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Thanks...In Texas we think differently than some other places. Texas is also a pro oil business state, so I am also thinking Texas may be involved more in securing some financing as well..possible...more than helping to get money for the rail road updating and the bridge at Mexico border. Oil people are different here than in most places. I have seen booms and busts, but heavy uses will always need the power provided by oil, so it won't go away any time soon. They make make a commercially viable graphene battery system one day, years from now, that may cut into some oil related uses. In the mean time, gasoline will still be out there, and that is why they will start, finish, and expand the refinery at Fort Stockton, imo. They will continue to think big. I do not have a time machine or the ability to see into the future other than having good common sense. I do have a friend I am waiting for to return from West Texas where he is working from Midland in the oil business who will be looking for information for us through family who lives at Fort Stockton and may be moving there himself or to Midland from Uvalde, Texas.
Actually, it is not a scam. It will be 2020 before the pipelines are expanded to the Gulf Coast. I have lived in Texas from Corpus Christi to Beaumont in East Texas and Central and South Texas my entire 70 years. I presently live between the Eagle Ford and the Permien Basin. Not a day goes by that I do not see the oil related trucking and shipping going on on the highways. I have a good solid understanding of the oil business as I need to know. I started working on checking oil drill pipe for cracks back in the 1970s while a college student in South Texas working with my brother's company. I grew up around eight oil wells on Grandma's property and have oil royalty today as well. I have always paid attention to the oil business. My brother even went public on the stock market some years back as Accutest Systems, like Tubescope, but eventually lost control of the company after going public, and the BOD failed to take advantage of the millions in pipe checking contracts in Thialand he had lined up. I read articles every day on oil, and the latest tell the story. Today there is an oil backup situation where they are producing more oil in West Texas than they can pipe to the refineries on the Gulf Coast. Whether one wants to believe it or not, there really is a definite need for MMEX to build the refinery there. Fracking is getting better and better, and they are on the largest oil field formation and may have more oil there than Saudia Arabia does. The US producers can now export oil to the rest of the world. This refinery will be built and expanded as planned.
I live in a rural area of Texas. I just learned last week from a customer that our local little hospital is going to build a larger new hospital...Uvalde, Texas. Now why does a rural hospital build a newer larger hospital? They have reason to do so. This is pertinent to the conversation, but through posting today trying to help you guys know more. Good luck!
I doubt they are scared, but they most likely bought a lot lower and are taking a Friday profit. That is my opinion, as RNVA has a plan and most likely will just keep going up. There is no catalyst out to "scare" traders that I know of.
nah, I dwell on the present filings...(like no share converting until 2019....1 1/2 years..yes 1 1/2 years from now and cash on hand since May 21st) Those old filings were then and this is now...go RNVA!
One can't try to do DD using only partial information, by omission, on the article you just posted. I thank you for that article, so I posted the parts that were omitted that were from RNVA's viewpoint....the buyer of the hospital.
CHS focuses more attention on their larger hospitals, not the ones they're divesting, he said. "The focus that's required, the management that's required to make these smaller hospitals run efficiently and work well, they can get a much better return from that same effort being expended on a larger facility," Lagan said.
Rennova CEO Seamus Lagan told Modern Healthcare in an interview that acquiring the hospital to alter lab reimbursements is "absolutely" not his intention in purchasing Tennova Healthcare-Jamestown. He added that he's aware of the such arrangements, but said this is not one of them.
"That is not an area we have any interest in pursuing or looking at," he said. "We see these hospitals as a good little business on their own with increasing the services that are required by the local community and absolutely without the need to get into any complicated or convoluted agreements with far-away companies."
Lagan said he believes Rennova can turn around the hospital's financial performance, and even "make a little profit," by giving the hospital the changes and investments it needs to thrive, including potentially upgrading equipment and providing additional services. CHS focuses more attention on their larger hospitals, not the ones they're divesting, he said. "The focus that's required, the management that's required to make these smaller hospitals run efficiently and work well, they can get a much better return from that same effort being expended on a larger facility," Lagan said.
https://www.facebook.com/vanvuongvideos/videos/102598263648153/
One day soon, this will be MMEX on steroids before any pullback. My last post allowed today! enjoy and save!! :
with 69,000,000 million shares traded today, a 800K sell is nothing
I did! I did!...great trading going on...lots of volume too
What was that! Did I just see that??? Thought I saw .0064
What the boom does have to do with is the June 1st desire to have financing announcement we saw stated in a past Executive summary from Hanks and what we are seeing in today's PDF.
