Hours of EDGAR Operations: The hours of operation for submitting filings to the EDGAR system are 6:00 a.m. to 10:00 p.m. Eastern Time weekdays (excluding SEC holidays). If a filing is submitted after
5:30 p.m. Eastern Time, it will not be deemed filed with the SEC until the following business day (except for filings made pursuant to Rule 462(b) and Section 16 filings, which will receive the date of the
actual filing if filed by 10:00 pm Eastern Time).

IF its a situation of way over shorting...they will only cover when forced to. RNVA just has to have the goods. Pretty much simple as that..and by the looks of things they got it. However they have to have enough of it to start killing the legacy issues one by one which again it appears they are on their way with that as well. Paying down and restructuring debt and other securities along with a strong revenue source and profits is a tough mix to fight. People in these communities need these services and RNVA is there to serve them profitability by the looks of things. That's a nice recipe for growth.

imho
mj

Rural-Urban Healthcare Access Gap: It’s All About The Fixed Costs

https://www.forbes.com/sites/gebai/2024/01/21/rural-urban-healthcare-access-gap-its-all-about-the-fixed-costs/?sh=e3e1cf46288f

RENNOVA HEALTH, INC. OWNED HOSPITAL RECEIVES CRITICAL ACCESS HOSPITAL CERTIFICATION
Download as PDFDecember 03, 2021
WEST PALM BEACH, Fla., Dec. 03, 2021 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTC: RNVA) today announced that the application by its hospital, Scott County Community Hospital, Inc. (DBA Big South Fork) in Oneida, TN, for designation as a Critical Access Hospital (CAH) has been approved by Centers for Medicare and Medicaid Services (CMS). The effective date of approval is retrospective to June 30, 2021.

CAH status means the hospital will be entitled to a cost-based reimbursement from Medicare, which has the potential to increase revenue. There are a number of benefits of CAH including that capital improvement costs are included in allowable costs for determining Medicare reimbursement. This special reimbursement that CAHs receive is intended to improve their financial performance and thereby maintain access to basic health care in rural areas by providing rural health networks and rural emergency medical services.

“We are delighted to be granted Critical Access Hospital Certification for this hospital,” said Seamus Lagan, CEO of Rennova Health. “The opportunity for increased revenue and reimbursement is a welcome boost to the facility for the needed service it provides to the local community.”

About Rennova Health, Inc.
Rennova owns rural hospitals and a physician’s office in Tennessee and a physician’s office in Kentucky. For more information, please visit www.rennovahealth.com

imho
mj

Page · Hospital

18797 Alberta Street, Oneida, TN, United States, Tennessee

(423) 569-8521

info@bsfmedical.com

bsfmedical.com

Always open

Doesn't look like they plan on going anywhere :)

imho
mj

LoL lets start with .00015...We get that we might be on to something short term...Chit @.015 I will be crying and I'm in the stock..LoL

imho
mj

RNVA has traded roughly 1B vol in the past 21 trading days with the much greater majority being at the ask. I'd say something is a foot here. That is pretty good for a ticker with no bid. Not to mention how many have been traded in the past 6-8 months. Interesting turn around story with this one. I don't know how long it takes to burn thru everything hanging over head or at least enough to trigger the start of a price correction but I'm willing to wait it out. The K and 1st Q should provide a nice 1-2 Punch. That $1.5M savings in interest expense should have a nice affect on things :)

imho
mj

Theres the rest of my order from 20 min ago..lol Just hit the tape...what the hell is going on here?

imho
m

Seems like some kind of hocus pocus going on...I just took another 22M but only a couple of 50k orders showed up on time/sales etrade. Whats the scoop?

imho
mj

hm nice volume...no reload ?

imho
mj

Nice to see volume back on a little upswing here.
imho
mj

Afternoon all...is this the week we see 2023 results? Let's see what we got here.

imho
mj

That would be a beautiful thing. I generally try and keep things conservative. Higher expectations can lead to greater disappointment. If numbers come in over...I'll just add more shares. I am slowly approaching what I am willing to let ride here a numbers surprise would just speed up that process a bit.

Between the trading rules, the CAH cert, restructuring of debts and securities, assets, increasing revenues, and most of all profits...There are so many possibilities here of how this could play out...but whichever route they take in the end they all mean a much higher share price and valuation then what we see today.

imho
mj

I guess we shall see. I wonder if this will be the one that tips the scales? If they show $20M or more revs and $2M or more in Profits..I would have to imagine someone with some deeper pockets will be taking a look in to see whats going on here legacy issues or not. Time and Profits can do some amazing things to heal up a troubled past.

imho
mj

RNVA Will this be the release that finally lifts the anchor here? Lets set sail for .0005 and base there for a few months at least :) The fins are getting better and better...almost unbelievable for a .0001 stock really. But we do still have a little carry on baggage and the markets seem to stay focused on that. Hopefully we are nearing the final straw before a bigger investor whether retail or commercial gets involved here.

imho
mj

Seems like some kind of cleaning up going on with the trading as well. Some interesting low ball trades below .0001 going on today. It would be nice to know what all that meant and how close we are to hitting the end of those. I manage to grab another 1M for .00005 today.

imho
mj

I can see it! I think Seamus has taken this whole mess as a personal challenge. He could have taken his ball and went home when he was being called an Irish Gangster on the evening news in Tennessee..lol. Instead he hunkered down, put out a plan and followed it meticulously to where we stand today. Looking back at the fins of a few years ago things were not looking pretty. He has done an amazing job over the past 2-3 years in my opinion. I figure he has his sights set on Nasdaq to see this thing through. Hopefully we are trading pennies when the time comes for that R/S.

imho
mj

Seems like some different action going on here today looking at the tape. Would love to see these .0001's disappear before fins are released. If they are good let folks chase .0002's to start. Maybe the big buyer from this morning has brought friends or followers?
imho
mj

I don't know if this is a good sign or bad...but this time I got 500,000 at .00005 lol

imho
mj

And it also appears they believe this is potentially the filing that moves this ship off the dock. Never know maybe they bring friends? That was a pretty good chunk to bite off.

imho
mj

Some nice volume...Maybe we clear the .0001's before fins and let others chase .0002s ? I may be in the market for a few more :)

imho
mj

Top of the morning to all. Let's see whats in store for today. Fins by weeks end?

imho
mj

I am stuck on this. This is huge in my opinion...

