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Seamus said he believed they could reach a $25-$30 run rate by the end of 2023...meaning you might see those numbers in 2024...but not 2023. However if they do increase revs in 2024 to those numbers with all of the cost savings from restructures etc... that bottom line could be a nice surprise for 2024. We will get a glimpse of that in the Q1 filing to see where they stand there.
imho
mj
Doesn't Diamantis already own more than half of this thing? Maybe he's looking to buy the rest and take it private? With the past restructurings and Insider trading rules utilized etc... If they were to put out the 10k followed by the Q1 the price could move up a good few ticks skewing any potential deal that has been worked on? There is still a good deal of debt..so I don't know if that would be the case or not. But who knows. As long as the company stays mute anything is plausible with their revenue and profit trajectory. I believe Nfrequent mentioned in the past that the CAH could be listed as an asset but hasn't been...if I remember correctly?
Again I'll take .0025 right now. With the debt etc...I wouldn't think the .25 range would be in the cards just yet as was mentioned a few minutes ago by someone...but I would gladly take that too haha...
imho
mj
Yeah one would think the building would be worth more...unless its become very run down as its just sat or maybe there is a buyer and they don't want it? Maybe they couldn't get CAH due to the University building being right down the street? Other than that I don't know. Here it sounds like one year of those taxes was just 122,000 for just 2022. VID from April 15th 15:30 mark https://www.facebook.com/watch/live/?ref=watch_permalink&v=1126576455322878
Going back to your comment about it being worth more..that is why it feels like something is up here with this move..could it be an acquisition one way or the other...who knows. But it does seem the building would be worth more. That is why I thought maybe Diamantis swooped in to get it off the books for whatever is going on ..even if it is just to clean things up and remove that $250k off the books for both years. And then Rennova can relclaim the building within a year when they are on a little be better footing. Who knows..lol But they have been good about filing 8k's with everything..so maybe we get one soon explaining?
But it sounds like $122k for 2022 and then likely double for both years? $244k
imho
mj
From this level I will be happy with .0025 or above..SOLD! . IF someone was going to make a move now would probably be the better time to do it. Once this legacy stuff is cleared that price could get a little steep. They do seem to be clearing what they can off the books at a pretty rapid pace and now having one stand alone profitable hospital. I believe they easily could have held onto Jamestown if they wanted to with a portion of the profits from just 1 quarter.
imho
mj
Yeah it just feels like maybe there is something going on with this more than they just lost it or let it go. Why would they just let an asset of that size go for what is probably a few hundred grand? It seems they would have to have the money to at least start making payments or whatever they would have to do if they wanted to keep it. Unless of course now the hospital isn't in the best physical condition etc?
They seem to be making every move possible to clean up the books as quickly as possible. Maybe some deal in the works one way or the other and they just wanted it off the books immediately...and then they do somehow have the option to take it back within a year if they choose...what kind of deal is that...it sounds like buyer isn't opposed to this option? So that all is interesting as well. Generally I would think whoever is buying would have their own plans and wouldn't consider letting Rennova take it back. I figure we will find out eventually what all is going on...but it would be nice to know who stepped in and took the building over. That info might provide us a good bit of info before the co even speaks.
imho
mj
Yeah I'm not sure either if they give that info over the phone or not. I believe the info is public..but it says that the papers must remain in the Registers office at all times. So it sounds like the info may be public. But we may need boots on the ground.
imho
mj
Yeah so many buys on a .0001 ticker over a 9 month period with no bid. There has been some serious accumulation here. I would like to know how much of this float is being held tightly. There might not be as many available as it seems.
imho
mj
and then another 15 days after that?..LoL ... So looking like half way thru July for the time limit for the 10k?
----When a company no longer meets the requirements for Limited Information, it will enter a 15-day grace period. At the end of the grace period, if appropriate disclosure is not publicly available, it will be moved to the Expert Market where there are no public broker-dealer quotations. Broker-dealer quotations will only resume upon clearance of a new Form 211 with FINRA.---
https://www.otcmarkets.com/corporate-services/pink-market/pink-current-and-limited-information-disclosure-guidelines
imho
mj
It appears we have until JUNE 30th?....We are SEC reporting and Pink Limited...
C2Guy
Re: Alpha14 post# 168301
Wednesday, April 24, 2024 11:06:24 AM
Post#
168310
of 168693
Within 180 days of fiscal year-end (~6/30).
