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Progressive Care Inc. (RXMD), a personalized healthcare services and technology company held a shareholder meeting on August 30, 2019 at Progressive Care’s corporate office in Hallandale Beach, FL at 400 Anton Blvd.
“Our shareholders are just beginning to get their proxy notices and now is a good time to encourage everyone to ask questions and reach out to us,” stated S. Parikh Mars, CEO of Progressive Care. “We think that spending time speaking directly with shareholders will be beneficial to all of us.”
The Company requests that any individuals intending to attend in person should RSVP so that it can allocate the appropriate resources. The Company wanted to ensure that shareholders understand that the voting item is for the sole purpose of meeting the obligations set forth in the financing agreements. The increase in authorized is not be exhausted upon approval, but rather to facilitate the reserve as set forth in the agreements. According to the agreements, the secured creditor is prohibited from converting more than 9% of the shares issued and outstanding at any given time and must abide by selling restrictions upon conversion. The Company and its insiders and affiliates continue to refrain from engaging in market activities. Any change in that status will be disclosed to shareholders in advance.
Progressive Care Inc. (RXMD), through its PharmCo, LLC, is a South Florida health services organization and provider of prescription pharmaceuticals, compounded medications, provider of tele-pharmacy services, the sale of anti-retroviral medications, medication therapy management (MTM), the supply of prescription medications to long term care facilities, and health practice risk management.
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