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You've been saying this for over a year.
I do believe a split is coming, but not anytime soon and not at this price
Fact is they cannot do a split anytime soon and they need to cleary raise funds.
How will that happen? CEO is in discussions so we'll likely know very soon
No reverse spilt can occur anytime soon
The company never filed the paperwork to give the 20 days notice
Wonder why?
I would safely assume most retail share are as well.
The bigger holders possibly.
They may not want it to run as its maxed out until news hits, so as we buy they keep adding more as we saw today.
Retail is in for a lotto, or too underwater to sell for any reasonable benefit. Also it is not tax benefit season. And high risk has always been here
If you put up a sell order they will jump the que prioritize your sell before as 12yearplan was doing. That alone is interesting
Naw, retail isnt putting up that wall of stock
ZZZZZZZZZZZZ
Dumper mongering dance party continues until we get a Company update
Yet here you are, devoting so much time here, daily. And weekends too.
Likely the same type of companies merging with rural hospital companies with far less value then Rennova all over the Country right now.
As pointed out to you yesterday with articles that this is what is happening all over rural healthcare these days with far more basic and less valuable struggling hospital companies
Yet here you are again with no new info to share with us actual shareholders, but using CAPS and memes to claim a narrative that no one would be interested in partnering for the future.
???
Sure thing.
I'd argue you most likely have a company likely on the verge of fixing your old broken down ship(s)
Look deeper at the intrinsic value of the company and not just your previously dead, completely unwanted 'soon to be' local hospital this company is working to integrate with two others and its labs, software etc.
If it was expected to be easy there would have been a line up of buyers when they bought the places for some peanuts.
I mean it's not as though Seamus himself hasn't recently said he is in discussion for a financing partnership? Has he? Yeppers. And if they pull off something here the whole community should be very thankful and should have a very bright future given the fact Rennova can now fully leverage and integrate all its assets. So dont give me this end of days crap, we're actually about to find out what the next step is with this company very soon.
Oh and do you realize the Feds have made changes to help rural owner recently so when they are up in full things will really have a chance to survive for once
Again what info do you have to help actual shareholders, aside from provoking actual shareholders?
Also I didn't even need to use CAPS with so much detail in my response.
There has been quite a bit of high quality soil coming from both sides of the bull/bear coin here.
G, To think instead of buying 'worthless' stock, you could've been finding a message board of a company you believe is not worth investing any time or money. Then spend 7 days a week investing quality time directly mongering buyers about it being the worst investment.
You possibly took a deep cut into some larger holders profits (long run) today lol
Honestly, I'm not buying the retail is selling their lotto tickets or deeply underwater positions and this and its not close to tax break season. The previously approved 10,000 to 1 RS was just as unfavorable for retail then anything going on right now. Then we have 12yearplan getting bumped up the que and filled selling as a test twice recently.
If they dont want it to run yet, someones gotta put up their own shares to keep the door shut with shares maxed.
Different take.
As long as we recognize the bias and negative sensationalism in reporting then the cherry picked information is still very useful. This is the age we live in where we can gather info ourselves from many places.
There are lots of relevant tidbits related to the state of the company, and urgency for them to act. As a shareholder who firmly believes we are actually on the verge of a better future here and not the destruction narratives being tossed around as the outcome, i welcome the pressure and this spotlight. Look at the splurge of articles recently, Senator Blackburn popping up, the recent promoted, yet unreleased pod, and Seamus noting they are in talks with partners. Ya, something is brewing and coming very soon. I have my bets and more hopeful then ever.
Retail shares seem to go first. GWeaver might buy you a drink one day with the shares he bought from you ?
Really thinking the wall creator doesn't actually want to sell
I do question if the seller(s) is actually happy about dropping shares?
One more slap like that from retail and more pressure may really grow on Seamus
Nicely done G.
GL
Call 1-844-Gramps99 for all your detailed Healthcare investing information needs
'Cause nobody forgets more then you'll ever know like Gramps'
Common- The delayed large monies sums owed to Company had to do with company changeover from the previous owner to Rennova
So there ya go.
More importantly unlike other struggling rural healthcare operators Rennova has a multitude of valuable assets that can be incorporated to create a more efficient and holistic environment if a company can give the boost to get the trifecta off the ground.
For those Companies looking to merge, this really would be as good as it gets.
And lastly Rennova is likely not in anyway interested in liquidating ALL of its asset pipeline for pennies when they can be leveraged for long term profits. This alone is why they likely came for these once unwanted, money pits hospitals.
Nosey- Few things
The monies required to partner and get all 3 hospitals up and running within this improved rural health climate which would avoid a long BK bidding process may seem very attractive to some of the bigger healthcare firms or those you know already insinuate are sniffing around. Mergers are happening all over rural America right now for better or worse. A quick google search will show how common this is right now.
Other points:
1. Healthcare BK's which contain diverse assets are very complex with various conditions to even begin to consider operating the assets prior to the full proceeding coming to a close. A BK process really does little to help residents, politicians, and company near term as they all want and still requires a lengthy bidding process.
2. As you stated there is 'competition' you believe is capable of operating these facilities. There has also been a soft gestured offer a few months back. Safe to say there is interest. Im not sure they would be seen as good faith partners to the company trying to do the all hard work right now. None the less there is clear interest
3. The changes to CMS and Fed grants combined with the level of integration Rennova has achieved to get these previously unwanted hospital has likely created even greater interest.
