Progressive Care Inc (RXMD)

[stockforce]

Transcript of the Interview on S-1 Filing Status. A major merger is everywhere in this speech. Read it carefully. I believe they will announce the Big Merger in 2 weeks, and then will formally file S-1 in 3 weeks.

https://www.smallcapvoice.com/6-22-20-smallcapvoice-interview-with-progressive-care-inc-rxmd/

"So we have a draft of S-1 prepared, and we had a plan to go to the SEC, we had this plan for about a year. In April when we were retooling, our attorneys and a group of banking consultants suggested a new opportunity for us. They really advised us that given that our vision is much larger than just registration with the SEC, and then we really want to begin the process of creating our own technology platform, synthesizing our expertise in the code. We really should be very offensive with S-1, and not just going in an incremental way, while safer and will yield the effectiveness in its due course, they really think that we have an opportunity to do something bigger. That means a whole lot of more work for me, whole lot of more work for my staff to begin to take what could have been a 80 page document and turn it into a 180 page document. And so we are in that process of really being offensive, we are being ambitious, we are being bull, and trying to deliver our best outcome. You know there’s a little bit more risk to this because it does take more time, but the reward we think will outweigh that risk because we will be able to get something done this year rather than next year. That’s really what we are at with it. We have a lot of pieces, lot of moving parts with S-1 that have come to play in the last month or so, and I just finished a trip to Orlando to really solidify all the plans and all the business perspective ideas for the S-1. Now we are putting all that into the document.

I know that my shareholders are very eager, very anxious to have this filing come out, and I said this in my earnings call, and i wrote a letter about it. We really want the S-1 to be almost like a coming-out party. We want it to be a substantial document that really outlines the future of the company, and really delivers the value that we think it has. If we tried to rush the process, then we missed out on an opportunity that has presented itself in the last couple of months. We really had this rare moment to take advantage of our bold ideas and that’s where we want to go. I would hope our investors, and our listeners are keeping up with us. We are gonna try to put a roadmap and a tracker on our website so they keep track of where we are. My entire team is working nights and weekends as much as they can to get this out as soon as possible. So this year is the year. We are looking at probably having the filing out before the end of July, which means we are revising this entire document in less than three weeks. It’s a good thing. I’m glad that the people that know us, the people that support us and believe in us are challenging us to do this. This is worth it. So I would hope that everybody listening can just bear with us for a little longer."