Replies to post #61349 on Rennova Health Inc (RNVA)

[skichic]

OMG, READ THE 8K, they are voting to increase the AS to 10 billion and RS. They flat told you that! Here is the statement about voting rights:

Voting Rights . Each holder of the Preferred Stock shall be entitled to vote on all matters submitted to a vote of the holders of the Company’s common stock. With respect to a vote of stockholders, no later than September 30, 2018 only, to approve either or both of a reverse stock split of the Company’s common stock and an increase in the authorized shares of common stock from three billion shares to up to 10 billion shares, each share of the Preferred Stock shall be entitled to the whole number of votes equal to 12,000 shares of common stock. With respect to all other matters, and from and after October 1, 2018, each share of the Preferred Stock shall be entitled to the whole number of votes equal to the number of shares of common stock into which it is then convertible. The Preferred Stock shall vote with the common stock as if they were a single class of securities.

[420man]

How many shares are left out of the 3 Billion? And what valid catalyst is there for a Company on the verge of bankruptcy to announce via PR that would entice buyers of the stock?

[skichic]

Why? Mark this post! Up coming Q will show an increase in revenues, but larger loses than RNVA has ever seen. Losses per month will average over 2 million dollars a month and liabilities will increase from $181 million dollars to over $200 million dollars. There is no way the stock will gap, the AS is being increase to 10 billion and will RS by October 10th.