So true. AS A MATTER OF FACT, Progressive Care website's google hits have increased from an average of 100 to over 2000 per day according to the company. That is a direct reflection of the company's outstanding performance year over year.
I called the company yesterday and had an almost 1 hour conversation with Armen, their business development person. Lots of exciting progress and ambitious expansion plans have been made. QB uplisting application is all green light at OTC as of Friday last week. First Look Equities' investors network have started showing increasing interest in RXMD. Recent increase in stock trading volumes had a lot to do with their network.
For 2018, Armen said they will keep working on more M&A and/or carrying out more strategies to further aggressively grow the company's revenue. Their goal has ALWAYS been uplisting to a higher exchange, most likely NASDAQ. Everything they have been doing these years is to make sure the company complies with SEC requirements, such as auditors, attorney, auditing etc.
He believes the valuation of the company as of today should be at least 1 or 2 times of the sales, say at least $30M. He thinks the current stock price is extremely low and not reflecting the company’s true valuation. He said many big investors need at least 2 years of audited financials before they can make serious investment. He’s very looking forward to the 2017 audit. Just imagine once this first M&A is complete by EOY with QB status, what explosive actions we might see in the first quarter of 2018 when these BIG guys come in. Actually the company has already started preparation work for the audit starting this month. They also have started receiving PBM fees reimbursements since the beginning of this month because of their superior 5-star ratings with PBM. The January to June fees will be reimbursed this quarter. The July to December fees will be reimbursed in spring 2018.
They will have an investors conference call early next month. It will be a perfect chance for new investors to ask them any questions to find out the truly amazing potentials of this stock.
GO RXMD
