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Pinkies are loaded with little players who want to gamble and flip....in and out... Today ......selling pressure from those who need to move on and perhaps a little accumulation (every seller has a buyer)..........Monday ????
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I'm not pumping and certainly not telling people to buy or stay in I'm just giving my take on it. The risk for me is worth the reward because I think this Company is legit. I can understand why everyone thinks otherwise but that is the chance I'm taking. The decision is yours. I wish everyone good luck
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
I also am not advocating anyone to buy or sell. Do your DD and make your own decision.
Having taken everything into account. The fact that the stock was mentioned by the WSJ, other companies doing the same business trading in the $60 range and the risk VS reward. I just purchase 36,000 more shares at .055. I think the risk is worth the possible reward.
Like I said this is my opinion and do not base what you do on me.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
Let me correct myself. It was DSL that was mentioned in the Wall Street Journal article not RXPC. I don't know the status of that deal. I still think risking a couple grand is worth it.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by J_U_ICE: I'm not pumping and certainly not telling people to buy or stay in I'm just giving my take on it. The risk for me is worth the reward because I think this Company is legit. I can understand why everyone thinks otherwise but that is the chance I'm taking. The decision is yours. I wish everyone good luck
J_U_ICE, will you address my post. IYO, does this road being taken, tend to lead to good things for shareholders or bad. that is all I am asking. It is hard for me to interpret.
Posts: 1307 | From: Pittsburgh, PA | Registered: Jun 2006
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after the IPO, we (the shareholders) will have our current number of shares * the IPO settled price, let's say it goes down. $ 45.00. and these shares are in a privately held company?
if this is the case, for me it is a good risk. I believe you can always sell within a privately held. Company buy-back, larger shareholders, etc..
so...for a newB, is this (above)what this is saying?
Posts: 1307 | From: Pittsburgh, PA | Registered: Jun 2006
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posted
No, Egg....you will have 8% of your current number of shares (10K shares now = 800 shares of the new) at the IPO settled price. The shares would be privately held until the IPO and then publicly owned on the NASDAQ. Stock will most likely be restricted for the first year, so you would have to keep your money tied up....
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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Peter told me he will decide when we go public. He has said we will have a conference call after the 4th, imo that means we will go public soon.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by SherriT: No, Egg....you will have 8% of your current number of shares (10K shares now = 800 shares of the new) at the IPO settled price. The shares would be privately held until the IPO and then publicly owned on the NASDAQ. Stock will most likely be restricted for the first year, so you would have to keep your money tied up....
That's the way I see it also SherriT
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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thats not the way i see it. no where in the PR did the company say we would receive 8 percent of our current shares as a dividend. they said we will tighten up our capitol structure to about 8% of Rx Processing Corps.' current capitol structure, thats not even close to saying we are getting an 8 percent divided of our current shares.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
Posted by: jrdig7 Date:6/30/2006 9:56:48 AM Post #of 4217
Okay just off the phone with Peter. This is not good news, it is great news. Take the amount of shares you hold and you will get 8% of them in the new corp. The IPO will be supported at $48
I'll take jrdrig word he has given me great info.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by J_U_ICE: Posted by: jrdig7 Date:6/30/2006 9:56:48 AM Post #of 4217
Okay just off the phone with Peter. This is not good news, it is great news. Take the amount of shares you hold and you will get 8% of them in the new corp. The IPO will be supported at $48
I'll take jrdrig word he has given me great info.
this would be good news IF they PR`d it.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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quote:Originally posted by J_U_ICE: Posted by: jrdig7 Date:6/30/2006 9:56:48 AM Post #of 4217
Okay just off the phone with Peter. This is not good news, it is great news. Take the amount of shares you hold and you will get 8% of them in the new corp. The IPO will be supported at $48
I'll take jrdrig word he has given me great info.
this would be good news IF they PR`d it.
I agree this morning's PR was a riddle.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Is this for real? If so, why aren't other people jumping all over it and why not load up for more?
Posts: 2309 | From: Minnesota | Registered: Feb 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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quote:Originally posted by djg7: Is this for real? If so, why aren't other people jumping all over it and why not load up for more?
it`s not real until it`s PR`d for all to see nice and clear. ( never invest more than you can afford to lose ) I hope I am not starting to come off as a basher here, i just think people are reading way more into this than is wise.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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I just bought up more shares to make it so I have an even number in the new company. I would probably invest more, but I am trying to keep some of my dollars for other positions.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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Juice, do what the last day you can purchase RXPC for this offer to be valid?
Posts: 2309 | From: Minnesota | Registered: Feb 2006
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My understanding is until Peter decides to privatize it, which could be anytime. Since today is the end of the month, I think he was giving us a day to add more if we wanted (after all, we have supported their cause, and this offer - assuming it is true - is a reward for that support) and then will close it off at EOD. JMHO.
-------------------- 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 djg7: Juice, do what the last day you can purchase RXPC for this offer to be valid?
I'm not sure but Peter said he's having a conference after the 4th of July. Hopefully that will explain the details
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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hold off here with this knee jerk rush to judgement!
For those who want a little bit of relevant history, Caremark (CMX) was the successor entity to Medpartners (MDM) when their senior leadership correctly decided to exit the physician practice management business (a literal pyramid scheme business model wall street embraced and ran with for about 10 years before eviscerating the participants and extracting billions of dollars of equity from physician and other investors wallets' and respective net worth -- including yours truly!).
