Progressive Care Inc (RXMD)

[INSTATRADER]

RXMD/NETE/MULLEN SPECULATION FOR YOUR PERUSAL

*First - as we are reminded daily - its just SPECULATION that NETE has anything to do with RXMD - nothing more than its CEO is on the RXMD board and they operate in MIAMI*

Stockforce saw it a mile away through DD on personal relationships, and previous CEO statements

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156530384

The reason this idea of a triangle of companies doing a pretty complicated deal still makes sense, is the brilliance of it

All 3 companies win handily...

MULLEN gets a clean NASD listing - easy win

NETE shareholders get the MULLEN company and RXMD shares - easy win

NETE has most to gain by the deal closing, and therefore would be in a less desirable position as far as negotiations with RXMD on the divestiture go.... RXMD doesnt need NETE to go NASD and NETE stock was $2/share last May, just before the MULLEN deal was announced... that put its market cap at just $10.4M at the time they were negotiating with RXMD




What I believe im realizing, and tell me if im wrong here, is that this MULLEN penalty cash is all coming to RXMD...

NETE is NOT going to be a publically traded company anymore UNLESS they spin off a portion of their current business before trading the rest for RXMD shares - and take it OTC - and MULLEN isnt paying penalties to itself so that $ is ours

RXMD had a similar MARKET CAP to NETE last MAY and has somewhere on the order of <440M shares (post debt payoff) to give NETE for its remaining payments business...

The question is whats it worth on a share:share basis?

At the time of negotiations, RXMD/NETE market caps were similar and NETE was headed to a possible downlisting while RXMD was working on its old S-1.....

The market cap today of NETE and RXMD are also almost the same, eerily....

IMO RXMD is going to get a better deal from NETE than we all may be expecting -

Im confident of that as we continue to add to the OS - dropping our debt in the face of that share:share deal they worked out last year

Now remember Shital said the investment bankers came to RXMD with a "much larger deal" around APRIL last year and look at NETE chart in MAY/JUNE last year...

NETE needs this deal badly, and MULLEN is paying $13K/day imo to RXMD to not have to start this all over again

RXMD needs NO ONE to go NASD and get the funding they need to blow this shit sky high - they take the cash to wait it out

Guys tell me im wrong, but a delay tomorrow which I put at 50/50 pays us $13K/day as MULLEN isnt paying penalties to itself and there will be no more current NETE to park it without an additional divestiture

Blowing it out big picture....

This all looks like a giant fully orchestrated behind the scenes deal - Market caps for both companies are virtually UNCHANGED in relation to each other since last year ~$10M then to ~$60M today for BOTH

RXMD will have a tiny amount of relative debt going in, and the NETE debt is an albatross on its negotiating power

Try to look at everything here to see why im understanding more about why RXMD has been soo patient here....

IMO PAYtience PAYS