Replies to post #85107 on Rennova Health Inc (RNVA)

[Ferdenando the Bull]

To me it reads that he has 26.8% of commons AND the series J which are convertible into another 2.5 billion shares.
Am I mistaking? I dont think so, but Im all ears.

Item 5. Interest in Securities of the Issuer
Item 5 is hereby amended to include the following:


As of August 30, 2019, Mr. Lagan may be deemed to beneficially own 2,500,053,384 Shares (or approximately 26.86% of the total number of Shares then currently deemed outstanding), which consists of 53,360 Shares owned of record by Mr. Lagan and 16 stock options owned of record by Mr. Lagan, and as to which Mr. Lagan may be deemed to have sole dispositive and voting power; and 8 Shares owned of record by Alcimede and 2,500,000,000 Shares into which the Series J Preferred Stock owned of record by Alcimede are convertible as of August 30, 2019. Mr. Lagan may be deemed to have shared dispositive and voting power with Alcimede over the 8 Shares owned of record by Alcimede and the 2,500,000,000 Shares into which the Series J Preferred Stock owned of record by Alcimede are convertible as of August 30, 2019. Because the conversion price of the Series J Preferred Stock is determined by the average closing price of the Shares for the 10 trading days immediately prior to the conversion date, the number of Shares issuable upon conversion will increase or decrease depending upon the market price of the Shares at any particular time. Such Shares do not include 17 Shares owned of record by Epizon and with respect to such Shares, The Shanoven Trust, P. Wilhelm F. Toothe, as trustee of The Shanoven Trust, and Epizon share dispositive and voting power. Such Shares also do not include Shares owned by a third party entity, and which third party entity is owned by a trust of which P. Wilhelm F. Toothe serves as trustee.
https://ih.advfn.com/stock-market/USOTC/rennova-health-inc-RNVA/stock-news/80994924/amended-statement-of-beneficial-ownership-sc-13d-a

[George1234]

Correct. Seamus owns preferred shares which have 50% Voting power of the total common today. He doesn't own any common shares.
Any R/S of the common shares will not impact his shares or ownership.