Rennova Health Inc (RNVA)

[powerbattles]

The Preferred Stock may be converted into common stock at any time at a conversion price equal to the lower of 85% of the market price or $1.00.

I THOUGHT 85% OF ONE DOLLAR. WOW....NOW IS EVEN BETTER.

IT SAID ONE DOLLAR IS THE STOP MARK. NOTE THE KEY WORD OR $1.00

MAKE NO MISTAKE: IN AUGUST 8, 2017 STOCK TRADE AT $5.40
TO REMAINING ON NASDAQ. THE COMPANY INSTRUCT THE TERM AND PUT THE STOP AT $1.00 THAT IS TO PROTECT THE COMPANY.

The Preferred Stock may be converted into common stock at any time at a conversion price equal to the lower of 85% of the market price or $1.00. The Preferred Stock does not include any security interest in assets of the Company or any fixed dividend rights and the Company is not required to file a registration statement for the shares of common stock underlying the Preferred Stock.

http://www.marketwired.com/press-release/rennova-health-inc-announces-4000000-funding-from-private-placement-convertible-preferred-otcqb-rnva-2238772.htm