Progressive Care Inc (OTCMKTS:RXMD) Climbing Higher

[[tagnumber 0]][[tagnumber 1]]We have seen some very positive movements from Progressive Care Inc (OTCMKTS:RXMD) lately. After a good run up the charts in the second half of November we saw the ticker climb above the 1 cent per share mark and continue to go up.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Before it could reach 2 cents per share, however, [[tagnumber 6]]RXMD[[tagnumber 7]] took a few steps back and started this month with a price of $0.0137. It managed to stabilize and it was not too long before it began ascending the charts with increased speed. Meanwhile, we were reminded of the numbers that the company recorded in the third quarter of the year.[[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]]Those are definitely not some of the worst numbers that you can see in the balance sheet of an OTC marketplace company, but they aren’t that great either. Meanwhile, there is the matter of the massive dilution which we touched upon in our previous article. Between December 31, 2013 and September 30, 2015 the company stock has been diluted by nearly 1000%.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]There are also more than $550 worth of notes payable recorded in the latest financial report. Still, that doesn’t seem to be stopping [[tagnumber 6]]RXMD[[tagnumber 7]] from making an impressive run. The latest session saw the ticker rise 12.50% in the charts and close at $0.0207, while a total of 8.53 million traded shares generated $166 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And despite the lack of press releases we see that the ticker is doing very well in today’s session as well. [[tagnumber 6]]RXMD[[tagnumber 7]] is 32.85% up as of the writing of this article and it looks like it’s just going to be another great session for the company stock. That, however, doesn’t mean that you should skip doing your due diligence and weighing out the risks before putting any money on the line.[[tagnumber 2]]