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'High' expectations like our good friend Devils Lettuce, maybe?
Ive got some paint drying on my wall if they'd like to take a break from reading to something a bit more exciting
Hopefully some Q's show up next week? Have a great weekend !!!
ZZZZZZZZZZZZZZZZ
Have a good weekend all!
The worst of the cash crunch seems to be subsiding and the time for bankruptcy was almost a year ago.
They are also now collecting millions in overdue funds and reopening their largest hospital shortly
Not too mention the private investor dumping in cash.
Does the company still have extrmely low confidence from the stock market with fears of further dilution ? Likely. But we'll have to see the current standing, hopefully in the next couple weeks.
Bankruptcy? Naw.
And here I was starting to think Seamus was always full crap when he uses media platforms?
As I said there are lots of moving parts before a split could be approved. A 10000-1 likely make it far more difficult when they even get there, If not nearly impossible
Your guess is as good as mine.
I can guarantee we'll get some answers from the Q's as to how the survived and are re-opening JRMC. In addition to surviving the bottom line may be the forecast for 2020 when the facilities will be better connected and the reimbursement policy is already known to be more friendly for suburban hospitals
Until then there is certainly no split, and after we'll have to see? Also can guarantee there will be no sell of at 0.0001 but there could be a reaction in the other direction.
Odd, they don't seem to be a hurry to get that epic RS going.
They first need to get ALL the Q's out before the 20th with minimal stock movement then pray FINRA turns a blind eye if they do submit the paperwork
It's not like a 10,000-1 split would easily slide under the radar. LOL.
The overdue Q's numbers have already been audited, so right now it seems the company is holding them up and will release when they feel the time is right
In a previous pod Seamus (fwiw) stated they were given the green light by the auditors to release the overdue numbers without the filings but the company choose not too to avoid error.
Of note, announcing the numbers prior to filing was common during the extreme dilution days.
I'll be kinda shocked if they can get this Q3 filing out by November 20th, but I would expect to see the overdue Q's at a minimum
Good morning pumpers, dumpers and turd farmers
Shaping up to be another snoozefest of a day
GL and have a great day
A double top was never happening in this climate. Maybe a blow the roof off top thru the new year as there will certainly be a significant pull back after we really blow upward and I can certainly be convinced to use serious caution after an event like that. I see a much bigger move brewing.
And even then my bias is still towards a bigger run coming over the next 2-4 years, and this is just the kick-off celebration to that party. Again im pretty certain the general market just accumulated for 2 years. INDU (any many, many, many equities) is a massive inverted H&S. Take advantage of the clear neckline for stops
Whether its the final push or the start of a new wave, this current exuberance is nothing as to what I believe we are about to witness.
Enjoy & GL
The fact bears now want bulls to trust Seamus these days might be the best sign have had for some time.
The auditors are done, so I do think is reasonable to believe we see the outstanding Q's anytime within the next 3 weeks.
The extensive audit that went on caught my attention. Reverse public merger also not that far fetched of a possibility.
Not as though they could say much, or anything but there is really no hint of anything of the sorts in the past pods aside from stating something along the lines of shareholders will see RNVA as a new company shortly.
We'll know soon enough
Done Thx.
Feel free to ask anything, there are many knowledgeable posters here within the swarm
They have.
Last 2 podcasts have cleared stated their current intentions to perform a reverse when they get current.
*All based on FINRA approval of course and stock remaining around same bottom barrel price.
https://www.globenewswire.com/news-release/2019/10/30/1938011/0/en/RENNOVA-HEALTH-DISCUSSES-THE-TIMING-OF-FILING-2019-QUARTERLY-REPORTS-TO-REGAIN-COMPLIANCE-WITH-THE-STOCK-DAY-PODCAST.html
WEST PALM BEACH, Fla., Oct. 30, 2019 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTC: RNVA), (OTC: RNVAW) (“Rennova” or the “Company”), a vertically integrated provider of industry-leading diagnostics and supportive software solutions to healthcare providers that acquired its third rural hospital in Tennessee at the beginning of March 2019, announces that Rennova CEO and President of the Company, Seamus Lagan, joined Stock Day host Everett Jolly for a business update.
