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Downdraft might know. He went through those preferred share series in some detail.
Good question. That is changing as we speak. I have tried to estimate where it will stand after Sabby is gone, that's a little over my head. I do know Sabby's equity was big enough to trigger the insider trading rule, so fair to say a much greater percentage will be in common shares when it's all over.
When Goony bird was going on with the crazy talk about "a trillion" share AS, I didn't argue with him until I learned more about the difference between preferred share equity and common equivalency. How arrogant of me to know what I was talking about before I shot the Goony bird down.
Thanks for filling us in on the fact that volume low is today. Who knew?
Wow. Your inferiority complex is so obvious. To you it is arrogance to know what you are talking about. That's insecure and stupid.
I don't know if I'm smarter than you or not. I do know you are wasting whatever mind you have every time you get your feelings hurt when someone KNOWS you are wrong. You never learn anything by reacting to your fragile feelings instead of listening to the several people on this board who know more than you.
That's what I said. You say whatever you think. Your resentment of those who bother to learn what they are talking about is pathetic.
There is such a thing as knowing things. You just stare at a ticker and spout off whatever comes to your mind. Nothing based on fact from you. Such a waste of time and brain cells.
Not really. Enough finishes filling the prospectus of just under 10 billion shares. Please do the math on volume and make an informed estimate of what is enough instead of making the erroneous claim that "the ticker" has done "more than enough." It's up to the market (buyers), not the ticker, to do enough.
TJ has done some heavy accumulation for sure, but he is far from being alone in that. Volume ebbs and flows always, historically. OTC volume can slow to a trickle and spike into the billions while the price might move in either direction. The effect volume has on price depends entirely on other factors, historically.
Kmac, it appears the market is still buying on Q2 earnings news and the revenue guidance the CEO issued at that time. Increasingly, buyers will be buying into Q3 earnings news to come. If there is a newsworthy event in between, fine, but I think it is good in the long run that PR is not the driver.
I really think the market is buying into RNVA revenue and earnings growth, and enough understand the prospectus and growth strategy to continue buying into the Q3 report. I believe we'll see .0003-.0004 by then at least.
How many gazzillion Powerball tickets did you buy Oppie?
Probably a troll farm bot.
I do not use the name in vain when I say TrendTrade is Goddamned nuts.
Yes. A company can buy back corporate equity (common shares or preferred shares) at any time without having to file an insider trading plan or wait out the cooling off period. I don't recall when the company has to report that. Day the buyback begins? Day before? Day after? 30 days after? If you find that out or anyone else knows, please fill me in. It really could become relevant sooner than some think.
If not for Jamestown reopening startup costs, the CEO could have bought out Sabby's equity without conversions, probably would have given the earnings growth from current operations.
Good bet. Market manipulators who pay for the troll farms are going to get burned on this one.
I want the fat part of the gains. I will consider my position in RNVA when we get there.
They are misunderstanding or misusing the common share equivalency of preferred shares. That number only tells you how diluted the preferred share equity is.
More likely, a bigger company sees RNVA turning a sustainable profit and targets it for a merger. The AS gives the CEO some bargaining power. But you are right, first things first. Jamestown. The free media will be huge. Lots of good will. Everybody in the area will know about it. Rennova is doing good work. It's a company you can feel good about investing in.
Say all goes well reopening facilities RNVA already owns, those shares not issued would come in handy to acquire other companies and replicate the CAH model at facilities that company owns.
No, I'm just saying I have seen stocks in years past where the AS seemed out of proportion and unnecessary, but it turned out the AS not outstanding was used in a merger.
200 billion in reserve as MA contingency. I have seen that before.
The good news. When we break out, Sabby will no longer be there to wipe out our gains. F them.
Buyer(s) keep feeding bid. Seller (Sabby) keeps feeding ask. Neither showing their full hand.
Not diluting. The dilution happened a long time ago when Sabby invested and was issued preferred shares. Sabby is folding its already existing corporate equity position, executing stock warrants and selling. RNVA reopening Jamestown with proceeds, meaning no impairment of earnings from current operations. Jamestown cash flow solved, thanks to the insider trading rules. Good deal for RNVA, its profits and shareholders protected.
RNVA needs that AS when it becomes a MA target. Got to be ready to deal. Just my opinion on why the AS is what it is.
You are playing it right, in my opinion.
The anticipation keeps building. I haven't been this excited since my big brother told me he was taking me to a whorehouse to get my first wet one.
Make that dynamite.
Bonfires loaded with fireworks.
The transfer agent is earning his keep on this one. Only the transfer agent knows for sure, and maybe one MM who is getting the special instructions on the sell orders. Have you picked up on any reliable estimates on how much of that .0001-.00014 resistance is left? (Sabby appears to have taken a peek at the .0001 support this morning but didn't see the bids stack up yet as hoped.)
Gazzillion plus infinity! lol
Yeah, news that Sabby has cleared when it finally does. Still dancing now. Dance card not filled out quite yet.
I bought the dip on one of those a long time ago. It was a tech bubble survivor, great numbers climbing back from 000s, had Nasdaq listing in mind and stated so in the announcement. For the life of me I cannot even remember the company name or ticker symbol except that they began with an "I." I only held it long enough to catch a little rebound and rally off the dip. Took a decent profit.
My screen indicates and the chart shows .0009. That, of course, is Sabby shares being registered under the prospectus. Those do not affect the volume traded or appear as trades. Even when that guy states a fact as to what his screen says, he doesn't understand it, never does.
That is not what's happen now. It's just not. I don't rate the risk of a RS very high. Even if a RS did happen, though highly unlikely in the near future, people would buy the dip, if any, this time.
A RS to right size the share structure and stock price is quite different from a RS to raise cash. RNVA does not need the cash. I understand though. The cat that sits on a hot stove will never sit on a cold one.
Two down. Next?
Good. Get lost troll.
Wouldn't it be cool to see RNVA on the Russell 2000 someday? If RNVA continues growing at this rate, it could happen eventually.