Progressive Care Decreases Common Shares Outstandi
Post# of 1525
Posted On: 03/24/2016 11:36:41 AM
Progressive Care Decreases Common Shares Outstanding by Over 3% MIAMI, FL--(Marketwired – March 24, 2016) - Progressive Care
MIAMI, FL -- March 24, 2016 -- InvestorsHub NewsWire -- Progressive Care Inc. (OTC PINK: RXMD), through its subsidiary Pharmco LLC, a South Florida health services organization and provider of prescription pharmaceuticals specializing in health practice risk management, compounded medications, the sale of anti-retroviral medications and related medication therapy management, and the supply of prescription medications to long term care facilities, issues an update on the number of shares outstanding.
Common Shares Issued and Outstanding:
We are pleased to announce that as of March 24, 2016 the number of shares of common stock issued and outstanding has decreased by 3.5% and now stands at 339,545,107. This amount is net of 1,718,000 shares of common stock, which is the number of shares beneficially owned by Progressive Care through PharmCo, LLC. The reduction in shares outstanding is due to the return and retirement of 12,497,938 shares of common stock previously issued to Tarpon Bay Partners.
The Companys share structure does not include any derivative instruments such as convertible notes, convertible preferred, or other mechanism that would be dilutive to the current shareholders.
MIAMI, FL -- March 24, 2016 -- InvestorsHub NewsWire -- Progressive Care Inc. (OTC PINK: RXMD), through its subsidiary Pharmco LLC, a South Florida health services organization and provider of prescription pharmaceuticals specializing in health practice risk management, compounded medications, the sale of anti-retroviral medications and related medication therapy management, and the supply of prescription medications to long term care facilities, issues an update on the number of shares outstanding.
Common Shares Issued and Outstanding:
We are pleased to announce that as of March 24, 2016 the number of shares of common stock issued and outstanding has decreased by 3.5% and now stands at 339,545,107. This amount is net of 1,718,000 shares of common stock, which is the number of shares beneficially owned by Progressive Care through PharmCo, LLC. The reduction in shares outstanding is due to the return and retirement of 12,497,938 shares of common stock previously issued to Tarpon Bay Partners.
The Companys share structure does not include any derivative instruments such as convertible notes, convertible preferred, or other mechanism that would be dilutive to the current shareholders.
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