Early retired from civil service 8 April 2022
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1,000,000 / 30 = 33,333 shares.
How are you doing the math?
LCJR
From the CEO this morning:
“Quick update: OTC Markets requested a NOBO list (tells them where every share is). It was ordered yesterday. It takes a few days to get. We think that’s the final piece before the disclosures are uploaded and we become current.”
LCJR
Market closes at 4 PM Eastern Standard Time, so depending on what time zone you’re in the market may have already closed before you posted your order.
LCJR
Time to add a few more.
LCJR
I certainly hope so, the potential here is amazing. I think if management cares about the share structure they will address it. If they don’t address it then it looks like that’s on the back burner for a while. Without a RS, their only choices really are to either let it be as is and just concentrate on business, start a share buy-back program taking outstanding shares off the table from a percentage of profits on a scheduled basis (monthly?), or get a court order to eliminate what needs to go in one pop. This will be fun to watch play out. I don't have as much as most here, but I'll keep adding as i can.
LCJR
Well said. It’s time for me to take a position on Tuesday. We’ll do good this year.
LCJR
Tuesday I’ll grab a starter here and add over time. This is going to be good this year.
LCJR
Exactly. In my opinion, companies in this predicament are gambles. They’re making a comeback and will become profitable if they aren’t already, but the larger predicted revenues as well as getting out of trips will take some time. The CEO and BOD can take actions to reduce the AS and OS count in the future without the need for a RS, but it’s a process that takes time. Another ticker I’m in has established a share buyback program with a percentage of profits on a monthly basis. Every month they take about 7-11 million shares off the table, but it’s a long process that way. No company is going to throw a ton of money at the share count at one time. So, I’d like to hear from the company on their plans, even if it’s a distant long term plan. Once we have that, then the shareholders can decide if it’s worth their while to sit back and accumulate while the company grows and revenues increase. I’m in and will accumulate more, but understand it’s a gamble. Good luck everyone.
LCJR
Need to be at least .01 to qualify for QB.
Eligibility Requirements
Audited Annual Financials (PCAOB Audit required for U.S. Companies)
Bid price of at least $0.01 for proprietary priced quotations published by a Market Maker in OTC Link**
Not be in bankruptcy
At least 50 Beneficial Shareholders, each owning at least 100 shares
Freely traded Public Float of at least 10% of the total issued and outstanding of that security
Companies with a freely traded Public Float of at least 5% (and $2 million in market value of public float), or a separate class of securities traded on a national exchange may apply for an exemption
Transfer agent that participates in the Transfer Agent Verified Share Program
(US Companies only)
International companies must be listed on a Qualified Foreign Exchange and submit a Letter of Introduction from an approved OTCQB Sponsor, or be SEC reporting
LCJR
New S4/A posted today:
https://www.otcmarkets.com/filing/html?id=17179108&guid=yjJ-keXhzjIqJth
LCJR
Well they were until we went Pink Limited. Paperwork submitted and under review right now. Hopefully we’re Pink Current again soon.
LCJR
Rennova Health has four operational medical facilities bringing in revenue while providing medical services to communities in need.
https://www.rennovahealth.com/services/rural-Healthcare
LCJR
Actually, a Google search and street view shows the Big South Fork Medical Center. That’s a 25 bed hospital that Rennova Health bought and opened in 2017 and is still operating with positive cash flow.
https://bsfmedical.com/about-big-south-fork/
LCJR
Agree, but the share structure is preventing it. It’s part of the calculation to get the share price value. They need to do something about it. It this current price, they could easily wipe out the majority of the outstanding shares.
LCJR
They’re financing their subsidiary hospital as well, but supposedly that won’t be necessary much longer.
LCJR
Very well said. Spot on! We’re all looking and hoping for a unicorn that will help us make it thru this crazy inflated world we live in.
LCJR
Damn, all buy orders so far. Eventually the trip 1s should be bought up.
LCJR
He needs to start buying shares back or just getting a judge to sign off on cancelling a huge lot. In other tickers the CEOs had to go before a court to get shares cancelled. That signed order was then sent to the TA for share count adjustment. It’s a process for sure, but doable.
LCJR
I’m hoping we see those numbers too one day, but right now there’s just way too many outstanding shares out there. That has to be managed first. If I was a good CEO and cared about the share structure, I would be buying these back while they’re this cheap and update the TA on a regular basis.
LCJR
Dang, look at all those buys! Gonna be a great day.
LCJR
Guess somebody dumped for the newest shiny ticker.
LCJR
Just a matter of time. Would go quicker if folks wouldn’t flip for a buck, but that’s the OTC.
LCJR
WTF ?!? Someone is still feeling the holidays.
LCJR
Well said. Safe celebrations and a Happy New Year.
LCJR
Why would they RS??? There’s 325 Mil AS and only 168,660,542 OS. That’s awesome for an up and coming company. The year end message was amazing! What are you up to???
LCJR
He can’t do it by himself. He submits the paperwork and it has to be approved and then the TA has to make the adjustments. In some other tickers, the CEO had to go before a court to get approval to reduce the share count. It’s not as simple as some think.
LCJR
Thanks.
LCJR
Thanks man.
LCJR
Where do you see 40 billion outstanding? Latest filing shows 29 billion, not that it matters at this point. Just curious.
LCJR
I’m in Colorado as well, but I don’t smoke. Well, maybe a cigar with a whiskey around a campfire. This is a lotto for me so I’m just sitting back watching.
LCJR
Looking good. Would explode if we got news on the merger.
LCJR
I doubt anything has changed over the holidays. Regular business resumes tomorrow and then paused again for the New Year weekend. I think the market and companies will resume normal operations on January 3rd.
LCJR
Buy’em up boys, soon these won’t be available.
LCJR
$THER - News Out!
https://www.otcmarkets.com/stock/THER/news/story?e&id=2720560
LCJR
From the company today via X account:
Been calling OTC Markets everyday. They haven’t started reviewing our paperwork yet. Hoping for Monday or Tuesday. We will stay on them. $AAGC
Here are the numbers for November: Revenue: $51,750
Profit: $12,150
20% Net: $2,430
$1,400 left over from previous month
$3,800 for stock buy back in December
We have 3 new locations coming on line in January.
LCJR
0012. Getting closer to merger closing.
LCJR
Merger with $BACK happening any day now. Can’t wait!
LCJR
LOL, if only it worked that way. It will be a while before this hits 005 because retail will start dumping their shares at 0002 for a double. Can’t blame them because we are here to make money, but we’ll need to eat our way thru all those dumped shares to get past 0003. I think once we get thru 3s we’ll be off and running, but it will take serious buying power to eat thru everything.
LCJR
Well one reason is retail traders keep dumping their shares once we even get close to 02. I bought most of my shares at 03 so I’m not too happy either. I highly doubt Scott and Fransmart are even looking at the share price right now. They’re just concentrating on getting the business up and running and don’t seem to be in any rush getting it done. Maybe 2024 will be a good year here but until they release some timeline or roadmap showing us their plans, the stock is going to keep this up.
LCJR
They already have the cash backing. It’s in the filings.
LCJR