Oil tankers sector news.


https://www.marinelink.com/news/maritime/tanker-charter-rates

TNK also has better entry/exit & support indicators with lower price point. An moves oil.

http://schrts.co/fYTYRS

As always play at your own risk.

Actually recently closed a gain 1.10 to 1.19 there and re-entered today

DRYS has a nice flag stopping @ 50% FIBs on market dive today. I personally have a starter position in TNK. FIBs down to 38% today. Stronger chance for breakout from that level.

I ended up with 13 mil of 1's, but only bought 3 to round out my holdings number. (I like things neat. even numbers ,LOL) The other 10 went through on a standing order on the no bid day. SUPRISE

I mean why buy .0001, when you know you can't sell for .0002? Now all those .0001's are going to need a 5 cent double to 10 cents for a double. slim chance for that.

If it wasn't for the unexpected no bid that closed me, I wouldn't event think of throwing good money after bad to average down.

It's all in the numbers, especially on the OTC. And the numbers say I wasted $1300 since No bid.

For some reason you seem to be forgetting your in the OTC. And I know you know. It's all about the number here. Not the company.

Nothing is going to stop a sell off after a reverse split on the OTC. Unless the company funders and insiders slap the ask really strong, after.

Since they let it go no bid before (which make no sense) I don't expect them to do that.

My call is plan a get even plan; take some losses, (a portion of total holding) put that cash in a high divvy stock while watching the new walk down and when the powers decide their done and want to start to build the company store line again. Close the divvy and buy back after a bottom bounce. This all could take months IMO.

We'll see. But any way one looks at it IMO nothing positive will be seen this year and a loss now can help with this years taxes. And a turn around next year, will build your restructured position then.

My guess is many bag holders mistakenly, still think they can average down their losses better before then after the RS.

So, with this down market, it's been hard to find good swing trade choices. I still feel the S&P has a downward look as gaps get filled. So over the weekend I did some down beaten sectors with upward potential research.

Take a look at and keep an eye on shipping. Specifically tanker companies.

The US has been increasing oil exports and tanker contracts have almost doubled in the last months.

Do some homework, the stock price levels for this sector are low enough to produce nice sized gains, many under $5.00. Not to hard to find flag patterns there.

https://www.finviz.com/screener.ashx?v=141&f=ind_shipping&o=-perf4w

Tell them your Julies uncle. She one of the owners daughter.

As for every closing for a double. I notice 5 mil sold and 50 mil added to the ask. This is a wonderment? where's all this .0001 losses ask coming from!

I would still have plenty left for any move north. Just setting up my get even plan.

Slap that ask. (lol) All I need is $15K spent today and my 13 mil for sale @ .0002 can start to close for a double, before the split. LOL !!

I'll Take a look thanks.

Just finished in NNRX. Expect to see a third pop. Watching again.

HUMMM wonder when they changed PAR value from .01 to .0001? And how with no notice of change.

I can see the logic of buying .0001, but not selling at those volumes. My 10 mil .0001 standing order closed after being open 3 days. Ps; that 10 mil is now for sale @ .0002. We'll see if the .0001 bid comes back or the powers that be keep no bid enforce. Proving the orchestration.

Penny stock info;
http://www.pennystocknation.com

Triple zero stock info;
http://www.pennystocknation.com/tripzeropennystocks.html

Some good info for those who haven't really known what they are doing. LOL

I think I have no idea of what has been happening there. SURE dilution drags price down to the triple zero area sometimes. But not with a company with this ones assets. And with $10's of millions spent in private placements in 2017 & 2018 with no way to see price paid. Event so, PAR is .01. That's the bottom the company has as of the last Q report. Shouldn't be able to change without shareholder vote or announcement..

Things are confusing!!! As the last PUBLIC offering close in Apr 2017 to SHABBY & sub's went for over a buck, with warrants @ .39.

And every private or public offering along with 10K's and 10Q's stating PAR value of .01.

SO; there should be no way the company can offer and sell below .01. Plus the CEO just converted $250k @ $1.

How the hell or who the hell can and/or will dump at sub par is a wonderment to me.

