Novation Holdings Inc. (NOHO)

[CoodBMoney]

So, Mr Gelmon knew back at the first of the year he was dealing with this Chinese Company. Therefore, it is my opinion that Mr Gelmon probably cleaned up this "shell of a company" so that it could be sold/taken over by the Chinese Company thru the purchase of the PREFERRED STOCK. Again, that Preferred stock appears to me to be worth 1-2 million dollars based on its description stated in NOHO financials.
If Mr Gelmon is still listed as beneficial owner of the Preferred Stock in future filings, then I will assume I was wrong. But, I think with the September 14th press release about the chinese company gaining control of a public company, it is probably a good bet Mr Gelmon got a very good payday on the selling of this stock to a group wanting a publicly traded company.