Rennova Health Inc (RNVA)

[satter]

RNVA calls in the note for the whole works

Starting fresh, leaving our past conflicting discussions in the past, On what grounds or provisions in the note agreement do you see how that can be done?

This is not a callable note that I am aware of. Its very recent, the start date, so I am wondering on what basis, grounds, there would be for a demad to call on it.

I know they can request to exchange the Note into $20,000,000 of Series A preferred stock in the but question if they would want to if FOXO fails to get listed. Besides, exercising this option ( to exchange ) is not the same as calling on the note.

Not saying what you said is not accurate, maybe I miss understood, but if not, then looking to see how it can be done based on the conditions in senior note agreement.

[satter]

You are confused. No cognition problem here. Thanks for your concern just the same.

Thanks for admitting you interpret what you read to mean whatever you want it to mean

I said the following below. The opposite to what you said above.

I don't read it and then interpret it to mean what I want it to

[nfrequent]

That's what you wrote. Maybe you still have time to edit it. Your cognition is not my problem. FO

[satter]

I think after the settlement the likelyhood of R/S is high.

[satter]

That's not what I said at all. And of course I did not admit that either. I always talk as I please just as you do.

[nfrequent]

Thanks for admitting you interpret what you read to mean whatever you want it to mean. In person, you would not talk to me however you please. That's the difference between you and me. Read that to mean whatever you want.

[satter]

I talk as I please and merely said your interpretation is one I do not adapt. I am only talking about what I see written in the agreement. I go by what the language it says. I don't read it and then interpret it to mean what I want it to. Your doing a lot of speculating. If it makes you feel good go for it. Fine by me.

[nfrequent]

Wasn't debating, just informing. If FOXO can't execute including achieving NYSE AMEX listing compliance, RNVA calls in the note for the whole works including what the FOXO principals brought to the deal ($2.5 million, the patents, and any other assets).

As I've said all along, value always pays eventually. You never know how or when. Rennova Community Health has strong sustainable earnings. The FOXO deal is the how (the ticket). Just kick back and watch it unfold.

[jay_tee]

Debating an em .000001 stock is pretty pointless. Seamus will r/s out of the em. Following FOXO in that regard makes sense. If this doesn't plummet during the grace period, then it's all good moving forward. However, there's no real timeframe until Dec 2025 gets closer 

[nfrequent]

Don't talk down to me. I know what I'm talking about. The FOXO principals' only hope to keep their project and hopes of ever getting a return on their investment of time and money was to go into the shark tank. Lagan was the shark.

That is the only objective of the FOXO principals. Lagan's objective is control of the NYSE AMEX listing, and FOXO was willing to pay him (RNVA) $2.5 million for the privilege. All is contingent on FOXO compliance. Rennova Community Health earnings come right back to RNVA in preferred shares and/or payments and interest on the note. Controlling equity is established when conversions equal more than 50% and the FOXO end of the agreement is fully executed. RNVA may already be above 50% equity. I haven't even bothered to mark that off, don't need to.

I don't need to interpret. I can read, and I understand how corporate equity works. They are separate entities, so what?

[satter]

That's an interpretation I don't adapt. ROXO can make its own independent decisions is one I do. I don't see language where assets & operations go to RNVA. I see loss of security collateral in case of defaults as possibility. They are separate enities.

Look if it makes you feel good, think it brings more value to shares you owned, go for it. I wish you success. GL.

[nfrequent]

In effect, RNVA does control. FOXO can't take a crap without RNVA. If the interim CEO went off the reservation, he would blow the deal, and all FOXO assets and operations would go to RNVA. The CEO and other FOXO principles would lose all they brought into it.

[satter]

I did not want to really go there but he was taken to court for Fraud which involves lying. What he said in that June 17th press release does not bear true right now as RNVA is not the controlling shareholder of FOXO.


FOXO is applying for a Reverse split, has listed the shares owned by RNVA/Seamus. Small percentage, no controlling.interest. He could exercise his option in the admended agreement, will he? is having controlling interest of FOXO a good thing?


https://www.sec.gov/Archives/edgar/data/1812360/000149315224042375/formpre14a.htm#aj_002

5% Beneficial Holders (Not Named Above)
Rennova Health, Inc.
400 S. Australian Avenue
Suite 800
West Palm Beach, Florida 33401 1,023,629

%


* less than 1%.

(1) Includes 237,037 shares of Class A Common Stock held by KR8 AI, an entity of which Messrs. White and Ward control.