4.Contrary to the 'inevitable' BK some spew here. Its actually very unlikely Rennova ever intends to file BK for reasons I already detailed.And clearly they are not out of options to fulfill their plan.
http://exclusive.multibriefs.com/content/healthcare-mergers-and-acquisitions-navigating-the-landscape/communications
https://www.gosanangelo.com/story/news/2020/01/23/changes-texas-law-clear-path-hospital-mergers-across-state-shannon-community-health-hendricks-abilen/2738257001/
Of course. That is where we are.
End of the day Rennova took over abandoned, cash burning, rural hospitals that NO other company wanted within a terrible financial insurance climate and have been clearly trying to sync them as an integrated network for the future to give these beyond challenging hospital a slight opportunity to succeed. Looking back, could anyone have expected magic?
IMO there are many reasons why debt has accumulated while working to get these integrated. A few:
1. Previously no help from Feds
2. No CMS at JRMC but still have some overhead.
3. Issues starting up software into new plants
4. losses from previously unfriendly CMS environment.
5. Cost of slow reimbursements
6. Cost to get JRMC up and running again while trying to keep the other two afloat.
......
The company value to an outside entity is quite high I would suspect. If they pull off a partnership to boost these hospitals back up to fully operational and finish the job they set out, that would be quite a feat. And will be interesting to see how it works in a more friendly climate with larger backing to absorb the delayed payments.
The Company is not the root problem here.
If anything the Company has almost finished setting up the foundation for synergies within labs and hospital with a more friendly CMS environment to coincide
Clearly companies that were previously not interested have been sniffing around. Or atleast we are told by a certain poster who owns no shares.
Pretty good timing for everyone to partner up here
Merger vs. BK.
And the Company have never previously mentioned they were exploring a partnership until now
I never heard any public announcement that the company was searching out a partnership until now.
All we can do.
He's not hiding?
He responded to the Senator on time. And basically stated in legal terms the company is working to secure a financial deal
Shareholders will and cannot not know anything until they reach a deal that can be legally broadcast.
I personally believe we'll hear something very soon, possibly thru a filing or pod. But this is what it is, until something is finalized, not much more can likely be said. The pressure is on, so should get done quick if its on the table.
......And if no deal is to be found then the community activists will get Rennova assets at pennies on the $, and rent them to an operator and everything will be smooth and happy as our resident BK theorists have detailed repeatedly.
(FYI, they are actually not experts)
Not sure what coming on this board does to help, if that's your cause?
We as common investors have done our part, so we can't help you. And since you are not an investor do you have any relevant news to report that would be useful to us?
I just read the same ol' doomsday theories day after day. Very interesting way to spend so much time if your cause is to see the hospitals regain footing and you have no investment interest
There is just no way Rennova & friends did all this work to acquire these hospitals at a time when no others were interested, came all the way back with audits to regain financial compliance, and invested so much capital simply to file BK or give away these hospitals back at pennies on the $ to the extreme political activists in the community that seem intent to blame all issues with these pre-Rennova money pit hospitals on the company looking to integrate a sustainable.
Dont see. Doesn't add up at all.
GLTA.
Tick-tock
Enjoy the long wait for that report
Certainly don't see it doing nyhting help or resolve matters at hand
Looked like the money loaned was minimum amounts for the company to scrape by and stay afloat paying off debts and settling a previous lawsuit
What they were staying afloat for is what i believe were about to find out.
That would be up to the Company and would require a serious offer. Always possible.
Inevitably at the moment they need a financial deal to continue, and my guess long before was a merger of some type could be on the way.
Seems more likely now.
https://www.wbir.com/article/news/investigations/a-mystery-man-has-invested-millions-in-a-failing-hospital-company/51-a0287388-9249-450d-a615-f2c1e094eec9
"They invest, she said, in the hopes that the company will bought out or regain financial viability through bankruptcy restructuring."
I like both options, but a buyout(or merger) best for common shareholder return near-term.
I personally dont see BK happening at this stage, but this one would be a whopper with the vast pipeline of assets and I dont share the fear mongering of a shareholder wipe-out in this instance that was being throw around
A good broker would tell you the same for any OTC stock.
Safe investing vs. high risk investing
When it comes to high risk investing the only decision maker should be you. Follow your gut, take your lumps and move forward with your own decisions.
Many here will give reason for being in or out of a stock, but aside from looking to pick up some added info or entertainment I'm not sure this is the place to be looking for an 'expert'.
GL
Tick-tock
Agree, too early to judge intentions or integrity of that new poster. If the poster is sincere it is great to have them on board.
But,understandable some are suspicious of a new poster, given the historical posting activity here and suspicious activity here along with a well known user who had recently been running multiple accounts to provoke investors.
Isn't the CEO the majority shareholder?
I completely understand the concerns with Seamus, but not sure what your voice can do aside from hoping someone is caring enough to listen FWIW?
Im more interested in his ability to close a deal quickly here. That is what is required right now from the CEO and would be very positive for shareholder in this climate.
Best possible outcome for all stakeholders and sure sounds like they have been in discussion
No, not a possible scenario at all, from many angles.
The first reason Is that you really couldn't have bigger conflict of interest then this. DOA