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Rising RNVA
It is necessary
🤑🤑🤑🤑🤑
Quite the FUD lineup they bringing in tonight
Did anyone try to put pencil to paper for this 22 million note due in two years that bears 8% for the first 6 months and goes up to 12% for the balance of the term and carries a 20% default rate and upon this default will be converted dollar for dollar in shares for outstanding principal and accrued interest???? I did. Payment 1 through of 995,000 per month thru the first 6 months and then jumps to payments $1,025,986.75 for the balance of the term which will be 18 month. So FOXO is supposed to make payments of no less than 10% of FCF which will have to be FCF of $10,259,868 per month. So let just say they are running at a FCF of 20% revenue, that's 50 million per month such that free cash flow is supposed to be 10.2 million per month to make one monthly payment. YEAH RIGHT!!!!!!!! Don't even get me started on what the payment will need to be when the rate jumps to 12%. This is just a not so cleverly designed mechanism for the insiders to line their pockets with stock with toxic preferred stock conversions that you know they will sell as soon as those shares are issued just to stop the 20% interest rate from accruing interest on the unpaid note balance which will still be 22 million plus all that accrued interest.
Worst stock deal ever for anyone holding either FOXO or RNVA.
There is nothing left here for shareholders. It's merely a pump to get more people to buy that other losing stock. That will end bad like this did. This ends with revocation of the stock registration.
Because you buy crap.
Form 10-K is an annual report that publicly traded companies file with the SEC to detail their financial performance and business operations. The disclosure of dividends in a Form 10-K depends on the company's history of paying dividends and any plans for future dividends:
History of paying dividends
Companies with a history of paying dividends should disclose if they expect to continue paying similar dividends in the future.
No plans to pay dividends
Companies that have the financial ability to pay dividends but don't plan to do so in the foreseeable future should explicitly state this in the filing.
Changes to dividend payments
Companies should disclose any expected changes to the amount or rate of cash dividend payments.
Other types of dividend disclosures include:
Stock dividends: The amount of retained earnings transferred to permanent equity should be disclosed.
Declared but unpaid stock dividends: This situation should be disclosed in the footnotes.
Liquidating dividends: Shareholders should be advised and the facts should be disclosed in the financial statements.
There is a Latin term for this flawed logic known as "argumentum ad ignorantiam", or appeal to ignorance. It occurs when someone claims that something is true simply because it hasn't been proven false, or vice versa. In this case, Filter, you are essentially arguing that RNVA shareholders will benefit because Diggy can't prove that they won't, which is a classic example of this fallacy. This logical fallacy shifts the burden of proof and assumes that the lack of evidence against a claim is evidence for it, which is logically flawed. But I really wouldn't expect you to know that. I sure am glad our system of justice or common law for that matter has taken great pains to eliminate this logical flaw from miscarriages of justice and is immediately called out by a judge when a flunky advocate tries this tactic in a court of law. Lawyers and advocates are expected to rely on evidence and sound reasoning, and when they attempt to shift the burden of proof or use flawed logic, opposing counsel can object or point it out during cross-examination or closing arguments. Judges also have the authority to provide instructions to the jury to disregard misleading arguments that do not follow proper legal reasoning like argumentum ad ignorantiam.
Show one things that states RNVA shareholders wont see a rise in price from owning and controlling FOXO with minimal liabilities in the Company?
Ive never seen a stock that would show such a thing
That wick is smoldering
10/12 days green on $FOXO. And yes we OWN & Control them
It should not be much longer before everything shakes out.
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| Moderators LCJR Filterthenoise JOHNNY-VEGAS canthelpit | |||
WARNING: ENDLESS REVERSE SPLITS UP to 1:10000
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