Progressive Care Inc (RXMD)

[red13]

Thanks, but your explanation makes no sense. By "valuation" I assume you mean "market valuation," which is share price times issued shares. It doesn't matter if stock is on Big Board, OTC or shares held in a closed partnership. I assume that because of the following wording:

"valuation of the company as of today should be at least 1 or 2 times of the sales"

Assume this year sales hit $22 million, then divide by roughly 360 million shares. That gives about 6 cents for one times sales and 12 cents for 2 times sales. How else can that your statement be interpreted?

If Armen thinks the SP should be 50 cents, that would make the market valuation roughly $180 million -- 360 million divided by 50 cents and that would be about 8 times sales projected for this year.