Rennova Health Inc (RNVA)

[dallavise]

I personally believe this is a damaged company with legitimate intentions to be back in NASDAQ. That may include another R/S, but not soon, and not before they do major reparations to the pps. There are so many news stories that are imminent:

1. Spinoff companies
2. Closing of purchase of Jamestown Hospital
3. Pending litigation or and/or settlement with CIGNA.
4. Financials, which if the CEO is not a liar, should be improved.

That’s just a start. There are so many pieces to this company they could do a PR deluge if they wanted.

I admit NASDAQ reentry is a clear home run, and I doubt anyone would bet their life on it at this point, but...
1. Two R/S in recent past with no pathway for third in near future.
2. No chance for dilution in near future
3. About to close on a $90M rev. hospital
4. PPS is literally a penny!

Even if this is a POS, above is enough to tell me still an undervalued POS. C’mon, it’s a penny.