Progressive Care Inc (RXMD)

[stockforce]

“A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes.”

https://www.investorwire.com/newsarticle/?qmstory=8257342069024416

https://ir.nextplat.com/news-events/press-releases/detail/105/nextplat-corp-announces-inclusion-in-the-russell

It's hard to imagine they added NXPL to the Russell index not knowing they are spinning off the telecommunications business, which accounts for 100% of their current revenue. LOL. Taking that away, what actual value does NextPlat still have? Obviously, Russell index committee was not bothered at all. Time to invest in RXMD, because Progressive revenue will replace their telesat revenue and will make up of the majority value of the new NXPL.