Novation Holdings Inc. (NOHO)

[I-Glow]

You might want to read the 8-K before you get too excited about a merger.

From the 8-K:

All outstanding fully diluted common shares of Registrant at the closing of the merger, including the common shares issued in the conversion of outstanding convertible promissory notes, will be exchanged in the merger on the basis of one new, post-merger share of ACX common stock for each 10,000 pre-merger common shares of Registrant issued and outstanding, with any resulting fractional share being rounded up to the next whole number. The ACX common shares issuable in the merger to the pre-merger common shareholders of Registrant, including those common shareholders resulting from the pre-merger conversion of Registrant’s outstanding convertible promissory notes, will represent, collectively, ten percent of all of the ACX common stock issued and outstanding immediately upon the closing of the merger.

What this means is if you owned 1,000,000 shares of NOHO after the merger you will now own 100 shares of the new company.

But more importantly is the following:

The ACX common shares issuable in the merger to the pre-merger common shareholders of Registrant, including those common shareholders resulting from the pre-merger conversion of Registrant’s outstanding convertible promissory notes, will represent, collectively, ten percent of all of the ACX common stock issued and outstanding immediately upon the closing of the merger.

From OTCM the A/S is 2,500,000,000 shares as of Nov 05, 2013 - after the conversion this will represent 10% of the common shares of the new company.

The merger effectively wipes out all current shareholders.

IG