Progressive Care Inc (RXMD): MISREPRESENTATION: "RXMD has cash in the...

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Progressive Care Inc (RXMD)

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Re: BioTekkie post# 106158

Wednesday, 11/28/2018 10:48:40 AM

Wednesday, November 28, 2018 10:48:40 AM

MISREPRESENTATION: "RXMD has cash in the bank and gas in the tank" or "RXMD has the Power to Pay it."

RXMD Reality: More Convertible Debt an Reopened Negotiations with Chicago Ventures for 2.5 Million and deal is 2.3 Million with Potential 10% OID.... What a Coincidence....

The agreement calls for a stratified payment structure for the total purchase price of $3,000,000. $2.3 million in cash spread over 2 years and $700,000 in stock valued at market price at closing or $0.07 whichever is lower.

NOT Selling a SINGLE share, during a run from under .01 to $.26, and waiting for $2.00... Would have been my biggest failure. Glad it wasn't me!

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