I like your thinking. By reading the FOXO filings it seems like RNVA is in a good spot here. There's too much on the table for them to not get back current, not sure why it's taking so long though.
New beginnings and trend changes often look like the bitter end before anyone realizes there were on top of massive spring being placed under tension.
Is this the end of Sabby we are seeing here still? Idk. But if so the end of Sabby is a new major beginning in itself for RNVA stock.
Even with a reversal clause, the process to any prosperity would likely not be so simple or quick.
Look around the markets, chits blowing and bubbling everywhere. Did these guy F it all up and gonna miss another and likely far greater cycle for shareholders? Possible. But not what I'm expecting.
Good thing is we'll continue banking in multiple other places while they get it together
If FOXO would explode and by that I assume you mean go under, the assets are not returned to RNVA. RNVA would be a creditor in the bankruptcy and would received assets payouts only after secured creditors have been paid. I don't think there would be any planning of one of the companies to explode.
Everyone in management in both these companies live in their own rehab centers and are smoking crack with all shareholders money, They screwed us all while they hit the pipe all night long