When RNVA hits .30 just remember your statement "The ONLY way RNVA can keep their pps up is with reverse splits". That is so wrong for so many reasons.
PPS will adjust after MMs selling pressure subsides. They are selling converted shares into retail. The shares they acquired from the lender are purchased at highly discounted rates so the MMs can and do saturate the market. If you have been watching closely MMs walk the price progressively down selling into retail until each level dries up. Simply follow the price action and the volume to see this in action. The quantity of shares being sold into retail and between MMs causes the share price to drop as shareholders stop or slow their buying when the market becomes overly saturated. MMs then move the price lower to entice a new round of buying.
This brings out naysayers in force who perpetuate statements such as I referenced and many equally as unfounded negative remarks. Ironically, this causes price action to drop even further since it unfairly can serve to dissuade potential retail buyers to the actual events unfolding. Anyone that really wants to know what is happening needs to understand how business works, how interactive third parties such as lenders and MMs interact and how the OTC retail market works.
RNVA PPS will increase for many reasons. First is that revenue capacity from acquisitions are slowly coming on line and will begin over time to minimize debt. As debt decreases profitability increases. As profits increase PPS increases. As PPS increases it takes less shares to pay down debt. Other factors include assets. The Jamestown hospital was purchased well under its hard cost value so from an asset standpoint RNVA strengthens its balance sheet.
The "Sabby" funding included enough funds to offset operating costs which means that the hospital is not dependent solely on its cash flow. This increases the likelihood of the hospital becoming profitable and reducing dependency on outside capital.
As future 10Q/10Ks become available currently undervalued shares we shareholders are holding become significantly more valuable. This does not require a RS. Currently, with the increase in AS, Daytraders flipping shares for small profits are forced to be longs. Instead of waiting for the progress of the business from an operational side many become impatient and we then see a lot of very negative comments. That is understandable but negative comments are often shortsighted and based on emotion, not on the facts. If shareholders at least try to understand the RNVA business model, the Lenders loan and exit strategy and Market makers techniques since each of them impacts the end buyer (shareholders), we probably would not see so much negativity. Remember that posted comments effect all shareholders either positively or negatively. That's just how the market works since many buy or sell based on very shallow perspectives. If you are unhappy as a shareholder close your position and move on rather than constantly venting based on unrealistic expectations.
The "business" of business does not need you to survive or to thrive. Longs will win at the end of the day.
