Progressive Care Inc (RXMD)

[James salmon]

Ok info for you;

This is what happened.

“At year end, all public companies must do goodwill and intangible asset test to determine if they are reflecting the correct asset valuations
In RXMD’s case, the change of control required another review and valuation.
There are a number of inputs that go into the valuation including stock valuation (a big element here given the stock price decline), discounted cash flows from current and future contracts, value of assets, trademarks, patents, etc.”