Progressive Care Inc (RXMD)

[Spider Web]

SUPER~DOOPER~THIN ALL~THE~WAY~DOWN

The Micro Tick-By-Tick Observations Have Not Been Helpful And Won't Be Helpful As The Days, Weeks And Month Pass On By ... The Destiny Of RXMD Is Lower, As The Technical & Fact-Based Fundamentals Have Not Changed One Iota.

While The Real Bulkowski "Percentage Of Failure Statistics" And "Volume Support" Are Ignored By Amateur Chart Readers ~ Not Too Mention That The Typical OTC Stock Rarely Coincides With Any Technical's At All ~ Such Misread Technical's Are Usually "Taken Advantage Of" And Then Used As A Clever "Telegraphic-Set-Up" By The Professionals.

This Is Often Times Done In Order To Confuse "Nervous-Nellie Amateurs" With "Set-Up-Head-Fakes" ... While The More Experienced Traders And Shorts Take Advantage Of All The Pandering Perceptions Related To The Never-Ending "Hopes & Dreams Drama" That Is Consistently Perpetuated By The Aforementioned "Nervous Nellies".

As Stated In Earlier Posts, Further Deterioration In The Share-Price Will Continue ... So The Correct Interpretation Of Technical's Were Right All Along While Other Types Of Reads Were Misleading, Inaccurate And Unreliable

And Of Course, The Fundamentals At RXMD Have Been Lacking For Years, As They Are Currently Doing So And Still Getting Worse.

Investors Must Respect "Professional Technical Analysis" And Avoid Amateur Misinterpretations ... Such As Those Imaginary Takes On Triangles And Candles, Etc.

RXMD HAS BEEN AND WILL
BE A LOSING INVESTMENT
AS SAVVY INVESTORS AND
TRADERS SOLD LONG AGO

-------------> R X M D <-------------
*** S L I P P I N ~ I N TO ***
*** D~A~R~K~N~E~S~S ***

LOSSES~DELAYS~DILUTION
DEBT~DEFICITS~INSTABILITY
GIMMICKS~FAILURES~R-SPLIT

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

TRYING TO RATIONALIZE
THE POOR PERFORMANCE
OF A LITTLE KRAP STOCK
AS SOMETHING: "TYPICAL"
IS ALL THAT'S LEFT TO TRY
AND EXPLAIN AWAY A STOCK
THAT IS LOSING MONEY AND
GEARING UP FOR A BIG SPLIT
* AS IT STAIR-STEPS DOWN *

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

* RXMD GARNERS MORE CRAP *
All That This CEO Seems To Be Doing
Is Typing In "Zantac" On Google And
Then Reciting It Back In An Interview
THAT'S NOT NEWS ~ HA HA LOL
ANYBODY CAN DO THAT !!! ~ LOL

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

STAIR-STEP PATTERN CONTINUES
UP A LITTLE ---> THEN DOWN A LOT
AS SP PREPARES TO BREAK DOWN

The Market Has Spoken And Continues To Speak ... RXMD Stock Is In Full Blown Collapse Mode ... Charts, Trends And Indicators Have All Been Signaling This DOWNWARD-SLIDE For Well Over A Year And A Half And Shows No Sign Of Letting Up

Each Move Downward Is Confirmed By Weaker Fundamentals And Stronger Sell Signals Which Are Reinforced By The NO-WIN SITUATION Of Applying More Useless Old Stories And Worthless Gimmicks ... As Flavor-Of-The-Day Tricks Have Run Dry Like All Of Those Previous Used-Up And Worn-Out "Shinny Objects" That Have Fallen By The Wayside Never To Be Heard Of Again

Savvy Investors And Traders Have Seen The Signs And Have Either Eliminated Holdings Altogether Or Considerably Pared Them Down As LOSSES START TO OVERWHELM Even The Longest Of Longs

The DOWNWARD STAIR-STEP FORMATION Is Clearly Visible To Those Who Can Read Charts And Understand Technical Analysis ... Proprietary Indicators Will Once Again Go To Work And Signal Even Lower Prices

STAY CLEAR OF RXMD STOCK

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

SEPTEMBER WAS A BIG
MONTH OF NEW LOSSES
-------------> KRAP <-------------
THE BLOATED OTC KING
THE GEM OF BIG LOSSES

THE ONLY RXMD THINGS
THAT ARE: "LONG TERM"
---------------> ARE <---------------
LOSSES AND DILUTION
INSTABILITY AND DEBT
DEFICITS AND FAILURES
STORIES AND GIMMICKS
AND A REVERSE-SPLIT !!!