“The debt restructuring improves our balance sheet and will save approximately $1.5 million in interest expense annually."

I don't know if we will see any amount of this show up in the Q4 or if will start with Q1 2024. Either way its coming. And don't know what it will take to move this share price but the pieces certainly seem to be coming together. This one feels like it could be special.

imho
mj

Certainly something is coming for this asset.

Moving forward

We began 2024 with positive operational momentum and seek to build on recent achievements to: (i) further expand our healthcare services offerings in the communities we serve, (ii) consider options to reopen or create value from our closed hospital property, (iii) continue to improve our balance sheet and overall financial condition, and (iv) further reduce litigation and related costs.

In one of the interviews they did mention starting with behavioral health in that building before reopening. It will be be interesting to see what comes about.

imho
mj

No thx...lol. I'll ride with RNVA. They have the stable business with growth potential. And we supposedly get benefits IF they ever do get that thing off the ground. I am glad they got it out of RNVA...there is no guarantee that thing will ever find a place in the industry.

Speaking of INQR. Didn't we have a note for like $2.5M due from them at the end of the year?

imho
mj

Yeah but even if they drop off to EM. As soon as they file I believe they are right back on.

imho
mj

Ehhh...We are investors in a company with no bid based on what we have seen from the company in hard PR's and filings...not a whole lot of followers over here. Zero pump from the company. The performance of the company has turned. We are just waiting for the price to follow suit.

imho
mj

Oh and I did have to change my buy price back to .0001. It showed .00005 as the price when I opened up the box to buy but it wouldn't allow the trade to be placed there. I tried that first... it blocked me...then I changed it to .0001 to get the order placed. But I did get the 00005 fill then the .0001.

imho
mj

This time I did notice something different. Using etrade pro. When I clicked to buy it actually showed me .00005 as the buy price but It doesn't show how many are there. So I retyped the order for 1M to see how many it would give me at the .00005 price if any... I got 50k at .00005 The rest filled at 950k. And we are only lucky if the stock moves in our favor. LoL

imho
mj

check time and sales. I think i was the last trade today... you should see 50k and 950k. I believe I even messaged that I was about to try it. Back a few months ago I didn't believe it myself either..so I just kept slinging out small orders..and then I got some when others were getting filled. That is why i tried it again today when I heard they were being handed out..lol

imho
mj

I use Etrade. I have been doing this a long time now...This is first stock that I have ever gotten these fills on. Since I have been slowly adding..this is the 2nd or 3rd time I have gotten .00005's I don't now how or why. But I would have taken them at .0001 so I'm good with it...lol. Unless it means something that I don't know anything about and keeps us pinned here for years more..lol

imho
mj

Probably not...they will just continue at higher levels once we break from here. They always seem to be around. lol

imho
mj

Last year it came on the 27th...over/under on a repeat after hrs?

imho
mj

Ok I got 50,000 at .00005 on a 1Mil buy at .0001..lol

imho
mj

let me try..lol

almost as good as the puppybowl.

imho
mj

I forget what do you make of the trades at .000001? That just seems so odd to me. I'd take a bushel of those if they will sell those to me..lol

imho
mj

Gotcha thx!

imho
mj

CAH = EPS ?

https://www.forbes.com/sites/gebai/2024/01/21/rural-urban-healthcare-access-gap-its-all-about-the-fixed-costs/?sh=1ee0ec576288

IMHO
mj

Governor Lee Says Special Session Passed 4 Of His Proposals
Tuesday, August 29, 2023
Tennessee Governor Bill Lee on Tuesday marked the close of the special legislative session on public safety and "thanked Tennesseans for engaging in continued efforts to strengthen safety across the state."

He said four of his proposals passed both chambers, including an appropriations bill designating more than $100 million in public safety funding.

SB7088/HB7041: Requires TBI to submit a report on child and human trafficking crimes and trends in Tennessee by December 1, 2023, and annually thereafter.
SB7086/HB7013: Requires reporting of accurate, complete and timely records from court clerks to the TBI within 72-hours and requires electronic submissions of dispositions and expungements to the TBI.
SB7085/HB7012: Directs the department of safety to provide free firearm locks to Tennessee residents upon request; requires department-approved handgun safety courses to contain instruction on the safe storage of firearms; exempts the retail sale of firearm safes and firearm safety devices from sales and use taxes beginning November 1, 2023.
SB7089/HB7070: Appropriates $50 million in grant funding to mental health agencies, $30 million in school safety grants to public and private higher education institutions, $12.1 million in recruitment and retention bonuses for mental health professionals, $10 million additional funding for school safety grant fund, $4 million in funding for the mental health safety net, $3 million in funding for the behavioral health scholarship program, and $1.1 million to fund a public safety campaign for safe storage.

Anyone else out here have any potentially profitable .0001 stock plays ? If so i'd like to check them out...I'll wait. Profits have a funny way of taking care of legacy issues. Haven't seen many or any of those at .0001 in my almost 20 yrs out here. :)

Imho
mj