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Their last press release was March 4th 2019. The moment they issue a press release about getting current again it will start moving. Still Pink No Information at the moment.
"Coronavirus pandemic causing new skin issue: 'Mask-Ne' aka Mask Acne By Johanna Trupp".
https://abc7ny.com/new-york-covid-coronavirus-tips-glam-lab-beauty/6163521/?ex_cid=FB_Localish&fbclid=IwAR0k7sugFNGCXvv6V8oYZ4X4bcBd0d_wVuuaL8dD_JvvyNe_amFJN3BqIxE
Wearing masks continuously causes acne. There are millions of mask wearers. Solve the problem with Acnease perhaps?
New market maker on the bid: INTL. Left already. That was short.
The three filings were the same as yesterday. They just changed the date. Needs an attorney letter to be fully current. HBRM tier now changed from Pink No Information -> Pink Limited.
I agree as I've mentioned this in a post directly after the reverse split. It doesn't matter how many millions RNVA receives as Seamus Lagan keeps diluting RNVA using the marketmaker CDEL. The share price will not budge as RNVA has 10 billion authorised shares, nearly endless shares to distribute. All the buying, even millions in shares will only enlarge the outstanding shares as CDEL is happy to give them to you, keeping the share price the same. The AS must be capped at 25/50 million or so, otherwise it's dilution every day.
The TPTW CEO must be slapping himself in the face. He should have known by reading this board what Seamus Lagan has done to his shareholders and is still doing. And then he just signs a contract with Seamus for INOQ. He's learning what Seamus is all about firsthand. Seamus wouldn't even be a CEO without CD's money. Let this be a lesson to other CEO's wanting to do business with Seamus.
New MM on the bid/ask: CFGN. Sidenote: RNVA now has more MM's than TPTW.
The authorized shares at 10 billion shares is all you need to know here. He can keep diluting.
Seamus doesn't have many options left as nobody wants to lend his company any money, even after the "necessary" reverse split. If he wants to save his reputation, he should sell everything and move on.
Symbol change has been done SPLND->INOQ.
Check tab Symbol Change.
https://www.otcmarkets.com/market-activity/corporate-actions
All the debt that is being cleared and all the millions Rennova received didn't move this stock. It just pushed the stock price further down. Why would any settlement of any kind be any different? Even Seamus Lagan being adamant to do his 3rd reverse split to attract "major investors" did nothing and these "major investors" are nowhere to be found.
SPLN (Innovaqor) reverse split 1:20 happened today. Let's see how few shares RNVA shareholders will get after all is said and done.
This looks to be heading slowly towards a penny again. Never catch a falling knife.
It could be time to involve governor Marsha Blackburn again.
After the 4th split, Seamus Lagan protects himself and Christopher Diamantis with preferred shares and drops the company like a rock again after pocketing the government money. As posted earlier the amount of Innovaqor shares you will get is now 1/3 of what you would get had the share price been $1. Slowly, day by day the share price keeps dropping so people don't notice. The split was done to get access to more money. So, where are the "big investors" and why would they give Rennova money?
Agree with this. 120000 shares traded, 1.2 billion shares pre-split. This should normally hit the $2 or $3 already. The market cap is still too low and Seamus Lagan is still not talking.
A $760,000 market cap with $14.8M received and $22M for Innovoqor.
OTC corporate actions sometimes show on Saturday. So it's either tomorrow or Monday morning.
If Seamus Lagan uses the money he received not for RNVA but to enrich himself and Christopher Diamantis, destroying his shareholders in the process for a third time with a third reverse split I'm sure this time there will be consequences. When RNVA gets suspended he will have no one to blame but himself. Let's see what happens in the coming weeks. All eyes are on him.
Bid decreasing, ask increasing. Could be no bid by the end of the week.
People keep hoping for some kind of miracle, but people like Seamus won't change into a good Samaritan all of a sudden. He wanted to destroy shareholders and he did, multiple times. As the latest 8-K shows that the AS will remain at 10 billion shares he can just continue diluting RNVA after the reverse split making the shares you get in Innovaqor also nearly worthless.
