Replies to post #61084 on Progressive Care Inc (fka RXMD)

[Jimmy Quick]

I think another store in another state. aka Texas would be a good thing as well.

[gedi8]

Jimmy is right, MIDAM has and continues to hurt the RXMD share price. Because of this, I believe that new money has stayed away from buying until the MIDAM Arbitration is complete (which should be soon). In addition, RXMD has done nothing to "promote" itself and here is where First Look Equities come in. Clearly lots of frustrated shareholders here, but that will change. Way to much going on with RXMD to think that it will stay down here forever.

By the way, they are looking at a second location in North Palm Beach and perhaps a third location farther north of Palm Beach. September thru December we should see a much higher share price than what we are looking at now.

Regarding the 22 million in revs remember we are now in RXMD's busiest 4 month period.

[JohnCM]

somehow they must get their margins up or lower expenses

They are breakeven. Almost unheard of in the pink OTC world.

[tk5010]

I listened to the CC.

No ands, ifs or buts about it, it turned out to be a dismal quarter.

Glad I bailed at .016 paid .019

Otherwise I'd be stuck here with all the longs.

Even if they acquired a second location duplicating the operation, net revs would still suck.

This is like trying to turn a titanic. The going is gonna' be slow.

Might get a bump in the PPS when uplisting occurs, but other than that, I see it as slowboating your way to China.

I don't have the benefit of time due to liver cancer.

Good luck to all Longs.