Rennova Health Inc (RNVA)

[Bidsmaker1]

Long term hold is the only real RNVA play. I don't try to encourage or discourage any trader from any strategy but I do appreciate a realistic trading strategy.

Its not to hard to understand the dynamics involved in the market and I have appressed that numerous times. With some insight the trading patterns are very predictable. Currently we see massive dilution since one or more notes were converted and sold to MMs. We can also see that RNVA is making good progress. Most recently RNVA announced they are approved to submit billing backdated to June 1, 2018 With the Jamestown hospital and the Oneida hospital revenues on line the financial situation will slowly turn around for RNVA. I do not expect any overnight success story but I do expect a success story. I believe it will take 18 - 24 months to turn this around. That allows enough time to stabilize cash flow, extinguish or restructure debt. The PPS will continue to suffer especially since there are notes that have conversion rights due September 2019. In short, more dilution this coming September.

The other considerations are that RNVA could be forced to increase AS within the next year or two. This would of course be more dilution. I do not think shareholders need to be concerned about a RS anytime soon but prior only to making a move back to NASDAQ.


I do believe this is a very strong turnaround stock on a long term basis