Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
There are many factors to consider when investing. This happens to be one sub penny that actually owns assets, hospitals.
Problems were inherited. Those are being resolved. Once up and running, cash flow will not be an issue. Delays in reporting regularly occur when a company is dealing with new acquisitions and rapid growth. Accuracy of the reporting is key.
RS may or may not happen. If it does, it will probably open this up to more investors than sub penny players. Either way, value will remain equalized. From there, we could see buyouts, bailouts or simple organic growth.
Think about it....some of the hospitals are the only available in that area. Does anyone really think any closure will last one way or the other?
IMO
RNVA
Lol right!
So I am guessing this is a good thing.....lol
Exactly! Guy been on the government teat since the early 90’s. Knows zero about real business.
Not saying Seamus is on the up and up or without fault but this guy is simply another opportunistic pol.
Smh
RNVA
It’s more the latter I am certain. Another lefty politician trying to capitalize on an issue whether real or imagined.
RNVA
Exactly.
Not sure if all the excitement is of the nervous short variety or just genuine care for the Jamestown patients.
I wonder which is more likely?
RNVA
All I know is there is certainly a lot of interest and activity all of a sudden on this board. Something is about to happen.
RNVA
I don’t think Seamus will have an option if the state decides to force the issue. They may not be able to prosecute him for anything but the business does operate on US soil.
IMO, that will be the most likely scenario. Either way, the hospitals will probably become profitable through public or private funding.
RNVA
From the Reps statement, it sounds like taxes were not being returned to the Fed prior to Rennova buying the hospital.
And I only mentioned the Irish reference due to Bar spouting off about Trump country. It goes both ways and the hypocrisy of the insinuation was clear.
Regardless, do you not agree that the only way out is a buyout by better funded groups or the gov being pressured to fund the hospital due to local needs?
Lol apparently in Democrat country too since this Democratic state Rep chose to call out an ethnicity.
Who are the racists again?
Seamus may be a crook. I am sure his nationality has nothing to do with it tho.
RNVA
This guy is a Democrat, they investigate anything to distract from their own failure to get anything accomplished and/or simple grandstanding. He has also been in public office since 1991 so obviously has no business acumen and is merely used to living off the government dole.
I suspect this was Rennovas plan from the start, to purchase these struggling properties and amplify the need through media exposure to gain a government bail out or flip to a more well funded buyer.
A lot of eyes are on this now......
RNVA
Someone didn’t like that and low balled like $50 worth. Lol
Agree. Those would be some strange moves for any company anticipating going out of business. Even if Rik is slapped with penalty, that does not shut the business down. If anything, that’s what may happen.
Or ASCK. Smh getting the tickets mixed up.
I think most folks are! Very little trading going on...other than the occasional manipulations.
Once some news drives this thing, those little games won’t matter. Still somewhat amusing though...
I agree. ????
Strange that there is hardly any movement and as soon as I make a buy at ask, immediately someone jumps in and sells at bid to drop the price.
It’s almost like someone is desperate to keep it down...
Yep! Here’s to hoping this is a sign they are still viable and moving forward.
NPHC
This should be stickied.....good stuff and agreed!
Why is that letter dated 11/3/2019 as of 5/4/2019? Maybe I am missing something.....
Pretty old news though. Issue with FDA has been ongoing and is closer to resolution now. Maybe that’s why the flurry of activity from you?
NPHC
Something brewing here...
NPHC
Very true! A spark of life makes things a bit more interesting.
NPHC
Very quiet around here being this close to ER.....
True. I could be regretting closing my rather large position at some point.
I just could not wait it out. I just did not trust Rik D....seemed too sheisty.
Good luck to everyone still here tho! Hope it does turn around.
Man don’t feel bad. Lots of us lose that way.
We all know not to gamble with what we can’t afford to lose as well as to not get greedy and sell at whatever profit we set prior to the buy.
Thing is, when it goes up...hard to cut and run when we are afraid we could be missing out on more. Greed. Smh.
Going forward, just set a profit that you will sell at, no matter what. At least enough to where your original investment is covered so at least you never lose what you put in.
Takes some discipline....and some pain usually.
Don’t dwell tho. Stuff happens!
Yeah sadly as an employee, I lost roughly 50% of my 401k in GE stock. I am thankful I moved investments prior to the ER though.
Immelt needs a class action against him and GE.
11/2 after hours I believe.
Sorry my friend, I was being sarcastic a bit. All those points were preached earlier this year all the way from .006 to .0007.
I hope it turns around too tho for all still in! It could happen to be sure.
Just be wary of those who are waaaaay too enthusiastic about it.
Must just be a quiet period.
Because....orphan drugs, undervalued, steal at these levels, opioid crisis, quiet period, JV, Covenant, patents, know what you own, MM’s, silver coming soon....etc.
Mark it!
Smh
NPHC
Added as well. Suppression tactics short term. Watch as we get closer to reporting day.
Going to churn right back up to last weeks highs. IMO
MOSY
Live and learn. Yep.
Good point! Seemed like their MO
Amen! ????
Excellent chart. Hoping it’s not the kids of death folks speak of.
Waiting for Clay to pop up again....??
Wow what a day! Bought in at .24 this morning. Expected this to move but not that quickly. Looks like a hold and add for the foreseeable future.
MOSY
Agreed and ditto. Although I am not quite 72M invested, I believe the PPS is very fair for a sub with actual products in big name stores.
He should be ripping into them for costing credibility. No excuse for posting blatantly fake news, if it was in fact fake.
Was hoping he would have put out something soon to clarify the situation and keep us updated on the investigation.