Replies to post #17425 on Progressive Care Inc (fka RXMD)

[The Market Maker]

Great Insight!!

[crookedneck]

I see no reason why $RXMD won't be trading at $.25 or higher in 6 months. It's simple math really and the fact that their debt should be gone by then. Cheers!

[osbuser]

Please remember around 1.4 mil in debt has been payed off so far this year and may be around 440k debt is left and will be payed off before eoy which is the only reason we are trading this low. Now is the time to load and wait till eoy to make bigger returns. Flipping is not the game with RXMD, wait and you make lots of money.

[stervc]

flemdog33, why the RXMD Debt is of No Concern...

The RXMD debt remaining to be paid from the 3(a)(10) Transaction is either gone or nearly gone to where it is minimal and should be of no concern in my opinion here with RXMD. Here's why.

Back on Sep 16, 2015 in the RXMD PR below, it was stated that RXMD had $585,000 in debt remaining to be paid from the 3(a)(10) Transaction:
http://finance.yahoo.com/news/progressive-care-issues-3-10-120000313.html

From reading this post below, since Sep 16, 2015, the burn rate for eliminating the $585,000 in debt was equated to be roughly around $10,000 per day as a worst case scenario as long as the price remained at .005 per share as a minimum with a minimum of 2,000,000 shares per day on average traded per day:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117287349

Since Sep 16, 2015, there was also around 25 trading days that would equate to around $250,000 being removed from the $585,000 in debt remaining. But wait, since Sep 16, 2015, there was a far greater average than the burn rate I just mentioned. The burn rate after researching through the volume history of RXMD below since Sep 16, 2015 is probably at least twice better which would be roughly a $20,000 per day burn rate:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117287349

This means that there was a minimum of $500,000 that should be deducted from the $585,000 in debt remaining.

This means that there is roughly around $85,000 in debt remaining; very likely less after you take into account the volume today. Regardless, this is not significant debt remaining. I think because of this, RXMD is getting ready to turn the corner for the better for good. Now I think all should read again, the RXMD news that was released today:

Progressive Care's Strong Third Quarter Brings Revenues to $10 Million
http://finance.yahoo.com/news/progressive-cares-strong-third-quarter-120000657.html

v/r
Sterling