Replies to post #17623 on Praxsyn Corp (PXYN)

[tutankhamen]

I gotta say, this company keeps making big-boy moves to get to where we know they can be. Rock solid, steady progress and with TPS all in, I wouldn't be surprised to see additional focus on those new 11 states in the next quarter.

[Drugdoctor]

Yes, this puts the ole "toxic" shorty scare tactic to rest... AWESOME


2) Agreements to pay down convertible debts without allowing their conversion into common shares. This is absolutely huge for me as I was honestly anticipating the full conversion of the "2007-2009 Converible Notes" and the "2012 Convertible Promissory Notes" to be converted to 100-150M common shares this past quarter. Instead there are new, very mangeable agreements to pay them down and 10% of the 2012 note had already been amortized by the end of Q3 and will continue to be amortized using cash over time. Beautiful!

--2b: The company has entered into a "Settlement Agreement and Mutual Release" with 4 separate note holders, which will benefit the company.

3) TPS Series D "incentive payments" are done with and will no longer bog down the balance sheet!

4) As part of the agreements in 2/2b, 40M of the increase in OS was done with restricted common stock (instead of them converting for 150M in the 0.03s). This also completely eliminates the remainder of any potential incentives to bring the share price down

[mc67]

3) TPS Series D "incentive payments" are done with and will no longer bog down the balance sheet!

.now that they got their shares they'll really focus on making the S/P go up.. right ? ..all those states to exploit..