Replies to post #118253 on Rennova Health Inc (RNVA)

[darron427]

3 since 2015 RNVA (RNVA) has 3 splits in our RNVA split history database. The first split for RNVA took place on November 03, 2015. This was a 1 for 10 reverse split, meaning for each 10 shares of RNVA owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split. RNVA's second split took place on February 23, 2017. This was a 1 for 30 reverse split, meaning for each 30 shares of RNVA owned pre-split, the shareholder now owned 1 share. For example, a 100 share position pre-split, became a 3.33333333333333 share position following the split. RNVA's third split took place on October 06, 2017. This was a 1 for 15 reverse split, meaning for each 15 shares of RNVA owned pre-split, the shareholder now owned 1 share. For example, a 3.33333333333333 share position pre-split, became a 0.222222222222222 share position following the split.
When a company such as RNVA conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.