Rennova Health Inc (RNVA)

[angeloh]

Greetings PB...
So are you saying the A/S is voted on by shareholders as well..?
If so, do they really expect us to vote for that when we voted down the RS..?

R/S NOT PAST AND SOON A/S NOT PASS. MATTER OF FACT NOTHING WILL PASS.
IT'S WRITING IN STONE: THEY KNOW AND PLAY THE GAME WELL. LET'S THINK ABOUT THIS. WHY THEY NEED TO INCLUDED THIS LINE ON THEIR FILES?

"If the Company does not obtain Shareholder Approval at the first meeting, the Company shall call a meeting every four months thereafter to seek Shareholder Approval until the earlier of the date on which Shareholder Approval is obtained or the Debentures are no longer outstanding. The Company shall file the preliminary proxy for Shareholder Approval within 15 days of the Closing Date.

"4.17 Capital Changes. Until the one year anniversary of the Effective Date, the Company shall not undertake a reverse or forward stock split or reclassification of the Common Stock without the prior written consent of the Purchasers holding a majority in principal amount outstanding of the Debentures, provided that this Section 4.17 shall not apply in connection with any reverse stock split of the Common Stock conducted to maintain compliance with the listing standards of the Nasdaq Stock Market.