Replies to post #38932 on Praxsyn Corp (PXYN)

[Drugdoctor]

Nonsense - re" no significant rise in share price until this looming lawsuit ends in a positive win for Praxsyn."

The lawsuits are just footnotes in the filings, and will not change results for any quarter this year, as these kinds of things could take years to settle in a court of law.

So the REVENUES AND NET PROFITS are the major drivers of share price for the remainder of this year and up until mid-year next year, imo...

Praxsyn is in EXPONENTIAL growth mode, and is in ACQUISITION mode now, so the only way any lawsuit could effect PXYN this year, would be if PXYN and TPS settle, which is what I believe will happen, but any settlement that PXYN would accept would have to be neutral to POSITIVE for earnings...

GLTY

[namtae]

Glad you said it

Why else would a "legitimate" company go public but to generate working capitol to grow their operations

Agreed!! Yet we see PXYN didnt go public to generate working capital... They are unbankable, as you pointed out and havent raised capital

as it seems they cant get bank financing

Therefore they fail to meet the criteria you laid out for a legitimate company to go public.

However, they do meet the criteria to go public for a stock selling scheme:

100s of millions of shares entering the market by SHELL HOLDERS stuck in the predecessor company..

An outrageously termed deal for a "LEGITIMATE COMPANY" to make with an otc shell...giving up 76% equity ownership

Glad I could help

PS/ Working capital is current assets - current liabilities