Friday, November 23, 2018 6:41:36 PM
Now if he could perhaps explain to the shareholders that have collectively watched hundreds of thousands if not millions of dollars in RNVA stock decline to almost no value to understand exactly how an up to 1/10,000 pending reverse split helps existing shareholders.
With rampant dilution and toxic lending the picture that emerges is another round of maximizing of outstanding shares immediately after the 1/500 RS. Any RNVA release of news or significant events over the last 6 months has benefitted Sabby, market makers and RNVA but not its shareholders.
This leaves RNVA with plenty of A/S available for dilution (capitalization), acquisition, etc but at the same time the quantity of shares sets the stage for market makers to continue holding PPS down to maximize spreads which in turn hampers the ability of RNVA stock to climb regardless of significant developments.
I have to say I have seen many different stock plays over the years but these guys are really stretching even those boundaries. Some of what I have seen with RNVA is sheer genius from a corporate finance standpoint but the levels of shareholder abuses is extraordinary.
It really comes down to the intentions of the CEO and RNVA BOD
Perhaps I am missing something here.
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