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Same sliver of hope as their ever was here
I'm not sure what the company has planned for financing moving forward. Exercising the R/S in combination with further toxic dilution removes all hope from remainder shareholders.
As far as the issues with taxes, hydro and unpaid debts. Those seem to be clearing up and likely with the help of a private investor. That is a great sign for a company clearly growing its asset base.
Seamus has been clear this is a longer term plan to rebuild there previously bankrupt hospitals. So all that matters now is an update on how they intend to raise cash going forward to support operations
The recent swarm of media negativity and company silence is interesting. Let see how it continues to resolve.
The company resolved the tax lien a couple weeks ago.
Hydro paid, taxes paid.
As per the video the Company is in discussions with Government officials on a path forward.
Little by little this heavy swarm of bad news looks to be eroding. Sure doesn't sound like Seamus plans of folding it up whatsoever so lets get some updates on what the master plan is moving forward.
Deadline extension for the lawsuit payment was today. Likely see an 8K Monday if it was paid
Very unlikely a R/S is happening at this price without a pump, and it would have to be great news for it to move and if something happens here it could be very profitable.
Another week of negative press in the books on this growing turd,and another week of pumpers and dumpers fighting at no-bid. Interesting.
See what next week brings.
That's more of a pipe dream.
Better chance they just don't use it and expire it in September.
It all comes down to financing. They either strike a deal with the assets they have or not
Seriously. Look at the recent news in terms of the bigger picture.
This Co. just paid off an outstanding tax lien to the IRS, are about to pay off another creditor this week with the help of a big investor, they just acquired another hospital.....
And we are suppose to be concerned because a previously bankrupt hospital that this company is working to get off the ground long term ran out of supplies temporarily?
Cmon...
A reverse split and subsequent dilution worries me here. Everything else going on in the bigger picture is getting better every month.
Cry me a river. Did people seriously think there would be no hiccups salvaging previously bankrupt hospitals. This Towns residents are fortunate to have a company working to implement a new plan to keep jobs and healthcare.
The stock has been an immoral joke up till now but the Company is growing not downsizing, Jamestown hospital is not closing as this has been clearly detailed (negatively spun in the media hit pieces) and next week many differing debts are being paid these days the company and big investors. So this Jamestown issue is small potatoes in the bigger picture
Sooner or later the page will turn.
The only doom and gloom is the threat of the pending reverse split. The rest of this is just noise...
I find the timing of all this but Rennova news to say the least interesting with all the debts being paid
Hmmm. May 30th extension huh?
Lots of negative press.
Next week go time? Well see
The hospital is not closing
Anything new in the news?
Some more food for the pumpers
The more I read the more it smells more like a political labor dispute between the company and some unhappy apples working at this location. The company is possibly trying to smoke them out. Now the Left wing political labor groups and politicians have joined in to push back against the company.
RNVA responds
"We have no plans to close hospitals. Quite the opposite, the hospitals you mention have recently been acquired by Rennova as part of a long term business strategy." the company wrote. "Unfortunately the transition of one of the hospitals mentioned has been more tumultuous that the others and resulted in an unexpected reduction in monthly collections over the past three months. This increased the financial pressure on the business but is being immediately rectified. We are very comfortable that this along with new management will result in an immediate correction to a number of recently reported matters and will ensure a successful future for the hospital."
Some more food for the dumpers
Save Jamestown Prayer-Walk
Someone loading up big with 3 shares this morning
Edit: Just as i say that we get a bit of volume
Some updates would be nice
Diamantis will likely cover as it foreshadows.
Company will pay back in the future. When that time in the future is? Who knows. But the fact it gets covered by an outside investors should be seen as a positive for the company.
Taxes, hydro, lawsuits all being squared up in the past couple weeks. Good news that some are trying to make seem as the death
We know the company is headed in a solid direction with very interesting heavy trading going recently and some nice gaps on the chart if they did run it. Whether it means anything given the dark history and reverse split cloud hanging over remains to be seen
The recent negative news could be used the head fake to freeze commons further before a run of positive news. Financials have been held back so it has my attention to see if they start releasing this week.
I read as much baseless repetitive pumping here as the repetitive bashing. So if that's an indicator we are staying at 0001. LOL.
Very suspicious timing Ben
Let see what happens in the coming weeks
Ask them if we are ever going to get ant financial reports again...
The heck is the 10K?
No its real news. RNVA was under pressure to pay the IRS. I just see the timing of the story and Politicians opportunistic banter as very interesting.
Lets see what unfolds in the coming week. Either way its decent news to see all these bills being paid by someone.
Of course. Politicians can't do crap but gain opportunistic votes
Bottom line this was a known situation and didn't come out the blue. Such a timely article. Cant wait to read the drama in the article tomorrow....
Exactly Politician. Good point. Its starting to seem more like political theatrics before the good news.
How timely to come out jaw boning right when the company starts paying back outstanding debts
He gets to look like a hero for being "tough" and "forcing" the company to pay off debts when shenanigans have been going on for years.
The last minute save LOL. How dramatic :) Stay tuned as the story unfolds. Fireworks may soon follow.
Woah
No 10K, unpaid hydro, CFO runs away, now this?
