Rennova Health Inc (RNVA)

[Bidsmaker1]

Another act of desperation by RNVA CEO Seamus Lagan. Every time this guy comes out with something new it's always screw the retail investors. So now he wants to do a 1/10,000 reverse split. Don't let the "up to" and "board of directors" lingo fool you. With over 50 percent voting control this is entirely Seamus Lagan

So a 1/10,000 reverse split at .0004 makes every 1,000,000 shares into 100 shares. At .0004 (assuming that's the pre split pricing) your 100 shares per each million could become 100 X 4.00 = 400

The warrant holders will immediately exercise on warrants which is probably why RNVA warrants are up over 500 percent today. Then RNVA will have reduced 10 billion authorized shares to 1,000,000 shares trading at 4.00 per share.

This is likely to happen close to the next 10Q since RNVA coordinates events to favor its lenders.

Then SABBY will take its remaining 9.9 percent and dump into the retail market (MMs) after first reaping massive gains by exercising low cost warrants and RNVA gets capitalized by the warrants while shareholders get massively screwed once again.

While this possibly allows RNVA to uplist and most likely spin off the price per share is in my opinion highly unlikely to gain enough that shareholders to date will ever recover their invested capital.

I have never seen a CEO who so blatantly "in your face" screws over shareholders tens of millions of dollars.

He dedtroyed medytox then went on NASDAQ as RNVA and destroyed it again. He now wants to go back on a higher exchange as a $4.00 per share stock with 1,000,000 AS and won't hesitate to destroy current shareholders to get there. Don't be too surprised to see him try to bring on institutional money so he can start to entire process over yet again.

The company seems to finally be making money so it's a tragic shame to have a real company being run by a guy that uses shareholders for his personal gains. I still wonder about the mysterious Irish company in the background. Did it short RNVA all the way to it's current levels? Don't know but like the consultant company that Seamus Lagan used to gain majority control of RNVA after destroying its value anything is possible.

Love to hear any alternative viewpoints but I doubt there will be very many. In particular please respond on how this is good for RNVA current shareholders.