9,855,941 million share print 15 min ago of market maker made some big impressions I bet 9,855,941 million!
great information....I also have run into a gentleman who works from Midland in the oil business and has a son-in-law and daughter who live in Fort Stockton. Last weekend I met him here in Uvalde at his house, that he is preparing to sell, to help remove some honey bees. After seeing the bees had moved on elsewhere and were not in his house eves, he wanted to pay me for my time. I refused money but reminded him to just get me all the information he could from his daughter on MMEX. Eventually, I plan to get the phone number to speak directly to his daughter's husband. The gentleman and I had discussed MMEX two weeks ago, but his oil field work from Midland kept him too busy to stop in Fort Stockton to visit his daughter. I look forward to being able to share some info from that area also when he gets back there in Fort Stockton to visits. I think he is moving to that area when he sells this house here in Uvalde, Texas. He knew his daughter and her husband were very familiar with MMEX and had discussed MMEX with her dad. He just did not pay attention to all they told him.
I did send an e-mail request to a gentleman at Magellan asking for a copy or a link, if possible, of their proposed expansion to their system in West Texas and if it would be going near or north of Fort Stockton where the MMEX refinery will be located. Will see what, if any response, the guy sends me.
ok, if I can see them, I will
Driver Pipeline Opens West Texas Division in Abilene, TX, Expanding Presence In Permian Basin
by Driver Pipeline Company, Inc. | May 24, 2013
Driver Pipeline, one of the country’s most successful pipeline construction companies, headquartered in Dallas, Texas, announced that it has established a new West Texas Division office in Abilene, Texas. The new Division, the seventh in Driver Pipeline’s expanding business model, will support business opportunities being created by new and existing oil and gas clients throughout the Permian Basin.
In making the announcement, Kevin Farley, Senior Vice President of Driver Pipeline, said, “The Permian Basin is one of the great oil and gas fields in the world. Many of our great customers have called it home for many years. Frankly, it’s time we put down some permanent roots in West Texas. The opportunities from both new and existing clients are already there, and it’s time we turn those opportunities into business.”
Managing the new Division is pipeline veteran Ronny Melton who joined Driver in 2011. Melton actually began his career in the Permian Basin as an operator eventually working his way to Foreman and then Superintendent. He also has extensive experience in the area of compressor and meter stations as well as liquid and natural gas pipelines. He knows the territory, the people and he’s excited to be part of Driver’s expansion into the Permian Basin.
Mike Norris, Director of Business Development, also noted that Driver Pipeline is already working in the Permian Basin, “We build and maintain oil and gas pipelines and stations throughout the Southwest. The Permian Basin is full of opportunities and establishing a permanent Division office in Abilene just makes sense. We’re excited to be in Abilene and look forward to becoming part of the community. ”
With the addition of the new West Texas, Abilene Division, Driver Pipeline now has seven major facilities including their 30-acre corporate headquarters located in Irving, Texas, as well as several equipment support sites throughout the Southwest. The Divisional locations including the new West Texas Division in Abilene, TX, are the Fort Worth, Division Office in Fort Worth, TX, the Gulf Coast Regional Office in Pearland, TX, the Freeport Office in Freeport, TX, the Eagle-Ford Division Office in San Antonio, TX, and the Eastern Division Office in Hattiesburg, Mississippi.
Magellan proposes Texas expansion of US refined products pipeline
Houston (Platts)--9 Mar 2018 1200 pm EST/1700 GMT
Magellan Midstream Partners is considering expanding its refined products pipeline leg in Texas, the company said Friday.
The Oklahoma-based transportation and distribution company is launching an open season to gain feedback from customers, and requires interested parties to submit binding commitments for shipping product on the new leg by 5 pm CST May 9, 2018, according to the announcement.
If the western leg of the pipeline is expanded, Magellan would be able to more easily supply hubs in west Texas such as Abilene, Midland and El Paso from refineries on the Gulf Coast. The proposed expansion would also increase access to New Mexico, Arizona and Mexico through connections to existing infrastructure.
The pipeline currently transports 100,000 b/d of refined products and an expansion would increase that capacity to 140,000 b/d.
The company expects the pipeline expansion to be operational by mid-2020 if the project is begun.
The Magellan pipeline system connects the Gulf Coast region to markets in the Midwest through its Central system, and to Texas, New Mexico, Arizona and Mexico in its South system.
Just added another 1/3 million shares and MMEX is looking good. CDEL only has 457,000 more shares to sell, so expecting next move up after those are gone I do not see CDEL hiding any shares at this time
YES, they do HAVE the money in hand..They have possession of the new hospital acquisition in a few days AND... Yes, they do HAVE the money "in hand" for planning purposes...they get the money in hand by trading the shares they traded with the TWO institutional investors, not you and me. Those shares WILL NOT convert for another 1 1/2 years. This is what the 8K showed to those who have seen it on the OTC filings page.
They are NOT converting any of those 8K shares, because they are restricted until SEPTEMBER, 2019....that is 1 1/2 years from now. Handing the investor or investors the shares in trade for cash is merely a formality and is probably already completed if the closing took place already on MAY 21st as expected.
