Replies to post #143905 on Rennova Health Inc (RNVA)

[bar1080]

A GC warning means exactly what it says. It's not simply a "formality" or (as many pennylanders claim) mere boiler plate. Not every penny stock displays a Going Concern warning, just the most troubled of them.

[DCorleone]

But in my opinion...some statements mean more than others when RNVA is at .0001

"our cash is deficient and payments for our operations in the ordinary course are not being made."

[uber darthium]

“Payments not being made”. How often do we see such plain language ?

As of the date of this report, our cash is deficient and payments for our operations in the ordinary course are not being made. The continued losses and other related factors, including past due accounts payable and payroll taxes, as well as payment defaults under the terms of certain outstanding notes payable and debentures, raise substantial doubt about the Company’s ability to continue as a going concern for 12 months from the filing date of this report.

Looks like the business is in pretty bad shape and they openly say so right in their own filings

I estimate the OS to be 56 billion based on trajectories when/before Semen gagged the TA

ReSCAMnova