Rennova Health Inc (RNVA)

[lowtrade]

When a company does a reverse split sat 10 to1 it lowers the OS 10 times and raises the stock price 10 times. So you haveless stock but worth more and you end up with the same amount of cash invested.

Example: A/S 3 bil OS 2.4 bil 600m available

You own 10k shares @ .10 = $1,000

There is a 10 for 1 split;

You own 1k shares @ $1 = $1,000

The 2.4 bil OS turns into 240 mil OS leaving 2.7 bil available.

Now the OS isn't filling up the A/S because there are 10 times less OS, leaving room to sell stock.