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Looks like another 10M shares vol today...Better than nothing I guess..lol It all adds up. The K or the Q1...what comes first? Quiet period? hm.
imho
mj
And in the last 65 days our avg daily volume is around 50m shares per day.
Imho
Mj
Should be interesting with these fins hitting back to back reporting some of the best numbers this company has likely ever seen. Can't wait to see Billions traded on this one. It won't be just all hype like most pink otcs...there will likely be numbers to support a real move when it happens. It may or may not happen on these releases...but if there is continuation of the turn around in progress...then its just a matter of time. Profits have a funny way of dealing with overhead debt etc... Tick.....tick...
imho
mj
Wacky Weds...Looks like more shares being absorbed...Anyone here accumulating? The company? A suitor been loading them on the cheap? So many possibilities here....Hmmm...
imho
mj
Yes Rennova had $220k cash availabe at the drop of a hat. How many pink otc's have that luxury?!? ...LoL I"ll wait!. And interest was minimal :)
"He said Renova paid some $220,000 that he had spent to buy it and owed minimal interest, given the property only changed hands for a few days."
https://newstalk941.com/renova-healthcare-owns-former-medical-center-again/
Dig it!
imho
mj
In the past they would do a podcast or whatever in FEB and give a rough look as to how the previous yr went well before the numbers were filed. Now they have gone from that to filing over a month late. It could be their delay, it could be the SEC...who knows. Or they could actually be in discussions on a major transaction that requires a quiet period. That is almost what it feels like. Even if they don't PR often. It seems everything they have ever done in the past was 8k'd etc. We know they lost control of Jamestown and regained it. I'm surprised those events were not at least 8k'd. It's not the greatest look for them...but does show they have cash which leads me to believe the past filings of 2023 were at least close to accurate. I am in hopes there wasn't some funny accounting going on and that is what the hold up is. If they are now truly profitable there could actually be some kind of M/A negiations going on. Yes they are carrying debt and have some other issues...but a profitable company in this industry seems pretty valuable and maybe someone is considering making a move on it before numbers are announced and the price potentially goes higher? In time the profits from current operations would eventually take care of the legacy issues...so maybe a merger or acquisition isn't out of the question. Because to me this kinda feels like a quiet period. In the past interviews Seamus mentioned they were looking at growth by acquisition.
Who knows what is going on. We are now roughly 7days out from Q1 numbers which very well could be another one of the best Q's this company has seen in years following Q4 which likely was the same. It just feels strange to me because this company has been filing fins for yrs...and 8k'ing or pr'ing every event...but now silience with an operating hospital we know is there and open for business and access to $220k when they need it. What's the scoop here?!?
imho
mj
Morning all. Is this 10k Wednesday?!? Bring on the new reading material. One this is for sure. Rennova had $220K available at the drop of a hat. Piggy bank seems to be plentiful. Just $1M could extinguish 10B shares from the float...or OS if they chose to do so.
imho
mj
Thx for pointing that out. Correct the asset once again belongs to RNVA so no one else can sell it but them. Awesome! Thx again.
imho
mj
Yes per Fentress County RNVA Assesor did lose control of Jamestown and the new owner had no ties to the medical field. And yes RNVA had $220k at the ready to clean up the mess and regain control of the asset.
Description
The primary function of the Fentress County Register of Deeds is to make and preserve a record of instrument required or allowed by law to be filed or recorded, including but not limited to deeds, powers of attorney, mortgages, liens, contracts, plats, leases, judgements, wills, court orders, military discharges, papers under the Uniform Commercial Code, and other types of instruments. The records provide public notice of property ownership, liens and contracts, and other transactions that affect the public interest. These records and papers must remain in the Register’s office at all times.
Fentress County Register of Deeds office is open Monday through Friday from 8 AM until 4 PM.
