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Didn't read the email.. Give me a sec to do so
You could buy all the shares you want all the way down to .0 and they will be worthless after the RS and additional 7 Billion dilutive shares being issued.
Item 1.01. Entry into a Material Definitive Agreement.
On July 20, 2018, Rennova Health, Inc. (the “Company”) filed a Certificate of Designation with the Secretary of State of the State of Delaware to authorize the issuance of up to 250,000 shares of Series J Convertible Preferred Stock (the “Preferred Stock”). On July 23, 2018, the Company entered into an Exchange Agreement (the “Agreement”) with Alcimede LLC (“Alcimede”), of which Seamus Lagan, our Chief Executive Officer, is the sole manager. Pursuant to the Agreement, the Company issued to Alcimede 250,000 shares of the Preferred Stock in exchange for the cancellation of the outstanding principal and interest owed by the Company to Alcimede under the Note, dated February 5, 2015, and the cancellation of certain amounts owed by the Company to Alcimede under the Consulting Agreement between the parties. The total amount of consideration paid by Alcimede to the Company equaled $250,000. The following is a summary of certain terms of the Preferred Stock.
General . The Company’s Board of Directors has designated 250,000 shares of the 5,000,000 authorized shares of preferred stock as the Preferred Stock. Each share of the Preferred Stock has a stated value of $1.00.
Voting Rights . Each holder of the Preferred Stock shall be entitled to vote on all matters submitted to a vote of the holders of the Company’s common stock. With respect to a vote of stockholders, .no later than September 30, 2018 only, to approve either or both of a reverse stock split of the Company’s common stock and an increase in the authorized shares of common stock from three billion shares to up to 10 billion shares, each share of the Preferred Stock shall be entitled to the whole number of votes equal to 12,000 shares of common stock. With respect to all other matters, and from and after October 1, 2018, each share of the Preferred Stock shall be entitled to the whole number of votes equal to the number of shares of common stock into which it is then convertible. The Preferred Stock shall vote with the common stock as if they were a single class of securities.
Read the above VERY slowly...
My take--- Seamus Lagan (CEO of RNVA AND SOLE MANAGER OF ALCIMEDE) basically bought ($250K debt note) the right to approve the RS AND increase the AS to 10 Billion from 3 Billion. The 250K preffered J shares will be given a vote of 12K shares per each 1 share of the 250K preferred...or in other words...3 Billion vote control! 7 Billion shares @ .0007 is worth 4.9 million....what will those shares be worth after a huge RS?
A RS will wash out EVERYONE here and leave Mr. Lagan with a Shizz load of shares to sell to institutional investors which will then DUMP into retail AGAIN!
How many of those 5 Billion shares do you think will hit the market over the next few weeks to months?
News......
Back to News Results
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by the Board of Directors of Helios and Matheson Analytics Inc.
2:02 pm ET July 27, 2018 (Globe Newswire) Print
Levi & Korsinsky announces it has commenced an investigation of Helios and Matheson Analytics Inc. ("Helios and Matheson" or "the Company") (NASDAQ: HMNY) concerning possible violations of federal securities laws. Helios and Matheson is the parent company for MoviePass, a subscription-based movie theater ticketing platform.
On July 27, 2018, shares of Helios and Matheson plummeted after the Company filed a Form 8-K with the U.S. Securities and Exchange Commission acknowledging that an outage of the MoviePass service on July 26, 2018 was due to the Company running out of funds. According to the filing, Helios and Matheson was forced to borrow more than $6 million to resume operations. Following this news, shares of Helios and Matheson were down 59% on intraday trading on July 27, 2018. To obtain additional information, go to:
http://www.zlk.com/pslra-d/helios-and-matheson-analytics-inc
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
https://resource.globenewswire.com/Resource/Download/ac93d66b-f8d2-429d-9026-c5b32b0ac0ee?size=1
Anyone here have a valuation of HMNY based on current SS & PPS
DCB is over....this will languish its way down to a nickel or below. Institutional holders will now take your money all the way down until they are out of the play.
