Progressive Care Inc (RXMD): I did the math. Rxmd has 352 mil outstan...

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Progressive Care Inc (RXMD)

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Wednesday, 04/04/2018 7:11:46 PM

Wednesday, April 04, 2018 7:11:46 PM

I did the math. Rxmd has 352 mil outstanding. Just gave 36 mil in restricted stock to senior management. Most of it to armen karapetyan who is the head of business development. At 8 cents a share the market cap is 31 mil. 388mil x .08. 20 mil rev gives a 1.55 multiple.

Armen getting 20 mil in shares and the rest to other execs is a good thing. Now they have incentive to increase the stock price.

Maximus the Merciful

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Recent RXMD News

Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 07:54:25 PM
Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 04:38:35 PM
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