Address
101 Main St South
PO BOX 341
Jamestown, TN 38556
Phone
931-879-7818
Fax
931-879-4502
Sometimes it just takes a phone call. Bring on the 10K!
https://fentresscountytn.gov/register-of-deeds/
imho
mj
Yeah looks like they just diluted etc in the past for survival...glad that is being noticed. Interesting that they had $220k ready on call...not many Pink OTC's have that luxury. Lets see this 10k. And very likely Q1 fins are already better than anything we will see in the K :)
imho
mj
How many Pink OTC's can reach into the kitty for $220k when they need it...?!?
imho
mj
Scott County’s 25-bed hospital facility is the backbone of health care in the local community. Operated by Rennova Health Services, Big South Fork Medical Center provides a comprehensive range of health care services, including:
• Surgical
• Acute
• Intensive care
• Diagnostic imaging
• Cardiology
• Rehabilitation
The hospital has a 24-hour emergency department with around-the-clock physician staffing and a fast-track service for worker’s compensation injuries.
https://scottcounty.com/healthcare/hospital/
imho
mj
Looks like roughly 3.2Billion shares traded in the past 65 days with the greater majority going at .0001. Who is buying all these shares? Look at the volume since last August. I would like to know what the available float actually is that is not be held by insiders and longs?? Maybe this thing is grossly over shorted on the back side?
https://www.wsj.com/market-data/quotes/RNVA/historical-prices
Could they be in a quiet period? Or were they just late in gathering all the info for a $20M audit ?
We shall see.
imho
mj
The fact that they had immediate access to $220K+ on call gives a lot of confidence that they are either in some kind of quiet period for one reason or another...or that its just maybe they got a late jump on the audit etc...? But its clear they have access to cash. :)
I would imagine if anything is in negotiations they wouldn't release anything that could potentially change the price 10k or otherwise. So it could even be a potentially intentional delay ?
Time will tell.
imho
mj
This one isn't directly FFLYA related...but interesting for BlueTooth in general.
Hubble Network makes Bluetooth connection with a satellite for the first time
Aria Alamalhodaei@breadfrom / 4:00 PM EDT•May 2, 2024
Comment
Global satellite communications. Conceptual representation of a global network of communications satellites, such as the Starlink satellites.
Image Credits: Getty Images
Hubble Network has become the first company in history to establish a Bluetooth connection directly to a satellite — a critical technology validation for the company, potentially opening the door to connecting millions more devices anywhere in the world.
The Seattle-based startup launched its first two satellites to orbit on SpaceX’s Transporter-10 rideshare mission in March; since that time, the company confirmed that it has received signals from the onboard 3.5mm Bluetooth chips from over 600 kilometers away.
The sky is truly the limit for space-enabled Bluetooth devices: The startup says its technology can be used in markets including logistics, cattle tracking, smart collars for pets, GPS watches for kids, car inventory, construction sites and soil temperature monitoring. Haro said the low-hanging fruit is those industries that are desperate for network coverage even once per day, like remote asset monitoring for the oil and gas industry. As the constellation scales, Hubble will turn its attention to sectors that may need more frequent updates, like soil monitoring, to continuous coverage use cases like fall monitoring for the elderly.
Once it’s up and running, a customer would simply need to integrate their devices’ chipsets with a piece of firmware to enable connection to Hubble’s network.
Hubble was founded in 2021 by Life360 co-founder Alex Haro, Iotera founder Ben Wild (who sold his startup to Ring) and aerospace engineer John Kim. Haro said the first time Wild presented the idea of connecting a Bluetooth chip to a satellite, his initial reaction was, “No freaking way.” And it does sound crazy, especially as consumer electronics can struggle to connect to other Bluetooth-enabled devices that are just a few feet away.
But the demand is there: Existing IoT devices are power hungry, costly to operate and lack global connectivity, the company says. These are fundamental limitations related to Bluetooth-enabled devices today, and they prevent many industries from leveraging IoT for their businesses.
The company joined Y Combinator’s Winter 2022 cohort and closed a $20 million Series A last March. Hubble’s first innovation was to develop software enabling off-the-shelf Bluetooth chips to communicate over very long ranges with low power.
