RXMD - ARMEN CONVERSATION
I just had a fairly lengthy conversation with ARMEN who is head of business development, and is currently doing our IR:
1) Company is likely putting out MARCH REVS this week but possibly next week.
2) 2017 FINS will be audited, and 2015 audit is also being considered which will ultimately be needed if we are to become SEC reporting before the '17 audit is done this time next year...
3) Company has interviewed several IR companies and is not satisfied with the options. They may hire a full time staffer to handle IR moving forward.
4) Company is dismayed at the current share price, and believes strongly that the share price will soon correspond with the healthy business as we continue our solid growth.
5) For probably the 10th time, he said there are discussions ongoing that he is not able to discuss.... I believe there is something in the works related to M&A, and we will hear something on that fairly soon.
He was not interested in doing a tit for tat with the naysayers who say the company should be doing "this or that" and said news becomes old the day after its released, and its foolish to make decisions off the talk of the moment. Company is following its business plan and EXECUTING on it perfectly.
The share price will rebound, and for those of us who are LONG like me may remember the doldrums of '15 when we thought the price would never make it out of the SUBS but it DID!
It will RUN again..
BUY and HOLD - the true REWARD is coming to those who understand this is a real company with real revenues and real profits.
AI
