Rennova Health Inc (RNVA)

[T-Hawk]

This does not mean a R/S won't happen before the end of the year. The context of this quote matters significantly. Some are really struggling with understanding this.

This tweet was made during the time the board was requesting sharholders authorize an increase in A/S to 3 billion shares and allow a R/S. The tweet was a response to a question essentially asking if a R/S was still going to happen. Around that time the company realized it did not have the votes for a R/S and pulled the request. Since the R/S was not being put to vote Seamus correctly stated the company cannot do a R/S as it was already publicly known the request was pulled by the company. Only the increase in A/S was presented to shareholders for a vote and passed.

This tweet does not mean (and was not meant to infer) that no R/S would happen in the future. It was only meant in response that a R/S could not happen at that time as part of the shareholder vote.

Since this tweet was made the company has filed a 14C announcing it has the approval to perform a R/S anytime between now and September 2019.

The timing has not been determined. It may or may not happen in 2018. But it can happen if and when Seamus and the Board decides they want to do it.

@seamuslaganRH
Jun 21

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We cannot do a reverse split. That information is already in the public domain