Replies to post #54851 on Progressive Care Inc (fka RXMD)

[Jiminy Cricket]

The share structure in the Ihub intro needs to be updated. Dilution has been occurring, albeit not a ton. It doesn't have the numbers as of todays date, but could or could not be the same as what OTCMarkets reports, but should be accurate. Tough to know for sure on the OTC

From Ihub Intro

RXMD Security Details
Share Structure
Market Value $14,226,940 a/o Apr 01, 2016
Authorized Shares 500,000,000 a/o Mar 29, 2016
Outstanding Shares 339,545,107 a/o Mar 29, 2016
Float 291,408,284 a/o Mar 29, 2016
Par Value 0.0001

From OTCMarkets.com

RXMD Security Details
Share Structure
Market Value1 $8,016,029 a/o Feb 17, 2017
Authorized Shares 500,000,000 a/o Nov 21, 2016
Outstanding Shares 341,107,607 a/o Nov 21, 2016
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 301,845,784 a/o Nov 21, 2016
Par Value 0.0001

[undtrdr]

Hmmm just over a year ago there were nearly 100 000 000 less shares .. not sure how any other conclusion is reached other than the obvious FACT = DILUTION .. think the only (sort of) tangible you may have benefited - consultation for the website LOL

As of September 30, 2015, the total balance of shares issued and outstanding as reported by the transfer agent is
245,584,329 shares.

The chart tells the story really don't need to read filings to see the dilution occurring whether it is treasury, c/d's, shares issued for 'services' or probably all 3 but willing to bet the Nov. # is stale and growing. I mean honestly the chart is not even a gentle ski slope it has FALLEN OFF THE CLIFF!

I suggest you check on the filings yourself ...that is where the FACTS lie lol..yes the pun intended...convertible debt/shares issued for 'services' and the bottomless floor clauses that accompany them. Once the A/S is closer to maxed and the R/S announced will add fuel to the complete capitulation ...just the way it works on the UNAUDITED PINKS

Buy low sell high and then stay out of the way my friend ... think you are in the wrong lane on this one

The Company has identified conversion features embedded within the convertible debt issued on July 22, 2016. The
Company has determined that the conversion feature represents an embedded derivative. The conversion price is set at
$0.05 per share unless the Market Capitalization of the Company falls below $3,000,000 at which time the Lender’s
Conversion Price for all Lender Conversions occurring after the first date of such occurrence shall equal the lower of the
Lender Conversion Price and the Market Price as of any applicable date of Conversion. Accordingly, the embedded
conversion feature must be bifurcated from the debt host and accounted for as a derivative liability. On July 22, 2016,
the Company recorded a derivative liability in the amount of $80,696. For the period ended September 30, 2016, the
Company recorded a Change in Fair Value of the Derivative Liability in the amount of $41,354 with a Derivative Liability
on the Balance Sheet at September 30, 2016 of $122,050.

So reading between the lines, this little tidbit alone is a forgone conclusion .008 is coming ..then lower ... even any increase in revs won't matter it's a rigged game down here in the sewer

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