Replies to post #25581 on Praxsyn Corp (PXYN)

[Lighthouse]

agreed... It seems hard for some to understand that nationwide PPO is a MUCH better deal for PXYN than Cali WC. The fact that they are mutually exclusive yet cumulative in each Q should show some nice numbers for a solid growing company. Another nice post.

[namtae]

The real DD

Yesterday was posted

Net Revenues (Actual top line): $4,000,000
Cost of Sales (Estimate based on previous 10-Q): $ 452,487
Gross Profit: $3,547,513

Operating Expenses:
Selling and marketing - non stock-based: $2,200,000
Income (loss) $1,347,513

Today;

Under PPO, they are 55% for NHS reps and 9% for NHS collections and adjudications or 64% of gross PPO sales.

Therefore 64% would equal $2,560,000, not $2,200,000

In addition, the above numbers skate over other operating expenses beyond just selling & marketing, as Im sure you already knew.

Where's General & Administrative???

Also, this is not INCOME, its "operating income" once you deduct General & Administrative expenses which were conveniently left out..

To reach Net Income, deductions for all non operating expenses must be calculated into the equation before arriving at a legitimate figure...

Amazing

[cdhames]

That's about where I'm at also. 2 sales channels are better than 1. If PXYN can't negotiate better terms, I say go with the old terms.

Just one more reason why I believe negotiations are still on the table. They had an opportunity to renew the contract and continue WC sales but chose to renegotiate. If discussions went sour, I don't see why they couldn't just return to the original contract terms. After the sort of exponential year PXYN and TPS have had with each other, there's just no sound reason to end business relationships. And TPS was getting the fat end of the stick which implies at minimum, that prenegotiated terms are in their interest. There's more going on here.

If they allowed the TPS contract to simply get away from them (got too greedy) then put simply, that's just gross incompetence. There would be no other words for it.

I've been opinionated on their lack of strong public leadership and fixes to their balance sheet, but I'd be honestly surprised if they revealed the kind of core weakness a collapse in negotiations would imply. I just don't think we're there. I've always believed these guys were in bed with each other, and still think this is true. There's a lot more going on here than we can see.

[tutankhamen]

Excellent post...in a nutshell that is it...

[dippyfloppity]

Indeed, coming up to 10k will likely set us at a higher bottom from here. In the waiting period for Q1 I hope to see another PPO sales update for March released in early April.

The Q1 will reveal a very nice glimpse of PXYN's future on how much they are going to be able to actually collect from PPO and WC without TPS. However, I never claimed that TPS is done with because as of the latest filing, PXYN still states that they are in negotiations. Whoever is claiming otherwise if full of it.

If we can come to some sort of an agreement, for better or current terms with TPS before Q1 release, then that would be icing on the cake as we could see new realized gains in Q2.

Exciting year for PXYN as they are starting to identify themselves as a public company powerhouse.