Wait... they just bought another hospital & have an investor paying legal debt out of his own pocket for the company lol.
Something ruthless is going on here... Better wrap it up quick, bills are coming due
Sorry forgot to post link in last post. From 8K above on April 4th
8K link here
May 20th the company has another big bill to pay
"The Company and Mr. Diamantis agreed to pay the counterparty $2,000,000 on or before April 5, 2019 and an additional $7,694,685 plus interest at 10% per annum on or before May 20, 2019. To the extent that Mr. Diamantis makes any of these payments on behalf of the Company, the Company is obligated to repay him"
How can they pay for this without the use of the R/S? Interesting weeks ahead.
.000004 will like come faster today
There was a purchase below 0.00002 today
Not the 0.0002 youv've been predicting but may explain the total funds traded.
Something coming. Good or bad remains to be seen.
They certainly turned off the taps yesterday and today.
I could care less about the power incident or staffs paychecks at the moment. For the time being these hospitals and staff are lucky the lights are even on at all from what i've read.
This company seems to rolling out with a plan to change all this. Biggest question is when will alternative financing be made available and allow upward pressure on the stock price?
All that matters for now is the latest financial reports, update on the R/S and update on the supposed "spin-offs".
Seriously, where the hell is the 10k? Will we see the 10Q close to the 15th or at a minimum get an unaudited revenue update as Seamus liked to do during periods of heavy dilution?
I can only assume we should receive some more important updates here within the next week
Seems VETR is as reliable as Earningswhisperer
The company has yet to deliver their yearly report... I wouldn't hold my breathe for the quarterly to be filed on time
Hope they provide an update on both soon
Skull beat me to it.
No the R/S can be used anytime BEFORE September.
Best volume in over 3 weeks... Which has been quite high even then for a "no-bid"
Not sure what its about but you cant deny something significant is going on.
Sprinkled a little in today in case it does run in the coming days
Dont listen to anyone on this board that can't post a link or source. They know jack shit
So many pumpers here. Usually see them when this stock is about to R/S. Maybe its different this time? Maybe not.
Im also pretty sure the company would need to see share price thru the moon before even thinking of cancelling a R/S they went thru all the trouble to approve.
Im not saying the stock cant run soon. But there is a far better chance we see a R/S then we see a cancellation of the R/S unless we see an epic run
Earnings whisperer is very unreliable
They estimate based on earnings due date and will keep moving the date out by a week unless the company formally announces a date which they have not. That I can confirm but have no idea how reliable VETR is and they indicate a earnings call on the May 8th.
Keep in mind the company has yet to file the 10K yearly report which was due 3 weeks ago on an extension to April 16th.
I have more faith we will hear an unaudited quarterly revenue announcement in the next week or so as the Company has consistently done. And hopefully see the 10K get released sooner or later as well
4 very undervalued shares lol
10Q Due on the 15th I believe - Extension would be the 20th
We can see these dates mean very little down here but Seamus does like to give the un-audited revenue update prior to these submissions
Sooooooo, If they can get the 10K out and soon after provide a knock out un-audited 10Q announcement or some unexpected news with the 10K we may have some movement over the next couple weeks.
Otherwise that dark RS cloud which is looming over like a ticking time bomb is absolutely in play on the forefront
IMO
0002 has been showing most days after hours for over a week
Likely just tickling the nuts of current bagholders into spewing out a couple more dollars before the RS
Historically there is a far better chance they don't cancel the RS
Id love if they did. But to expect that is there intention is insanity. Even if they dont intend to use it soon its unlikely they will cancel it until closer to expiry.
Ill be happy if they can get the well overdue yearly earnings out.
And Seamus said it wouldnt happen again
Seamus Lagan Twitter
Seamus Lagan
@seamuslaganRH
15 Jun 2018
Replying to @mcdearman
Almost there Mike. As I said in the interview and press release this morning I believe it will be finished in next 24 to 48 hours.
This won't happen again!
Shocking.
Good to know. Same.
Ive just been around this board long enough to see that when the rush of new posters show up the R/S follows.
We'll see.
Yep pumpers are back... Could mean reverse split is close.
Rinse and repeat
Not even close.
Time to start taking some profits if we explode violently and go have a nice little vacation looking for a good re-entry in a few months before we start marking-up at a less rapid pace over the next couple years.
If its a top here well see some signs holding back below key moving averages. Just dont see us there quite yet. Its likely Wall St just accumulated heavily for a year and moreso on a December spring at the end. But never the less I will be taking full advantage of any major pumps into the summer
When everyone you know from your aunt to the garbageman is excessively gloating about owning a cannabis stock then you can start looking for cover
I can keep an open mind that this is "the" top. But by no means is that what i see going on here
All i know is we are likely about to see the market violently explode near term. After that ill be watching.
Could it be a top? Possibly. Either way this bull market will violate 3000 as often tops go much higher then supply in euphoria and id expect that this bull market will go out with some bullish euphoric fireworks. As i said id be cautious after May if we see this.
But again my feel is this is just the start of a secondary bull cycle and once we mark-up sectors like cannabis, crypto, solar,small pharma, shipping etc over the next couple years ill be looking for some good shelter.