Progressive Care Inc (RXMD)

[MoneyForNuthin]

Yes, as a matter of fact. There are definitely many cases but one is right under your nose, so to speak. I cannot remember the last time AVXL was not on the most read boards list.

Here's a brief summary of the AVXL case example R/S and Nasdaq uplift from OTCQX in 2015 -

The company began planning for it at the beginning of the year (2015) when the pre-split price was in the range of $.15 to $.20. The price grew all year long and by the time of the formal reverse split announcement in early October, was in the range of $1.50 to $2.00 pre-split. The split was 1-for-4 and was effective the very next day after the announcement, when the stock initially dropped to close at about $5.80 ($1.45 pre-split) from the prior day's close of $7.60 ($1.90 pre-split). So it lost about 23% that day. The price then totally recovered after 1 day, and further rallied to a high of $15 just a few days after the Nasdaq listing became effective, about 3 weeks later.

So... correlating where we are today with RXMD, AVXL was in the range of pps= .15 to .20 when plans were initiated for the Nasdaq uplisting. The stock price then ran over 8-9 months to roughly 10x the initial value just prior to the R/S, and then doubled again over the next 20 days, setting up for the first days of trading on Nasdaq.

(refer to the charts below)
(AVXL press releases with final/formal announcement of R/S and also NASDAQ listing follow the charts below)

AVXL did then pull back, as most do after IPO, but settled solidly into the $6 to $8 range, which was still multiples of the original price. The price is STILL around $4 to $6, still trading on Nasdaq, and the company is doing very well. Very well, in fact, for a biotech that STILL has ZERO REVENUE. RXMD has MUCH revenue and is growing rapidly! And can do so more effectively and with access to much higher quality funding when on a national stock exchange!





https://www.anavex.com/anavex-prepares-for-uplisting-to-nasdaq-announces-reverse-stock-split/

https://www.anavex.com/anavex-announces-uplisting-to-nasdaq/

https://www.anavex.com/anavex-commences-trading-on-nasdaq-today-to-ring-fridays-closing-bell/

Chart:

https://www.stockscores.com/chart.asp?TickerSymbol=AVXL&TimeRange=10000&Interval=m&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=None&Band=BB&avgType1=SMA&movAvg1=50&avgType2=SMA&movAvg2=100&Indicator1=RSI&Indicator2=AccDist&Indicator3=SStoch&Indicator4=MACD&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen