Rennova Health Inc (RNVA)

[Deagle]

YES, they do HAVE the money in hand..They have possession of the new hospital acquisition in a few days AND... Yes, they do HAVE the money "in hand" for planning purposes...they get the money in hand by trading the shares they traded with the TWO institutional investors, not you and me. Those shares WILL NOT convert for another 1 1/2 years. This is what the 8K showed to those who have seen it on the OTC filings page.

They are NOT converting any of those 8K shares, because they are restricted until SEPTEMBER, 2019....that is 1 1/2 years from now. Handing the investor or investors the shares in trade for cash is merely a formality and is probably already completed if the closing took place already on MAY 21st as expected.

1st agreement:
Under the Issuance Agreements, the Company will issue $1,240,000 aggregate principal amount of Senior Secured Original Issue Discount Convertible Debentures due September 19, 2019 (the “Debentures”) and will receive proceeds of $1,000,000. The closing of the offering is expected to occur on May 14, 2018, subject to customary closing conditions.

2nd agreement:
Under the Issuance Agreements, the Company will issue $2,480,000 aggregate principal amount of Senior Secured Original Issue Discount Convertible Debentures due September 19, 2019 (the “Debentures”) and will receive proceeds of $2,000,000. The closing of the offering is expected to occur on May 21, 2018, subject to customary closing conditions.

So yes, if they closed on MAY 21st as they expected in this 8K filing, then they already have the cash to use as they see fit.