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That's great for you, but still illegal. RNVA should consider legal action against MM who trade shares below par value! BTW, I've never been able to purchase shares below 0.0001 even when RNVA is pegged at 0.000001. My broker pockets the difference... likely the intent of these games.
Just market makers playing games. RNVA cannot legally trade below par value which is 0.0001!
A company’s stock must trade above the minimum legal requirement set by its par value, which means that the stock cannot be bought, sold, or traded at less than its par value.
Wow, 2.8 stars? I wish my local hospital had that rating!
So, RNVA is a scam because some patients left negative reviews?
I think you'll find 2.8 is an average rating for hospitals with some reviewed much lower...
https://goo.gl/maps/c1k2Ztsm8KDbd1xP9
Great post WhiteCoal. Someone's "fast thermal-pyrolysis processing" technology is "a critical part" of SER's carbon engineering program. Coincidentally, SER designed and gifted a million-dollar "coal refinery" kiln to the patent holder of such a technology, whose test plant is located just a few feet from SER's lab at WyIC.
$$$
Thanks, just remember to vote for me for CEO and I'll bribe Cartman with pom poms and a bucket of cheesy poofs.
Yes, I expect it soon, along with an announcement of the annual shareholders' meeting. I suspect they have much to discuss... Who will be the next CEO? **
Let me be first to put my name in the hat. I'll work for peanuts until the company is profitable. I'll live in that broom closet they call an office and play videogames while perched upon the toilet/mop bucket waiting for the phone to ring. I can't promise I'll do a better job, but it would be hard to do worse... and I'll check my bucket once a day for lumps of clean coal and provide daily updates.
**Just a guess.
It was from an email about 6 weeks ago.
He added that the R/S "enabled us to move forward with restructuring our balance sheet with respect to our debt" and that "needed to be completed before the financing stage."
All of this has been well "underway for the last 2 months." and "I will issue a public update on this progress." ... but no word on when. My guess is within the next two weeks, which is when the 10Q is due.
Lies are color coded... j/k.
$$$
40¢? That might take another reverse split...
or some good news!
Neary there! (sic)
"I understand the frustration but a lot of progress is being made and I look forward to sharing it with the market."
CCTC or RNVA? Sorry, I sound like Cartman.
Great, but for the record, I'm not telling anyone to invest in any stock.
I know you already know this, but never invest more than you are willing to lose, especially in OTC stocks.
That being said, RNVA has been bouncing between 0.000001 and 0.0001... which is insane considering that RNVA's market cap is only $15k at 0.000001. Consider that RNVA is expected to report $4M in 3rd quarter revenue... yet its market cap drops to $15k on a daily basis. Lots of games being played with this stock by market makers. I'm not aware of any brokers that allow trading at 0.000001. Schwab rounds my trades up to 0.0001 and apparently pockets the difference.
Based on what I'm hearing, 0.0005-0.001 is very likely and even 0.01+ is being talked about. With potential returns of 5-to-100x, it's not a bad way to gamble a few hundred bucks. BTW, it hit 0.0004 just two weeks ago!
Yeah, crazy isn't it? RNVA has had multiple reverse splits and is still worthless (0.0001)... yet, somehow is managing to rake in $4M in revenue for the third quarter with talk of issuing a dividend.
With luck, CCTC could be the next RNVA!
ZERO to HERO so fast it'll make your head spin!
What am I talking about?
RNVA closed today at 0.000001... That's a lot of ZEROs!
Today, in a new 8K, RNVA CEO Lagan "estimated net revenues for the 3rd quarter were over $4,000,000, making it the best quarter in the past few years." He expects this trend to continue.
I believe RNVA currently has ~15B O/S.
It's been trading between 0.0001 and 0.000001.
What's it worth? I'll let you do that math.
$$$
https://ir.rennovahealth.com/all-sec-filings#
$4M+ NET Revenue, 3rd quarter! 0.01 is possible!
CEO Lagan suggested this trend should continue in future quarters.
With 15B O/S and assuming a very low P/E of 10, that could easily justify one penny per share. Considering that the average P/E ratio these days is 20-25, even 2¢ or more is possible.
RNVA has been bouncing between 0.0001 and 0.000001...
What happens if RNVA runs to 0.01?
Imagine the FOMO if this posts a 10,000X gain.
$$$
Thank you Lou for turning me on to RNVA!
No, it's back up now... Nothing has changed.
... or has it?
The decimal point moved?!
Oops, just a speck of dust on my screen.
CCTC's homepage is down... Updates soon?
https://www.cleancoaltechnologiesinc.com/
"Coal Makes a Comeback!"
Just two days ago, my brother's van was knocking under the hood... then the engine seized; total loss.
Lucky for us, the knocking under CCTC's hood is a big blue rock tumbler. Can you hear it? What a beautiful sound.
I said short volume, not short interest.
Let's say you buy CCTC from your broker on the ask. Your order is processed immediately even if no shares are available. In that case, you get IOUs (adding to short volume) and your broker has two days (T+2) to locate those shares or it becomes a failure to deliver (FTD). With short volume, you're only seeing half the trade.
Monday: 8 trades; 5216 total volume; 4938 short volume (95%).
Something smells fishy.
Correct me if I'm wrong, but it appears those 8 trades were filled with 278 real CCTC shares and 4938 IOUs.
