Replies to post #103289 on Rennova Health Inc (RNVA)

[Ferdenando the Bull]

All revenues are likely to be in half due to the pandemic.
That's why the Fed's stepped in to protect the health care system from collapse.
I challenge anyone on this board to find a hospital who's revenues did not fall by near 50%.
Look at all the businesses that were negatively affected. Very few were not with exceptions of food, TP, guns. Heck even gas fell to a buck a gallon.
1 future sales on oil was -52 a barrel.

Telenet is going to be the way of the future. The leading company has a 11 billion MC. I'll bet this one is superior.
Will need to wait and see.

I think you add back in the 5.5 million that Rennova wrote down they really did a great job.

Now in saying that without Fed money ALL hospitals will likely fail.
This is a new era. Attention to rural hospitals is huge and "disruptive technologies" such as Telemed is going to be paramount in paving the way to the future.