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I'm not trying to spread any FUD here. My concerns are based on personal experience and facts from being an investor of RNVA for over 5 years now. The pattern that I'm seeing now does not look promising. It's showing the calm before an RS notice. I just hope I'm wrong. The CEO can't be trusted. I'm here to recoup my initial investment and ruuun!
Good luck to All!
I started investing in RNVA shortly after descending from 0.0002 to 0.0001 a few years ago. After that it traded sideways at 0.0001 for several months and then we started receiving back to back RS notices. I am seeing a similar pattern here this time and it's not encouraging at all.
This CEO is playing games with investors hard earned money. One who laughs last laughs the best.
Shorts to me do not play fair games.
Longs will prevail one day...Not sure when or if ever.
I hope you are right about "Gotta test that .0002 level first before the big move."
Bone minting and renouncing details
https://blog.shib.io/bone-minting-and-renouncing-in-detail/?ref=shiba-inu-ecosystem-newsletter
I tend to agree with you. I have been here for a few years now, and I see the same pattern year after year after year. Perhaps the recent 2s was a ploy to lure new investors then slam us with a notice of RS.
I feel the same way because I am seeing the same thing that happened on October 7, 10 and 11, 2022, being repeated at this time.
When was that?
I'm watching what happens tomorrow. If we fail to move up then it's business as usual. I'm not sure if RNVA is ready for prime time.
Actions speak louder than. words. Honestly, let's wait and see what happens today and tomorrow.
You could be right, but you have to look at the pattern of the man at the helm. I will be looking at what happens on Thursday and Friday. I hope that I'm wrong.
RENNOVA HEALTH, INC. PROVIDES UPDATE AFTER FILING 2023 SECOND QUARTER FINANCIAL STATEMENTS
Download as PDF August 21, 2023
WEST PALM BEACH, Fla., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTC: RNVA) Chief Executive Officer Seamus Lagan recently joined Stock Day host Kevin Davis to provide an update after filing the 2023 second quarter financial statements and other information in its Form 10-Q with the SEC.
Davis began the interview by congratulating Lagan on the opening of a mental and behavioral health facility at its hospital and filing the Company’s second quarter 10-Q on time.
Davis went on to ask about what he saw as a fabulous recovery in revenues and profits and asked Lagan if the revenues of over $11 million and profits of over $2 million for the six months disclosed in the 10-Q was sustainable and further asked what the full year for 2023 might look like.
Lagan stated that he believed the revenues were sustainable and credited the management and employees with a continued focus on running an efficient operation which he expects to remain profitable. He continued to explain that the additional services being provided, and consistent patient volume, could mean revenues in excess of $20 million for 2023.
Davis followed by asking about the expectation for revenues from the recently opened 30 bed facility at the hospital campus by the Myrtle Recovery Centers, Inc. subsidiary, for alcohol and substance abuse services.
Lagan stated that it was good to see the facility opened and repeated that he believed this business would fit well with hospital operations. He went in to say that when operating at full potential this first facility for Myrtle should generate $4 - $5 million in profitable revenues a year
Davis then mentioned the fast approaching year end and suggested that the Company could be leaving 2023 with annualized revenues in the $25-30 million range and be profitable. He asked Lagan how he intended to deliver continued growth and where he saw the Company a year from now.
Lagan responded that the current operations plus the behavioral health business should give the Company an annualized run rate of $25-30 million by year end. He went on to remind Davis that there were still some items to be fixed from previous more difficult days but explained the intention to formulate a plan before year end to duplicate the current model in the Jamestown facility in 2024, and stated that if that was successful it would be possible to leave 2024 with annualized revenues of $50-60 million. He confirmed his belief that this was achievable.
Davis ended the interview by asking Lagan what message he would like the Company’s shareholders to take away from the interview. Lagan responded by saying that he believed the Company was now delivering what it had hoped to deliver from work done over the past couple of years and stated a belief that there will be continued success and growth over the next couple of years.
To hear Seamus Lagan’s entire interview, follow the link to the podcast here:
https://audioboom.com/posts/8351331-rennova-health-inc-is-featured-on-the-stock-day-podcast
Investors Hangout is a proud sponsor of “Stock Day,” and Stock Day Media encourages listeners to visit the company’s message board at https://investorshangout.com/
About Rennova Health, Inc.
Rennova Health, Inc. (“Rennova,”) is a provider of health care services. The Company owns one operating hospital in Oneida, Tennessee known as Big South Fork Medical Center, a hospital located in Jamestown, Tennessee that it plans to reopen, a rural clinic in Kentucky and an alcohol and drug treatment facility operated by Myrtle Recovery Centers, Inc.
For more information, please visit www.rennovahealth.com
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company's most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
Contact:
Rennova Health
561-855-1626
info@rennovahealth.com
I will be looking at what happens tomorrow and Friday. If the ticker does not show any improvement, then it's business as usual.
I have been here long enough to understand RNVA.
Ok, we have been down this road before, What to look for on Thursday and Friday this week is a move above 2s. If not, we will follow the same path as what happened in October 2022. I hope not and keeping my fingers crossed.
Good luck to all!!!!
It might be a laughing stock but remember that no condition remains constant. RNVA will its day!
Life is like a clock, today is your time, and tomorrow will be mine.
Good luck to all!
Just wanted to pop in to say hi to my fellow Biellionaires.
Good luck to all!!!
This ticker has a reputation of frustrating its investors, so I'm holding all excitement until I see otherwise. If you go back and look at its positions on October 7, 10, and 11, 2022, on Yahoo Finance, you will understand what I mean. Good luck to all!!
I could be the roof is under fire!!!!
Possibly so, but the Bulls will take over one day. Can you imagine what would have happened if Rome was built in a day?
To be fair to the ticker, we are in a bear market.
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Business Insider
https://www.businessinsider.com
I'm sure you will make a lot of money with a long term investment when things turn around. JMHO
Good luck!
I see. Would you agree this is a solid investment, at least, long term?
Do you have at least a small position?
Hey BR, what's your take on this "great" news?
1 MINUTE AGO: BLACKROCK BUYING 14 TRILLION SHIB! SHIBA INU EXPLODING SOON????
You are contributing to very healthy conversations towards Shiba Inu! I really value your opinions on Shiba Inu. I honestly applaud you for that. While the proof is in the pudding, very soon we'll know who is right...the bulls or the bears. Thanks for keeping us balanced. Good luck to all.
Be greedy when others are fleeing??
Those who hold in the bear market will win in the bull market.
S. Kusama
Do Not Underestimate Kusama.
Millionaires have been minted here. A lot more to come.
Please read my previous text messages. We are not in a bull market.
Shibarium is here and live! All we are waiting for is for the bullish momentum to begin, which in my opinion is not very far away.
Prior to the Shiba Inu bull run in 2021, I'm sure that was the story going around that Shiba Inu was a scam. Now we know the truth.
Good luck!!!!
Far from being a scam, in my opinion. Look back in 2021 and see how many millionaires were made. We are in very tough times for cryptos. Can you imagine what will happen if Shiba Inu was producing millionaires ever day, week, month, or year?
In my opinion, investment in cryptos takes extreme patience. Not a financial advice, but just my opinion. Good luck to us all!!
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The number of transactions in the last 24 hours on Shibarium is 21.2K with a trading volume of $2.42M, a +1,711% change as compared to yesterday (8.25.2023).
It will happen. The fundamentals are very strong!
It will come. The fundamentals are strong.
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Shibarium is Live!!!
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Don't underestimate Kusama.