Progressive Care Inc (RXMD)

[BullishSwag]

MJ Tickers MktCap's Trade 7to12 Times Annual Revenue


On Average, MJ tickers trade roughly 7 to 12 times their annual revenue.

Look at some MJ tickers and compare their annual revenues to their market caps to confirm this multiplier.

RXMD annual revenue will be 40 million if this acquisition follows through.

40 million * 9 = $360 million market cap.

Now RXMD has 435 million outstanding shares.

So that would give a true valuation of

360 million / 435 million = 0.827

I've said this before and I'll say it again. Mark the post and let's see how this plays out.

Go $RXMD