Friday, April 19, 2019 9:21:07 PM
The lenders are selling their converted shares for the capital provided to Rennova to continue operations. It's that simple.
The only way the death spiral ends is if a real plan to make the assets (hospitals) profitable so that no more debt has to be taken on to fund the operational deficit.
I take that back, the other way the death spiral ends is death. If retail gets wise to the game and they're unable to sell shares to cover that deficit (or if the lenders dry up or can't profit from selling shares), this will die.
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