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Wednesday, July 25, 2018 12:06:58 PM
On the flip side he closed on the Jamestown hospital, purchased a new MRI, bought a private physician's practice and increased gross revenue.
It appears to me he continues to use shareholders as an ATM with the objective of rebuilding RNVA. It appears RNVA will lose OTCQB status unless MMs decide it is better to sell off the remaining 600M shares then push PPS up to OTCQB minimums prior to RNVA going pink or greysheet. MMs are not stupid and probably like the idea of 10B shares yeilding them 6-10% yields per trade so it will be interesting to watch manipulation in the next couple of weeks.
After this occurs the next stage of dilution begins with PPS dropping to .00035 range and Seamus will have full control over RNVA shareholders and plenty of shares to exchange for cash to support operations and make additional acquisitions.
I believe this is the scenario as he works to build shareholder value. Many will continue buying all the way down but flippers will not do well in this environment. Best to buy at the true bottom.
Upcoming 10Q will IMO have greatly reduced derivative liability, improved gross revenue, some reduced debt, stronger assets and net losses.
Overall RNVA is strengthening its balance sheet and positioning for aggressive growth. Shareholders will suffer through another year or two of losses but money can be made if very carefull on entry and exits.
Recent RNVA News
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- Form 8-K - Current report • Edgar (US Regulatory) • 10/31/2023 08:40:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/21/2023 08:30:32 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/15/2023 12:52:37 PM
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