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Not to sound like Dingbatt, but the stars have aligned for RNVA.
Yep, and the CEO can gear up Jamestown a hell of a lot more efficiently than he had to do at South Fork too. Even at South Fork it only took 12 months to swing to swing to a profit. At Jamestown it should take, what, a couple of quarters? We know rural patients overwhelmingly choose medical care nearby if it is available. The difference maker, CAH ensures RNVA gets paid for those services and gets paid at higher insurance reimbursement rates. I have to pinch myself sometimes just to make sure I'm not dreaming this stuff.
Volume on the big boards looks pretty thin too today. Markets are taking a breather.
My OTC watchlist reads the same.
I wasn't suggesting you dissed them, but the Goonytunes do all day every day.
Damned right!
Outstanding. Jamestown is reopening subject to CAH approval which seems all but inevitable at this point.
A buy decision two or three years ago was not irrational at the time. OTC market conditions gave traders plenty of room to speculate on outcomes two or three years into the future. Lagan, from what I have read, made forward statements about business plans and goals, but not with the specific metrics we have increasingly seen in his forward statements (guidance) over the last four quarters. It really wasn't about trusting Lagan, but whether or not the investor thought speculating on the goals and potential outcomes was worth the risk.
Those who bought two or three years ago were victims of unforeseen OTC market conditions, not Lagan's and the company's performance, obviously. Market conditions forced way more dilution than should have been necessary. I submit as evidence the mere fact that RNVA is currently rolling into a P/E of about 1. Hello?
Fortunately, I only came along just in time to watch those CAH revenues begin blowing in, but I would never dis anyone who bought back then. We have all been there, if we have been around long enough.
Rennova turned over $2 million in profit in the first half of this year. Where have you been?
I'm gone for the day. Does anybody want to relieve me from my fact checking duty?
I dismissed my wife years ago. My daughter will inherit my RNVA profit. Well, maybe not all of it. If it comes up to as much as I'm playing for, I'll have to spend some on something I don't need, just for fun.
Hack away if you have it. I would if I did. I'm looking around the house for something to sell to load more.
It has amounted to a $2 million+ profit just in the first half of this year. If that's "never amount(ing) to anything" as you see it, that's how you see it. Bye.
4 billion, not 7, and so what.
Income recognized in 2021 and 2022. Read the whole statement instead of pulling a phrase out of context.
Well, that explains it. (???) Maybe you should see a specialist.
Dingbatt, I swear, I never understand WTF you are talking about. Is that gobbledygook you are speaking? It sure ain't Latin.
So, the hex you said is on RNVA has not been lifted yet. Thanks for that info from the twilight zone.
Imagine a retrace of that chart.
$2.74 million debt paid off in just the first half of this year. The CEO is on it.
I'm not an expert chart reader Pag, but that sure looks like we're buying the bottom of a five step walk down.
Thanks TP. I do my best.
Roughly only 6 billion shares have been traded over the last 30 days, not even close to the volume last October when most who were going to bail bailed. I figured before the volume picked up that it would take maybe 5 billion or less to take shares from weaker hands plus the other 10 billion (slightly less) to take out Sabby. As long as it keeps churning through the crap, I'm good. We springboard off of that.
When Sabby clears, a .0002 bid will come up and a cheer will erupt across the OTC exchanges.
Holding on with an iron grip my friend.
The company is turning a nice profit. Why would there be any massive dilution to come?
The more that happens the more I believe Sabby must be selling .0001s, not getting the .00014 they asked for in the prospectus. Some good info posted on this board strongly suggests Sabby is under some external pressure (including from the SEC) to sell. F Sabby.
I'm sure Sabby negotiated some dilution protection in its preferred share agreement when the CEOs back was against the wall - the bastards - but those antidilution clauses can only go so far. Sabby is taking a haircut.
Go for it TJ. I wish I could.
You are on top of it. Sabby is folding on a corporate equity position, and the street is buying that out, so it really only shifts equity from preferred shares to common shares. It's not like convertible debt where the lender doesn't have to eat any dilution. The company's proceeds on the prospectus will offset the startup costs of reopening of the Jamestown facility, so earnings from current operations will not be impaired and the company will double in size fairly painlessly and cheaply. The CAH model adds some certainty to forward earnings that some investors may still not fully recognize.
The accumulation looks pretty persistent to me. I don't know, of course, but my sense is most of the buying is driven by the earnings reports and guidance. That's good, less flipping after Sabby clears. It seems like it's mostly smart money coming in.
There may be a few impatient exits, but it's just housekeeping. Sweeping the dirt away not under the rug.
Kumbaya my lord, kumbaya...
I understand.
Speak of the devil.
Well, I did get pretty rough with one who posts here, but he is a bully, so I don't feel too bad about that.
No one thinks he is not fair or does not appreciate him. Goodtimes was just trying to help, and so was I.
Facts about the ticker performance. We can all watch that on our screens. I have never in my life bought a stock based on ticker performance. Watching the ticker performance may have helped me buy or sell at a better stock price, but it does not affect my opinions about the performance of the stock, the company, the business, the industry, or the market. They ARE different things. Saying they are all the same doesn't make it true. A belief, true or false, is not an opinion. You are confusing the two.
I get it now. I thought you guys might have been talking about some star traders from the GameStop run showing up or something like that.
I noticed some time ago that Diggity never refers to RNVA as a "company," a "business," or even just a "stock." It's "ticker," always only a "ticker." I have tried to discuss the dynamics with him, but he just isn't interested. His approach, he is entitled to it, but he would not have to fret so much if he took time to understand why a ticker does what it does. Actually, a ticker doesn't really do anything. I wish him all the best, but I really hope he appreciates what you are telling him.
These guys talk about magic money fairies, insider gifts from Santa Claus, ticker hexes, and now unicorns. Straight from the enchanted kingdom.
Got it. Thanks. I learn something every day on the board.