Replies to post #46933 on Progressive Care Inc (RXMD)

[Jimmy Quick]

Ok you are correct, we are getting 2,000,000 but paying off 2,205,000 with what could be 44,100,000 shares which is only 13% from the share price. Which we have already seen the effects of IMO and then some.

Debuffing the taking on debt for expansion theories because of not enough profits. I work for an organization with 886 million in gross revenues and 124 million in net income, and we still take out bonds for 40-50 million to fund our building expansions. So taking out debt for expansion is not a bad thing when the ROI exceeds the cost, and obviously even way more profitable organizations do it. Also, we are not a startup, been around for over 100 years, and we have done this about every 5 years or so in the last 25 years to continue expansion efforts.

I want to see this organization grow and expand. Can't do that too much by just relying on scripts from only the immediate FL area, even though we are growing anyways month over month just on that alone, nor can we expect to see the share price flourish without pursing expansion measures, and if excess funds are needed now through debt as opposed to waiting a year for operating profits to accumulate, by all means go for it. If expansion efforts get this stock up to .10c in a year, then that 13% drop just produced a over a 200% return on investment. I'll take the greater of the two 24/7.

[JohnCM]

In the end, CVP can recover all its funds by shorting to zero

Are you sure there is not a provision preventing CVP from shorting this stock?

[red13]

Shorting to zero? How does that work? CVP shorts, that is sells shares it does not own at today's close 0.030487 in expectation the price will fall further. RXMD has received all OKs on the expansion except for the city's approval. When that happens shares will rise. RXMD will announce 2nd quarter results within the next couple of weeks. It will report a YoY increase in sales, (if you believe in the cooked-book theory, it's a given).

So share prices will rise on a couple of points in the next two weeks.

When does CVP begin its short-sale tactic? At what price point does selling shares it does not own increase its earnings enough to exceed the theoretical gain on shares it could have sold at a nickel if it had not attacked the stock?

You're leaving out lots of critical details. Specifics please, not, "well this scenario has played out blah, blah..."

I forget who, but someone asked why RXMD was building new construction instead of buying or renting an existing building. RXMD isn't building new construction. It is revamping its own warehouse space in the building that houses its current shop. Cost, including clean room for the robot, about $200,000 according to Armen, (who cannot be trusted, ah but then can he?) $200,000 for the renovation sounds about right.

I've read other posts saying RXMD paid cash for a robot. Again according to "dicey Armen" RXMD has a three-year loan on the robot with a balloon payment. That would indicate minimal payments until the robot had paid for itself--likely a few times over.

After the city grants approval for the expansion, construction will take maybe two months (again Armen). That pushes out the execute date to November or earlier.

CVP best get cracking on that short-sale tactic. It doesn't have much time left.