Rennova Health Inc (RNVA)

[FatStrat]

CEO has said in the past that he has no choice but to RS to avoid sub cent stock price:

“Listen, it’s always a sensitive area for shareholders, including myself. Nobody likes these reverse splits Everett. We find ourselves in a position where we don’t have a choice. We need to execute on a reverse split. Sub one cent makes it very difficult for a lot of people to buy our stock.”

AS doesn’t matter. Seamus has shown he will RS simply to avoid sub cent prices.

Period.

Full stop.

Proven fact.

Does that mean he will definitely do so again? Not at all, but the odds do favor it since he’s done what, 9 already?

Does that mean he could RS before the 30B are maxed out? Absolutely.

So anyone saying “No RS until AS is maxed out” is incorrect, because the CEO says otherwise.