Novo Integrated Sciences Inc (NVOS)

[janice shell]

Today's news--about the Ophir Collection--seems a bit out there.

BELLEVUE, Wash., December 4, 2023 - Novo Integrated Sciences, Inc. (NASDAQ: NVOS) (the “Company” or “Novo”) today announced the United States District Court for the Central District of California has approved the Purchase and Sale Agreement (“PSA”) which provides for the Company to acquire a certain collection of 43 gemstones, 42 of which are certified by the Gemological Institute of America, known as the “Ophir Collection”, for $60,000,000. The PSA was entered into on November 21, 2023, between the Company and Blake Alsbrook (“Seller”), solely in Seller’s capacity as Court-appointed Successor Receiver in Ocean Thermal Energy Corporation v. C. Robert Coe II, et al., United States District Court for the Central District of California, Case No. 2:19-cv-04299 VAP (JPRx). The PSA was previously disclosed by the Company in a Form 8-K filing, dated November 27, 2023.

https://ih.advfn.com/stock-market/NASDAQ/novo-integrated-sciences-NVOS/stock-news/92716559/form-8-k-current-report

So where will the company dig up that $60 million?

[Budchaser]

Below 1.00 next week.

[Hesmybrother]

The 10Q (late filing) gives this scam management a bit more time to file the S1 for $60 million to cover their executive bonuses while they will state the funds are for payment for a non existent Gem collection

This smells a lot like $GTII which also sells shares as their primary product

[Arnold25764]

1.00 coming?

[ysung]

Off the Non compliant list !!!!!!

Official p.r coming Monday !!!!

[redspeed]

Seems like most of Borders pumps are petering out including $NVOS

Looks like he already onto his next PnD

The guy that claims he signs more 7 figure contracts than anyone in the world

The obvious questions are...

How would he know that and where is this is each of his clients filings?

I call BS

I wonder if Borders actually understands the anti-touting provision of the Securities Act?

Already got a $300K judgement against him for selling stock

$NVOS might be better off cutting ties.

Second link...
https://www.seminoleclerk.org/online-services/records-online/

[oneforone]

Where is the news about funding
hmmmm

[zendeli1]

Right now Start 🚀🚀🚀

[limer814]

Riiiiiight

[DjHiroller]

This stock is sucking

[boston127]

Thanks. You were right as rain

on another company. It is up AH. I may keep adding shares as long as I am in the black.

[da_stock_analyst]

#NVOS 🔥 going back to $2.6-3 again? $NVOS

[TrendTrade2016]

not a stock to go long on...shorts will have their day with it

[boston127]

The RSI at 37 is bearish.

We need to get that to at least 40 or 45 before we will see any sustained buying.

[boston127]

According to Investopedia,

"A reverse stock split has no immediate effect on the company's value, as its market capitalization remains the same after it's executed. However, it often leads to a drop in the stock's market price as investors see it as a sign of financial weakness."

Is an RS good for a company? I dislike them, but many investors say, "Yes."

"Attract big investors: Companies also maintain higher share prices through reverse stock splits because many institutional investors and mutual funds have policies against taking positions in a stock whose price is below a minimum value. Even if a company remains free of delisting risk by the exchange, its failure to qualify for purchase by such large-sized investors mars its trading liquidity and reputation." - Investopedia

I just bought today at $1.80. Ended a bit down for me. But, I am golden as I am way below $2.97. The CEO is very controversial, but so are 50% of all CEOs. Tough to say what will happen.

[oneforone]

If you do the math or look at chart
you will see that this opened equal to 2.97 a share on the 6th
That was the day of the R/S pr. 11/6
Those that held are hurting
Fact check it

[janice shell]

LOL The people that propagate the "short" farce always claim that a reverse split forces the evil shorts to close their positions. Too funny.

I know. That has literally NEVER happened. But they keep on saying it.

[boston127]

Had to jump in today.

Wake me when this breaks $10.

[TrendTrade2016]

NVOS...HERE IT IS

[redspeed]

Those shares purchased before the split should start being available to trade today and all by tomorrow if I remember right. Might be interesting watching the volatility this week.

[TrendTrade2016]

NVOS READY TO BREAK 2.00

[WarMachine]

LOL The people that propagate the "short" farce always claim that a reverse split forces the evil shorts to close their positions. Too funny.

[boston127]

Nice pre-market this AM.

Not sure if I should wait or jump in now. After an RS, most stocks retreat.

[janice shell]

You aren't making any sense. Sorry. Anyone who was short NVOS yesterday had his short position reduced corresponding to the size of the r/s.

[motleytool]

Hindenburg doesn't take take small short positions. They are good at what they do. I am well aware of the last few days price action. Also aware of shady past of NVOS ceo. This is a squeeze due to the announced buy back followed by the R/S to reduce float. Check mate for Hindendburg.

[lucky, mydog]

ding, ding ding. we have a winner.

[redspeed]

"The reverse stock split will become effective on Tuesday, November 7, 2023. In conjunction with the reverse split, the CUSIP number will change to 67011T300."

