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Triggers on the big guns at the ready. We will hear a big bang at any moment.
How about news of some billion share buys?
Earnings and valuation too good for that. The market is on this. CAH may be the only value the some of the market is still overlooking. There are private goods and services that investors always consider, and there is an enormous reimbursable public good too many business schools and economics departments fail to teach their students. If you understand that part of the microeconomics, you buy RNVA like it's candy and you own the candy store.
https://www.hrsa.gov/sites/default/files/hrsa/opa/critical-access-hospital-factsheet.pdf
You can't find more certainty in forward earnings than this (OTC or big board): https://www.hrsa.gov/sites/default/files/hrsa/opa/critical-access-hospital-factsheet.pdf
Here's the deal. Since the Q2 report, the market has churned through a volume about equal to the float. Some deep DD by Downdraft on RNVA governance discussed early this weekend on this board, shows the CEO with the "irrevocable" support of the 1st position corporate equity holder has controlling interest. Those two have exercised their corporate power and the leverage given them by new insider trading rules to usher Sabby out the door ingloriously. It has now come time for the market to do its part, meaning maybe 10 billion more to buy at up to .00014. Then the ticker will show a .0002 bid.
The other way around.
RNVA's books scrub remarkably well, not like a typical pink, more like NASDAQ except for the market cap and price. It doesn't belong in the 000s that's for sure. Pennies are reasonable NOW, or very soon at least.
Damage from collapses in the so-called dark pool would be fairly well-contained, I think. There are some known macroeconomic unknowns. It's the unknown unknowns that cause crashes. There are always a very few voices crying in the wilderness about something like those credit default swaps on mortgage-backed securities (bundles), but they are only recognized after the fact. There may be some paper going bad now in this housing "financialization" trend. It has artificially reduced the housing supply for home buyers. Now interest rates have drawn back demand, and the game has changed for the five or six firms that control that relatively new industry. If they had to start selling properties all at once, they're screwed, and it will take a few years to unravel the titles from the commercial paper before homebuyers can take full advantage. That would be one to root for if not for whatever fallout would hit broader markets.
I suppose the house of cards could come crashing down and a whole lot of shorts won't be able to cover and won't be able to recover their short investments because the money isn't there.
I admit I don't know much about off exchange "dark pool" short selling, except that it's not regulated like other short-selling. People are allowed to take risks that can eventually break the bank. I assume all that has to get laid off against the open market eventually, but maybe Varmit can clarify. I would ask JMoney, but he will only repost the same stuff I don't fully understand.
Apparently because some are still blindly betting on the past pattern, another RS and a plunge. It has been worked for them across the OTC exchanges for last two or three years.
That's what I'm saying. That many would have to cycle through the float over and over until the short covering is complete.
Varmit, with some of the numbers you and JMoney have posted on shorts not covered over an extended period of time, are you expecting an extended short squeeze? I've seen them propel a stock price over a few days, but it sounds like they will be covering for maybe weeks or even months. Could that be?
And there is the textbook batshit crazy price scenario which adds in some old-fashioned bull market "over exuberance" and some GameStop billionaires. Then let's talk a dollar.
Damned, Dingbatt, did you land on planet earth today? That's the first thing you have said that makes sense to me. Gave that one a like.
It is perfectly reasonable to expect RNVA will go to pennies on earnings growth from current operations and the Jamestown reopening before earnings, dimes on realization of earnings at Jamestown. That's a value-based, nonspeculative stock price scenario. Throw in a short squeeze and some health speculation and we get to dimes much quicker.
That would be awesome, but it is either from a bad source or bad math. I wish he would quit posting that for credibility's sake because a 1000%-3000% current undervaluation is already indicated by the actual (accurate) EPS at a more reasonable PE of 10-30. At this growth rate, big board stocks can trade at a PE of 60 to as high as 120 on speculation.
$1.63 million earnings/29.93 billion shares=.000055 EPS or a PE of 1.55.
Current estimate before Sabby prospectus execution: $3 million earnings/30 billion shares=.0001 EPS or a PE of 1 at a price of .0001.
By year end estimate after Sabby prospectus execution: $4 million earnings/40 billion shares=.0001 EPS or a PE of __ at a price of ____.
Killer whales no less. A Sabby is the killer whale's favorite prey.
