Progressive Care Inc (RXMD)

[CaptHowdy]

Lower float stocks have fewer shares available to the public. Buying up the float wouldn't benefit RXMD at all (imo). In all my years of trading, I cannot recall ever hearing about a CEO doing that.

Doing so would create a scenario similar to that of a short squeeze, whereby if there is suddenly a demand for shares the price would rocket north quickly; due to the lack of unrestricted available shares on the open market.

Essentially, he would force an instance where the supply of public shares becomes dramatically lower, so when the demand increases the price goes up accordingly.