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After trips have them list dubs that have those numbers. I'd be interested in looking at those as well. :)
imho
mj
I would like to think so. And looking back at other plays over the years when that rush hits this could go from .0001 to .0003 before you can blink and these opportunities will be gone for good. Usually just a matter of finding the worthy ones and waiting. I feel like we have that here.
imho
mj
Great early volume here this morning. Waiting for that band of brothers with $50-$100k each to come in here and finish these 0001s for good. I know those whales are out there. We just need them to take notice of what is happening here. :) Either way its coming.
imho
mj
$RNVA I believe you are correct.
imho
mj
$RNVA Yes agreed! I would imagine if they were in talks months ago...and the institutional investors mentioned continue to see positive progress with the company then I would think there is a very good chance we see another PR like the one below. Whether it would have any immediate effect on the price or not...It would be huge for the company and the impact would be felt down the road in share price either way.
WEST PALM BEACH, Fla., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTC: RNVA) is pleased to announce a significant debt restructuring with its primary institutional investors. The restructuring extends the maturity date of approximately $8.2 million of secured debt to December 31, 2025, waives historical events of default and removes and/or modifies certain events of default and definitions. In addition, the Company does not expect to recognize default interest in future periods subject to remaining in compliance with covenants and other obligations.
“We are pleased in the confidence our primary institutional investors have in our Company and its recent achievements,” commented Seamus Lagan, Chief Executive Officer of Rennova. “The debt restructuring improves our balance sheet and will save approximately $1.5 million in interest expense annually. In addition, we are in discussions about other potential modifications to debt and other securities in the hope we can secure additional amendments that further improve our overall financial position.”
imho
mj
That looks to be a huge positive in the narrative here. Taking that into consideration if the ask keeps getting hit for 1 billion every week or 2 then at some point somethings gotta give. Like I said before one of these ask reloads at .0001 will be the last... I'll be here when it goes down :)
imho
mj
$RNVA Good Morning all. Another nice week of volume with roughly 800M shares traded and we know the greater majority of those being at .0001. In my opinion...one of these days we will have a bid that sticks...lol. It might be next week. It might be next month. It might be next year...either way I will be here to see it go down. Lets see how many more shares get soaked up today. :)
imho
mj
Anyone here have direct contact with Seamus? If so maybe tell him to take a look at what the CEO of ABQQ is doing in regards to buying back shares...Maybe take a few hints from that playbook? When there are profits...anything can happen :)
imho
mj
$RNVA It appears maybe one of our residence here is holding a nice amount of shares and put them on the ask for a short time to help induce fear? But then a few buys came in and they pulled the order once they realized they might actually lose those shares?...haha This is all just speculation...but there are only so many options. Loving the action here so far today. Its possible even those that talk ill of this ticker hold some good sized blocks.
imho
mj
Good Morning RNVA faithful and those others that have helped me gather some .0001's. on a company doing $20M+ revs and teetering on profitability. May or may not net a few more today...Lets see whats in the cards for this session.
imho
mj
I don't remember Monster being a trip zero...but I remember seeing it sit around .50 for a good while before launch...lol Missed that one completely.
imho
mj
That is my intent...to just keep watching while adding little bits along the way to stay entertained..lol. This one will have its day...and then many more there after. Not many sub pennies out there can match the financials of this one.
imho
mj
A R/S isn't harmful if the company is self sustaining...which it looks like RNVA is now or very soon will be on an annual basis. I think down the road a few Q's or next year we might see another R/S but at that time I would expect the price to be at least a few ticks higher than it is now. As long as there is no need to dilute further after the split I have no problem with it. Obviously we have an obscene amount of shares out there. There will likely either be a R/S to solve that issue...or they might implement a long term standing share buyback program? I am good with either in the right situation. Yes we do have a ridiculous amount of shares. But for a company doing $20+M revs, at or near profitable and paying down debt...our market cap is pretty low. IF they reopen Jamestown...then our bull case becomes even stronger when it comes to market cap etc. These towns need these hospitals and it appears RNVA might have a formula for operating them profitably. The town, the company and us...Win/Win/Win.
imho
mj
Would be great to see a multi billion share vol day to take him down for good. Maybe today is the day!!??!! I added more to my pile today. Either way another 100M+ soaked up already today by buyers.
