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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
As of now there is no RS even pending or allowed. Based on history that is a bit surprising they would not use them
Maybe the plan is better or worse for shareholders. No one knows yet but the fact these expired without use is noteworthy.
Well see What the new plan is...
Yep. And it's stated in the last 10q that the proposed splits expired on June 28th. We'll know what the new gameplan is soon enough
Good news for the new shareholders as the pending RS were to expire June 28th.
Seamus sues Windle
rennova-ceo-suing-state-rep
George, the way I look at it is as long as Seamus isn't posting on twitter we have hope.
His prime twitter period was an extremely brutal era for shareholders in the midst of the reverse splits and toxic dilution.
Why do you feel its not a good sign receiving an update? Don't get me wrong the situation is unfortunate but if anything they company is working out of it. Not the other way around
If they can provide an update to reassure all steps have been taken on the companys end that's all they can do and then wait as its just a matter of waiting for the process of re-instatement.
Well, it is a forum on the web.
Not sure where they are implying for certain but this is forum that the stock at length, and im assuming they are not implying twitter or facebook as I don't see read all that much negativity there.
Inevitably I believe its the remarks by the politician in the media may have been the trigger for legal action and the second part may be insinuating they may be looking into see if there are ties elsewhere to see if an actual organized misinformation campaign exists or whether it was just simply butt-hurt investors.
Article link
"...posted on a web based forum"
"...However, there have been persistent rumors of a misinformation campaign involving multiple high-ranking officials intent on seeing Jamestown Regional fail under Rennova’s ownership."
Wow just Wow.
Aside from that looks like good news regarding Jamestown is on the way
New Jamestown CEO was hoping for reinstatement this week or next.
Might leave a few posters here foreshadowing the end of days during the temporary shutdown a bit devastated if the hospital reopens again in the coming weeks
Watch Windle try to take the credit when it happens
It's reported in the latest video BAR posted
It's going to be dog and pony show with the Left wing politician/labour groups vs.the company until the hospital gets reinstated
Which sounds like will happen shortly.
RNVA retrained a lawyer to go after the false slander towards the company
No company is going to subsidise the money pit on its own. I mean they could dilute shareholders further and hope it pays the hospital bills but that's not sustainable
The issue here is not so much the company but the nature of the business. And the Federal government is where the anger should be from locals.
They need to subsidize better for money pit suburban hospitals
Shareholder have the right to be livid at this company but locals need to point the gun in the right place.
Out of curiosity how close are to John Mark Windle?
Windle is a complete nobody in this process being ironed out
Opportunistic lifer
What is Windle going to do besides score voter brownie points and make noise with his Left wing local media buddies?
This lifer just plays the game.... when a resolution occurs his tough talk will be on record.
The resolution for these historically troubled hospitals is between the company, private investors,banks and Feds to resolve.
And I'm sure they will. And Windle will get another term as usual
Promotion of RS was done directly thru Seamus Lagans twitter account
lagans twitter
The fact he hasn't been on Twitter since last RS is a good sign
It seems Rennova (and Partners) have their own plan.
When it will be revealed is the big question?
Given the bills and taxes are recently being paid up, the Government involved, banks now coming forward, new JRMC CEO, and the media is on the scene...
I sense its possibly coming to a head sooner rather then later
GL all
Clearly temporary
Just a matter of time before the powers that be show their hands of what's been going on behind the scenes
For this to work:
The company likely needs a merger with some stable financial backing and the Government also has to be back at the table.
They are not closing so lets see who shoots the first shot.
The company certainly doesn't seem overly worried about the long term future
That's a very good sign
Sadly it seems common shareholders were treated as the opponent with most being finished off in this chess match
Lol. Different Jamestown regional medical centre with news today
Figures
More good news. Is it going to keep coming?
I'm guessing Skull and Abbas14 didn't go out for beers together this weekend
Big pumper of the week is....
Based on the FACT debts were being paid before the Bank showed up to help today and heavier volume.
But yes it's still a garbage scam until it's not.
They weren't rectified on the 15th and that's why they were given the termination date.
The issues likely will be all cleared soon by the looks of things.
Something tells me there's a chance they gets this straightend around before the 12th for a cancellation or an extension to termination date.
The news today and volume may be hinting at something next week
Whoever got the media involved here at this financing stage likely knew what was going on and wanted full profit. My guess is some Polticians are about to look good.
Usually the case
Said it all along this media barrage was likely a sign and all that mattered here was financing
Here we are
Bank financing.
The recent disaster story narrative could change sharply real soon.
Temporary dump. I guarantee Jamestowm will be be back and still under Rennova ownership. They are getting a new CEO for the hospital, paying off local debts and the statements are clear they intend to appeal the Medicaid withdrawal
Yes. That is lots of money to give a company you don't believe in
8K Cleary states the investor fronting very big bucks for this "dying" company
But im sure you knew that
LOL His name is in the 8K. YES
Mr. Diamantis just told everyone that he still believes in the company and their ability to repay him.
Clear as day they are not folding the tent in any way, shape or form.
But who really needs all the facts? Now back to your regular scheduled nightly news program
The Company is considering its options to appeal this decision and/or take whatever corrective action is necessary to maintain or re-enter the Medicare program.
Hey look more bills being paid by private partners. Funny they don't seem to be too worried about the medias sob story
Some things the media should also focus more about a company that is currently:
-paying off debts working with private investors
-negotiating with government officials
-hiring new hospital CEO
-recently acquiring new hospitals
-continuing to state this is a bump in the road in a long term plan to resurrect these hospitals which were failing long before Rennova
Clearly they are working away to move forward and heavy negativity can often be the precursor to a sharp turn around in stocks.
Do you really think the Government, residents and Rennova want the hospital to close?
I don't
Somethings is likely to give. I have more faith right now will see some type of stable financing plan come to light then before this barrage of "catastrophic" news
When the lights come back on it's a great sign you have weathered the storm lol
June 12th deadline you say? Hmmmm
I do interpret the response to many issues laid out as very positive in nature. Many items have been already addressed and oddly the media keeps regurgitating them to sensationalize the story.
Its all about financing progress now. Nothing else matters for shareholders short term.