Sorry to all of those who went through multiple reverse splits and held some hope that it would be different this time. Unfortunately this CEO doesn't care about shareholders and ultimately never did. We could have a high volume day today as people rush for the exit.
What's interesting is that the market cap of the soon to be subsidiary SPLN is now higher than the mother company RNVA. Don't you just love this logic.
This post should be removed as sticky as RNVA is Pink Current now.
Tier Change. RNVA from Pink No Information to Pink Current as of July 18th. Click "Tier Changes" on:
https://www.otcmarkets.com/market-activity/corporate-actions
Sh0rts could have made a killing during the last three reverse splits. But even if they are the ones who are holding the stock between the 0.0001-0.0002 channel, they don't have any power. All the power lies with the CEO. You can't just give shareholders great news like the joint venture with TPTW and the debt swap and leave the reverse split question open for executing at the latest the end of this year. You can't give all this good news and still let the RS dangle over the shareholders' heads. So the reason the stock trades at the 0.0001-0.0002 channel could very well be a combination of the pending RS and/or supposed sh0rts.
You must allow the stock to breathe/move to have it at least reflect its current market capitalization and that shouldn't be $1-2 million, I can tell you that.
Cancel the RS and do the RS next year after the stock has a decent market capitalization and has proven itself so it can uplist to a higher tier. One press release on canceling the reverse split or a stock buyback would obliterate sh0rts. They are a non issue. I feel like the RS is rushed like they're expecting this stock to move very high in a short period and uplisting before the end of this year.
RNVA back to tier Pink No Information from Limited. Also two 10-Q's due now, the first one for end March 31st 2020 and the second one for end June 30th 2020.
Whenever the bid/ask is on 0.0002-0.0003 they keep dumping into the bid, taking it down and preventing the stock from running. They want this at these levels and they seem to have hundreds of millions of shares to do it because they have been doing this same thing for weeks already, keeping the stock put, dumping into the bid.
Whoever used CDEL as MM seems to have backed off on the ask @ 0.0003. 93M left on the ask @ 0.0003.
Volume yesterday 586 million, short volume 528 million (90% shorted). No matter what you may think about RNVA, that is not normal.
https://otcshortreport.com/company/rnva
There's a bid now, finally.
TPTW up nearly 32% and RNVA still not allowed to move with this spinoff that's going to be created. It's incredible.
RNVA fell back to tier Pink No Information from Pink Current today. Hopefully they'll post their 10-K this week to become current again.
https://www.otcmarkets.com/stock/rnva/profile
0.0002's will only be nibbled on if they can't get any more 0.0001's. That can only happen if the bid @ 0.0001 builds up to respectable levels or above the ask @ 0.0002 (333 M). The bid @ 0.0001 is too weak (4.8 M) and is taken out regularly by dumps @ 0.0001. The stock needs a real incentive, although after receiving a $7.4 million grant the stock still didn't budge.
From what I've read, before the 2nd reverse split Seamus called the major shareholders to get their agreement for continuing with the 2nd reverse split. It should have ended at two reverse splits. But now, even in the face of a major pandemic in his area (healthcare), Seamus is going to do a 3rd reverse split. What does that tell you about his competence? Why would anyone who got screwed over by Seamus with two reverse splits, trust him now and put money in this stock and be faced with a 3rd impending reverse split? They wouldn't and this is why this stock still sits at 0.0001 even with this new loan they have received with almost 2.5x the market cap of RNVA. Hilarious indeed.
Ok, I must have mistaken and not looked correctly. Nothing new this weekend then, the wait continues.
Gary Blum must be the replacement for Christopher Diamantis who resigned as director. We should get an 8-K on this. This also could mean that the 8-K of February 26th where Diamantis resigned as director is in the final stages of documentation of him getting preferred stock that would provide him with more than 50% of the voting power of the Company’s capital stock.
