Replies to post #3170 on Rennova Health Inc (RNVA)

[Mean Weimaraner]

Looks like each I-2 preferred share converts to $1000 common stock at 85% of market price. So they get a 20% discount exchanging outstanding debenture for I-2 , then they get another 15% discount converting the preferred to commons, so yeah definitely would impact PPS, as you can see