Replies to post #62126 on Praxsyn Corp (PXYN)

[mascale]

Also a settlement end of last year, to the advantage of PXYN, had been noted and the share priced increased.

[Chi_XX_Town]

ROTFLMAO!!!

You are referring to THIS????

On May 15, 2017, Mr. Cary filed suit against the Company in the
Superior Court of the State of California, County of Orange, for
breach of contract and other employment related causes of action.
Effective June 7, 2017, the Company and Mr. Cary entered into a
settlement agreement, in which the Company shall pay Mr. Cary
$16,225.50 (the Settlement). Other than the payment of the
Settlement due to Mr. Cary on July 15, 2017, thereafter, the
Company shall have no outstanding obligations due to Mr. Cary,
including but not limited to the repayment of certain related
party loans from Mr. Cary to the Company which have now been paid
in full.

A senior PXYN employee resigns, sues PXYN for breach of contract and "other stuff", PXYN pays back money it borrowed from the employee (!!!!) and agrees to pay the employee and additional $16,225.50....and your takeaway is that PXYN now has lots of money from a settlement.

NOW I understand why I did not understand your previous posts....