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No joke. Go search all 0.0001 stocks in OTC land for yourself and see if you find one with this type of volume over a year?
You wont.
What many here tend to gloss over is the fact the company had a 10-000-1 reverse approved over holders heads for almost the full year and a half. During that period they made peanuts thru the market as you note and did not split.
I kinda believe this one will happen but dont believe this reverse will be used for toxic financing and current holder will do well as ownership is getting in the share game and clearing debt.
GL
Did you even read? I actually believe we are likely to split, but not for toxic financing purposes like the hospitals in the past.
I also believe we are about to rip some ass before hand.
GL
It also depends if they let it run before a split and what price it takes place, and what the purpose is.
No doubt there will be a helluva sell off after not matter what. But if they do a split to be in future compliance with NASDAQ instead of toxic dilution at a much higher price then retail gets to take some profits & we see a win-win.
I could see this scenario as a possibility before the Seamus lock-up period ends so the stock can recover post split and stay above current accumulation.
CD is also swapping out for shares, so future share price is now important
Never seen a .0001 stock with this much volume that is for sure.
Although 'traded', yes because below the untradeable .0001 there seems to possibly be a fairly common accumulation pattern structure being 'traded' or created. Just my view.
GL
C'mon George, you know better
They cant do a split on June 9th.
They could submit the split request to FINRA on June 9th as per DEF-14Cif they are up to date on financials.
10K was (or Monday?) due today with the double extension and 10Q has been delayed until end of June.
Hope that helps. Have a good weekend & GL
Exactly, patience as always.
We've already seen a change in volume & erratic price behavior last couple weeks with positive things happening inside the company and reports soon to follow.
Very good signs this week.
GL
This violent price flickering from the deep depths of un-tradeable numbers to 0.0002 is just the spring being pulled back while the wick is sparking IMO...
Have a great weekend!
GL
Sabby likely still has close to a billion shares to shield off any real movement until significant news comes IMO
??? The Company can not legally submit for the reverse split until June 9th. Then they have up til Dec 31st
Have a look at the DEF-14C
Wondering if Marsha received her response yet?
1's may be drying up for today atleast.
Good time for a 10K due date dont you think? let's see if they meet the extension to the extension.
Welcome to the stock market, moreso welcome to the OTC.
When the game changes in your favor it is still sick
That is the game right now.
But the Company wont be able to split until 10Q is produced.
Likely 4 more weeks till that happens.
GL
No end until we get the catalyst which fuels a 1B share day IMO.
10K 'due' tomorrow FWIW
Sabby has 2 billion in the UHAUL at last report.
Not sure how many left? But we retail not going to burn them unless we get a catalyst
GL
Got a chart up for you George
WTH? Posting for the 3rd time. It is also a note upvoted above.
Need anything else spoon-fed while i'm around?
https://www.wvlt.tv/content/news/Senator-Blackburn-demands-answers-from-Rennova-Health-regarding--570632131.html
HHS to respond to Marsha - Today
10K - due by Friday May 29th
10Q - Extended to end of June
GL
(b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
The COVID-19 pandemic and the steps taken by governments to seek to reduce the spread of the virus continue to have a severe impact on the economy and the health care industry in particular. Our hospitals and the rest of our business continue to experience disruptions due to the pandemic for the reasons described in our Form 8-K. The relief provided by the Order allowed for the Annual Report to be filed by May 14, 2020. The Company will not be able to file the Annual Report within that period due to the additional time required by the Company and its auditors to complete their respective procedures in light of the circumstances related to the COVID-19 pandemic, which could not be eliminated without unreasonable effort or expense.
https://ir.rennovahealth.com/all-sec-filings#document-15662-0001493152-20-008782
Barry, that notice is for the 10Q
10K was extended 45 days from March 31 to May 15 for COVID and another 15 because, well it wouldn't be RNVA if id didn't.
Which is the end of this week.
