Replies to post #185969 on Progressive Care Inc (RXMD)

[vp_007_99]

It also says that billion plus is 58%.

[RIOgrande44]

Beneficial owner is the way i see it..

[MrMike241]

Charles has the voting power to approve whatever he wants. The dilution is significant. I hope the growth is also significant. Charles isn't working for free. I hope that translates to us also making some money.

AS will be increased. This is in the SC 13-D filed in September:

4.11 Reservation and Listing of Securities.
...
(a) The Company will ... file a listing application with the Nasdaq promptly following the Closing...

(b) The Company will ... promptly take all actions necessary to increase the authorized but unissued shares of Common Stock to be sufficient to satisfy the Required Minimum...

(c) The Company will promptly seek to have the necessary corporate action taken to authorize an additional number of shares of Common Stock to accommodate the Required Minimum to be authorized (the “Required Minimum Authorization”)...

If, ... the number of authorized but unissued (and otherwise unreserved) shares of Common Stock is less than the Required Minimum on such date, then the Board of Directors shall ... amend the Company’s certificate or articles of incorporation to increase the number of authorized but unissued shares of Common Stock to at least the Required Minimum at such time, as soon as possible and in any event not later than the 90th day after such date.