Rennova Health Inc (RNVA)

[Bidsmaker1]

RNVA stock price action during dilution cycles is determined by the maximum percentage of spread profits MMs can make on a per trade basis. This is why you see high volumes with 8%-9% spreads. When the spreads decrease to less then MMs targeted returns then volume decreases. MMs will then change tactics to draw in new rounds of retail buying. Depending on supply they will
1. Let small volumes trade sideways
2. Drop PPS to increase retail activity to a point that yield spreads are again maximized or
3. Start buying to attract new retail buying then increase yield spreads into that volume or
4. If shares dry up and supply is limited MMs will naked short provided they know the lenders will provide new shares