Filing is here, and clear in post above:
https://ir.rennovahealth.com/all-sec-filings#document-15662-0001493152-20-008782
Tomorrow is the deadline for the department of Health & Human Services to respond to Marsha.
https://www.wbir.com/article/news/investigations/shocked-inconceivable-lawmakers-express-outrage-over-121k-payment-to-closed-hospital/51-fe22f4e2-7922-4f32-a094-e53d553680a0
Sorry I dont simply accept posts with with no supporting proof at face value, but that is just me.
Given the date the poster provided of May 7th it is most likely the DEF 14C they are seeing. Nothing else has been filed.
I posted a link to the DEF 14C. an actual legal document stating the earliest they can file to FINRA (considering they are compliant). But you knew this info already.
Nothing has changed. Still 0.0001 an both parties kicking cans.
Nothing has changed Penny
Just like the last the last year and a half there is no date for the split.
Seriously. LOL
But we need the company to drop the 10K
Maybe. But I think they'll actually use the split at at a specific price if needed for NASDAQ compliance and to pull back during mark-up if we break out before.
By the time January rolls around and the lock-up period ends on Seamus shares they'll want this to be sitting in a firm position to generate revenue in the markets again.
Not Pennyland
Sorry, you mean the DEF 14C that i just described or did you receive something else ?
https://ir.rennovahealth.com/all-sec-filings#document-15658-0001493152-20-008019
I believe the split is happening, but not likely at .0001. Based on the Def 14C a request cannot even be submitted until June 9th at the earliest and they need to be compliant, which they are not.
As per Def 14C they cannot split until June 9th at the earliest and December 31st at the latest
They also need to be complaint and have extended 10K release until this Friday and 10Q until end of June for now
A couple important updates expected by weeks end yet more tears then normal here today.
Hmmmmmm.... Buy signal?
"In the letter, Blackburn set a deadline of May 27, 2020, for a response from Principal Deputy Inspector General at HHS Christi A. Grimm..."
https://www.wvlt.tv/content/news/Senator-Blackburn-demands-answers-from-Rennova-Health-regarding--570632131.html
Well yes, that is normally what happens after accumulation comes to an end.
There is a chance if we get the 10K and Gov't agency response by weeks end we could see some action.
Either way we are going to be getting alot of interesting info shortly. Just need a solid positive outlook catalyst for the the company in the midst of the recent ownership has shuffling, long term accumulation and with the financial assistance is pouring in.
And this is gonna tear until they get compliant and find a good price to split.
Many pieces we've witnessed over the last couple years seem to be adding up to something really fishy in the local and state politics. Really sickening to see politics being played like this, moreso in healthcare and even moreso at this time like this.
Also, wondering how did Presley get his new hospital opened up so fast recently?
Hopefully the agency being questioned over COVID funding responds back to Marsha in a non partisan manner and begins to put an end to the long standing charade.
Looks like the lab testing may be valuable again.
I'm ready to enjoy the show when it starts shortly, and have the patience even if it takes a couple weeks longer while the impatient reverse split can kickers keeping crying daily.
I'm positive you'll change you tune with the wind just like when we hit a measly .0002 this week and some expected immediate gratification.
Accumulation phase is basically done, volume creeping back up, ownership shuffling the deck, and unprecedented funds rolling in.
Just a matter of time, the wick is now lit.
GL
We'll see, big couple weeks coming up.
There should be an update as to why JRMC was issued funding mid week, and 10K may be issued by weeks end.
It sure looks to me like the kettle starting to boil this week, Gov't money is clearly flowing on and ownership is shuffling the deck to clear debt and restructure shares.
And that reverse can nothappen until they get the 10Q filed which is already pushed out to the end of June, on the first extension.
GL
Wick got lit this week.
Tick-tock is on.
Yes. That should be the 15 days
All depends on your brokers relationship with the MM sometimes. But a good sign none the less.
10K due extension to the extension is Friday
I doubt they are unloading out of fear, It is their job to facilitate the Company in this process.
If we get big news regarding CD and anything in the 10K in the coming weeks Sabbys remaining shares will get eaten up fast and there will be nothing left to hold this down