Progressive Care Inc (RXMD)

[Stockbus122112]

RXMD has lost close to 14 million dollars in market capital.
It now trades at around 1/3 of its projected revenues. Not even 1 x's revs.

Midam only has or had 10 million shares to sell, nothing more. This is probably long gone or they are in deep on the short end trying to cover. They may be pissed off RXMD cut them off and rightly so.
It is confirmed there is no dilution coming from the company. They are cash flow positive and no debt and do not need to use shares for anything

Capital Ventures tranch for 250K is due in 8/18 and the company has the cash to pay it off any time so there is no dilution coming from them unless they are shorting thinking they will be getting shares instead of cash. They would pay this off but there is no reason to pay the high fees of doing so early.

Someone has been trying to get cheap shares and or shorting heavily, period. Either way this is way undervalued and most everyone knows it.
Only going to take one big investor to crack some necks....