Replies to post #72769 on Rennova Health Inc (RNVA)

[George1234]

Selling is expected to exhaust at around 150M o/s, could be next week or already over.

She will be pumped to 50c to $1 then, and the dynamics change.

You may be right. Conversion and buyback happening at the same time. I noticed a 5M trade yesterday at the ask.

[Bidsmaker1]

The most logical answer would be someone connected to Seamus Lagan. Perhaps in the background an offshore entity. With PPS at a 99.9% price decline from pre RS then another 85% or so percent post RS PPS in effective terms is probably about as low as it can get yet still allow enough in spreads to satisfy market makers requirements.

If so, it’s essentially a share buy back but not by RNVA.

Sort of fits with the rest of the sleaze but if this is happening then what’s the ultimate objective?

I think that’s also pretty obvious

[Benwahsauce]

You got this absolutely correct.

The shares do not disappear into thin air, and from what I’ve observed there is a major buyer.

From the tabs I’ve been keeping over the last few weeks the “buyer” has to have atleast 300-400k worth of shares....possibly even more if they are working with another MM. With the obvious manipulation to hold it down for loading by undercutting these guys are basically stealing shares.

Time to ride really big coattails soon?

[pennytradingnet]

Large bag of worthless shares still have value..0007