NextPlat Corporation (NXPL) Share Price

Would it help if they used some cash to buy back shares? I'd rather have less cash on hand than an rs! Then they could reissue later, at a higher PPS 🤔

Good Luck NXPL shareholders!
$NXPL

Only thing with another reverse is there would be next to no shares left. Only a few million

well they had no excuse for the 200-1 RS the first time around. That was OTC, yes, but if these guys want to do a RS, they'll just do it. 

While what you suggest is possible I think it unlikely because they would lose access to the capital markets and it would be more difficult to acquire more companies. I think it more likely they are trying to keep the price under a dollar for 30 consecutive days so they have a good excuse to do an RS. NASDAQ frowns on RSs just to raise the price. We should try to spoil that plan with a few well timed 100 share buys.

"People claimed to have called Glickman and that has got us nowhere"

I called Michael Glickman. I would suggest calling him and asking about submitting a formal complaint to management like you proposed.

When you said him who were you referring to

Not supposedly, I called him. I'm a mechanic and had no intelligent business questions when I called. I would encourage you to reach out to him, even if it's repeating your post verbatim.

With the price going down daily I was thinking about options to try and get some type of answer or response. People claimed to have called Glickman and that has got us nowhere, we have no CC calls anymore to raise questions, we get no PRs anymore, and the idea has been floated about legal action but that appears to be going nowhere. Another idea would be to have a formal letter written and directed specifically to the Board and Audit Committee of NXPL raising our questions, concerns, etc to see if we can get some type of action or response. If nothing is received to keep sending until we do. I am not going to be the ideal person to draft such a document but wanted to raise that idea to the group.

We were told that may be the case several weeks ago.

Sounds far fetched, but it's starting to seem like Fernadez wants to get delisted so they can become a private company and not have to be held accountable for BODs lack of fiduciary duties.

Or Armen 😆 

Somebody is intentionally keeping it under a dollar with those last minute buys/sells. Probably Fernando

They are crooks

Exactly… they will give themselves plenty of new shares, just as I said over a year ago. People like them always make themselves whole.

Quarterly results were pathetic….

NextPlat to Showcase OPKO Healthcare Products at the 2024 China International Natural Health & Nutrition ExpoNOVEMBER 18, 2024 8:00AM EST Download as PDFOPKO Healthcare's Veterinary Care Products to be Introduced at Asia's Largest Health and Nutrition TradeshowCompany Invited to Present at Special Event Hosted by U.S. Consulate General During the ExpoCOCONUT GROVE, Fla., Nov. 18, 2024 /PRNewswire/ -- NextPlat Corp (NASDAQ: NXPL, NXPLW) ("NextPlat" or the "Company"), a global e-commerce provider, today announced that it is participating in the 2024 China International Natural Health & Nutrition Expo (NHNE), Asia's largest exhibition focused on the sales and marketing of health, nutrition and dietary supplement products, as the Company continues to ramp-up sales and promotional activities in China.Held at the Wuhan International Expo Center from November 20thto the 22nd, the China International Natural Health & Nutrition Expo is the premier exhibition focused on health, nutrition and dietary supplements. The bi-annual event is the largest of its kind in Asia with 1,200 suppliers from more than 30 countries and regions, attracting as many as 120,000 omnichannel buyers. At the event, an expanded array of products from OPKO Health Europe, a unit of OPKO Health, Inc. (NASDAQ: OPK) (OPKO), including an initial selection of veterinary and animal care products will be on display for attendees.Additionally, NextPlat has also been invited by the U.S. Consulate General in Wuhan to present OPKO products during the NHNE expo to a specially selected group of Chinese buyers interested in U.S. healthcare products."Over the past few weeks, with the support of our in-country marketing and sales partner, we have seen demand for our OPKO products significantly increase as we ramp-up online and offline promotional activity. Through participation in NHNE, we have access to thousands of potential new retail and distribution partners making it the ideal venue for us to introduce OPKO's animal health products," said David Phipps, President of NextPlat and CEO of Global Operations. "Based upon strong interest in our initial product offerings, through increased inventory, and the introduction of new products for health, wellness and pets, we are confident in the significant sales potential we see in China."As announced earlier this year, the Company has begun the sales of OPKO products in China and supported by a new in-country marketing partner, has recently engaged Chinese social media influencers and conducted experiential marketing programs. The Company is currently in the process of launching new online OPKO storefronts on leading digital sites in China including WeChat which has over 1.3 billion monthly users, and on JD.com, China's second largest e-commerce platform which attracts in excess of 560 million users annually. Additionally, the Company is seeking to secure physical distribution of OPKO products into major retail chains, pharmacies and grocery stores during 2025.OPKO is a global diversified diagnostic and pharmaceutical healthcare company with over 5,500 employees spanning nine countries. The distribution agreement with OPKO's European division represents the first relationship resulting from the Company's Florida E-commerce Development program which includes a merchant sourcing agreement with Alibaba's Tmall Global designed to provide American businesses with easy access to the Chinese consumer market.About NextPlat CorpNextPlat is a global e-commerce platform company created to capitalize on multiple high-growth sectors and markets including technology and healthcare. Through acquisitions, joint ventures and collaborations, the Company intends to assist businesses in selling their goods online, domestically, and internationally, allowing customers and partners to optimize their e-commerce presence and revenue. NextPlat currently operates an e-commerce communications division offering voice, data, tracking, and IoT products and services worldwide as well as pharmacy and healthcare data management services in the United States through its subsidiary, Progressive Care LLC.Forward-Looking Statements

