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Wow that’s awesome, wish I had that much!
Lol, I copied and pasted my previous post from the 10q so maybe you read it wrong otherwise it’s quite easy for you to copy and paste that information since I didn’t see those numbers anyway. The only reference to $3m debt is for the total debt owed. I have already explained that all the debt have conversion prices in of at least $0.12 so we can’t even talk about those shares converting at current pps. Dilution can only come from the interest payments. Highest interest rate is 10% which comes out to $300k in serviceable interest
This is exactly what they want, cheap shares and unfortunately we have shares in weak hands
Then please do us all a favor and show proof of those numbers? It should be in their disclosure so should be so easy to share.
There’s no way they have $3m in interest payments coming. It would essentially mean their whole debt would be in the 10s of millions
Preach G-Schmoney, preach! $FLCR will continue to make big strides. Looking for to some news mid-month
All of the the debt listed in most recent 10q (https://www.otcmarkets.com/filing/html?id=12771394&guid=U6KoUao64zmrhbh) have conversion prices which are much higher than current pps. The lowest conversion price is $0.12, it’s only the interest payments that should be accounted for when calculating potential number of shares being diluted since current pps is way below the conversion prices. So really the dilution is like $375k (accrued interest) not the entire debt or $2.5m as you mentioned. Theory is when pps reaches those conversion price levels, it then becomes more likely that company may be able to pay off in $$$ instead of stock conversions
Major announcement here for the serious investor. Don’t pay any mind nor attention to anyone that posts numbers without including the link or data that backs up their claim. They will tell you they know cause they emailed and talked to this and that person, don’t believe any of it. It would be illegal for an insider to pass on information to an investor that hasn’t already been made public to all shareholders. So basically if what they’re saying is true, they data to back it up should be only a click away therefore there’s no excuse to not be able to backup their claims.
PPS is below $0.03 shorts covered and moved on which is bittersweet cause on the one hand we weren’t able to take advantage of it but on the other, our baby has been left alone in peace. Now it will get back to it’s slow, steady and below the radar gains. We didn’t get to $0.07 on the front page
Yup yup!
Yes sir! I think the CEO understands he has to counter the negative effects of r/s chatter so he needs to have and maintain a good pps. I’m sure his for a strategy to accomplish that. His not your typical OTC CEO, his for big board eyes! ;) $RNVA
Great breakdown!
I agree with you 100%, that’s the least they can do.
On another note though, I’ve been able to confirm the acquisition and Ibeto is/was very much involved.
Awesome post, thanks!
We are saying the same thing. I said it’ll be up to the company to sustain the higher pps post r/s. It’s the same reason why shorts would are an opportunity
Preach my man! you seem to be one of the few people hear not talking out of their behind so to speak. There’s been so much false information and opinions crowding the board simply because people don’t do there DD.
R/S is only negative if the investment as a whole loses value. Stop getting caught up on your number of shares it’s the value that’s most important.
If you 1m shares worth $10k ($0.01 pps) and a r/s occurs at say 1000-1 so you’re left with 1000 shares. (Companies do r/s to raise the price of their stock and/or entice new investors). Your 1000 shares at $10 pps would still be worth $10k so quit worrying and focus on what the company is and will be doing that would sustain the higher pps.
I know it looks good to say you have millions of shares but are you here to make money or count the number of shares you have?
Even with all the conversation o/s would still be at 100m which is still tiny for otc
He hasn’t even made a statement to investors since taking over and considering the circumstances surrounding it. I think that alone clearly shows he should remain in the IT department, CTO yes but not CEO
Thank you this is what I’ve been trying to explain to folks on hear. It’s like they’re all so attached to their number of shares instead of value.
They also don’t realize that r/s can actually add value to the stock as your post rightly points out! Nice 1
People keep believing what they hear rather than do a little dd and find out for themselves. There is no r/s happening, CEO has been announcing yet this flurry of r/s talk is getting ridiculous now!
https://finance.yahoo.com/news/rennova-health-withdraws-proposal-reverse-132000632.html
Agreed except in this case it’s not a store and no one is painting. The have been buying and growing their assets, those things have tangible value.
You actually just proved my point in the manner otc investors always generalize and lump things together based on bad words like “reverse split”, “dilution” etc. Yes their more scam companies than legit in otc no question but there’s also some that actually have a business, want to run it and be successful. You cannot run hospitals in the manner in which you trying to lump $RNVA as a typical OTC stock and be in business. The acquisitions are real and there’s substantive value to the company unlike 90% of otc stocks. This stock is for the long term investor
Thought this might be helpful to some
https://www.fool.com/investing/general/2012/03/20/reverse-splits-arent-all-bad.aspx
Yes r/s is done to create opportunity for new investments, agreed.
R/S doesn’t mean the value drops only the number of shares. There’s a difference between number of shares and value. If you have 1m shares valued at $10k after an r/s depending on ratio you will definitely have less shares but the value of the shares would remain close to par or increase, definitely not decrease. Yes a stock can crash after r/s but there’s also examples of successful r/s implementations.
Again R/S and/or A/S increase is not set in stone. CEO already put a hold on r/s so clearly he does care about shareholder concerns so would be crazy for him to decide to halt a/s also. He wouldn’t want his company’s value to drop any further. Remember his stated on occasions that he wants to be up listed ASAP.
