Progressive Care Inc (RXMD)

[red13]

It is hard to expect a price jump driven by news of further operations improvement, regardless of the percentage gain or effects of the robot. There have been ample reports of sales and profit gains to boost share price. Nevertheless, PSR is less than 1 and continues to decline.

However, there are two things that are new on the horizon: an auditor's report and a move off the Pinks. If RXMD can publish an audited report by February and announce a target date for moving to QB, that should help expand the investor base, thus greater volume.

I think management can be forgiven to some degree for its lack of attention to share price to date. It's had a lot to worry about: getting to profitability, getting the robot up and running, etc.

It is now, however, high time for that lack of concern to end. Mars says she's getting "weekly" calls from interested suitors. If that's true, she should explain why interested companies have not simply begun buying up shares. There is some risk to that strategy, but if a peer or larger considered RXMD a gem, it should be able to buy a controlling interest without spiking the share price. (Around 30% of the vote could be acquired in three months or so at 1 million shares a day. Not difficult to do and still stay below fair value.)

I plan to stick around for 1Q 2017, as I do expect RXMD to come through on the audit and QB upgrade. If it does not, there appear to plenty of longs who have enough experience to cabal and exercise their voting power.