Replies to post #73561 on Rennova Health Inc (RNVA)

[George1234]

Dilution seem to be done as of today.
Let's watch for next action.

[T-Hawk]

True. But there is no way they can dilute another 9 billion shares without taking this to no bid. I have my doubts they can get to a 1 billion OS without reaching no bid. So the 1:10,000 reverse split will happen prior to maxing out to 10 billion OS.

To Bids point, after the 1:10,000 reverse split why would a 10 billion AS amount still be needed? If the intentions are to increase shareholder value and maintain a stock price acceptable for Nasdaq trading, lowering the AS would be a logical approach.

The answer that makes the most sense for keeping AS at 10 billion is because the company intends to repeat its cycle of diluting and reverse splitting again.

[Bidsmaker1]

Yes. That’s true. And coincidentally the AS is 10 billion. Sort of indicative of where this is going