Replies to post #53276 on Rennova Health Inc (RNVA)

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NEW CEO INTERVIEW THIS MORNING

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June 21, 2018 08:00 ET | Source: Rennova Health, Inc.

WEST PALM BEACH, Fla., June 21, 2018 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTCQB:RNVA), (OTCQB:RNVAW), a vertically integrated provider of industry-leading diagnostics and supportive software solutions to healthcare providers that acquired its second rural hospital in Tennessee on June 1, 2018, returns to “Stock Day” to provide an update in Q1 results.

The interview began with Jolly asking Lagan about the company’s cash position. “That’s a fair question,” said Lagan. “Our investors have been supportive of our needs and provided access to enough capital to pay some bills and complete the recent acquisition. The last day of the month and end of the quarter usually see an increase in company expenses and outgoing cash for that short period of time.” Lagan does expect the company’s overall revenues to grow over the next few quarters and well into the future.

The interview also addressed a number of items that Jolly believed were of interest to the company’s shareholders including the toxicology sector, the size of the derivative liability reported, and plans for future acquisitions and growth.

Lagan ended the interview by reassuring investors and “Stock Day” listeners. “This is not a get rich quick scheme, and we have an ambitious plan,” he said. “It’s going to take a period of time to implement, and to grow to the size that we believe we will. There is no real limit or ceiling of what we believe that growth will be over a period of years.”