Replies to post #192973 on Progressive Care Inc (fka RXMD)

[gedi8]

Thanks RIO. very informative post

[CaptHowdy]

Still buying RXMD... How's that been working out? A fools errand, no doubt.

Numerous other sectors making tremendous moves and major market averages setting records while RXMD is floundering.

[holt69]

They actually said they might shine it up and flip it for a 3-4x gain?

While I'm glad they see potential in increasing the share price, this makes that $2.20 investment they made WAY more sketchy. Remember, they bought those shares at a ridiculous discount. Plus, they bought the Iliad debt for what, 2 cents a share? What would 3-4x gain even amount to? $8-10/share? Pre RS price of 4-5 cents? Many longs would'nt even make money on that, lol. Who are they looking out for?!? Their largest investment was preferred stock, so I'm not sure how that would factor into this.

My numbers are hopefully way off (please let me know if you come up with something different).

Regardless, this is a horribly mismanaged company. Can't trust them in the slightest. I'm incredibly disappointed in the decision makers.

[James salmon]

Thanks RIO, as you point out the company itself is doing just fine, increasing revenue, increasing cash on hand and no debt. I have slowly added when I can a few thousand over the past few months as I do see the current stock price as severely undervalued.

At some point I do believe we are going to hear more from the company as to its plan, and I believe we are close to that time. As I have said before it would be good to see NXPL or RXMD hold a Q conference call, we should find this out pretty soon.