Rennova Health Inc (RNVA)

[la_trader]

suggestion, stay more current with news, 8k out today afterhours.

if there is a conversion allowed it is not until the maturity date of the original agreement- 09/19/2019

in the interim, the preferred holders may continue to receive interest payments. I am not sure, just a guess.

As for how many shares it would be if a conversion is allowed, it depends. When investors convert preferred shares to common shares, the company debits the preferred stock account and credits the common stock account. If the common stock price at time of conversion is more than the par value of the preferred stock, then the company debits retained earnings for the difference between the two prices. - very generally speaking. -there is much more to it and it is not a simple 1-1 or 1-10 formula. it is purely driven by share prices and other variables like paid in capital, deal structure, etc.

Either way you may be overlooking the fact that big money wants to remain involved for a longer term and has confidence in the company's future / upside.