Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thanks Jerry...
Makes good sense...
It also appears that we're nearly 2/3rd's done with original OS.
$ RNVA. I look for the O/S to be about the same as it was here except maybe a few shares for the New CFO and it will probably be put out soon as fast as they are moving on things. What alot is calling diluting is BS as its just flippers that bought at .0015 & .0017 the bottom and sold to buy lower because that is only what most know to do and until things settle down and we see the 2nd and 3rd quarter there will be alot of that IMO. The New CFO is the key to RNVA turning profits and CEO Seamus Laan knows that and why she was promoted to CFO and will get better benifits now as she is over the Solutions part which is the Key part for being Profitable and Lagan wants both Hospitals profitable by the end of October and i believe they will be and you can save this post and call me out on it if you want and i am wrong because i am betting my money that i am right.
Quote:
As a result of conversions and exercises of certain of the Company’s securities, as of June 26, 2018 the Company had 1,370,240,000 shares of common stock issued and outstanding.
Love your posts Jerry...
How close do you think we are to expiring the current OS..?
Yep...
The less than 1% of disgruntled shareholders sold and their shares were gladly picked up by stronger hands. None of the drop in share price has resulted in a trend because the amount of shares traded was still below 1%. Essentially, there is no volume to drive a trend. The great great great majority are still holding.
Yep...
RNVA=I SMELL BIG NEWS COMING NEXT WEEK.CONTRACTS.IT:S GOING TO BE HUGH. .01/.03
Right you are Jerry...
Something Big commin next week...
$ RNVA. Your Welcome and dont worry about todays trading as they bought the 2 hospitals and Dirt Cheap prices because they have the solutions for turning non-profitable hospitals into profitable ones and that is where the CFO comes into play and the one that got the Medicare & Medicaid payments in a month. They managed to pull it down today to get in and to add but we will see a Huge move back North this next week like they have not seen in the past several months and the ones selling today will be very sick because of not knowing what was owned but will learn this coming week IMO. https://investorshub.advfn.com/uimage/uploads/2018/7/5/ixotpRNVA_South_fork_hospital.jpg
https://investorshub.advfn.com/uimage/uploads/2018/7/5/zyirhRNVA_Jamestown_hospital.jpg
GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RNVA
Thanks for the clarification jerry...
Agreed..!
HIRING A CFO WAS BIG
NO COMPANY HIRES A CFO UNLESS THE BUSINESS IS GROWING BIG
2Q won't be out till around 0815 thou right..?
Do you have any idea when this will occur and RNVA will be in the clear..?
YEP... THIS IS HUGE FOR RNVA JERRY...
$ RNVA. Again it cant be any clearer about the land and it would be pretty foolish of thinking of getting buildings and other parts of a hospital and not get the land the buildings are on and all News mentions the amount of land each have.
Quote:
Scott County Hospital is classified as a Critical Access Hospital (rural), with 25 beds, a 24/7 emergency department, operating rooms and a laboratory that provides a range of ancillary diagnostic services. The purchase includes a 52,000 sq. ft. hospital building and a 6,300 sq. ft. professional building on approximately 4.3 acres.
Rennova acquired the assets out of bankruptcy for $600,000 in cash, plus the repayment of approximately $400,000 of debt secured by the foregoing land and buildings. Rennova believes it will have the hospital open in part in the second quarter of 2017 and that the hospital will be fully operational by the third quarter of 2017.
June 1st 2018
announced today that it has completed an acquisition of its second hospital by closing the previously reported Asset Purchase Agreement to acquire an eighty five bed acute care hospital, based in Jamestown, Tennessee for approximately $635,000 from Community Health Systems, Inc. Diligence, legal and other costs associated with the acquisition are estimated to be approximately $500,000 meaning the total cost of acquisition to the Company is approximately $1,100,000.
Jamestown TN Medical Center, Inc. is an 85 bed facility of approximately 90,000 square feet on over eight acres of land,
GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RNVA
Right you are Jerry...
Happy Independence Day to all the RNVA faithful...
RNVA..$ The diluting and debt restructuring is over as of the 8-K showing the O/S at 1.37 Billion on the 26th. Seamus Lagan is a smart CEO and moving fast to turn the hospitals around and he covered the debt due September 2019 by getting the 3 Million loan to cover that loan already and I honestly expect him to get at least 1 more hospital in that area before the end of the year. The ones that's been averaging down and the ones buying now should be very happy before the end of the year JMO. Enjoy the 4th https://ih.advfn.com/stock-market/USOTC/rennova-health-inc-RNVA/trades
GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$ RNVA
Hey Fat... You sure you're on the right board..?