nxpl news out - NXPL to showcase OPKO Healthcare Products at the 2024 China International Natural Health & Nutrition Expo. The Expo runs from Nov. 20th to Nov. 22 and attracts 120,000 omnichannel buyers.

NextPlat to Showcase OPKO Healthcare Products at the 2024 China International Natural Health & Nutrition Expo

https://ir.nextplat.com/news-events/press-releases/detail/127/nextplat-to-showcase-opko-healthcare-products-at-the-2024

What's your pps average?

Presuming you have converted shares, your RXMD shares are currently valued at around 7 tenths of a cent ($0.007). We were at $.0295 when the reverse split occurred.

$1.33 is what NXPL needs to get to for our RXMD shares to be worth around a cent.

Oh wow Ronie. That’s a lot of money. Wish I knew the answer. I’m so sorry that you are so red here. There is always hope

Ron I am sorry to hear that. I'm down a large chunk as well. I hope we get some relief here.

Have a nice weekend

ronle,
I'm sorry you're in that position. You don't deserve that at all.  I'm down about 33k but that's basically my life savings.   Ikr...  shame on me for going in that far.  I can't recover from that.  My family will suffer my foolishness.  Good luck to you.

Gedi, when one is down over $200,000 do you think there is any chance one will ever get back to even? At 75 years of age I'm kind of running out of time. 😮‍💨

Thank you Ronnie. Much appreciated.

Gedi, although we have yet to meet I want you to know this. You are top draw in my book. Thank you for taking valuable time out of your life to provide such cogent information on this board.

Fair point

We would know if that was the case—it would have to be disclosed.

OPKO agreed to purchase shares back on the grounds of being very under valued.

Whether he purchased additional shares here, who knows.

I hope he’s considering averaging down and buying more stock at these levels. If he liked it at over $2 a share, he should really love it at under a dollar.

I’d be curious to know how Phil Frost feels about his $6 million investment in NextPlat—he must be frustrated. Does anyone have his contact information? I’d really like to connect with him and have a conversation.

Many people feel they are not active push up pps but intentionally force it down . No such ceo and his management act like that if they do not want pps down. You can see how they discourage the public even they have some good news....

Bingo.

I don't know of any RXMD shareholder (at least those who don't also work for the company) who thought the terms of the merger were the least bit fair. The Board rubber stamping that deal was criminal.

We all know they suppressed the share price to get a good deal for Charles. That would be hard to prove. But proving the Board didn't look out for RXMD shareholders in the merger? Much easier. It's either in the Board of Directors meeting minutes, or it's not. (I'm simplifying things, but this is the gist of it).

One issue in hindsight is that there is a lack of board representation from legacy RXMD. Jervis Hough is it, while all other 8 board members are either existing NextPlat board members or RXMD board members picked by Charles pre merger. There's no one really to look out for the long time RXMD shareholders. 

LOL...okay think what you want. This is nowhere near a class action. You need at least 10 plaintiffs and the Class has to be certified by the Court. Further, if this ends up as a class action, it is a shareholders suit not a product liability action. You may find it hard to find an SEC lawyer who takes a case like this on a contingent fee basis.

