Anyone wondering what happened during NO BID @ RNVA
Some personal observations and possible conclusions.
The following table presents the dilutive effect of our various potential common shares as of September 30, 2018:
September 30, 2018 Common shares outstanding 7,365,881 Dilutive potential shares: Stock options 77 Warrants 463,449,767 Convertible debt 214,222,493 Convertible preferred stock 68,344,495 Total dilutive potential common shares, including outstanding common stock 753,382,713
The following table presents the dilutive effect of our various potential common shares as of November 9, 2018:
November9, 2018 Common shares outstanding 15,291,866 Dilutive potential shares: Stock options 77 Warrants 1,318,592,863 Convertible debt 269,272,606 Convertible preferred stock 194,943,417 Total dilutive potential common shares, including outstanding common stock 1,798,100,829
7,925,985 difference X 500 =
3,962,992,500 share difference (pre split) from Sept 30 to Nov9, reported in this 10Q.
What everyone has been buying at .0001. LOL Volumes seen from no bit to split = 3,526,500,000 I counted trade volumes from chart.
Continuing dilution since 10Q Sept 30, 2018;
As of November 9, 2018, the Company has outstanding 15.2 million shares of its common stock. Since September 30, 2018, the Company has issued 7,925,985 shares of common stock through November 9, 2018 as follows:
482.21shares of its Series I-2 Preferred Stock were converted into 7,365,985 shares of common stock
200,000shares of common stock were issued upon conversion of $25,500 of the principal amount of the March 2017 Debentures; and
360,000shares of common stock were issued for the cashless exercise of 2,400,000 March 2017 Series B warrants.
Thus; these are valued below .0001 or holders were breaking even or taking losses !!!
If this is fact there is no problem expecting huge profits converting forward, with stock prices above a penny now. Whatch the volumes to continue to rise as pennylanders think it's them.
--------------------------------------------------- Here's the board member orchestrating funding IMO, not the CEO. So he's the one you should be blaming for getting the CEO cash he needed to buy the second hospital and ruin the financials.
Can't find how many shares owned yet!
Sebastien Sainsbury brings over 25 years' experience in investment banking and wealth management with Bankers Trust Co., Lehman Brothers, USB AG Private Bank and was appointed to the AIG International Ltd. Board of Directors. Mr. Sainsbury has been regulated in the United Kingdom by the FSA/SFA and has been a seed investor and board member in startup companies ranging from food manufacturing and distribution to software development since 2002. Mr. Sainsbury heads investment development and public relations for the corporation. Mr. Sainsbury holds a Master's degree in Business Administration from INSEAD. Chief Executive Officer of Platinum Financial Solutions, Ltd. (Nassau, Bahamas)
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