All I do know is; I will be ending up with the largest loss in my trading career, someday, with this one. And have no idea how they (the insiders & venture capitalist) benefit from shareholder losses. When theirs have to as large as most shareholders. It doesn't event make sense to reverse split at this point. IMO

For any investor selling 1.74 billion shares @ .0001 can't profit! But they are deluding down there anyway?

I'm not a complainer, because I cause my own failures and accomplishments. But would recommend someone to call the transfer agent about this NO BID situation. There was an entity (be it company or listing market maker) who told them to go no bid at 10:30 am on this Friday.

That means everyone, you can't sell for more, until there is a bid. And if this lasts to long it will be delisted from the OTC. Just like a dead company with no CEO or assets.

Mechanics of my swing trade portion of my trading portfolio.

Thanks for the info on THM. But I normally swing trade the charts, not the company.

chart below

The chart has a flag pattern with price target of .74. Took a small first 1/3 position @ .57, on market close after a bottom bounce. Will go larger, 2/3 total position, if .66 top resistance broken.

Since the trade goal is up +40% from flag bottom, my acceptable loss is -20% or .41. I should mention, this one, is a little larger then the average swing trade for me. Try to find gains in the 10 to 15% range, not 40%.

read this link first --- https://investorshub.advfn.com/boards/read_msg.aspx?message_id=79890992

Always have gain & loss sell points, placed day after entry, for every trade entered. With the acceptable loss being half the chart gain target. Using a 1/3 - 2/3 entry plan, I reduce overall losses if chart pattern doesn't work out. And have a chance to sell out early before acceptable loss is hit, if things look too bad.

I try to trade 3 stocks, on 2 week time frames. With close to equal price gain ranges. (10 to 15%) Always try to keep the odds in my favor with max loss 1/2 the gain.

That way, I need 2 losses to break even; on (one win); with my 3 stock 2 week swing trade portfolio and 3 losses to lose.

And there's the mechanics of how I swing trade.

Sell orders already placed on THM 1st position; @ .74 or .41.They will be the same if a second larger 2/3 position taken. If neither met (target or acceptable loss) in 2 weeks, I sell where ever price is and start another (3) 2 weeks swing trades.

It's all about the numbers!

Think today may be the correction bottom, 2700 support hit and left behind.

SPX
http://schrts.co/wLrdkp

Picked up some THM & BTG at the close. Should take 1 to 3 weeks for GOLD sector to shift inflows back to the stock picking market.

I picked these 2 jr gold stock with flag patterns.

THM
http://schrts.co/v9mmsP

BTG
http://schrts.co/8EiKeL

You may find this old info I had saved, about HFT high freq trading and ALGO's interesting! This makes one wonder why the SEC has done nothing about regulation on machine trading !!!

I use to scream about this subject years ago. But have given up for a long time.

Just like it took 10 years for naked shorting on the OTC to be addressed by the SEC.

BIG MONEY CONTROLS markets. Corporations control the USA.

Click and learn

2012

From experience; Did you know within a week or three, after a correction GOLD and it's sector becomes HOT? And that more often then not, the correction revisits lows before continuing in a bull market.

Was just doing some research and found this chart with lots of interesting stuff to look at.


https://www.macrotrends.net/2324/sp-500-historical-chart-data

Thought this S&P comparison chart was interesting. As the mid terms draw close.

All fine, have not been too active at the board because I've been on the side lines. Pre this correction.

Just started researching new swing trades for when I'm comfortable the correction is over.

IMO not done yet. Watch 2700 SPX. Market tried to bottom twice today and failed. You can thank HFT and the algo machines. It's the market we have now.

Sold my FAZ @ $11.25 up 17.5% thankyou. Now only hold 1 big board dividend stock, which dropped 6.5%. Went to sidelines mid SEPT with ADX below 10.

Now all I need is a turn around in RNVA before R/S. LOL

Glad to see you (& FAMILY & mortgage) LOL back.

Both TTOO & RMBL charts are screaming NO. As for RNVA if starting a new first position you shouldn't loose much because your in at the bottom; R/S or not. We who have been averaging down are in a very high risk position to the whims of management & insiders.

I could end up with one of the largest losses in years or largest gains. LOL Which is not my normal risk level. Either way it has been a learning experience, since I never saw an OTC with assets and growth have management R/S after debit reduction before. The increase from 3 bil to 10 bil A/S has me worried.

