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I’m guessing you bought back in today
Might have been close today. We were at 1.3 I think I read a last reported. Traded nearly 200 million today
We'll be back over .03
I'm mean Outstanding no Authorized
I figure 1.5 to 1.75 total AS
Q2 cut off June 30
Yup they play stupid when it suits their need. It will fly come July 2nd.
Plus MM's keeping it near .002 I think selling it for anything less is a loss. IMO
I expect MMs to keep PPS at this level till July. Reason is the effect on derivative liabilities on Q2 financials that Seamus promised a huge reduction
I agree
Good PR with promising first month. Good sign IMO. Seems the dust settled very quickly with this acquisition. Sign of good management.
Bid whacking. Really ??
Stacking the ask. Good strategy .
Doubt flippers are selling now.
RXMD .00985 to .2659 last one I was in
So not true
Duplicitous | Definition of Duplicitous by Merriam-Webster
https://www.merriam-webster.com/dictionary/duplicitous
Definition of duplicitous. : marked by duplicity : deceptive in words or action.
It's obvious to me that upper management at the hospitals need to be replaced.
No RS in our future as per CEO
Only way forward. Rennova is not the people republic of Tennessee heath care or a not for profit company
I think you need to become more current in your observations. If you have a business background than surely you can see the wisdom of this turn around that Seamus is attempting.
Everyone sees when CDEL lays off how PPS responds. Once the faucet is turned off it’s go time very quickly. You will see penny gains in a matter of a day. It’s going to happen.
CEO wants to get back to Nasdaq. He knows top line revenues are important and profitability to follow. Both hospitals were part of a large group that lost control and could not react fast enough to changing market conditions. Smaller is better in this case. More nimble now to make course corrections that lead to better results. Improving economy just getting started. This is all good news that will heal many wounds.
We should all want to see EXPENSES reduced. Does not matter wether you run a hospital or a popcorn stand. If you want to be profitable must increase revenues, reduce expenses and improve margins. End of story. That’s what our CEO will be focusing on the remainder of 2018.
We will see layoffs at Jamestown as well for the same reason and reduction in many upper staff positions that are duplicitous in nature between the 2 hospitals for over site. Again efforts made to get staffing levels in line with revenues to improve bottom line.
CEO stated NO RS in the future. Pretty simple to understand that statement.
Let’s see Hospital was bankrupt. We purchased it. Bottom line expenses (payroll) needs to get in line with revenues. Why is that hard to understand.
They were huge because the stock was trading around .03. I think that’s another reason they are moving price lower. Big difference from .03 to .003
No kidding. A turn around in process.
Exactly correct. 27 million target given current run rates
OTCX moved to .03. He's out
Everyone knows financials not good. Startup costs, etc. looking for improvement on expense side, but afraid this Q will not reflect that till next Q. It takes time.
Rennova Health CEO & President Seamus Lagan Returns to “Stock Day” to Provide Update on Financial Reports and Hospital Acquisition
June 15, 2018
WEST PALM BEACH, Fla., June 15, 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 acquired its second hospital, provides update on filing of First Quarter financial statements and acquisition of Jamestown hospital.
The interview began by addressing the company’s delayed financial statements. “All I can do is apologize to everybody that we are late in getting this filed,” said Lagan. The company has been undergoing multiple staffing changes since the first quarter. The company has been successful in securing expertise in the rural hospital sector, but this change coupled with the new hospital acquisition resulted in a delay to their filing. “We’re actually dotting I’s and crossing T’s on the final document, and expect to have it filed in the next 24 to 48 hours, or at latest by the beginning of the week,” Lagan said.
Everett asked Lagan about the company’s Jamestown hospital acquisition as well, inquiring about potential revenues from the project. Lagan has high hopes for this project, and said, “It should give our shareholders a lot of confidence that we are able to complete this acquisition and should hopefully give them some trust in our determination to turn this company around and grow our revenues. The new hospital is off to a good start and has a strong relationship with the local doctors and the surrounding community. The process of acquiring an operating facility was very different from building one up from scratch.” When asked about the company’s first hospital, Lagan assured Jolly that it is doing well. “Its revenues are increasing, collections are kicking in and it is doing well. We are looking at what additional services we can provide to increase the revenue."
Everett further questioned the CEO on plans for the rest of the year and additional acquisitions.
To listen to the full interview and hear more from the CEO about the company’s plans, please follow the link below.
https://upticknewswire.com/featured-interview-ceo-seamus-lagan-of-rennova-health-inc-otcqb-rnva-4/
Soon
It’s coming
Just look for turn around financials not profit at this stage. Decrease on the expense side of the equation. Will be more evident with Q3 financials.
LOL. Our day will come.
Easiest way to cut to profitability
Ask stackers in full force today.
CDEL ? Where did he go ?