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| RXMD working with broker/dealers, clearing firms, and regulatory agencies regarding Regulation SHO violations caused by naked short selling of the Company's securities in the market. |
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 Hot Stock to Watch |
Company: Progressive Care Inc. (OTCQB: RXMD)
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Last:
Price: 0.0895
Change (%): - 0.0055 (5.79)
Volume: 5,719,611 |
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Progressive Care Begins to Take Action to Combat Naked Short Sellers
MIAMI, April 17, 2018 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTCQB:RXMD), a healthcare services and technology company, announced that it is beginning the process of combatting naked short selling of the Company's stock.
The Company has begun contacting broker/dealers, clearing firms, and regulatory agencies regarding Regulation SHO violations caused by naked short selling of the Company's securities in the market. The Company is taking the matter seriously and intends to work with regulators to ensure the stability and integrity of the market.
The Company also clarified the conversion rate for Chicago Venture Partners (CVP). The facility provided by CVP allows for a bifurcated derivative liability which denotes two scenarios for conversion...
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