares.

On April 6, 2016 RXMD entered into an agreement with Mass Ventures for web development services totaling $50,000 payable in monthly cash payments totaling $15,000 and the balance ($35,000) payable in RESTRICTED shares, half up-front and the remaining shares on completion.

Per RXMD Form 10-Q thru Jun-2016, page 18 states that 1,125,000 RESTRICTED shares were issued to Midam Ventures and 437,500 RESTRICTED shares were issued to Mass Ventures on May 27, 2016.

THIS PROVES RXMD RESTRICTED SHARES WERE ONLY RESTRICTED FROM APR-2016 TO DATE OF ISSUANCE MAY-2016, DISPROVING SHAREHOLDER PERCEPTION THAT RXMD RESTRICTED SHARES COULD NOT BE ISSUED FOR A TERM OF ONE YEAR..

Wonder how soon Chicago Ventures can sell those ~75 MILLION converted shares totaling $2,205,000? THEY ALREADY CAN BECAUSE THE RESTRICTION IS NOT 1 YEAR, ITS 1 MONTH!!!