Rennova Health Inc (RNVA)

[dade]

Interestingly, the last day the shares experienced a daily gain was after the CEO, Seamus Lagan, issued a letter to the shareholders stating that “… as part of our plan to regain compliance with NASDAQ’s stockholders’ equity continued-listing requirement, in the near future Rennova intends to spin-off to its stockholders our genetic testing division, Advanced Molecular Services Group, Inc. (AMSG), and our IT and Software division, Health Technology Solutions, Inc. (HTS).” That division had received over $20 million in investments from the company and, as of today, the entire worth of Rennova Health Inc (OTCMKTS:RNVA) is less than $700,000.