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There was no income from the building so the tax shouldn’t be that high, Seamus needs a Real Estate Attorney to protest that tax, it’s punitive. The Local government is mad because the hospital was closed.
It was only $122k for one year...I'm guessing with the 2nd it would double that + more fees maybe? I don't know I"m guessing $250k max total. ? They have that kind of money right now if they wanted to secure that asset they could have. Now I guess its off the books and if they want it back they can get it back in a year when profits should be looking even better?
$122k for 2022...not sure about 2021...I tacked a few extra $'s on for fees on that one being later.
15:30 mark.
https://www.facebook.com/watch/live/?ref=watch_permalink&v=1126576455322878
imho
mj
That would be a very bad business deal. A company would only buy shares back with any “extra funds” and not funds they require for business. That’s just reality. A company in this condition is not worried in the least about share price. That’s just reality. They are focusing on keeping their company running and that seems to be a challenge. Otherwise, the filings would be on time and they would be keeping shareholders up to date at least quarterly. I’m invested here as well but took that gamble knowing the risks. Lack of news in such situations makes the mind work overtime in hope. Keep reality in the forefront.
LCJR
Another lousy day, but now...some are trying to twist the tax thing into something good.
On to tomorrow, and what else can this ticker screw up!
RNVA!!$$$$$$???????
The taxes due are ridiculously high, especially in a Red State.
Wonder if the interest and penalties they would have to pay is less then the one year interest that was forgiven?
Yeah..I know the deal..it is interesting they get a year..be really dumb to let that real-estate asset go for f'n taxes...smh..we'll see..sure there is some plan..
Again RNVA didn't sell the property they lost it. Seamus has one year to reclaim it. The city sold it with conditions and/or stipulations in place apparently. Must be some loop hole for RNVA to have that one year opportunity.
Good job! I was getting a headache...means nothing to me..I did find assessments ranging from 3-6 Million for the property!! That was Trulia/Zillow though..either way not a good move to lose it..we'll see what the deal is I hope?
Reread the article. I can't be 100% certain but it reads to me that the city sold the building NOT Seamus or RNVA. RNVA lost the property due to what they are good at . And that's being delinquent. Seamus has one year to reclaim the property if he pays the one year taxes plus all the accrued fees and penalties etc......,,so stop with the nonsense. our CEO yes mine too sucks..until he actually turns the share price around without screwing us in the process.
This one sounds pretty good as well...Being profitable in this industry will likely shoot up some flares that someone will eventually notice. And as far as that goes we are looking pretty good there for 2024.
nfrequent
Re: ADVFN_curncman post# 162262
Friday, January 12, 2024 10:56:39 AM
Post#
162267
of 168735
I just went through a complete list of Nasdaq listed hospitasl. Few have earnings, just losses. RNVA is outperforming all except maybe one comparable PNTG trading at a P/E of 37/1. By comparison, $4 million earnings (py) on 40 billion shares equals a P/E of 1/1. At a 37/1 P/E like PNTG, $4 million in earnings equal a PPS of .0037. Duh.
imho
mj
There has been talk in that ball park around here for a while it appears...
nfrequent
Re: MDA post# 162466
Tuesday, January 16, 2024 11:43:20 AM
Post#
162469
of 168734
RNVA, already profitable, is a sweet merger target for a company greater economies of scale (HCA for example).
imho
mj
what if ceo sold JAMESTOWN and uses that money to BUY the rest of the shares BACK from RNVA 🤔🤑🤑🤑🤑😉
Sounds like a Lester Clark took over the Jamestown location if that name means anything to anyone.
imho
mj
The $RNVA BUYING CONTINUES!!
I remember a few here saying "no news is good news". Now, we've got the same folks trying to twist negative tax news into something other than bad news! If fins are still gonna be a waiting game, this ticker better put out some news.
RNVA!!!$$$$$$$??????????
ROGER THAT AND SO SOONER SO BETTER !!!!
IM SMELLING SOME KINDA BUYOUT
SOMETHING IS HAPPENING BEHIND CLOSE DOORS 🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑
GO RNVA😉😎
R.Kelly believed he could fly and soared straight to prison...
