Replies to post #17299 on Praxsyn Corp (PXYN)

[OhManIDied]

No one here ever expected it to go straight up.

The 10-Q hasn't even dropped yet. These are normal profit-takers, which is easy to understand, since the price has more than doubled in the past month.

Answer to question below: Because the net revenue is worth 47% of gross - accounting for much of that number and they need cash flow until they are profitable and setup their own in-house collections department... interestingly, both of these prerequisites have just happened for this newly-public company.

why do you think they pay factors 70-75% of their receivables for cash?

PXYN

[Nomad505]

PXYN, now UP for the day.

I'm pretty sure that several members have tried to explain the factoring. They've even provided verifiable information.

Obviously, you're not willing to listen to reason.

Why not simply move on?