1st agreement:
Under the Issuance Agreements, the Company will issue $1,240,000 aggregate principal amount of Senior Secured Original Issue Discount Convertible Debentures due September 19, 2019 (the “Debentures”) and will receive proceeds of $1,000,000. The closing of the offering is expected to occur on May 14, 2018, subject to customary closing conditions.
2nd agreement:
Under the Issuance Agreements, the Company will issue $2,480,000 aggregate principal amount of Senior Secured Original Issue Discount Convertible Debentures due September 19, 2019 (the “Debentures”) and will receive proceeds of $2,000,000. The closing of the offering is expected to occur on May 21, 2018, subject to customary closing conditions.
So yes, if they closed on MAY 21st as they expected in this 8K filing, then they already have the cash to use as they see fit.
On some matters, Congressman Hurd has good ideas, but on others his decision making is questionable. He represents my district in Washington D.C. That does not make him real significant to MMEX's success or not. More importantly to us is the State of Texas, and they are behind us.
Carjockey2, thanks! Everyone needs to remember, if you already have not, that June 1st was the proposed deadline to announce financing...at least they had that expectation. Oil is still backing up in West Texas, because of limited oil pipeline distribution available to the Gulf Coast. I read yesterday where one company, I think it was Magellan or some other, was going to expand the pipeline network from West Texas....We really need this refinery in West Texas.
I used to own ICLD but was looking to see how many reverse splits it has had since I exited. I know it was never .58 cents so I guess I could divide by 100 when they had the last RS to see what the share price was then at that time in February 2018. In February the price/share was approximately .0098, and they multiplied that price/share by 100 for the RS. That is why it showed .98 cents as price in February right after the RS
Links to the $3,000,000 cash:
#1. this one was this week in MAY (this is the 2nd quarter)concerning the $2,000,000
https://backend.otcmarkets.com/otcapi/company/sec-filings/12768414/content/html
#2. this one was the 8K previously posted on OTC concerning the $1,000,000
https://backend.otcmarkets.com/otcapi/company/sec-filings/12750697/content/html
On the OTC page you can look at any time to see 8Ks posted. These are filings that have to be truthful and correct. Last year's 10K has nothing to do with this years filings at this point. If you look at these links, you can see the money RNVA has in hand now, and the last 8K says no conversions until SEPT 2019...a year and half from now...not this year.
you are correct...no point...I also am looking forward to June 1st hospital take over
It does not look like RNVA is going bankrupt
let's see...they do have $3,000,000 cash on hand ....right? They do have a court agreement that they are owed $10,000,000 by CGNA for testing fees where RNVA has already preformed...right? They can do a lot with $3,000,000 now , especially when the shares on that money do not convert for another 1 1/2 years and they can do more with the $10,000,000 later
I would agree except BLNK infrastructure can adapt as the market demands changing as well. They can sell home charging if the opportunity demands I feel sure.
I know one thing for sure...we need this refinery in West Texas. Oil is backing up in West Texas, because it can't all be shipped to the Gulf Coast for refining or shipping out of the country as crude.
"A lot of oil is backing up in West Texas where there aren't enough pipelines to get all the oil to market."
https://www.otcmarkets.com/corporate-services/company-directory
You can type in the symbol
READ my last post, and you will get it
oil is backing up in West Texas where there aren't enough pipelines to get all the oil to market.
"U.S. oil producers that can get their oil to the Gulf Coast to be loaded onto tankers are reaping the benefits. Pioneer Natural Resources Co ., for example, told investors recently that 95% of its West Texas production flows toward refineries and export facilities at the Gulf, where it fetches prices linked to Brent. That added $16 million to its cash flow in the first quarter."
But others aren't so lucky: A lot of oil is backing up in West Texas where there aren't enough pipelines to get all the oil to market.
-------------------------------------------------
Trans-Atlantic Oil-Price Spread Soars as Supply Glut Disappears; Divergence is a sign of how stretched global supplies have become even as U.S. output has marched higher
Some analysts said Brent's push higher may be a signal that U.S. oil can't fill the void in the global oil market quickly enough.
Trans-Atlantic Oil-Price Spread Soars as Supply Glut Disappears; Divergence is a sign of how stretched global supplies have become even as U.S. output has marched higher
Today 1:48 PM ET Editor's PicksPrint
U.S. oil prices are lagging behind global oil prices climbing toward $80 a barrel, the latest sign of a market that has gone from glutted to exceptionally tight in the past year.
U.S. oil futures are trailing Brent, the global benchmark, by more than $7 a barrel, settling at $71.28 a barrel on Friday. The two oil benchmarks are further apart than they have been since 2015, before U.S. crude could be freely exported.
