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Waiting for the breakout will be the right move so long this doesn't really gap up mightily on an event. With no split on hand the risk to reward is beautiful given current events, climate and pressure.
There's no guarantees in life, but there are always possibilities. From experience I can say it is always best to follow your own gut instincts when reaching out at the possibilities.
I can see a bit more urgency to get all the hospitals open. Slight chance the labs see some renewed life
I know the hospitals are the front line concern right now for the communities and Rennovas overall future growth
But im starting to wonder how valuable Rennova labs could be again very soon?
Yes 10K supposed to be March 30th for RNVA. They also get 15 days but as we know dates are loose in the OTC
Although 10K not as important right now compared to other current event for looking guidance
The story is so bizarre it will likely either be some type of major event miracle or bust.
With what sure looked to me like alot of accumulation pre-split coinciding with the investment i have my alert set and popcorn ready if that day comes
What we do have is pretty big urgency right now politically with a direct scope pointed at this Company. So not crazy to be expecting an update very soon
Patience none the less, we cant control what we cant control.
If they can even get lab testing reimbursement again....
Just thinking outloud
https://www.google.com/amp/s/nypost.com/2020/03/04/trump-blames-obama-rule-for-slow-coronavirus-response-in-us/amp/
Right or wrong there is doubt the lab biz went under under Obama. Looks like there may be a door opening again. Could you imagine?
No concrete predictions based on time, but IF we break out positvely this month id say .01 to 0.1 possible on the euphoria alone and IF they can leverage other products outside of the hospitals, along with stabilizing the hospitals I could see much higher.
But this is all based on my belief of this being 1 year of accumulation and a positive break out of the .0002 channel
The ship CD and SL were building for a couple will be set-up for the first time ever. And the waters will be smoother for rural hospitals with the new CMS changes and grants.
It'll be a completely different game for CD to be the face of.
The toxic financing game to acquire parts for the ship ended over a year ago. The toxic era is likely over for good and probably would ever work again in any significant manner.
This is the next phase with CD as the face is likely one that aligning both the insiders and the commons. We'll see
GL
BK is not simple here. This isn't Sears.
The State has no time for that. the Community has no time for that.
The Co. surely doesn't want to give away their lengthy pipeline of assets for pennies on the dollar. They were the BK scavengers looking to build something greater.
The insurance and grant climate is better then ever. CD ain't taking over and sending this to no BK
I really believe you are going to do far better then you even thought when you first invested. I really do.
I can list the reasons BK isn't an option right now over and over, but rightfully you'll need to see action to believe it.
I think were near the end consolidation rope with everything is coming to a head, always gotta have hope.
GL
This sure look to be accumulated very well prior to the split
Such a bizarre chain over events and now silence.
No disrespect but what was your strategy for buying nearly 5% of the AS as you've mentioned?
There as much or in my view more hope now then anytime in the past few years?
Ya strange that Becker published it today. I guess they are just a general news, not an up to the minute publisher
Isnt that the same news article copied and pasted from the other source last week?
I dont see anything new in there?
Exactly, it was the past Governments that failed these hospital previously. There is more then just grants, rural hospitals will also receive higher reimbursements the CMS
This is a whole new era. If CD can clear debt and they can receive CMS reinstatement for JRMC we will Company be able to integrate its assets. Which can hopefully find greater savings
The previous Company models, and moreso lack of Government supports failed these hospitals, Rennova plan to integrate multiple assets has yet to be tested.
If CMS is reinstated and CD clears debt they should get the opportunity to start this year
SL and CD have been partners with a long term plan in mind for years. At this stage the discussion is likely to be more about the accuracy within the legal paperwork, then figuring out the high level details of the handover. This guy wasn't lending money for nothing over the years, and while we have been in the dark, it's highly unlikely this some reactionary scramble with so much at stake.
Also they Feds ratcheted up the pressure to move so the timeline is unlikely to be dragged out too long or risk losing CMS re-activation and the newer hand-outs for rural hospitals.
I really didn't believe they were heading in that direction before this news.
Now I truly dont see it
The only thing I feared was in the back of my head was toxic financing on the back of commons for another asset or to keep thing afloat during a beyond challenging start-up
Some credit to SL and CD (if and more like when they pull off the deal) they did not go that route the past year with finances as they were. Commons have certainly carried this company far enough buying the assets. Now its time for the Company to clean slate and get them all up and integrated with other products to see how the system they set out for works.
It is a much more favorable rural climate with insurance and government breaks, also with greater urgency to be operational politically and healthcare needs peaking as well. The timing seems right
You cannot assume that proffered is the only part of this debt clearing negotiation in relation to shares?
