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The PURPOSE for no R/S at this time is because company's increase the A/S to raise capital? that means dilution! 250 billion A/S! fact! So pick your poison. R/S or constant dilution? Which does everyone prefer?
Read everything carefully. They have LOTS of debt. Just operating costs is in the millions.....
I try to ignore that poster. It's like beating a dead horse. Why I keep responding! IDK! LoL Nothing wrong with posting facts but 100 times a day! Everyone is entitled to their opinion, but we all know (including that poster) Seamus has been a horrible CEO for investors NOT for his own pocket and the board's pockets though.
.0008's quickly approaching SB. Hop on and make some profit! :)
.0007's up folks
.0006 getting hit very thin
Good luck with that. I sincerely mean that. You have quite a bit riding on speculation that is supported by ONLY ummm...your opinion. Honestly I don't think there's any company willing to absorb or merge with this at this time. Many opportunities have come and gone for that to happen. Any company conducting "real" dd and trying to get in this sector wouldn't have let them lose Jellicho IMO of course.
Come on folks!! Take out the ask! Let's see if it gets refilled!! Go RNVA! CEO is doing an awesome job!!
From Seamus back in 2018. Seems he no longer plays the tweeting game. But it does shed some light on his logic and thinking.
We don't (and can't) release non public information in tweets as that is a limited audience. Per our filings we have debt held by institutional investors. These investors have a right to convert this debt to shares and this is completely outside of the control of the company.
When we say net revenues we mean collectible sales revenue. The gross revenue can be much higher but we apply a formula related to historical collections to give us our collectible (net) revenue. So, sales revenue, not profit.
I hope this goes to at least .0003. Or many here will be :’(
I hope this at least runs to .0003 soon. There's soooo many here gonna be extremely disappointed if it doesn't. Gonna be 3rd quarter real soon. Seamus isn't making moves to benefit common shareholders. He will do what's "best" for the future of the company if he's such a great CEO! He has already stated he has no control over conversions. So take that fwiw. Regardless of future earnings, these investors want their money when they want it....
2nd quarter winding down...only move seamus will make this year is a R/S
Be patient maybe by 2025
Exactly when did Seamus EVER do a great job?
I beg to differ! Up 9900%!! Yayyy!!
It can be dropped anytime without warning. So technically those waiting for .05 soon should be extremely cautious!! ????
Up wayy more! 9900%!!!! Yayy! Shorts have nothing to worry about. Seamus will R/S. Seamus might even be in kahoots with these infamous “shorts”
Scumbag you have to admit. This is looking pretty good all things considered. All this trading is low volume. Any positive news will blow this sucker up in the right direction. You and I both know it will. Make some profit maybe more! LoL
I stated a long time ago. If this can go at least a full 5 day trading week without trades below par then something positive might happen. As long as this trades consistently between .000001-.00005, don't expect much
As long as trades continue to average .000001-.00005, Shorts have absolutely nothing to worry about. Seamus will R/S because he has stated sub penny status is a joke! (paraphrasing of course)
Approx 4 milly just went at .000001 and Shorts are panicking? LoL
Dude this consistently trades at .000001 and not small blocks sometimes pretty big chunks go through. Try to cause worry? Nah I believe those overly invested are worried! LOL CEO has no control over conversions. Has no choice but to dilute while this trades at .0001. Hence his logic to R/S soon! watch! Pre 14(c) dropping any day -$$$$$$$$$$$$$$
Awww down 9900% :( Come on Charlie tweet some more awesome DD! Show us those charts!
Up 9900%!!!!
Idk how much they really owe! Lol y’all get the gist though!
800 k in one quarter is awesome! Hold up we still owe 100 million oh my!!!!
I won’t delete crap! Lol I’m playing the flip just like you! Lol
When this consistently closes at .000001 is never a good day no matter how some try to spin it. This is why Seamus will eventually R/S. It’s all common sense.. smh
Conversions I believe…..1 quarter of profits does not negate all the debt incurred plus operating costs that continues to accumulate on a daily basis….
Uh oh .0006 is up
Bottom line is in order to move forward Debt must be paid. Did you read??? There’s no room for speculation at this point. They’re struggling just to take care of accounts payable. Those conversions have due dates. It’s not Seamus’s timeline. Seems like RNVA is trying to turn the corner. But Seamus needs to allocate any extra to ridding bad debt/loss. Again this is years from being where it CAN be. I agree if certain pieces fall into place RNVA will be all good. Don’t expect a buy back. From a business standpoint that won’t be a long term solution imo. For many reasons GL “Bottom Line” we are here for a little profit! Being that I got burnt, I have the right to be critical of obvious pumpers. Not referring to you.
The comedy is at that rate of 800k every quarter, It will be years by the time they pay off debt while that working capital deficit will continue to exist as long as they are an operating company. Conversions and due dates won’t wait. That’s why the A/S was raised and that’s why there will be another R/S to secure “better” financing. Now other factors could possibly come into play. Government Medicaid etc…but umm they are still wayyy in the red. I guess you missed the fine print.
I guess I was drawn to this statement. You go ahead and interpret it and dissect it for yourself. That bottom line as you say is not really the bottom line....
At March 31, 2023, the Company had a working capital deficit and a stockholders’ deficit of $42.2 million and $28.3 million, respectively. While we generated $0.8 million of income in the three months ended March 31, 2023, we incurred losses of $2.3 million and $3.3 million in the three months ended March 31, 2022 and the year ended December 31, 2022, respectively. The losses in prior periods and other related factors, including past due accounts payable and payroll taxes, as well as payment defaults under the terms of certain outstanding notes payable and debentures, as more fully discussed in Note 6 to the accompanying unaudited condensed consolidated financial statements, raise substantial doubt about the Company’s ability to continue as a going concern for 12 months from the filing date of this report.
I strongly suggest you go and reread it. I see alot of liabilities and deficit. I may be overlooking but looks like they are still a long ways from being profitable. Again I may be overlooking I do admit when I'm wrong. You do understand parentheses around a number means negative right?? Don't confuse yourself with the word NET
Still looking for that key word PROFIT
Umm in this case a R/S might actually be a good thing for RNVA not for small time retail like us but it will be done to entice "good" institutional investors.....which is what Seamus wants.....
Must have missed that. Didn't see 800k profit. I'll go back and look for that word.....
RNVA has net revenues not profit. They are in debt and have lots of toxic debt.A/S increased to 250 billion for one reason only. Seamus already stated that they are looking to acquire more assets BUT will need to "raise" capital in order to do it. Those net revenues have to be allocated towards infrastructure and bills. When conversions are due, they are due regardless of potential profits in the future....
For all the reasons you posted is why this has at least one more R/S to go maybe two but definitely one