There Are No: " Positive PR's "

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

CHART SAYS ANOTHER
STEP DOWN IS COMING

AS ANOTHER DEATH SPIRAL
OF HUGE LOSSES EXPANDS

The Big
" Out-Of-State-Expansion "
With Their BIG
" Out-Of-State-Licenses "
Turned Out To Be A BIG
" Gimmick-Of-Propaganda "
That Morphed Itself Into A BIG
" Nothing-Burger-Of-Huge-Losses "

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

MORE CLASSIC RXMD TRICKS

RXMD "Associates" Always Implied That
There Was "No Way" There Would Ever
Be Any Dilution: "But Then There Was" !!!
So They Then Had To Pretend Like :
" It's A Good Thing " . . . LOL !!!

Then They Said There Was "No Way"
That There Would Ever Be Any Increase
In Authorized Shs: "But Now There Is" !!!
So They Again Have To Pretend Like :
" It's A Good Thing " . . . LOL !!!

And Then They Always "Ignored & Danced
Around The Fact" That Losses & Deficits
Were Increasing At An Alarming Rate And :
"They Are Still Increasing To This Day" !!!
So Again They Have To Pretend Like :
" It's A Good Thing " . . . LOL !!!

Now They Say That There Is "No Way"
That There Will Ever Be A Reverse-Split :
But You Just Know That There Will Be !!!
So Now They'll Have To Again Figure Out
Another Way To Pretend Like That Too :
" Is A Good Thing " . . . LOL !!!

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

WOULD NOT TOUCH THIS
WITH A TEN FOOT POLE

----> Chart Says Another <----
* W ~ A ~ R ~ N ~ I ~ N ~ G *
---> Leg Down Is Coming <---

It Is Inevitable That A Reverse-Split
Is Going To Happen At Some Time

This Compounds The Already Existing
Huge Risk Associated With Big Losses
And The Need For Continuing Dilution
"And / Or" Convertible Toxic Notes

Warren Buffett Believes
That Patience Is A Virtue

Smart Investors Will Only Risk Capital
After A Reverse-Split Plays Out And The
Short-Market Forces A Real Capitulation

Only Then Would It Be Safe For Any Trader
Or Investor To Take Such A Risk Into The
Ensuing Bottom Of A Dead Cat Bounce

Patience Can Only Save A Lot Of Grief
Especially When High Risk Is A Factor

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

CHECK OUT THIS ANALYSIS

Here Are Some Factual Data Points
In Which The Nervous Nellies Have
Declared Huge 'Accumulation' And
Big 'Bid Support' Along With Perfect
'Chart Analysis' All Claiming That A
'Bottom Reversal' Was At Hand, LOL

Factual Data Points
26 & 25 & 24 & 23 & 22 & 21 & 20
19 & 18 & 17 & 16 & 15 & 14 & 13
12 & 11 & 10 & 09 & 08 & 07 & 06
05 & 04 & 03 ---> ---> ---> ---> --->
And Now All The Way Down

Looks Like All That "Hope Analysis"
Has Not Been Working Out So Well !!!

