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Yes! I'm glad someone remembers. They must have amended the filing and removed the date.
The reason Lagan Tweeted that they could not do a reverse is because they had filed a time frame that they could not do a RS. He stated it is in the public domain.
The filing I'm talking about is from the beginning of May 2018. It was when they canceled the RS. The filing did have a time frame that they could not do a reverse split. Is it possible that they amended the filing from then.
The no R/S until September 2019 was in a filing a few months ago, but I can not seem to find it. If anyone finds it please post.
Thanks for the prayer.
Things are looking ok so far. My neighbor there said they lost power but no wind or flooding damage to my house so far thank God.
Thanks.
One of the properties I own is just outside of New Bern NC. I'm keeping my fingers crossed.
A lot of selling going on today. .0004 may be up soon.
Good point Jim. I should also point out that I lost all the money that I made holding through the dilution. I know you stated at one point that you made profit here as well. Are you still holding some shares? I'm hoping that RNVA has a run before the RS and dilution, for those that are still holding shares.
You may be right about that George, but sadly it may have to be after a reverse split.
I made 20 grand on my purchases at the end of March and the beginning of April this year. For myself I consider that a price breakout. After that I flipped my position multiple times, but was not able to keep up with the massive dilution. I should have got out and waited longer to repurchase. That was the mistake a lot of us made here. I'm still looking to get back in. I may repurchase tomorrow or after the RS. I have not decided yet. I still see major potential for RNVA.
It's looking like they are about to let this run.
Just look and you'll figure it out.
I stickied this for you Ben. In the past we've had low volume right before a PPS beak out. I may jump back in soon.
Great points Ben. Lagan also owns 250,000 Series J Preferred Stock that are not affected by a RS. If he converts these shares that would also help restore shareholder confidence IMO.
Lagan needs to do some serious work to rebuild shareholder confidence. I believe he will at some point. IMO right now he has no interest in protecting current common shareholders. Hopefully after the next round of dilution he will do another RS, reduce the authorized shares, and up list. When we see him reduce the AS count to a reasonable amount, that should be the time when RNVA really regains shareholder support. I got out at around .002 PPS. I'm waiting for Lagan to do something that shows he actually cares about building shareholder value to jump back in. Once he can get the debt down to a manageable level thing should start to turn around.
Seamus Lagan
@seamuslaganRH
Jun 21
More
We cannot do a reverse split. That information is already in the public domain
That's true. I still see major potential for RNVA. I'll get back in at some point. I think Bids has it right waiting to buy more till we see how this all plays out.
Seamus will probably announce spinoff shares date or major positive news right before RS, so that people hold through the RS and continue to buy more diluted shares IMO.
You'll probably be able to buy the shares back at .0006 some point after the R/S, when the RNVA dilution machine will be turned on high. More people should be cutting their losses, before the PPS drops even lower IMO. It's not worth holding for the promise of a few spinoff shares.
.0005 will be up soon.
Reverse split may come when RNVA hits no bid.
They could dilute down to .0001 and then do a R/S. Normally after a R/S the share price plummets. I'm starting to sound like Bar now. I still want to buy back in but the risk is way to high at this point.
People watched to many movies again.
Great post Fly fisherman. A lot of good info.
Who bought at .0007 and sold at .0009?
Shameless will come out of hiding once the R/S and or A/S increase are implemented. He will have to explain how this is good for shareholders.
Great point! He does not care about current common shareholders in the short term or long term. The best you can do is try to keep flipping your shares or get out completely. RNVA may be a good investment at some point after the dilution and R/S have run their course and got the debt down to a manageable level. When they announce the new R/S or A/S increase the PPS will bottom and people will not be able to sell their shares. Longs should at least reduce their positions if RNVA has any type of a run.
Great post! A lot of good info. This low PPS is really a blessing in disguise. I know most longs are fully taking advantage of it. $DRUS
They will take your second wife from you when they do the reverse splits. They don't really need to approve the A/S increase, they could just keep doing reverse splits and then dilute. This would gain a lot of suckers happy that they didn't do a A/S increase.
Sell what you have left and put it in a trip zero runner. RNVA will go to .0001 and then they will do a possible 1 for 300 R/S. Now it's time for them to dilute again. Rinse and repeat. If someone stole 95% of your money would you just give them your last 5% or would you keep it and put it in something that will actually grow your money? I've made the money back that I lost here and learned in the process. It wasn't a complete waste of time.
Get out before you lose everything! ASAP
I agree. I'm locking up as many shares as I can get. Longs will have the float locked up soon.
That's what I'm thinking as well. Some weak hands always fall for the MMS tricks. IMO it just helps clear out the week and allows for a better run. $DRUS
Good to see you here KNUCKLES! I agree with you 100%. It looks like the dilution has about ended with DRUS unlike RNVA.
Great info! Thanks for posting. The PPS should be much higher at this point. My opinion is that the PPS is being held down intentionally to load more shares at this level.
If they do a reverse split and then a authorized share increase, RNVA will be back in the trips within a week. It will wipe out current shareholders. IMO people should take out what they have left and find a runner. You can always jump back in on the next RNVA run.
RNVA will be OTC Pink soon.
People that sold around .0115 today will have to buy back at a higher PPS, if they want to get back in on Monday. Afraid to hold a great stock over the weekend. LOL