If converting shares into equity the cheaper the shares the more buying power you have which lets you own more shares. Just like if you bought at .03 you would have far less shares than if you used the exact same investment amount to purchase shares at .0006
In this case the very undervalued RNVA stock price per share after conversion gave Seamus Lagan in excess of 50% of the authorized shares which eliminated shareholders from the vote for the RS and the AS increase. Obviously after increasing the AS to 10 billion that changes the dynamics.
Its a very good buy for Seamus Lagan which at the same time allows him to control the AS and RS vote which completely excludes shareholders voting. This in turn casts doubts to shareholders that already suffer in excess of 97 percent losses.
Its really coming down to "can Seamus Lagan turnaround RNVA and make it profitable?"
He has his debt off the books of RNVA now in the form of equity. Shareholders just have to wait and see what he does next.
1. starts selling his shares into the market?
2. holds his shares and as its majority stockholder controls RNVA future?
News 
Market Data 
Discover 
