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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
Thank you for posting that info.
imho
mj
No fish fry here...Everything's in the filings. Takes time to rebuild what took years to breakdown. The business seems to be now be stabilized. Hopefully we see this 10k soon. Then its whats the next move. Each piece that brings in more revs or results in greater profits cuts the time it will take to cut thru the chit and bring the price back to life. If some see the potential for down the road it could move a bit sooner..hopefully that's the cast..lol. :)
imho
mj
If they are profitable or close etc...then they have found a way. Maybe it won't be enough to sustain a big rally just yet? It might take a bit more patience as these revs and hopefully profits ramp over the coming Q's but revs/profits is pretty much the only sauce that works to dig out of this type of hole. In my 15 or so years I'm not sure I have ever seen a profitable .0001 stock with growth potential. That is why I am here whether I have to wait another year or not to see the reflection in stock price. Also I think as of Q4 they will begin to realize the savings on interest expense of $1.5M annually..that is huge. So we could see the beginning of that in the Q. Then we have Q1 upcoming right behind this filing whenever it gets published. That I'd imagine would show even more improvement on the revenue side as all services should be firing pretty good by now without start up costs weighing in.
Jamestown?
Acquisition one way or the other?
Seamus mentioned once or twice in a podcast about growing by acquisition.
Any chance they could get their foot back in the door at Jelico? (prob unlikely..but who knows they have a solid business plan when a lot of operators don't)
Diamantis put his money up here for some reason.
We see the progress clearly in the financials. Something is likely coming together here. Maybe its just time to hire a CFO? I forget if they have one here or not? lol.
This is a former NAZ ticker with a real building we can go kick right now that has been serving patients for years.
Anyone refreshing the edgar pg?
imho
mj
Hours of EDGAR Operations: The hours of operation for submitting filings to the EDGAR system are 6:00 a.m. to 10:00 p.m. Eastern Time weekdays (excluding SEC holidays). If a filing is submitted after
5:30 p.m. Eastern Time, it will not be deemed filed with the SEC until the following business day (except for filings made pursuant to Rule 462(b) and Section 16 filings, which will receive the date of the
actual filing if filed by 10:00 pm Eastern Time).
IF its a situation of way over shorting...they will only cover when forced to. RNVA just has to have the goods. Pretty much simple as that..and by the looks of things they got it. However they have to have enough of it to start killing the legacy issues one by one which again it appears they are on their way with that as well. Paying down and restructuring debt and other securities along with a strong revenue source and profits is a tough mix to fight. People in these communities need these services and RNVA is there to serve them profitability by the looks of things. That's a nice recipe for growth.
imho
mj
Rural-Urban Healthcare Access Gap: It’s All About The Fixed Costs
https://www.forbes.com/sites/gebai/2024/01/21/rural-urban-healthcare-access-gap-its-all-about-the-fixed-costs/?sh=e3e1cf46288f
RENNOVA HEALTH, INC. OWNED HOSPITAL RECEIVES CRITICAL ACCESS HOSPITAL CERTIFICATION
Download as PDFDecember 03, 2021
WEST PALM BEACH, Fla., Dec. 03, 2021 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTC: RNVA) today announced that the application by its hospital, Scott County Community Hospital, Inc. (DBA Big South Fork) in Oneida, TN, for designation as a Critical Access Hospital (CAH) has been approved by Centers for Medicare and Medicaid Services (CMS). The effective date of approval is retrospective to June 30, 2021.
CAH status means the hospital will be entitled to a cost-based reimbursement from Medicare, which has the potential to increase revenue. There are a number of benefits of CAH including that capital improvement costs are included in allowable costs for determining Medicare reimbursement. This special reimbursement that CAHs receive is intended to improve their financial performance and thereby maintain access to basic health care in rural areas by providing rural health networks and rural emergency medical services.
“We are delighted to be granted Critical Access Hospital Certification for this hospital,” said Seamus Lagan, CEO of Rennova Health. “The opportunity for increased revenue and reimbursement is a welcome boost to the facility for the needed service it provides to the local community.”
About Rennova Health, Inc.
Rennova owns rural hospitals and a physician’s office in Tennessee and a physician’s office in Kentucky. For more information, please visit www.rennovahealth.com
imho
mj
Page · Hospital
18797 Alberta Street, Oneida, TN, United States, Tennessee
(423) 569-8521
info@bsfmedical.com
bsfmedical.com
Always open
Doesn't look like they plan on going anywhere :)
imho
mj
LoL lets start with .00015...We get that we might be on to something short term...Chit @.015 I will be crying and I'm in the stock..LoL
imho
mj
RNVA has traded roughly 1B vol in the past 21 trading days with the much greater majority being at the ask. I'd say something is a foot here. That is pretty good for a ticker with no bid. Not to mention how many have been traded in the past 6-8 months. Interesting turn around story with this one. I don't know how long it takes to burn thru everything hanging over head or at least enough to trigger the start of a price correction but I'm willing to wait it out. The K and 1st Q should provide a nice 1-2 Punch. That $1.5M savings in interest expense should have a nice affect on things :)
imho
mj
Theres the rest of my order from 20 min ago..lol Just hit the tape...what the hell is going on here?
imho
m
Seems like some kind of hocus pocus going on...I just took another 22M but only a couple of 50k orders showed up on time/sales etrade. Whats the scoop?
imho
mj
hm nice volume...no reload ?
imho
mj