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JUST CALL THE HOSPITAL AND ASK FOR THEIR OWNERS,SMOKE WILL BE CLEARED.
THEY DID NOT STATE THAT THEY ACQUIRED THE HOSPITAL, THEY JUST MENTIONED THAT "THEY RECENTLY ANNOUNCED ACQUISITION" ..ie...JAN 31 2018 PRESS RELEASE THAT THEY HAD A DEFINITIVE AGREEMENT TO CLOSE THE ACQUISITION IN THE 2ND QUARTER.
THEY CANCELLED THE MEETING, NOT OPENING MOUTH ON THE STATUS OF THE HOSPITAL ACQUISITION.
THE HOSPITAL NUMBER
https://www.tennova.com/tennova-healthcare-jamestown
Tennova Healthcare - Jamestown
Avg ER Wait:5min
436 W Central Ave
Jamestown, TN 38556
(931) 752-5762
---------
STILL UNDER TENNOVA NOT A GOOD PICTURE FOR TOMORROW IMO.
LOOKS LIKE CLOSING IS POSTPONED.IF THEY HAD TO START THE HOSPITAL TODAY, THEY COULD HAVE RELEASED A PR ATLEAST YESTERDAY.
JAMESTOWN HOSPITAL IS STILL TENNOVA?
STEALING YOUR SHARES BEFORE THE BIG ANNOUNCEMENT
ONLY 214 TRADES SOFAR
ALL BOD OWNS 9% + 6% = 15%
LOL - 10K/A SHOWS INSIDER HOLDINGS OF COMMON SHARES
https://www.sec.gov/Archives/edgar/data/931059/000149315218005985/form10-ka.htm#b_003
Same old bunch rinse and repeat - NOW IN REPEAT MODE
WeWork IS NOT JLABS, ITS A SINGLE COMPUTER OFFICE SPACE.
NEW BEGINNING(s) SOON
ABOUT TIME TO GET IN AND BE FORTUNATE, JMO.
LAST PHASE OF THE TURN AROUND.
2ND HOSPITAL ACQUISITION MAY 1st
BIDSMAKER1 NICE POST AND TRUE
RNVA SHOULD DRAMATICALLY IMPROVE TO GET APPROVAL FOR A/S.IF THE SHARE PRICE INCREASES SIGNIFICANTLY, THERE IS NO NEED OF RS.
ADDITIONAL REVENUES AND CASH FLOWS - REVENUE RECOGNITION POLICY
The Company also announced that Big South Fork Medical Center received CMS regional office licensure approval and provided services to 3,747 patients and recognized approximately $1.8 million of net revenues during the second half of 2017. In addition, on January 31, 2018, the Company announced that it had entered into a definitive asset purchase agreement to acquire an acute care hospital in Jamestown, Tennessee known as Tennova Healthcare – Jamestown. Management determined that because Big South Fork Medical Center was reopened after being closed and contracts with payers had to be negotiated and implemented during the first months of operation, they would recognize a 20% collection rate for the period to December 31, 2017 until there was adequate collection history to analyze and confirm anticipated collections. The Company may amend its current revenue recognition policy and percentage for the hospitals when payments are received to support amended revenue recognition methodologies. Therefore, the Company expects that these hospitals will continue to provide additional revenue and cash flow sources.
The protective covenants in the various agreements combined with the Company’s current inability to issue new shares of common stock and nonpayment of certain liabilities means that $12.4 million that might otherwise be treated as equity have been treated as derivative liabilities and had the relative effect applied to the Company’s financial statements including the profit and loss and balance sheet.
I FOLLOW THE INSIDERS HOLDING AROUND 15% AROUND 72 MILLION SHARES.
2018 IS THE START FOR THIS COMPANY - WHICH COMPANY GENERATES $40 MILLION A YEAR IN OTC?.I BOUGHT EVERYTHING I COULD WITH MY IRA ACCOUNTS TOO.IF THE COMPANY GET RID OF WHAT THEY MENTIONED ABOUT DERIVATIVES, THAT WOULD BE GREAT.PATIENCE PAYS ESPECIALLY WITH THIS COMPANY IMO.
KOSZE GOOD POST.I AGREE WITH THE POST.I DID NOT EXPECT MIRACLES FROM 10-K.
BY 3RD QUARTER, WE SHOULD BE ABLE TO SEE THE FULL POTENTIAL OF THE TWO HOSPITALS.
ACQUISITION OF 2ND HOSPITAL WHICH COULD GENERATE REVENUES OF 3 TO 4 MILLION IS A BIG THING FOR THIS COMPANY.
WHERE IS THE ACCOMPANYING PRESS RELEASE AS STATED IN THE PRESS RELEASE ISSUED ON 4/19?
