Progressive Care Inc (RXMD): I think they're being bought out. Th...

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Progressive Care Inc (RXMD)

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Re: Decatsmeow post# 172953

Tuesday, 10/12/2021 11:33:07 AM

Tuesday, October 12, 2021 11:33:07 AM

I think they're being bought out. They'll net a large pot of commons to sell slowly for life, but they can't sell many all at once or they'll tank the stock and subsequent sale will lose power. The company will then reissue Class A shares, perhaps under modified terms, to new owners. There will be 0 outstanding but original amount fully authorized when this change occurs.

The interesting question I don't understand why anyone's not asking is, why is the company pursuing $23m in cash? I, for one, am interested to see what they're planning to do with this Shift-4.

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Recent RXMD News

Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 07:54:25 PM
Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 04:38:35 PM
Form 8-K - Current report • Edgar (US Regulatory) • 11/14/2023 04:16:29 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/23/2023 01:40:42 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/23/2023 01:34:02 PM
Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 10/23/2023 01:20:59 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/20/2023 04:05:24 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/20/2023 04:04:51 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2023 01:40:09 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2023 01:37:47 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2023 01:35:39 PM
Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2023 04:14:11 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/11/2023 08:54:39 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/11/2023 08:51:22 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/11/2023 08:49:13 PM
Form 8-K - Current report • Edgar (US Regulatory) • 07/21/2023 07:30:25 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/30/2023 09:34:34 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/30/2023 09:33:46 PM

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