Replies to post #85095 on Rennova Health Inc (RNVA)

[Ferdenando the Bull]

The answer is who holds the most commons, Seamus is the answer.

Whats the percentage that he owns. We know when reported it was 26 percent.

Again, he is a master of misdirecton he very well could have 51 percent of all outstanding common shares

No BK George you dont buy 26 percent of commons for BK. You dont throw your primary source of support under the bus either on personally gaurnteed loans.

[Ferdenando the Bull]

George:

if insiders are buying shares in their own companies, they usually know something that normal investors do not. They might buy because they see great potential, a merger, acquisition, or simply because they think their stock is undervalued. One of the greatest investors of all time, Peter Lynch, was noted as saying that "insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise." Insiders are prevented from buying and selling their company stock within a six-month period; therefore, insiders buy stock when they feel the company will perform well over the long-term.

[Ferdenando the Bull]

This is a really really good read titled "Firms gone Dark":

In addition, the firm must eliminate enough recordholders to get
below the three hundred recordholder threshold. As I explain in more
detail below, there are two possible techniques for reducing the number of recordholders, both of which involve repurchasing some of the
firm's stock: (1) a reverse stock split, and (2) a repurchase tender offer.
The reverse stock split sometimes does not require public shareholder
approval; the repurchase tender offer never requires public shareholder approval. Thus, insiders can often find a way to satisfy the recordholder test without public shareholder approval.
Of course, to eliminate the required number of recordholders, the
firm must have on hand (or borrow, perhaps from insiders) adequate
cash. The more shareholders that must be eliminated to satisfy the
recordholder test, the more cash will be needed. In certain cases, the
cash requirement may be substantial enough to discourage insiders from
exiting. The important point here, however, is that insiders can sometimes unilaterally exit mandatory disclosure even if the firm has three
hundred or more recordholders shortly before exit.
i) Reverse stock split. The first approach to reducing the
number of recordholders is to undertake a reverse stock split (for ex24 Because the Pink Sheets market has no listing requirements, any firm that delists itself
from a stock exchange can be traded on the Pink Sheets.
ample, giving each shareholder one new share for every thousand old
shares). Under corporate law, those who would receive only a fraction
of a new share in a reverse stock split (in this example, those with fewer than one thousand old shares) can be forced to accept cash in lieu
of that fractional share. Thus, a reverse stock split can be used to involuntarily cash out many shareholders. The price for cashed-out fractional shares, which is set by the firm, may be lower than the share's actual value. '
Public investors' consent is not always required for a reverse
stock split. Some state corporate laws may permit a reverse stock split
without shareholder approval in certain circumstances." And in those
states requiring shareholder approval, such approval can easily be obtained without public shareholder approval when insiders own a majority of the firm's shares. Public investors will thus be unable to block a
reverse stock split unless: (1) the state in which the firm is incorporated
requires a shareholder vote, and (2) public investors own a majority of
the firm's shares.
ii) Repurchase tender offer. The second approach to reducing
the number of record shareholders is to conduct a repurchase tender
offer: the firm offers to buy back a certain number of shares (usually for
a fixed price) from shareholders.30 Individual shareholders decide
whether or not to sell their shares back to the company. If enough public shareholders tender their shares, a firm that currently has three
hundred or more recordholders can get below the three hundred recordholder threshold. Unlike a reverse stock split, a repurchase tender offer never requires shareholder approval

https://chicagounbound.uchicago.edu/cgi/viewcontent.cgi?article=5456&context=uclrev