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.
Radio Silent is a good follow on Twitter he is pretty good at picking otc and penny stocks. He hasn’t mentioned this one but he did say money was moving back to otc
Because other otc is moving that I’m watching
Money is moving back into otc don’t be surprised if this makes a move
It’s in the 10k dated 06/29
They are merging with part of rnva business
Do you guys think rnva will follow this one?
Chopping away at them .0003’s let’s get to .0004
3’s getting bought
If they didn’t want this to go up they would of kept it at no bid. It will run soon in my opinion
Alright nice pile of lottery tickets. Now just wait and see what happens. Best .0002 stock around I’ll have say.
Looking to free up some cash to add 5 million shares to my position while it’s still at .0002
This will follow TPTW
Because they don’t want to stay on the pink sheets. I don’t see it going to a buck without a RS
This is no more than a lottery ticket I’ll bet a few hundred on a run up.
Of course it is but that don’t stop it from running up some. I’ve seen plenty of fake pennies run at least it is a real company
They would be under a $1 in a couple weeks after the shorts attack it at $2
They need to get the stock price up before a rs
It’s coming in for a landing
Don’t guess the MM,s are going to let it run
We shall see if this is going to run or dud out soon. I had a spare $250 so I tossed it in at .0004.
Just one of the crooks that had been buying cheap shares between the bid and ask wanting to sell a few it will go right back to no bid
It wasn’t an offering just an update on shares
Looks like Marsha Blackburn has sent another letter to Rennova and she is now trying to get the Attorney General involved
I just paraphrased it was on the local news I’ll check the website later and see if I can get it all
Rennova answered the Senator saying mistakes were made going on to say he didn’t know if they would make it or not and they were in talks trying to get funding
I know it’s stick is .000000 that should tell you something
The problem is they don’t care about the business as much as they care about putting money in their pocket
There’s no help for this company when they can no longer drain money from stock holders they are done
If that’s true I might be willing to gamble $500 on it If can get it for .0001 l wouldn’t put it past the crooks to pump it. Sabbys and Empery assets didn’t buy it recently for no reason
That will be brutal for anybody holding shares now unless they do a little pump before. If they do then get the hell out
When are they going to do the 1 for 10,000 reverse stock split
When Rennovas address was traced it turned out a UPS store was located there
What makes this interesting is Sabby recently increasing his position
2020
ONEIDA, Tenn. (WVLT) -- A Tennessee senator called out a public health company that owns multiple hospitals in East Tennessee for the company's "concerning" business practices.
Source: WVLT
Senator Marsha Blackburn released a letter on January 30 to the CEO of Rennova Health, Seamus Lagan.
In it, she said, "I write to express my concerns about access to health care for the rural residents of the state of Tennessee...Recent media reports regarding facilities owned by your company, Rennova Health, have been concerning."
She also demanded that Lagan and Rennova Health answer three questions by February 11, 2020.
They were:
"1. According to your website, Rennova Health Inc. is a 'vertically integrated Public Company that provides industry leading diagnostics and supportive software solutions to healthcare providers.' Do you believe your company has the expertise to run a hospital? If so, please explain.
2. Do you believe your company is adequately capitalized to support one, two, or three hospitals?
3. To your knowledge, are Jellico Community Hospital and Big South Fork Medical Center compliant with CMS conditions of participation."
You can read the full letter under the "Related Documents" tab.
What has happened with Rennova Health?
In 2018, Rennova Health, a "public healthcare holding company," purchased the Jamestown Regional Medical Center in Jamestown, Tennessee and the Jellico Community Hospital in Campbell County.
Less than two years later, one closed and the other inched closer to shuttering its doors.
WVLT News reporter Robert Grant followed the journey of employees at Jamestown Regional, where they claimed Rennova never sent money to the state or IRS and where CBS affiliate WTVF reported that, before the hospital closed, many employees were surprised to learn that they didn't have health insurance from their employer.
Jamestown Regional closed after losing federal funding in June, 2019, leaving 150 people without jobs. Shortly after, State Representative John Windle called for the state to investigate Rennova.
"They violated the law and they should be held to account for it," said State Representative Windle on Wednesday as he called on the state department to conduct an audit of Rennova Health. The hospital is in his district.
Rennova also owns Big South Fork Medical Center, located in Oneida, and Jellico Community Hospital, located in Campbell County. Both have had problems in the past.
In September 2019, employees with the Jellico Hospital told WVLT News reporter Robert Grant that their paychecks had been delayed three times. WVLT News also revealed that, according to Florida Blue, insurance for Jellico Hospital employees had been terminated. However, employees claimed that insurance premiums were still coming out of their pay checks.
A few weeks later, employees at the Big South Fork hospital told Grant that payday had been delayed for them several times, too.
TOP ARTICLES
5/5
Knoxville's Finchum hopes for
Daytona 500 debut
Employees at the Oneida hospital had similar claims to those of Jellico hospital employees. They also said that, though their insurance was canceled at the first of July, Rennova continued to deduct insurance premiums.
In December 2019, Rennova came under fire again after an employee reached out to WVLT News and claimed that doctors hadn't been paid at the Jellico Community Hospital in more than two months. Other employees were late on their paychecks as well, the employee said.
In January 2020, employees at Big South Fork Medical reached out to WVLT News reporter Robert Grant again to say they were late being paid.
Employees told Grant they were supposed to be paid on January 10, but weren't paid until January 24. Additionally, employees claimed that the hospital's human resources department reached out to local utility companies to ask them not turn off the hospital employees' electricity.
Plateau Electric confirmed that the hospital had emailed them and that they were "working with employees."
What's Rennova Health's response?
Each time employees of any Rennova Health company have approached or reached out to WVLT News, WVLT News has made serious, vigorous efforts to get in touch with hospital administrators, with Rennova Health and with its CEO.
In January, WVLT News attempted to speak with Hal Leftwich, the CEO of Big South Fork, but were not allowed to meet with him.
According to Rennova Health's website, the company headquarters is located in West Palm Beach. Google Images showed the address listed is a strip mall. The exact suite is actually a UPS store.
WVLT spoke with a human resources representative from Rennova Health on Jan. 22 who said someone would have to call back with information. WVLT News reached out again and received no response.
What is the state of rural hospitals?
The closure of Jamestown Regional has left a hole in the community. It's an experience rural communities across the U.S. are beginning to understand well. In 2019, Navigant reported that more than 95 rural hospitals across 26 states closed since 2010.
In that report, more than 34 states had five or more rural hospitals at high financial risk. At the time, Tennessee had six.
After the closure of the Jamestown hospital, health officials told WVLT News that it would take millions to get any of the closed, rural hospitals back up and running.
Copyright 2020 WVLT News. All rights reserved.
How is company even in business? Deep in debt can’t pay employees, charges employees for healthcare that they don’t even have
Sorry but I don’t read nothing you post because all I see from you the fraud crap all the time
The bull side on this only see good and can’t see bad and the bear side only can see bad and no good. Here I sit on the fence after taking two roller coaster rides on the downside and then the upside and now I’m sitting here even back where I started. I’m thinking about just selling out since I can’t get any solid information here. In my opinion this board is useless except for the tohu guy.
People is spreading fear about a R/S that needs to be settled also.