NOVC board of directors now controlled by Barry Igdaloff and Jeff Eberwein (+ JE designate Robert Pearse RP x VP Corp Development/Strategy at both Hewlett Packard HP and NetApp NTAP) since they ousted Edward Mehrer from the Board 4.27.15 over 6 months. Read NOVC 4.22 press release that stated the old NOVC board was to be 8 not 7 thus implied Edward Mehrer would remain. That was cleared up immediately and in 5 days the 8k 4.27th was filed saying Mehrer was gone. JE & RP have been described as “quick studies” yet here we sit over half year & NO NEWS from the new NOVC board NADA. NO respectful statement of future plans even after NOVC CEO of 8 yrs founder since 1996 departs with NO EXPLANATION NADA Lance Anderson (LA resigns CEO late August and from Board Oct 8th). Anderson’s final 1.1m shares of stock options (did not vest until March 2016) were accelerated on no news or disclosure (he has over 4.3m shares now of just stock options at strike of 51 to 61 cts total of est 5m shares. He slithers away to his happy go lucky linkedin page.
NOVC board has been in stealth since Feb 2007 but now with a new board since 8K April 27th. Either the new investors JE and RP are dumb has tacks or as I believe they do have a plan and have decided to wait for the benefit of one investor crowd. Jeff Eberwein was recruited to NOVC board and was shared the real story by one of the board members. I know because I recruited him to the NOVC board. He is the tip of the iceberg of Whitney Tilson, CEO of Kase Capital and T2 Partners and Chuck Gillman cabal. I spoke to est 10 HF including Jeff Eberwein. All I could do was share my thesis of the deceit and misrepresentations by Anderson, Barmore and their two paper dolls Art Burtscher and Edward Mehrer. These folks confirmed my assumptions. NO way has JE&RP bought 3.1 m shares (see Form 4s 25k every single trading day for almost six months) on NO NEWS other then the min NOVC has shared over the last 8 years while in stealth 2.2007. Jeff Eberwein