The divergence is a sign of how stretched global oil supplies have become even as U.S. output has marched higher, overtaking Saudi Arabia and rivaling Russia. That has contributed to soaring U.S. exports, which have hit a record of nearly 2.6 million barrels a day as users clamor.
"The market is screaming right now, 'We need every barrel we can get,' " said Phil Flynn , an analyst at the Price Futures Group.
Both benchmarks have been on a tear lately. The Organization of the Petroleum Exporting Countries and its allies have been holding oil off the market for more than a year, and demand has surged as the global economy roared to life. Unexpected disruptions, like plunging oil output from Venezuela, have tightened supplies even further. A glut of oil that held prices down for years is essentially gone.
Higher oil prices are starting to boost inflation and some worry that they will rein in the pace of economic growth, cutting into disposable income. U.S. gasoline prices have climbed to $2.92 a gallon on average, and are already more than $3 in several states. Companies like Walmart Inc . have warned that higher fuel prices are starting to threaten margins.
The political jockeying over higher oil prices has begun. President Donald Trump has pointed the finger at OPEC , blaming the cartel for "artificially Very High" prices in a tweet in April. Sen. Ed Markey (D., Mass.) has said Mr. Trump's foreign policy is driving prices higher and is calling to reinstate the oil-export ban, which was lifted in 2015.
"Rather than sending American crude oil abroad to benefit Big Oil's bottom line and foreign nations such as China, it should be kept here to help insulate consumers from geopolitical uncertainty and benefit American families," a report released by his office on Monday says.
Some economists have argued that shipping oil abroad wouldn't contribute to higher prices at the pump. Retail fuel prices have historically been more closely tied to the world benchmark rather than the national one, since gasoline is exported.
Lately, Brent has been pulling ahead of West Texas Intermediate, the U.S. benchmark. Tensions in the Middle East and anticipation that renewed sanctions will crimp Iran's oil exports are having an outsize impact on global prices.
Investors are betting that markets in Europe and Asia would be first to feel the impact from any disruption while the U.S. market will remain well supplied. U.S. crude production has surged to 10.7 million barrels a day, its highest level ever. That is contributing to the local price malaise.
J. Alexander Blackman, an executive at Standard Delta, a Houston based energy company, said he thinks the spread could soon widen to $10 a barrel for the first time in three years.
"It's a function of U.S. oversupply and OPEC policy," he said.
The difference between U.S. and global oil prices is a key factor in determining when it is profitable to load oil onto tankers and ship it abroad. A wider price spread makes longer, more costly journeys to far-flung markets more worthwhile. Analysts expect exports to keep climbing as long as the price difference is flashing a green light.
U.S. oil producers that can get their oil to the Gulf Coast to be loaded onto tankers are reaping the benefits. Pioneer Natural Resources Co ., for example, told investors recently that 95% of its West Texas production flows toward refineries and export facilities at the Gulf, where it fetches prices linked to Brent. That added $16 million to its cash flow in the first quarter.
But others aren't so lucky: A lot of oil is backing up in West Texas where there aren't enough pipelines to get all the oil to market.
Some analysts said Brent's push higher may be a signal that U.S. oil can't fill the void in the global oil market quickly enough.
I personally do not think what anyone of us here says is going to make any difference what so ever as to what the company, MHHC, does or does not do from here. They probably have us on "ignore" anyway.
If MHHC can just get up to date on all filings, I will just look at this as a new company with a new start, and it certainly will have better chances of being a successful company than with when Will MuCusker was in charge.
Good Morning...as things stabilize, we will see things start happening, IMO. Hope you have a great day!
"Money on the hip, lubricates the lip"...means they have cash to operate
(END) Dow Jones Newswires
May 21, 2018 08:31 ET (12:31 GMT)
Have a great weekend, everyone! Next week will be better, imo. Got interrupted by phone calls and did not get respond to all in private messages today. June 1st is very very close...just 13 days left for acquisition and closing of hospital! RNVA!!!
I agree you see what I see. I am seeing things on the charts, especially the 10 day chart, that make me think next week will be really a good week, especially by Friday One of the main things is rising accumulation.
...sent you private message
Looking forward to the 10Q from now through Monday. Usually, they show up in 5 days after the NT filing we already saw this week, or sooner
just looks like profit taking to me. I know some will say it was filling the gaps, but if you watched premarket trading when those "gaps" show on charts, they traded upward for 2 1/2 hours normally. How come those prints never show up in a chart anyway...just curious, as there were really no gaps created that are showing up on the last week's charts
https://www.barchart.com/stocks/quotes/DIRV/opinion Yes, you are correct. Why would anyone make up something that was so untrue? Everyone knows 10Q coming very shortly and maybe even today. We know it would have never suggested 98% sell yesterday. That is why I said earlier that BarChart is not always correct, but did not think anyone would make it up like that.