imho
mj
Looks like the .0001 asks are being thinned out once again...one of these times will be the last :) Happy to have found this one at .0001. I have patience. Profits solve a lot of problems. I'm not sure how more people aren't looking at this one.
best of luck to all...
imho
mj
$RNVA Morning all...another day closer. Some nice volume yesterday. If the company continues to perform these shares are not infinite in my opinion although it feels that way now. The stock is held at .0001 until it isn't :)
Lets see what today brings.
imho
mj
Yes thank you. Very much appreciated. Sounds like we will likely hear about the 2nd facility coming on line this week :)
Thx again and best wishes.
imho
mj
$500M per Q? It sounds good but not sure I follow. Can you elaborate on how that works out?
imho
mj
Yep basically just confirming what we already know...Nice to see the debt reduction. Shows we will still need some patience here...but they are making progress...nice report there. The gears are turning.
imho
mj
Good Morning All !!! Another day closer to the next update. Patience required. Looking at the past Q's the company has rounded the corner in 2023...not sure how long it will take to effect the share price...likely still some climbing to do there...but it seems they are on their way. If anyone out there has any other co's doing $20M+ revs yrly trading at .0001 pls toss them my way.
imho
mj
I don't know how long it will take or what route they will take...But I do believe that Seamus likely envisions a return to NAZ as a likely goal to reach to consider this a true comeback. And maybe as a slight F U to all that bashed the company in the media etc. If you search the videos you will there was plenty of bad press and coverage out there when they were falling. Hopefully the same light will be put on them to share the comeback story with the world. Seamus was referred to as an Irish Gangster by one of the politicians in the news coverage. It will be exciting to watch this play out over the coming 2 yrs. So far they are pacing nicely. Profits can solve a lot of problems.
imho
mj
And the Whhhifffff...
While i would be ecstatic with +30m I wouldn't over hype that...higher expectations leads to greater disappointment...Ceo said they could be on that yrly run rate coming out of 2024...but we haven't had the other services running for a full year to ramp up. Right now Im looking for 20mill. That would be a huge accomplishment and continuation of momentum. Anything over that would be a bonus.
Heres to 2024 :) Cheers!
Imho
Lets insert a company PR and ETF approval today and see what happens. IF anyone is shorting this around potential dilution that might be remaining they really risk getting caught by this micro float. This is interesting. They don't have the inventory to play with ...probably much harder to trade air shares now.
imho
mj
$RNVA Morning all...Lets see what today brings.
I think they are already doing right by shareholders just by doing what they are doing to turn this thing around. They aren't looking for any quick pumps etc. They are righting a huge ship that had a lot of wrong going on with it. It still might take some time...but I like what I am seeing. They easily could have just abandoned ship and called it a day. Someone see's some kind of opportunity. Those counties need hospitals...if not it could literally kill the towns. Who's going to live somewhere where you have a 45 minute ambulance right in the case of an emergency? The people want these facilities open and now with a different business focus hopefully these services can be ran profitably. If they have a profitable formula that works in this industry and under the same conditions as other hospitals in the state...this $20-$50M of revenue from the first 2 hospitals might just be the beginning. :) There seems to be a huge need out there for rural hospital services and our little .0001 ticker might have the answer? Its a lotto ticket I'm willing to purchase.
https://tha.com/focus-areas/small-and-rural/rural-hospital-viability/
https://foxchattanooga.com/news/local/tennessee-has-highest-rate-of-hospital-closures-per-capita-what-are-the-rural-impacts
https://newschannel9.com/newsletter-daily/rural-hospital-closures-across-tennessee-leave-a-generation-in-need-of-care
imho
mj
Nope I didn't forget..just figured I'd save time and wait for you to post it...good job today. ;)
imho
mj
Yes. Right now these shares seem infinite. But if the company rights the ship then we know they are not. IF we are choosing to buy at this level...then we just have to keep plugging along with the co to reach whatever point it takes to get a few ticks here. From there it will be much easier to hold. Also there are some wild cards out there that could provide relief to our ask reloading problem...News on Fins, News on opening of hospital #2 in Jamestown or more debt modifications...
WEST PALM BEACH, Fla., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTC: RNVA) is pleased to announce a significant debt restructuring with its primary institutional investors. The restructuring extends the maturity date of approximately $8.2 million of secured debt to December 31, 2025, waives historical events of default and removes and/or modifies certain events of default and definitions. In addition, the Company does not expect to recognize default interest in future periods subject to remaining in compliance with covenants and other obligations.
