Progressive Care Inc (OTCMKTS:RXMD) Going Up Again

[[tagnumber 0]][[tagnumber 1]]Last month went pretty well for the stock of Progressive Care Inc (OTCMKTS:RXMD). The ticker began climbing the charts in the middle of the month and ascended above the 1 cent per share mark for the first time in more than three months.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We saw an increase in volumes as the ticker went higher up the charts, but before it could reach 2 cents per share it came crashing down. Fortunately it didn’t manage to lose all of the altitude it had gained and we saw the ticker stabilize in the beginning of this month. Meanwhile, the company filed its financial report for the third quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 9]] [[tagnumber 10]]cash: $270 thousand[[tagnumber 11]] [[tagnumber 10]]current assets: $1.3 million[[tagnumber 11]] [[tagnumber 10]]current liabilities: $2 million[[tagnumber 11]] [[tagnumber 10]]quarterly sales: $3.3 million[[tagnumber 11]] [[tagnumber 10]]quarterly net loss: $160 thousand[[tagnumber 11]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Not exactly stellar, but still better than other OTC entities. The real problem of the company, however, is the massive dilution that it has endured over the past several years. As we previously wrote the number of outstanding shares in the period between December 31, 2013 and September 30, 2015 has increased from 28 million to a whopping 225.6 million.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, the company stock did manage to change its direction yesterday. After issuing a press release that stated the company will try and provide a cheaper alternative for Daraprim, the drug that received a much debated price increase of over 5000% earlier this year, we saw [[tagnumber 28]]RXMD[[tagnumber 29]] go up.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The ticker gained 9.49% in value and closed the session with a price of $0.015. We also saw 11.97 million shares change their owners and generate $170 thousand in daily dollar volume. Unfortunately, it seems that [[tagnumber 28]]RXMD[[tagnumber 29]] can’t keep these levels and the company stock is already below Tuesday’s close in today’s trading.[[tagnumber 2]]