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Novation Companies, Inc. (NOVC)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.0548-0.0052 (-8.67%)
At close: 03:06PM EST
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  • v
    vinesandivy
    Jeff Eberwein CEO/COB of Hudson Global Inc. $HSON is buying shares hand over fist see Form 4s AND $HSON is buying back stock Treasury Stock on Balance Sheet. WHY Jeff Eberwein was ex CEO/COB of Novation Companies Inc $NOVC accumulating 3.2M NOVC common, 25k shares daily from April to Oct 2015 see Form 4s and giving himself and his co investors over 12M RSUs valuing $NOVC at pennies. Jeff Eberwein is Wharton MBA, ex Portfolio Manager at both George Soros Investments and Viking Global Mgt he is 1st class Financial Engineer and could be buying $HSON & $NOVC with the expectations NOVC will split into 2 tax free companies 1. MREIT with Fortress/EJF Capital will take lucrative management fees along with $100Ms in dividends/Mgt Fees and 2nd. Merge $HSON with NOVC www.healthcare-staffing.com that holds $730M NOLs. Fortress and EJF Capital hold CDOs Taberna and Kodiak that hold $NOVC only Sr Debt and the CDOs own 31.3M NOVC common 125M with Mass Mutual and Barings 19.3M and Barry Igdaloff (made rich by Fortress' help in restructuring Dynex Capital NYSE $DX via Fortress ownership of $CMO now $FBRT that owned $DX) cabal own at least 70M with small group of private investors. These investors stand to turn nothing in $NOVC market cap into two tax free companies worth over $4-5BILLION and cash flow over $200M in dividends just like Fortress cashed $170M management fee from $NRZ in 2019 alone per $NRZ 10K for 2020.
    HealthCare Staffing
    www.healthcare-staffing.com
    Bullish
  • v
    vinesandivy
    Novation Companies Inc. $NOVC FLOAT 104.7M per Market Watch is NOT RIGHT https://www.marketwatch.com/investing/stock/novc
    CSOS 117M yes that agrees with $NOVC Audited (www.boulaygroup.com) 2020 10K. Float is negative shares as explained below:

    $NOVC 117M Shares Outstanding Diluted less 125M shares held by private investors that do not trade include; 18M RSUs taken by Board of Directors led by Barry Igdaloff, Chairman of $NOVC. Flat is negative CSOS 117M vs Float 104.7 as 18M RSU exist. CDOs hide the real ECOMOMIC OWNERS related to Barry Igdaloff, Chairman of the Board include; Fortress hidden by Taberna CDOs and EJF Capital hidden by Kodiak CDO I own 31.3M (SEE https://www.globenewswire.com/news-release/2019/08/09/1900133/0/en/novation-companies-inc-executes-first-amendment-to-senior-secured-note-purchase-agreement.html), Mass Mutual Barings 19.3M is restricted from Selling without NOVC Board of Directors Approval plus 40M shares are held by CoB and his co-investors plus 35M $NOVC Common are held by small count of private investors. This totals at least 125.6M shares not traded. The 125.6M does not include $NOVC common held by $JEF Jefferies formerly $LUK or the remaining 696 Shareholders of Record (see page 7 of 2020 10K 696 Shareholders of Record).

