Progressive Care Inc (RXMD)

[SilentWolf]

Just a quick assessment from my perspective: First, and probably most importantly, remember until this starts trading next week, you really don't know what the reaction will be in the market. It won't help to torture yourself with negative thoughts over the weekend, or worse, do something foolish. Remember, it's only money.

Second, This will reduce outstanding to somewhere between 3-4 million shares (don't remember the previous actual outstanding number). If management has a plan, and they release some kind of roadmap next week detailing that plan, the stock may hold up, or even do well. You haven't lost any equity share, only bragging rights on holding millions of 3 cent shares. Keep that in perspective.

Third, there is a huge increase in authorized shares, which is the most troubling to me. If they would have reduced authorized in concordance with outstanding, it would have resulted in 5 million authorized. They did not do that, and the authorized is 100 million, which based on the RS is an astronomical increase. This indicates a significant dilution, if public offering/equity raise is to take place.

Maybe these people have a plan, that will benefit you in the long run. If they do, it certainly isn't being made available to shareholders, and the constant speculation is nonsensical. The new owners do have a large equity stake in this company, including common shares, so there is hope. As for me, I will just stay on the sidelines and see how this plays out.

I've always liked the company, and followed it closely, but like so many other investors, I want to know what management's general plan is, before I invest. Maybe we will see that next week