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Novation Companies, Inc. Message Board

  • chartwiz987 chartwiz987 Aug 8, 2007 2:41 PM Flag

    NFI ◄◄SUED For'ACCOUNTING FRUAD' before

    Investor Sues NovaStar Financial Inc. For Stock Fraud,
    http://press.arrivenet.com/business/arti...

    KANSAS CITY, Mo., April 16, 2004 (PRIMEZONE) -- An investor sued NovaStar Financial Inc. (NYSE:NFI) today, claiming the mortgage lender and four top officers misled the public about the company's business operations.
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    In reality, the complaint says, NovaStar falsely inflated the number of offices it operates. Moreover, the company grew so large, so quickly, that it failed to maintain regulatory compliance with its operations. In fact, many of NovaStar's branch offices were operating illegally during the Class Period.

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    • This disgusting behemoth of lies and deciet is on it's way out. I have contacted some one within the company and have shown then the "dirt" I have on the co. They better not try to mislead the public again with "forward looking" statement again or I will whistle blow to the SEC.

      They are bankrupt and just need to be honest and get it over with. This is the safest route foe a bunch of execs who have done a number of illicit practices. Get out the earnings rport is going to show tremendous losses.

      • 2 Replies to nathangresham1
      • Re: NFI ◄◄SUED For'ACCOUNTING FRUAD' before...................8-Aug-07 02:51 pm
        This disgusting behemoth of lies and deciet is on it's way out. I have contacted some one within the company and have shown then the "dirt" I have on the co. They better not try to mislead the public again with "forward looking" statement again or I will whistle blow to the SEC.
        They are bankrupt and just need to be honest and get it over with. This is the safest route foe a bunch of execs who have done a number of illicit practices. Get out the earnings rport is going to show tremendous losses.

        nathangresham1


        It still cracks me up.
        Well done Tekno.

      • I have contacted someone in the company, and he said there was some bone-head fraud claiming to have "dirt" on NFI.
        Apparently the whole floor laughed out load.
        Shouts of MORON! PANICKING SHORT SELLER! IDIOT! etc. were heard.

 
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