    $NOVC FLOAT is really negative, which is in theory impossible. On top of this 50M NOVC common have traded from 12/28/20 to 9/30/21 on No News & Going Concern of which more then half have been shorted per www.otcshortreport.com/company/NOVC Going Concern per 2020 10K Audit by www.boulaygroup.com is created by failing to share CDOs Fortress/Taberna and EJF Capital/Kodiak CDO own both $NOVC only Sr Debt valued at only $11m FMV per 10K 2020 and at same time Fortress and EJF Capital own 31.3M Common $NOVC Shares 27% see Globenewswire link above. Evidence shows Barry Igdaloff, NOVC Chairman and his cabal of investors own at least 40M $NOVC common made a mint with Fortress 2000-03 in restructuring Dynex Capital NYSE $DX. Igdaloff served on $DX Board for 20 years from 2000-2020 (per DX 8K 9/3/20). Barry Igdaloff & most of his cabal including Howard Amster 2 of 3 Board members collect .13 ct monthly $DX common DIVIDEND $1.56/share annual priced at 9% yield into 18/share DX pps. Mass Mutual & sub Barings want to use at Novation Companies, Inc. $NOVC $730M NOLs www.healthcare-staffing.com HCS ($NOVC only operating business unit) and Rights (Cleanup Call Rights that control the future use of rich, seasoned collateral assets to Billions in NOVC $3B RMBS portfolio see $NOVC cleanup call rights (per Service Rights Transfer Agreement Section 5.04 attached to back of Q3 2007 https://sec.report/Document/0001193125-07-247545/ see Exhibit 2.1. Fortress, Wes Edens, CEO named by Wall Street Journal the New Subprime aka Non-QM KING after Fortress sold $3.8B Nationstar to Mr. Cooper $COOP formerly called Washington Mutual symbols $WAMU, $WMIH held 9B NOLs. Fortress owned 70% of Nationstar Wes Edens replaced himself at the new entity called Mr. Cooper $COOP by Jay Bray, CEO and COB – KKR owned 24% pre $COOP and $NSM merger and 17% post merger.

    Fortress/EJF behind CDOs Taberna/Kodiak control $NOVC are owned by Softbank $SFTBY / $WTM they own 91M of 117 shrs out/10K 2020 they also own $NOVC only Sr Debt in $NOVC. Why would any investor use Sr Debt that pays 3 Month Libor 12 Bpts + 350 Bpts deemed almost worthless by top 200 CPA firm Boulay Group. Fortress and Barry Igdaloff and most his co investors that own at least 40M NOVC common restructured Dynex Capital NYSE $DX where NOVC founders Scott Hartman and Lance Anderson worked before founding $NOVC formerly traded NYSE $NFI. NFI traded under the same MREIT exemption as $DX and another Fortress restricting $NRZ, $SNR and $GCI 3 tax exempt MREITs split out of Newcastle $NCT before changing name to Drive Shack $DX www.driveshack.com ask Investor Relations for Wes Edens Dynex Capital Shareholder Presentation Dec 2016.

    Fortress hidden behind Taberna CDOs, is wholly owned subsidiary of Softbank Group Corp $SFTBY (Softbank buying back $9B or 15% of their common stock with $125B cash) & EJF Capital www.ejfcap.com hidden behind Kodiak CDO One is owned by sub (Kudu Investment Corp) of White Mountains Capital $WTM these CDOs held by Fortress and EJF Capital own at least 31.3M 27% $NOVC common ($WTM was Founded by Jack Byrne ex CEO of GEICO) and #MassMutual & sub Barings formerly called Babson Capital let alone their other affiliates and Ex Dynex Capital NYSE $DX Board Members that control NOVC Board can fund $NOVC true Ch 11 Reorganization via NOVC Preferred Stock Series F Shelf Offering buried inside NOVC poison pill renewal (designed to save $730M NOLs from IRC Section 382) Rights Offering, see Oct 2018 Proxy 14A https://www.marketwatch.com/investing/stock/novc/SecArticle?guid=12923098 page 12 prices $NOVC common at $2.33/share exactly Mass Mutual cost basis. Rights Offering $NOVC Preferred Stock Series F Shelf Offering provides for a
    NOVC | Complete Novation Cos. Inc. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
    NOVC | Complete Novation Cos. Inc. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
    www.marketwatch.com
    Bullish
  • v
    vinesandivy
    5. We know for a fact Dynex Capital NYSE $DX investors Barry Igdaloff, Howard Amster (Todd Emoff, Thomas Akin) and Manny Friedman/Neal Wilson co CEOs of EJF Capital www.ejfcap.com and Wesley Edens, Peter Briger co CEOs of Fortress www.fortress.com wholly owned subsidiary of Softbank $SFTBY Masa Son, CEO and ex Fortress executive Rajeev Misra now CEO of www.visionfund.com (Michael Huang, Quant at Fortress and NRZ) are WORLD CLASS MREIT investors aka experts in NOVC CCR cleanup call rights per SRTA Section 5.04 see NOVC 2007 Q3 10Q. NOVC and CPA firm Boulay Group by focusing in on Fair Market Value (page 25 of 10K) of CCR create FUD mislead from disclosing the future plans of rich, seasoned collateral assets to most $3B RMBS, Non-QM aka subprime portfolio. Current Value of CCR mean NOTHING it is the future plans to use Collateral Assets (per Section 5.04 if Service Rights Transfer Agreement see back of Q3 2007 10Q) that can be leveraged/resecuritized at NIMs net interest margins of 500 Bpts. $3Billion times x same leverage as $DX, $NRZ $45Billion times x NIM 5% = $2.3Billion. This creates a 3.30 to 5.50/share annual dividend estimate.