The preferred shares are what will enable CD to take control of the company itself but i'd bet there is a bigger deal to be had if hes betting on the Company to this extent.
The new company may be closer then ever with CD taking over and erasing debt
"We have to get compliant and get that transparency or become transparent again to the investment community, but I do think that everybody will recognize us as a very different company in the very near future."
Seamus Lagan
September 2019
https://www.sec.gov/Archives/edgar/data/931059/000149315219013631/ex99-2.htm
7 years after CD clears all the debt and takes over the company with shares this month
Fern, the brightest mornings follow the darkest nights.
Not likely true, but sounded good and to the point lol
Bottom line, stay strong. Look at the volume,and recent chain of events. Something is about to go down soon
The run hasn't started.
But looking at the continued volume it looks like many might be fueling up for something.
Tick-Tock
Gonna need news to jump over the 2's
GL
Yes, and eyes are now back on this and if the Company doesn't take advantage of that soon either its a big miss for the stock
So there is another reason the coming weeks are important.
Time in general is more crucial at this stage.
Financially & politically
Tick-tock
But we know what we know, and place our bets accordingly.
Seems someone here claims to placing heavy bets on stocks they feel are going into a destructive BK and after months of provoking long holders.
To each their own.
Choose the voices you let in wisely, be skeptical of everyone and most importantly always follow your gut.
If you look at the company solely as an operator of previous bankrupt rural hospitals then sure it would look like BK is where they are headed.
If you look at the Company as a whole and look at what they are attempting to so by integrating these rural hospitals into something greater you might seen things far differently
Which I do
I have never carried on assuming a lone outcome myself.
Altnough you had been assuming a disastrous BK as the lone outcome for months then ironically you came out last week claiming to be major holder of a stock you belive to be headed for disaster
I assume many scenarios myself based on many factors. BK being one of the most unlikely outcomes for various reasons in the way the company has acted. I also wouldnt fear BK here as commons would likely be well paid given the pipeline. But the crappy part is the process would be long and complex. Anyhow it's not what the Company has been angling towards in any way
GL
Not sure about these spin-offs. This sure looks to me like they were used as dangling carrots for commons to buy shares used during the toxic financing days.
If merging or buy buyout behind the scenes then they likely remain as part of the package and their may not be ant need to spin-off
Also remember the extensive audit going mid to end of 2019 to regain financial compliance. It went on for quite some time.
What kind of a company does that if they are on the verge of filing BK? Id say pretty much none. Extensive audits are common for many other positive corporate actions.
If there is something in the works behind the scenes and Chris and Seamus have partnered to do enough to get by this period without using the reverse, us commons should be extra thankful.
Could it be the cost to extinguish debt for shares prior to a merger or buyout event is far greater then rewards of BK?
Maybe?
Only the Company knows why and we're closer then ever to getting those answers
And Rennova certianly has not acted like a company about to claim BK in many areas but something is go on behind the scene. Keep in mind this Company has an asset pallet far beyond acquired actual BK hospitals for peanuts that can be integrated, bundled up and sold as a synergistic package. What is the value in this new climate with all this up and running? Pretty big I'd imagine.
Also looks like a solid year of accumulation here to to me in the chart.
My take:
As with RNVA the larger general market sugar high has yet to really get going, this will leave the political pundits calling for a larger recession with serious egg face.... again. Wall st is using this fear event to shakeout,correct and re-test key areas on the big base of sugar accumulation demand of the last couple years within this double bull market.
You can see the volume and strength into weakness on so many healthcare related equities hinting at what is likely to for this sector specifically.
RNVA itself is in a financial and political pressure point going into the market shakeout. This pressure, increased volume and recent 8K are hinting that bigger answers we seek should also be coming soon.
Tick-Tock
GL
That was caused by the 10,000-1 approved reverse split expiring without being used.
The excitement was put to bed when the company released a hard to find negative podcast with Seamus discussing reactivating the 10,000-1 split. And oddly the host making mention of an active RNVA internet forum. LOL
Personally I see that period as possibly creating the midpoint in a somewhat hidden 'W' style(double bottom) accumulation pattern. But thats just me.
Tick Tock continues
Solid start this week
This will go when 'they' want it to go.
Aside from helping to eat up the AS, Retail cannot change fate here.
We are lined up very well, im looking forward to the coming week and months
Maybe once we get above 0003 Skull will claim his owns 400M shares like Lenny did today?
The toggle switch on our resident dumpers will reverse one tick a time
GL Ferd. Volume alert. It's our time