Rennova Health Inc (RNVA)

[satter]

It appears we own FOXO because santa then his sheep followers shouted it out. Not because they provided evidence of it.

It is a bit tricky and this is the way I see it.

RNVA has a controlling interest, which in practical terms means it has the power to run and "owns" the company's direction and management. It did not however acquire FOXO as in purchasing it. FOXO did acquire assets from RNVA in the share exchange transactions.

Seamus said the following in his last Pr, June 2024

Rennova expects to be able to monetize its convertible preferred stock and common stock in FOXO over time".

This means I believe Seamus/RNVA plans, was planning to profit from the increasing value of its FOXO shares, rather than receiving direct revenue transfers if it had ownership.


If I am reading it right, the problem is the value of FOXO shares ( common ) has not increased but has decreased substantially. Likely the perferred as well.


Not being negative just to be, but I think since the transactions, things have not gone the way Seamus anticipated & thus not good for RNVA shareholders.

But this is my take, could have it wrong. I try to give some explanation for how I see things versus shouting out made up pump lies or emojis with no backup substance.