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I say opens at 0.015 then moves depending on news on the meeting. On a positive meeting outcome the range will tip top at 0.0275ish. Negative outcome it easily closes at 0.01 or lower.
I think you are correct.
My guess is if they tell you, it will be before market or after market hours tomorrow.
This occurred to me but its a very speculative play to get in at .02 support just to see it plummet when the announcement does not come. I do wish this had tripped the SAR already because at least then there would be a nice size retracement potential.
Bankruptcy? ;)
SEC 10K link.
We have accumulated significant losses and have negative cash flows from operations, and at December 31, 2017, we had a working capital deficit and stockholders’ deficit of $21.5 million and $40.6 million, respectively. For the years ended December 31, 2017 and 2016, we incurred net losses attributable to common stockholders in the amount of $108.5 million and $32.6 million, respectively. In addition, our cash position is critically deficient, critical payments are not being made in the ordinary course of business, we have indebtedness for which we do not have the financial resources to satisfy, all of which raises substantial doubt about our ability to continue as a going concern.
https://www.sec.gov/Archives/edgar/data/931059/000149315218005716/form10-k.htm
Game over for the short term :)
If the vote is called off or something it will come back. If you folks are right about the quorum they can't win and may next Tue punt again and boom!
Can the March 12th rules change at the eleventh hour?
Stochastic RSI is indeed oversold, however it was also oversold end of Dec 17 and Jan 18 while PPS stayed in the downtrend. Need to check multiple indicators for confirmation of a significant move. I say game over if she trips the Parabolic SAR in tomorrow's session. GLTA.
Stop making sense.
Agree, the chart looks good. But next week's meeting will be a catalyst of major change. I would not want to be in a heavy position at .03x which is why I sold at .0284 and took my profit. GL to you sir.
So here is what I think is going to play out. If she holds the current support of .021, she could be primed to break through resistance at .030ish on a closing basis. However, if she breaks this support on a closing basis, she could drop down to further uptrend support at .018/19. If this happens, she will trigger the Parabolic SAR which is currently positive. Then its likely the 50dma or lower.
Chart:
https://imgur.com/a/lkwPBvj
Per Google, after the split in 2015 it was all downhill.
$1993 - Nov 6 2015
$344 - Jan 15 2016
"Capital Change=shs decreased by 1 for 10 split Ex-date=11/03/2015."
I agree, I made and then lost enough money trading to make me a bit more risk averse.
You might enjoy this wisdom:
"They say you never grow poor taking profits. No, you don't. But
neither do you grow rich taking a four-point profit in a bull market."
-Edwin Lefèvre, Reminiscences of a Stock Operator.
Chart looks great for such a thing but there's a freight train heading down the track next week. If there is no vote, or the shareholders win, yes I agree accumulation here was a great trade. If management gets their dilution/rs though, I don't imagine the price will spike. Maybe it will? No matter what happens I can always look for reentry should I choose. GLTA.
@petey
I'm not a seasoned penny stock operator as you may be, but .034 to .028 is a nice size swing, and today it opened at .0265. I feel when you're down X% shortly after a buy, you're a bagholder. If one reads the common definition of bagholder, it is one who buys high and the security eventually becomes worthless. I am not arguing RNVA is or will become worthless, just buying at what so far is the weekly peak is ideally not advisable. I also believe in taking your loss, whether you are in a large or small position. Its a bet and you can't win them all. I myself sold half my position weeks ago shortly before the previous shareholder meeting was announced and the stock dropped from .015ish and sold on .012 at a loss. GL in your trades, I will probably be watching from the sidelines till after next Wed.
Thanks,
28
Last three trading days.
High today was 0.0340. Right now those buyers are bagholders, may change tomorrow, may not.
@S2focus
Gotcha, my bad. Can't say that I have heard of this prior to recently.
@Lupo
You're quite welcome.
TGL...S? Maybe my glasses are screwed up but I think I see a star there and there is no symbol for TGL on stockcharts.
The last trip I only spent three days in the strip and three days off. Drove a conv up to Zion, Valley of Fire on the way back, and to Grand Canyon West (protip: don't bother).
Read the 10K. If you're just trading the chart like I was, it looks pretty good. But the last time these clowns announced something bad she took a real dive back under .01. Next Wed is the vote on dilution. If they don't dilute I'm pretty sure there is no other good way of raising short term capital. Maybe if some white knight showed up with another convertible note or something, but I am not counting on it. They'll get their yes vote one way or another.
Well isn't that serendipitous. Love Vegas, although the last time out (just over a year) the gambling did not do it for me at all. Plus I noticed the Bellagio watered down my Bombay and tonics. Like WTF, $50-100 min tables and this is what I get? Wasn't all bad though, hung out with this old dude from Hong Kong at Pai Gow. He sat there with thousands of dollars worth in chips and then later showed me more from Planet Hollywood in the pocket of his windbreaker. Kept hitting the bonus, it was crazy. Said something like he understood the strategy with less money (my $300 or so) but you can't really win without playing the bonus.
