Rennova Health Inc (RNVA)

[Bidsmaker1]

Deadjim perhaps you are assuming I took a position when the stock was at a split adjusted price but I would never have owned RNVA with its previous business model. For me personally I understand sticks and bricks based business models since I have extensive personal experience there which includes corporate finance.

I disagree that RNVA is only a momentum trade but I completely get your strategy. There will be several momentum plays here in the future that will benefit shareholders but PPS is far more likely to drop for some period of time since MMs capitalize on spreads and high volume when there are large quantities of shares in the market or when more shares are coming into the market. We may see some shorter term increase prior to or after the quarterly financials but in the future more shares will be converted by Sabby and sold to MMs. So far MMs have used every positive news event to sell under the ASK then walked PPS down at successive levels each time the volume dried up. Not exactly a flippers paradise.

I will hold long term. Its been my strategy from the beginning. No reason to change and yes I have done this before in fact numerous times. The biggest mistake I made over the years was getting out to soon and have sadly left very large profits on the table. I learned that patience is the key and sticking with my plan.