BLKCF barely went up on the BTC surge in relation to other tickers, but yet now it's dropped more than all the other tickers.... Selling under the veil of BTC dropping. Too funny!
So whatever happened with the soft smart 2.0?
Man, if I were Farnsworth I'd be increasing my security detail, if he hasn't already! He has cost ALOT of people a TON of money!
Wow... Explode on what? You, nor anyone else "should" know the potential of
the speculated in-coming companies buisness, earnings, debt, etc. but yeah, this is gonna explode upward... Might not be such a god thing IF it did explode upward based on the scrutiny as of late!
Here's the deal for LRDR... If JA foolishly announces a RM at this point, the incoming Company will be scrutinized heavily by ALL those in authority. Fun fun.. EOM
Someone's has done their DD. Good work!
And there you have it.... Hey Clay, are you able to predict a run before it happens, or are you just an arm chair quarterback posting shizzz vids after the fact!? Seems you are popping up alot just after me.
Thanks for the timely reply! I all of a sudden couldn't think straight after spending the day in the Florida sun drinking way too many vodka tonics!
These companies almost always use that as a ploy to get you to hold through the carnage. You wouldn't believe how many of those type of shares I hold in my account from years ago when I didn't know any better. It's really sad! Sharks!!
Bob, if the RS went into effect @4:01 today, does that mean anyone buying now will not be effected by the RS? Meaning if they buy now they won't get the 250/1 and basically get washed out? I'm NOT knew to this at all, but the timing of the effectiveness has me a bit puzzled.
So their going to announce the institutional offering after the RS....damn that's cruel because we all KNOW institutions get their shares for WAY less than retail. That to me, along with the 5 Billy AS increase says "look out below AGAIN!!!!! This is pure abuse of retail
It "should", but then again...some people just like throwing money away as they have for weeks now! Unbelievable.
You could buy $10K worth right now and have roughly 465 shares in the morning.... And then wait for the 5 BILLION to start unwinding!! NO THANKS!!
Strange how this is barely holding while the industry is heating up!
If only I had a crystal ball at that time... LOL
Correct, now would NOT be a time to short this because the risk to reward is almost zero
Yup!! Sad, Farnsworth should be ashamed at were this stock once was.
Now we just wait for Clay... LOL
Yup. This was a great stock to open a short around $2 and just let it ride! :)
8K out..
I find it rather strange that you have been correct in your analysis of HMNY, but yet people are still trying to discredit you. Hmmmm As I stated before. Hmny--- .02-.04
Wrong, it was "All in the name of reporting suspicious BS". IF there is no wrong doing, then why the silence for all four tickers?!
LRDR
Ding ding ding... We have a winner!
Sure looks like JA really cares about shareholders on the upside speculation (hence the documented communication between him and investors prior to the RM's), but yet not so much once the play is over.
It's very easy to find JA's past plays, "IF" one actually does their DD on ALL of his past deals over the years! Can you say Pump and Dump followed by high RS's?
Oh wait, do I already hear comments in regards to the anomaly called Nug%.
LRDR
Please elaborate....
Thank you for the link. I definetly see your point, but did you search through all 6,000 plus California zip codes?
I guess I'm clueless here...can you provide the link? Thanks
I'm sorry to say this to you elkonig, but it's become abundantly clear to me that peeps just don't care about facts and past DD related to the situation... They are ONLY concerned about the speculative nature of today. But, once the potential run starts they ALWAYS begin updating the Ibox, posting about the Companies potential, SS, numbers, income, ect. etc....anticipating/knowing beforehand that which newcomers are and will want to know prior to taking a position, to which they had (allegedly for a few) ZERO info of... Funny how that works isn't it?!
As is to your opinion as well.
Bold statement prediction--- all non Bitcoin plays are going to suffer over the next month or so... Mark this post!
CYPE
What link?