Rennova Health Inc (RNVA)

[Bidsmaker1]

Playboy I am staying away from posting predictions since there are a number of factors at play right now that can impact the PPS.


To gauge where this will go you should keep a close track of the OS since this will tell what amount or percentage of the committed AS (Lenders) and the quantity of AS (RNVA) that enters the market. The SABBY note heavy diluted RNVA so look at the notes and match that against OS. I can tell you that when a lender closes out converted shares that they sell those very large blocks in their entirety to MMs. Another way to find this will be in the next 10Q since the debt reduces each time the lender sells converted shares.

The other considerations for RNVA are this:

Will RNVA do another AS increase this year? If so, more dilution although it is unlikely that those shares would be used in the same manner as the previous shares with SABBY. This is because the financial capability of RNVA should improve over time as revenues come on line.

Also, as debt is paid down the assets that were encumbered then are unencumbered and can effectively be reused as collateral making the need for another AS increase less needed in the future. All speculation at this point but something to consider.

As I have said numerous times the PPS has yet to adjust to actual value. This will happen but not in the short term. Since no RS is on the table and I do not think RNVA could actually be approved for a RS, then the most viable option becomes another AS if needed.

I believe the business model of RNVA does work and will simply ride out the dilution.