“We are pleased in the confidence our primary institutional investors have in our Company and its recent achievements,” commented Seamus Lagan, Chief Executive Officer of Rennova. “The debt restructuring improves our balance sheet and will save approximately $1.5 million in interest expense annually. In addition, we are in discussions about other potential modifications to debt and other securities in the hope we can secure additional amendments that further improve our overall financial position.”
Looking forward to see where this ticker stands by mid 2025. I'm not really concerned with much before then.
imho
mj
Good Morning. In my opinion...one day that ask won't reload :) I don't know when. But I believe there will be light at the end of this tunnel...Profits in the 7 figures can solve a lot of problems.
imho
mj
Profits are good at fixing issues...This train looks to be on the right track. We will get 2023 #'s in coming weeks. And then we get to look forward to a 2024 with roughly $1.5M in savings on interest expense.
WEST PALM BEACH, Fla., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTC: RNVA) is pleased to announce a significant debt restructuring with its primary institutional investors. The restructuring extends the maturity date of approximately $8.2 million of secured debt to December 31, 2025, waives historical events of default and removes and/or modifies certain events of default and definitions. In addition, the Company does not expect to recognize default interest in future periods subject to remaining in compliance with covenants and other obligations.
“We are pleased in the confidence our primary institutional investors have in our Company and its recent achievements,” commented Seamus Lagan, Chief Executive Officer of Rennova. “The debt restructuring improves our balance sheet and will save approximately $1.5 million in interest expense annually. In addition, we are in discussions about other potential modifications to debt and other securities in the hope we can secure additional amendments that further improve our overall financial position.”
imho
mj
Yea that's a pretty reasonable thought. One possible wild card is the way shares have been dumped into the market. They have already pushed back $8M worth for 2 yrs. In one of the last PR's they mentioned working on further deals with the debt etc. so we could get one of those pr's at anytime...or just the current selling slows for whatever reason. If this current selling slows for any reason we could likely see 1 or 2 ticks just on that...but no way to really know where we stand currently. The way I'm playing it...I bought a decent core I would fine with if it were to start moving now...but I also didn't just all in now because of having that money tied up for however long. So I bought a decent chunk for me and will continue adding here and there as time goes on.
imho
mj
I am thinking Feb for an initial look back at 2023. It looks like they usually do a podcast about that time and then again around the time they actually file. But of course we could get news on something anytime...
Imho
I'll take that as a compliment I guess?..lol. Thank you? Either way I like my odds with this one...It might take another half or full year of holding thru ask reloads...but even at 100B or 200B O/S... If the company continues on the current trajectory...I will be holding some for when the sun finally shines the light on this ticker for the whole OTC to see.
imho
mj
Dilution to keep the business alive and give it a chance. Whether it be conversions or whatever the case. They stretched the authorized to something like 250B shares I figure in hopes so they wouldn't have to R/S again. Reading back in the past it looks like they have done more than a few R/S because it seems like all of them were announced in advance etc. This time around to this point the last interview said they don't expect one for the foreseeable future. Granted the share structure is crazy bloated...but I figure at some point something has to give. If you check the pr's a while back they were able to push back I think $8M of the debt if I remember correctly and default penalties till Dec 2025. They mentioned this would save them about $1.5M a yr in interest expenses I think it was. You can find videos from the local news when their hospitals first started shutting down a few yrs ago. The communities were dissappointed with the whole deal because employees weren't getting paid...and I think that was the only hospital in that rural county. These hospitals are important in their given areas. The fact that they have stuck this out and actually turned a profit in a recent Q speaks volumes. I believe they should come in around $20M+ in yrly revs now. And when the 2nd hospital comes online these revs will increase by I wanna say $10-$15M? So by the end of 2024 we could be looking at a $30-$50M rev run rate? I'd don't know if they can maintain profitablility every Q...but if they do...I think all these share structure problems will be handled either with a buy back or big RS split. If they are done diluting at that point a RS wouldn't scare me as they would be self sustaining ...generally the RS only kills co's that have to dilute afterward to live. I wouldn't be shocked if they open the 2nd hospital this yr gets revs up, do a R/S and then try to uplist to big boards. I believe once upon a time this co was already listed on the big boards...how that business originally fell a apart I am not sure...Something along the lines of them being focused on diagnostics and then that having trouble...so no I believe they are coming back with a different focus?...
