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A lot of red on the OTC this morning.
Might have been some Q3 costs related to Jamestown CAH approval too. News on that by the end of the year wouldn't surprise me either. All on track to meet the CEOs guidance after the Q2 report.
Discussions on further restructuring of debt and "other securities" in progress. Expect news on that by the end of the year, if not sooner. It wouldn't surprise me to see an insider trading plan filed for insider buying. No insider trading plan is required for buyback of corporate equity.
Q3 did not include Myrtle revenue, much less the improved cost ratios to follow, Swing bed revenue was not at full flow yet. Reduced cost of debt by over $300,000 in all future quarters as per recent debt restructuring (not included in Q3 either). All that and the company still managed to pay off another $2million+ in debt. People just need to do the math. Geeze.
Jay, did I say we're going to have to wait until next year's earnings reports? No. You read what you wanted into what I said. RNVA is consistently doubling YOY revenues NOW. AND it will continue to double YOY through 2024. The breakout begins this year. Just watch.
The first thing a serious investor did this morning was read the earnings report. There were some one-time costs in the Myrtle and swing bed startups. Q1 will be the first clean look at where all Big South Fork operations will maximize maybe Q3 2024.
Revenue continues to double YOY. Sunk cost to get Myrtle Recovery to licensing (mid-August) and through to opening (November 2) put an expected pause on earnings growth. Q3 does not reflect swing bed revenue at full flow either, so another revenue surge against flat or somewhat lower costs and improving ratios to look forward to through Q4. CEO guidance for profitable 2023 holds.
Myrtle and swing bed expansion sunk costs a bit higher than I had guessed. but the revenue growth from all operations will overtake that in short order. MORE THAN $2 MILLION MORE IN DEBT REDUCTION IN Q3. Nearing $5 million so far in 2023. Solid Q3.
All the signs say Q3 earnings will be pretty convincing. The market has not been following RNVA as closely as we have but will catch on.
Great job with SEC compliance overall. RNVA is not one of those half-assed, non-SEC compliant OTC Markets Group listings. There is an 8-K filed for every forward statement the CEO has made. Outstanding corporate governance and transparency.
Possible. Pretty sure they are on top of this one though. Last quarter they filed the late filing form then filed the 10-K the very next day. A last-minute snag I suppose.
Should see volume pick up midday and afternoon today.
Tomorrow. I think they can file up to midnight, so the SEC post will be there before market open Thursday morning at the latest.
RNVA is worth pennies on current and near-term valuation. An awfully good gamble.
Oh, I don't know, maybe 18 months of dynamic revenue and earnings growth?
Dylan called Sam Cooke the best songwriter he ever heard. Quite a complement.
Ahhhh, the old never win algorithm trick. Thanks for the warning.
RNVA has already proven those projections wrong..., completely wrong. Not even close. Moving way in the opposite direction.
Yep. Can't be many left. Sabby has been selling .0001s for months. Finish them off this week. Then no more significant insider selling in the way. All the way with RNVA!
SEC should post by after close Wednesday.
Just saying, we don't need a silver bullet. Investors just need to finishing buying out the shares under the Sabby prospectus. Then valuation takes over. A minimum of $4 million in profits THIS YEAR against 40 billion OS. Get your calculator out and project a reasonable P/E ratio on that.
"In the future, we MAY..." Boiler plate precautionary statement. Exact wording from the insider trading plan filed December '22 before RNVA swung to a profit. The Sabby prospectus is the only new share issue in play, preferred share equity to common shares. Covers Jamestown expansion with no impairment of earnings. We're good until 2025. Then MA maybe? Who knows?
What are the revenue and earnings doing?
RNVA is profitable, expected to continue doubling revenue YOY into '25 in an industry where those numbers make it a MA target. Cancel shares? Why the hell would RNVA do that? It's like you are oblivious to the revenue and earnings trend over the last 18 months. Have you not even noticed how fast debt is being paid off? Cancel shares? RNVA has a competent CEO and BoD that indicates good corporate governance. They know what they are doing. Canceling shares would accomplish nothing but tie their hands in case of a MA. You really shouldn't throw stuff like that out there. Just wrong.
There has been more than enough information posted here that shows the SEC has cleaned up the OTC market substantially and will be happy that retail investors do well because of it. It's all good for a profitable, fully SEC reporting compliant company like RNVA and its investors.
The Q3 10-K next week will rock just projecting the minimum revenue and earnings growth based on the trendlines and company guidance. And that won't include Myrtle revenue at full flow or the debt restructuring. Time to rock and roll.
Not much of that left is for sell at .0001. Not much for sell in the 000s for that matter.
All Azwipe knows is he lost all his money on it. He just doesn't realize he lost it because he didn't know what he was doing.
LOL. Goofball, Bonehead, and Azwipe - what a trio.
When I post something, I know what I'm talking about. You don't. It's obvious. You're just making a fool of yourself. Grow up and get a life.
I don't owe you an answer to anything Azz hole.
Azz calls us losers, but he is the one who lost all his money and can't let it go. People who don't understand the stock market should not get in it.
That doesn't make sense. People buy a stock before they make money on it, not the other way around.
Yes, indeed. New investors will never find a more predictable 000 breakout. All they have to do is read the SEC filings over the last 18 months and understand the CAH revenue stream. https://www.hrsa.gov/sites/default/files/hrsa/opa/critical-access-hospital-factsheet.pdf
More than at the end of September. Depends on how many shares have been sold under the prospectus since..., and the total is fixed under the required insider trading plan filed ten months ago. There is no mystery here. It's all in the SEC filings. You just have to do your reading and comprehend what you read.
Interesting, but that is definitely a positive. I've never noticed that posted for any stock before. Maybe the OTC Markets Group has started including that info because OTC investors are particularly interested in corporate governance. Just an educated guess.
The Q3 10-K will show how many shares were sold under the Sabby prospectus through the end of September. The OS will reflect that. The AS will not change for reason of future MA contingencies. No way does the company do an RS when the company is about to double in size and revenues in less than a year from now. The CEO is in discussions on further restructuring of debt and "other securities." No way will RNVA do another RS until and unless an uplisting is involved. No way.
Operative word, "trash."
So, what's the point? Everybody already knows exactly what the ticker is doing, and most know why. Bulls on this board have posted an awful lot of hard facts. You don't seem to be able to distinguish fact from opinion. Providing an informed opinion is far more useful than just stating the obvious five or ten times a day every day.
The TA is still registering shares at .0009 under the Sabby prospectus, but they are being sold right away at .0001. Almost there. Go RNVA.
The good part: Buyers Friday and today are not people posting on this board with maybe a minor exception or two.