Rennova Health Inc (RNVA)

[Bidsmaker1]

The lack of a large price drop on news of the RNVA pending RS and AS increase signals the intentions IMO of the MMs. If the floor price (price MMs buy cleared shares from the lenders including built in profits was significantly LOWER then current PPS) shareholders would be seeing a far lower PPS today. That has not happened and price action is sideways on lower volume and higher yields. That means MMs in coming days will either allow PPS to drop to entice new buying or will buy shares to give the impression of strong demand to drive PPS up. There is a window of opportunity here since its the fear of buying in the face of an RS and AS increase that has bottomed out volume. The most logical conclusion is that MMs will soon push PPS back up then wait for delivery of new rounds of cleared shares from the lender. I have not looked at recent lending activity or at time requirements which could place a future date on conversions. If exchange agreements allow for debt to convert via convertible preferred shares then any shares committed by RNVA could enter the market almost immediately. This is fairly common with follow on financing since it allows toxic lenders to immediately convert, clear and sell discounted shares to MMs.

I suspect this is in part what is going on behind the scenes. Of interest is the RS in combination with AS increase. Is this a straight up stinky pinky move or is there more to it. If it were a straight up stinky pinky move to dilute shareholders from previous AS increase then RS and sell the new AS there would not be any need to buy hard assets and generate revenues since its pretty much market hype that allows this to happen.

I do think the AS increase allows RNVA to make additional acquisitions and the RS allows RNVA to bring the stock back into a manageable range provided the AS occurs first and the RS is for consolidating share structure at a later time. I also note that Seamus publicly noticing BOTH THE AS AND THE RS AS WELL AS HE PERSONALLY BEING THE ABSOLUTE PARTY IN CONTROL OF THE SHAREHOLDERS sends a very strong message as to his future plans.

This changes the game plan since it effectively curtails flippers ability to do high volume 1 tic flips. Interesting

I do think many shareholders are misreading this though