Progressive Care Inc (RXMD)

[stockforce]

From the new 8-K, “The total number of shares of all classes of capital stock which the Corporation shall have authority to issue shall be One Hundred and Ten Million (110,000,000) shares, of which One Hundred Million (100,000,000) shares shall be designated as common stock, par value $0.0001 per share, and Ten Million (10,000,000) shares shall be designated as Preferred Stock. Of the 10,000,000 shares of Preferred Stock that the Corporation is authorized to issue, (i) Fifty-One (51) shares shall be designated as Series A Preferred Stock, par value $0.001 per share, having such designations, preferences and rights as described below; (ii) One Hundred Thousand (100,000) shares shall be designated as Series B Preferred Stock, par value $0.0001 per share, having such designations, preferences and rights as described below, and (iii) Nine Million Eight Hundred Ninety Nine Thousand Nine Hundred and Forty-nine (9,899,949) shares of undesignated preferred shares, par value $0.0001 per share.”

So they are starting a new round of 51 Series A preferred shares. Guess who will take over these 51 shares?

https://www.otcmarkets.com/filing/html?id=16297457&guid=bSl-kqOqQls2dth