Monday, April 16, 2018 5:16:57 PM
And that's considering it was 2 months after the BFMC started operations.
Of course there will always be risk factors when it comes to a situation that RNVA is in, but they have to be taken in context and with a grain of salt.
Posting their "Grim History" of R/S is also taking the current situation out of context. There are confounding variables in play people need to be aware of.
For example:
- Not in the NASDAQ anymore - The last two RS happened in a situation where there was a lot of pressure. One of those pressures was maintaining minimum PPS to not get de-listed. There is definite interest in going back, but there are no signs they are in a rush. Pulling an RS to $3 and AS increase that will allow more conversions and dilution imo wont be the way to do it in the long run. This will most likely further hurt their reputation for another year at least, with new investors struggling to find reasons to come in after they see something happen like this. (UNLESS of course their fins are that strong to keep it up there, which as of right now I doubt they are THAT good.)
- Improved Financials - IF the 10K is positive, and reduces fears over those risk factors, we will see more investment. More people willing to take a chance on the company and see where it can go.
- RS and AS does not pass - couple that with the improved fins and we have a real game going on, especially with another further announcements, such as:
- Jamestown Hospital - Considering they are able to show a turn around with BSFMC, taking it out of bankruptsy and making it profitable again, of course no small thanks to their vertically integrated business model.
- Potential Spin-off in 3-6 months - I obviously can't say for sure, but I think they are serious about this and was actually glad it didn't happen now before the vote and 10K. Waiting for a demonstrable improvement in the company's financials, is in my opinion a better way to go if you want to use this to boost the company and the spin-off.
Those who understand the context are taking a chance on this because IF this turns around, it will EXPLODE from where it is now! 5x-10x-100x potential, it's all there. Worth a paycheck if you ask me :) and if it doesn't perform, well that's the game we're playing, and imo well worth the ride.
GL2A
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