Novagen Ingenium, Inc. (fka NOVZ)

[Huggy Bear]

Michael Nugent NOVZ. This guy has the right people around him so imo this engine is just waiting for the start button to be pressed, $$.

Would that be akin to the start button on his other scam engines run as exposed here by the Sydney papers?

Here is an excerpt.

Mr Nugent also liked to tell people he had clearance from NASA to speak to its top scientists about his engine.


But his business empire is a charade. The Australian Securities and Investments Commission has twice taken action against him, for illegal fund-raising and for deceptive conduct. The Supreme Court of Queensland has ruled that his magnetic engine does not work - and cannot work. The Queensland Court of Appeal upheld that decision.

Claims for Mr Nugent's engine are more audacious than the Firepower ''pill'', which claimed merely to drastically cut fuel consumption.

His other ventures - based on a road-and-shipping integration concept in several companies with variations of the name Roadships - are also charades.

Full article here.

http://www.smh.com.au/national/the-menace-of-magnetism-20110416-1diuk.html

This is a clear cut scam. The assets of NOVZ are zero, the stock was created to continue to fleece people like Nugent and McClelland and associated did for about 33 million with RDSH.