Progressive Care Inc (RXMD)

[TrackDude]

My perception after the last few calls is that everything they want to do is dependent upon uplist and getting that capital raise. They just don't have the sufficient cash flow right now to accomplish their big picture operational goals

It sounds to me that upon uplist they do plan to pay off the convertible debt, expand their state licenses beyond the current 14 states, continue the acquisition/merger process and expand other operations. I think the main reason we haven't seen any acquisitions the last 3-4 years is because they probably would have needed to take another convertible loan and that would have been an absolute riot among investors.

I'm as upset about the price as the next person, but the reality check to me is that we're probably not going to get any big news prior to uplist. Jay did mention today on the CC that they were still technically in a quiet period so even if they did have some big plan(s) lined up, it doesn't like they can share specifically anyway. It's a bit of blind faith at this point unfortunately. The only big news that I could see happen prior to uplist that could help propel the price is getting a new CEO.

I'm also disappointed that the fully SEC Reporting news didn't have a bigger impact for the price. I've been around here long enough to have seen several comments over the years saying that they could not and would choose not to ever achieve that status again. It took longer than I would have liked, but they got it done.