RNVA is SEC registered, so a Pink Limited designation means the company must "provide a periodic report for a fiscal period end within the last 180 calendar days from the end of the issuer’s most recent fiscal year or any quarterly reporting period that is covered by a report required by Section 13 or 15(d) of the Exchange Act."
https://www.otcmarkets.com/corporate-services/pink-market/pink-current-and-limited-information-disclosure-guidelines
https://www.otcmarkets.com/files/15c2-11%20Tier%20Chart.pdf
imho
mj
I'm fine with that. At least it seems the overall dilution has slowed to a trickle. 10K time?
imho
mj
I would like to know who now controls the Jamestown building ? How do we locate that info?
imho
mj
Morning all. 10K Day? 10Q Day fast approaching. I'm ready for the new reading material. By the looks of things 2 Bang Bang Q's coming up.
imho
mj
How many could be left now?...
nfrequent
Re: None
Tuesday, October 31, 2023 9:15:39 AM
Post#
2326373
of 2337828
RNVA debt restructuring news (link below) would not have happened unless Q3 earnings kicked ass (10-Q due 11/15). Investors simply need to buy out the remaining shares of one bad actor being forced out under SEC insider trading rules at a major discount to buyers. Buy out the shares left in the Sabby prospectus (link below), and the stock price values in well above the 000s, and fast, no insider sellers in the way. Sabby is selling .0001s. Go RNVA.
https://www.globenewswire.com/news-release/2023/10/25/2766659/0/en/RENNOVA-HEALTH-INC-ANNOUNCES-SIGNIFICANT-DEBT-RESTRUCTURING.html
https://www.otcmarkets.com/filing/html?id=16659851&guid=xf5-kp7N0JZldth
https://www.otcmarkets.com/filing/html?id=16878845&guid=xf5-kp7N0JZldth
Sounds good, Its awfully calm out here. If the storm is coming here it will be due to back to back bang bang filings...K and then Q1
imho
mj
Yes great mention. A $2500 buy is certainly a very healthy buy when your talking a .0001 stock with no bid for months and late filings. Shows someone out there has some kind of confidence. Glad this keeps getting pointed out. 10K soon?
imho
m
Yeah I'd be more worried if this wasn't a former Nas ticker with a verifiable business serving real people in a very public forum that has been filing everything they have ever done. Already starting to see companies putting out preliminary notes for Q1. We might just get back to back bang bang filings to wake this thing up. The 2 best Q's to come from this company maybe ever and they will come a week or 2 apart at this rate.
imho
mj
Excited to see how the restructures of debt etc influence the fins this year. Even with zero rev growth its seems the bottom line could look better in 2024 than 2023? Sounds even better with a little Revenue growth even at just the BSFM location :)
imho
mj
In this video you can see a framed pic of Seamus at Nasdaq...This pic is also his LinkedIn profile...Anyone out there think that he doesn't want to get back there?
Oh its nice to see the 23M trade pointed out today. The accumulation seems to continue even in the face of no bid and a late 10K filing :) Signs here still seem positive. Someone today wanted some shares. Who?
imho
mj
It will be interesting to hear the skinny on this move. https://newstalk941.com/jamestown-regional-medical-center-sold-as-taxes-pile-up/
Some kind of updates likely coming soon with or without the 10k.
imho
mj
Morning all. Looks like we will be getting some updates soon one way or the other with Jamestown being sold. Hopefully this is a tatical move and not because they got denied for the CAH permit being so close to the University Clinic
imho
mj
Interesting move..someone buy it kill a yr of taxes...Rennova comes in as operator...and then can buy it back? Another genius move to clean books?
Imho
Jamestown Regional Medical Center Sold As Taxes Pile Up
Posted by: Danny Webb Friday, April 19, 2024
The former Jamestown Regional Medical Center facility sold at noon Friday at a delinquent tax sale at the Fentress County Justice Center.
Fentress County Finance and Budget Director Tyler Arms said the hospital had not paid taxes in two years. He said former ownership has a year to redeem the property, but will have to pay interest and penalties if they choose to do so. He said the purchase clears a year of delinquent taxes for the new owner, but the remaining year of fees will have to be paid.
“We would love to see it be a hospital again for the citizens again for the citizens, but, I mean, it’s pretty unrealistic at the point, I think,” Arms said. “And the current owner, you know, they’re not in the medical field. Not saying he couldn’t sell it or lease it or something to someone in the medical field.”
3
He said the hospital has paid in the past, but after running two years behind, the county needed it back on the tax roll. He said the biggest concern for the county is not having a hospital in place.
Imho
Mj
Been looking like that for about a half year...
