Rennova Health Inc (CE) (RNVA) News

Still can’t believe we have a multimillionaire pumping RNVA!! Yayy we are golden here!!

Law suit looming and debt due next year. I’m confident this will get current just to pay those bills


So was this transaction motivated or partly motivated to assist Rennova Community Health, Inc. with that looming judgment/settlement coming from the lawsuit & to pay the debt next year?

In looking at the lawsuit docket it appears the court is saying no more delay, enough is enough, had a trial date set for Jan, 2025. The parties now have agreed to a mediator that is set for Oct 17th, 2024.


08/21/2024 85 PAPERLESS ORDER granting 84 the parties' Joint Motion for Extension of Time. Good cause shown and because the parties are in agreement, the deadline to conduct expert discovery is extended to September 20, 2024. However, the parties are cautioned that, given the age of this case and the upcoming trial date, the Court will not extend any other deadlines (and especially the pretrial motion deadline) absent the most compelling and extraordinary circumstances. Further, the trial date is specially set for January 13, 2025, at 9:00 a.m., and the Court intends to start trial on that date. The Court will not allow any extensions that will interfere with or impede the specially-set trial date. Signed by Magistrate Judge William Matthewman on 8/21/2024. (no00) (Entered: 08/21/2024)

10/01/2024 86 Joint MOTION to Appoint Mediator (Substitute Mediator) and Entry of Order Setting Mediation by The United States of America. Responses due by 10/15/2024. (Attachments: # 1 Text of Proposed Order Proposed Order)(Werner, David) (Entered: 10/01/2024)

10/02/2024 87 ORDER GRANTING 86 JOINT MOTION FOR SUBSTITUTION OF MEDIATOR AND ENTRY OF ORDER SETTING MEDIATION.Mediation Hearing set for 10/17/2024 at 10:00 AM, via Zoom, before James Baldinger. Signed by Magistrate Judge William Matthewman on 10/2/2024. See attached document for full details. (caw) (Entered: 10/02/2024)


UNITED STATES OF AMERICA
ex rel. CLIFFORD BARON,
Plaintiff/Relator,
vs.
RENNOVA HEALTH, INC., et al.,
Defendants.
_________________________________________/
ORDER GRANTING JOINT MOTION FOR SUBSTITUTION OF MEDIATOR AND ENTRY OF ORDER SETTING MEDIATION [DE 86]
THIS CAUSE is before the Court upon the Parties’ Joint Motion for Substitution of Mediator and Entry of Order Setting Mediation (“Motion”) [DE 86]. Being fully advised in the premises, and finding good cause, the Court ORDERS as follows:
1. The Motion [DE 86] is GRANTED. The Parties shall mediate this matter before their chosen mediator, James Baldinger, Esq.
2. The mediation shall occur at the following date, time, and place:
Date: October 17, 2024
Time: 10:00am
Location: VIA ZOOM
ORDERED and ADJUDGED in chambers at West Palm Beach, Palm Beach County, Florida, this 2nd day of October, 2024.
_________________________________
William Matthewman
United States Magistrate Judge

First, you said to read the security agreements on the note. As I explained I did. Not sure you did. Foxo is a guarantor of the note. It's undertaking to answer for payment of the debt in case of the other's default.

Now you say the note gives Rnva this so-called effective control, not the security agreements. The note is between Rennova Community Health, Inc., a Florida corporation, and Rennova Health, Inc., a Delaware corporation.

I don't see anywhere that Rnva gained 50% of the voting shares to control anything.

However, you are welcome to interpret as you please. Not sure Lagan calling the shots, if he can, is a good thing.

Well in 2008 when the recession hit peeps pulled out /crashed the big boy markets and moved money into pink sheets otc plays we actually did well !!!!

So wars take large tolls on blue chips and teslas but sub penny’s rock n roll

$100 bux for a million shares can make $100 grand

EXACTLEY !!!!WELL LAYERED

THEY MAY NOT HAVE FILED DOCS YET FOR MERGER BUT IT SURE LOOKS LIKE ONE

THEY CAN MAKE IT LEGALLY OFFICIAL
WHEN THE TMES RIGHT !!!!