Been a while since I invested in a stock that did a RS, but last time I did, some people couldn't sell their old shares for a day or so because the CUSIP change. That caused lopsided trading with more buys than sells. If you bought the day of the RS, you certainly could flip those shares. Maybe the brokers update it faster now, idk but that used to explain the pop of a stock that did a RS before it takes the usually beat'n. Most know if the company really, really, really had good news coming. They wouldn't do a RS. They wouldn't hire a stock promoter either.

[boston127]

RS. There is no massive gain.

1 for 10 reverse split. Price went up tenfold, and the number of your shares went down tenfold.

[boston127]

Good data. Thanks.

I've always liked this company and will watch for when it is safe to get back in. Got out in the red.

[janice shell]

You realize, do you not, that the current stock price is equivalent to $0.155 pre-split?

There is no "massive squeeze". The stock is now trading significantly lower than it was last week.

Sheesh.

[motleytool]

Looks like Hindenburg is caught in an epic squeeze.

[INFINITI]

Wow what a comeback congrats those who held

[TrendTrade2016]

NVOS BLOWING UP

[limer814]

Who sold at what pps??

[weedtrader420]

WEEEEEEEEEEEEEEEE

[TrendTrade2016]

NVOS...SHE MOVES FAST AS FUC

[TrendTrade2016]

NVOS...ON THE MOVE POST SPLIT

[lucky, mydog]

you were right. very interesting.

[janice shell]

Many thanks. For what it's worth, NVOS's CEO spells his name "Mattacchione", not "Mattachione". But he definitely seems to be the guy involved in the Toronto charity scam:

[1] Roberto Mattacchione (“Roberto”) and Vincenzina Mattacchione (“Vincenzina”) (now remarried as Vincenzina Palenchuk) were childhood sweethearts, married young. Roberto was a self-described entrepreneur, clearly smart and enterprising. Vincenzina was, during the years in issue, a devoted, loving wife employed in administrative roles in Roberto’s commercial activities, some of which pertained to charitable donation arrangements, in which product acquired by a company would ultimately, through a series of transactions, be donated at a considerably higher value to a charity. Two companies involved in this buy low – donate high program were Riel 1 and Riel 2. Riel 1 was incorporated on May 15, 2002 as 2011363 Ontario Corp. changing its name to Riel Enterprises Ltd. in September 2004 and again changing to ICC Riel International Inc. in August 2005. Riel 2 was incorporated on October 29, 2003 as 2034931 Ontario Corp., changing its name to Riel International Ltd. in September 2004...

https://www.canadiancharitylaw.ca/uploads/Mattachione,_V._et._al._v._The_Queen_(TCC).pdf

It's quite long, but kind of interesting.

[janice shell]

Good play for you, then.

[lucky, mydog]

here's a c/p.

SUBSCRIBER ONLY
GUILTY PLEA IN LOAN SCAM
By
PUBLISHED: June 11, 1997 at 4:00 a.m. | UPDATED: September 24, 2021 at 11:53 a.m.

Robert Emil Mattachione, who turned himself in to federal agents on racketeering charges in January, pleaded guilty in Fort Lauderdale on Tuesday to one count of conspiracy.

Mattachione, 32, of Lighthouse Point, faces up to five years in prison at his sentencing Sept. 26, before U.S. District Judge William Zloch.

Mattachione was implicated in a scheme to dupe out-of-state companies into sending computer equipment and parts on credit. He would close his phony businesses a few weeks later without paying for the goods, detectives said.

Mattachione, whose father ownes Kwik Cash Pawn Inc. in Fort Lauderdale, made more than $100,000 selling some of the goods to a Fort Lauderdale computer store and a Hollywood pawshop, police said. Investigators said he stole up to $500,000.

[janice shell]

God I get tired of paywalls. But I was able to read enough to get the idea before the popup appeared.

Are we to assume he's cleaned up his act? I never make those assumptions.

[limer814]

1.32

[tedgoeseast]

sold for 1.30 early this morning for a 500.00 profit so am out,bought yesterday for 1.10

[Stock_Up_Stock_Down]

Holy shit. Serial scam artist. This is unbelievable

[lucky, mydog]

https://www.bbb.org/ca/on/woodbridge/profile/concert-promoters/beyond-oz-productions-0107-1383046/complaints

[lucky, mydog]

https://www.dhakatribune.com/financial-markets/326629/novo-integrated-sciences-nvos-up-80%25-belly

[lucky, mydog]

https://www.thestar.com/news/investigations/1-4b-tax-scams-nail-donors/article_6403ce60-2791-5e00-ad80-7cbfa1b97f9d.html

[lucky, mydog]

https://www.thestar.com/business/personal-finance/regulator-halts-too-good-to-be-true-insurance-claims/article_27dd0992-320d-52e0-aea2-2a9d7334d6c5.html

[lucky, mydog]

https://www.sun-sentinel.com/1997/01/18/agents-say-man-used-fake-firms-to-steal-goods/