FWIW, Caremark emerged as the primary business model from the Medpartners bankruptcy reorganization once it was blessed by the court. MDM (CMX) was trading in the mid $3s at that time (late 90s). CMX is trading for $50/share today. While I make no analogy to, nor even remotely imply, BK as an issue for RXPC; my point is the PBM industry on its own merits is a high value market segment as it addresses both the cost containment and access issues specific to the health insurance affordability crisis we face.
When you add the direct lab services piece afforded by the DLS acquisition, IMO RXPC is WELL POSITIONED to access the equity markets for it's targeted private placement.
Again, i remind this board of the hidden (but yet to be quantified -- subject to DLS closing) gem inherent in the DLS acquisition specific to actual PBM revenues from the contract with the state of Louisiana. If Wall street loves anything, it is obsessed with RECURRENT, i.e., per member (or covered life), per month revenue ad infinitum.
Health care is a recession proof industry and unless the state of Louisianna goes out of business (LOL), there will be an entity paying for a third party to minimally administer their pharmacy benefits (not an inconsequential piece of the total medical loss ratio an insured or self insured party incurs).
Assuming a positive client relationship between DLS and the state of Lousianna -- this contract represents the MAIL BOX MONEY an investment banker will assign as a virtual guarantee of the placement's eventual full subsciption.
For the ADD/ADHAD/MOMO crowd, today is BIG disspointment -- yet, for those who are long on RXPC and more in line with Buffet's investment guidance, I can only say today is a BUYING OPPORTUNITY rarely seen in this market!!!!
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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I want to know the date for us goin private.Also want to know more specifics about Restricted shares via a PR not thru someone else. If he addressed those issues and been more clear and in depth we woulda flied today.
Rx Processing Corp. will migrate from the Pink Sheets and reclassify as a private entity. The investment community will be issued certificates that mandate all short or borrowed positions will be covered by broker dealers. Once accomplished, all shareholders of record will receive a dividend to a subsidiary company actively being incorporated that will IPO with our established business model and a conservative hundred million dollar financial plan in a highly energized environment further ensuring regulatory compliance as a new NASDAQ listed corporation.
More explanation needed from Peter imo. Hopefully before we go private.DF
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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I can't speak to much on the stock side, as I have read similar DD as everyone else. I can say that I used to work for a successful PBM and "mail order filler", and was familiar with most of the players in this market. Drugs are never going away, and they will always need someone to pass them along to the consumer cheaper and faster. With the pricing structure as competitive as it is with Walgreens, I think the market is at least very viable for this company.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
Guys, another way to look at this is the stock would have to drop to anywhere in the .60 to $1.20 range in 2007 to equal todays pps. I don't see how? Global Media will be handling the pr and also have restricted shares. It seems to me with this tight of a share structure the pps could be going alot higher than $48 in the not too distant future. JMHO
-------------------- This is not a contest. Let's all make some green. GLTA Posts: 38 | From: SC | Registered: Jun 2006
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Another thing to think about. We are going to partner store front operations around the country. Mini Walgreens. I just don't see flaws in this business model. Make your own decisions and do the DD quick.
-------------------- This is not a contest. Let's all make some green. GLTA Posts: 38 | From: SC | Registered: Jun 2006
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quote:Originally posted by jrdig7: Guys, another way to look at this is the stock would have to drop to anywhere in the .60 to $1.20 range in 2007 to equal todays pps. I don't see how? Global Media will be handling the pr and also have restricted shares. It seems to me with this tight of a share structure the pps could be going alot higher than $48 in the not too distant future. JMHO
I agree just wish Peter would have put out a less confusing PR.
BTW jrdig7 thanks for all the info and updates
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by jrdig7: Another thing to think about. We are going to partner store front operations around the country. Mini Walgreens. I just don't see flaws in this business model. Make your own decisions and do the DD quick.
thanks but i will take my time on this one, i think it`s going lower.JMO.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
My thoughts are why go private, before you go public again. It is MUCH easier to move to a higher exchange, then delist, and TRY to list again. Thanks for the certificate RXPC, I already have toilet paper. I am very upset with this decision, as I felt this was one of the only good ones out there. Also, they could have explained a little more in detail. The whole synopsis is VERY vague. This should raise concern about the managements ability to run the company. I would RUN not walk to the exit. This is my opinion on the matter. The only other low float, high revenue company out there is WWEN. And then there was one. Good luck guys.
Posts: 4381 | From: houston | Registered: Mar 2006
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Madmoney, I don't see it going much if any lower than where we are at now.. Alot of people are starting to see the potential. .05 will probably be as low as we see, imo. For that little difference it isn't worth missing out. No one knows when we go private but I think soon. GLTY
-------------------- This is not a contest. Let's all make some green. GLTA Posts: 38 | From: SC | Registered: Jun 2006
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quote:Originally posted by SherriT: No, Egg....you will have 8% of your current number of shares (10K shares now = 800 shares of the new) at the IPO settled price. The shares would be privately held until the IPO and then publicly owned on the NASDAQ. Stock will most likely be restricted for the first year, so you would have to keep your money tied up....
alright.....why 8%
Posts: 1307 | From: Pittsburgh, PA | Registered: Jun 2006
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quote:Originally posted by jrdig7: Madmoney, I don't see it going much if any lower than where we are at now.. Alot of people are starting to see the potential. .05 will probably be as low as we see, imo. For that little difference it isn't worth missing out. No one knows when we go private but I think soon. GLTY
last trade was at .045, ask has dropped, i see this under .03 by close monday. i could be wrong of course.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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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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