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

SEEMS LIKE EVERYONE HAS
BEEN TAKING THEIR PROFITS
~ ALL ~ THE ~ WAY ~ DOWN ~

And What Is Needed In
Order To Take Profits ?
Well ... There Needs To Be
"Some Buyers" Of Course

And How Are "New Buyers" Found
When Fundamentals Have Failed ?
Well ... Possibly By Using Old Stories
And The Same Worthless Gimmicks

So Why Would Comparisons Be Made That
RXMD Is Going To Be The Next "Rite-Aid" ?
Well ... Possibly To Get People Buying
In Order To Help Slow Down A Sell-Off

And Why Would Comments Be Made
That RXMD Is Going To Be Another
In A Series Of 1000's Of Others All
Claiming To Be "The Next CBD God" ?
Well ... Possibly To Get People Buying
In Order To Help Slow Down A Sell-Off

And Why Would Statements Be Made
That Reverse-Splits Will Not Happen ?
Well ... Possibly To Get People Buying
In Order To Help Slow Down A Sell-Off

A BIG CHANCE CAME FOR SOME
$0.26 ---------------------------------> $0.00
WHILE OTHERS BLEW IT FOREVER

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

THE REAL DATA
THE REAL FACTS
THE REAL NUMBERS

Facts Stated In This Report Are
100% Completely Accurate
Be Careful What You Wish For

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

LOSSES CONTINUE TO DEEPEN

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

900% Increase In Net Losses
From "1 & Only" 2016 Growth-Spurt

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

3RD QTR 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

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

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

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

LOSSES ~ DILUTION
DEFICITS ~ EXPENSES


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 2018 = $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


S G & A EXPENSES
( Selling, General & Admin )
EOY 2014: SG&A = $2.1M
EOY 2015: SG&A = $4.1M
EOY 2016: SG&A = $4.8M
EOY 2017: SG&A = $5.3M
EOY 2018: SG&A = $6.2M

H-1 2019: SG&A = $3.4M ~ So Far

EOY 2019: SG&A = HOW BIG ?

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

CHECK OUT ALL OF THESE
* H U G E ~ F A I L U R E S *

First There Was Going To Be Profits
From: A Robotic Script Dispenser, LOL
-----> Then There Wasn't

Then There Was Going To Be Profits
From: "Out-Of-State" Expansion, LOL
-----> Then There Wasn't

Then There Was Going To Be Profits
From: Smart Medical Alliance, LOL
-----> Then There Wasn't

Then There Was Going To Be Profits
From: Compounding Scripts, LOL
-----> Then There Wasn't

Then There Was Going To Be Profits
From: Stupid Redundant Kiosks, LOL
-----> Then There Wasn't

Then There Was Going To Be Profits
From: Gimmicky Little Bitcoins, LOL
-----> Then There Wasn't

Then There Was Going To Be Profits
From: Opioid Crises Education, LOL
-----> Then There Wasn't

Then There Was Going To Be Profits
From: Cannabidiol-CBD Oils, LOL
-----> Then There Wasn't

Then There Was Going To Be Profits
From: Margins That Never Came, LOL
-----> Then There Wasn't

Then There Was Going To Be Profits
By Shifting To "Local" Expansion, LOL
-----> Then There Wasn't


And Remember Waaay Back ?
When They Said: "No Dilution"
-----> THEN THERE WAS, LOL !!!


Then Promoting Useless Things Like
"Audits" Were Suppose To Help, LOL
-----> But That Did Not Help

Then There Were More "Free Shares"
To Maybe Replace Higher Salaries, LOL
-----> But That Did Not Help

Then The Price Per Script Started
To Quickly & Measurably Decline, LOL
-----> And That Does Not Help

Then The Price Per Script Became
30% Lower Than May 2017 High, LOL
-----> And That Does Not Help

Then It Appeared: Nothing Was "Retail"
Because It's All Below "Wholesale", LOL
-----> And That Does Not Help

Then The Bus-Model Proved "Broken"
Because Nothing Makes A Profit, LOL
-----> And That Does Not Help

Then The Accumulated Deficit
Started To Rapidly Increase, LOL
-----> And That Does Not Help

Then There Are Those Losses
That Keep Doubling In Size, LOL
-----> And That Does Not Help

Then There Are Those Increasing
Debts And Expanding Deficits, LOL
-----> And That Does Not Help

Then There Is That Growing Dilution
Soon To Be Ramping-Up Again, LOL
-----> And That Will Not Help

