posted
egginspector: 115 bucks may be worth the risk, hell I spend more than that on cigarettes! but thats about all i would risk at this point- cigarette money! LOL - glty!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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If it drops to .03 I know I will buy more. I also know several people that will take nice positions in this Monday, transferring funds now.
I think this is worth alot more than cigarette money but never risk more than you can afford to lose.
The weekend will give alot of people time to hear about this deal and I think that will keep the pps from falling. $100- $1000 dollar buys will be hitting, imo.
-------------------- This is not a contest. Let's all make some green. GLTA Posts: 38 | From: SC | Registered: Jun 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Egg, your calculations are correct from my understanding of the situation. The 8% is from:
"I have modified the way in which our shareholders will move to the NASDAQ, immediately strengthening positions and thus increasing long term market stabilization. These corporate actions will create a new beginning for shareholders and will tighten up our capitol structure to about 8% of Rx Processing Corps.' current capitol structure, an IPO for 1 million shares at $48 per share price will be initiated in September of 2006."
In other words, they want less shares out there at a higher price...not sure WHY they chose 8%, but that is where I got it from....
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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quote:Originally posted by SherriT: Egg, your calculations are correct from my understanding of the situation. The 8% is from:
"I have modified the way in which our shareholders will move to the NASDAQ, immediately strengthening positions and thus increasing long term market stabilization. These corporate actions will create a new beginning for shareholders and will tighten up our capitol structure to about 8% of Rx Processing Corps.' current capitol structure, an IPO for 1 million shares at $48 per share price will be initiated in September of 2006."
In other words, they want less shares out there at a higher price...not sure WHY they chose 8%, but that is where I got it from....
this DOES NOT say the divy will equal 8 percent of your current shares!. NO ONE knows what the divy will be UNTIL the company PR`s it.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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quote:Originally posted by jrdig7: Peter told me that 8% is their target for the divvy.
if thats true then he is in violation of the insider trading rule, the SEC takes that type of thing very seriously even with pinks! ( by the way, if you buy or sell based on that info and the SEC chooses to act you could have a problem )
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
more questions than answeres with this. a non- reporting pinksheet company will IPO a new company straight to the nasdaq at 48 bucks a share?? is there something wrong with this picture?. yes there is!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
mad, everything you say is true...I'm just willing to risk what I have invested for the possibility...
You are also not considering the merger with DL, what other deals might be in the works behind the scenes that may have been easier to close quickly if the company is private, and lots of questions as you said. Hopefully you will find a stock that is better suited for how you invest...GLTY
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
quote: -------------------------------------------------------------------------------- Originally posted by jrdig7: Peter told me that 8% is their target for the divvy. --------------------------------------------------------------------------------
if thats true then he is in violation of the insider trading rule, the SEC takes that type of thing very seriously even with pinks! ( by the way, if you buy or sell based on that info and the SEC chooses to act you could have a problem )
I don't think so. Public knowledge in the pr. I don't understand the problem here. You want all the answers, in Pinkieland? Every stock you buy here can drop the bomb on you without warning. This company has a business plan that makes sense to me and I am glad to be a part of it. If I am going to risk my money, I at least want to know the reward. Too many good things going here to walk away from, imo.
Sherrit gave you some good advice to find a stock more suited to you. Try the big boards. RXPC coming soon at $48 pps.
-------------------- This is not a contest. Let's all make some green. GLTA Posts: 38 | From: SC | Registered: Jun 2006
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posted
thanks all for your thoughtful insight. never hurts to ask questions. I will for now watch and read. the best of luck to you all!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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Today's action is a rare opportunity to load up, IMO.
PBM = $$$$$$$ machine.
DLS = new and emerging channel for discounted direct-to-consumer purchase of lab services (whether acute, elective, chronic, or wellness oriented).
HSA = health savings accounts. the equivalent of IRAs for the PRE-TAX payment of one's direct medical expenses and/or health care premiums (whether deductible, copay, co-insurance or catastrophic incidents), etc..
DLS business model is both timely and relevant to emerging/acclerating shift (can you spell GM, or Delphi for that matter?) from employer sponsored health plans to making you (me) responsible for our own exploding $$$ health care needs.
The Medicare trust fund teetering on the verge of bankruptcy, the payment system is strained and about to implode due to restricted (very poor a/k/a low) reimbursement to physicians, allied health care practitioneers and other institutional providers -- which shrinks the participating physician/hospital pool (network) and limits access to those most needy of health care serices (the elderly, disabled or indigent) -- again an exploding demogrpahic.
you connect the dots for yourself -- lesson over.
its all about the $$$$$$$$$.
