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C2Guy

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C2Guy

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Monday, 02/19/2024 1:36:02 PM

Monday, February 19, 2024 1:36:02 PM

Post# of 172064
In reviewing RNVA's Annual Reports for 2021 and 2022, they show Retained Earnings in the negative. This translates to an Accumulated Deficit of $1.4 Billion and $1.7 Billion respectively. RNVA will need to reduce its Accumulated Deficit to go from a "Distressed" company to one that is "Safe" according to the Altman Z-Score model.

https://www.otcmarkets.com/stock/RNVA/financials
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