Neffets Luap
8 hours ago
Hi all, I'm catching up on the background of this FOXO / RNVA acquisition. So, RNVA sold it's income producing hospital and recovery center and need to open the Jamestown hospital back up....so no revenues coming into RNVA from Hospitals....but likely are earning some revenue from the strategic arrangement with InnovaQor, Inc. INQR???????? Is all of that Accurate?
Assuming that's accurate (or close to)....a primary priority for RVNA will be to Monetize their position in FOXO stock ownership. However, it seems like the RNVA CEO will like to continue to be "controlling shareholder of FOXO"....so they won't want to convert / sell all of their shares for further FOXO dilution.
Seems like the money opportunity for Stock price growth is over at FOXO at this current time. Once RNVA gets progress on the other hospital driving revenue....I might put some money into this one. It's a strange 3 public company relationship going on here.....so I'm going to research RNVA a bit more. My largest fear is RNVA ticker just "goes away" as the Mgmt is clearly invested in other company tickers.
FOXO is where my money is right for the next couple months at least.