(2) Includes (i) 3,333 shares of Class A Common Stock held by Mr. Barnes that are subject to forfeiture pursuant to the Management Contingent Share Plan; and (ii) 3,532 shares of Class A Common Stock underlying vested options held by Mr. Barnes.

(3) Shares are owned by Rennova Health, Inc., of which Mr. Lagan is the Chief Executive Officer.

[satter]

As I have said a few times, the Amendment grants RCHI the right to request the Company to exchange the Note into $20,000,000 of Series A preferred stock in the Company.


Currently RNVA does not have controlling interest, nor ownershipship. We do not know if they will exercise that option or continue to use the note.


I certainly will have no problem in acknowledging when and if at some point that happens.

[jay_tee]

Umm Seamus has lied before oh yeah he just reached a settlement for ummm you guessed it!! lol Seamus is azz. Even if he actually gets us off em one day and make me a few dollars he will still be azz unless it's some life changing event. Because after 7 yrs plus of no bid, that's what it will take for him to get off the toilet..

[satter]

Plain and simple, What I am saying it's not true now since the agreement was admemdeded.by him on Sept 17th.

Do you know what that amemeded agreement says?

Do you think the the agreement of Sept 17 is fake?

Do you think the information sent to SEC showing the ownership of RNVA/Seamus shares of FOXO is Fake?

[nfrequent]

The agreement was amended with a placeholder note until the FOXO structural terms can be executed, especially NYSE AMEX listing requirements. The note was written to readily convert to equity in different ways for different reasons at RNVA's discretion, not the other way around as it would if the FOXO interim CEO and previous board remained in control. "Change of control" is part of what the NYSE AMEX has to approve, SEC too.

[badshah]

No need to mince words...the simple question to you is "Seamus Lagan has issued a press release saying RNVA controls FIXO"...are you suggesting Mr Seamus lied?  Plain and simple...

[satter]

will be exchanged for $20 million of convertible preferred stock in FOXO (subject to certain adjustments).

That was written in June 17th. On Sept 14th the agreement was admemded. The 20 million of stock was not exchanged. Instead it was replaced with the 22 million dollar note.


RNVA did not released a new news up on their web site to reflect the Sept 17 agreements. FOXO did. Why didn't RNVA?


If you want to take those words over the signed written agreements on Sept 17th, go ahead, but legally what was agreed into writing submitted to the SEC, and also what was submitted as to what shares Seamus/RNVA owns of FOXO counts, not what was said in that June 17th news release is outdated.


It might have been the intention on June 14th for controlling shareholder but that seemed to have changed for funding instead, perhaps due to looming court settlement and toxic debt.


Not seeing anything great here. RNVA just released announcement where a restructering a debt was required with it's creditors. It means RNVA is not able to meet or honor it's current financial obligations with it's creditors. It's usually one step before bankruptcy propection.


I don't see where this agreement with FOXO will benifit RNVA other than that note helping to cover litigation penality & toxic debt, not going for company improvement and or expansion. Maybe I am missing something here.

[satter]

It seems to me, you and perhaps others are perhaps tieing the June 14th original agreement of 20 million shares as your reason for saying RNVA/Seamus has control.

However that was amended in the Sept 14th agreement and change to the 22 million note. The note is a secured loan, does not hand over control. It does come with strong enforcement options in case of defaults.

The admemdment though grants RCHI the right to request the Company ( FOXO ) to exchange the Note into $20,000,000 of Series A preferred stock in the Company.

[MJAM2020]

This is great! "They will dramatically improve access to capital to facilitate growth and expansion of these businesses and, subject to the closing of the Rennova Community Health transaction, Rennova will be the controlling shareholder of FOXO."


https://ir.rennovahealth.com/press-releases/detail/343/rennova-health-inc-announces-stock-exchange-agreements


Looking forward to seeing what the next moves are here. They are clearing hurdles one at a time. I like the monotonous approach we are seeing here. 


Imho
Mj

[satter]

You clearly say after the deal is done. So it has to be in writing in the deal. All I have been asking all this time is to show me where in any agreements, the deal, it states that. I was told to read them. I read them several times including before I was told to read.

So why don't you copy and paste where it says that for me. I just posted from the SEC filing ownership of shares of RNVA/Seamua of FOXO and it does not reflect controling interest.

I never saw RNVA/Seamus say "RNVA will be the controlling shareholder", .Your welcome to show me that, I question why no one has, but even if it does exist, it must be written in the agreement, the deal as you called it. I go by facts.