    5.a. This can be finance by shelf offering already approved by shareholders for Preferred Stock P/S Series F defined in $NOVC Oct 2018 Proxy 14A page 12 (prices one NOVC common right to dividend/vote at Mass Mutual cost basis $2.33/one common). These investors restructured Dynex Capital $DX together, Fortress further restructured $NCT into $DS after spinning off $NRZ, $SNR and NEWM now $GCI, they restructured public companies with the same attributes to $NOVC including $OCN Servicer of NOVC $3B RMBS Portfolio, One Main $OMF, Mr. Cooper $COOP which merged $3.8B with Fortress 70% owned Nationstar, Impac Mortgage Holdings $IMH, Capstead Mortgage $CMO used by Fortress to camouflaged Fortress ownership of Dynex Capital $DX which Wesley Edens, COB restructured 2000-03 with Barry Igdaloff (Chairman of $NOVC and served on DX Board for 20 years) and his crew, on and on.
    EJF Capital LLC - EJF Capital LLC
    www.ejfcap.com
  • A
    Andrew
    Why is the 1 year target so high on a stock that has done nothing for a long time I wish it would just get to a buck
  • j
    jdheart101
    WE ARE READY FOR SOME NEWS BIG TIME .25 COMING
  • W
    Wayne
    I don't know, there is nothing reported that I can see. Vanguard only allows the sale in whole cents so my open sell orders are for $0.06. I like doubling my money in a short time.
  • A
    Alan
    What is going on????
  • a
    andrew
    only the officers of this co. are allowed to earn any money. andy
  • v
    vinesandivy
    Fortress/EJFcap own $NOVC hidden by CDOs Taberna I/II that own both 27% 31M shrs $NOVC & only Sr Debt to exit Ch 11. How can Fortress/EJF sit at capital table promote Common when they also use Sr Debt to destroy common? NOVC Sr Debt is ruse to take 50M of 70M shares at pennies 72%. I believe they will copy past reorg $DS/$NRZ formerly NCT by splitting $NOVC into 2 tax free co
    1. Tax Exempt MREIT Novastar Fin’l ex NYSE NFI w/ rights that control future use of collateral assets 600% WAC to most $3B RMBS Non-QM
    2. HCS $730M NOLs 10-days 7/26-8/6 >3.5M shares trade & 73% is shorted.
    MassMutual & sub-Barings with Fortress past DX co investors led Chairman Barry Igdaloff hold 90M with small count.
  • v
    vinesandivy
    $NRZ conversation
    Fortress reorganized $SNR & $NRZ out $DS x $NCT $NOVC can split into 2 tax-free co MREIT New $NFI & HCS w/ $730M NOLs. NFI can use billions of collateral assets for new dividend Service Rights Transfer Agreement Section 5.04 Rts that control future use of collateral assets 6% WAC
    Why would Creditors (Fortress/EJF hidden by CDOs) at Novation $NOVC use NOVC only Sr Debt to hurt Common? Creditors also own 31.3M 27% common, 90M w/ co-investors Mass Mutual/Barings & Fortress' co investor that reorganized Dynex Capital $DX w/ Barry Igdaloff NOVC CoB.
    Bullish
  • S
    Slag
    362,048 shares exchanged hands yesterday. Hmmm.
  • v
    vinesandivy
    HCS www.healthcare-staffing.com is 100% owned subsidiary of Novation Companies, Inc. traded OTC symbol NOVC which holds $728M NOL 713 shareholders of record SR per 2019 10K certified by CPA firm Boulay Group. Why NOVC fails to identify HCS as owned by NOVC Shareholders is mystery for NOVC Board: Barry Igdaloff, Howard Amster (both DX Investors) and 3 appointees of Chuck Gillman, Jeff Eberwein David Pointer, CEO, Lee Keddie and H Tim Eriksen. NOVC Shareholders deserve to have label attached to every HCS web site, stating HCS is 100% owned by NOVC Shareholders.
