Novation Holdings Inc. (NOHO)

[nodummy]

ALZM - Research

10K filed today

http://www.sec.gov/Archives/edgar/data/1080602/000108060211000017/f10k8312011.htm

The highlight? Well there is none, but some of the key information from the 10K includes:

For the years ended August 31, 2011 and 2010, the Company had no revenues. Since inception, the Company has yet to earn revenues and has incurred cumulative net losses of $28,096,219. For the years ended August 31, 2011 and 2010, the Company had net losses of $2,534,520 and $3,501,650, respectively. Our activities have been attributed primarily to start up and business development.


Share count numbers:

January 25, 2011 = 52,170,000
July 14, 2011 = 131,937,210
August 31, 2011 = 140,080,039
December 2, 2011 = 173,324,482

3,649,749 of those shares were issued at $.001/share to an unnamed recipient.

ALZM has $2,326,940 in debt Notes, $499,072 of which is past due.

Among those debt Notes includes some debt Notes to Asher Enterprises Inc and Crystal Falls Investments, LLC.

Some of those debt Notes convert at 50% below the lowest trading price over the previous 10 trading days.


-------------------



Some recent history of ALZM:

Back in February of 2011 before the big $1.3 million pump&dump done on this stock ALZM issued 78,255,000 shares to acquire Organ Transport Systems, Inc. The sole shareholder of Organ Transport Systems, Inc was Healthcare of Today Inc.

The acquisition agreement included a clause that Healthcare of Today would be issued additional shares any time the outstanding share count grows so that Healthcare of Today and its insiders will always maintain ownership equal to 60% of the outstanding shares of ALZM:

On January 24, 2011, Registrant entered into an amended Acquisition Agreement to acquire 100 percent of the issued and outstanding common stock of Organ Transport Systems, Inc. from its former sole shareholder, Healthcare of Today, Inc. in exchange for common shares of Registrant equal to sixty (60) percent of the resulting total common shares issued and outstanding, which shares thereafter will be non-diluting, so that any issue of additional common shares will result in the issue of common shares to Healthcare of Today, Inc.


Healthcare of Today Inc is an entity controlled by Henry Jan and Robert Hipple:

http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=61307655


-------------------


Some history of Healthcare of Today:

Healthcare of Today Inc was originally Eneftech Corp. Eneftech Corp was an entity controlled by Henry Jan. He incorporated the entity in Texas in 2001 (its original name was ILN Barrington Corp) In 2004 Eneftech Corp acquired iWorld Projects & Systems, Inc (a company controlled by Robert Hipple).

iWorld Projects & Systems Inc was an elaborate scam that controlled several subsidiary companies and issued fraudulent filings and press releases about its operations. iWorld Project & Systems Inc was basically a type of Ponzi scheme passing around worthless assets between a number of different publicly traded shells that it controlled. For his role in the iWorld Projects & Systems Inc scam, Robert Hipple was ordered to cease and desist from committing fraud and was banned from acting as an officer or director of publicly traded companies by the SEC:

http://sec.gov/litigation/admin/2010/34-61688.pdf

That didn't stop Robert Hipple from staying involved behind the scenes. He continued to act in a legal role for Henry Jan's entity, Healthcare of Today Inc, and helped author filings for the various publicly traded shells that Healthcare of Today Inc gained control of and manipulated using false claims about business operations.

Like iWorld Projects & Systems Inc, Healthcare of Today Inc began building a bunch of relatively worthless assets and shell companies under its umbrella playing a similar game of swapping worthless assets in exchange for shares in publicly traded companies to build up great wealth through fraud.

Some of the publicly traded companies taken over by Henry Jan and Robert Hipple and their entity, Healthcare of Today Inc include:

SK3 Group Inc (SKTO)

http://investorshub.advfn.com/boards/board.aspx?board_id=16330

Octus Inc. (OCTI)

http://investorshub.advfn.com/boards/board.aspx?board_id=7576

Alternative Energy Partners (AEGY)

http://investorshub.advfn.com/boards/board.aspx?board_id=17584

All of those publicly traded shells are basically worthless with almost no real assets and no real revenues. They were taken control over by Healthcare of Today Inc, then pumped through false promises and fraudulent statements and filings. The shareholders were then dumped on for the self enrichment of the Healthcare of Today insiders.

Through AEGY, Healthcare of Today also controls Sunarias Corporation which has a connection to Roger Pawson through Stephanie Padilla, and Elan Energy Corp

Back in March of 2011, AEGY was the subject of a boiler room scam in which some off shore entity was involved in selling fake shares of AEGY to the public (mostly investors in Canada and the UK).

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60565198

Henry Jan and Robert Hipple also control Lin-Han Equity Corporation, Lin-Han Century Corp, and Elan Health Services Inc.

