Already facing a delisting from the stock market, Rennova Health has a new woe: Its landlord wants $1.94 million in unpaid rent.
In a lawsuit filed this week in Palm Beach County, property owner Reflect Co. LLC says Medytox Solutions, as Rennova was known until recently, is in default of its lease after missing an August rent payment on its headquarters at 400 Australian Ave. in West Palm Beach.
Rennova (NASDAQ: RNVA), a medical testing firm, has been hemorrhaging money. Its sales plunged from $23 million in the first half of 2015 to $4.9 million in the first half of 2016, and its net loss widened from $3.2 million in the first half of 2015 to $10.1 million in the first half of 2016.
Rennova also is trying to ward off a delisting of its shares. The Nasdaq has given the it until March 13 to boost its share price above $1. Rennova shares languished at 23 cents Thursday.
3 holiday travel tips to save you money this season
If you are planning to leave town for the holidays, you may want to consider these money-saving tips before you book your trip.
Erin Warren, a shopping expert at Splender, a cash back shopping website, has put together a list of tips for families who want to plan holiday trips without breaking the bank.
Warren’s recommendations include:
- Book travel plans midweek. If costs are an important factor, flying in the middle of the week (Tuesday and Wednesday) can help save hundreds of dollars. Many airlines will offer lower fares to fill empty seats during the middle of the week, so being on the lookout during this time can be a huge advantage.
- Purchase indirect flights. Although there might be a layover, many indirect flights tend to be an inexpensive option for travelers looking to find an affordable option.
- Combine multiple deals to save money. Savvy consumers can use online shopping portals through airline programs to earn bonus miles or points for purchases through credit card programs. In addition, shoppers can also “double-dip” to earn two types of rewards with the same purchase or strategically stack rewards and then apply coupon codes for maximum savings.