Not sure but I have been adding here because I feel this is a rare situation for a .0001 stock that at least has potential. Like I mentioned in a previous post...find me another trading at .0001 with $20M+ revs and at or near profitable...I'd like to take a look at it...lol
take some time go back and read the last 2yrs PRs, TV news spots, and podcasts.
This one doesn't scream scam...but of course would likely take some patience for the turn around story to play out. It seems to be well in progress.
imho
mj
I'd be ecstatic with .005-.01 :)
Mj
Great tidbit..certainly can't hurt matters here. Excited to see what's in store for this ticker in 2024. Share structure is a mess...but 10's of Millions of revenues and operating at or near profitability can solve a lot of problems over time. IF they are starting to recognize free cash flow...it will be interesting to see where it ends up. Things will work themselves out one way or the other over time whether good or bad...all we can do is place our bets.
Can anyone out there point me in the direction of any other ticker that is trading at .0001 of a penny with $20M+ revenues and turning a profit? If so pls shoot me the ticker...lol If they keep this momentum going I like my odds here. Maybe we hear something about Hospital #2 soon? These hospitals are important pillars in the cities and counties they are in. This .0001er just feels different
imho
mj
Thank you for the update and Happy New Year to you and the team. Sounds like some positive progress is being made. I certainly understand the need to cut costs where you can. It's encouraging to hear that the documentation is being kept up for potential filings down the road. One thing I was wondering about is the refining of the link software regarding the satellite handover etc. How is all that coming along on the technical side? I would assume this is pretty important for passenger experience.
Enjoy whatever your vacation period entails. I will be looking forward to Feb/Mar for further updates.
Hopefully 2024 will be the break out year that puts FFLYA, BOB and 10yrs of hard work in the industry spot light!
imho
mj
No whale here...but 20M was me. Time to start nibbling on this one. I have been following this story quietly for quite a while now. Finding an actual real business trading in the trips is a rarity. Finding one that has yearly revs of near $20M and at or near profitability is almost unheard of...then throw in an actual company where the businesses they run are looked at as pillars in their given communities. These people need local health care. The shares that have been and continue to hit the market will likely cease at some point. The tough part is timing the when. Once that happens this ticker will see a bid and maybe a few upticks. At that point everyone will coming running to be in the next play that going to go double 00's. However only taking the risky plunge at .0001 can you see 100% gains on every single .0001 tick along the way. Worth the risk on this one in my opinion. I'll be nibbling bits along the way going forward. Would love to have 50-100M by go time. They were already successful in pushing back a good chunk of the debt and interest. They may soon have some free cash to start buying back stock or turning on the next hospital. Will be interesting to see how all of this plays out. Seems to me at this point this one has the potential to be story book.
imho
mj
Yea no idea. The fact that it appears these moves started 6 months or so ago makes me believe we should be seeing some kind of official update soon. I thought we'd maybe get a year end official update but that came and went..lol. Hopefully we get a full and well put together ceo letter for the 2024 outlook.
Imho
Mj
Not overly excited about it...However the majority shareholders voted in favor of the move,,,and also Ron said IPTK has a 90% interest in whatever is coming overseas. So it seems we are still alive. If the system is $10k-$15k installed which i believe is what was mentioned before. I think the cost dropped from $25k to $10-$15k at some point?...Then just from them not spending the $50k+ it probably costs to file fins then that is close to 5 planes installed right there...that alone could fund a trial plane with 2 more airlines. And as Ron mentioned after 14 or so yrs of WIFI being back available for airlines...there is still a huge void in that market. It seems to me that another option is needed and I think IPTK has it. I don't know what the triggering event will be or what behind the scenes takes so long...but I feel like we are still very much in the ball game here...unless I am just completely missing something?
So overall I'm not happy we have gone dark..as I think announcements are close...but I am happy that it seems they can raise funds over seas to get these other trials going with some other airlines. We need planes in the air.
Hopefully we are close to some solid updates regarding the new entertainment offering, Wizz UK Launch, Financing, and the names of the next airlines on the list that have supposedly been in talks for quite a while now. I wasn't sure if we would be able to add shares once we went dark...so I added a little more before the lights went out. I am still in here with over 200k shares and hoping for the best. Maybe I'm blind to some things...but I feel there is still serious potential here.
imho
mj