Progressive Care Inc (RXMD)

[holt69]

Not quite that bad, but also not good. If we merge when NXPL is trading at current levels, it'll be as if we're getting around $1.80 per share. ($1.22 NXPL share price x 1.48 conversion).

Reverse split was at $5.90.

We'll need to see a 328% increase in stock price to get our value back to where it was when the reverse split took place.

If you've been here long enough, you know the price was already down a lot when Charles did the reverse split, all do to his handling of the company.

So it's not as if a 328% gets us up to a respectable level. It gets us back up to the low point where the RS took place.

A $5.90 share price puts us at a market cap of north of $165 mil. You think we'll be vastly undervalued at that point?

We. Got. Fucked. Our upside is being wiped away in this merger.