Let’s not forget one thing here RNVA is not your typical otc stock. They have highly valued tangible assets and their hospitals are of the highest standards. Health care industry is exploding and predicted to continue to do so in the future. So you have consider all of this as an investors. Most like to see millions of share in their portfolio and fixated on the number of shares rather than value imo
Your entire post is rather confusing. First let me clarify, I never said r/s increases the value of the company. I said 2 things, r/s will lead to higher pps and that higher pps will be based on the “real” Company’s value. Like I said in my previous post currently the company is valued at less than $800k based on market cap. The assets of the company is in the millions so the company is extremely undervalued.
Now we are in agreement that pps will go up after r/s. But then your statement about institutional investors only buying shares after r/s so they can sell into market for profit doesn’t make sense. Wouldn’t the institutional investor be buying the stock at the r/s current price? Ok let’s assume they get discounted pricing but even at that based on what your saying about stock going down after r/s means the institutional investors still wouldn’t be guaranteed a profit in the market because as you say pps will drop soon after r/s cause everyone will dump.
Remember the company has a goal to get up listed and that cannot happy with pps in the pennies. The fastest way out of that would be a r/s and then hope that the company has things in the pipeline to backup and justify the higher pps. I think too often in otc people over react when they hear reverse split. Yes sometime scam companies abuse it but there are positive reasons to do r/s. We know definitely RNVA is not a scam company, maybe poorly run if anything.
Agreed people are so spoilt now that the panic when a stock isn’t green everyday. $RNVA is not a short term money making play, its long term so if you’re not up for that then the stock just isn’t for you. The company assets alone is far worth more than the current valuation ($777k market cap) of the company. They have several hospitals yet company is only worth $777k??? Talk about undervalued! $RNVA
The R/S leads to higher pps. By doing the r/s they’ll be able to price the stock to better reflect the value of the company. So technically after the r/s your shares will be worth more. It really comes down what pps they give the stock after the r/s. That part wasn’t so clear in their filing.
2 billion a/s was never news, it’s been that since 2016 lmfao! I think u were confusing a/s versus o/s
$RDGL No one is saying the o/s hasn’t increased this is about whether its debt holders dumping all week. I have been saying it shorts but dude over here keeps saying otherwise.
“As of January 23, 2018, there were 65,695,213 shares of the registrant’s Common Stock” (https://www.otcmarkets.com/filing/html?id=12493436&guid=YR6oUFXCNXEmj3h)
“As of March 26, 2018, there were 71,477,213 shares outstanding and up to 19,557,612 shares issuable upon exercise of outstanding options, warrants, and conversion of outstanding convertible securities, assuming exercise and conversion occurred as of that date, for a total of 91,034,825 shares.” (https://www.otcmarkets.com/filing/html?id=12661668&guid=YR6oUFXCNXEmj3h)
In regards to the debt conversions they all have much higher conversion price than where the stock is at so that whole theory debtors dumping is garbage. Besides if you watched the trades it was clear that shorts were intent on keeping pps below $0.006. Now what sort of debtors in there right mind rather collect less money?
Actually you weren’t saying that, you said debtors dumping and o/s of 2 billion lol! Glad you’ve changed your tune
Right ok so I’m guessing you have your own custom trading platform also lol!
I’ve seen the 10q was released back in May or let me guess you’ve seen the 10q yet to be released? Smh... I know what is says there. The point is the so called dumping that occurred was not by debt holders period or is that also stated in the 10q lmfao!
Blah blah blah... I already have you concrete reason/proof why what your saying is inaccurate. Go anywhere o/s is still at 80m. If it was debt dumpers dumping all week, it would have reflected in the number of o/s listed on any trading platform. Just cause you keep repeating yourself is not going to make it fact. If I’m wrong it’s simple prove it
Oh so it’s not debt holders dumping anymore lol! Now it’s just an increase in o/s mentioned in the 10q right? Thought so but you’re hear just talking and making things up. Kindly take your #fakenews to another board we’re on to you here lol
Not true at all, no one is dumping it was ppl shorting the stock. If it was converted debt dumping then the o/s would have increased but it still sits at 80m o/s. Feel free to prove me wrong
Shorts are relentless today never seen anything like it! They must have a lot of $$$$ in the line wow
Absolutely and they are not taking any prisoners! They are focused on making sure it closes below $0.005. It’s shocking how so many taking the bait! Smh $RDGL
I’m more confident about it now since the actually made the effort to release the clarification pr. I can’t say it’s a common theme with otc companies to listen to shareholders and respond so quickly. I also believe based on their sector and approach, it’s vey possible. They wouldn’t be doing r/s otherwise imo which is aimed at a more accurate valuation based on Galaxy revenues. We should have the fins mid to late August so load up people! $FLCR
Trust me I would never have let this get below $0.03, had a margin call that put me in a helpless position this week but should be back in action next week. Hopefully pps hasn’t been run down to much by shorts and mms by then
Yep definitely a good sign
Shorts being extremely aggressive. Looks like the need to keep pps at $0.06 to cover their position before end of month calls. Tomorrow is going to be really interesting, hopefully the knowledgeable investors will take advantage and could see big run up as the shorts chase! $ARYC
Then please do quite frankly this board is not for whining, do what you gotta do and leave us peace. You’re doing absolutely to help yourself, goodluck