Rennova Health Inc (RNVA)

[MJAM2020]

Yeah it just feels like maybe there is something going on with this more than they just lost it or let it go. Why would they just let an asset of that size go for what is probably a few hundred grand? It seems they would have to have the money to at least start making payments or whatever they would have to do if they wanted to keep it. Unless of course now the hospital isn't in the best physical condition etc?

They seem to be making every move possible to clean up the books as quickly as possible. Maybe some deal in the works one way or the other and they just wanted it off the books immediately...and then they do somehow have the option to take it back within a year if they choose...what kind of deal is that...it sounds like buyer isn't opposed to this option? So that all is interesting as well. Generally I would think whoever is buying would have their own plans and wouldn't consider letting Rennova take it back. I figure we will find out eventually what all is going on...but it would be nice to know who stepped in and took the building over. That info might provide us a good bit of info before the co even speaks.

imho
mj