At one time Healthcare of Today Inc was even involved in a very dirty shell run by John Jarvis and Claude Eldridge called Guardian Angel Group Inc (GAGI) and a shady Florida business entity called Groupe Concorde Development Inc (also known as Concorde Gruppe GmbH) that would later do some fraudulent press releases with Ramo Management Ltd (RAMO) which is a Michael Goeree controlled shell (probably hijacked).

Healthcare of Today Inc also has lots of other shady connections not included in this post.

On February 15, 2011, Healthcare of Today, Inc was revoked by the SEC:

http://sec.gov/litigation/admin/2011/34-63912.pdf

Eneftech Corp. (CIK No. 1138654) is an inactive Texas corporation located in Burbank, California, with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). The company is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended September 30, 2005, which reported a net loss of $26,073 since the company’s April 2, 2001, inception.


-------------------


The Pump & Dump:

After Healthcare of Today took over control of ALZM an expensive pump and dump was run on the stock.

On March 23th, Eric Dickson was hired to run a pump&dump on ALZM. For the first 5 trading days of the pump it saw gains hitting a high of $2.60 on March 30th. Then it was pretty much all downhill from there.

The March 23rd newsletter stated:

"You Could Make 3,000% In The Coming Weeks. Every $5,000 Invested
Today, Could Be Worth A Staggering $300,000 By July 1st!"

$5,000 invested in ALZM on March 23rd (3030 shares) ended up being worth $1,212 on July 1st.

Ooops Eric Dickson was only off by $298,788.

Even if investors sold at the peak price of $2.60/share that $5,000 only would have been turned into $7,878. A far far cry from 3,000% gains.


The promotional newsletters also fraudulently stated that former Wisconsin governor, Tommy Thompson, was a member of the Board of Directors of ALZM.

Tommy Thompson would later out the newsletter for the fraud and disassociate himself with not only the ALZM pump&dump, but also all other companies associated with Jan and Hipple:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7858851


ALZM would put out a press release on March 31, 2011 trying to separate itself from the stock promotions and even stating that they have been contacted by the SEC:

http://ih.advfn.com/p.php?pid=nmona&article=47115171

“We have already had contact with regulatory authorities regarding this matter and have advised that the Company is not part of the promotion, did not authorize it, did not pay for it, did not approve any promotional materials, and believes the advertisement is materially false and misleading.”


-------------------------


Enter Michael J Gelmon:

On June 3, 2011, ALZM announced that retroactive to May 31, 2011, Michael J. Gelmon was added to the ALZM Board of Directors.

On June 6, 2011, Michael J. Gelmon took over as the new CEO of ALZM.

Michael J. Gelmon has his own ugly past when it comes to penny stocks.

Michael J. Gelmon and his brother, Cory Gelmon, have been connected to some real scammy shells including

Protocall Technologies, Inc (PCLI)

http://investorshub.advfn.com/boards/board.aspx?board_id=8977

Avitar, Inc (AVTI)

http://investorshub.advfn.com/boards/board.aspx?board_id=7644

Epicus Communications Group Inc. (EPCG)

http://investorshub.advfn.com/boards/board.aspx?board_id=6138

Safeguard Security Holdings, Inc (SSHS)

http://investorshub.advfn.com/boards/board.aspx?board_id=1455

PaperFree Medical Solutions, Inc (PFMS)

http://investorshub.advfn.com/boards/board.aspx?board_id=3390

ALL major stinkers trading at almost worthless.

PCLI was another John Jarvis/Claude Eldridge connected shell.

AVTI and PFMS both had a very dirty connection to Corey Ribotsky.

Michael Gelmon and Cory Gelmon are both very close to Corey Ribotsky. Together the three of them formed the NIR Group.

Together in June of 2010, Michael Gelmon, Cory Gelmon, Corey Ribotsky, and Eagle Ridge Capital Corp (an entity controlled by Michael and Cory Gelmon) formed a Cayman Islands based entity called Haverstock Offshore Manager, LLC to use for the type of toxic financing deals that kill publicly traded companies.

http://www.sec.gov/Archives/edgar/data/1450748/000114036110030099/xslFormDX01/primary_doc.xml

The same type of financing that the group did using New Millennium Capital Partners II, LLC, AJW Qualified Partners, LLC, AJW Offshore, Ltd. and AJW Partners, LLC - collectively known as NIR Group.

More on the Gelmon / Ribotsky connections:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59591483

http://investorshub.advfn.com/boards/board.aspx?board_id=11792

Ribotsky is now having to deal with the Feds for his role in NIR Group fraud:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61365089


Eagle Ridge Capital Corp, an entity controlled by Michael and Cory Gelmon, was named in OSC litigation along with NIR Group in December of 2009 for their role in the stock manipulation of the TSX ticker, ELOC:

http://www.osc.gov.on.ca/en/26565.htm


-----------------------


ALZM will have its temporary ups, but it will mostly be down. With the dirty set up involving Healthcare of Today, the huge debts, and the Michael Gelmon connection, ALZM is doomed to eventually end up as a near worthless ticker trading in the triple zeroes.