Seamus said he believed they could reach a $25-$30 run rate by the end of 2023...meaning you might see those numbers in 2024...but not 2023. However if they do increase revs in 2024 to those numbers with all of the cost savings from restructures etc... that bottom line could be a nice surprise for 2024. We will get a glimpse of that in the Q1 filing to see where they stand there.
imho
mj
The Jamestown property accumulated over $135,000 in unpaid taxes since 2020 according to the Tennessee Trustees Asssociation.
Also, this NBC News article paints a more detailed picture of the hospital's history. It would be an uphill climb for Rennova to reopen this facility.
https://www.nbcnews.com/health/health-care/already-struggling-nation-s-rural-hospitals-face-another-challenge-profit-n1250912
I prefer to focus on the two success stories of BSF Medical Center and Myrtle Recovery Centers
Current price of RNVA IS SO UNDERVALUED ITS SAD
40 billion shares x.000001 is $40,000 dollars
At .00001 it’s only $400,000 dollars
And .0001 $4 million
Yes just the commercial real estate our hospitals sit on are worth way way more than $4 million .
The price correction must take place soon
Soon as the filings with $30 milly 2023 hit
Doesn’t everyone think that’s just like marlago at $18 million
Value more like $200 milly
Doesn't Diamantis already own more than half of this thing? Maybe he's looking to buy the rest and take it private? With the past restructurings and Insider trading rules utilized etc... If they were to put out the 10k followed by the Q1 the price could move up a good few ticks skewing any potential deal that has been worked on? There is still a good deal of debt..so I don't know if that would be the case or not. But who knows. As long as the company stays mute anything is plausible with their revenue and profit trajectory. I believe Nfrequent mentioned in the past that the CAH could be listed as an asset but hasn't been...if I remember correctly?
Again I'll take .0025 right now. With the debt etc...I wouldn't think the .25 range would be in the cards just yet as was mentioned a few minutes ago by someone...but I would gladly take that too haha...
imho
mj
Umm let's see. one Big V two JMONEY and three Charlie yep that's three mentions of a buyout if I counted correctly
Wait!!!!! This is the third mention of a buyout here !!!!
Could it be true????
Stay tuned
A TOTAL BUYOUT TAKEOVER SHOULD NET US .10/.25 a share as the as woukd disappear and the is would be bought up for only $4 million dollars .
RNVA WOULD THEN ONLY HAVE ZERO SHARES OUTSTANDING
Yeah one would think the building would be worth more...unless its become very run down as its just sat or maybe there is a buyer and they don't want it? Maybe they couldn't get CAH due to the University building being right down the street? Other than that I don't know. Here it sounds like one year of those taxes was just 122,000 for just 2022. VID from April 15th 15:30 mark https://www.facebook.com/watch/live/?ref=watch_permalink&v=1126576455322878
Going back to your comment about it being worth more..that is why it feels like something is up here with this move..could it be an acquisition one way or the other...who knows. But it does seem the building would be worth more. That is why I thought maybe Diamantis swooped in to get it off the books for whatever is going on ..even if it is just to clean things up and remove that $250k off the books for both years. And then Rennova can relclaim the building within a year when they are on a little be better footing. Who knows..lol But they have been good about filing 8k's with everything..so maybe we get one soon explaining?
But it sounds like $122k for 2022 and then likely double for both years? $244k
imho
mj
What is Charlie saying now? Come on post something.
I’m not dwelling on anything, it’s just a little rubber-necking. Good Day & GLTU.
Why dwell on the past ????
What good could it do anyone here
Peeps are already on this if they are here????
Plus at that time earnings did not pay the bill s
Well Frynak!!!! Earnings do pay the bills now !!!!
Plus profits $$$$$
So no DONT go the NSS Vegas post and dwell on it !!!
What a bunch of negative outlooks
Why are you here if Rnva is so bad????
Sure is consuming a lot of your time
Dwelling on Rnva ??????
Wait all that free cash flow,revs, and profits, and you have the audacity to suggest a buyout. Shame on you.
Take a hike with your crap. YOU ARE NOW DONE HERE. Great job here with your leader Ay?
How much was the past due taxes? I doubt that Seamus would let that building go just for non-payment of property taxes, there’s far more value in that building.
