Progressive Care Inc (RXMD): It’s most likely a block of shares being...

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Re: CaptHowdy post# 168845

Wednesday, 06/16/2021 8:15:11 PM

Wednesday, June 16, 2021 8:15:11 PM

It’s most likely a block of shares being sold by the note holder at a discount. For example, if the strike of the converts is 10% below a closing or average price, they could sell the t blocks at a 2-3% discount and capture a risk free spread.

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