Replies to post #120274 on Progressive Care Inc (fka RXMD)

[Jimmy Quick]

$RXMD THE NEXT RITE-AID | Check THIS ONE OUT

ProgressiveCare NEWS:

Progressive Care Inc. Completes Acquisition of Family Physicians Rx

MIAMI – June 4, 2019 -- InvestorsHub NewsWire -- Progressive Care Inc. (OTCQB: RXMD), a personalized healthcare services and technology company, announced today that it has closed on the acquisition of Family Physicians RX, Inc.,dba Five Star RX and Florida corporation (FSRX) on June 1, 2019.

The consummation of the acquisition allows for the Company to begin consolidating financial results from FSRX occurring after June 1st into disclosure reports and news releases. In the month prior to closing, FSRX filled approximately 18,000 prescriptions servicing 7,500 patients. With the addition of the Davie, FL and Orlando locations, Progressive Care now boasts 4 physical pharmacy locations with 5 star performance ratings and nearly 125 employees from which to launch further expansion and sales growth.

"This is our biggest accomplishment to date," said S. Parikh Mars, CEO of Progressive Care. "Now that FSRX is part of the Progressive Care family of pharmacies, we can focus on getting to next level as an organization. I am honored to have this group of talented individuals join our team and to take our collective strength to bring about change and results in this industry."

OH MY, HOW RXMD HAS GROWN UP OVER THE YEARS


RXMD Revenues and Scripts per location, Second to None


RXMD Compared to the Competition WOWSERS!!!


Penny Stock Exempt with low Share Structure


RXMD Retail Stores Commence Major Expansion Across Florida


RXMD 5 Star Humana Rating Earns Them Highest Payout


CEO IS PRETTY, and REALLY SMART

Progressive Care, Inc CEO Recognized by Forbes as a Unique Leader
https://www.forbes.com/sites/jeffthomson/2019/04/25/a-unique-path-towards-leadership-creates-a-unique-leader/#6ee28a593616

PHARMCORX HAS SMARTPACK, EXACT SAME AS PILLPACK


3 YEARS AUDITED F/S


IMPROVED FUNDING AGREEMENTS FOR ACQUISITIONS and NEW HEADQUARTERS


HINT HINT!!! RXMD SERVICE PROVIDERS


RXMD Price Target, prior to any acquisitions. HINT HINT

[Jimmy Quick]

IGNORING FACTS AND CONTEXT IN RXMD FILINGS

WHEN INTERPRETED HORRIBLY INACCURATELY THE INFORMATION FROM FILINGS CAN BE REFERRED TO AS "FALSE INFORMATION"

The shares to be held in reserve are at least 3 times the amount that would potentially be issued if amounts were fully converted and that's at current day's prices. Also, that's for the entire $6,000,000 in funding, presently the funding amounts to $3,515,000 for the new acquisition and new company headquarters.

PROOF:


ADDITIONAL FACTS:
What did take place was a major increase in company assets and revenues. The acquisition deals that this funding completed doubles both. Over $8 million in assets and $40 million in revenues

HERE's REALITY, coming from someone who bought shares at $.019. Wise choice, but bad for whoever the seller was.


Yes, it is likely shares will be converted starting January 2, 2020 to pay for the two new location acquisitions that added another $18 million in revenue and the new company headquarters that will remedy a $230k a year lease expense.

Well prior to that, come this May, we will experience a doubling of revenues, doubling of scripts and then SEC Registration soon after that. I think shareholders have done the DD and know all to well what is in store for RXMD, and it's called share price increases and eventual NASDAQ listing.

Background

Why did we take funding? For Acquisitions!!
Nearly everyone has to take out loans for acquisitions, it's the assets you get that matter. That's why some fail to mention the huge assets that are obtained that outweigh the funding and are substantial to ProgressiveCare's continued success.

Here is an example calculation that can occur that I have provided a million times. Remember this conversion can't take place until 1 year after the 2019 agreement dates below, and they can only obtain a small portion of shares and then sell 10% of weekly share volume max at a time, its a brilliant leak-out clause. Also, the company can pay back in cash at anytime as well instead of issuing shares. Hope this makes sense.

Calculation

We all know reservation of shares is not an indication in any way to the number of shares that will be issued. It is at least 3 times the expected amount of shares to be issued When conversion time comes around, the share price could be in the $.50 or better range, that conversion factor for the present outstanding funding amounts ($3.515 million as noted below) calculates to approximately 7 million shares.

Let's say it is $.25, that's 14.1 million shares.
Let's say it is $.10, that's 35.2 million shares.
Let's say it is $.07, that's 50.2 million shares.

What if the convertible ends up being $6,000,000 total to fund the two purchases. This is the amount that could be borrowed on the 2 agreements.

Let's say it is $.50, that's 12 million shares.
Let's say it is $.25, that's 24 million shares.
Let's say it is $.10, that's 60 million shares.
Let's say it is $.07, that's 85.7 million shares.

So as you can see, the current A/S count very well could be enough to cover any potential conversions with the exception of a few unlikely scenarios. This is if the company even chooses to convert to shares instead of paying a portion of the funding back with cash.

IMPROVED FUNDING AGREEMENTS FOR ACQUISITIONS and NEW HEADQUARTERS


DOOM AND GLOOM AVOIDED AGAIN, unless you sell low. LOL

[RIOgrande44]

I will continue to buy as many shares of RXMD as I can thanks. Have you found a better ticker yet?