All the predictions about a big dump today didn't happen did they..?
Dear Wrong again...
Good luck with shorting though...
Thanks Jimmy:
What is the Impact of the Amazon Acquisition of PillPack?
Posted on July 3, 2018 by Stuart Smith
The biggest market news this week was about Amazon acquiring online pharmacy PillPack in a deal that is already sending shockwaves in the sector. The move caused a real decline in the shares price for competitors like Walgreens Boots Alliance, CVS Health and Rite Aid who have seen as their front of store sales are further threatened as shoppers increasingly buy household staples online. The move by Amazon adds truth to the recent rumors and show its real intent to push further into the health-care industry.
We recently wrote about the PillPack sales talks with Walmart, which had considered buying the start-up for less than $1 billion. That news was seen as a real positive by a little-known player in the space Progressive Care Inc. (OTC QB: RXMD). At the time, the talks between PillPack and Wal Mart was a validation for the moves RXMD was making and gave clarity on how to place a true market value on the young Company. Progressive Care, Inc., through its PharmCo, LLC, is a South Florida health services organization and provider of prescription pharmaceuticals, compounded medications, provider of tele-pharmacy services, sale of anti-retroviral medications, medication therapy management (MTM), the supply of prescription medications to long term care facilities, and health practice risk management.
As they stand today, the Amazon and PillPack union is not ready to compete directly with RXMD. Progressive Care and PharmCo posses the unique ability to read and react with more fluidity on several fronts. The reality is lean and mean little startups can work in situations with a faster response time than a conglomerate like Amazon. To start with, Pillpack is not as much of a pharmacy as it is a tech company.
As a patient’s needs change, and they tend to rather quickly, Amazon and PillPack cannot respond with ease and at a price point like PharmCo. A thirty-day prepacked supply of medications can go from convenient to cumbersome if a doctor decides to change a single medication midmonth. Now the patient must open each pack and remove that single med and replace it with the new med. PharmCo is equipped to make that change send out the remaining month’s prepackaged meds with the updated medication the same day the doctor puts in the change. They also do this at no extra charge. Let’s not forget that the Amazon model calls for next day and same day delivery charges in excess of $8.00.
PharmCo, LLC is a 5-star pharmacy that makes it easier for doctors and pharmacists to work together to meet their goals. Their pharmacists are more involved in the patient’s history, so they can spot potential errors or mistakes. As doctors adopt managed care, they receive more credit for their efforts and more recognition of their own efficacy in promoting wellness. Preventative care may take a little extra effort, but it’s far more efficient than waiting until a disease is out of control. As their (RXMD) success grows, doctors find they’re able to hit their coveted bonuses without any additional effort aside from their standard course of care.
Like PillPack, Progressive Care has quietly built up an infrastructure based on sustainability in an ever-changing market. The current excellence in value added services that RXMD provides above and beyond what PillPack can offer suggests that one could make the argument that Progressive Care looks like an ideal candidate for another major player to target. RXMD achieves high marks at lower operating costs, higher per employee productivity, lower customer acquisition costs, higher ratio of revenue to market size, and local integration. Now that PillPack’s story is out there, the next place to look for innovation and success in the pharmacy and healthcare space is RXMD.
When it comes to innovation, I mentioned the tele-pharmacy services earlier. In May of 2018 Progressive Care announced that the company has started the development of its own proprietary tele-pharmacy software in order to digitally communicate with patients, physicians, pharmacists and caretakers across the world. The move comes as part of Progressive Care’s overall effort to expand its current kiosk program throughout the state of Florida. The new software will be designed with a secure interface for both providers and patients to offer a more personalized healthcare experience for both audiences. Additionally, a new design and database modeling will be integrated into the program. The company also recently announced the rollout of its online prescription management solution, as well as its decision to begin accepting Bitcoin payments from customers in February of 2018.
So as giants like Amazon enter the sector, investors should not see the moves as a threat to nimble companies like Progressive Care and PharmCo. They should add it up to see that RXMD, with its tech and market penetration as a legitimate acquisition target for a larger entity to take a long look at.
About the Author
Stuart Smith is the CEO and Founder of SmallCapVoice.com. SmallCapVoice.com. is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its clients’ financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools like stock charts, stock alerts, and Company Information Sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets. To learn more about SmallCapVoice.com and their services, please visit https://smallcapvoice.com/blog/the-small-cap-daily-small-cap-newsletter/
Wow... Is this true..?
If it does not occur by July 4th, I will be reducing the OS by the stated 1.4 billion and reduce the AS when the approval to Hexagon occurs.
Yep... The Game Changer for RXMD GOLD...
