Rennova Health Inc (RNVA)

[C2Guy]

The CEO needs to elaborate on "Going Concerns"

Page 13 of the latest Quarterly Report states that the Company's "cash is deficient and payments for its operations in the ordinary course are not being made." The report goes on to state that there is "substantial doubt about the Company’s ability to continue as a going concern for 12 months from the filing date of this report."
https://ir.rennovahealth.com/all-sec-filings#document-15901-0001493152-23-041175

In contrast, the August 21 Press Release suggested that "the current operations plus the behavioral health business should give the Company an annualized run rate of $25-30 million by year-end." And reopening the Jamestown facility could make it "possible to leave 2024 with annualized revenues of $50-60 million."
https://ir.rennovahealth.com/all-sec-filings#document-15895-0001493152-23-029634

The Quarterly Report and the Press Release appear contradictory. The CEO should clarify if opening the Jamestown facility will resolve the cash deficiencies mentioned in the Quarterly Report.