[badshah]

Satter...are you suggesting that RNVA/Seamus blatantly lied when he said "RNVA will be the controlling shareholder" after this deal with FOXO???

[jay_tee]

Sorry Ding but they don't. RNVA is still deeply in the red. They still have a ton of past and current "bad" debt. That's the reason for one more reverse split. I've stated more than once, a reverse isn't bad. It's what usually follows them. In RNVAs case it's has always been r/s then dilute. If there's a r/s with no need to dilute because of that cash, then it's all good. Pps will sustain itself and gradually increase. We only lose number of shares not the value...

[satter]

Does it look like he or RNVA has controlling interest of FOXO?



https://www.sec.gov/Archives/edgar/data/1812360/000149315224042375/formpre14a.htm#aj_002


1) RNVA & Seamus Lagan

Name and Address of Beneficial Owner Number of Shares of Common Stock (5) % of
Common Stock (6)
Directors and Executive Officers:
Mark White (1) 237,037

%
Martin Ward (1) 237,037
%
Bret Barnes (2) 11,865 *
Francis Colt deWolf III 0 -
Seamus Lagan (3) 1,023,629
%
Trevor Langley 0 -
Brian Chen 0 -
Tyler Danielson 0 -
Robert Potashnick 0 -
All current directors and executive officers as a group (four individuals) (4) 1,035,494
%
5% Beneficial Holders (Not Named Above)
Rennova Health, Inc.
400 S. Australian Avenue
Suite 800
West Palm Beach, Florida 33401 1,023,629
%


* less than 1%.

(1) Includes 237,037 shares of Class A Common Stock held by KR8 AI, an entity of which Messrs. White and Ward control.

(2) Includes (i) 3,333 shares of Class A Common Stock held by Mr. Barnes that are subject to forfeiture pursuant to the Management Contingent Share Plan; and (ii) 3,532 shares of Class A Common Stock underlying vested options held by Mr. Barnes.

(3) Shares are owned by Rennova Health, Inc., of which Mr. Lagan is the Chief Executive Officer.

(4) Our current directors and executive officers are: Francis Colt deWolf III (Director), Bret Barnes (Chairman and Director), Mark White (Interim Chief Executive Officer and Director) and Martin Ward (Interim Chief Financial Officer), Seamus Lagan (Director), and Trevor Langley (Director).

(5) These amounts are based upon information available to the Company as of the date of this filing.

(6) To our knowledge, except as indicated in the footnotes above and subject to state community property laws where applicable, all beneficial owners named in the beneficial ownership table above have sole voting and investment power with respect to all shares shown as beneficially owned by them.

2) FOXO

APPENDIX A



FORM OF CERTIFICATE OF AMENDMENT OF

CERTIFICATE OF INCORPORATION OF

FOXO TECHNOLOGIES INC.



FOXO Technologies Inc., a Delaware corporation (the “Corporation”) does hereby certify that:






“The total number of shares of capital stock that the Corporation shall have authority to issue is 2,010,000,000 shares, consisting of: (i) 2,000,000,000 shares of Class A common stock, having a par value of $0.0001 per share (the “Class A Common Stock” and “Common Stock”); and (ii) 10,000,000 shares of preferred stock, having a par value of $0.0001 per share (the “Preferred Stock”).

3) Seamus/RNVA v FOXO

Seamus Lagan (3) 1,023,629


5% Beneficial Holders (Not Named Above)
Rennova Health, Inc.
400 S. Australian Avenue
Suite 800
West Palm Beach, Florida 33401 1,023,629


* less than 1%.

(3) Shares are owned by Rennova Health, Inc., of which Mr. Lagan is the Chief Executive Officer.



“The total number of shares of capital stock that the Corporation shall have authority to issue is 2,010,000,000 shares, consisting of: (i) 2,000,000,000 shares of Class A common stock, having a par value of $0.0001 per share (the “Class A Common Stock” and “Common Stock”); and (ii) 10,000,000 shares of preferred stock, having a par value of $0.0001 per share (the “Preferred Stock”).

[Dingbatt]

Jay tee
At ,,0001 company can buy up half the float for 2 million so you constant blabbing of a reverse split does hold salt They have enough cash to make many moves

[jay_tee]

You do know if that's indeed the case, RNVA doesn't have to trade again for a very long time. This could sit on the em indefinitely and won't effect business operations whatsoever 

[Filterthenoise]

Why they so upset about it?

