Progressive Care Inc (RXMD)

[JohnCM]

Authorized Shares
500,000,000
12/03/2018

Outstanding Shares
431,221,376
12/03/2018

plus 10,000,000 = 441,221,376

Restricted
81,099,982
12/03/2018

Unrestricted
350,121,394
12/03/2018

At this point to get to $4.00 per share would require a 1 for 75 r/s


On November 27, 2018, Progressive Care executed a letter of intent to purchase a Florida based pharmacy with locations in Davie and Orlando, Florida. The target pharmacy had just under $16 million in revenue in 2017 and is projected to have approximately $18 million for 2018. 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.