Much Much higher my friend. When the time comes, this could trade well into copper, if THEY (not RNVA) want it to. The POTENTIAL here is absolutely incredible once the note holders are done conversions.
99% of your normal P and D’s are done off baseless info and either promos OR a group of people with money. And normally it’s contracted by the investor converting shares to fetch a high number for the converted shares....only now with a cost basis equivalent to a bag of peanuts. So those company’s that have that type of action are mostly junk companies with “0” revenue, tons of debt, fluff PRs, little to no filings, ect, ect. Not to mention, they have little to none of any type tangible or intangible assets. Doesn’t mean these are bad to trade either, just means timing is everything....
Rennova is real as I’ve called all the subsidiaries, and found all the workers that I’ve spoken with to be very nice and honest people. I even go a step further and call the closest businesses to these other companies, just to confirm that there is a real company at the addresses and they have been confirmed. As far as management goes....I think they are stellar and people don’t realize how much they have turned things over from the time they started the restructuring from 2016. CEO even admitted to using Bad debt and has not nor will ever take that kind of financing ever again.
I assume they were desperate after Medicaid stopped paying for labs (in which there is a lawsuit that was overturned in the favor of Rennova, for them to get the money that was owed to accounts receivable from Medicaid)
Either way, too many randoms are posting nonsense and very choice literature...granted it’s not the greatest company in the otc, but it’s got way more potential to make a VERY BIG move than most other companies listed down here..... PURELY based on the FACT that they actually do have REAL tangible assets (expensive medical equipment, real estate, software, supplies, ect.) and an actual legitimate business model with a means of reducing costs and creating more revenue. Logistically, it even makes sense...they can legally refer patients from the doctors practices, or to the hospitals since they are roughly a 30 minute ride from each other based off looking at a map. Even demographically, they are in a area that makes sense for how they are going to operate. Then you gotta check the Tennessee Medicaid page and they are on their as well. Heck....they even file like a Nasdaq company. People just need to understand how this type of financing works. If done properly, it can be very lucrative for company, retail, and market maker.
Rnva a Crapshoot? Every single stock in the otc is a crapshoot...which is why buying something with real tangible assets always beats buying tickers that have nothing of worth, just made an app, or (LOL) is doing a ICO.
JMHO
It’s even possible with Sainsbury, that he could produce better financial terms since it was pretty much forced on his lap to pay a debt that didn’t convert? Now he’s got major skin in the game and since it’s just been beaten down for years, they may have to beat it up to entice buyers.
JMHO
Also for those people that get heavy into k’s and q’s....I’m betting the YoY is going to be fantastic due to the 3rd quarter showing a change in profit of over 1100%. I just have a feeling this was setup a long time ago and it’s getting close. I’m also betting that “somebody” is forcing another “somebody” to get rid of shares, by means of marketing.
You cant have my signature....it's priceless
