Progressive Care Inc (fka RXMD)

[Spider Web]

THE~MOMENTUM~IS~HUGE AS~SELL~OFF~CONTINUES

*** DOWN~DOWN~DOWN ***
LOSSES ARE AUDITED AS RXMD
MAKES ALL THE WRONG MOVES
*** DOWN~DOWN~DOWN ***

FAILURES + DELAYS + INSTABILITY
HAS LED TO MORE LOSSES, DEBT,
DILUTION, DEFICITS & GIMMICKS

RXMD IS TOO SMALL TO SUCCEED
TOO MANY OUTSTANDING SHARES
* AND EVER INCREASING LOSSES *

================================

PRICE REQUIREMENT
FOR NASDAQ LISTING

$4 ~ Or ~ $3 ~ Or ~ $2

All Depending On Meeting
Each One's Specific Criteria

However, The Issue Is
* VA L U A T I O N *

Poor RXMD Simply Has Too Many
Outstanding Shares With Limited
Expectations Of Proper Growth :
In Terms Like Net Income, Etc

A Reverse-Split Would Therefore Be
Necessary, As Opposed To Executve
Insiders Making Some Misinterpreted
"Open Ended Statements" That Only
Eludes To "Not At This Time", While
Insinuating "Common Sharehiolders"
Will Have A Say In The Matter, LOL

WHY A REVERSE SPLIT
The Fight For RXMD Will Be To Stay
Off The Pinks, Let Alone Ever Moving
To The OTC-QX Or The Higher Nasdaq

An R-Split Will Be The Only Play To Stay
Over The One-Cent OTC-QB Qualification
And Off Of The Pinks . . . So Forget About
The Notion Of NASDAQ Being A Goal, LOL

UNICORN SHORTING EVENT
The Only People Who Would Ever Make
Any Money Off Of RXMD Are Those Who
Will Short The Stock After A Reverse-Split

Which Would Be The Only Reason To Ever
Have One, In Order To Satiisfy And Enrich
Any "Associated Third Parties" . . . LOL !!!

================================

THE EXPANSION OF LOSSES
WILL CONTINUE TO DEEPEN

*** 900% Increase In Net Losses ***
From The "One & Only" 2016 Growth-Spurt

FY-2016 NET INCOME = $209K
FY-2018 NET LOSSES = $1.63M

================================

AND FY-2019 WILL BE MUCH WORSE
IN RELATIVE TERMS WITH 4 LOCALS

Q3-2019 NET LOSSES = HOW BIG ?
FY-2019 NET LOSSES = HOW BIG ?

================================

Q3 WILL BE DEVASTATING

FY-2019
Revs / Scripts / $ Per Script = Month
$1.90M / 31.0K / $60.28 = Jan
$1.70M / 26.7K / $62.46 = Feb
$1.75M / 27.0K / $63.66 = Mar > $752K Q-Loss
$1.93M / 28.7K / $66.28 = Apr
$1.80M / 28.5K / $62.06 = May
$3.30M / 46.0K / $71.08 = Jun > $348K Q-Loss
$3.40M / 46.4K / $71.58 = Jul
$3.70M / 47.0K / $76.60 = Aug
$0.00M / 00.0K / $00.00 = Sep > HOW BIG ?

Q1-2019 LOSS = $752K
Q2-2019 LOSS = $348K
H1-2019 LOSS = $1.1M

Q3-2019 LOSS = HOW BIG ?

WILL FY NET LOSSES BE OVER $1M ?
YES: They're Going To Be Way Over !!!

================================

LOSSES ~ DILUTION ~ DEFICIT

Q2 ~ 3 MONTH NET LOSS
3 Mos Ended 2018 = $203,129
3 Mos Ended 2019 = $348,448
270% More Losses Over 2018

H1 ~ 6 MONTH NET LOSS
6 Mos Ended 2019 = $439,165
6 Mos Ended 2019 = $1,100,421
250% More Losses Over 2018

MORE OS & DILUTION
Dec 31, 2018 = 352,315,147
Jun 30, 2019 = 425,630,944
6 Mos Increase = 73,315,797
20% Increase In Just 6 Mos

ACCUMULATED DEFICIT
EOY 2017: Acc-Deficit = $3.2M
EOY 2018: Acc-Deficit = $4.8M
Was A 50% Increase Over 2017
H1 2019 Already ---------> $5.9M
So Far 23% Increase Over 2018

================================

FOLLOW THE REAL DD

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151123629

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149632529

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148859194

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148092628

My Opinion Is The Only One That Matters
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