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The company can do both if they want. Pay investors first then RS for future compliance.
I don't think a RS here does any good for either. We'll see soon
Company said mid-August
"....However, the Company is on the way to completing their 2018 audit and expects to be fully compliant and up-to-date by mid-August....."
[url]
https://www.globenewswire.com/news-release/2019/07/01/1876719/0/en/RENNOVA-CHIEF-EXECUTIVE-OFFICER-SEAMUS-LAGAN-JOINS-STOCK-DAY-FOR-BUSINESS-UPDATE.html[/url][tag]https://www.globenewswire.com/news-release/2019/07/01/1876719/0/en/RENNOVA-CHIEF-EXECUTIVE-OFFICER-SEAMUS-LAGAN-JOINS-STOCK-DAY-FOR-BUSINESS-UPDATE.html[/tag]
Hopefully the delayyyyyyyyy is worthwhile
Ben for various reasons retail has been frozen even moreso during 6 months of what looks to be a decent amount of accumulation.
Very positive news started sneaking thru the contradicting clouds of doom and gloom this week with CMS and this news had financial benefits beyond Jamestown moving to re-open. So I question if shook retail will even be able to inch back and dip their toe in slowly at 0.0001 when things continue progress.
If accumulation is true then why wouldn't they take full advantage of the Pinky payback possibilities before the RS and road to compliance starts?
Run first, RS later.
Even if RS before a run there will be a quick bottom put in. But a nice run before a split seems like a more favorable move for all parties when sitting at 0.0001
Lets see whos hunch is right?
RS storm or run storm?
Somethings is about to give in the coming weeks
They may have already shook the hell out of retail enough to accumulate the majority recently. Doubt will see the flipper shakeout at .0001
I have a hunch RS may come after the 1st nice run as retail gets in the news and PPS is more favorable
But will have to happen soon for this scenario.
They have till the end of September to use the RS. 1-100 to 1-10000
CMS working with RNVA. Interesting
Another delinquent financial period.
Just like last quarter there is no late filing. Not a good sign
They are required to provide an extension notice by today if not filing
After last quarter there is really no leeway on being late. They should have been prepared Really not good
Political games aside Where the F are the quarterly reports?
Dear lord. The media is an absolute joke.
Due date is tomorrow.
They haven't filed for a late filing. Late filing date which is usual in OTC is 5 calendar days after the 15th
Considering we still haven't seen last quarter financials who knows?
It would look good if the company can get it out tomorrow after what happened last quarter
All the vultures are now swarming
The Government came to the table to help suburban hospitals starting next year.
Some nasty politics going on.
Your move next Seamus
CEO says alot of chit and BS
Proof Will be in the earnings. If they can actually get them out this time
Well see
Government fiscal is usually in the fall. So I assume not till October 2020.
Could be over a year before this take effect
Saying that. If RNVA can show significant financial progress in the upcoming earnings then these changes could create some nice attention
The article also stated the calculation of the rural floor wage index value wont be in place until the beginning of fiscal (October?) year 2020
Public option Medicare is a separate issue that has differing political viewpoints of it's impact.
Buried at the end of the article and clearly detailed is the explanation as to why rural hospitals are about to get a big boost with the wage index change. This will absolutely assist no matter what medicare plan is in place
""To help struggling rural hospitals, the Trump administration last week issued a final rule to increase the wage index for hospitals with a wage index value below the 25th percentile. CMS is also finalizing changes to the wage index "rural floor" that will remove urban to rural hospital reclassifications from the calculation of the rural floor wage index value beginning in FY 2020.
To pay for the wage index hike, CMS is using a budget neutrality adjustment to the standardized amount that is applied across all IPPS hospitals. The American Hospital Association said the wage index hike for rural hospitals comes at the expense of urban hospitals, and has called on CMS to "increase the wage index in a non-budget neutral manner.""
https://www.healthleadersmedia.com/finance/medicare-public-option-threatens-half-rural-hospitals
This will have a significant positive impact on Rennova:
www.cms.gov/newsroom/press-releases/trump-administration-finalizes-policies-advance-rural-health-and-medical-innovation
The ball is completely in the CMS court big time right now
1. They are working update the wage index system to help suburban hospitals as per new Trump admin policy
www.medscape.com/viewarticle/916536
2. They have two give the green light to reopen JRMC
Both approvals could coincide and will certainly be a boon to Rennova
Not sure how accurate that date is. But it would certainly be nice to see an early filing for what occurred last cycle.
