Replies to post #156989 on Progressive Care Inc (fka RXMD)

[stockforce]

I explained that 4 years ago. Progressive Care started as Progressive Training and was listed on OTC by the then owner who was totally unrelated to Armen and his two other friends that cofounded Pharmco back in 2005. Actually this could even go all the way back to New York before Pharmco was started in Florida. Anyway, Armen and his friends took their own money and put it in Progressive Training for the reverse merger and became the new owners of the company. They risked their own savings on this company and grew it to today. Especially Armen was the one that went through the whole journey till today. Great achievement indeed.

[Truth022809]

Yeah I’m pretty sure it did. Which is fine, I’m just bringing it up to say that the shareholders are the ones with skin in the game. So if/when this goes to nasdaq, it will never survive with any real time investors or financial backers, with Armen having majority control from his preferred shares. They will have to be retired. And I certainly don’t think that someone who has no money on the table, should be taking a large salary in the form of a consulting payment, from a company not making any money. If he is going to give himself millions of free shares, make your money by creating shareholder equity and confidence and get the share price to move way up to make your money. That’s what we are all here for. All IMO