How Long Can Progressive Care Inc (OTCMKTS:RXMD) Go Up?

[[tagnumber 0]][[tagnumber 1]]The past few weeks have been pretty great for the stock of Progressive Care Inc (OTCMKTS:RXMD). After busting out above the 1 cent per share mark last month we saw a bit of hesitation, but the ticker quickly returned to its upward direction.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]RXMD[[tagnumber 7]] was gaining quite a lot of height and the volumes increased. The company itself isn’t doing that badly when it comes to business, but the numbers contained in their balance sheet are still not that good. Here is a quick example of the one contained in the Q3 report.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $270 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $1.3 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $2 million[[tagnumber 13]] [[tagnumber 12]]quarterly sales: $3.3 million[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $160 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The real problem with [[tagnumber 6]]RXMD[[tagnumber 7]] is the massive dilution that the stock has been put through. As we previously wrote, the company stock has been diluted by nearly 1000% in the period between December 31, 2013 and September 30, 2015.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This was still not enough to stop [[tagnumber 6]]RXMD[[tagnumber 7]] from climbing the charts and the ticker gained another impressive 28.99% in yesterday’s session, closing at $0.0267. Still, things might be changing pretty soon as the company stock is already 17.98% in the red as of the writing of this article. In any case, be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]