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Fake news Penny.
June 9th is the earliest they can submit to FINRA. Also they have to be complainant and likely wont be till the end of June and they have until December 31st to use it.
But you knew that already.
Have a good long weekend all. Looking forward to some early June movement
GL
Not to mention the company has had a reverse hanging over its head for the better part of 2 years and has never been in a better situation then it is today raking in Gov't funds and on the verge of clearing CD's debt.
Odd timing
Yep, early June boiling point is coming
https://www.wvlt.tv/content/news/Senator-Blackburn-demands-answers-from-Rennova-Health-regarding--570632131.html
From what I've read the 2 years is from the acquisition of assets and it is for tax purposes. This acquisition took place October 22nd, 2018. GL
October 22nd, 2020 has been my expectation, anything sooner would be a bonus. Complex chit indeed, but I'm looking forward to getting taxed on my boot soon enough.
GL
"....or use a significant portion of the target's assets in an existing business for 2 years after the transaction."
https://macabacus.com/taxes/tax-free-acquisitions
"Change in ownership restrictions may apply to losses carry
forward in the case of acquisitions. If the new owner was not
previously affiliated with the acquired company, losses carried
forward can only be utilized where the acquired company
carries out its activity for at least 2 years after the acquisition..."
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=21&ved=2ahUKEwjbpqCc4sPpAhWWQs0KHU-QCgc4FBAWMAB6BAgHEAE&url=https%3A%2F%2Fhome.kpmg.com%2Fcontent%2Fdam%2Fkpmg%2Fpdf%2F2014%2F05%2Fhungary-2014.pdf&usg=AOvVaw0C8rNCaHT1sUfsf089IpkN
Good volume again... 10K extension to the extension is next Friday FWIW
Abbas was actually pretty down the last couple months. It was a good sign we were closer then ever.
Just soaking up Sabby shares toward end of May where we should see the 10K filing/news possibly to kick start matters?
Good sign none the less heading toward the start of June.
Might be their job now at this stage of the process, just like it was previously their job to dump endless shares during the toxic financing. Id expect them to want to keep some if it is going to run, but inevitably but its looking to me like they are the only ones losing shares while the price was held down. Likely waiting for the run until the right time is here.
Commons are either in too deep holding bags, playing this as a lotto from day 1, too far away from tax season to write off and why sell now with so much going on in healthcare and with the company.
Really makes no sense for commons to be selling whatsoever, and TBH we are the bulk of the retail 'commons' and were all still here.
Retail is not selling 1's in any significant amount, makes no sense.
It is most likely Sabbys job to keep this down with their one 4Billion and now approx. 2billion stash
Likely Sabby. They still had 2 Billion, so they can hold it down for some more time if thats the plan
Most Big boys need a stock over a certain price to even be allowed to participate. A split may be necessary for future NASDAQ and larger money to roll in
Also the split will occur before the Seamus lock-up period so the boyz are not impacted.
Current retail may be on the verge of a nice pump before hand.
Just my take. GL
Silver, reverse split, NASDAQ, solid growth, Forward split, forward split again.
One can dream.
Start your engine Georgie.
Maybe a flicker around 0001-0002 for a some days until we get some news.
GL
GL all....
Looks like we're getting ready to fly soon
Early volume.....
The Government may have supplied the cure for the painful STDS and the best news is it not being delayed or shunned for lack of FDA approval
;)
GL. We can talk about that one on that forum or if you have twitter pm me.
Ran the pants? Looks like it is still in an accumulation phase. Draw a trend line from October 2019 high and make the wedge. Ive been loading over the last 2 months. Wouldn't be shocked to see a break out this week with the close Friday. Could be quite the show for a couple months if that is accumulation.
Very good to know Sabby is in that as well and its hopefully time for the Companies ownership, Sabby and Shareholders to start getting paid in all the tickers like RNVA they helped 'restructure' with toxic financing the last couple years.
Sabby still owning around 2 Billy is kinda worrisome in terms of getting off the ground.
Hopefully they want to hold some and shut of the .0001 valve
No. Not the same at all.
The Company was actually compliant and were were even giving revenue updates even before releasing the financials during the dilution phase. Seamus was also bust tweeting his azz off in that phase.
Also right now we are close to maxed out, no split coming for a couple months it seems, money is flooding in from the Government, CD clearing his debt for shares, and insurance rule changes have just occurred.
Much different time.
Penny has been kicking the doomsday can as long as I have been kicking the can of hope
Very soon one of us will stand correct
GL
You missed the most important part about patience lol
But yes lets hope we take off anyday in the next couple weeks.
GL
There is no set time in how a stock will move nor is there ever a guaranteed price.
You need to have multiple targets based on supply and demand and most importantly patience until the target is hit.
If this does run after such long accumulation, id safely assume it will run for many months with many shakeouts along the way
'as usual' - Ive been pretty upbeat for about a year as this went into 'accumulation'
I wasn't when Seamus was tweeting nonsense to shareholders a couple years back.
We are nearing the end of the 'accumulation' bottom and its not the end of the road as many here were trying to peddle over the past year.
GL & Have a great weekend too
Sure as hell never had a better chance to succeed.
The amount of funding and insurance changes for rural hospitals becasue of COVID has created a far different picture.
Sad it took the virus to get the Government off its azz and act. But it is what it is.
GL
That is great to hear on all fronts.
Have a great weekend!
That is a similar to possible scenario i posted earlier.
Approximately 3 months of ramp, hit the target, and then split. Pull back sharply post split and bottom above accumulation so the long term mark-up can begin for the big guys
That is certainly a possibility if this jumps before the reverse.
GL
Naw. It's been close to max for a long time
They have been working hard, likely thru Sabby to prevent the max out by issuing endless shares at .0001
Hopefully it was being done to buy time until they are ready to roll out.
If they let it go It will fly being maxed
To filter the noise regarding the split:
The Company is currently in a 20 day notification period from the DEF 14C for the split.
As stated in the 14C they cannot instruct a split TO FINRA until June 9th at the earliest and the latest is December 31st
As George states they cannot do a split if non-compliant with financials. They have lots of time before June 9th so this likely won't be an issue.
An update on CDs position is also overdue
Hopefully the fun starts in June
Typical Rennova.
The fact they filed the NT again indicates to me they actually intend on filing around 15 days.
Previously they wouldn't even bother with the notification.
Things are actively happening behind the scenes in terms of shares with CD, SL and Sabby. The full picture has not been released yet and we only have the recent changes to wonder.
Hopefully as the 10K and Q are released shortly (K due tomorrow FWIW) so it will be somewhat clearer on how the share structure now looks.
Nice volume today
They actually cant send a reverse split request to FINRA until June 9th at the earliest.
Read the DEF 14C filing
It is good news, hopefully the start of more to come
No one has a crystal ball, I only have my own plan with targets within the chart of what might happen if we run.
Rate of acceleration if we jump out of the consolidation will also determine how fast and where I take profits.
We can all see the gaps and wicks (supply and demand) around the 0.001, 0.01, 0.1, 1-3, 7-13, 25 areas
Will any get hit? Who knows? I have short term, medium term and long term targets.
If it works out great, if not hopefully i hit some short term to make some profit anyway and come out unscathed.
Always play the chart as you see it, how you feel and within your own risk tolerance. Never by what others say or see.
Shares are maxed its been fully accumulated for some time. Any days with some significant volume seem to be retail eating away at Sabbys holdings keeping which seem to be keeping this held down.
They have too many shares for retail to eat the without a catalyst. But the boat is fully loaded if we get one