Alright goyim, it's go time in RNVA.
It's going to the Moon tomorrow, I want everyone to have at least 1000 shares.
Buy on open!
Let's go bois.
Thoughts on RNVA:
>had 8mil cash a year ago
>now only have 500k cash
This means 10mil stockholder deficit.
>par value of issued stock at ONE FUCKING CENT
Basically they diluted the shit out of their shares and made their financials look a little better
>net revenue for last 9 months was 5mil
>net revenue for last 3 months was fucking 290k
For comparison, in the same period administrative costs were 7 mil.
Here's something more important...
>1.6 mil interest expense for last 3 months
>1.6 mil interest expense and only 290k revenue
Even last 9 months, the interest expense ate up most of the revenue.
If revenue can't pay interest expense where does it come from?
How much cash do they have?
How do they pay for debt interest when they run out of cash?
Dilute shares more?
Both are bad if you're holding the stock.
>They get delisted in March if their share price isn't over a dollar.
>Their top employees are getting paid way too much plus stock options
>8 mil in debt still outstanding
>already defaulted on two of their debts
>They bought some other shitty bankrupt company's assets
Spend a paragraph whining about how they lost so many customers and only good news they can give is that they're trying hard to broaden their base...
Literally why the fuck are people shilling this terrible company?
What can make this company able to reverse their revenue trend, pay off all their debt, and do it right fucking now because they don't have any cash left?
This company is going to get delisted in March and probably go bankrupt soon after.
Best case scenario is their assets get bought out by a larger company for scraps.
If you're holding this you should just sell, or wait for the next group of morons to pump it.
Just try and prove me wrong.
Screencap this you were warned