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Oh yea, been watching FNMA lately. May become a fallback light; during market dark times. It seems it's actually bottomed, while the market hasn't.
http://schrts.co/qobc3L
Just food for thought!
I'm looking at a possible buck & a quarter, 1st resistance break, for a starter position. Depending on volumes.
QUESTION?
So who's buying 3.5 mil a day since reverse split walkdown? If it's dumb retail, this has to STOP. Buying insider conversions only begets more.
Price should stabilize with low volumes. DA !!! When will the light bulb come on? You can't average down with 400 mil + debit conversions available and coming.
Starve a cold / feed a fever.
Bang there goes the neighborhood, as expected. (link back)
The 1 week (finally I'm happy) market, double bottom pattern is gone.
Can a guy get a break? LOL
Hold so many stocks now to rebalance, going to hurt, if I head to the sidelines. And I; want too / should.
IMO the word is "sidelines" till next year. Maybe some FAS/FAZ day trading though.
Possible ground floor stock just found.
RELI Empty shell buyout several weeks ago.
Turning into a REIT, by big guy !!! has already gotten (3) 9% personal investors.
Do your research.
OLD educational posts on trading my style. Worth a read for all.
Thought you may be interested.
I'm working on next years personal business plan right now. Had a weak year, so next, will up my risk level as to portfolio portions. LOL
Have a business plan setup;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=70279871
Determine where to trade swing trade portion of business plan
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=47725860
Swing trade position sizing for goal evaluation
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=71325219
With the FIBs overlay, you watch the retrace until the first bounce day. Depending on the turn around point, this "Rule of thumb applies" in choosing stocks for future movement.
FIBS, I use it frequently!
If price retrace bounces from
38%; expect previous high taken out.
50%; expect previous high reached.
61%; expect only to 50% come back
from below 61%; a bounce should reach 38% FIBs line.
If any bounce doesn't reach expected targets, in 3 days, it's dead! All are short term expectations except a bounce @ above the 38% FIBs line. That one calls for top resistance break and possible continuation move.
LOL Actually closed NAT 1 day after my post and TNK the next. Both hit my 2 weeks hold time limits, LOL both sold the day before retrace. 2 lucky swing trades, after several losses the last month.
$RUI $RUT & $SPX (including FAS) all have showed exhaustion today, with the gap up on reduced volume. Therefore I don't expect the double bottoms in them, to continue without another retrace first.
How far the FIBs retrace goes, shouldn't be called before. It is used to judge size of expected retrace bounce after.
But specifically your $RUT chart is more positive (TIGHT / no gaps) then the others. So the retrace bounce should be slightly sooner then the others.
$SPX,FAS & the Russell 1000 have larger gap ups today, showing more emotion. Normally resulting in a more emotional retrace.
IMO today just popoo'd the Christmas rally somewhat. And 2820 spx break looks delayed if at all now.
$SPX http://schrts.co/uLxTmB
$RUI http://schrts.co/eDoYUb
$RUT http://schrts.co/njmm4y
FAS http://schrts.co/XE9UHN
By the way, my oil tanker play NAT & TNK have finally started to move.
The S&P officially created a double bottom pattern, with the upward cross of the FIBs retrace 50% line, today. Conformation of a bull market comeback is when top resistance of 2815 is crossed on increasing volume. DB S&P target is $2990, for a new market high. Merry Christmas ???
Sorry
There is absolutely NO way to predict or project price after a lightning strike.
I filed a complaint with Finra the day of reverse split. No return feed back to date.
TANKS
When stuck, one need to understand and plan. Research is the only way to understand so one can plan. Just saying there is still hope. For those of us that take a partial tax loss EOY and hold long & weak with the balance next year. LOL
YEP. I'm speaking how a bunch of smart big guys have begged, borrowed, and Stoll their way toward business goals successfully.
I'm speaking of leverage, contacts, relationships, strong management team and planning.
I'm speaking of being forced to be long in a stinky pinky. And then evaluating the odds of getting even, in the future.
With all due respect....
Has Insiders & preferred shareholders received the same ownership losses? And will they continue too?
Has anyone heard of Community Hospital Corp. ???
Has anyone done homework on the hospital assets being acquired. ???
