Rennova Health Inc (RNVA)

[JamesE_]

Par value is set by the company as the minimum legal value its shares will trade at. If the market price drops below par value, the company is liable to its shareholders to make up the difference. In the case of RNVA, if it continues to dip below 0.0001, another R/S seems inevitable.

It's obvious that market makers are playing games with RNVA. Who else would dump $12 of RNVA for 12¢ at close on a Friday? Retail can't even trade below 0.0001.
I'm sure you are aware the SEC sets a minimum pricing increment of $0.0001 for stocks valued below one dollar. Retail cannot buy or sell below 0.0001, which also happens to be par value for this stock.

RNVA is not sub-penny rubbish... It is an operating hospital with big plans, and debt to match. Ha. All it needs is a little good news and an influx of new investors (and patients). As someone said, RNVA is a money multiplier. That is, if you buy at 0.0001 and it ticks up once, you've doubled your money. $$$