Meanwhile in 2025 those 2 hospitals should bring in $75 /100 million and
$10/25 million in net profits

RNVA WILL MOST LIKELY BECOME A TRUE PENNY STOCK AND JUST KEEP GOING UP UP UP YEARLY

So how does anything that has been stated directly impacts RNVAs common shareholders or stock price? It doesn’t. If anyone truly benefits from all this will be FOXO shareholders. Seamus gave up assets and hold notes. Ok Seamus may now call the shots. Umm so what? Explain how two assets projected to bring in tens of millions of revenue if not more in a few years, according to Seamus, is allowed to be acquired by another company? RNVA will reverse split following FOXOs r/s. This whole not in the foreseeable future thing all makes sense now.. Law suit looming and debt due next year. I’m confident this will get current just to pay those bills. RNVA is doing fine on the EM. Business as usual.

World War III will break out


Damn a market like this

RNVA will own & control FOXO

A multi layered, valuable merger

💯

That note gives RNVA effective control over earnings, financial management, and capital development including issuing shares, not to mention the FOXO board. He who controls the purse strings controls the company. Lagan is calling the shots. Lagan's equity is in RNVA, not FOXO, just like us. If FOXO can't get NYSE AMEX approval as per listing requirements, all reverts back to RNVA. If it can, we'll see how (relative to share structure) soon.

Good morning (RNVA-Land & Team)......🤑😎........Go (RNVA & Team)

Probably, just like GNCP

Thank you but I read the security agreements.

Foxo is a guarantor on the note, not the only one. If the note defaults, Rnva will have enforceable options for the guarantor on its collateral. This is pretty standard for a secured loan.

But Rnva does not gain ownership, nor control, nor effective control whatever that means. They will have a legal claim in the event of default against the security, not that they now control effectively or otherwise.

Certainly, if there is a default on the secured note as like any, they will have legal rights as per their agreement to pursue. Then we can talk about the effect that could have and there will be.

I see so now it's not a company merger but assets have merged. Getting closer to the truth. Baby steps. Lots of booming success out there. How long have you been saying that now?

FUD bout to be merged into the largest pile of chit ever

Where they belong

Success will be found with the newly merged assets. And we will own and control them!

So exactly how does controlling FOXO benefit my shares? It won’t not as long as they are two separate entities. Seamus just gonna line his pockets even more. Of course I hope I’m wrong. We all could use some extra dough in the bank. Except Big V that is.

Read the security agreements on that note. Everything else depends on NYSE AMEX approval, meaning FOXO assets, revenues, and stock price meet minimum listing requirements and the NYSE determines FOXO will likely continue to meet the minimum requirements in the foreseeable future. The SEC is concerned that the audit meets standards and all the financial information is transparent and accounted for, especially insider interests. RNVA has effective control. Much, much more to come.

IS RNVA AN EMPTY SHELL NOW?????

Not sure Seamus running anything is a good thing.

There was no merger agreement listed on their 8-k as a material event. There is no merger.

If one happens, correct they will file with SEC.

If we all know what it entails then why are you so confused or do you intentionally mislead.

Why would I be worried. Don't misunderstand my correcting the record as anything else.

Oh, the companies did not merged therefore Rvna won't be owning .

Enjoy the rest of the weekend.

We all know what the deals entailed. I truly DGAF what you term the acquisitions.

Stop worrying so much about the terminology about these assets merged into a company RNVA will own and control.

"Consideration for expansion of healthcare services will include our hospital-based services and behavioral health services provided by Myrtle Recovery Centers, Inc. We continue to evaluate the best ways to create value for Rennova and its shareholders from our investments in InnovaQor, Inc.

We appreciate the support of our shareholders and look forward to increasing shareholder value in 2024.

Best regards,"

Seamus Lagan
Chief Executive Officer

You can misrepresent all you want if it makes you feel good. But it won't change that what you said did not happen.

Some individual assets were acquired only, not that all assets of both businesses were consolidated where one company will survive the merger and the other will cease to exist.