Does anyone know Rennova Health Inc., long term business plan. ???
Does anyone understand how a company buys up failed or failing hospitals and increases revenues in several months. ???
Does anyone know how joining a "supply trust" of a large non profit helps bottom line. ???
Does anyone know why warrants @ 21 cent average & the reverse split on the books, both run out Sept. 2019. ???
Can anyone see past their nose?
The form D sold new shares for IMO needed cash to close new hospital.
Long good, imo
It's not about the new hospital but the new dilution. The new hospital will show business plan execution. (great) How they keep getting retail to buy their continued debit conversion is the question.
as of November 9, 2018 shares
Convertible debt 269,272,606
Convertible preferred stock 194,943,417
Total; 464,216,000[/quote]
AND NOW WE SEE THE MANAGEMENT CONTINUE TO DILUDE, $1,240,000 cash just raised in todays form D.
And who the hell has been buying the above 11.4 mil, volume between .025 & .01 cents, traded the last 7 days ????
I continue to be unable to understand the logic of what is happening. These numbers are not only hurting retail, but company management !!! And unless angle investors are converting below .01 post split, they are also cutting their own necks.
The entire mystery is what are the conversion price levels. ??? Lets say 50% below 10 days average daily value of .0175, or .009 cents.
That adds 138 mil to OS for $1.24 mil cash in todays form D.
7 day post split volume 11.4 mil. Someone tell me how they expect to continue selling 127 mil; to completely hate filled retail unless a run drags their greed back in ???
1.11 Owned Personal Property FMV. Within three (3) days of the date of this Agreement, Buyer and Sellers shall engage PYA to determine the current fair market value of the Owned Personal Property. The costs of such appraisal shall be shared equally by Buyer and Sellers. Buyer and Sellers agree that the value of any personal property leased to Sellers under the Hospital Lease or any operating lease shall not be included in the fair market value of the Owned Personal Property. Notwithstanding anything herein to the contrary, if the PYA appraisal determines that the current fair market value of the Owned Personal Property is (i) less than $1,540,000, then for purposes of calculating the Purchase Price pursuant to Section 1.5, the current fair market value of the Owned Personal Property shall be deemed to be $1,540,000, and (ii) greater than $1,940,000, then for purposes of calculating the Purchase Price pursuant to Section 1.5, the current fair market value of the Owned Personal Property shall be deemed to be $1,940,000. If the PYA appraisal referenced above determines that the current fair market value of the Owned Personal Property is less than $1,540,000, then Buyer may terminate this Agreement by written notice to Sellers delivered within ten (10) business days following Buyer’s receipt of the PYA appraisal.
2.1 Closing. Subject to the satisfaction or waiver by the appropriate party of all of the conditions precedent to Closing specified in Sections 7 and 8 hereof, the consummation of the transactions contemplated by and described in this Agreement (the “Closing”) shall take place on February 1, 2019, provided that if such conditions precedent are not satisfied by February 1, 2019, Closing shall occur on the earlier of (i) ten (10) days after all such conditions have been satisfied, or (ii) the first day of the first month after such conditions are met, or on such other date or at such other location as the parties may mutually designate in writing (the date of consummation is referred to herein as the “Closing Date”). The Closing shall be effective as of 12:00:01 a.m., local time, on the Closing Date, or such other time as the parties may mutually designate in writing (such time, the “Effective Time”).
Todays form D just raised $1.24 mil
Holy shit; their buying another hospital. The form D raised $1.24 mil cash !!
This site can help answer many of one's questions about the stock market.
Stock symbols; scroll down for addon letters
https://www.investopedia.com/terms/s/stocksymbol.asp
The D is placed on a stock that is either a new issue or had a stock split of an existing stock. Normally removed 20 days after new listing. Has zero meaning toward sentiment, price direction, or stock value.
Your barking up the wrong tree.
Of the 1.7b of dilution possible, 1.3b is warrants with .21c ave exercise strike price. NOT happening unless we have a GREAT run. LOL
So add;
Convertible debt 269,272,606
Convertible preferred stock 194,943,417
That's 464,216,023 shares possible to come to market if completely cleaning toxic debt continues. with 15,291,866 Nov 9 OS
OS from 10Q ! Does anyone read these things?