PBM = $$$$$$$$$$$
DLS = $$$$$$$$$$$
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
To correct myself, I noticed at the close (well, about 1 minute after) that the BID not the ASK went to 0.00. Basically as soon as the orders in the queue were filled, it went to 0.00 on the ticker board. I have never seen another stock do that, so I think today was it.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
Actually, I just signed back in to Scottrade to look at the streaming quotes...check your own broker, software...everything else is showing a price on the bid except RXPC....
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
Sherrit, My Ameritrade still shows a bid of .045 and Alphatrade L2 shows the same .045 by Nite. It is most likely an anomoly. Enjoy the weekend.
-------------------- This is not a contest. Let's all make some green. GLTA Posts: 38 | From: SC | Registered: Jun 2006
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Seems their is a bid and ask. Even if there wasn't a bid or ask, it really doesn't matter. Once the market closes bids and asks go wacky. Wait until Monday morning. The bid and ask will be there just prior to the market opening.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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I have to say I don't believe in the tooth fairy or free money.
If I were to get 8% of my shares in the new company thats 4000 shares at an IPO price of $48 which would be worth $192,000 for a $1700 investment. Was I born yesterday?
The one positive in the PR that I can make out is the conversion to certificates. If anyone is short or better yet naked short, they will have to cover and that stands a better chance to drive the price up short term. Thats one of the things that kept my finger off the sell button.
For now, I'll wait for more clarification and I hope to get it in the form of a PR and not hearsay. (No disrespect intended to any of you, I think your post are honest, its Peter I don't yet trust.)
posted
Look I am not in this one but, will be on monday, first my take on this is exactly what juice say's, 8% of what you own, the company is in a major growth spurt and really has no time to deal with being a penny stock. they have an excellent service, one that congress has been trying to figure out, how to get meds to the uninsured. the company is only going to have 1 million shares at the time of the IPO. now the company's growth is long term, meaning splitting the shares, everyone wins. and wins BIG... as far as buying more than what you can handle, dont do it, only what you can afford. the company wants you to prosper and if you dont, they will be worth nothing, I believe, we are in great shape (will be on monday) just have to hold awhile.
-------------------- . Posts: 110 | From: chico , ca | Registered: Oct 2005
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posted
if the company gives away a few million dollars to make a few billion, it's worth it. but to the bashers, keep up the good work until monday evening. you are very much needed here. thanks
-------------------- . Posts: 110 | From: chico , ca | Registered: Oct 2005
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posted
Just a little insight. I work on deals such as this. You don't take a company private to just go public again. It is easier to move to a higher exchange, then IPO. I can tell you from many years as an I. Banker, this is not on the up and up. And do you have any idea how difficult it is to list on the actual NASDAQ? If this was legit, they would have just tried to move higher, not delist. Who do they think they are that a move to the NASDAQ is automatic. There is something behind the scenes that we are not privy to. Just an honest opinion, no bashing what so ever. I don't like to see people get hurt. Good luck fellas in whatever your decision is. I hope I am wrong. Happy 4th.
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
Just to clear up what you posted. You cannot delist from the Pink Sheets. Also there are requirements that must be fulfilled in order to qualify to move from one exchange to another. Share Price, Financial filings etc etc. I know the easiest way to get to NASDAQ is to purchase a company that is currently trading on NASDAQ. IMO the only way to achieve the goal of trading on the NASDAQ would be to go private and then do an IPO, Initial Public Offering. THis may not be done to often but it may still be a viable mechanism to achieve a goal. I do own shares but am still skeptical. Hopefully we will get more answers soon.
"How do I get my company "delisted" from the Pink Sheets? Because securities are not "listed" on the Pink Sheets, it is not possible for an issuer to "delist" them. The only way to remove a company from the Pink Sheets is for all of the market makers to stop quoting it. If your company's securities no longer actually exist, but are still being quoted, you should contact Nasdaq's Market Integrity Department at 203-375-9609 and provide them documentation to that effect. Nasdaq will investigate and, if appropriate, eliminate the trading symbol and advise the Pink Sheets. Pink Sheets will then remove the market makers quotations in this security."Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
Just got caught up here. No details to offer, but that PR is not well done. I believe something is horribly wrong here...much research required.
posted
Let's start here, merely to start somewhere--
JUICE, saw this post of yours a coupla pages back...
quote:PR coming later today the last one was a lead in to major news so let's hope today gives us the first of many great PR to move RXPC into higher grounds. Good Night see you all in the AM. If you haven't checked out RXPC do it big things are on the Horizon
Was there a preceding PR? I mean, before the one re "going private"?
posted
This was the PR from 6-26-2006 which preceded the going private PR:
RXPC -- RX Processing Corp. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Rx Processing Corp. Securing Your Health Care Future
WILMINGTON, Del., Jun 26, 2006 (BUSINESS WIRE) -- Rx Processing Corporation (OTC:RXPC) announces in furtherance of expanding our overall mission towards establishing a bridge to prescription medications, laboratory testing and preventative diagnostics we are fortifying our shareholders position. We assert and maintain our continuing commitment to play a pivotal role in the evolution of the health care industry. Additionally, the company is further motivated by the ongoing support of its shareholders as we address the varied needs of individuals, organizations and care providers working collectively with those of similar vision.
