Monday, July 13, 2020 1:01:59 PM
I did my part with the following:
ssainsbury@rennovahealth.com ssainsbury@rennovahealth.com, info@rennovahealth.com info@rennovahealth.com,
chris@structures.com
Mr. Sainsbury or to whom it may concern:
I'm emailing you once again about RNVA's stock. Over the past several months, Mr. Lagan has repeatedly mentioned doing an RS, but it has yet to occur.
The problem is that this "pending" RS is serving as a looming, dark cloud over the SP. All of Rennova's recent great news has failed to move the SP, because the RS is keeping folks way.
In light of the fact that the RS has not occurred and RNVA needs to add value to its' stock price, the split should be canceled, at least, for now.
This would greatly aid in Mr. Lagan's stated goal of getting back to NASDAQ. Rennova needs to add some value and credibility to its stock before it can do a truly effective split to gain access to healthier capital. A stock buyback program would greatly aid in this effort as well especially while the SP is so low.
RNVA's SP is greatly undervalued and the two aforementioned steps could easily remedy the situation.
Just a shareholder's two pennies!
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