The new 3,000-square-foot pharmacy facility is located close to major highways and has adequate space to provide the opportunity to develop new processes for long-term care services, compounded medications, medication therapy management, and tele-pharmacy services. The location also allows for the accelerated ramp-up of sales in the county through the addition of 340B services to non-profit healthcare facilities, additional capacity to service long-term care institutions, and referrals from area physicians and clinics in need of patient support and medication management.
RXMD
Right you are again... Jimmy...
We are halfway through 2018 and just completed our second location acquisition, and just hired a company who is feverishly working for the SOLE GOAL of getting us prepared for UPLIST to NASDAQ in first part of 2019. Whatever forces at work will not be able to keep down an over 20 Million NET Revenue producing company with just 1 location for very long. This will touch .25 again and this will touch .50 prior to NASDAQ uplist.
Today's TouchPointRX acquisition Press Release and 6/27 Benchmark Investment Banking Firm Agreement Press Release is just confirmation of this statement below from CEO Ms. Mars at about the 46 minute mark of 1st quarter call, who is great by the way!
"I want to talk about the future, what our mission is. Why are we growing Pharmco, why are we growing Progressive Care. Because we are a health services company, because we believe we are needed. We are attempting to fill all gaps in a patient's healthcare. That is why we are here, that is why we are growing. TouchPointRX is just the first step in our expansion, we want to go as far as our will take us. Doing over 20 million in South Florida. We are leading the thought on how healthcare should be. We will grow through acquisitions, and will become a leader in the healthcare space. I understand pessimism, I understand skeptism. But for anybody that doesn't believe you need to get out of our way, because bigger things have tried to take down Progressive Care. Nothing will stop us from becoming what we are destined to be. Nothing will stop us from becoming SEC reporting, nothing will stop us from uplisting to a higher National Exchange. Today is the beginning, and we are on the cusp of more. It doesn't matter what share price is today, the only thing is it won't be there much longer. We will make any investor proud!"
Absolutely correct as usual Bids...
Our day will come...
Q2 around July 15th..?
Right you are Piano...
My guess will close at or round hod...
Then tomorrow another green wave for RXMD...
Well without something from the company this is getting hard to take...
Yep... This is the RXMD I know...
Back to close the gap at .20
Count on it..!
Is there a trading pattern with PED..?
Opens at high first hour then closes at low by eod..?
Agreed Carol... Thank you..!
If I were Walgreen management, I would sure be looking at RXMD who offers the same service as Amazons Pill Pack company. Pill Pack is a small company like RXMD both having great success in servicing customers. Walgreen is open to buy outs according to a recent article. Walgreen might want to get their head out of the sand fast.
You always bring common sense to understanding how RNVA will move in the coming days and months. Thank you Bids..!
You are the best my friend...
The Best is yet to Be with RXMD...
Meant in the Black as in profitable...
This company operating in the black yes..?
Ageed... This will turn around by eod...
RXMD sets itself apart from other brick and mortar and Online pharmacies by offering a liaison service between patients and doctors. Yes, Amazon has the pill packing and delivery service down but there are others areas of the pharmaceutical service industry that RXMD can capitalize on. People need to relax and see where things go
14M to go RNVA..?
OS... AS... What..?
Mind-blowing...
My guess is that changes today with a green wave for RNVA...
Let's fill that gap at .015...
On your marks... Get set... GO RNVA..!
MAJOR RUN TO .015 TODAY!!!!
Yeppers..
Zacks: Helios and Matheson Analytics Inc (HMNY) Given Consensus Recommendation of “Strong Buy” by Analysts
Posted by ABMN Staff on Jun 25th, 2018 // No Comments
Strong Buy Rating - Price target of $12.
https://www.americanbankingnews.com/2018/06/25/zacks-helios-and-matheson-analytics-inc-hmny-given-consensus-recommendation-of-strong-buy-by-analysts.html
Helios and Matheson Analytics logoShares of Helios and Matheson Analytics Inc (NASDAQ:HMNY) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus target price of $12.00 for the company, according to Zacks. Zacks has also given Helios and Matheson Analytics an industry rank of 93 out of 255 based on the ratings given to related companies.
Get Helios and Matheson Analytics alerts:
Enter Your Email Address
Several equities analysts recently commented on HMNY shares. Maxim Group dropped their price target on shares of Helios and Matheson Analytics from $25.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Canaccord Genuity dropped their price target on shares of Helios and Matheson Analytics from $15.00 to $12.00 and set a “sell” rating for the company in a research report on Tuesday, April 24th.
Hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in Helios and Matheson Analytics during the fourth quarter worth approximately $155,000. J. Goldman & Co LP acquired a new stake in shares of Helios and Matheson Analytics in the fourth quarter worth $460,000. CVI Holdings LLC acquired a new stake in shares of Helios and Matheson Analytics in the first quarter worth $3,361,000. Millennium Management LLC acquired a new stake in shares of Helios and Matheson Analytics in the fourth quarter worth $989,000. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of Helios and Matheson Analytics in the fourth quarter worth $674,000. 8.08% of the stock is owned by hedge funds and other institutional investors.
Shares of Helios and Matheson Analytics traded down $0.02, reaching $0.29, during trading on Monday, MarketBeat reports. The stock had a trading volume of 17,458,041 shares, compared to its average volume of 12,035,499. The company has a debt-to-equity ratio of -0.23, a current ratio of 0.39 and a quick ratio of 0.39. Helios and Matheson Analytics has a fifty-two week low of $0.28 and a fifty-two week high of $38.86.
Helios and Matheson Analytics (NASDAQ:HMNY) last posted its quarterly earnings data on Wednesday, May 16th. The information technology services provider reported ($1.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.08) by $1.85. The business had revenue of $49.44 million during the quarter. Helios and Matheson Analytics had a negative net margin of 229.45% and a negative return on equity of 2,850.78%.
About Helios and Matheson Analytics
Helios and Matheson Analytics Inc provides a range of information technology (IT) solutions to Fortune 1000 companies and other organizations in the United States. The company's services include application value management, application development, integration, independent validation, infrastructure, information management, and analytics services.
Following you too my friend...
The Best is yet to Be for HMNY...
Awesome Post my friend... $1+ coming soon...
HMNY: MOVIEPASS ADDS NEW FEATURES, AMP UP
This could be very Big for RNVA...
Prisoner Healthcare
Jamestown Regional Medical Center entered an agreement with Fentress County to provide healthcare to Fentress County prisoners at an 80% discount on May 21, 2018. The board of county commissioners thanked Lynette Pritchett for negotiating this deal, as it would save the county a lot of money.
Sounds like it could be good for relations with the county as long as they don't have a lot of sick prisoners. Lynette Pritchett has been the CEO of the hospital in Jamestown for quite some time. She's a hometown girl, and I'm guessing RNVA is going to keep her on like they did with the CEO of the Oneida hospital, Tony Taylor. I can't imagine Mrs Pritchett could have been authorized to negotiate that agreement were her employment not ongoing.
You can guess their logic on these choices. By keeping hometown administrators, they garner legitimacy within the community instead of being total outsiders taking over. If you know rural communities, you know they can be especially wary of outsiders. There are other benefits I can think of as well. I only hope that by keeping them they can still be flexible enough to do things differently so as to be cash positive.
Awesome Post my friend...
It's all a poker play in a way. The flippers who think RNVA should fold believe the CEO is bluffing with a weak pair of deuces. The longs think Seamus and thus we, as longs, have a good hand.
Why would anyone want to buy a small rural hospital that's been closed twice or an operational rural hospital that's operating at a million dollar plus loss? I can think of four big reasons. First, they can be gained cheaply. Secondly, and most importantly, they think they can run them at a profit whereas their predecessors could not. Otherwise why do it? That's what it all hinges on. Thirdly, if they can do it with these two hospitals, they can learn, repeat and improve the business model with new acquisitions. That was hinted at with Lagan's "sky is the limit" comment in his most recent interview. Lastly, I think this is their last, all in, play (gotta keep the poker references going). If they can't pull this off they lose the pot.
So how does a declining company aquire these hospitals? Sell your soul by utilizing the last means available: finance them via what are effectively corporate loan sharks. While the sharks may not send Crazy Jimmy to break your legs for payment, they will dilute your stock. But the company is surviving this to stay in the game and get the chance to implement their business plan.
Also like poker, the CEO doesn't really show his whole hand. He never really details how he plans to turn these hospitals around. He hints a lot and talks vaguely about synergies. I do wish he were more forthcoming in this regard and really spelled it out. However, if you scour the details of the company's filings and PRs, you can make some very educated guesses as to how that can happen.
For instance, the one functioning lab they've consolidated down to (which is in itself a cost cutting measure) was just this year accredited for a much larger array of diagnostics. This means most of the hospital's lab work can be done in house (though not literally as they would have to send the samples for testing to their Riviera Beach lab). Big cost savings there. Here are some quotes from the Jan 17th release that are so soon forgotten.
" its flagship Laboratory, EPIC Reference Labs, Inc. (EPIC) has successfully met the Laboratory Accreditation Program Standards for Accreditation from the College of American Pathologists (CAP)....
