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I prefer to buy the stocks that will move instead of those that have already moved.
Add $1.5 million in annual profit to the P/L bottom line, and subtract the high rate of debt reduction, which was already at $2.74 million reduced through the first half of this year, from the balance sheet. What better news could you ask for?
Bulls chalk up another I told you so.
That means investors need to forget about the share structure or the possibilities of a RS for a while. RNVA will be twice its current size and double its revenues within a year. No doubt, CAH approvals for Jamestown are in process. Should hear news on that soon.
Sorry Maryland, last reply wasn't meant for you. It was for Skull.
I posted the link on that topic. I posted the link to the specific quote earlier and then twice again just for you. Can you even read?
Nope. You got it right. They have to meet their quota of false and misleading posts to get paid.
Another lie. The CEO can't sell shares without filing an insider trading plan followed by a minimum 90 day cooling off period. You have repeated this lie several times already.
I can't wait until the SEC nails you people in a RICO conspiracy case.
I've posted it three times, twice just for you, but fools like you never admit error. You do everything you can to misinform and confuse people. Who is paying you to do that?
For the third time: https://www.otcmarkets.com/filing/html?id=16878845&guid=LM5-kaKp1MPsdth
You are proving yourself an idiot
Another lie from you. I answered that.
I have only cited SEC filings. You, on the other hand, have never been able to back up anything you have ever posted here. Not once. The CEO should sue you for defamation.
I would assume the certification of Myrtle is in process if that particular service is CAH eligible. It's a very extensive process. Myrtle might already fall under the existing Big South Fork certification. I just don't know. Please let us know if you learn more on that. RNVA is already advertising and interviewing for Jamestown staff openings.
Federal CAH certification ensures RNVA profitability.
https://www.hrsa.gov/sites/default/files/hrsa/opa/critical-access-hospital-factsheet.pdf
Expecting "plan before year end to duplicate the current (CAH) model in the Jamestown facility in 2024" that will double RNVA revenues. (CEO guidance)
Myrtle Recovery Center opened August 14. "Should generate $4 - $5 million in profitable revenues a year." (CEO)
https://ir.rennovahealth.com/press-releases/detail/337/rennova-health-inc-announces-the-opening-of-its-first
"Immediate" new revenue expected in Q3 from CAH swing bed reimbursements:
https://ih.advfn.com/stock-market/USOTC/rennova-health-pk-RNVA/stock-news/91319425/rennova-health-inc-announces-the-expansion-of-se
2023 RNVA revenues to reach $25-30 million according to CEO guidance. $11.3 million in revenues already realized through the first six months of 2023 with over $2 million in profit. Hello?
https://www.otcmarkets.com/filing/html?id=16878845&guid=LM5-kaKp1MPsdth
https://www.otcmarkets.com/filing/html?id=16865941&guid=LM5-kaKp1MPsdth
Fooled me on that one. Getting old too. I do think the balance sheet will clean up nicely. The CEO will eventually settle any bad debt. I'm sure he is prioritizing whatever has the most impact on current operations for now.
Is that an old lease on a closed facility, or a current lease on an open facility?
It's a federally designated Critical Access Hospital. YOU are the only scammer I see.
Thanks, jay for clearing that up. I wondered where it came from. Hadn't seen it before. Names all unfamiliar.
$2.74 million debt paid off in first half of the year. That's what the balance sheet shows. That's the bottom line. The CEO knows how to prioritize gets paid off in what order.
That did not indicate anyone has been held liable yet. There have been no findings of fact. Current board and principal investors not even mentioned in the suit. Again, the responsible party(ies) have not been established. The last bad actor (Sabby) is being forced out cheap as we speak. So much crying over spilled milk.
So? Creditors are getting paid off now.
Are you a lawyer? Who is the responsible party? If RNVA is held partially liable, does RNVA turn around and sue another listed party? We do know the names on the suit have not been involved with RNVA for a long, long time.
Creditors are getting paid off at a rate of $2.74 million in the first half of the year. Simple.
That says the creditor is extending as the debt is being paid off. All good.
Just registering Sabby shares at .00009 that are then being sold at .0001. Should not go on much longer. I believe one or two billion share buyers would finish off Sabby. Then the stock can run.
The balance sheet will come back in line a lot faster than you realize. You have never seen a company turnaround before. You need to quit spouting off and just watch and learn.
The balance sheet shows ALL debt. You just blabber on about stuff you don't understand.
No, most people actually know how to read P/l and balance sheets. $2.74 million in debt paid off in the first half of this year.
But now RNVA paying off debt at a rapid rate.
Company turnaround = stock price rebound. Traders, draw your own revenue and earnings trendlines. We're talking about a 2023 profit of $4 million just on flat earnings. Just that will equal a P/E of only 1/1 after the Sabby prospectus is fully executed. Based on standard valuation measures, the stock should trade at a P/E between 10/1 and 30/1 at least. Now, project 2023 earnings based on current company guidance. What do you get? $4.5 million? $5 million? $6-7 million. RNVA will be trading in pennies before you know it.
Debt reduced by $2.74 million through Q1 and Q2. That's a very rapid pace. Asset values to increase substantially in 2024 as per company guidance. The CEO is "taking care of retail shareholders" by turning profits with revenue and earnings growth on a rate to double the size of the company YOY. Jmoney understands the numbers. You don't.
MA contingency.
RNVA is profitable on steep earnings growth. Revenues to double YOY. RNVA is the very reason anyone would ever want to buy a 000 stock. https://www.otcmarkets.com/filing/html?id=16878845&guid=3c5-kKDt7oWWJth
No and yes.