If you think I'm working with the company you are wrong. But to make you feel at ease, I'll step away from this discussion.

Do you think people are in the business of working for free?

Lawyers who don't collect unless they win will only take cases they will win.

Prove management tanked this stock....

Gedi, I find your response quite sketchy. Most firms who take on class action lawsuits get paid only if they win, and if they do get paid, it's not the group of shareholders who cover their expenses.

No offense, but you come across as being in cahoots with the company.

LMAO!!

Seriously though, If the Board decides to move forward with litigation I'm sure you all know it will be extremely expensive and may take years to resolve. Not only will an SEC Attorney be costly, an expert would have to be retained regarding the Valuation issue and the claims of Breach of Fiduciary duty. A lawsuit such as the one being discussed here will cost hundreds of thousands of dollars.

Does Gedis lawfirm accept NXPL shares as payment?

We would be better off using Gedi as a liaison to an sec attorney. If Gedi has interest. We can't start a class action. We need an sec attorney to contact the company on our behalf to force communication with the ceo and let him know that litigation is probable if we aren't given a clear path to what is going on here. Because they hijacked Rx while it was on otc is the problem. They were able to do whatever they wanted. Everything was skewed in the direction of management. As majority owners, the legacy shareholders never had a chance. And there was no benefit to us. In court that would be obvious as to what was done here as it's of public record. Problem is the suit costs money and I'm not sure what we would actually gain. I know what the lawyers would gain. 
I'm wondering, since Gedi speaks with the IR puppet, maybe he can ask to speak with Fernandez? Should the ceo not want to speak with a single shareholder since he speaks to us  never at this point, would be telling. It's worth a shot and we could come up with questions for Gedi. Again if he's willing.

Lawsuit info: for those of you interested in the class action lawsuit against Fernandez and the Board of Directors, let's start sharing potential firms to contact. Here's one:

https://guerrallp.com/

Thank you my friend. I share your concern and point of view. I do believe that at some point Fernandez has to come from behind the curtain and talk to shareholders. I do still believe that this will recover thus my buying today. I’m going to try and stay positive with my investment here. Now that the impingement costs are behind us and the merger is complete the charges we just felt in Q3 with those 2 items are gone. The online store seems to be doing well. So it’s on to Q4. Good luck to us all.

Good luck with your new shares Gedi! I have cash but I'm not feeling like I can average here. I agree that insiders are underwater and I hope that they are not happy about that!! What confuses me is that NXPL management doesn't even try to share a vision that would attract investors, and reverse their loss. I know about the PR's for NXPL China sales and other business segments, but what happened to expanding the RXMD business with locations, technology products, healthcare products (OK, the vitamins are a bit hopeful, if they can compete), ...anything innovative other than reselling drugs. I get the feeling that RXMD is set aside and will go stagnant as focus is an overall regret about investing in a healthcare company (that is my take from Flaker's visit today). If that's true, they should just finance a profitable sale back to Armen, or better, Shital. I know that will never happen, but my hope has degraded to wishing. I invested in and I miss the communication that came from Shital! Even Armen was hopeful, until he made a bad deal for himself and shareholders alike. I believe Armen had good intentions toward shareholders and he lost everything because he wasn't smart enough to make a solid deal with contingencies.

Charlie needs to communicate if he is honest about wanting to do right by former RXMD shareholders, and if he is serious about wanting to reverse his loss on the shares that he owns today, vs. the shares that he'd issue himself after another rs. That's my worst fear here. Is that fear justified? Trading below $1 it at least seems possible.

When I did it in June, I felt bad about realizing a 60% loss on 50% of my investment. Now, I'm wondering if I should have closed my position. My position was large. My loss is large. OK, I've said my thing, I won't keep repeating it. I hope that I'm given a reason to resume posting positive content here!! But I can't make it up, it needs to be based on communication from inside.

IMO

Good Luck NXPL Shareholders!
$NXPL

Exactly.  This type of incompetence isn't normal for CEO's 

If I can afford it me for sure!
I'm really broke right now.  Charles robbed me.

100%!

Unless it’s all intentional

Sorry peeps. Yes I bought more because I believe the sell off was way overdone. The shares I bought today brought my average down. The big investors who plunked their money here are way underwater. I would think they are not happy. Something has to change.

You been doing this for years ... and its been going straight down ... money pit 

I'm in for the lawsuit. 3 so far, who else?