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We have heard for SL.
He notified just over 2 weeks ago they are negotiating debt/ownership, then notified last week there is no more AS increase and the reverse will be used sometime in the future.
There are obviously things happening between SL & CD, we will find out hopefully very soon.
We should be hoping for much bigger news anyway.
GL
Not the same hospital. It is in North Dakota. I removed the post.
2.5 weeks since this article and 8K:
https://www.wbir.com/article/news/investigations/a-mystery-millionaire-has-invested-even-more-in-a-failing-hospital-company/51-bccd2662-8ea8-413e-bc64-a75181829981
It is a big deal if they pull it off
No one ever knows.
What we do know is currently major things are going on both behind the scenes with this company and behind the scenes with the Federal government and the entire healthcare sector.
GLTA
We can already see there is movement going on behind the scenes with the last 2 8k's and this should tell you something is brewing. Obviously CD didn't pump in 24M into the company to miss an opportunity to profit in return.
The National emergency funding and rule changes just got announced Friday. And the Feds were already knocking on the Company door weeks in advance, which started the negotiation of debt and likely was a necessary precursor to prepare for these emergency changes.
Marsha did her job to look tough for the residents.
The question I have is what dialogue the other Federal groups mentioned in her tweet have had with the company? As much as some want to piss on this company for all the issues here, and seem to think the Feds will do the same, I dont. They likely have some higher level understanding of the immense challenges of rural healthcare and more importantly they have an urgency to get them running for given the virus situation.
Keep in mind the timing of this tweet, the Federal agencies have been monitoring and preparing the coronavirus situation since December. Very good chance all the groups are working together right now to get up and running for the greater good. Also likely what is driving the immediate need to negotiate the clearing of debt which was announced soon after.
How many twitter profiles do you have George?
I appreciate the activism but..... 0 Followers 0 following is not gonna move the needle
Rural area hospitals absolutely need to be ready in case of emergency for the communities and spill-over?
What are you going to do helicopter them in to ships offshore? That is insanity. Moreso when they should be already open for the communities for regular needs
The main point is the 'national emergency' allow some policy to be bent to help Rennova which has been working to integrate this previously hopeless units into a greater pallet of healthcare.
The timing to get them up is perfect for the company and likely why CD is looking to clear debt and start fresh.
I'm sure offshore ships will be an absolute last resort emergency and they certainly wouldnt be a preference in the event of a rural viral outbreak
Actually pretty sure I was stating general but very significant facts about the Feds squaring in on the Rennova hospitals last month and the fact the 8k's how ownership and debt reduction has been in discussion the scenes since the Feds came into the picture.
Surely you can't rebut those facts, so there is really no reason to worry about raining on a parade.
Also, I dont recall mentioning anything about removing minimum standards? That is not even remotely necessary but in a 'state of emergency' the necessary policy changes can occur and move very fast, that is the entire point of it. If the Feds want these hospitals open and stocked immediately then surely will be looking at providing the necessarily changes and assistance required
Well you really added nothing to change those minds LOL
Exactly. The State of emergency means the Feds intend to unleash the maximum capacity of healthcare in every state.
It's not like these Rennova hospitals are flying under the radar to the Feds. They zoned directly in them for likely various reasons last month.
The recent 8ks hint at some serious movements going on behind the scenes since.
No dispute, but they really haven't started testing enough to say with any certainty? Either way this virus seems to be a possible opportunity to line private healthcare pockets. But that's just my skeptical side thinking outloud.
Anyhow, If you watched the Presidents show today he implied they wants all systems ready incase of a larger threat in the future and if this threats spreads they want to be ready.
So here we go
Not sure about that, yet. The 'emergency funds' and red tape cutting at all cost that the Co. desperately needed was just put into action today.
I'll give SL to the end of next week before I join the pitchfork tribe again.
Given the last two 8k's, I really believe they have a plan in place to move forward into this new climate. There really is no more excuses to be had anymore. None.
"Americans are the strongest and most resilient people on earth...We will remove or eliminate every obstacle necessary to deliver our people the care that they need, and that they are entitled to. No resource will be spared."
-President Donald J. Trump
He has been a main part of this operation from day one. Don't forget the other company he boards Alcimede is also involved. He will be well taken care of for his service, i'm sure.
"Today's emergency orders will allow the @HHSgov
Secretary to waive applicable rules and regulations to give doctors, hospitals, and healthcare providers maximum flexibility to respond to the virus and care for patients."
Today's emergency orders will allow the @HHSgov Secretary to waive applicable rules and regulations to give doctors, hospitals, and healthcare providers maximum flexibility to respond to the virus and care for patients. pic.twitter.com/JYJpjE79Hj
— The White House 45 Archived (@WhiteHouse45) March 13, 2020
Without the 'pandemic' there would be no excuse to open up an 'emergency' $50 billion treasure chest and change regulations for various private companies, which just might include Rennova
The picture is slloooowwwwlllllly starting to paint itself
Timing is right.
*SL and CD toxic finance and collaborate to buy up three hospitals for pennies on the dollar. Hospitals that in no way could be profitable based on old rules and regs
*Republican Feds make preliminary shell game changes for rural reimbursements and generate new rural grants for fiscal 2020
*Senator Marsha comes out to look tough for voters and send the bat signal
*SL begins process to step out to let CD drive the next phase
*Coronavirus become a 'pandemic'
*Trump announces billions in 'emergency' funds and changes to regulations
All the stars aligned for this company to make dough now.
GL
Unlocking all the hospital needs and stockpiling supplies
Hmmmmmmm
Marsha was on this weeks ago.
GL
50 billion for States in emergency funding. Hospitals.....
I see an entire world right now on the edge of an event where fear mongers and panic sellers are about to get left standing with the underwear at their ankles
And I fully believe RNVA will be part of that event
GL
Personally i think fear mongers across the globe are about to be had in terms of their market predictions. Including the ones in RNVA
In the past the always leave the PRE-14C form-blank. Even when they filed the DEF-14C soon after and executed the split or even when they just used it to give our buddy Penny some excitement but didnt happen to split over the last year and a bit.
10K suppose to be due on the 31st.
They still have not given the 20 days notice of proposal with a DEF 14C. Then the have to file to FINRA when ready to initiate the split after
Safe to say no split is happening until atleast mid April as the most aggressive target, even if they are compliant
There must be a path to move forward now with CD and SL with these latest filings cancelling AS increases and kicking the split further down the road but keeping it on hand.
Hope we get the detail and some good news next week. These hospitals seriously have to be a major priority from the Governments view so i really cant imagine silence for much longer.
I am fully aware the state of these hospitals. All i care about right now is what CD,SL and Marsha are willing to do to strike the deals needed to get them up at full capacity in the very near future.
If you have anything relevant to post please share. Provoking shareholders isnt a good look when you have absolutely nothing helpful to add
Or you could share if you already know instead of cryptically provoking investing posters
True, but id argue it is far more effective then asking George to provide insight lol
Marsha, Chris, Seamus figure it out and get this hospitals up for heavens sake.
No reason not to be working together right now
Might be. They cant split anytime soon
Penny. What is the date? What is the ratio? Have they given 20 days notice to review proposal? How long after until the send request to FINRA?
Still no Def 14-C, that will trigger the 20 day shareholder review period.
Ironically, Corona might actually be the catalyst that gets this GEM off the ground. Maybe it can still be the GOAT penny stock? LOL
Wow.... look at it drop!! LOL This Corona crash is killing this stock!! LOL
Overall market was halted earlier. Now back to RNVA 0.0001 shenanigans
Another groundhog day Penny
NO reverse split and NO BK.... But why??? LOL