Progressive Care Inc (RXMD)

[INSTATRADER]

IMO RXMD is THE most important part of the NETE/MULLEN merger

No NETE divestiture - NO DEAL

NETE stands to gain the most from this deal closing

MULLEN gets a clean NASD listing

RXMD therefore is the only company that can move forward with no issue if there is a dead deal - and is receiving $13K/day to see it through

IMO throughout this process, the S-1 could have been amended in RXMD's favor as both other companies hold no bargaining chips

Deal dies that cash still comes to RXMD in a straight NETE/RXMD deal

Im looking for an RXMD negative here if we get another delay, hopefully someone shows it to me

Not talking about any short/long term SP price targets, Im talking about straight deal notes and 30-60 day execution potential if deal dies or 15 more days extended

1st delay was 3 months - January - March
2nd delay was 1 month - April
A 3rd delay is max 1 month and potentially 15 days

A 15 day delay could give NETE shareholders a month to vote and leave 2 weeks after the vote for RXMD to execute by 6/30

1 month delay would make it real tight

Dead deal only hurts NETE and MULLEN

RXMD holds all the cards and is removing debt while it collects cash (waiting) - not actually collecting cash, but cash it will get in addition to the deal already negotiated with NETE

Thats not taxable cash either.