All and all I'd recommend staying away from the OTC this time back. It's not as predictable as before. And swing trading under $5 chart patterns works well, most all the time. As long as you have gain and loss targets before entry and sell at them.

Welcome back

Now days if one see's the 3 volume spikes, time to research, not take a position. Your looking for new funding. If found strong watch for a price pop and first small entry. Go larger on a double from the starting price.

Just found an interesting one?
RSLS a NAZ stock in the pennies on major dilution. 3 offering closed with price dive. But they still get closed??? they have warrants above a buck, under a buck, and now at .045 pennies.

So far it's a wonderment !!! LOL

They have less then 90 days to finish their game or get a delisting notice. I'm Still in research mode.

So your the shadow from the 1930ies?


Because only THE SHADOW, knows what evil lurks in the minds of men. LOL

Remember the stated R/S numbers the CEO choose were a range. Think of his decision like a line of credit. Not outright max loan.

A good CEO & board uses what's needed to reach company goals.

What the concern for us is, do they plan to reach company or personal goals !!!

Never thought the second R/S of 1 - 10,000 was good. Did the first R/S @ 1 - 500.


But thinking like an honest caring CEO, that second one could have been caused because the CEO had to cover all future plans before he lost voting rights control SEPT 30. Now if he cleans debit and PPS rises after a 1 -500 R/S. He can use the 1-10,000 to place the company stock into a position for up listing some time in 2019.

If he's not an honest and caring CEO he could wipe all shareholders out. Including himself and insider friends. Then take the company private, as the big guys will still be the largest holder of stock after any takeout.

A little about naked shorting, OTC threshold, and REG SHO threshold list.


First; a stock becomes naked short if the broker/dealer fails to deliver for clearing T+4 ( meaning the day after 3 days )

If the above happens, on T+6 ( meaning the day after day 5 ) the stock then becomes OTC threshold

If the above happens, on T+14 ( meaning the day after 13 days ) the stock is placed on the REG SHO list. and action, including fines can be place on the naked short broker/dealer.

There is also a thing called short sales volume reports, which show stocks broker/dealers don't deliver for clearing at the close of the day.

And there is actual short selling where stock are borrowed to return after a price falls for a profit.

Presently RNVA is NOT on any fail to deliver list! Thus there is NO naked shorting as of tonight. There is a short interest of 700 shares though. And there is daily short sales volumes, but they seem to be getting cleared before the 3rd day, so no real fail to deliver.

short sales volume; https://otcshortreport.com/company/RNVA
Short info; http://otce.finra.org/ESI
(enter RNVA for short interest) (check OTC threshold for T+4) (then check Reg SHO Threshold for T+14)

PS; you can find all this info here;
https://www.sec.gov/investor/pubs/regsho.htm

In the meantime: Hope the insiders which own all the options, warrants, & debit, which are converting and filling up the new 10 bil A/S, start selling higher and quit this never ending .0004 wall.

What's the Reagan saying "Gorbachev take down that wall !"

Link to interview;

https://upticknewswire.com/featured-interview-ceo-seamus-lagan-of-rennova-health-inc-otcqb-rnva-8/

Just took a minute to read the 8k.

Looks to me MAYBE they are conceding up listing. And need the extra leeway to get into the $1 + range. It's been a while but I think the financials are within NAZ requirement, But price is way to low.

Total speculation, I have zero idea what's in the CEO's mind.

No idea what your talking about.

Just want to mention;

The guys selling to you have a huge amount to offer you. Oboviously if they will sell you 190 million today for $80k of your cash, on bad news. Think what they will offer when they release good news!

This is a process. 5+ days of under 30 mil sold, then 60 mil yesterday and bad news today, with unlimited shares for sale @ .0004.

This could be the start of the cookie crumb trail before they see the interest level strong enought to sell cookies and then boxes of cookies.

There is over $100 mil of debit which part of may reach the market. A large audience is needed for what may become available in the future.

This is life on the OTC. 1st get attention, next offer good news, next pump the hell out of the large audiences emotion.

Success to all. Since we don't know how deep the water is: THINK before you jump. Dry powder comes in handy.

Doubt it. Looks like CEO decided to clean up debit first. Watch the volumes now. His angle investors will be banking their investment gains.

