Rennova Health Inc (RNVA)

[Filterthenoise]

It looks like they negotiated a protection with FOXO if or when that occurs. Basically if they will be compensated for anything over 5M (2023 profits)

So worst case CD pays it all back. RNVA is still on the hook to CD for 4M and the increase in share value will likely be intended to wash that. And RNVA still breaks even for 2023 and moves on to green pastures.

Atleast that's how I read it

"In the event that the Company enters into agreement or settlement agreement with any pre-existing holder of debt or other liability owed by the Company after the signing of the RCHI SEA in excess of $5,000,000 (cumulative) then RHI will receive an equal value in additional shares of Series A Preferred Stock to any settlement of debt in any form in excess of $5,000,000."