Replies to post #57580 on Progressive Care Inc (RXMD)

[DCorleone]

800k was 2015, last year 565k

The Company has an employment agreement (the “Agreement”) with a certain pharmacist that is related to the
preferred stock controlling shareholder and employee of the Company. The Agreement is a verbal agreement
cancelable by either party without notice. This pharmacist receives compensation for filling certain prescriptions as
further defined in the Agreement. During the years ended December 31, 2016 and 2015, the Company paid this
pharmacist approximately $565,000 and $843,000, respectively.

[PersianMeow]

I will have to go back and dig it up. It's on page 49:

http://www.otcmarkets.com/financialReportViewer?symbol=RXMD&id=168586

"The Company has an employment agreement (the “Agreement”) with a certain pharmacist that is related to the preferred stock controlling shareholder and employee of the Company. The Agreement is a verbal agreement cancelable by either party without notice. This pharmacist receives compensation for filling certain prescriptions as further defined in the Agreement. During the years ended December 31, 2016 and 2015, the Company paid this pharmacist approximately $565,000 and $843,000, respectively."

Maybe I am missing something else. Do you have any ideas?

"Average Pharmacist Yearly Salary in Florida. Pharmacists earn a median salary of $118,460 per year. Salaries typically start from $87,290 and go up to $149,440. Learn more about the Pharmacist job market for salaries of real jobs in your area."

It's fishy to me- and yes I am a bag holder.

https://www.bls.gov/oes/current/oes291051.htm