Replies to post #46083 on Praxsyn Corp (PXYN)

[namtae]

Let's stipulate the terms of the agreement are as youve represented.

Mesa shall pay NHS monthly scheduled flat fee payments totaling $120,000,000 over the term

So month one PXYN pays NHS how much? Do you know?

Let's also look at month 2, Mesa determines they want to terminate. They give NHS 30 days notice to terminate which adds the next 30 day payment due.

Termination date arrives, how much in total has Mesa obligated itself to pay NHS? Do you know?

Also, do you know PXYN operates at a significant working capital deficit and is in no position to make a windfall payment in the millions?

So tell me how PXYN/Mesa survives even an early termination or quantify, based upon public disclosure, the fees due NHS on termination date.

If you cant answer this, it means PXYN could be on the hook for 10's of millions or much more or less... youre simply flying blind

[Lighthouse]

It doesn't matter but some are grasping at straws. Pxyn and NHS are over 110 days into this deal without either party cancelling the deal... aka... both parties are very happy... there is no misleading... a deal was struck and a payment schedule was amended. Period... anyone who knows contracts knows that an amendment is a re-opening of the contract (which allows either party to terminate) to make a change then closing it again. Happens every day. Both parties thrilled and sales booming... fact...

[SeanBoy]

Why does this matter? If NHS is not fulfilling Praxsyn's expectations of sales, Praxsyn can terminate this contract without cause! Praxsyn is not on the hook for $120,000,000 if NHS cannot perform! This is a dead issue!

That's a really good question, but here's a better one, and it's hardly a dead issue

Why would a company enter into what appears to be a ridicules contract, quickly and secretly neutralize it, and then withhold that information for a month and a half?

If one didn't know better, one would think that the whole purpose of the original contract was to fool investors into thinking that there was going to be about $250M in revenue. Of course this could have been explained had the company wished to, but apparently the didn't wish to, why?

I agree that they are not on the hook for anything, but that's because the contract has be rendered unenforceable by removing one of the key elements.

PXYN used the contract as promotional gimmick to sell stock, then they neutralized it. Fact