Rennova Health Inc (RNVA)

[MJAM2020]

Dilution to keep the business alive and give it a chance. Whether it be conversions or whatever the case. They stretched the authorized to something like 250B shares I figure in hopes so they wouldn't have to R/S again. Reading back in the past it looks like they have done more than a few R/S because it seems like all of them were announced in advance etc. This time around to this point the last interview said they don't expect one for the foreseeable future. Granted the share structure is crazy bloated...but I figure at some point something has to give. If you check the pr's a while back they were able to push back I think $8M of the debt if I remember correctly and default penalties till Dec 2025. They mentioned this would save them about $1.5M a yr in interest expenses I think it was. You can find videos from the local news when their hospitals first started shutting down a few yrs ago. The communities were dissappointed with the whole deal because employees weren't getting paid...and I think that was the only hospital in that rural county. These hospitals are important in their given areas. The fact that they have stuck this out and actually turned a profit in a recent Q speaks volumes. I believe they should come in around $20M+ in yrly revs now. And when the 2nd hospital comes online these revs will increase by I wanna say $10-$15M? So by the end of 2024 we could be looking at a $30-$50M rev run rate? I'd don't know if they can maintain profitablility every Q...but if they do...I think all these share structure problems will be handled either with a buy back or big RS split. If they are done diluting at that point a RS wouldn't scare me as they would be self sustaining ...generally the RS only kills co's that have to dilute afterward to live. I wouldn't be shocked if they open the 2nd hospital this yr gets revs up, do a R/S and then try to uplist to big boards. I believe once upon a time this co was already listed on the big boards...how that business originally fell a apart I am not sure...Something along the lines of them being focused on diagnostics and then that having trouble...so no I believe they are coming back with a different focus?...

Not sure but I have been adding here because I feel this is a rare situation for a .0001 stock that at least has potential. Like I mentioned in a previous post...find me another trading at .0001 with $20M+ revs and at or near profitable...I'd like to take a look at it...lol

take some time go back and read the last 2yrs PRs, TV news spots, and podcasts.

This one doesn't scream scam...but of course would likely take some patience for the turn around story to play out. It seems to be well in progress.

imho
mj