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Been a minute since ive checked on RXMD what happened to CEO P. Mars!!
If I can drive off then I did good LOL.
I know y'all have already went to the ten. state website and read that Gov. Bill Lee doesn't think the virus has reached a state of emergency with (9) confirmed cases. He still thinks schools and workers should continue as norm with safety precautions. That being said you know the feds have granted the state $10mil that he think is "sufficient" to fight against covid-19, but not needed at the moment. Why? is that, hmmm? remember covid-19 isnt near rnva yet.
Lets play with the possibility of the gov being involved with RNVA. So months ago sen. Blackburn decides to callout RNVA why? SL replies that he would be able to find funding to continue operations. Then the CD deal comes out. Now this 8-k released. Wonder whats up here, hmmm??
all the current CoVID-19 cases are all opposites ends of the state; Williamson, Davidson, Shelby, Sullivan counties which are nowhere near RNVA trifecta. which plays well in this theory, as I state Bill Lee doesn't find that the virus calls for him to tap into the $10mil yet. what do you think he is waiting to use the money for?
Maybe to fund rnva once it reaches them. Seems they may be trying to show that they can handle things. They do need the gov help to get jamestown medicare and medicaid back and reopened. They are very strategical placed for covid-19. They have such large area of coverage and TREATMENT WILL BE NEEDED. RNVA is gonna need supplies, staff, and test.
I could be missing alot in this rant but just a little brain teaser for yall.
Best wishes Take this with a grain of salt. Ferd, LOL
If anyone is reading this
No worries I have completed the puzzle
I'm late to the party what happened to $ANCE$ and (CEO) Randell Torno?
If I'm not mistaken there was a spinoff, Acquisition, Name change?? from algae into USMJ.
This left $ANCE$ a seperate comp? I'm putting the puzzle together in 1 night. Found these pennies about 2yrs back but left them.
Im weak
I here you. Honestly I still have a large position myself. I can't help but feel something is happening. Just can't pin point when and what it is. I do believe there is some sort of gov. involvement. RNVA has being doing weird things to say the least for to long not to have some major outside influence in my opinion.
All i'm saying is there is alot of shuffling with no movement. The warrants move more than RNVA right now. just saying I have plenty other investments making me good old money. RNVA is just a hope right now no matter what anyone believes at the end of the day. Sadly.
Maxed out barely means anything. You can still trade what you have when shares are maxed. Just means that all the authorized shares have been purchased by someone. So basically what is happening now is value of the company needs to be created either by the current market holders or the company itself (through fins or some sort of value adding catalyst). Then fresh and current buyers wanting in have to see the value and still want in at whatever price current holders are selling for. That's why there's a .0002 wall being built. There aren't fresh buyers to move the market and current buyers don't want to purchase at .0002 because they don't see the value yet. Hence wall built at .0002.
Just my thoughts
Please Read...
I don't post alot here but I watch and learn. I have done a little bit of xtra D&D this week due to possible RNVA storm. Here is what I found please feel free to check my findings and provide your feedback.
Medytox Diagnostics owns and operates five high-complexity CLIA-certified labs strategically located across the country. All Medytox labs offer superior services in logistics and specimen integrity, faster turn-around times, and access to Advantage, our proprietary, user-friendly laboratory ordering and reporting software.
EPIC Reference Labs, Inc
7960 Central Industrial Dr.
Riviera Beach, FL 33404
Epinex Diagnostics, Inc.
14351 Myford Rd.
Tustin, CA 92780
Biohealth Laboratories, Inc. <<<(check this one website)
3399 N.W. 72nd Ave.
Miami, FL 33122 https://www.biohealthlab.com
NJ Reference Laboratories, Inc.
71 Franklin Turnpike
Waldwick, NJ 07463
^^^This one is not even real I believe or moved. Property for lease as^^ of 2019, But through this D&D I found BIO Reference labs (an OPKO Health company). just had a 100+% spike from corona-virus test announcement March 5, 2020. Missed that one.
Alethea Laboratories, Inc. <<<(not even medical related products)
410 E. Foster Rd.
Las Cruces, NM 88005
So RNVA may not have the lab support we thought to even offer test through their "labs". Maybe Through the hospitals and physician offices. I'm not saying pull your money out of RNVA but make sure you have sufficient D&D when making these claims. Word of mouth is one of the biggest influences. I'm still deciding if I'm going to stay with RNVA now. Just felt like the board should know.
Wow you must have a doppelganger then. I suppose I will leave it at that so it doesn't get weird or something lol.
Holy chit! I'm pretty sure we went to the same middle school. In North Carolina right?
Based off this Podcast RNVA is not going to initiate the r/s. only use as a final scare tactic so they can finish buying buyback their shares if they haven't already.
Think about the full RNVA story.
no fins have been dropped for a year. 1 hospital closed (optionally). R/S was not initiated by deadline. and share dilution.
I believe there a several reasons.
1) All share info would have to be updated in every fin release. Rendering the r/s scare tactic useless and irrelevant bcuz they have been quietly buying back shares. Openly showing the share structure change every in every release. That strategy could be weaker than a huge one time release. What is the need for a r/s if buying back shares? Scare tactic! if they really needed the r/s it would be initiated right now!!!
