Replies to post #81834 on Progressive Care Inc (RXMD)

[DCorleone]

Exactly So if I don't have enough numbers... How then can you continue to make the statement without enough numbers?

"Pharmacist salary and bonus was restructured and it was a previous hindrance to profits."


I have the agreement, which appears to be worded for Perception, and thae average numbers, and been in business long enough to realize any "employee" Especially the "KEY" Employee not going to be smiling with even a 10% cut in pay. Then lets add in the Stock give away as collaboration that the KEY Highest paid person would have at Max only received 5 Million Shares as Comp...


Going Backwards

3rd quarter ending 2017

518k

2016
774k

On October 1, 2017, the company amended the employment agreement with a certain pharmacist, Head of Compounding
Department, who is the first paternal cousin to the preferred stock controlling shareholder and employee of the Company.
In consideration for duties performed including but not limited to marketing, patient consultation, formulary
development, patient and physician education, training, recruitment, sales management, as well as pharmacist
responsibilities, the Company has agreed to provide monthly compensation of $25,000 or $15,000 per month plus 5%
commission on monthly gross profits generated by the Compounding Department, whichever is greater.

The Company has an employment agreement (the “Agreement”) with a certain pharmacist, Head of the Compounding
Department, who is the first paternal cousin to the preferred stock controlling shareholder and employee of the Company.
In consideration for duties performed including but not limited to marketing, patient consultation, formulary
development, patient and physician education, training, recruitment, sales management, as well as pharmacist
responsibilities, the Company has agreed to provide annual compensation of $240,000 plus tiered commission tied to
monthly gross profits generated by the Compounding Department.