On the space side, the company also patented a phased array antenna that can launch on a small satellite. The antennas work almost like a magnifying glass, and it’s what enables an off-the-shelf Bluetooth chip to communicate with the Hubble satellite. The team also had to solve Doppler-related problems, frequency mismatches that occur between fast-moving objects exchanging data via radio waves.
One of Hubble’s satellites in a terrestrial test chamber. Image Credits: Hubble Network
Hubble is aiming to launch a third satellite on SpaceX’s Transporter-11 mission this summer and a fourth on Transporter-13. Those four satellites will compose what Haro called the “beta constellation,” and pilot customers are starting to turn their integrations on even today, he said. The startup plans to launch the following 32 satellites all at once in the fourth quarter of 2025 or the beginning of 2026, though the launch provider has not been selected yet.
Those 36 satellites will compose Hubble’s first “production constellation,” and they’ll enable connection with a Hubble satellite roughly two-three hours per day from anywhere in the world.
https://techcrunch.com/2024/05/02/hubble-network-connects-a-bluetooth-chip-to-a-satellite-for-the-first-time/
Good Morning all! Is this 10K Tuesday?!?
imho
mj
Good afternoon all...Shooting for a billy in volume today?
imho
mj
Do we get new reading material this week?
Q1 fast approaching.
Imho
HAPPY RNVA weekend to all!!! Jamestown Asset still in some kind of play. 10K drop next week?
Imho
$RNVA Tap tap tap on the ask... CAH = EPS !?!...
imho
mj
$RNVA Another day closer to updates!!! Whales seem to be tapping a bit today.
imho
mj
Good afternoon !! Some nice buying today :) Lets's take that volume to an even Billion and see what happens. 10K after hours for a nice weekend of reading material?
imho
mj
Imagine he's likely already known the rough Q1 results for month. In the past they would talk about Q1 in Feb on podcasts...LoL Boy they are playing this thing close to the chest...WHAT IS UP HERE??!!??
imho
mj
Back in possession...woops. Bring on the 10k!
My one and only reply to you.
Enjoy your day at the office unless you all work from home these days.
imho
mj
Renova Health Owns Former Medical Center Again
Posted by: Danny Webb Thursday, May 2, 2024
The Jamestown Regional Medical Center is back in the hands of Renova Healthcare after only a few days of new ownership.
The county sold the hospital to Lester C. Clark at a delinquent tax sale on April 19. That after Renova failed to pay taxes for three years.
Upon the sale of the property, Renova was given one year to redeem the property by paying the delinquent taxes, plus interest. Clark said Renova returned to the Fentress County Clerk’s Office to claim the former medical center.
Clark said he believed the property would be redeemed all along and had no real plans for the future of the facility, but gaining control of the land was worth taking the chance.
He said Renova paid some $220,000 that he had spent to buy it and owed minimal interest, given the property only changed hands for a few days.
https://newstalk941.com/renova-healthcare-owns-former-medical-center-again/
imho
mj
Not directed at Scottish...BUT For all the naysayers out there...Don't get comfy just yet...JAMESTOWN is back in play ;)
As I mentioned the other day if they were infact profitable and they wanted to keep the building then $200k wouldn't be an issue to come up with. :)
And $200k of back taxes....gone!
https://newstalk941.com/renova-healthcare-owns-former-medical-center-again/
BRING ON THE FILINGS...10k Q1...Let's see what we got....
imho
mj
I'd imagine we find out soon enough.
imho
mj
I am not saying there is or isn't...but IF something was being worked on I would imagine the release of these financials along with Q1 could potentially skew any price terms negotiated if the price were to move. Maybe there is an intentional holdup on the release? Profitable companies in this space seem to be valuable. A bigger fish could get involved and solve these legacy issues much quicker whether merger or acquisition.