Once their happy the R/S and new funding rounds.

This week @ RNVA;

5 mil @ .0005
10 mil @ .0004
1 mil @ .0003

All with standing orders.

And I just picked up another 11 mill

What is approved; is the matters are to be brought before the board for a proxy vote to execute either or both, and change the articles of incorporation, by Sept 2019. YES

What I posted is the time frame in which the matters must be brought before the board for vote, and voted on, for him to have complete control of the decision. Other wise all shareholders will vote in a proxy statement what to do.


He didn't convert $250k of personal debit for controlling voting rights, in series J preferred, with those voting benefits / restrictions, if he didn't want complete control of restructuring the stock. IMO

So everyone is trying to figure out when!!!

Here's my take.

From the AUG filing they have 20 days before any action can take place and that date is Sept 18, 2018. It also says the out limit is Sept 1, 2019, next year.


What no one remembers is when the CEO converted his debit into 250k of series J preferred, which gave him 54% voting power is that 12,000 to 1 series J voting right reverts to 1 for 1 on Oct 1, 2018.


So if the CEO wants his decision on restructuring to be his alone. That decision must be between Sept 18, 2018 and Oct 1, 2018. When he loses 54% voting rights power.


SO there is NOT lots of time !!!! IMO




7/24/2018 8k

Item1.01. Entry into a Material Definitive Agreement.



OnJuly 20, 2018, Rennova Health, Inc. (the “Company”) filed a Certificate of Designation with the Secretary of Stateof the State of Delaware to authorize the issuance of up to 250,000 shares of Series J Convertible Preferred Stock (the “PreferredStock”). On July 23, 2018, the Company entered into an Exchange Agreement (the “Agreement”) with Alcimede LLC(“Alcimede”), of which Seamus Lagan, our Chief Executive Officer, is the sole manager. Pursuant to the Agreement,the Company issued to Alcimede 250,000 shares of the Preferred Stock in exchange for the cancellation of the outstanding principaland interest owed by the Company to Alcimede under the Note, dated February 5, 2015, and the cancellation of certain amounts owedby the Company to Alcimede under the Consulting Agreement between the parties. The total amount of consideration paid by Alcimedeto the Company equaled $250,000. The following is a summary of certain terms of the Preferred Stock.



General .The Company’s Board of Directors has designated 250,000 shares of the 5,000,000 authorized shares of preferred stock asthe Preferred Stock. Each share of the Preferred Stock has a stated value of $1.00.



VotingRights . Each holder of the Preferred Stock shall be entitled to vote on all matters submitted to a vote of the holders ofthe Company’s common stock. With respect to a vote of stockholders, no later than September 30, 2018 only, to approve eitheror both of a reverse stock split of the Company’s common stock and an increase in the authorized shares of common stockfrom three billion shares to up to 10 billion shares, each share of the Preferred Stock shall be entitled to the wholenumber of votes equal to 12,000 shares of common stock. With respect to all other matters, and from and after October 1, 2018,each share of the Preferred Stock shall be entitled to the whole number of votes equal to the number of shares of common stockinto which it is then convertible. The Preferred Stock shall vote with the common stock as if they were a single class of securities.

GOOOO E A G L E S

night all

You just hit the nail on the head. I like all the actions the CEO took to fund and grow. You don't.

My feelings is it's his company, he can do what he wants. Yes he took on a large debit position in the way he acquired funding for the second hospital. Actually all the different preferred series shares have gotten so complicated I can't make heads or tails of it all. That's where all the paper debit came from. All I do know is funding keeps coming, and growth continues. He didn't do all this to burden his dream. So I expect he has something up his sleeve to clean the paper debit up also.

Basically I'm giving the CEO my trust, because he has the knowledge to reach his goals. And mainly because he and his friends are putting their money on the line. I don't see all the usual toxic funding deals you see on most of the OTC. Here you see investors taking a stake in ownership.

I my be a sucker, But I am impressed with the CEO's ability. I mean he needed money and he found a way to get it without the usual toxic fund deals you see every day on the OTC.

Back years ago when I played in the OTC quite frequently. I would say "Who knows what evil lurks in the minds of men" about OTC CEO's toxic funding deals. Not so here. IMO