Rennova Health Inc (RNVA)

[nfrequent]

Clarifying language in Q2 10-K (page 15): "the following potential common stock equivalents were excluded from the calculation of diluted earnings (loss) per share as their effect was anti-dilutive." Translated, preferred shares suffered the same dilution as common shares or worse after RSs. For preferred shareholders, converting is like folding a poker hand late on a big pot and walking away from the table with a short stack. Common shareholders rule.