Progressive Care Inc (RXMD)

[MoneyForNuthin]

No, I'm sorry but YOU are wrong. This easily verified, just look it up in the proxy notice. If you were holding any shares on the record date of October 23, you should have the proxy notice that states explicitly how it works:

Vote Required and Recommendation of the Board of Directors
Approval of this proposal requires the affirmative vote of

(i) a majority of the outstanding common stock as of the record date, and
(ii) a majority of the voting power of the common stock and preferred stock as of the record date voting together as a single class at the Special Meeting at which a quorum is present. Abstentions will have the same effect as a vote against this proposal and broker non-votes are not expected to occur.

THE BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE “FOR” THE APPROVAL OF AN AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO EFFECT A REVERSE SPLIT OF OUR COMMON STOCK.