Rennova Health Inc (RNVA)

[nfrequent]

Nothing at the moment. Though the P/L has vastly improved over the last year or so, the stock is not a buy until we hear some news from the CEO explaining how the company plans to clean up the financial structure..., and the news better be good. Another RS could bring the company down, not just the shareholders.

You'll see in the last 10-K, the preferred shareholders need to formally, officially, and publicly eat some dilution common shareholders have already eaten. No one is buying now for fear that would only help preferred shareholders convert undiluted preferred shares to common shares and dump them, all the time adding to the OS.

That said, some of us think some sort of deal that will clean up the share structure might be in the works, so RNVA is worth placing on your watchlist.