It's almost as if the author has been following this board. Wouldn't surprise me. The economics of rural hospitals in East Tennessee would certainly be on his beat.
I'm not sure I fully agree with all of this, except for the final paragraph which is spot on and very relevant to RNVA: https://www.timesfreepress.com/news/2023/sep/16/value-investing-out-of-favor-or-out-of-time/
I'm sure they can't reveal much until it goes online, which marks a date at which they can protect it as intellectual property. A secure way for physicians to convey private medical records efficiently seems one need it could fulfill. (quite possibly Medical Records Act related) I imagine physicians would also like to be able to discuss the latest medical science free from trolls who don't understand science, much less medical science. Interesting possibilities. They are already marketing direct patient appointment booking (a growing industry serving mental health professionals particularly) and that sort of thing. We'll see.
That patent alone will add asset value to INQR, and RNVA ultimately given its strong equity position. Interesting platform. Interesting synergy with RNVA.
Many wonderful options for profitable companies. You must have never owned stock in a profitable company. Try it some time. It might just work out for you, for a change.
Good work Varmit. They never, and I mean never, know what they are talking about.
Jay, you keep saying that as the balance sheet is improving, debt is being paid off, and the share structure is being cleaned up at a rapid clip. I know you have done some DD, unlike the other boo birds, but you just don't know valuation. Some time ago, I did business plans for clients of a business brokerage. At a P/E of 1 on a trend like this, the better buyers on that brokerage's client list would eat RNVA's balance sheet any day for lunch. That's why the volume buying since the Q2 report. The smart money is from buyers who have read the filings, understand them, and are accumulating until the Sabby shares are bought out. That's what's going on whether you believe it or not.
Thanks TJ. Any time you spot a flaw in my thinking, please let me know. Here is a more complete version of the same thought: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172834772
Downdraft, I really appreciate your deep dive. How the word "irrevocable" got by me I don't know, but that is reassuring. A bad faith actor just doesn't do that. It shows Diamantis has complete confidence in the CEO and gives the CEO control that by now would have likely been undermined, if not stripped away, by a predatory investment house. Diamantis appears to be the textbook "angel investor" in RNVA.
Add the new insider trading rules to that, and it is easy to see how the CEO had ALL the leverage to negotiate the Sabby prospectus. Imagine a more typical scenario under the old rules. The CEO doesn't get to make that deal, so the Jamestown reopening becomes less feasible and more dilutive. The near-term outlook is diminished, and yes, investors really would have to weigh the possibility of a RS in their risk calculus in spite of good earnings at South Fork (which would not be as good as they are now or will be in the near future due to much worse fundamentals).
I could go on about how Sabby would have gamed the stock price, making matters even worse. But OTC traders have seen that play out over and over again with other stocks before the new rules. I think the market is catching on now.
I meant to just peek in but had to join in just to say too bad you can't take over with common shares. Looks like you'll have to cut a deal with Diamantis or Lagan. lol When I read they had controlling interest it didn't strike me as anything to be particularly concerned about. As long as Diamantis is a good faith actor, it might be a good thing that they have control, meaning a strong hand in whatever housekeeping has to be done (and is in fact being done as we speak).
Signals flashing and alerts going off all over.
Oh yeah, big weak ahead. Everybody have a great weekend.
Rainy days make flowers bloom.
Monday really could be big. The market has just been sizing the situation up so far, drawing out all the weak handed shares it can before the big foot comes down on Sabby. It has come to a point where those who are going to move this thing are going to decide there has been enough child's play and just get it over with. The market is firmly bullish on RNVA now. The numbers are just too good to dick around much longer. I'm sensing we'll see several billion shares of daily volume next week. You never know, but it sure feels like that anyway.
Good work, but they'll just say you can't believe your own eyes, photoshop, AI, anything that comes to their tiny minds.
Prove it, Psycho.
Goony wears a bedpan as a hat. Probably wearing one now.
It sure doesn't hurt. It had to sustain some good volume before anything can happen to the ticker.
RNVA volume alerts going off across many traders' screens. That's one.
No, but he'll take over the company if he keeps this up.
Damned, TJ, I thought you already had. While you're at it, can you loan us some of that cash? We want more shares too.
Not to sound like Dingbatt, but the stars have aligned for RNVA.