Replies to post #83314 on Progressive Care Inc (RXMD)

[JohnCM]

Something just occurred to me. I do not believe the management team at Progressive Care feels that they will ever have to increase the authorized share count beyond 500,000,000 shares.

I believe they think that a move to the NASDAQ would occur before the need to increase the authorized share count.

So somehow, with increased CASH on hand, the line of credit ( which can convert, I know ) and conventional financing, they can maintain their expansion plans WITHOUT exceeding an O/S of 500,000,000.

Now when it comes time to move to the NASDAQ, let's assume the O/S stands at 450,000,000 at that time, and perhaps 18 months out the share price is at the target $0.35, the reverse would have to look something like this ...

One for Twelve or a resulting share price of $4.25

Thoughts?