Jolly began the interview by noting that the Company has now filed the outstanding 2018 audited financial statement and asked when the 2019 quarterly reports will be filed. Lagan explained that the Company’s 10-Qs should be filed within the next couple of weeks, including their third 10-Q which is due by November 14th. “You do get a five-day extension, but really by mid-November I’d like to see the Company all filed, up-to-date, and with our financial information out there and available to investors,” said Lagan.
“Do you still plan to complete the 1 for 10,000 reverse split that was previously planned?”, asked Jolly. “We have no option but to complete that reverse split,” replied Lagan, adding that the reverse will result in a minimal number of shares issued and outstanding. “It should start to reflect a very different value for the company,” said Lagan.
They cannot provide a formal update at this time as until they get their filings up to date. Once we receive the overdue Q's I would expect to see the reverse proposal filings soon after. As hinted at in the recent pods
Questions remain:
1. Will this run after the Q's complicating the initial ratio or
2. will FINRA even allow a reverse givin the companies history
Of course company plans to reverse. BUT
1. What will they do if the stock runs after earnings here?
Lots of accumulation this past year with a lot of news to digest in the coming weeks. And more importantly they currently have no approved split.
2. Will FINRA even approve the R/S?
The are currently cracking down on other tickers
The theoretical, unapproved split being discussed on pods is based on the current status and price of the stock. Lets see how the next 3 weeks plays out, the old game may be about change quickly here
I also noticed the Bears have changed their tune and want us to start hanging on to Semaus words as a trusted source these days. FWIW
I personally doubt anyone will be sweating much longer. Im sitting back and getting ready to enjoy the show I expect to start anytime in the coming weeks
Have a good weekend everyone!
Of course they didn't.
Let's see how they handle matters if there is no longer the capacity to split
Our resident expert will have a .0001 batting average on bold prediction of he gets this on right
We're rooting for ya Georgie buddy!
The fact FINRA blocked the R/S to review give opportunity it may be a NO go. It may also be causing these amendments. We'll see
I love the set-up here but its only good for investors if they stop the dilution R/S or not
Volume creeping back in
I know :) autocorrect always gives the words you use the most lol
So the story is now about the media being butthurt the company didn't give them the risk list as major fuel to crucify them publicly as the fought to stay the course in tough times?
After what seems to be sour poltics put of these rags and politicians recently. I can't fault them for that.
I look forward to seeing alot of great feel good local pieces shortly as things continue to progress
I think a few pent up bulls and bears on this board need to get laid a bit more
Why would you be happy? You said you know better then to buy this stock. Kinda feels like your try my to laid before time runs out
The hospital was lost when they acquired it.
Yet here they are re-hiring to open back up going into a far more favourable reimbursement environment for suburban hospitals in 2020.
I go for dinnner and come back to all this great bathroom reading banter lol. This place is hillarious.
To think how far the company has come to stay afloat and the buy in from private investors to assist during such a critical period in the companies new model.
Time to drop the 3 Q's to get some actual up to date news on how it all came together and what 2020 holds. Local rag is always too many steps behind to be of any help.
Good or bad atleast it won't be last year's news
Maybe we'll get a double bottom 0.000001 tap tomorrow for a spring down deep to prepare for Georges big November run.
Nasdaq doesn't matter at this juncture. That discussion can be had next year and depends alot upon what the company does in the coming months
They need to show stability in revenues as well as create some base for shareholder confidence and interest above all else if they are going that route.
Next few months will be interesting to say the least
The possibility for a run before a split is very much in play
We're basically sitting near maxed out with 3 Q's coming by November 20th, these fins will paint the companies progress, also soon enough Jamestown regional will be re-opening. All should be delivered prior to a split being processed.
This game can change on a dime in the next months. Pun intended
FINRA looks to have a team reviewing these days
Based on history RNVA would have to expect at a minimum they will be flagged before being given any green light to proceed.
Refreshing to see.
No. Is that another? Started with a D and in my recent posts
FINRA just blocked a R/S last week on another ticker im in. On the morning of the split.
Times they are a changing
No new comments. Its all been well discussed the last few months.
Patiently waiting for Q's or news.
Just another day closer
Gimme a Q! Gimme a Q! Gimme another Q
What does that spell?
Hehe a little cheer for the pumpers while we wait. In all seriousness i would expect the outstanding Q's to drop next week
GL!
What a difference a year makes