Then The Increase In Authorized Shares
Before An Impending Reverse Split, LOL
-----> And That Will Not Help

Then There Are All Of Those Embarrassing
Old Stories And Worthless Gimmicks, LOL
-----> Which Never Helps At All

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

* * * * 3RD QTR NUMBERS * * * *
* * * * WILL BE HORRIBLE * * * *

LOSSES + DEBT + DILUTION + FAILURES
INSTABILITY + DEFICITS + HUGE SPLITS
AND WORTHLESS STORIES & GIMMICKS

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

OPEN ENDED STATEMENTS
THAT AMOUNT TO NOTHING

The Latest "PR" Again Abuses The
"Forward-Looking Statements" Clause

It Was Ridiculous And So Full Of Holes
That Every Statement Can Be Debated
And Refuted As Being Totally Worthless

*** AMATEUR TIME AT RXMD ***

RXMD Has Done Absolutely Nothing
To Increase Shareholder Value And
Still Plays The Same Old Story-Game
While Pushing The Same Worthless
And Useless Worn-Our Gimmicks

And Trying To Correlate The Chart As A
Way To Suck In Buyers Is Another Total
Failure As Was The Failed-Pincher And
Now The Failed-EW4/5 & MA's, LOL !!!

RXMD Is Years Away From Even Getting
Close To What They Are Trying To Cram
Down The Trapped Shareholder's Throat

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

MORE DECEPTION
THRU PERCEPTION

RXMD Insiders And Executives
Have Nothing To Show From All Their
Used-Up Stories & Worn-Out Gimmicks

S o o o . . .

The Only Thing Left For RXMD To Do Is
To Play-Poker By Throwing Good Money
After Bad By Hiring Another P&D-Scheme
Because They Just Don't Have The Goods

A n d . . .

Nobody Associated With RXMD Has Fun
You Can Bet Your Sweet Bippy On That

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

MAYBE THIS IS WHAT RXMD
SHOULD TRY TO DO NOW !!!

BECAUSE RXMD NEEDS ANOTHER
* * * FLAVOR OF THE DAY * * *
LOL ---> LIKE REALLY BAD <--- LOL

The RXMD CEO Should Take Another Fashion Vacation And Travel The Country-Side, And Maybe Canada Too, Looking For A Cheap Candy Manufacturer Who Is Also A Distributor ... And Then Sign A Non-Disclosure Agreement Deal That Says RXMD Can Pretend Like They Have Another Subsidiary "That Makes Them Look Like" They Are Now In The Candy Business ... And That The Candy Can Have "RXMD Wrappers" On Them ... And Then RXMD Can Talk About How "Their Candy" Is Constantly Being Tested And Meets The Strictest Guidelines

Which Has To Be Done Anyway Because They Are The Only Established Guidelines That Already Exist For Everybody In The Candy Business, LOL

And Then Maybe They Will Have A Chance To Sell The Candy And Make A Profit Before This Coming Halloween !!! ... Then They Can Then Talk About That While The Rest Of The Company Goes Bankrupt ???

BUT THEY NEED TO DO IT QUICK
BEFORE HALLOWEEN GETS HERE
BECAUSE THIS MAY BE THE ONLY
CHANCE THEY WILL HAVE BEFORE
THE NEXT HALLOWEEN IN 2020, LOL

This Might Give Trapped Investors
Something To Look Forward Too,
And Might Give Them The Chance
TO-GET-OUT Before It's Again

!!! ---> WAY-TOO-LATE <--- !!!

And If Anyone Wants To See All Of The
"Latest Major Updates" ... Just Check Out
All Of Those "Huge Failures" Listed Above

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

PRICE REQUIREMENT
FOR NASDAQ LISTING

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

All Depending On Meeting
Each One's Specific Criteria

However, The Issue Is
* V A 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 Satisfy And Enrich
Any "Associated Third Parties" . . . LOL !!!

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

--------------> R X M D <--------------
* IS ~ S L I P P I N ~ I N TO *
D ~ A ~ R ~ K ~ N ~ E ~S ~ S

*** 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 *

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

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