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Correction: I was only in on three of them. One that I was thinking of (EEGI) is not on the list.
I was in on four of these and none were comparable to RNVA in value or growth, not even close:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169030954
Not sure how soon, but that's not an unrealistic target.
I've noticed a number of small media companies have managed to stay current and afloat under the stricter OTC compliance rules. They all have low overhead.
Current. Not terrible numbers. Company doing a little self-pumping, but what else would you expect from a media company?
The Jets really were a great team though, much better than all the AFL bashers thought. Great metaphor for this board.
Johnny was not close to 100%. In those days, you were expected to play hurt.
I'm not concerned about the ticker. Valuation will ultimately rule. The current P/E ratio is only 1 to 1 roughly.
I'm not sure which was most memorable, that one or the panty hose ad.
I exchanged some replies to posts with Neb on some 000 breakouts in progress. Last I tried to find him here, he had been banned for an extended period of time.
I've got news for you. RNVA is going to break out of the 000s. I guarantee it.
Johnny U was rusty coming off an injury. Earl Morrall had carried the Colts through that season.
Get it? I'm old enough to remember it. I was a Colts fan.
Wouldn't it be nice if bears who show up asked a few questions, said "it's not for me but good luck to you," and went away?
Here is a link to some charts of 000 breakouts the source suggests I might consider for comparables. Those I am familiar with were more speculative than RNVA IMO. Of the stocks/charts listed at this link, which do you consider most comparable?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169030954
Considering the steep retracement pattern, it will be hard to set price targets that don't risk leaving you out of position. Heck of a bull ride ahead.
A partial retracement could reach pennies and dimes fairly easily factoring dilution since the split.
Some off exchange mischief has most definitely taken place since the RS. Many signs through the walk down and since. It contributed to RNVA being oversold after the RS. PRICE CORRECTION IMMINENT!
Myrtle Recovery Center patients are all in. LOL
One trader who posts on this board occasionally holds 3 billion shares. He is one of the best OTC traders on IHub.
Nothing about RNVA is remaining the same. This is a dynamic growth scenario. Isn't that obvious?
THE major announcement was the federal CAH designation at the end of 2021. It went unnoticed amidst all the bedwetting over an RS. That announcement put RNVA on my watch list. CAH service expansions are low risk because CAH provides both a market and assurance of payment for services. When the revenue surge from CAH showed up in Q2 2022, I began accumulating. RNVA quarterly filings have since shown CAH expansions carry minimal costs, and the revenue and earnings trends are off the chart. No magic PR needed here.
https://www.hrsa.gov/sites/default/files/hrsa/opa/critical-access-hospital-factsheet.pdf
2022-23 CAH model leads to RNVA profitability in just 12 months. 2023-24 profits grow while RNVA replicates the CAH model at the Jamestown facility. CAH model reaches optimum at the Big South Medical Center late 2024. 2025 or earlier acquisitions and replications elsewhere begin. Late 2025, CAH reaches optimum at the Jamestown facility. Q2 on conversions: "their effect is anti-dilutive." (p. 15) RNVA is growing into the share structure. How many major announcements will satisfy you?
The deeper you go into RNVA filings the better they look. Rapidly expanding profitability on a trend line to grow into the existing share structure. Very little convertible debt. RNVA will clean up pretty nicely and make for a clean uplisting within two or three years.
Most traders don't understand how much CAH helped "stabilize the bottom line" (CEO) and minimize the risks. If you could assign a value to the federal CAH designation as a leverageable asset like Disney does with Marvel comic book characters, the RNVA balance sheet would report out solid as a rock.
https://www.cms.gov/Outreach-and-Education/Medicare-Learning-Network-MLN/MLNProducts/downloads/CritAccessHospfctsht.pdf
I did notice one of the preferred shareholders is the CEO's own venture capital firm, probably set up for personal income tax purposes. I'm guessing that's a small portfolio too. RNVA could be the only holding. Never a bad thing when the CEO has his own skin in the game.
hmmm, didn't notice that.
They probably have a small portfolio of investments in small companies they know and like. Just guessing on that.
The description reads like a small privately-owned ("family") institutional investor. Website works on word of mouth, nothing there but a "contact us" button.
Some OTC subpennies had a hot year in 2020-2021 before the compliance rules were tightened. Market chilled since. I don't see it getting wild and wooly again anytime soon, but we should see some selective bottom fishing. No bargains left on the big boards.
I noticed some down ticks were on tiny volume. Paint jobs?
Actually, a company successfully replicating the Critical Access Hospital model would fit Buffett's style, though I doubt he often goes bottom fishing in 000 waters. Buffett's investments can seem pretty quaint to modern stock traders.
Or Buffett.
Most 000s have either gone through RSs or accumulated a lot of convertible debt. Pick your poison. Rarely does one have a P/L swing to earnings, much less with the earnings growth RNVA is reporting. Better RNVA went through the RSs, because it can grow into the share structure at this rate. I'm betting on the earnings. It's a profitable company, doesn't belong in the 000s.
Telsa became profitable just long enough to begin losing market share to Ford, GM, and foreign car manufacturers.
Musk built his personal fortune paid mostly from working capital. Must be nice.
Thanks Trader. I'll study those. I recall DPLS broke out on new revenues alone. I have to believe the market will reward actual profit sooner or later.
When did it have earnings at all?