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News does nothing here. We go when CDEL lets us go and helps the push. .005s seem like bottom though. I can be patient.
Great Update!
LT, do you recommend Stockcharts for charting still? I find that trade architect from TD sometimes glitches and won't show the chart. Also LA said TD is getting rid of it soon.
.01s looking good! Thought it would take a few more days.
Load and Hold For the Gold!!! (.01 to .014 Flip we mean!)
I don't get where ya'll are getting the .01 from. Not that it matters as the bid/ask will continue to change till the opening bell.
TD Ameritrade
Symbol Bid Ask Last Change % Change $ Volume High Low
RNVA
0.0057 0.0064 0.0058 0.00% 0.00 0 N/A N/A
Also 30 days is almost up, we should see CDEL start taking this north next week.
IMO
Annual revenues in recent years have been approximately $15 million net revenues per annum with government payers including Medicare and Medicaid accounting for in excess of 60% of the payor mix.
Press Release: https://ir.rennovahealth.com/press-releases/detail/278/rennova-health-completes-purchase-of-an-eighty-five-bed
West Palm Beach, Fla., June 01, 2018 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTCQB: RNVA), (OTCQB: RNVAW) (“Rennova” or the “Company”), a vertically integrated provider of industry-leading diagnostics and supportive software solutions to healthcare providers, 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, which offers a 24-hour Emergency Department with two spacious trauma bays and seven private exam rooms, inpatient and outpatient medical services and a Progressive Care Unit which provides telemetry services. The acquisition also included a separate Physician Practice which will now operate under Rennova as Mountain View Physician Practice, Inc.
Annual revenues in recent years have been approximately $15 million net revenues per annum with government payers including Medicare and Medicaid accounting for in excess of 60% of the payor mix. Rennova does not expect that to change significantly in the near future.
“We believe this acquisition complements our previously purchased hospital in Oneida TN, and the two hospitals located within one hour drive from each other create a number of synergies and efficiencies for services and management” said Seamus Lagan, Chief Executive Officer of Rennova. “We look forward to expanding the needed services we offer these local communities and believe this acquisition increases the opportunity and value for our shareholders”.
About Rennova Health, Inc.
Rennova provides industry-leading diagnostics and supportive software solutions to healthcare providers, delivering an efficient, effective patient experience and superior clinical outcomes. Through an ever-expanding group of strategic brands that work in unison to empower customers, we are creating the next generation of healthcare. For more information, please visit www.rennovahealth.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
Contacts:
Rennova Health
Sebastien Sainsbury, 561-666-9818
ssainsbury@rennovahealth.com
If they had to purposely drive the price down to let others accumulate...
http://www.legalandcompliance.com/securities-law/otc-market-compliance/otc-markets-listing-requirements/otcqb-listing-requirements/
"Meet a minimum closing bid price on OTC Markets of $.01 for each of the last 30 calendar days;"
https://www.barchart.com/stocks/quotes/RNVA/interactive-chart
Looks like 5/10 was the last day.. maybe we see slow steady climb before 30 days.
$RNVA$
Lots of great DD provided here in last couple of weeks. .005s feel like bottom. Par is .01. Nowhere to go but up :)
They made it sound like the change of direction to rural hospitals and the acquisition of the 2nd one has delayed the release of the 10Q. But they've had the first hospital for awhile... maybe they are not done letting the big guys load up. Or maybe it is bad and they don't want the Hospital Acquisition Run to be dampened by a bad 10Q.
Only CDEL knows.
$RNVA$ To Da Moon!
Possibly another 2 weeks for 10Q. They still saying they are closing on the hospital tomorrow though.
Press Release: https://ir.rennovahealth.com/press-releases/detail/277/rennova-health-provides-update-on-first-quarter-results
May 31, 2018
West Palm Beach, Fla., May 31, 2018 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTCQB: RNVA), (OTCQB: RNVAZ) (“Rennova” or the “Company”), a vertically integrated provider of industry-leading diagnostics and supportive software solutions to healthcare providers that recently announced the acquisition of its second rural hospital, announced today that it is close to completing and filing its first quarter 2018 financial results.
The Company filed an extension notice with the SEC on May 15 and stated an expectation to file its Form 10-Q on or prior to May 21, 2018.
In light of the extended delay, the Company would like to inform its shareholders that it has made considerable progress and is in the final stages of completing its quarterly report. The reasons for the delay are not material but instead are the result of a number of different things happening at once.
As previously announced the Company has undertaken a new, exciting and demanding direction with the acquisition of rural hospitals. This has led to a change in skill set requirements at a number of levels in the Company including financial. The Company has in recent months added adequate and experienced personnel to integrate and manage the hospital operations of our business but the transition and improvement in skills in our financial team has meant a delay in completing our first quarter financial report while they get completely up to speed with our financial reporting. Our financial statements contain derivative liabilities and other complex agreements that our new team has had to fully understand, adding to the delay in completing our first quarter financial statements.
