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I'm sure Sabby negotiated some dilution protection in its preferred share agreement when the CEOs back was against the wall - the bastards - but those antidilution clauses can only go so far. Sabby is taking a haircut.
Go for it TJ. I wish I could.
You are on top of it. Sabby is folding on a corporate equity position, and the street is buying that out, so it really only shifts equity from preferred shares to common shares. It's not like convertible debt where the lender doesn't have to eat any dilution. The company's proceeds on the prospectus will offset the startup costs of reopening of the Jamestown facility, so earnings from current operations will not be impaired and the company will double in size fairly painlessly and cheaply. The CAH model adds some certainty to forward earnings that some investors may still not fully recognize.
The accumulation looks pretty persistent to me. I don't know, of course, but my sense is most of the buying is driven by the earnings reports and guidance. That's good, less flipping after Sabby clears. It seems like it's mostly smart money coming in.
There may be a few impatient exits, but it's just housekeeping. Sweeping the dirt away not under the rug.
Kumbaya my lord, kumbaya...
I understand.
Speak of the devil.
Well, I did get pretty rough with one who posts here, but he is a bully, so I don't feel too bad about that.
No one thinks he is not fair or does not appreciate him. Goodtimes was just trying to help, and so was I.
Facts about the ticker performance. We can all watch that on our screens. I have never in my life bought a stock based on ticker performance. Watching the ticker performance may have helped me buy or sell at a better stock price, but it does not affect my opinions about the performance of the stock, the company, the business, the industry, or the market. They ARE different things. Saying they are all the same doesn't make it true. A belief, true or false, is not an opinion. You are confusing the two.
I get it now. I thought you guys might have been talking about some star traders from the GameStop run showing up or something like that.
I noticed some time ago that Diggity never refers to RNVA as a "company," a "business," or even just a "stock." It's "ticker," always only a "ticker." I have tried to discuss the dynamics with him, but he just isn't interested. His approach, he is entitled to it, but he would not have to fret so much if he took time to understand why a ticker does what it does. Actually, a ticker doesn't really do anything. I wish him all the best, but I really hope he appreciates what you are telling him.
These guys talk about magic money fairies, insider gifts from Santa Claus, ticker hexes, and now unicorns. Straight from the enchanted kingdom.
Got it. Thanks. I learn something every day on the board.
I plea ignorance. "FUD?" "tmi?" Sounds interesting, but can you cue me in?
ACHTUNG! AUCHTUNG!
Or it could be the opposite in that they are jealous that many of the bulls have had some success with pink sheets in the past and know what they are doing. One or the other, and it could be both.
Maybe if we use enough German words they won't understand, they'll go way.
You have captured the zeitgeist.
Yep, and not subject to insider trading rules either. The rules protect investors from detrimental insider trading, not insider trading that is beneficial to investors. All sorts of good things can happen with this kind of earnings growth.
More than you'll ever know.
$2.74 million debt reduction first half 2023. A new insider trading plan would be required for the CEO to dump shares and only after a 90-day minimum cooling off period. Instead of doing the requisite research, you just make stuff up.
"Magic money fairy," "gifted shares," "cursed" ticker symbols - You hear it all from the bears on this board. Cuckoo.
"Gifted shares," right.
No sir. An insider (institutional investor) not known for good faith is selling off its corporate equity in common shares. New insider trading rules forced the insider to sell at this level, prevented from gaming the stock price first. The insider is also facing pending action by the SEC for market wide misdeeds.
What's behind the seemingly unusual trading pattern is all in the open. All in the filings. All good.
It turns out, everyone is not entitled opinion after all.
Buy Tom. Buy.
He knows he wants them.
It's funny how perceptions of value change. Back then everybody was losing their asses after the tech bubble burst. Investors overvalued every little tech innovation that came along, speculating on the intellectual property alone. It turned out that, as intellectual property goes, a comic book character is worth a hell of a lot more than most tech patents. Who knew?
I have only held one stock from the time it got beaten down by concerns about big losses and dilution through the point it swung to a profit and held it as profits grew. It took two or three quarters for the market to catch on. That one was on NASDAQ. I wound up averaged in better than Morgan Stanley who bought like 15%.
That was Marvel Enterprises. I'm NOT saying RNVA is at all comparable, but proportionally speaking, the dynamics of earnings growth (after swinging to a profit) are similar. My eye is on the EPS and the improving balance sheet. That's where the value is, and it's growing.
Plus the OS won't look nearly so heavy in 12 months when the company has double size and quite possibly on its way to triple. The CEO has paid of a hell of a lot of debt so far this year and is growing its value at a dynamic rate. I think his priorities are right. I'm not worried one bit about the share structure.
I still think 200 billion of that AS is in reserve as a MA contingency. In this industry, a sustainable profit will make RNVA quite an MA target.
The more it churns the more attention it gets. The more attention it gets the more people read the earnings reports and say, "WTF is this thing doing in 000s? I'm in."
Tanked? It hasn't even gone up yet newbe.
ENZC had nothing on RNVA, not even comparable. It is still trading at .04 three years later and still has nothing on RNVA. ENZC's books are a mess, not SEC compliant, and has trouble staying current at that. RNVA is going to get real.
Happy. That probably means Sabby is selling .0001s. Not nearly as much mystery here as some day traders think. The new insider trading rules are at work for us, the buyers and holders of common shares. All good.
If Sabby is selling .0001s instead of waiting to sell all at the .00014 it asked for in the prospectus, it will take a little longer for the .0001s to stack. That's good too, better really. I think the market is on it and will keep buying until Sabby clears. That should be a springboard, because the resistance will be so much thinner. I'm not great on timing, but it looks like days, maybe weeks, but it is going to fly. It just will. As you say, the numbers are just too good.
It should not be too long before the .0001 bids start stacking up.
When it comes down to it, most trading on the big boards is done through the trading programs on the computers of the big five banks.