Crazy 95% short volume today! (4,938 / 5,216)
We're still waiting for Aiden's promised public update on debt restructuring
and rebuild financing "that has been underway for the last 2 months."
A little good news could squeeze CCTC to the moon; Cartman, pull those pants up!
https://cdn.finra.org/equity/regsho/daily/FORFshvol20221003.txt
Yeah, sometimes all you can do is laugh.
... in the Kiln? Ouch!
I never suggested it was a positive discovery.
Soon after the last 10K was released, I found a small, relatively insignificant discrepancy of $2,195,000 in the accrued salary for our management team: $6.6M vs $4.4M. Probably just a typo... no big deal. In any case, our boys work hard copy-and-pasting these SEC filings. If they feel the need to fudge the numbers for a little raise, who are we to quibble over an extra million here and there?
10K-2021, page 34:
NOTE 4: RELATED PARTY TRANSACTIONS
Wages and bonus payable to related parties
Accruals for salary and bonuses to officers and directors are included in accrued liabilities in the balance sheets and totaled $6,653,566 and $3,726,943 as of December 31, 2021 and 2020, respectively. As part of the separation agreement with Mr. Ponce de Leon, the Company agreed to pay him all his accrued salary within two years but agreed to pay him $200,000 by November 2015 out of revenues earned. As the Company did not earn revenue in 2015 and as of December 31, 2021 has still not earned revenue, the obligation to Mr. Ponce de Leon of $1,790,997 is currently in default and the amount includes $564,283 in accrued interest. It is the Company’s intention to pay Mr. Ponce de Leon immediately upon receiving revenue.
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
Wages and bonus payable to related parties
Accruals for salary and bonuses to officers and directors are included in accrued liabilities in the balance sheets and totaled $4,458,566 and $3,726,880 as of December 31, 2021 and 2020, respectively. As part of the separation agreement with Mr. Ponce de Leon, the Company agreed to pay him all his accrued salary within two years but agreed to pay him $200,000 by November 2015 out of revenues earned. As the Company did not earn revenue in 2015 and as at December 2021 has still not earned revenue, the obligation to Mr. Ponce de Leon of $1,790,997 is currently in default and the amount includes $564,283 in accrued interest. It is the Company’s intention to pay Mr. Ponce de Leon immediately upon receiving revenue.
5th straight day at 0.4675; the 30d high.
Not too shabby, considering the overall market has been bloody; down about 11% in the past month.
Does anyone else get the feeling CCTC is in a holding pattern until news drops?
Put on your helmet... Pending news could send us careening in either direction.
No one in their right mind would work for a company that pays in IOUs...
unless they truly believed in their company. If CCTC folds, Eves and Neary walk away with nothing but a few worthless shares and years wasted.
Thanks. I'll have to dig into that when I have time.
I suspect their toxic debt will soon be history. Ready for a countdown? 2... 1...
White Coal, good stuff as usual!
As a reminder, that occurred sometime last year, long before July's 1-for-100 RS.
Adjusted for the RS, that's only 210k shares valued at about $78k. You'll be hard pressed to find a CEO or CFO that hasn't sold shares of their company at some point. Still, not good optics, but consider that they have no income because the company is pre-revenue. Their salaries are being added to the accrued liabilities.
Wrong! CCTC owns the kiln free and clear.
Of course, you already know this.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158094459
Hmmm... Where have I seen this before?
Page 5 of this PDF.
https://cdn.thomasnet.com/ccp/00446209/235115.pdf
All I know is that things have been moving forward since the RS.
A public update will be made...
"Coal is making a comeback!"
"The price of coal is 5 times higher than normal as countries try to secure energy supply for winter."
https://markets.businessinsider.com/news/commodities/europe-energy-crisis-coals-making-a-comeback-heres-why-2022-9
Yeah, you might be right... again.
Yep, and I find it interesting that ATLAS is involved in this mysterious new coal refinery project at the Center for Carbon Capture and Conversion (CCCC) being led by Richard Horner. Coincidentally, CCTC's dusty old slab is on ATLAS property.
You might remember before the slab, there were endless delays related to replatting the Fort Union site. Lucky for us, ATLAS decided to move their fence and lease some land. Around that time, I had a twenty-minute conversation with the (now former) VP of ATLAS Carbon who spoke candidly about CCTI. Three takeaways: he was CCTI's landlord, ATLAS hoped to make use of Pristine byproducts for their activated carbon, and he seemed genuinely excited about his weekly conversations with Aiden.
That VP shall remain nameless. It's been 4 years, and he's moved on. I'm sure he's forgotten all about CCTI. Last I heard, he was running the ITC, on ECED's board of directors, and was "leading development efforts for the Advanced Carbon Products Innovation Center."
Now along comes SER's Richard Horner with some newfangled coal refinery process to produce char... something ATLAS needs in their production of activated carbon! Hmmm... I vaguely remember something about a patented coal refinery process that produces char as a byproduct.
From the CCTC 10K -- "The second-generation test facility will have the capability of producing Char. There is local Wyoming demand for this product that the company expects to sell."
But, I'm sure there's no connection at all... despite CCTI's last-gen coal beneficiation test plant being featured on CCCC's homepage along with a picture of our big blue $1.2M pyrolysis kiln that will be needed for Phase II.
Nothing to see here folks... move along. $$$