Progressive Care Inc (RXMD): If they initiated a buyback the SP woul...

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Re: James P post# 124255

Wednesday, 08/28/2019 10:43:36 AM

Wednesday, August 28, 2019 10:43:36 AM

If they initiated a buyback the SP would not stay this low. It would immediately double from current level just on the PR. Besides, RXMD would have to issue shares to make it happen right now.

Once the new locations show an ability to pay for themselves and knock out the debt a buyback could be realistic. But even more realistic would be using that cashflow to acquire more locations.

[EDIT] Plus I'm not sure what the ramifications are of performing a buyback while convertible notes still exist. Seems like clearing up any debt involving notes would be in order before even discussing buyback options.

The best thing IMO, is they start turning a profit and announce a stock buyback program and actually do it. With the price so low they could buyback a lot of shares and get this RS talk out of the equation. Of course this requires making a profit.

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