Replies to post #13296 on Rennova Health Inc (RNVA)

[peteypickem]

How many times have I heard the word bankruptcy in the OTC...it never happens lol

[whitie]

Nothing due till sept 2019. You sold to soon

[littletyke]

First, your calculations show more than double the insiders holdings as PB and all others have found. Seems as you said this weekend that the 14def was dropped after market on Friday and the stock would tank today. Sorry if I don't take your calculations and "DD" too seriously.

As for the debt it has been discussed as nauseum but they are acquiring a hospital that brings in $90 mil revs per year. Stop living in the past and try to understand where the company is changing and heading towards.

[Ferdenando the Bull]

Well they just raised another half a mill plus... Not a large well out there jumps into failing businesses or businees models. Just a thought.

[powerbattles]

My calculations say insiders have about 39%. They have been issuing a lot of shares lately to insiders. I don't know how many preferred shares are left to issue (I can look it up, just haven't). What do you suppose is going to happen if they don't increase the AS? Where is the money going to come to make payments on all that debt ($25 million and growing)? Creditors can force them into bankruptcy.

OUTSTANDING CALCULATIONS!!! ACCORDING TO TO YOUR CALCULATIONS LOOK LIKE I DON'T KNOW SQUAT WHAT IS STATED BELOW. ROTFLMAO.

STRAIGHT FROM PROXY STATEMENT.

On March 6, 2018, the Company granted an aggregate of 71,333,333 shares of Common Stock to employees and directors, including the following to the directors of the Company: Mr. Lagan (26,666,667 shares) and Dr. Ajami and Messrs. Beach, Blum, Diamantis and Langley (3,333,333 shares each). As a result, Mr. Lagan’s percentage ownership would be 6.36%, based on the 419,989,654 shares of Common Stock issued and outstanding as of March 6, 2018. The ownership percentage of each of the remaining directors would be less than one percent. The percentage ownership of all directors and executive officers as a group would be 10.35%.

LET'S ME MAKE IT CLEAR: IT DOESN'T MATTER ON HOW MANY PREFERRED SHARES ARE LEFT. A/S MAX OUT. IT'S AGAINST THE LAW TO ISSUE MORE SHARE WHEN THEY DOESN'T HAVE ANY LEFT FOR INSURANCE. THIS IS THE BASIC KNOWLEDGE AND BASIC DD.

HOW MANY TIMES THAT I NEED TO ADDRESS THIS ISSUE? ABSOLUTELY NO SUCH AS $25 MILLION DOLLAR IN DEBT. ABSOLUTELY NO B/K. PLEASE STOP CLONE THINGS THAT DOES NOT EXIST.

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