[LetGoodTimesRoll]

It's so REFRESHING to know that OUR CEO, Seamus Lagan, has controlling interest of BOTH entities.

Tic tock, $RNVA ==>$FOXO $$$$$$$$

[mwab52]

Good morning (RNVA-Land & Team).....🤑😎......Go (RNVA & Team)

[mwab52]

Good morning to one of the most likely best stock on the (OTC).....🤑🤑......jmo......I am still a Buyer and not a seller....🤑🤑...... Yet!!!!! Go (RNVA & Team)

[satter]

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT


https://www.sec.gov/Archives/edgar/data/1812360/000149315224042375/formpre14a.htm#aj_002

Name and Address of Beneficial Owner Number of Shares of Common Stock (5) % of
Common Stock (6)
Directors and Executive Officers:
Mark White (1) 237,037

%
Martin Ward (1) 237,037

%
Bret Barnes (2) 11,865 *
Francis Colt deWolf III 0 -
Seamus Lagan (3) 1,023,629

%
Trevor Langley 0 -
Brian Chen 0 -
Tyler Danielson 0 -
Robert Potashnick 0 -
All current directors and executive officers as a group (four individuals) (4) 1,035,494

%
5% Beneficial Holders (Not Named Above)
Rennova Health, Inc.
400 S. Australian Avenue
Suite 800
West Palm Beach, Florida 33401 1,023,629

%


* less than 1%.

(1) Includes 237,037 shares of Class A Common Stock held by KR8 AI, an entity of which Messrs. White and Ward control.

(2) Includes (i) 3,333 shares of Class A Common Stock held by Mr. Barnes that are subject to forfeiture pursuant to the Management Contingent Share Plan; and (ii) 3,532 shares of Class A Common Stock underlying vested options held by Mr. Barnes.

(3) Shares are owned by Rennova Health, Inc., of which Mr. Lagan is the Chief Executive Officer.

(4) Our current directors and executive officers are: Francis Colt deWolf III (Director), Bret Barnes (Chairman and Director), Mark White (Interim Chief Executive Officer and Director) and Martin Ward (Interim Chief Financial Officer), Seamus Lagan (Director), and Trevor Langley (Director).

(5) These amounts are based upon information available to the Company as of the date of this filing.

(6) To our knowledge, except as indicated in the footnotes above and subject to state community property laws where applicable, all beneficial owners named in the beneficial ownership table above have sole voting and investment power with respect to all shares shown as beneficially owned by them.

[C2Guy]

The latest FOXO Preliminary Proxy Statement, dated 10/24/2024, discusses the upcoming FOXO Reverse Split vote, list of directors (including Seamus Lagan), and percentages of common stock among directors.

https://www.sec.gov/Archives/edgar/data/1812360/000149315224042375/formpre14a.htm

[satter]

Like him I looked and came to the same conclusion he did. There are only the same places for us to look, that were posted online. Unless you feel you have the "right" places to look that we are not aware of.

How about you point out the "right" places, or even better, just copy and past where it says now RNVA controls FOXO, or runs it, or owns a majority ownership.

Than we can take that language to verify the claims being made.

We seem to be getting different variations. One is RNVA "controls" FOXO. Another is RNVA "runs" FOXO. I was told RNVA had "control" and "ownership" of FOXO.

Would it be possible to have it consolidated to one theory.

Having control of a company is not the same as running a company:

[satter]

Yes, this I debated by one of those members who has manifested and spread this misleading information. I asked for evidence of where it stated control, or alleged ownership. I received nothing.

For control or majority ownership, RNVA would need to own 51% of FOXO voting shares. If someone would show that, I would accept that presentation.

[diversified holdings]

No bro, you're wrong. It absolutely runs FOXO. If you looked in the right places, you'd know.

[jay_tee]

Dude Rnva doesn't control FOXO. That's all speculation manifested by members of this board. No where does it state Rnva has a controlling interest over FOXO 

[jay_tee]

Go give Rudolph some carrots. 

[Filterthenoise]

FUD about to find out

[satter]

Well I was exactly saying so far so good. I was pointing that this announcement indicates that RNVA is a distressed financial company, that RNVA might be trading away equity to creditors in exchange for this reorganization of debt. The creditors have extended secured debt of 8.2 million for one year. That is a lot of debt. Where is the incredible turn around you/we are witnessing?