The following table presents the dilutive effect of our various potential common shares as of September 30, 2018:
September 30, 2018
Common shares outstanding 7,365,881
Dilutive potential shares:
Stock options 77
Warrants 463,449,767
Convertible debt 214,222,493
Convertible preferred stock 68,344,495
Total dilutive potential common shares, including outstanding common stock 753,382,713
The following table presents the dilutive effect of our various potential common shares as of November 9, 2018:
November9, 2018
Common shares outstanding 15,291,866
Dilutive potential shares:
Stock options 77
Warrants 1,318,592,863
Convertible debt 269,272,606
Convertible preferred stock 194,943,417
Total dilutive potential common shares, including outstanding common stock 1,798,100,829
Can you give me a link to SABBY's present RNVA holdings. I couldn't find that when I looked here before?
Would love to unmask RNVA's angle investor.
https://www.nasdaq.com/quotes/institutional-portfolio/sabby-management-llc-871441
https://www.bing.com/search?q=sabby+management+llc&FORM=QSRE6
A post written for the RNVA board I decided was useless there.
RNVA
To learn from one's mistakes they need to do some deep research to understand. This one is really really hard. Mainly because of the extent Sebastien Sainsbury had to give to raise cash. And the knowledge he had to show only what's needed behind the corporate curtain.
The constant reissuance of the first debenture for more and more needed cash was only wise (acceptable) if he could show the CEO an escape plan.
Wish I understood this, before I started averaging down on previous 10Q's, which hid (left out) much of what was available in this 10Q.
IMO the goal was/is for the CEO to build a chain of rural hospitals @ rock bottom prices.
I have no bad felling about my large paper loss, because I knew better, in the first place, not to do that. But Previous 10Q info showed only enough to pass the pink disclosure standards. And I just didn't understand the escape plan. I kept saying this move makes no sense and that move made NO sense. Insiders are hurting themselves. Da ! They didn't care, they had and were working a long term plan.
IMO yes we will see more dilution. Why because it's possible and funder love their ROI. And RNVA wants a chain not pair. More funding to come if new opportunity comes.
The thing I'm looking for now, is step 3 maybe 4 of Sebastien Sainsbury plan. He's going to need new blood to delude further. And new blood comes from climbs like the last one to 3c. Not walking price down after a RS.
So I'm looking for several things, of which is a free trading price for a while and maybe within a month or so, lowering the A/S.
From the numbers I saw in this Q the A/S is 5 time larger then needed. And to hype new blood, NO dilution (free trading stock) and lower A/S is what I expect.
I like the research I've done on the management team. Think the CEO has a turn around mindset with that and so far it is working. He's gotten failing hospitals and turning them around. So long term, I have less concern and short I'll be swing trading around a core position.
If I see continued dilution, mention of farther funding or finding a 3rd takeover hospital. This babble is mute! Because once again, what I'm seeing makes NO sense. LOL
Good luck to all! Keep in mind this is one persons opinion only. And we all know what opinions are worth !!!
Ps; wish this 10Q had a breakdown of managements post split stock positions, seen in many 10Q's.
Now that you mentioned that. I guess I'll tell the board who to hate on, It's not the CEO. This guy is a business genius.
-----------------------------------------------------------------
Here's the board member orchestrating funding IMO, not the CEO. So he's the one you should be blaming for getting the CEO cash he needed to buy the second hospital and ruin the financials.
Can't find how many shares owned yet!
Sebastien Sainsbury brings over 25 years' experience in investment banking and wealth management with Bankers Trust Co., Lehman Brothers, USB AG Private Bank and was appointed to the AIG International Ltd. Board of Directors. Mr. Sainsbury has been regulated in the United Kingdom by the FSA/SFA and has been a seed investor and board member in startup companies ranging from food manufacturing and distribution to software development since 2002. Mr. Sainsbury heads investment development and public relations for the corporation. Mr. Sainsbury holds a Master's degree in Business Administration from INSEAD.
Chief Executive Officer of Platinum Financial Solutions, Ltd. (Nassau, Bahamas)
My point exactly.
This has become a long term investment for one's loss based core position. And now continues to be a swing trade opportunity, with a low float stock. 2 different mindsets needed.
