Replies to post #62146 on Praxsyn Corp (PXYN)

[SeanBoy]

$3,954,656 for six months, 2015, was filed with SEC in a reviewed report, customary for most companies. The $5.0 mil. operating income was in that report.

That report was never audited!

A few months later, then management changed.

I think the phrase is "they took it on the lam", lol.

During the six-month periods ended June 30, 2015 and 2014, we generated net income of $3,954,656 and incurred a net loss of $12,793,324, respectively. The 2014 net loss contained stock-based expenses and a warrant modification expense, all of which were one-time expenses, totaling $16,012,011.

If that were actually true, the old management would still be in place and they would have filed audited 10Ks for 2015 and 2016. In June of 2016, Greg (the new management) said that progress had been made and the filings were only weeks away. It didn't happen and no explantion....not hard to figure that one out.