Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
What matters to potential investors is the details as to why they no longer require a RS.
Existing shareholders already know it's cancelled.
More importantly I doubt the company wants to draw attention that they even proposed a 1 to 10000 whopper over scorned shareholders heads
Best to lift the rug and sweep it. And let the good news roll out
1000
10000 x .0002 or .0001 = $2 or $1
Then would likely drop hard with panache for a week or worse depending upon dilution
Then we would see if there is a bottom to be had or further dilution
I don't see the RS happening. But time will tell soon enough
First you have to wait 4 (2 business) days to validate your expectation.
We'll enjoy some weekend lettuce and discuss with far greater clarity Tuesday morning
Best of luck.
It take various types of players to make a market.
Don't ever look back...
Yep- RS is only done down here for 1 of 2 main reasons - support further toxic dilutive lending, or, uplist to big board exchange. RS is never done for sake of RS, it is always done as a means to support the business agenda driving the action.
I highly doubt it.
Forget about the minimal benefit exercising the RS down at this price, there would also be grand political consequences in the public eye right now.
At this moment the CEO is heavily under the microscope in the media with other companies and Politicians salivating for ammo to use against the company as the suburban hospital market looks to have value with greater government support in 2020.
A RS before midnight would undo alot of work that was done to get to the stage that other companies are envious enough to want in the previously toxic suburban hospital market
I also don't think well hear a peep about the RS if it expires as it was likely used to serve an alternate purpose. All that will matter is proof the company is heading towards solid group as we move into 2020.
Lest we forget the fkery that went on here with a previous vote that didnt get approved.
Take nothing as a certainty..... 4 more days
Look at it this way.
Its highly unlikely they split for various reasons, but until the date has full expired the Company has the approved right to exercise a split.
Timely filings are not cut and dry in the OTC and this company is certainly not one to be expecting timely updates
So much enthusiasm today for a stock that is most likely going to do the 1-2 shuffle
Without news its just 2's
5 more days of this chit
Its not the RS per se. But the dilution that most often follows behind the RS is what keeps some up at night. And some anxiety is warranted given history of this ticker of giving that 1-2 punch.
If they don't execute the RS that's a really BIG deal for anyone who currently has skin in the game and could signal the end of toxic financing
GLTU as well!!
Historically Lagan is not good with projecting dates. To put it mildly.
Based on the fact workers seem to be witnessing delays in individual payment I would suggest RNVA is still waiting on their payment
Its one big flipping waiting game
Have you read about the CMS changes coming in 2020 for rural hospitals?
Have you heard about the millions a private investor has been pumping into RNVA?
Do you really believe the issue with these hospitals is a RNVA specific issue here? Do you? Really? Please explain if so.
I sure a heck don't and if anything RNVA has an integrated network which gives these hospitals a chance as the Government continues to get its act together
Enjoy your move and hospital. You are moving at a pretty good time if this is your actual concern.
A lil' food for the doomsday crowd
https://www.beckershospitalreview.com/finance/tennessee-hospital-halts-admissions-after-staff-doesn-t-show-up.html
Yawwwwn
1's are gone to all but a select few.
This news changes nothing in terms of price action down here and as the company awaits overdue payment
Only news that matters in the next 4 trading days is RS or not
Indeed. There is some interesting volume on that ticker in the last few months. Likely a matter of time.
ESEA showing strength today into todays weakness.
Seems like Rennova needs their payment in the same way the hospital workers need their payment.
Cant beat 2's without the news
Yawn.
LT I fully agree usually a volume spike indicates a change in direction. And its important to take notice.
Im not sold its selling at this time
Refer to shipping SEA sector and its equities, NMM, SALT, SB and other oil related asset charts, even solars like CSIQ, which the small pull back is a bit more prominent and similar high volume
This could be major breakout volume.
My understanding la_traders posts is it could possibly be filed but FINRA daily list may not show until closer to the effective date
Always a gamble in the OTC world
risk vs.reward
Last year
All seriousness aside:
The CEO has recently stated the audited overdue filings should be ready to be released around end of September.
Also a possible 1-100 to 1-10000 RS expires September 30th if not used so lots could happen this week
Also they are currently hiring to re-open JRMC very soon
Also CEO stated the Co. is waiting on millions in reimbursement which on the way
So somethings bout to give. Good luck !!
When do we expect news or update?
Thanks
Good luck J/b!!!
We're close.
I already semi-regret not raking in a few more 1's. But im good with where im at.
I doubt 2's will taken out without any news.
Cant believe that endless bag of 1's ran out
This week could escalate quickly. Really like the long and immediate setup
Pump the stock to the moon and reverse split on the back end in the name of "uplisting" compliance.
Always in the back of my head as logical so long as they have achieved the plan they set out and will be on stable footing going forward. All seems to line up pretty well right now
Lets see what the week brings. I certainly like the set-up going into next week
;)
Not a prediction per se.
But its the last week for a pump and split
One of the many scenarios on watch
You missed the flying 1's
I also don't think we'll see A period of flying 2's
This dog will either with rip thru and more likely jump over current supply resistance faster then you can blink
Or
RS
*I don't see the RS happening (atleast yet) but that's still an available option for the company in the week ahead
Maybe Xmas comes early next week?
Rennova is also waiting for its own reimbursement in the millions
Unfortunate on both side but I would imagine one will clear the other
It will take effect as soon as reasonably POSSIBLE.last line of filing.
Hope some news early next week so we are spared 5 more days of circular RS debates