Replies to post #195688 on Progressive Care Inc (fka RXMD)

[holt69]

RXMD had annual revenue just under $50 million in 2023.

Value given in the deal with NXPL: roughly $10 million I believe.

Had there been an ounce of effort to support RXMD shareholder value after Fernandez invested, he wouldn't have been able to pull this merger at the ridiculous terms.

This is why the mentions of a class action lawsuit have heated up.

[JMCK6193]

And to add..... Armen got butt hurt by Shital Mars (because she kept the shareholders informed, and Armen didn't like that) so he let her go (fired) then he (Armen) turned around and gave his company away to a greedy old fart (Fernandez) for chump change in hoping they would compensate him in the long run (because he didn't give a chit about his shareholders either) by getting the share price up and making millions on his 90 plus million shares. Well, Fernandez had other plans that didn't include Armen, and that pissed Armen off, then he (Armen) turns to the shareholders whom he abandoned playing on them (us) like he was one of us, (yeah right!!!) When in FACT none of this would be happening if he had stayed the course years ago with Ms Mars. But he got greedy, like greedy ppl do, instead of searching for other avenues to take care of the debt issue he took the first offer given (IMO), AND NOW HERE WE ARE!!! And look who's paying for it.

[Flaker]

Funny..I think the independent third party valuation said RXMD was worth upto $2.20 a share, the price the board agreed upon.

Not to mention, all the vast majority of losses NXPL has recorded (most of which are non-cash) was due to RXMD...so perhaps RXMD isn't worth as much as you think it is.

But do keep at it.