The Press release described the transaction accurately. It surely did not communicate that Rnva & Foxo were merging & that either Rnva or Foxo would be dissolved. That's what happens in a merger. Two become one. There is no merger agreement listed.

It matters to have this right and not to embellish, glorified the event to give you that warm fuzzy feeling. Pump all you want as the greatest thing since slice bread, but let's not call an apple an orange.

FOXO acquired Myrtle and Rennova Community Health, former subsidiaries of Rennova Health Inc. The SEC guidelines state a merger will require companies to file an SEC Form DEFM14A (Merger Proxy Statement). I do not see this form in either FOXO or RNVA's filings.

https://www.investopedia.com/terms/s/sec-form-defm14a.asp#:~:text=SEC%20Form%20DEFM14A%20is%20known%20as#:~:text=SEC%20Form%20DEFM14A%20is%20known%20as

https://www.sec.gov/edgar/search/#/ciks=0000931059&entityName=Rennova%2520Health%252C%2520Inc.%2520(RNVA)%2520(CIK%25200000931059)

https://www.key.com/content/dam/kco/documents/businesses___institutions/2Q2024_hsma_report.pdf

No it’s not! lol Legalities is all that matters. Merging translates to One entity… Not this whatever is going on with FOXO and Rnva. Doesn’t matter if Seamus controls FOXO. Only means he runs a business on the EM and one hanging by the thread on the NYSE

You baboons have missed the boat, all hold hands and pray for foxo

Merging two companies assets and taking control and ownership is still very much merging.

Anyhow why even worry about the terminology like it matters? Even AI agrees this unique transaction is a form of a merger.

Holding a note does not translate into merging.

Right it can't, was my point.

Sorry I just read your previous posts

You guys keep leaving out the part about RNVA holding the note on the full value of FOXO and taking (proxy) control of the FOXO board. Of course, the SEC review process controls much. Filings come when the SEC okays RNVAs securities registration plans for FOXO, RNVA, and quite possibly INQR. RNVA can't file until the SEC okays how to file relative to the registration statements involved. There are two parent companies and four subsidiaries involved here. Won't be long now.

Ummm it can’t. I’m not sure I understand your post.

If FOXO does not acquire all assets AND debt I repeat and debt then it’s not a merger. FOXO acquired and RNVA received compensation of sorts. That’s not a merger

Was it current after 2024 fins? After a massive merger/acquisition? RNVA )@&$)@&)(*$&@(*$&^@()$*@)(*$

It has been current before, and nothing.
And if this KABOOMS, everyone makes many, many $$$$$! So, acting as if a great run is some kinda "gotcha " moment makes zero sense.
But...pump on!
RNVA!!$$????????????

If there was shorting it'll only be delicious icing on the coming out party cake for actual shareholders!

Either way. Tik Tik TIk !!!

And the plan is for RNVA to own and control it? 🤑

"...creating a larger, more integrated healthcare organization"

We'll see when this is current?

The only thing your post triggered was eye rolling and laughing.
RNVA!!$$???????????

Who better to ask then AI. FOXO is AI and RNVA is also FOXO, as well as INQR and JRMC

"Yes, the acquisition of Rennova Community Health by FOXO Technologies can be considered a merger.

While the terminology "merger" is often used when two companies of similar size combine, in this case, FOXO is acquiring Rennova. However, the end result is the same: two companies are becoming one.

The acquisition of Rennova's assets and operations by FOXO effectively merges the two entities, creating a larger, more integrated healthcare organization."

SEAMUS. !!!!!!!!!WHATS THE HOLDUP ON FILING FOR RNVA ????

So many lates 10Q 10k quarterly why you do this to us !!!!!

Are the filings bad so we would have all dumped at .000001???????

Then do a 10th reverse ???????

It was a great post.

And triggered the FUD.

Tik tik tik

This scam is toast. I’ve been predicting em before it happened for a year+ and pumpsh!t clown jmoney used to argue with me while no one listened… look at this turd now - it’s in em and your pumperchief jmoney is gone lol…. Revocation and delist is next!

Geez, you just won dumbest post of the year. And, you get ready to accept the award, if there is one. Because, no one is going to top it! 🙄🙄
RNVA!!$$???????