Rennova Health Inc (RNVA)

[Bidsmaker1]

Lots of ways this can play out but without being an insider it's pure speculation at best.

Having said that I do think based on previous actions that Seamus Lagan will do what is best for his personal interests.

I also think the toxic lender has its hooks into RNVA and has no qualms about running it into the dirt. When reviewing past history the moneyman insider always gets paid.

So now Seamus Lagan and insiders own in excess of 80 percent shares. The most voiced general concerns are the two pending reverse splits, how,when and why they will be used. First of all I am sure they will be used. Some have suggested that one or both might be canceled. Highly unlikely this would happen.

So if both reverse splits are used then when and why?

If used at there maximum possible effect 1/500 then 1/10,000 all shareholders are wiped out and the company probably goes private. This would be extreme but it is possible.

Is Seamus Lagan and the board of directors then willing to take on very angry shareholders? With the power of social media these days I have my doubts.

Does Seamus Lagan stand to gain more with RNVA as a public traded company or as a privately held company? If his business model includes buying up as many underpriced hospitals and medical clinics as possible a public traded company gives him much more controls and potential upside then a being under the control of debt or equity partnerships in a privately held company.

Then the question of why announce two pending reverse splits at the same time knowing how this would be perceived by shareholders while also increasing the AS to 10 billion.

To me it makes more sense to keep RNVA as a public traded company. Do the first spinoff to create enough retail demand to allow market makers to sell the 3 plus billion shares held at DTC and then do the first RS. Meanwhile, continue using the AS as needed to offset expenditures. Then try to strengthen PPS with strong 10Qs and announcements for future acquisitions. Once a contract for major purchase (perhaps several hospitals as a package) then do the second RS.

That's how I see this most likely playing out but it's pure speculation only.

I don't like speculation since it is based on what might happen given a set of circumstances. My logic assumes Seamus Lagan has business ethics but more importantly he and insiders have their shares at risk. That's the real wild card.