Progressive Care Inc (RXMD)

[Spider Web]

Q1-2020~WILL~SHOW~LOSSES APRIL~SALES~ARE~WORTHLESS

" Buy The Rumor And Sell The News "

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

RXMD DOESN'T KNOW
WHAT THEY'RE DOING

1 Gimmicky Step Forward
Then 5 Kinky Steps Back

POOR MANAGEMENT
CONSTANT FAILURE

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

PROVIDING "SELECT" SERVICES

DOES NOT MEAN "ALL" SERVICES

This Is A Kinky & Clever Way
To "Suggest Something" That
Isn't Exactly What It Really Is

While RXMD May? Have A Current
Updated And Accredited License
For Rx-Prescriptions In "Texas?" ,
It Is Of A Great Assumption That
They Do So For The Other Listed
States, Which Most Likely Do Not

PROVIDING "SELECT" SERVICES
IS AN OPEN-ENDED STATEMENT
THAT IS VERY "LOOSEY-GOOSEY"


Reference 1
https://investorshub.advfn.com/uimage/uploads/2019/3/13/ikcsmRXMD_Locations.JPG
Notice The Clever And Kinky Statement
About Providing "Select" Services, LOL

Profits Are "Everywhere"
Just Nowhere To Be Found

Reference 2
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155476655
Of Course They Have A Florida License
Because That's Where RXMD "Is", LOL


RXMD Is Trying To Piggy-Back Off Of The
Confusing Implications That Are Stated
"Ever So Cleverly" In Their Two Previous
PR's, And Also On-Line Portal Website

Such Cross-Over Of "Non-Rx" Items" With
"Rx-Items", And Which Items Are Allowed
Or Approved In Which States, Is Left To Be
"Open-Ended Statements" With No Clarity

All Of Which Can Then Be Mis-Construed
As "Anything" The Reader Wants It To Be

------> Please"Sticky" This Post <------

DELAYS + FAILURES = LOSSES
What Was "April" ~ Is Now "Next Fall"

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

HERE ARE THE ONLY FACTS

Every Time RXMD Processes
A Prescription Or Sells Anything
This Is What Always Happens As
Revealed In "Audited" Financials

1) THEY LOSE MORE MONEY
2) THEY INCREASE DEFICITS
3) THEY CREATE MORE DEBT
4) THEY INCREASE THE SG&A
5) THEY DILUTE MORE SHARES
6) THEN EVENTUALLY R-SPLIIT

The Dirty Little Secret Is That "Revenues"
Mean Absolutely Nothing ... As They Are
The Cause Of Calamity Plaguing RXMD
LOL HA HA HA HA HA HA HA HA LOL

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* LOSSES ALWAYS DOMINATE *
THE ENTIRE RXMD FISCAL YEAR
REVENUES & SCRIPTS ALWAYS EQUAL
DEEPER AND DEEPER NET LOSSES

FY-2019
Revs / Scripts / $ Per Rx = Mo > Qtr Results
$1.90M / 31.0K / $60.28 = Jan
$1.70M / 26.7K / $62.46 = Feb
$1.75M / 27.0K / $63.66 = Mar > $751,973
$1.93M / 28.7K / $66.28 = Apr
$1.80M / 28.5K / $62.06 = May
$3.30M / 46.0K / $71.08 = Jun > $348,448
$3.40M / 46.4K / $71.58 = Jul
$3.70M / 47.0K / $76.60 = Aug Historical Loss
$3.10M / 42.0K / $73.10 = Sep > $880,777 !!!
$3.40M / 46.0K / $71.74 = Oct
$3.15M / 43.0K / $70.93 = Nov Pump-n-Dump
$3.10M / 45.0K / $66.67 = Dec > $524,830 !!!
FY NET LOSS = $2,506,028

Losses Now Over $2.5M <--- WOW !!!

[[:----- (((

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THE HULK SAYS . . .

" LOSSES ARE WORSE AGAIN "
" AND CONTINUE TO DEEPEN "

A 1,300% Increase In Losses Since
One&Only 2016 Fake-Growth-Spurt

---> 2016 NET INCOME = $209K <----
---> 2019 NET LOSSES = $2.51M <---

* 2020 WILL BE MUCH WORSE *

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THE HULK ALSO SAYS . . .

" FINANCIAL AUDITS REVEALED "
Every Time RXMD Sells A Prescription
They Just End Up Losing More Money

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

CRAZY 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
EOY 2019: SG&A = $8.99M <--- WOW !!!
85% Increase Since 2016


CRAZY HUGE DEFICITS
EOY 2017: Acc-Deficit = $3.2M
EOY 2018: Acc-Deficit = $4.8M
EOY 2019: Acc-Deficit = $7.3M <--- WOW !!!
A 128% Increase Over 2017
A 52% Increase Over 2018


CRAZY MEGA DILUTION
Jan 01, 2017 = 344,107,607 = Baseline
Jan 01, 2018 = 352,315,147 ~ 8M Never Stops
Jan 01, 2019 = 425,630,944 ~ 73M Pump Dump
Apr 01, 2020 = 449,509,254 ~ 24M So Far !!!
Total Increase = 105,401,647 <--- WOW !!!
31% Increase Since 2016 Pump

"On Average", The Losers At RXMD Have
Been Diluting Almost 3M Shrs Per Month
Over The Past 3+ Yrs = Mostly On Pumps

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

CHECK OUT ALL OF THESE
* H U G E ~ F A I L U R E S *
WHICH LED TO BIG LOSSES

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
By Shifting To "Local" 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: Stupid Tele-Pharm (Kiosks), LOL
-----> Then There Wasn't

Then There Was Going To Be Profits
From: Working With Mass Ventures, 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: Actions Against The Shorts, LOL
-----> Then There Wasn't

Then There Was Going To Be Profits
From: A Pouch Packaging System, LOL
-----> Then There Wasn't

Then There Was Going To Be Profits
From: Westchester Pilot Program, LOL
-----> Then There Wasn't

Then There Was Going To Be Profits
From: "Garners Coverage" Routines, LOL
-----> Then There Wasn't

Then There Was Going To Be Profits
From: "Keynote Speaker" Routines, LOL
-----> Then There Wasn't

Then There Was Going To Be Profits
From: "Presentation" Routines, LOL
-----> Then There Wasn't

Then There Was Going To Be Profits
From: Hiring "Another" PR Agency, LOL
-----> Then There Wasn't

Then There Was Going To Be Profits
From: A New Promotion To COO, LOL
-----> Then There Wasn't

Then There Was Going To Be Profits
From: "Another" Website Redesign, LOL
-----> Then There Wasn't

Then There Was Going To Be Profits
From: In-House Hand Sanitizer, LOL
-----> Then There Wasn't


And Remember Waaay Back ?
When They Said: "No Dilution" ?
-----> AND 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 There Was Big Talk About How
Margins Were Going To Kick In, 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
Always 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

LOL HA HA LOSSES HA HA LOL