I see swing trading as one shot one kill, so take calculated risks.
Check my post on the 10K, but I believe at least one of the spin offs is not happening till Q3 18. The dilution sounds like its a way to keep the lights on till the grand stratgery unfolds (assuming there is one).
Very much agreed. The action is nice though, and I like that a little more thought is put into the gamble versus most of games in Vegas. Strategery!
Two of the last three sessions were a pump on open and then trailing down the rest of the day and all three closed at or around .028. Who are the bagholders at .0340 right now? New longs?
Maybe, I've gotten back into trader mode myself. Lottery tickets do exist but far safer to take the swing and wait for reentry. Trade every dollar as if it were your only dollar.
If the company were not run by clowns I'd probably be more bullish as the chart is decent as of today at least.
Possible, the daily chart is still overall bullish. However seems to be new closing resistance around .028 the last four sessions (all of which had high(er) volume). Seems to be a pattern.
I think its just typical day trader manipulation. Could be a short squeeze, I'd say check Level 2 if you have access.
George,
I found the original 10K on the SEC website and indeed it was not fake news, thanks for the heads up. I sold at .029, in at cost avg .021 (kick myself for not setting a higher sale price last night for open, thought this thing had more in her). Will watch to see what the clowns pull next week. The way I see it is if they lose the vote/postponed, the otherwise bullish chart probably continues for a bit but if they win, timbbbeeeerrrrr.
Thx,
28
Link:
https://www.sec.gov/Archives/edgar/data/931059/000149315218005716/form10-k.htm
KEY POINTS STARRED
As of ***April 1, 2018, the registrant had 500,000,000*** shares of Common Stock outstanding.
An inability to attract and retain experienced and qualified personnel could adversely affect the Company’s business.
The ***loss of key management personnel or the inability to attract and retain experienced and qualified employees*** at the Company’s clinical laboratories and at the hospital could adversely affect the business. The success of the Company is dependent in part on the efforts of key members of its management team.
Our business has substantial indebtedness.
We currently have, and will likely continue to have, a substantial amount of indebtedness. Our indebtedness could, among other things, make it more difficult for us to satisfy our debt and other obligations, require us to use a large portion of our cash flow from operations to repay and service our debt or otherwise create liquidity problems, limit our flexibility to adjust to market conditions and place us at a competitive disadvantage. As of December 31, 2017, we had total debt outstanding, excluding the effects of derivative liabilities and unamortized discounts, of approximately ***$25.3 million, most of which is short term***. In addition, our ***capital lease obligations were approximately $2.1 million*** at December 31, 2017, of which certain ***payments are past due***.
Our ability to meet our obligations depends on our future performance and ***capital raising activities***, which will be affected by financial, business, economic and other factors, many of which are beyond our control. If our cash flow and capital resources prove inadequate to allow us to pay the principal and interest on our debt, and meet our other obligations, ***we could face substantial liquidity problems*** and might be required to dispose of material assets or operations, restructure or refinance our debt, which we may be unable to do on acceptable terms, and forego attractive business opportunities.
As of April 1, 2018, the Company lacked a sufficient number of authorized shares of common stock to cover all potentially dilutive common shares outstanding. On ***May 2, 2018, the Company intends to hold a special meeting of stockholders pursuant to a proxy statement filed with the SEC on March 14, 2018*** to, among other things, obtain stockholder approve to ***increase the number of shares*** of its authorized ***common stock from 500,000,000 shares to 3,000,000,000*** shares and to authorize its Board of Directors to approve an amendment to its Certificate of Incorporation, as amended, to effect a reverse stock split of all of the outstanding shares of the Company’s common stock at a specific ratio within a range from 1-for-50 to 1-for-300, and to grant authorization to its Board of Directors to determine, in its discretion, the specific ratio and timing of the reverse stock split any time before March 1, 2019, subject to the Board of Directors’ discretion to abandon such amendment.
Fake news without a link or some sort of demonstrative evidence.
Read the Slow Scholastics March 10ish to the 28ish. 250ish was the tradable bottom. Buy b!tchez!
The underlying security forms a lower high, but the Stochastic Oscillator forms a higher high. Even though the stock could not exceed its prior high, the higher high in the Stochastic Oscillator shows strengthening upside momentum. The next decline is then expected to result in a tradable bottom.
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:stochastic_oscillator_fast_slow_and_full
Def risky but there have been some big swings of late. Anyone trading the daily charts could have made a mint. Needs to close above .0330ish this week to maintain momentum. RNVA now a buy in the mid to upper 2s since the parabolic SAR has switched. Should retrace to around .0075ish.
The magic number is .0323.
Say it!
3-2-3
3-2-3
3-2-3
Chart?
"If that isn't enough, the acquisition Jamestown hospital and follow with the Spin-Off Free Share will powerful spike interest of the investors which possibility accelerating PPS to .25 cent by the end of May. IMHO"
Um, where on the chart do you see .25?
I bought the asc triangle but I see at least four lines of resistance...