InvestorsHub Logo
Followers 10
Posts 265
Boards Moderated 0
Alias Born 09/16/2012

Re: price_and_volume post# 144311

Friday, 08/14/2020 7:32:16 AM

Friday, August 14, 2020 7:32:16 AM

Post# of 194975
okavango, I have a different view on that. If I was a RXMD exec, I would rather pay money for stock promos in stead of buying 100000 share ($5000 worth) from time to time. The effect of spending a few thousand dollars here and there does not last long. You want to keep the price up so that the conversion rate is better for the company for their debt and also attract more people to sustain the price. I think it is a better solution for a small company like RXMD since they don't have tons of money to sustain the price by buying back shares continuously. To me, it makes sense. You don't want to see the price drop rapidly. Especially OTC is a wild place. It is hard to sustain a good price level unless you are super-successful. If you believe what they have done so far, you cannot just stereotype RXMD as a typical OTC company that uses paid promos to sell shares. The OS count has not increased as some people claim. RXMD can minimize future share increases when debts are converted if the price level is sustained. I don't want to blindly support RXMD, but I think they have been executing their business plan to implement their business model steadily. IMO.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent RXMD News