Rennova Health Inc (RNVA)

[lowtrade]

WARRANTS
Balance at December 31, 2018 53,130,510,439 @ $ 0.00172
Increase during the period as a result of down round provisions 582,209,844,938
Shares issued pursuant to Warrants exercised during the period (755,000,000 ) @ $ 0.00034
Balance at September 30, 2019 634,585,355,377 @ $ 0.00014

WARRANTS
pre R/S
= $88,841,950 investment if exercised
post R/S
= 634,585,355,377 / 10,000 R/S = 63,458,535 warrants x .00014 = $8,884 if exercised

Cleaning balance sheet like 2018 R/S of $109 million, this time by $88,833,066.

WARRANTS never were a concern and still aren't !! They been using "down round provisions" and reverse splits to make the balance sheet look good.

Have no idea who holds these warrants, everyone was sooo scared of last and this year. But am sure they could care less about their ownership. NO WAY a group holding as large a ownership stake, would allow their warrants to be effected by the R/S, just as common, if this wasn't just a shady financial way to balance the books. IMO
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