  • M
    Marius
    i dont know why the volume is so low on this.. they have alot of assets and not much liability.. they need to work on growth, but i think the pandemic can accelerate that from a health care staffing point.
  • □∙▪ΡΩŴΞЯ§ŁΔVΞ▪∙□
    $LQSIF conversation
    about a 100% gain in 6 mos ...
    does alcanna remain separate or does it also become $novc with $ysscf r/m ?
  • v
    vinesandivy
    $NOVC is owned 114.6M shares by investors that do not trade. Per S-8 filed at NOVC with SEC there are only 114.6M common shares outstanding CSOS Dilute, therefore no shares are available. Yet 8M shares traded since 2/8/21, 50M OVER LAST 365 DAYS on No News, No 10K, No 2020 Proxy/Annual Meeting. The pps has gone from 1.8 cts to 24 cts on very large volume today it ended 15 cts. Let's call it the way it is someone with a real narrative is buying NOVC professionally on no news. On top of this NOVC Chairman of the Board Barry Igdaloff (who restructured $DX with $NOVC Note Holders resigned from DX Board after 20 years 8/31/20 and NOVC provided no disclosure of his appointment as NOVC Chairman of the Board).
    NOVC copies Fortress redo of DS and NOVC separates Novastar Financial Inc. NFI ex MREIT and deploy Cleanup Call Rights per Service Rights Transfer Agreement Sec 5.04 to access rich, seasoned collateral assets that can be leveraged and resecuritized into a New NFI Dividend. Igdaloff denies this but NOVC is surrounded by World Class MREIT, NOL, CCR investors like:
    Note Holders Fortress behind CDO Taberna and EJF Capital behind Kodiak CDO own 31.3M
    Mass Mutual and sub Barings 19.3M
    Barry Igdaloff and his cabal of ex DX investors own at least 36M
    I have shareholder count of less then 10 that hold with the remainder of 713 Shr Rec per 10k 2019 28M
    Adds up to 114.6M compared to 114.6M CSOS Dilute per S-8. NO shares available in NOVC, NO News on NOVC and out of the blue millions of shares traded. See www.otcshortreport.com www.otcmarkets.com
    OTC Short Report - number one tool to track short selling interest on OTC Companies, check daily short information, short data, short perfomance
    OTC Short Report - number one tool to track short selling interest on OTC Companies, check daily short information, short data, short perfomance
    www.otcshortreport.com
  • v
    vinesandivy
    $GCI conversation
    Fortress reorganized 3 Tax Exempt MREITs $NEWM now $GCI, $SNR & $NRZ out $DS x $NCT $NOVC can split into 2 tax-free co MREIT New $NFI & HCS w/ $730M NOLs. NFI can use billions of collateral assets for new dividend Service Rights Transfer Agreement Section 5.04 Rts that control future use of collateral assets 6% WAC
    Why would Creditors (Fortress/EJF hidden by CDOs) at Novation $NOVC use NOVC only Sr Debt to hurt Common? Creditors also own 31.3M 27% common, 90M w/ co-investors Mass Mutual/Barings & Fortress' co investor that reorganized Dynex Capital $DX w/ Barry Igdaloff NOVC CoB.
    Neutral
  • v
    vinesandivy
    https://www.wallstwarriors.com/c/penny-stocks/https-www-otcshortreport-com-company-novc
    I believe Masa Son CEO of SoftBank parent to Fortress can use his petty cash ($100B cash) to invest in NOVC Preferred Series F read NOVC 2018 Proxy Page 12 Rights offering. PS Series F is only 500M common equivalents prices at exactly Mass Mutual and sub-Barings cost basis $2.33/one NOVC common right to vote, receive a dividend to one common share.