OPERATING LOSS STARTED TO DECLINE
Our operating loss decreased to $16.1 million for the year ended December 31, 2017 compared to $22.5 million for the year ended December 31, 2016. The decrease is mainly due to decrease in bad debt charge of $0.5 million, a decrease in impairment charges in the amount of $1.0 million, a decrease in general and administrative expenses of $1.6 million, a decrease in sales and marketing expenses in the amount of $1.0 million, a decrease in direct costs of revenue in the amount of $0.3 million, and a decrease in depreciation expenses of $0.7 million, partially offset by the $1.3 million increase in net revenues for the year
VERY IMPORTANT TO READ THIS FROM 10-K
We believe that the addition of Rural hospitals to our business model offers a more predictable and contracted stable revenue base, as well as the potential for significant synergistic opportunities with our Clinical Laboratory Operations business segment. Rural hospitals provide a much-needed service to their local community and reduce our reliance on commission based sales employees to generate sales. We currently operate one hospital and the acquisition of the recently announced second, larger hospital in the same geographic location should create numerous efficiencies in purchasing, staffing and provision of needed services to the local community. We are confident that this is a sustainable model we can continue to grow through acquisition and development and believe that we can benefit from the compliance and IT and software capabilities we already have in place. We believe that a successful spin off the Company’s wholly-owned subsidiaries, Advanced Molecular Services Group, Inc. and Health Technology Solutions, Inc. as one or two independent publicly traded companies by way of tax-free distributions to the Company’s stockholders would allow each to focus on its own strengths and operational plans. In addition, after the spinoffs, each company will provide a distinct and targeted investment opportunity. The Company believes it will be able to recognize the expenditures to date, which are in excess of $20 million, as an investment after the spinoff(s) are complete.
AMSG HTS NOT INCLUDED IN THE RESULTS,WHY?
The segment disclosures included in our results of operations presented below no longer include amounts relating to AMSG and HTS following the reclassification to discontinued operations.
HOSPITAL2 AQUISITION WILL BE A MILESTONE FOR THE COMPANY WHICH IS GOING TO HAPPEN IN A WEEK OR SO.
$4MILIION REVENUE WILL BE THE GAME CHANGER, TURNAROUND IS HAPPENING NOW IN THE 3RD QUARTER.
SPIN OFF OF TWO OR THREE COMPANIES, PGx BUSINESS
40% REVENUES FROM BIG SOUTH FORK HOSPITAL
Our Hospital Operations, which began on August 8, 2017, as more fully discussed below, represented approximately 40% of our revenues for the year ended December 31, 2017.
---
On July 12, 2017, the Company announced plans to spin off its Advanced Molecular Services Group (“AMSG”) and in the third quarter 2017 the Company’s Board of Directors voted unanimously to spin off the Company’s wholly-owned subsidiary, Health Technology Solutions, Inc. (“HTS”), as independent publicly traded companies by way of tax-free distributions to the Company’s stockholders. Completion of these spinoffs is expected to occur in the third quarter of 2018. The Board of Directors is currently considering if AMSG and HTS would be better as one combined spinoff instead of two. The spinoffs are subject to numerous conditions, including effectiveness of Registration Statements on Form 10 to be filed with the Securities and Exchange Commission, and consents, including under various funding agreements previously entered into by the Company. A record date to determine those stockholders entitled to receive shares in the spinoffs should be approximately 30 to 60 days prior to the dates of the spinoffs. The strategic goal of the spinoffs is to create three (or two) public companies, each of which can focus on its own strengths and operational plans. In addition, after the spinoffs, each company will provide a distinct and targeted investment opportunity.
ITS A GOOD SIGN IF 10-K IS RELEASED IN THE AM
DONT KNOW HOWMANY SHARES WERE SHAKED.
"PROGRESS"
INSIDERS OWN AROUND 15% OF O/S - 72 MILLION
https://fintel.io/n/us/rnva
IF YOU OBSERVE NO SIGNIFICANT EVENT OR NEWS OCCURRED SOFAR FROM THE COMPANY
ITS ABOUT TO CHANGE FROM TOMORROW AND GOING FORWARD FROM TOMORROW IMO.
MY POINT IS THEY ARE NOT IDIOTS TO INVEST IN RNVA....
GOOD SIGN.
A BILLION DOLLAR FUND INVESTORS INTO RNVA
https://fintel.io/i/sabby-management-llc
GREEN FIRST QUARTER 10-Q DUE IN MAY - STOCK PRICE?
I AM POSITIVE THAT FIRST QUARTER RESULTS WOULD BE VERY INTERESTING TO SEE.SOUNDS LIKE WE 2017 WAS BREAKEVEN OR SLIGHT PROFIT,1ST QUARTER SHOULD SHOW MORE REVENUE AND ADDITION OF JAMESTOWN HOSPITAL STARTING FROM MAY 1ST.