...the laboratory has secured a number of in-network contracts with payers over the past two years and has 13 contracts in place with various payers including a national contract with United Healthcare. It also is registered with Medicaid in 26 states."
Another synergy is if they can implement their own proprietary electronic health records software and revenue cycle management services. Part of their previous business model was hocking those very same services to hospitals and medical practices (unsuccessfully, true). The point of those services is to reduce costs through efficiencies and to enhance payment collections. Hospitals pay a lot for these specialized data management systems on an ongoing basis and RNVA already supposedly has it.
I would even guess that these two RNVA products (testing labs and records software), and their failure to sell widely in a large healthcare market with entrenched big players, is what hatched this plan to buy their own dang hospitals in the first place. It's efficiency via vertical integration and the opportunity to utilize the products and services they've already built through no small effort or cost.
As for all this being a big bluff, I just can't see it. If it is, it's elaborate on a Bernie Madoff scale with much less to gain from it. It's not like RNVA is some startup selling a pie in the sky innovative new idea for a product they say will disrupt entire markets, or a drug that may be FDA approved if they can only get a handle on the side effect of patients spontaneously combusting.
It's a business that provides needed products and services. It is no small task just to run a multi physician practice, not to mention a hospital. They're in their ninth month of treating patients at the Oneida hospital. Jamestown is in operation. The doors are open, the lights are on, and they're both staffed with medical professionals and support staff. The licensing and certifications of these facilities are in compliance. You can't bluff all that.
There are some very knowledgeable people commenting on share structure, dilution, debt and the machinations of the OTC market. Like any social media platform/board most of what's posted here is annoying chatter. But some of it is very informative, entertaining and even friendly on both sides. That I both appreciate and enjoy.
Do I think this hand is a royal flush? Nope! If it were a guaranteed winner I'd sink all my money into it and that's just silly. I don't think it's even a straight. I do however think we may have a full house and that's a hand worth betting on. I'd like to see that river card, but until then I think I'll raise by adding some more. Don't bet your kid's lunch money on it. As for me, I will try to learn from what might be a bad beat, or celebrate what I hope is winning hand.
Good luck to all.
Now back to my thimble collection.
Yep... Got it right Ben...
The true value is NOT reflected in the share price. Undervalued securities do not come up in days or weeks. It takes a few months sometimes. These can be life changing stocks when you find the right ones. And you gotta take a chance down here because if you don’t you’ll miss the opportunity. This has a better chance at getting back over .03 then going the distance any other trade down here due to how the smoke and mirrors had come into play. We move up very soon as I suspect they are close to done. In the meantimean time I’ll keep picking away. Scared money makes no money and some just need to learn how to trade instead of posting emotional nonsense.
You see... Everybody pretends like they know what they are looking at when they see these 10q and 10k’s And I can gaurentee maybe 5 people here can actually decipher it. Everybody else just copies and pastes “choice” information. You know like liabilities and debts and never posts anything important about the company on bad stuff.
Let’s fire up the smoke machine and put up the mirrors so everybody starts freaking out! All while the big boys are collecting.
Weeeeeeeeeeeeee
On January 13, 2017, the Company completed an asset purchase agreement to acquire certain assets related to Scott County Community Hospital, based in Oneida, Tennessee (the “Hospital Assets”). The Hospital Assets include a 52,000 square foot hospital building and 6,300 square foot professional building on approximately 4.3 acres. Scott County Community Hospital, which has since been renamed as Big South Fork Medical Center, is classified as a Critical Access Hospital (rural). The Company acquired the Hospital Assets out of bankruptcy for a purchase price of $1.0 million, and the purchase price has been recorded as property and equipment in the Company’s condensed consolidated balance sheet. The Company opened the hospital on August 8, 2017.
Agreed...
June is going to be good. July is going to excellent, and August is going to be Awesome... It's happening and these cheapies will be gone here shortly now...
Agreed Serb...
Gonna be a mighty green week for RXMD...
I strongly recommend that small investors purchase as many shares of Progressive Care as you can afford, it does not get much better than this! Leading analysts forecast that the share price will likely rise over 1000% within the next 12 months as it's phenomenal success gets discovered and big Wall Street institutional funds continue buying up shares. That's without factoring in any buyout by a major player like Amazon or Walmart! If Progressive Care gets acquired which is very likely, investors who are purchasing shares at the current bargain basement price will reap a huge windfall. Sources indicate that Progressive Care is in the cross hairs of multiple larger players including Walgreens, CVS, Rite-Aid, Walmart and Amazon who are seeking to acquire the incredibly successful, efficient and established healthcare business model that Progressive Care offers.