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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
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
LOL. Yet clearly they gearing up to re-open the hospital.
Obviously somethings has changed since last year to allow this to occur
ZZZZZZZZZZZ
Drop the Q's
It will get bought off of every tap around .06
Triple bottom, inverted head and shoulders, high volume accumulation phase
Whatever you want to call it. It looks like a nice bottom forming.
GL
I'm in the limb with you.
Wasn't really shocked to see the postponement. Was more shocked it was going ahead.
Run about to start split or not
It never seemed right to do. Either way were bottoming
Overdue Q1 and Q2 still need to be released in the coming days
Q3 likely anytime from Nov 11 to December 1 if they can get it out around the date this time
Soon in Seamus time or Real time?
Q's this week or next?
Likely back to $6 (0.06) for a bit. Watching and loading again in that area
George 1234 said it better....
We've got newly integrated medical operations on real estate in Tennessee. LoL