Replies to post #131900 on Progressive Care Inc (fka RXMD)

[flaflyersfan]

TheSerb, I do not believe people understand what "audited" means;

The auditor just checks the math of the numbers they are provided by RXMD. They do not verify the numbers; they say so themselves;

Basis for Opinion
These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made my management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

As for the information withheld from finanicials, again RXMD posts it for all to read and comprehend;

Item 18. Material Contracts
The following is a list of all contracts which the Company is a party to, and which currently can reasonably be regarded as material to a security holder of the Company as of the date of this Annual Report:
• Lease Agreement for 901 N Miami Beach Blvd, Ste 1-2, North Miami Beach, FL 33162, dated as of December 16, 2011, between Value Store It North Miami Beach, LLC and the Company.
• Lease Agreement for 633 NE 167th St, Suite 425, North Miami Beach, FL, dated as of October 1, 2016 between Migal 669, LLC and the Company.
• Lease agreement for 13460 SW 10th St, Suite 102, Pembroke Pines, FL, dated as of November 6, 2017 between Deveaux Group Inc. and the Company.
• Amended and Restated Certificate of Incorporation of the Company.
• Amended and Restated Bylaws of the Company.
• Certificate of Designation of Rights, Preferences and Privileges of Series A Super-Voting Preferred Stock of the Company.
• Preferred Stock Rights Agreement, dated as of July 11, 2014, between the Company and Armen Karapetyan, including the Certificate of Designation, the form of Rights Certificate and the Summary of Rights attached thereto.
• Executive Employment Agreement by and between Shital Parikh Mars and the Company, dated as of January 4, 2016.
Digital presence and technology solutions agreement between Mass Ventures Corp. and the Company, dated as of January 25, 2018.
• Equipment financing agreement between Americorp Financial, LLC and the Company, dated as of May 23, 2018.
• 340B Pharmacy services agreement between Empower U and the Company, dated as of October 1, 2017.
• 340B Pharmacy services agreement between CAN Community Health and the Company, dated as of January 9, 2017.
• 340B Pharmacy services agreement between Hope and Help Center of Central Florida, Inc. and the Company, dated as of July 1, 2018.
• 340B Pharmacy services agreement between Care 4 U Management, Inc. and the Company, dated as of July 1, 2018.
• 340B Pharmacy services agreement between Midway Specialty Centers and the Company, dated as of October 12, 2018.
• Promissory note and mortgage agreement between Regions Bank and the Company, dated as of December 14, 2018.
Copies of these agreements will be available for inspection at the office of the Company located at 633 NE 167th St, Suite 425, North Miami Beach, FL, 33162 during ordinary business hours.

There is no reason anyone should have to show up at the corporate office to get any of that "material" information.

Lastly, next time you send me curse-ridden threatening Private Messages, please do not block me so I may respond. Thank you.

Good luck.