Rennova Health Inc (RNVA)

[nfrequent]

You are on top of it. Sabby is folding on a corporate equity position, and the street is buying that out, so it really only shifts equity from preferred shares to common shares. It's not like convertible debt where the lender doesn't have to eat any dilution. The company's proceeds on the prospectus will offset the startup costs of reopening of the Jamestown facility, so earnings from current operations will not be impaired and the company will double in size fairly painlessly and cheaply. The CAH model adds some certainty to forward earnings that some investors may still not fully recognize.