Novation Holdings Inc. (NOHO)

[CoodBMoney]

I'm not so sure Gelmon still controls this company. Though he might still "technically" be the president or CEO for the time being.
I also think Gelmon might have "outfoxed" everyone here.
According to most recent quarterly report, Mr Gelmon only owns 111,111 shares of the approximately 8.5 Billion outstanding shares of NOHO stock.
However, he does (or did) own/contral of 1,000,000 shares of Preferred stock that grants the owner 51% voting rights of (all) classes of stock of NOHO.
It also is due a $.01 per share dividend as well as a conversion value of 1-2 million dollars worth of common stock (based on when converted).