When RNVA is in the $0.015 - $0.03 range the board will still have the same people talking doom and gloom. Those that are flipping will have less and less shares to flip and those long term guys will ride this out.
I am not "guessing, following the crowd, overly anticipating, etc., I did my homework and understand underwriting from both the lender and the borrower side of the equation which means knowing how to evaluate risk/reward scenarios.
Many companies trading on OTCQB are not involved in markets that have such well established industry comparable data. Real estate based revenue producing properties are considered very tangible assets that are relatively easy to evaluate from a cash flow perspective. Part of the underwriting of the business model includes niche markets such as a rural market as compared to a metropolitan market which is factored into the underwriting. Beyond those basics are managements expertise and ability to own and operate the businesses.
At this relatively early stage IMO RNVA stock is hugely undervalued since not only the asset valuation but the capital needed to operate those assets are in the final preoperational stages. At current pricing from an asset standpoint PPS IMO is clearly lagging the market but I don't expect this to last very long before readjusting. From a cash flow perspective quarterly reports should start showing significant improvements.
That's my take on RNVA despite those numerous and amazingly short sighted perspectives that the very same people regurgitate over and over but hey, everyone has an agenda. Mine is to make profits by buying shares in undervalued public traded companies.