The biggest loser here is Christopher Diamantis. He invested $22.3 million of his own money to keep Rennova alive with nothing to show for it and getting absolutely nothing in return. $22.3 million about to be flushed down the toilet by a looming 3rd reverse split by the incompetent CEO Seamus Lagan, who can't secure alternative lending for 2 years already.
Doesn't it occur to Christopher Diamantis that Seamus Lagan is not fit to be CEO any longer and must be replaced? I'd be pissed if I invested that much money without seeing any returns. Wake up Christopher!
Seamus Lagan keeps speaking of not being able to raise capital at this level. But, he performed 2 reverse splits already. He wasn't able to raise capital either after those reverse splits. What makes him think that he will be able to raise capital after another reverse split? No one wants to do business with him which is obvious and no company will lend him anything. The only reason there is still a company is because of Diamantis. Seamus Lagan needs to resign and let someone else take over.
Physicians ask Gov. Bill Lee to close nonessential businesses to stop coronavirus spread
https://www.wvlt.tv/content/news/Physicians-ask-Gov-Bill-Lee-to-close-nonessential-businesses-to-fight-coronavirus-spread--569008131.html
Copy of the letter they sent to the governor below:
"March 20, 2020
Governor Lee:
Per the escalating and destructive situation with the COVID-19 pandemic, we humbly ask you to act swiftly on behalf of the citizens of Tennessee. It is our estimation that we have little time to “flatten the curve” on the current situation. China and South Korea have made great progress by imposing restrictive measures. We ask that Tennessee do the same. The replication rate (R0) of COVID-19 is the primary area upon which we can impact this deadly virus. Compared to the annual influenza, COVID-19 is anywhere from 60 to 100% more “efficient” at replicating itself. For instance, on average 10 patients with the influenza will infect 13 individuals. With COVID-19, (R0 of 2.0 to 2.5), those same 10 will infect 20 to 25 individuals if we do nothing. We are many months away from having a vaccine or approved FDA treatment and there is a high likelihood of inadequate hospital and ventilator capacity. According to very conservative estimates 20% of our state’s population will become infected. Based on hospital bed availability in Tennessee, we would surge above hospital and ICU bed capacity by 132% and 298%, respectively. Other estimates predict 40-60% infectivity. This would prove disastrous. The mortality rate of COVID-19 is at minimum 10x, and possibly up to 34x deadlier than seasonal influenza. The incubation time of COVID-19 is up to 14 days, versus only 1 to 4 days with influenza, therefore apparently well individuals already infected will infect numerous people without knowing it. China and South Korea have made great strides by prohibiting travel and closure of non-essential industry and business. We must act with the same level of boldness. We request that effective midnight Sunday, March 22nd that Tennessee declare a shelter in place for 14 days with only essential personnel being deployed during this emergency. We also request a self-quarantine of 14 days for all individuals returning from international and domestic travel.
Thank you for your thoughtful consideration to this urgent matter.
Signed,
Aaron Milstone,MD,FCCP, Pulmonology & Critical Care
Tufik Assad, MD, Pulmonology & Critical Care
Devin Sherman, MD, FCCP Pulmonology & Critical Care
Laura Hunt, MD, FCCP Pulmonology & Critical Care
David Aronoff, MD, Division Chair Vanderbilt Infectious Disease
Richard Lane Past Governor of the Tennessee Chapter of the American College of Physicians
K Michael Smith President Elect of the Tennessee Medical Association
Elise Denneny, MD Governor of the Tennessee Medical Association
Tracey Doering, MD, President of the American College of Physicians
Adele Maurer Lewis, MD, Medical Examiner for the State of Tennessee
And 600 Concerned Physicians from the State of Tennessee"
I thought that this was just a more serious form of flu, but reading that the mortality rate is at least 10x up to 34x the seasonal flu is news to me. Why didn't I read this anywhere else? Now I know why these ICU beds are needed. This is more serious than I thought.