Rennova Health Inc (RNVA)

[JOHNNY-VEGAS]

Balance sheet is horrible there is no catalyst that's a fact.
Only shorting from here you can make money.
investors use price ratios. Price ratios are simple tools which show how this stock PPS death spiral back to the 0.000's. It's very simple fact in fact in a certain sense the company itself is warning bagholders to stay away.

>> OUR NET LOSS FROM CONTINUING OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2017 WAS $50.9 MILLION, AS COMPARED TO $22.6 MILLION FOR THE SAME PERIOD OF A YEAR AGO. THE CHANGE IS PRIMARILY DUE TO THE DECREASE IN OPERATING EXPENSES OF $5.1 MILLION AND THE INCREASE IN REVENUE OF $1.3 MILLION OFFSET BY $12.4 MILLION ADDITIONAL EXPENSE RELATED TO THE VALUE OF DERIVATIVE LIABILITIES, AN INCREASE OF $15.2 MILLION IN INTEREST EXPENSE, THE DECREASE OF $5.3 MILLION IN OTHER INCOME (EXPENSE), AND ADDITIONAL INCOME TAX EXPENSE OF $1.8 MILLION. <<<


>> AT DECEMBER 31, 2017, WE HAD NO CASH ON HAND FROM CONTINUING OPERATIONS, A WORKING CAPITAL DEFICIT OF $21.5 MILLION AND A STOCKHOLDERS' DEFICIT OF $40.6 MILLION. IN ADDITION, WE INCURRED A LOSS FROM CONTINUING OPERATIONS OF $50.9 MILLION FOR THE YEAR ENDED DECEMBER 31, 2017. OUR CASH POSITION IS CRITICALLY DEFICIENT AND PAYMENTS CRITICAL TO OUR ABILITY TO OPERATE ARE NOT BEING MADE IN THE ORDINARY COURSE. OUR FIXED OPERATING EXPENSES, INCLUDING PAYROLL, RENT, CAPITAL LEASE PAYMENTS AND OTHER FIXED EXPENSES, INCLUDING THE COSTS REQUIRED TO OPERATE BIG SOUTH FORK MEDICAL CENTER, WHICH BEGAN OPERATIONS ON AUGUST 8, 2017, ARE APPROXIMATELY 1 DOLLAR .5-$2.0 MILLION PER MONTH. <<LOL..