[MJAM2020]

Very happy that RNVA didn't give up the revenue producing assets. We control FOXO we control those assets. Interesting move by Seamus. I wonder if this is how we reuplist to the bigger exchange? :) I'm sure more details to follow.

imho
mj

[jay_tee]

Mj as long as there's bad debt rnva is not profitable. No where does it state rnva is clearing 5 million dollars a year. Quarterly profits does not negate past and current debt. The question no one is asking is Why give up two potentially multi million dollar profit revenue generating assets which in a few years, will surpass the 20 million dollar value options or whatever Seamus received in return? I'm sure it's probably due to taxes and litigation. Hey it's been 10 years what's a few more? Why include FOXO? There's really no need for FOXO 

[MJAM2020]

Yes agreed so far so good. RNVA is still kicking after 4 or 5 reverse splits and revenues dropping to like $3M a yr. Pretty incredible the turn around we are witnessing here. It may still take more time. But in 20 yrs of trading I don't think I've ever seen a another .0001 regardless of share count doing $20M revs and $5M profits. These rural areas need healthcare. Hopefully Rennova has to recipe to deliver it in a profitable manner. Glad the markets look forward and not backward.

Let's see what the rest of the year brings.

imho
mj

[satter]

In other words, a distressed company announcing reorganization with its creditors to help stay in business is the way I usually read these type of announcements. Did it ( RNVA ) exchange anything like equity to these creditors for this foregiveness of some their debt.? See below.

Sure I expect to see positive comments on this, in the PR pitch, that the investors have confidence in the company and its recent achievements, however likely they are faced with enforcing default options, that would have a drastic impact on the company and on their investment so they are likely stuck with this option. For me it's not a sign the company is in a good financial position, rather the opposite.

In addition, we are in discussions about other potential modifications to debt and other securities in the hope we can secure additional amendments that further improve our overall financial position.”

[satter]

Yes and him settling means he is cutting his loses, and like you said never should have happened in the first place. The settlement likely will not include an admission of guilt though most view paying millions is a sign of some guilt, the stigma.

[MJAM2020]

Some heavy lifting done in 2023 and 2024. Excited to see the next update here or at FOXO if that is how they choose to communicate going forward. Will be very interesting to see the terms of the recent settlement. Anything that doesn't close the doors for good is a win for the company. Profits have a funny way of taking care of legacy issues even if it takes time. Bring on 2025.

imho
mj

imho
mj

[MJAM2020]

RENNOVA HEALTH, INC. ANNOUNCES SIGNIFICANT DEBT RESTRUCTURING
Download as PDFOctober 25, 2023
WEST PALM BEACH, Fla., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTC: RNVA) is pleased to announce a significant debt restructuring with its primary institutional investors. The restructuring extends the maturity date of approximately $8.2 million of secured debt to December 31, 2025, waives historical events of default and removes and/or modifies certain events of default and definitions. In addition, the Company does not expect to recognize default interest in future periods subject to remaining in compliance with covenants and other obligations.

“We are pleased in the confidence our primary institutional investors have in our Company and its recent achievements,” commented Seamus Lagan, Chief Executive Officer of Rennova. “The debt restructuring improves our balance sheet and will save approximately $1.5 million in interest expense annually. In addition, we are in discussions about other potential modifications to debt and other securities in the hope we can secure additional amendments that further improve our overall financial position.”

About Rennova Health, Inc.

[MJAM2020]

RENNOVA HEALTH, INC., ANNOUNCES THE EXPIRATION OF WARRANTS TO PURCHARE OVER FOUR HUNDRED BILLION COMMON SHARES
Download as PDFMarch 26, 2024
WEST PALM BEACH, Fla., March 26, 2024 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTC: RNVA) announces that certain Series A, B and C warrants to purchase approximately 403,788,906,644 shares of common stock expired on March 21, 2024, and that on March 20, 2024, the Company and certain institutional warrant holders agreed that, with regard to Series B Warrants to acquire 101,350,000,000 shares of common stock, subject to certain terms, the termination date of such Warrants would be extended from March 21, 2024 to December 31, 2025.

“The expiration of such a large number of warrants significantly reduces potential dilution to common shareholders,” said Seamus Lagan, CEO of Rennova, “and extending a number of warrants as agreed, preserves the Company’s ability to access additional capital through warrant exercises if market conditions permit.”

About Rennova Health, Inc.

