Replies to post #59858 on Progressive Care Inc (fka RXMD)

[Wackamole]

Nailed it!

[gedi8]

For me and several others it is a long term hold. The daily price fluctuations do not effect my trading philosophy for RXMD. The fact is in the last year and a half RXMD has come a long way. Just take a look at the numbers - 20 million in sales, year over year growth, etc., Further, I know that they are moving forward with their business model and plans. Unlike some, I do not need instant gratification to support the reasons why I own stock in RXMD. Take a look at my posts - I haven't made a single excuse for RXMD or its stock price. No need to because I know that down the road the stock price will be much higher than today.

And by the way contrary to what you stated, people aren't selling because they are bag holders. They aren't selling because they know what they own.

[Wangenstein]

It's been explained several times already, if you'll recall:

Midam illegally dumped their millions of RXMD shares when they were supposed to be raising interest in the stock. Said illicit dumping crushed the previous upward momentum in the stock, and Midam being terrible at their job kept new investors from hearing about RXMD.

Now, despite RXMD's $18.3 million in 2016 revenues, 15% YoY revenue increase, profitability, and third-party-audited financials, the share price is being walked down on minimal volume. This is probably being done by Midam, who fear having to buy those shares back en masse, or possibly by someone who wants to buy in big and wants the shares cheap. One thing is perfectly clear: the SP isn't being walked down a few thousand shares at a time for no reason.

Be sure to shout out if anyone needs it explained again...