Replies to post #48092 on Rennova Health Inc (RNVA)

[12yearplan]

Hi Bar, I know - it's a tough go.
In a study by Statistic Brain, Startup Business Failure Rate by Industry, the failure rate of all U.S. companies after five years was over 50 percent, and over 70 percent after 10 years.Feb 18, 2017
Why Some Startups Succeed (and Why Most Fail) - Entrepreneur

https://www.entrepreneur.com/article/288769

It's a hospital for God's sake!. With a stated mandate to SERVE the (under served) community AND achieve a modest shade of black ledger

[KOSZE]

How do you know it's still burning cash at such a bad rate now? 10k shows what RNVA had to pay off with regards to unsettled business in the first 6 months. We still haven't seen the next 3 and the 3 after that.

10Q will be a better sign for all of us including yourself to see exactly how "bad" the cash burning is. You're right in thinking there is a problem based on past performance, but you might very well end up being wrong about its future performance.

It really all depends man. You have your mind settled on there being no hope, but obviously some of us see it differently for our own reasons. And as for myself, I say that no one really knows for sure without giving it the time things need to settle and have the hospital actually work a full year before making any real judgements right now.

I'll acknowledge if you're right, cause I'm not ashamed or afraid of being proven wrong. But all I'm saying is that no one knows for sure here atm. IMO.

[Iamafreeman]

We don't care. We are traders, we take what is ours and others leave and come back. Lose or gain, you will need to see many other companies out there opened up the door in the form of trade their stocks. I don't care about fundamentals. Its all about the chart and momentum. In and out like well oiled machine. I love that ... in and out.