Rennova Health Inc (RNVA)

[MJAM2020]

In the past they would do a podcast or whatever in FEB and give a rough look as to how the previous yr went well before the numbers were filed. Now they have gone from that to filing over a month late. It could be their delay, it could be the SEC...who knows. Or they could actually be in discussions on a major transaction that requires a quiet period. That is almost what it feels like. Even if they don't PR often. It seems everything they have ever done in the past was 8k'd etc. We know they lost control of Jamestown and regained it. I'm surprised those events were not at least 8k'd. It's not the greatest look for them...but does show they have cash which leads me to believe the past filings of 2023 were at least close to accurate. I am in hopes there wasn't some funny accounting going on and that is what the hold up is. If they are now truly profitable there could actually be some kind of M/A negiations going on. Yes they are carrying debt and have some other issues...but a profitable company in this industry seems pretty valuable and maybe someone is considering making a move on it before numbers are announced and the price potentially goes higher? In time the profits from current operations would eventually take care of the legacy issues...so maybe a merger or acquisition isn't out of the question. Because to me this kinda feels like a quiet period. In the past interviews Seamus mentioned they were looking at growth by acquisition.

Who knows what is going on. We are now roughly 7days out from Q1 numbers which very well could be another one of the best Q's this company has seen in years following Q4 which likely was the same. It just feels strange to me because this company has been filing fins for yrs...and 8k'ing or pr'ing every event...but now silience with an operating hospital we know is there and open for business and access to $220k when they need it. What's the scoop here?!?

imho
mj