Furthermore, the acquisition of our second hospital that is set for and expected to close successfully on June 1, 2018 has consumed the resources of our financial team and has also added to the delay in filing our first quarter financial report.
The Company appreciates that it has a strong history of filing its required reports on time, but has now been late with its most recent two filings. Steps have been taken to rectify this reporting deficiency and once this current 10-Q is filed we expect to submit all future filings timely.
The current review process of our 10-Q is likely to take another two weeks and while we cannot commit to a specific date at this time we want to reassure our shareholders that there is no material reason for this late filing and that every effort is being made by all parties involved to complete and file our first quarter 10-Q as quickly as possible. If the Company foresees any change in this timing, we will provide a further update.
About Rennova Health, Inc.
Rennova provides industry-leading diagnostics and supportive software solutions to healthcare providers, delivering an efficient, effective patient experience and superior clinical outcomes. Through an ever-expanding group of strategic brands that work in unison to empower customers, we are creating the next generation of healthcare. For more information, please visit www.rennovahealth.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
Contacts:
Rennova Health
Sebastien Sainsbury, 561-666-9818
It is... a Wonderment :)
For every seller, there is a buyer.
GM RNVA$
Will it be Doom and Gloom the rest of the week or To Da Moon!
Only CDEL holds that answer. GLTY
Guess CDEL isn't done yet. Let up for a day so everyone thought they were and bought back in. Oh well, still holding. Have a good Memorial Day everyone. Remember the Fallen.
Looking like Clear Skies to June 1st Acquisition NEXT FRIDAY
Thanks LT, all the cash I trade with is extra. I still have a normal job and would love to trade full time, but it will probably take a couple years of learning before I am even near to that point. After reading the first post in your guide, I had set a plan for CLKA yesterday and actually stuck with it today. Sold for a 43% gain at .0016 this morning. Normally I would have held onto it hoping for the moonshot at which point it is already below that price point. I plan to go through your guide slowly so I can fully digest all the information there. Thanks again! GLTY!
Thanks for that link to your other post Lowtrade. I too am a bagholder in RNVA. I am going to assume no question is a stupid question here, keep in mind I am new, but do want to learn. Some traders say charts and TA are meaningless in the OTC, I am going to assume this is false? After reading the post in your link, I was thinking of selling half my holding if I saw CDEL on the ask again pushing it down. How do you know when to buy back in though? When CDEL comes off the ask or do you use charting and TA or just have that gut feeling from years of trading that they are about done diluting and ready to send it back up?
Thanks Lowtrade, I look forward to learning. I am a noob trader (Nov 2017), that has gotten lucky by finding Ihub, LA and a few other saavy traders.
I think my main issue up until now is not having a plan in place first and not being able to identify when to exit (because I didn't have a plan). Look forward to going through all these posts and information.
Alright, I'm tired of being a sheeple and losing my $$. I have come to drink from the well and become enlightened. I shall start with Lowtrade's study guide.
Going Up ^o^ Power Hour ;)
Probably when we don't see CDEL on the Ask
It went through on the bid side, 6 mil block too
Wow, 8.5 mil block
Lots of Way too Happy People that others are losing money. Its all good. Sucks that their "expect" didn't come through on the 10Q. I'll stick around to see if the June 1st acquisition goes through and that moves the PPS northward. If not, I'll be holding my bags and moving on to the next gamble.
Lets get back to the topic on hand people. RNVA Doing a Moonshot to .007 and me making tons of money on my $100 investment.
Bwahahahahaha
RNVAW is Warrants
Now my day is Complete.
BWAHAHAHAHAHA
Are we at .30 yet? :)
Abandon All Hope! Bears sell your shares and get off the board. Move along now. If I want to lose my money, that is my choice.
Wheres my turn around 10Q?
The Company is unable to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2018 within the prescribed time. The
Company requires additional time to complete the review of its consolidated financial statements as of and for the three months ended
March 31, 2018. The Company expects to file its Form 10-Q on or prior to May 21, 2018.
10Q Out AH. Still have time to buy before the GAP Up tomorrow! Its looking real thin up to that 2,000 ask!
¯\_(?)_/¯
[_¯$_¯(_¯ ?° ?? ?°_¯)_¯$_¯]
Yay, .0077s got filled. Ready for that 10Q now early next week. Don't get left behind!
This thing is gonna ride a Nimbus 2000 with 100 roman candles taped around it to DA MOON! To Da MOON ALICE! Bam Ka POW ZINGER!
Timberrrrrrrrr!
Good Morning RNVA'ers! Follow Management, Follow the Experienced Traders, Hold for the Gold!
And that it has already been sold