FIRST CATALYST TO OCCUR ON TUESDAY 4/24
SECOND CATALYST DURING THE ANNOUNCEMENT OF JAMESTOWN HOSPITAL
THIRD CATALYST 10-Q RESULTS FOR Q1
FRENZY BUYING WHEN SPIN-OFF IS ANNOUNCED
JMO.
$00n
3. On November 5, 2008, the Court entered the Order Approving
Restrictions on Certain Transfers of Interests in the Debtors Estates and Establishing Notification
Procedures Relating Thereto [Docket No. 1386], in which the Court found that the Tax
Attributes are property of the Debtors’ estates and are protected by the automatic stay prescribed
in section 362 of the Bankruptcy Code.
7. More specifically, Tax Code Sections 382 and 383 imposes restrictions on
the amount of Tax Attributes eligible for future offset purposes that could materially reduce the
benefit of the Tax Attributes unless the Debtors take steps to preserve the value thereof in
advance of confirmation of a plan of reorganization
In this connection, Section 382(l)(5) (the
“(l)(5) Exception”) excepts from application of the aforementioned statutory limitations a
corporation that undergoes an ownership change by reason of the confirmation of a chapter 11
plan of reorganization, if certain conditions, relating primarily to continuity of equity ownership,
are met. To preserve maximum flexibility for the Debtors to qualify for the (l)(5) Exception,
certain procedures are being imposed to allow the Debtors to request that certain creditors sell
down some of their positions if such a sell-down would provide a reorganized Debtor with more
flexibility to use its NOLs and other tax attributes.That ability, which is reflected in the
Procedures, is necessary to prevent certain acquisitions of claims following the date of the
Motion from causing the Debtors to cease to qualify for the (l)(5) Exception and, thus, be unable
to use the Tax Attributes to offset future taxable income to the maximum extent possible.
10. Given the significant value that the NOLs may provide to the reorganized
Debtors, the Committee shares the Debtors’ view that granting the Debtors the authority to
implement the Procedures is an appropriate exercise of both the Debtors’ business judgment and
this Court’s equitable powers under section 105(a). If approved, the Procedures should enable
the Debtors to preserve the potentially substantial value of the Tax Attributes for the benefit of
their estates and creditors.
ELIMINATE IS UTILIZED , NOT AVOIDING.ONCE THE ESTATES LIQUIDATE THE ASSETS, THE NOLS COULD BE UTILIZED OR ELIMINATED FROM THE BOOKS.
IT IS NOT THAT, WE LIQUIDATE THE ASSETS AND WE JUST WRITE OFF THE NOLS.
DEBTORS COULD SELL THE ASSETS TO OFFSET THE NOLs.THAT IS ONE OF THE PROVISIONS PROVIDED UNDER CHAPTER 11.
ACQUISITION OF SECOND HOSPITAL
What did they announce recently?. Why did they mention it in yesterday's PR?
"a vertically integrated provider of industry-leading diagnostics and supportive software solutions to healthcare providers that recently announced the acquisition of its second Rural Hospital, today announces the postponement of its Special Meeting of Stockholders to May 2, 2018 at 11:00 a.m. "
They announced they were in definitive agreements Jan 2018.
Did they "recently" announce anything about the second hospital?
DELAY 10-K & SHM TO GRAB MORE SHARES BY DEBT HOLDERS?
It appears to me that 10-K is delayed purposefully to help toxic debt holders grab more shares at a very very discounted price.
CEO SAID 7 to 10 DAYS ON MARCH 29th TO RELEASE 10-K
Why is it delayed?
10-K IS DUE IN 15 DAYS AFTER FILING NT 10-K
NT 10-K WAS FILED ON 4/2
10-K IS DUE TODAY 4/17
SHOULD SEE IT LATE TODAY OR BEFORE MARKET TOMORROW
JMO.
10-K SHOULD HIT BY EOD
NT 10-K WAS FILED ON 04/02/2018 WITH IN 15 DAYS IS 04/17/2018
SEC Form NT 10-K
SHARE
DEFINITION of 'SEC Form NT 10-K'
A filing with the Securities and Exchange Commission (SEC) that a company must submit when it is unable to file its 10-K, or similar form, on time. After submission of the SEC Form NT 10-K, the company must then file its 10-K within 15 days. The 10-K is an annual report that provides a comprehensive overview of the company's business activities. This report must be filed within 90 days of the end of the company's fiscal year.
Read more: SEC Form NT 10-K https://www.investopedia.com/terms/s/sec-form-nt-10k.asp#ixzz5CxsXVAHH
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