Rennova Health Inc (RNVA)

[bybtrader]

Let's do some simple math: About a year ago (June 30, 2017) $RNVA had 13.4 million O/S shares and the PPS was $5.5 on June 30th. Which means the MC was around $73.7 million.

Despite the 2 hospital acquisitions that happened since then, let's assume the MC should be the same. With the current 500 million O/S, this corresponds to PPS of $0.147.

This tells us that the current hugely undervalued PPS is mainly due to the investor perception that RS and OS increase to be approved.

So what if it get rejected? (which we all know it won't - given away by the 2 postpones already)

On May 9, when the rejection is announced, I expect the PPS to at least reset back to where it needs to be $0.147. Which means roughly an 600% increase from today's PPS. Considering the 2 recent hospital acquisitions, this could be anywhere between $0.25 to $0.50 IMO. What do you think?

$RNVA