2) If lawyers and finance team have been working on being compliant this long and truly couldn't do it in time then that's the upset. But I don't believe that they haven't been able to release the fins at their own free will. I think RNVA delayed as long as the could, using the need of the files to be audited, as a extension to continue to buying shares and holding fins. How else can a "struggling" company quietly buy 3-4 billion shares open market in a years time?
3) Jamestown closed for a reason. I think they wanted it closed. RNVA did this in a loud way to cause a buzz. With Jamestown closed they cut cost tremendously. This also allows them to attempt to keep shareholder interest low. Wouldn't it be nice to show the community that you are the real deal by reopening your hospital to the current medicare/medicaid standards.
4) the dilution could be RNVA and MM working in conjunction, attempting to prohibit the premature movement in the stock. They have been making leeway in their massive buyback and don't want Shorts/flippers to damage their hard work and/or be involved in the massive bull run event.
Something big is already on the rise. Jellico is beginning to receive payments (oct), Jamestown reopens (late oct-early nov), Then fins following, presenting RNVA in a new light.
Not announced just a simple open market buy
Could that huge transaction be the last portion of RNVA buyback?
You make me see the truth of why very few people understand and survive the stock market and how small biz start. good luck to you
anything I post is just my crazy thoughts. take it with a grain of salt.
I don't see how anyone who hasn't successfully created a startup company can say negative shit about how RNVA is operating.
plus your stating old news that board keeps resurfacing be original.
I'm not saying there will be a split, screw that split. I'm just saying they could be using the potential of a split to give them time, because it would keep their price at .0001. I was mainly referring to the positive in this current state and vol happening.
any thoughts on RNVA and lenders secretly buying shares in their current situation (extremely below book value)?
wouldn't news of potential r/s be prefect cover for RNVA and lenders to keep price low to buy bulk as long as they could?
RNVA knows their current state and potential future, if RNVA and lenders bought shares now they would see massive profits on consistent good fins.
This would link to a increase in eps, higher ratios, increased return on assets. RNVA would be a new company!!! exactly like Seamus stated!!!
This is why RNVA ran themselves into .000x territory. The extreme potential of growth and stability as a company and stock.
again just my crazy thoughts.
please watch!!! This is exactly RNVA's situation
First 3min to be exact.
insert-text-here
It may or may not be dilution, but even so it doesn't make it the worse thing in the world.
SHHH...
sept. 15-17 major news release coming!!!
I believe there is a possibility that RNVA has government interest/connections.
With the newly pass healthcare bill, RNVA will benefit by receiving better payment from gov on medicare & medicaid starting jan 2020.
RNVA should be at least 60% more profitable than any other healthcare firm. Why? RNVA offers in house testing, IT, Billing, and financing.
RNVA is a leader in innovative and integrated healthcare.
but those are just my crazy thoughts!
why do we keep getting .0002 ask at close, but open at a .0001
Rnva what do you have planned?
3.7b dumped shares bought back already! with 10b A/S does this mean we have to wait till current O/S meets 10b to see movement?
I'm confused af now. L2 never showed a .0002 ask in time and sales.
I'm in this for the long run but I'm just lost on what the board has planned.
If Rnva has the fins ready to be filed, is there a benefit of reaching max O/S first? If not why else would you wait much longer.
Debts maybe??
Merger maybe???
2 CFO's + 3.9b shares bought @.0001 = potential merger
(1 cfo for rnva + 1 cfo for acquisition)
Any positive serious answers?
Tennessee's hospital market DD!!!
With RNVA stating preliminary net rev. Of $15.7m last year from only two operational facilities and stated a consistent $2-$2.5m/month from continued operations from only having two main facilities. This is actually very promising.
They now have a third facility, Tennessee's only 64 slice CT scanner, and their location is critical.
With RNVA holding 164 beds in Tennessee and two physician/care clinics they need about $40mil a year To be profitable. They had just reported $5m rev in the 3rd qtr of 2018.
So now that they have jellico and care plus, they should now be able to report $3.5-$4m a month in total from all facilities being operational. This means we are looking at $42m- $48m annual rev.
With profits $4m+
Rnva operates in a $4.8b gross and $1.1b net rev. Service area in Tennessee. That being said, rnva has a nice piece of the pie. This is just the area of Tennessee where rnva operates!!!
I Kno rnva might not get the whole market but they are placed in a way that they play a critical role in North Tennessee's healthcare structure. They cover about a 80mi radius.
Correct me if I'm wrong but I think they only have to pay Christopher D. $500k plus $1.1m. once that's done they don't have much more loan/bad debt to pay down.
Anyone here expecting for the share price to go up but in the same breath saying "oh! r/s coming! don't buy its a scam!" you are a factor as to why the price won't raise. If the ceo saw the stock climbing he would not do a r/s to his own shares!!!!! Stop shorting, stop r/s rumor, stop spreading scam nonsense! please be a smart investor. we are in this together