Progressive Care Inc (RXMD)

[SamBamMailroom]

Good conference call.
Good results.

They didn't deny the merger.

Really was surprised they almost went out of there way to give us as much information as possible, both via their comments and the many, many questions they answered after the official remarks.

Only negative is they downgraded their $50m revenue estimate down to $45m.
Weinsberg didn't say he wasn't the temporary CEO, just rambled on about how honored he is to be Ceo...SURE, whatever Alan.
Confirmed need for reverse stock split, but no surprise there - they have to split, just a matter at what ratio.

Much more professional call this time - they seemed to have gotten the message from us shareholders that we want information.

"A more diversified health services company" is what they want to be, move away from the traditional model. Does that mean merger, or just continue on with their plan? INteresting.

Very good call - I'm pleased with what I heard.

What does everyone else think?