I guess time will tell...nothing to do but wait.
imho
mj
Q4, Year end 2023, Q1 Should show some of the best results in the history of this former Nasdaq company. Could this be the perfect storm that finally lifts this ticker off of no bid for good? Q1 results now inside of 15 Calendar days. tick tick!
imho
mj
Morning all. I think the revs for Q4 and year end overloaded the abacus. Pull it together and Bring the noise.
Imho
Who might that be?
Come again?
I don't believe property tax has anything to do with income etc. https://comptroller.tn.gov/office-functions/pa/property-taxes/how-to-figure-your-tax-bill.html
imho
mj
It was only $122k for one year...I'm guessing with the 2nd it would double that + more fees maybe? I don't know I"m guessing $250k max total. ? They have that kind of money right now if they wanted to secure that asset they could have. Now I guess its off the books and if they want it back they can get it back in a year when profits should be looking even better?
$122k for 2022...not sure about 2021...I tacked a few extra $'s on for fees on that one being later.
15:30 mark.
https://www.facebook.com/watch/live/?ref=watch_permalink&v=1126576455322878
imho
mj
This one sounds pretty good as well...Being profitable in this industry will likely shoot up some flares that someone will eventually notice. And as far as that goes we are looking pretty good there for 2024.
nfrequent
Re: ADVFN_curncman post# 162262
Friday, January 12, 2024 10:56:39 AM
Post#
162267
of 168735
I just went through a complete list of Nasdaq listed hospitasl. Few have earnings, just losses. RNVA is outperforming all except maybe one comparable PNTG trading at a P/E of 37/1. By comparison, $4 million earnings (py) on 40 billion shares equals a P/E of 1/1. At a 37/1 P/E like PNTG, $4 million in earnings equal a PPS of .0037. Duh.
imho
mj
There has been talk in that ball park around here for a while it appears...
nfrequent
Re: MDA post# 162466
Tuesday, January 16, 2024 11:43:20 AM
Post#
162469
of 168734
RNVA, already profitable, is a sweet merger target for a company greater economies of scale (HCA for example).
imho
mj
Sounds like a Lester Clark took over the Jamestown location if that name means anything to anyone.
imho
mj
Seamus said he believed they could reach a $25-$30 run rate by the end of 2023...meaning you might see those numbers in 2024...but not 2023. However if they do increase revs in 2024 to those numbers with all of the cost savings from restructures etc... that bottom line could be a nice surprise for 2024. We will get a glimpse of that in the Q1 filing to see where they stand there.
imho
mj
Doesn't Diamantis already own more than half of this thing? Maybe he's looking to buy the rest and take it private? With the past restructurings and Insider trading rules utilized etc... If they were to put out the 10k followed by the Q1 the price could move up a good few ticks skewing any potential deal that has been worked on? There is still a good deal of debt..so I don't know if that would be the case or not. But who knows. As long as the company stays mute anything is plausible with their revenue and profit trajectory. I believe Nfrequent mentioned in the past that the CAH could be listed as an asset but hasn't been...if I remember correctly?
Again I'll take .0025 right now. With the debt etc...I wouldn't think the .25 range would be in the cards just yet as was mentioned a few minutes ago by someone...but I would gladly take that too haha...
imho
mj
Yeah one would think the building would be worth more...unless its become very run down as its just sat or maybe there is a buyer and they don't want it? Maybe they couldn't get CAH due to the University building being right down the street? Other than that I don't know. Here it sounds like one year of those taxes was just 122,000 for just 2022. VID from April 15th 15:30 mark https://www.facebook.com/watch/live/?ref=watch_permalink&v=1126576455322878
Going back to your comment about it being worth more..that is why it feels like something is up here with this move..could it be an acquisition one way or the other...who knows. But it does seem the building would be worth more. That is why I thought maybe Diamantis swooped in to get it off the books for whatever is going on ..even if it is just to clean things up and remove that $250k off the books for both years. And then Rennova can relclaim the building within a year when they are on a little be better footing. Who knows..lol But they have been good about filing 8k's with everything..so maybe we get one soon explaining?
But it sounds like $122k for 2022 and then likely double for both years? $244k
imho
mj