Imho
Over under on the 10k hitting before the Q1 is due?!? lol...goodness
imho
mj
Yeah I didn't experience that part of the ride. I feel for those that did. I have taken some nasty knocks on other plays. Live and Learn. Hopefully the return trip here lights up the OTC and extends many Q's for those looking to recoup.
imho
mj
Not sure what is happening on this board...We need that 10k..haha...Perhaps we will soon embark together on a run of biblical proportions? Is that what you all are saying?
imho
mj
Oldie but Goodie...nfrequent
Re: ADVFN_curncman post# 162262
Friday, January 12, 2024 10:56:39 AM
Post#
162267
of 168454
I just went through a complete list of Nasdaq listed hospitasl. Few have earnings, just losses. RNVA is outperforming all except maybe one comparable PNTG trading at a P/E of 37/1. By comparison, $4 million earnings (py) on 40 billion shares equals a P/E of 1/1. At a 37/1 P/E like PNTG, $4 million in earnings equal a PPS of .0037. Duh.
imho
mj
Tick tick...MYRTLE Our Strategy
Phase one of Myrtle Recovery Centers, Inc. is our service offering at our Oneida location. This facility opened in August 2023 and offers alcohol and drug residential detoxification and residential rehabilitation treatment services for up to 30 patients.
The second phase of Myrtle Recovery Centers, Inc. will seek to open a facility in Jamestown, Fentress County, TN. In addition to the services offered at our Oneida location, this location will aim to offer an inpatient Behavioral Health Unit and a Crisis Stabilization Unit.
Combined with the above locations, we will seek to expand throughout the region through acquisitions, partnerships, and linkages. This will enable Myrtle Recovery Centers, Inc. to provide a complete treatment model for all behavioral health needs for Scott, Fentress and Morgan Counties and the broader Eastern TN region.
imho
mj
Ok who's doing a little shopping today? Ya'll got any of those .00005's for sale today?
imho
mj
I would imagine we get something soon. Best of luck to all.
imho
mj
Good Morning All...Any reading material coming our way today?
imho
mj
It would be nice to get another progress report on on this...From Jan update...
"InnovaQor, Inc. (OTC: INQR) update. InnovaQor in 2023 initiated and continues to develop Curallo, a next-generation communication platform for medical professionals that will offer subscription-based services. We believe the success of InnovaQor will benefit Rennova and its shareholders."
Hopefully there is some meat here eventually with Curralo. I personally never had super high hopes for this segment, more of a bonus...but ya never know I guess?
imho
mj
C2Guy
Re: Alpha14 post# 168301
Wednesday, April 24, 2024 11:06:24 AM
Post#
168310
of 168402
Within 180 days of fiscal year-end (~6/30).
RNVA is SEC registered, so a Pink Limited designation means the company must "provide a periodic report for a fiscal period end within the last 180 calendar days from the end of the issuer’s most recent fiscal year or any quarterly reporting period that is covered by a report required by Section 13 or 15(d) of the Exchange Act."
https://www.otcmarkets.com/corporate-services/pink-market/pink-current-and-limited-information-disclosure-guidelines
https://www.otcmarkets.com/files/15c2-11%20Tier%20Chart.pdf
Word up...the bad ones don't make it back...to good ones do. This isn't the typical pink .0001 scam stock. This company has been filing timely and providing a real service to real people for years. Preparing fins for $20M audits might be the line where they need to hire a CFO? If they don't already have one..?
I'm ready for some reading material.
imho
mj
Yeah I took another little chunk when I saw the ask breaking down to 8M the other day. Thought maybe that was the end of the reloads...lol. I had a target set either way and now I'm there. I was going to wait to see the numbers...but that sped up the process a little bit. Either way I'll be around here a while as they work through and finish cleaning up this mess however long it takes.
imho
mj
Less likely than the abacus deal but not impossible...Rennova being acquired and the deal needs to close prior to numbers coming out so terms aren't skewed?
A lot of possibilities with Assets, Revenues and Profits... I will take .005 thank you! lol
imho
mj
Maybe $20M was the limit on the abacus and they are all sold out during tax/earnings time...? ;)
imho
mj
Ah yea my mistake...but what I was leaning towards was this...
Our common stock is traded on the OTC Pink under the symbol “RNVA.” The last reported sales price of our common stock on January 10, 2024, was $0.0001 per share. There were 40,551,322,257 shares of our common stock outstanding as of January 8, 2024.
https://www.sec.gov/Archives/edgar/data/931059/000149315224001981/form424b3.htm
Which I thought would mean the 10k will show that O/S number being from last year. Or will the 10k just show the new O/S as of the date of the filing? I'm a bit confused on this one..lol
imho
mj
We know it was 40 Billion into Jan. If it did increase that would have been in 2024...we won't see that until the Q1 filing correct?
imho
mj