Realistically anywhere from the 15th due date to early following week extension would be fine.
Just want to see these reports released this time.
Next Earnings Date 08/13/19
https://www.barchart.com/stocks/quotes/RNVA
..."unless you're holding a Billion shares or more."
Its not a billion to one RS so this is quite the stretch
More importantly there is still almost 2 months in between the RS deadline with no RS scheduled at this time and both old and new financials due in the next couple weeks.
Lets see whats in the reports
I don't disagree with this statement.
There are many scenarios that are plausible here with a pending RS
I'm interested in seeing if we get a reaction if the reports gets filed by September
Go from there
Lol you are the one that insinuated the shares are being accumulated and it would be suspicious if it actually ran.
If these shares are being accumulated by noncommon investors then yes we will see markup sooner then later. It doesn't matter whether OTC or Nasdaq. The stock doesnt move until the big boys have stocked up and need to get paid back. Toxic financing will certainly end at some point as the company has made big strides
Will it be the case here? Absolutey sooner or later it will run as their is alot of stakeholders helping the company
Will it happen without another RS and further toxic conversion is the question where all about to find out soon
If It's true accumulation in the 0001s I wouldn't be shocked to see this turd finally run.
You could say the exact same line for any run-up on stocks in the history of the stock market
Accumulation always precedes a price rise/mark-up and on different timeframes as well if you are watching the big board.
If these shares are actually being gobbled up by investors then it should run.
..."it will be way to obvious as to what's going on--- Meaning it would be for and to the benefit of whomever has been sucking up all the shares @ .0001."
"Just be healthy."
Minimum 2 months before a RS decision will be made and implemented.
Watching the bounces off the 6's has me thinking it go time very soon
Woah. Look at the volume increase here !
Thank you for clarifyin September 30th RS deadline
The deadline to use the RS is approaching.
History favours another obliteration of common shareholders
But could be an interesting August if they can finally get there filings
Bottomless pit is right. Endless 1's lol
Quite the volume jump this week.
Quite the volume going on
RS can be 100-1 to 10000-1 and can be executed any time before September 1
So it has been approved to utilize but not scheduled as of this moment
Seeing extreme bull pumpers become extreme bears is interesting.
Contrarian indicator on full watch here.
'Sooner'. Nothing has been proposed or voted on yet so yes soon but not that soon.
The RS is coming, the BIGS were told in the agreement that have to nod yes to any proposal and cannot sell during lockup.
If we don't see a run very 'soon' all commons are likely obliterated IMO.
Just nibbling down here watching for signs of a double bottom reversal
Agreed I would also expect run down below 6 cents unless news.
But the 6 cents in the offering is only relevant post split so I nibbled the 8's in case. Then I will nibble 6's and watch for a sign of reversal in that area to get a bit more and see what happens
Believe it when I see it start to happen. But all seem to be lined up
Chapter 11 is the least likely with a company with a restructuring plan and is also currently in a growth phase
Maybe years for now if it all falls apart. But as for now the hints are at very good revs and a Jamestown which will have nrw local CEO leadership when reopened.
Let's see some reports
Greece this is very interesting and seems like a control move that could actually spell good news for commons near term
Chart looks like a possible strong double bottom forming into the mid April heavy volume low and keep in mind RS cant be enacted for some time no matter what is decided and proposed. So no selling for BIGS during the next 4 months but not commons
Shareholders could possibly have an opportunity to sell in the near term on a run up, while the company gets its RS approved and the big 10% investors who are "locked-up" could sell on the next run in the coming years post split following the next wipeout
Just an hunch so hopefully we do get some traction after the offering closes here and the company with some much needed cash coming into reporting season