Slap the ask !
Trading the OTC is all in the numbers. Not the expectations. Plan the trade and trade the plan.
Yep my holdings showed a 14.68% gain. up over $300. Last time I saw a gain was when I sold .0002 @ the .0004 pop, mid Oct.
Actually there is another reverse split available. Just like there are 1.3 bil warrant shares available @ an average exercise price of 21 cents. Did you read the 10q? Both the warrants and reverse split have a Sept 2019 deadline. This is called corporate planning.
IMO there is just as much chance for the 1/10,000 split, as the warrant exercise @.021
Just a thought to all who was averaging down during the NO bid, buying up the 3.9 bil dilution only sale at .0001.
Then you were paying $1,000 for 10 mil. or 20k post split. Now you can get that much for $500 @ .025. Plus now you have an opportunity to sell higher, you didn't have then.
So post split you actually have and opportunity you didn't have. You guys just bought 3.9 bil of (Sept 30 to Nov. 9) .0001 dilution and now aren't slapping the ask at 50% cheaper cost of .00005 (pre split)
Want a climb. Get back into your buy the .0001 mind set and slap the ask. LOL
Things (prices) will move a lot quicker with 15 mil OS.
Anyone wondering what happened during NO BID @ RNVA
Some personal observations and possible conclusions.
The following table presents the dilutive effect of our various potential common shares as of September 30, 2018:
September 30, 2018
Common shares outstanding 7,365,881
Dilutive potential shares:
Stock options 77
Warrants 463,449,767
Convertible debt 214,222,493
Convertible preferred stock 68,344,495
Total dilutive potential common shares, including outstanding common stock 753,382,713
The following table presents the dilutive effect of our various potential common shares as of November 9, 2018:
November9, 2018
Common shares outstanding 15,291,866
Dilutive potential shares:
Stock options 77
Warrants 1,318,592,863
Convertible debt 269,272,606
Convertible preferred stock 194,943,417
Total dilutive potential common shares, including outstanding common stock 1,798,100,829
7,925,985 difference X 500 =
3,962,992,500 share difference (pre split) from Sept 30 to Nov9, reported in this 10Q.
What everyone has been buying at .0001. LOL
Volumes seen from no bit to split = 3,526,500,000
I counted trade volumes from chart.
One for the first things I looked for. Hum as with our conversation last night. This makes no sense either? Do you know if they use Black-Schole formula to determine true value ? I just can't see how the derivatives could be that much. But there it is in the 10Q. page 4 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Change in fair value of derivative instruments 109,305,331
WOW
Ps, Net revenues $ 5,039,112 top of page 4
The other thing I had interest in was how much dilution is out there from their debenture debit Stock options Warrants Convertible debt Convertible preferred stock and what the warrant prices are.
So the dilutive effect of their various potential common shares (Above) as of November 9, 2018: is 1,798,100,829. from the bottom of page 36. With 1,318,592,863 of that from warrants. With an A/S of 10,000,000,000 there is no problem handling a complete cleaning of debit. Ps; found the par value change happened during the A/S increase from 3 bil to 10 bil. That question answered !! LOL
But as shown below to clean the larges concern (warrants) the stock price would need to be at least 21 cents from the info I found below.
Now on page 25 at the bottom, the average exercise price for warrants is .21 cents. after split pricing Sept 2018. Thus little concern of dilution from warrants in the near future!
This seems to look like your expectations may come to be. (long term company growth & success). But there is still a possibility of farther price fall due to dilution in other areas then warrants before we see and price climb from insider help.
I really don't get how someone/entity stole 20% of my cash this morning. I never received 5 cents per share. Not for 1 second. Market opened @ 4 cents. I did receive 1/500th of my stock.
With all my years of experience, RNVA continues to be a major wonderment to me. Not only did company PAR value change from .01 to .0001, with NO filing or announcement, but now it reverse splits 1 for 500 @ .0001 and opens @ .04 ??
How the hell does this shit happen? NEVER saw this kind of stuff before and I'm no newbie to reverse splits on the OTC.
ouch oil down 6% thus TNK down. unexpected still like the play though it's just 1 day.
LOL I just closed 20k.