Progressive Care Inc (RXMD)

[stockforce]

Before adding a little bit more juice, this whole post is pure speculation, nothing but speculation based on the facts that can be found by anyone.

On May 6, 2020, Net Element released a PR specifically talking about spinning off their e-commerce business. This was right around the time when Progressive Care was preparing their draft version of the S-1. By the way, Progressive Care has been very actively trying to get into e-commerce business in recent years.

Oleg Firer says: "As part of this process, the Company (Net Element) will evaluate all potential options for its business, including sale, licensing of technology, spin-offs or business combinations."

https://www.globenewswire.com/news-release/2020/05/06/2028630/0/en/Net-Element-to-Explore-Strategic-Alternatives-for-its-Business-to-Unlock-Shareholder-Value.html

What can you make out of these?