    Fortress, EJF Capital 100% Note Holders & 31.3M 28% $NOVC shares aligned w/ Common; Hard to find Note Holders IS as Fortress hides behind CDO Service Rights Taberna I & II 67% and EJF Capital behind CDO Service Rights on Kodiak CDO 33%
    Mass Mutual & subsidiary Barings owns 19.3M & Note Holders own 31.3M & Fortress' co-investors from Dynex Capital $DX Barry Igdaloff NOVC Chairman of the Board and his DX co-investors Thomas Akin, Todd Emoff, Howard Amster along with Barry Igdaloff’s co-investors Chuck Gillman/Jeff Eberwein/Whitney Tilson own 36M & myself and 6 others plus the other 713 Shr Record own 28M shares adds up to 114.6M shares that do not trade on NOVC, there are only 114.6M shares per S-8 recently filed at SEC.
    8M $NOVC shares trade from 2/8/21 to 2/25/21 on No News, No 10K 2020, No Annual Meeting or No 2020 Proxy 14A and 50M shares trade over 365 days.
    Someone is buying off the real narrative vs the false narrative they have developed to take tens of millions of NOVC shares at pennies on top of 46M shares they have already given themselves (15M Board + 31.3M Note Holders all related).
    These investors can make over $3B by duplicating their restructuring blueprints from $DX and $NRZ aka $DS by:
    $NOVC spinoff MREIT NFI Novastar Financial Inc. use CCR cleanup call rights per Service Rights Transfer Agreement Sec 5.04 that allows NFI access/control over collateral assets on $3B RMBS portfolio. These Collateral Assets can be leveraged/resecuritize into new Dividends est 3..75/common shares and remaining public company can be position HCS www.healthcare-staffing.com as SPAC w/ $730M NOLs. Both MREIT and SPAC would be tax free.
    This is exactly what Fortress did at Newcastle NCT now called Drive Shack DS after it separated 3 MREITs NRZ, SNR and NEWM see Edens Presentation to DS Shareholders attached.
    Bullish
  • A
    Andrew
    What happened today
  • D
    Doug
    Think about it Novation Companies Inc. OTCBB $NOVC per 2020 10K has 116m CSOS but that is dilute so we have to back out 22.350M ten yr warrants given Note Holders Fortress aka SoftBank and EJF
    than MassMutual Barings doesn't trade so 19.3m shrs and a small share holder count holds 23M shrs this leaves only 51M shares outstanding to trade but that not the end 19.3M-23m= 51m shrs outstanding not float than Page 7 of 10K shows 696 Shareholder of Record not including SR inside street names let est 5m this leaves 46M shr outstanding but wait NOVC Chairman of the Board (former DX Board Member with Thomas Akin and Fortress) Barry Igdaloff''s cabal of Thomas Akin x CEO COB of Dynex Capital $DX sat on DX board for years with Barry Igdaloff, Todd Emoff and his bro + Chuck Gillman own at least 36m of 116m CSOS in 2020 10K. Conclusion is from this estimate only 10M NOVC Common Shares outstanding are available to trade or lend.
    ONLY 10M share outstanding available yet we can est 5M shares est for 696 SR is low and I know others that own NOVC and do not trade but given this 10M share est (46M-36M) 10m shr outstanding available to trade or lend and NOVC trading volume from 2.8.21 to 3.10.21 has been over 20M shares traded or more then double 10M shares above. JUST IMPOSSIBLE
    This trading volume of 20M shares includes 3M and 1.8M for 3.9.21 and 3.10.21. Further the question is where are shares coming from and who would buy at 2 to 7 cts, 14 cts stock 20M shares just since 2.8.21?Who would buy NOVC given the horrible IMO false narrative of news bad 10k Form 4s creating impression NOVC Board Members; Igdaloff Amster Pointer are dumping millions of NOVC shares at
    pennies. I believe someone is buying NOVC off inside information while NOVC Board conceals true plans. Concealing future material events rents GAAP Boulay Group to conceal 730M and call rights to most of $3B portfolio of rich and seasoned collateral assets only NOVC owns. This creates a "going concern" all a false narrative created to such up tens of millions of NOVC shares for the lowest possible price.
    10M shares available & outstanding yet NOVC sees double the trade 20m shr just over the last month 2/8 - 3/10/2021. Also we can assume 5M held by 696 SR is low.
    Bullish
  • L
    Laurenzhe
    Burping?
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