[MJAM2020]

RENNOVA HEALTH, INC. CEO PROVIDES JANUARY 2024 MESSAGE TO SHAREHOLDERS
Download as PDFJanuary 16, 2024
WEST PALM BEACH, Fla., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTC: RNVA) Chief Executive Officer, Seamus Lagan provides the following message to shareholders.

Dear Fellow Shareholders,

As we begin 2024, I want to provide an update on some of our recent accomplishments and outline our plans for the future.

Our efforts in recent years to build and sustain a viable business model for our healthcare services operations have gained momentum. 2023 was a significant year for the Company both operationally and financially. We are making great strides on both fronts as we seek to build a strong foundation to serve our patients and our communities and position the Company for long-term growth.

2023 Operational Highlights

Established robust inpatient services at our flagship hospital, Big South Fork Medical Center.
Achieved growth in emergency room and outpatient services.
Commenced a swing bed service line.
Opened a behavioral health treatment facility offering residential and inpatient detox services and outpatient, office-based opiate treatment services via our wholly-owned subsidiary Myrtle Recovery Centers, Inc.
2023 Financial Highlights

Significant net revenue growth.
Debt reduction.
Debt restructuring.
InnovaQor, Inc. (OTC: INQR) update.
Established robust inpatient services. 2023 saw inpatient admissions increase by over 75% compared to 2022; this service line was effectively shuttered in late 2020 and early 2021 due to COVID-19 and related matters. In fact, inpatient admissions in 2023 were stronger than in 2019 (pre COVID-19). Vibrant inpatient services mean that most patients who come to our emergency room for treatment no longer need to be transferred to other regional hospitals for inpatient care.

Growth in emergency room and outpatient services. Our ER and outpatient services activity increased by 4% and 8% year-over-year respectively demonstrating the continued, stable demand for such services.

Commenced a swing bed service line. The hospital initiated a swing bed service line—a valuable, profitable service that is helpful to the local communities and other nearby providers.

Opening of a behavioral health treatment facility. We formed a new subsidiary, Myrtle Recovery Centers, Inc., and opened residential and inpatient detox services and outpatient, office-based opiate treatment services at our Big South Fork Medical Center campus in August 2023.

Significant net revenue growth. Growth in net revenues in the third quarter 2023 compared to the prior year’s quarter was 25% reflecting increased patient activity at the hospital and higher reimbursement rates. The Company reported net revenues of approximately $14.8 million for the nine-months ending September 30, 2023 and, therefore, expects to report a significant increase in full year net revenues compared to approximately $13.0 million in net revenues that were reported for 2022.

Debt reduction. Debt from year-end 2022 to September 30, 2023 was reduced from $14.5 million to $11.6 million—a reduction of $2.9 million through debt pay-downs and/or negotiated settlements.

Debt restructuring. We successfully negotiated a debt restructuring with a key institutional lender holding $8.2 million of secured debt in October 2023 to extend the maturity to December 2025 and implement other modifications which waived historical defaults thereby saving default interest in future periods. This restructuring will further improve our balance sheet at December 31, 2023.

InnovaQor, Inc. (OTC: INQR) update. InnovaQor in 2023 initiated and continues to develop Curallo, a next-generation communication platform for medical professionals that will offer subscription-based services. We believe the success of InnovaQor will benefit Rennova and its shareholders.

Moving forward

We began 2024 with positive operational momentum and seek to build on recent achievements to: (i) further expand our healthcare services offerings in the communities we serve, (ii) consider options to reopen or create value from our closed hospital property, (iii) continue to improve our balance sheet and overall financial condition, and (iv) further reduce litigation and related costs.

Consideration for expansion of healthcare services will include our hospital-based services and behavioral health services provided by Myrtle Recovery Centers, Inc. We continue to evaluate the best ways to create value for Rennova and its shareholders from our investments in InnovaQor, Inc.

We appreciate the support of our shareholders and look forward to increasing shareholder value in 2024.

Best regards,

Seamus Lagan
Chief Executive Officer

[MJAM2020]

A potentially exciting end of year lining up for some of my Spec plays. RNVA seems to be working thru the weeds. IPTK who's working on an Australian listing just had 2 form 4's showing they might be close to working out terms we have been waiting on. And after 4 yrs of mining this free crypto Pi on my phone it appears they are prepping to take that live before the end of 2024. Pi map app starting to show stores and sellers all over the world ready to accept Pi as a form of payment. I don't care what that thing opens at. After 4 years I'm just ready to see some kind of actual value. Pretty exciting project there.

Could be a very interesting close to 2024!

imho
mj