Rennova Health Inc (RNVA)

[Benwahsauce]

I thrust think people have forgotten about the warrants and their exercise price.

I thinking they may even use the second rs to clear out the rest of the shares and further reduce derivative liability. If anybody actually read the 10q there were two important things.

1. The warrant exercise price contains full ratchet anti dilusion provisions.
(Which can still be a good trade as long as you know what your doing)

2. Gapp accounting and the reason why they are showing a loss that big.
(Derivative liabilities are large because of this but could show as a huge improvement on the debt reduction side of the company due to the fact that a lot of preffereds and noteholders converted. It says it in the filings).

By keeping these in mind, Seamus will eventually have to get the share price high enough to keep the warrant holders happy otherwise there will be major problems legally. And it makes way more sense to exercise a warrant well above its strike price since there are no discounts on warrants, only an option to buy more shares when the time comes. Since the strikes are adjusted this makes sense to combat dilution.

Their losses aren’t from operations as some think but more of an accounting loss based on the convertibles. There is still potential here! Just need to stick around to find out if it’s going to happen. I feel like this is one of those stocks that’s going to shoot to the moon when it’s looks like it’s standing in its last leg....isn’t that what the MMs wanted? No other reason to bring it down like this, manipulating the pricing to perform a major shake.

I can wait for a very long time.