Replies to post #66218 on Progressive Care Inc (fka RXMD)

[TheSerb]

A company generating over $20 million in revenues and doing over 650 scripts a day will definitely attract much bigger business opportunities!

[BullMarket34]

You are correct about the NASDAQ requirement, but are confused about a reverse stock split. Reverse splits will reduce the number of O/S, and raise the pps by that multiple.

So say you have 100 shares and the pps was $5.00 and they did a 1/2 reverse split. Your shares would be cut to 50, and the pps of the stock would increase to $10.00

[JohnCM]

Nobody needs to split anything. O/S is OK. Just let OTCQB do it's job. When RXMD gets to 10 cents, we can renew the NASDAQ talk.