Replies to post #92338 on Progressive Care Inc (RXMD)

[Geoffroi]

If the company is serious about becoming a legitimate NASDAQ caliber stock them Armen needs to let go of his controlling interest in the company

[DCorleone]

RXMD "Board of Directors"

Governing body (called the board) of an incorporated firm. Its members (directors) are elected normally by the subscribers (stockholders) of the firm (generally at an annual general meeting or AGM) to govern the firm and look after the subscribers' interests. The board has the ultimate decision-making authority and, in general, is empowered to (1) set the company's policy, objectives, and overall direction, (2) adopt bylaws, (3) name members of the advisory, executive, finance, and other committees, (4) hire, monitor, evaluate, and fire the managing director and senior executives, (5) determine and pay the dividend, and (6) issue additional shares.

So it should Read Shareholder...
"Neither I nor the Company’s Board of Directors can initiate a reverse split of the Company’s common shares. This is a decision that must be discussed and voted on by the shareholders."