Rx Processing Corp. is taking immediate steps forward to execute business and financial plans, which include continuing our relationship with John Bell, owner of Direct Laboratory Services as a significant shareholder while taking necessary actions to increase our exposure and strengthen shareholder financial position. We embrace this transformation and believe our efforts will provide broader services to a wider demographic of U.S. citizens.
Peter Fiorillo Commented, "As Chairman/CEO my first obligation is a responsibility to the health care needs of our citizens and to those shareholders who empower us to achieve these goals. This week I have taken actions that effectively provide shareholders a new beginning focused with the same determination to complete the mission I started three years ago."
Rx Processing Corp. is positioned to become a market leader in providing prescription medications and preventative health laboratory testing to U.S. citizens, corporations, and members, through CLIA-certified patient service centers, for their lab testing and licensed pharmacies in the United States and around the world. The company provides access to approved brand-name and generic medications, and hundreds of lab tests with access to 4,000+ CLIA-certified patient service centers for their lab testing. Rx Processing Corp. estimates that more than 44 million United States citizens would benefit from the company's affordable prescription medication and laboratory testing programs.
Safe Harbor Statement
All statements other than statements of historical fact included in this press release are "forward-looking statements." The forward-looking statements, including those about the company's future expectations, revenues and earnings, and all other forward-looking statements (i.e. operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risks and other influences, which are outside the company's control, and may yield results differing materially from those anticipated.
SOURCE: Rx Processing Corporation
CONTACT: Rx Processing Corporation, Wilmington Tim Gillesse, 800-576-7055
Copyright Business Wire 2006
-0-
KEYWORD: United States North America Delaware INDUSTRY KEYWORD: Health Pharmaceutical Other Health
Search for Dun & Bradstreet reports on this company.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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what would make anybody think a "big PR" is coming, based on that release? sorry to be "late to the party," but as noted elsewhere, I am slow sometimes, working through these things
posted
Well I think it was from posts over on IHUB. Some of the people posting were calling and talking to the CEO. They said that they didn't know exactly what the news would be but that it would be BIG.
If this turns out to be scam it's the worst run scam I've ever seen. They reduced the Float and Outstanding recently. I believe there is a total of around 67M shares Out Standing with only 12.5 in the float. No big build up to create volume and no dumping shares. I'm not saying I completely believe it but just trying to look at this from all sides.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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I agree that it would be the worst run scam I've ever seen. I plan on calling Peter first thing Monday. I will post the results. I want to know who is underwriting the IPO and if it ready to launch or just merely starting the process in Sept. I also want to know what happened with DLS and if the option is still good? Any other questions you would like asked just post them here. We are all in this together and I hope we can all make out well. GLTA
-------------------- This is not a contest. Let's all make some green. GLTA Posts: 38 | From: SC | Registered: Jun 2006
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posted
READ the pr again, yesterday, the company looked good, now it is a acam and here is why.
the company wants to condense the current company (rxpc) into the 1 million shares of the ipo, they are going to put 67 million shareso/s into 8% of 1 million, or 67 million o/s into 80,000 shares and say it's worth 48 bucks a share. 48 X 80,000, making the current rxpc worth $3,840,000.00. they are using percentages to screw everyone,. if you take 67,000,000 o/s and divide into 80,000, (8%) you have what I guess would be called a reverse split (dont know the percentage) of 837.5 - 1 share of the ipo.
so the company they are saying is worth (8%) 80,000 x $48.00 = 3,840,000., so take 67 mil o/s, divide by 3,840,000.00 = .0573 per share. now take .0573 multiply by 837.5 which = $47.98 dollars per every 837.5 shares. WOW the company is going to tie up your money maybe for a year, and give you 2 pennies for every 837.5 shares you own. if you bought this stock over .0573, ouch. if you bought * .0573 you pay trading fee's. if you bought under that price, you made a profit, in a year, being that the $48.00 price does not go down to about 7 or 8 per share. excellent idea for a company, shame on them for screwing the penny flippers to push them to nasdaq, and then give them 2 pennys. or a loss.
30 day's after the ipo, i might buy then, excellent idea, just going to let their stock stabilize.
this is my calculations on what I see and I could be wrong. do your own DD but use caution with this company. be careful. penny flippers dont usually use percentages in this form, and this can make it decieving. GLTA and hope I dont p1ss anyone off, just trying to be helpful. regards.
-------------------- . Posts: 110 | From: chico , ca | Registered: Oct 2005
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