Replies to post #156982 on Progressive Care Inc (fka RXMD)

[Cabinmoney]

I would only agree with that if the company was struggling and on path to nowhere. I do not believe that is the case. I think he wants to grow the company and he doesn’t want to screw over shareholders.

[Jagman5]

Per their investor deck (see website) PharmCo Rx reverse merged with Progressive care in 2010. At that time it was a single location. I'll do some more digging but it does look like the money came from investors.

[DCorleone]

On July 11, 2014, the board of directors approved the issuance of 51 shares of the Company’s Series A Preferred Stock
to a certain employee of the Company, which is equal to 50.99% of the total voting power of all issued and
outstanding voting capital of the Company in satisfaction of $20,000 in past due debt. These issued shares of
preferred stock are outstanding as of December 31, 2016 and 2015. As of December 31, 2016 and 2015, the individual
is employed by the Company.