Rennova Health Inc (RNVA)

[powerbattles]

I truly think we have a winner here. Per CEO speak on the video... RNVA will turn around and manage to break even this year.

On December 19, 2016 they IPO able to raise $12,350,000 public offering. This is why the pps decreasing so much is because...

"the underwritten public offering of 12,350 shares of its Series H Convertible Preferred Stock at a per share price to the public of $1,000. The Series H Preferred Stock has a stated value of $1,000 per share with each share convertible into 11,111 shares of common stock, at a conversion price of $0.09 per share.

12350 shares of its Series H Convertible Preferred Stock each share can convert into common stock at the rate of 11,111 so 12350 x 11,111 = 137,220,850 share at the price of .09 cents per shares. This is why the stock is sinking they do 2 times r/s and these jokers keep dumping to .09 cents. Then...

On March 16, 2017 Rennova Health, Inc. Announces $15,794,500 Private Placement of Convertible Notes and Repayment or Restructuring of Existing Debt this amount with the term of 2 years issued for new cash consideration of $8,750,000 and $4,944,500 of the debentures will be issued in exchange for outstanding convertible debt and Series H Preferred Stock of the company. The debentures are initially convertible at $1.66 per share.

On September 01, 2017 they did this again in order to lower the debt ratio

Rennova Health, Inc. Announces $9,016,136 Private Placement of Convertible Notes and Repayment or Restructuring of Existing Debt


Below is the condition of the term:

"Simultaneously with the offering of New Debentures and Warrants, pursuant to Exchange Agreements, the holders of the Company's Original Issue Discount Debentures issued on July 17, 2017 and due October 17, 2017 will exchange $4,136,862 principal amount

Furthermore, carry forward on August 8, 2017, announces that it has entered into a Securities Purchase Agreement (the "Purchase Agreement") with certain existing institutional investors of the Company. Pursuant to the Purchase Agreement, the Company has agreed to issue $4,960,000 in aggregate stated value of Convertible Preferred Stock.

THIS IS THE FINAL TOXIC AND THE NOTEHOLDERS GOT STUCK AT .15 CENTS. THIS IS THE TIME I NOTICE THE CONVERSION ISSUES NEAR AN END. DUE TO THE TERM OF THE AGREEMENT. ANY NOTES REMAIN THEY CAN'T CONVERT THAT IS BECAUSE OF PPS IS .15 CENTS.

THE MANAGEMENT DID AN AWESOME JOB TO RESTRUCTURE THE DEBT AND ABLE TO PAID DOWN THE ENTIRE DEBT WITHIN SHORT TIME FRAME.

YES, DILUTION THE SHARE IS HURT BUT THAT IS ONLY TEMPORARY.

THEY STILL HOLDING THE ACE CARD WHICH THEY'RE GOING TO DO THE IPO AND WHEN THAT IS HAPPEN THE STOCK WILL RECOVER QUICKLY. IMHO.

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