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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.
Big news coming in 19 trading days as per company guidance. How big is the only question. I think volume will start building again soon ahead of the 10-Q and the stock price will break .0002 by then at least. I could be wrong, usually am when it comes to timing, but one would normally expect that traders/investors will load up ahead of the news.
20 trading days until 10-Q. Should heat up anytime now.
Some years ago, I did business plans for clients of a business brokerage. No one who understands business valuation would call RNVA investors gullible. The stock is overdue to break out on current value alone.
The part about artificial dilution says a lot about why RNVA is so ridiculously undervalued according to all conventional valuation measures.
The last four quarterly reports all exceeded my expectations, and I was already bullish. The market will value RNVA in on revenue and earnings. That means out of the 000s on valuation, pennies on continued growth and some modest speculation.
We all expect dynamic revenue growth to continue as per CEO guidance. Earnings should follow the same trendline except for factoring some modest frontend Myrtle Recovery Center costs ahead of fully realized revenues there.
Less than 10 billion traded since last 10-Q. The Sabby prospectus is still being executed. When Sabby is done, RNVA runs. Nothing in the way but flippers after that.
No time of trade indicated.
Less than a month until the Q3 10-K. My prediction, RNVA will at least hit .0003, maybe even break out, by then. Investors will start loading again very soon, no doubt.
Sabby is being forced out of RNVA cheap. The new insider trading rules and SEC pressure gave the CEO all the leverage to negotiate that prospectus. Time for the market to finish removing this bad faith investor from the picture. When that is done, RNVA runs.
A trading day with volume of two or three billion shares would get it done, IMO.
That is interesting. I think that might mean the transfer agent had to register Sabby shares at .0009 to fill the buy order with Sabby shares at .0001. I think. We're getting there for sure.
Or continue the $2.74 million debt reduction rate of the first half through Q3 and Q4. Better yet, increase the debt reduction rate. I would not preclude repurchases of corporate equity in preferred shares, but paying off debt appears to be priority one.
Last trading day of Q3. However you look at it, we are about to get to the good part. Dynamic revenue and earnings growth. Company guiding (in SEC filings) continued dynamic growth. An institutional investor not known for good faith being shown the door at a rock bottom stock price.
That's called fact checking. Your statement was false.
The bottom line of a P/L is a profit or loss. That's why it's called P/L. Also called earnings, meaning the money the company made that may be applied to debt reduction, corporate equity buybacks, dividends, or reinvestment in growth. RNVA is turning a sharply increasing profit.
Got my Goonytunes coloring book here.
News just out: RNVA Earns Gazillions!
Who wants to leave? Not me.
Absolutely not diluting corporate equity. Sabby seems to have waited a bit longer this time for bids to stack, but still didn't get it. The evidence Sabby has been selling .0001s, not waiting for the .00014, is getting pretty damned strong.
I guess we could start posting stuff like, "Zacks Rates RNVA Strong Buy," but I for one prefer to be able to live with myself.
If a few more would go after it like you have, I believe this thing would break out.
Surely you meant say 3.5 billion? Or 350 million?
Meant for you: Billion?
Billion?
Out of trips and beyond.
I recommend Saving Capitalism by Robert Reich. You'll find it a good read on the topic.