Progressive Care Inc (RXMD)

[HeadHunter]

Your calculations with a 1 for 12 RS seem about right. My question back to you is, do you think they can uplist without the assistance of a merger with a company currently listed on Nasdaq? I mean, I am sure they can, it would just take longer......I do not believe that they are trying slow roll this process.

Especially with there limited cash flow at the moment. I understand they need to spend money to make money. But if your going to award bonus shares, should you not have some kind of restraint on salaries?

I think they are going to use more money in 2018 trying to M/A and get their name out. Albeit, this is a good start with the current pharmacy.


Just wanted to post this for the board, General Information!
Listing Requirements for All Companies:

Each company must have a minimum of 1,250,000 publicly traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more than 10% of the company.

In addition, the regular bid price at time of listing must be $4.00, and there must be at least three market makers for the stock.

However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.

Each listing firm is also required to follow Nasdaq corporate governance rules 4350, 4351 and 4360.

Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.