Rennova Health Inc (RNVA)

[MJAM2020]

Yes. Right now these shares seem infinite. But if the company rights the ship then we know they are not. IF we are choosing to buy at this level...then we just have to keep plugging along with the co to reach whatever point it takes to get a few ticks here. From there it will be much easier to hold. Also there are some wild cards out there that could provide relief to our ask reloading problem...News on Fins, News on opening of hospital #2 in Jamestown or more debt modifications...

WEST PALM BEACH, Fla., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTC: RNVA) is pleased to announce a significant debt restructuring with its primary institutional investors. The restructuring extends the maturity date of approximately $8.2 million of secured debt to December 31, 2025, waives historical events of default and removes and/or modifies certain events of default and definitions. In addition, the Company does not expect to recognize default interest in future periods subject to remaining in compliance with covenants and other obligations.

“We are pleased in the confidence our primary institutional investors have in our Company and its recent achievements,” commented Seamus Lagan, Chief Executive Officer of Rennova. “The debt restructuring improves our balance sheet and will save approximately $1.5 million in interest expense annually. In addition, we are in discussions about other potential modifications to debt and other securities in the hope we can secure additional amendments that further improve our overall financial position.”


Looking forward to see where this ticker stands by mid 2025. I'm not really concerned with much before then.

imho
mj