From this level I will be happy with .0025 or above..SOLD! . IF someone was going to make a move now would probably be the better time to do it. Once this legacy stuff is cleared that price could get a little steep. They do seem to be clearing what they can off the books at a pretty rapid pace and now having one stand alone profitable hospital. I believe they easily could have held onto Jamestown if they wanted to with a portion of the profits from just 1 quarter.
imho
mj
could there be a potential BUYOUT 🤑🤔
Everything you just wrote has gone through my head..good job putting in words..I suppose if the price was cheap enough and we have to assume it was being just a years taxes someone would be willing to wait a year to see if they get it? I know I would buy as much property as I could afford for a years taxes and hope I actually get a few? RNVA sure likes to keep a mystery going at all times..What happens tax wise with an asset that is not an asset but could be again within a year?LOL!
Yeah it just feels like maybe there is something going on with this more than they just lost it or let it go. Why would they just let an asset of that size go for what is probably a few hundred grand? It seems they would have to have the money to at least start making payments or whatever they would have to do if they wanted to keep it. Unless of course now the hospital isn't in the best physical condition etc?
They seem to be making every move possible to clean up the books as quickly as possible. Maybe some deal in the works one way or the other and they just wanted it off the books immediately...and then they do somehow have the option to take it back within a year if they choose...what kind of deal is that...it sounds like buyer isn't opposed to this option? So that all is interesting as well. Generally I would think whoever is buying would have their own plans and wouldn't consider letting Rennova take it back. I figure we will find out eventually what all is going on...but it would be nice to know who stepped in and took the building over. That info might provide us a good bit of info before the co even speaks.
imho
mj
Well hello everyone, just a reminder for those that need reading glasses, put your glasses on and look at the top of this board, in yellow JV has a warning to everyone, every once in a while take a look at that post, it will sort of ground you. Good Day & GLTA
Yeah I'm not sure either if they give that info over the phone or not. I believe the info is public..but it says that the papers must remain in the Registers office at all times. So it sounds like the info may be public. But we may need boots on the ground.
imho
mj
Yeah..I didn't catch that before..hmm
Ya. It truly doesn't matter. If anything shareholders are safer, protected from dilution lol
I tried to search assessment records online but had no luck..If someone wanted to call I'm not sure if they have to disclose but it should be public info at some point? This is interesting "He said former ownership has a year to redeem the property, but will have to pay interest and penalties if they choose to do so."
The former Jamestown Regional Medical Center facility sold at noon Friday at a delinquent tax sale at the Fentress County Justice Center.
Fentress County Finance and Budget Director Tyler Arms said the hospital had not paid taxes in two years. He said former ownership has a year to redeem the property, but will have to pay interest and penalties if they choose to do so. He said the purchase clears a year of delinquent taxes for the new owner, but the remaining year of fees will have to be paid.
“We would love to see it be a hospital again for the citizens again for the citizens, but, I mean, it’s pretty unrealistic at the point, I think,” Arms said. “And the current owner, you know, they’re not in the medical field. Not saying he couldn’t sell it or lease it or something to someone in the medical field.”
He said the hospital has paid in the past, but after running two years behind, the county needed it back on the tax roll. He said the biggest concern for the county is not having a hospital in place.
Yeah so many buys on a .0001 ticker over a 9 month period with no bid. There has been some serious accumulation here. I would like to know how much of this float is being held tightly. There might not be as many available as it seems.
imho
mj
Jay Tee I would be very happy if Seamus unwound every single reverse split
Even when doubt starts to creep in due to this tickers incompetent leadership...nothing changes.
Low volume. Dirt cheap pps and the ask is climbing.
RNVA!!$$$$????????
I agree! I’ve never seen so many trades below par all over! These .000005-.000001’s is occurring all over the otc’s no bidders.
and then another 15 days after that?..LoL ... So looking like half way thru July for the time limit for the 10k?
----When a company no longer meets the requirements for Limited Information, it will enter a 15-day grace period. At the end of the grace period, if appropriate disclosure is not publicly available, it will be moved to the Expert Market where there are no public broker-dealer quotations. Broker-dealer quotations will only resume upon clearance of a new Form 211 with FINRA.---
https://www.otcmarkets.com/corporate-services/pink-market/pink-current-and-limited-information-disclosure-guidelines
imho
mj
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