Haven't posted on here in a bit but wanted to share my thoughts and most recent investment in $RNVA.
I bought into RNVA on Tuesday at 0.083 per share for a little over 12k shares. I heard about the company through the penny stock subreddit and did some DD and decided to make an investment into it.
My thoughts are as follows- Contrary to what Stocktwits believed yesterday, this is not a stock to get rich quick from. Many people have the pipe dream of this stock becoming the next $DRYS or $ETRM. Most likely not gonna happen but I would not complain if it did.
The company is facing an impending reverse split if it cannot maintain $1+ a share by March for 10 days.
The first thing I'm watching for is for us to reach $1 a share. If we can do that within the next few months and stay above it for 10 days the reverse split will be pushed back or not necessarily entirely.
RNVA appears to have the motivation to see it reach $1 a share and to avoid an R/S, however at the end of the day it may not come near $1. In the event that it doesn't and a R/S occurs the stock soars to the company price target of $18.5 a share.
Just some thoughts
In it for the long haul
I bought into RNVA on Tuesday at 0.083 per share for a little over 12k shares. I heard about the company through the penny stock subreddit and did some DD and decided to make an investment into it.
My thoughts are as follows- Contrary to what Stocktwits believed yesterday, this is not a stock to get rich quick from. Many people have the pipe dream of this stock becoming the next $DRYS or $ETRM. Most likely not gonna happen but I would not complain if it did.
The company is facing an impending reverse split if it cannot maintain $1+ a share by March for 10 days.
The first thing I'm watching for is for us to reach $1 a share. If we can do that within the next few months and stay above it for 10 days the reverse split will be pushed back or not necessarily entirely.
RNVA appears to have the motivation to see it reach $1 a share and to avoid an R/S, however at the end of the day it may not come near $1. In the event that it doesn't and a R/S occurs the stock soars to the company price target of $18.5 a share.
Just some thoughts
In it for the long haul