Replies to post #61203 on Rennova Health Inc (RNVA)

[420man]

Ugh...

The RS equation that is decided upon and approved will open the stock up at a new PPS of consolidation.

The new PPS will value the Company at the SAME value it is currently at, and will only reflect the consolidation of shares.

Once the RS is completed, the institutional investors will buy/receive shares at a HUGE discount to the new RS PPS (7 Billion AS increase/ Reg D offering of $1.2 M). That's the ONLY way RNVA will survive and the very reason why companies do a RS....in order to attract new investors.

Once they have their shares they will immediately sell them into the new PPS as soon as they can. The current shareholders will NOT be of any real competition because their shares have been reduced to pretty much nothing based on the RS that I anticipate will be very unfavorable. That's why it will drop fast.

If you need an example, just look at what unfolded with HMNY over the past couple days after the RS.

As for over reacting to a .0007 Penny stock doing a RS and increase of the AS by 7 Billion?.. Oh my!

[Bidsmaker1]

It makes no sense for anybody to dump because of an RS. What actually happens is after an RS pps is higher which then allows heavy shorting to occur. This is when those shareholders pre RS that already suffered 80-90 % losses then suffer additional losses.
The PPS will not adjust until revenues are sufficient to refinance toxic debt. The problem right now is that toxic debt resulted in massive dilution. So far in excess of 2 billion shares were sold into retail