What information is David Dreman & Goldman Sachs using to BUY millions of sub Penny Stock
What news is Goldman Sachs, Blackrock, David Dreman, and Putnam Investments using to BUY millions of Novation $NOVC shares? $NOVC Board triggers SEC Rule 15c2-11 which STOPs both public SEC Filings & Retail Bid/Ask but still allows expert investors aka hedge funds to Trade $NOVC Common Shares off no retail information! Here is why I believe powerful whale size investors, many related to $NOVC Board or controlling investors, are buying a sub penny stock $NOVC off non-retail information courtesy of SEC https://www.marketscreener.com/quote/stock/NOVATION-COMPANIES-INC-120787360/company/

I have confirmed my thesis with both Saxon Capital $SAX ex-CEO Michael Sawyer & Jason Stewart the MREIT Director at www.jonestrading.com (ranked by TipRanks) formerly MREIT Research Director at FBR Friedman, Billings and Ramsey now EJF Capital www.ejfcap.com that investors that control $NOVC Board, $NOVC only Sr Debt to exit Ch 11 and 116M Common Shares Outstanding will not waste Novation Companies Inc. $NOVC $730M NOLs or Rights CCR defined by Section 5.04 of Service Rights Transfer Agreement, SRTA see Exhibit 2.1 of 10Q filed for Q3 2007. $NOVC Board restructured Dynex Capital $DX NYSE tax-exempt MREIT with Fortress. Now Fortress/EJF Capital/Mass Mutual & sub-Barings/Jefferies & White Mountains Capital $WTM are these investors.

Mr. Sawyer and Mr. Stewart both know these investors above and agree they are some of the greatest MREIT Market Makers of all time, specifically Fortress/EJF Capital. Wesley Edens x Blackrock, Lehman Bros/Peter Briger x Goldman Sachs Sr Partner, Co-CEOs of Fortress and Neal Wilson Manny Friedman Co-CEOs of EJF Capital formerly FBR. I shared my thesis regarding what I believe to be the true restructuring of $NOVC balance sheet and capital table. They separately agreed with the concept that $NOVC can break into 2 tax-free companies by spin-out their prior tax-exempt MREIT Novastar Financial Inc. NYSE $NFI which holds CCR cleanup call rights, that can be monetized into MREIT Dividend. The SRTA is P&S between $NOVC & $SAX for sale of MSR mortgage servicing rights, which allowed only $NOVC to retain these CCR rights that control the future use of billions in rich/seasoned collateral assets ideal to be leveraged/securitized into a tax-exempt MREIT dividend & external management fee EMF for Fortress.

Fortress cashed every year over $150M EMF at $RITM aka $NRZ until months ago when Fortress triggered a $400M termination fee. $NOVC Board and Boulay Group a top 100 CPA firm per #AICPA, paid well into 6 figures to audit/certify $NOVC 10Ks fail to disclose this in SEC filings. Fortress/EJF Capital are the 2 top MREIT Market Makers and their ownership of 100% of NOVC only Sr Debt & 27% of all $NOVC common shares are hidden behind CDOs Taberna I & II/Kodiak CDO I which they paid almost nothing to own via CDO Service Rights.

Fortress led the restructuring of Newcastle Investment Corp $NCT now traded Drive Shack $DS which retained all of the $160M NOLs as the 3 MREITs they spun out are already tax-exempt per IRC. Newcastle Investment Corp’s previous symbol $NCT became Drive Shack $DS and 3 tax-exempt MREITs were spin-out including $RITM x $NRZ, $SNR New Senior sold for $2.3B & $GCI formerly New Media X $NEWM. If they copy this restructuring blueprint at $NOVC they make BILLIONS and create an annual cash flow of hundreds of millions in dividends and EMF every year out of a sub-penny stock, not filing SEC documents or providing a retail bid/ask the courtesy of SEC Rule 15c2-11.

Evidence shows $NOVC Board of Directors; Barry Igdaloff & Howard Amster both made a mint restructuring Dynex Capital NYSE $DX with Fortress assistance. Both DX and SAX were MREIT spun out of the same public company based in Glen Allen, VA. Manny Friedman, Neal Wilson, Co-CEOs at EJF Capital were the book runners for both SAX and DX. Board has been working closely with investors Chuck Gillman/Jeff Eberwein, Fortress co CEOs Wesley Edens, Peter Briger, EJF Capital Co-CEOs Manny Friedman, Neal Wilson, Barings and Mass Mutual William Bill Wallis, x Barings CEO/Chief Investment Officer of MassMutual Thomas Finke, ex CEO/COB of Dynex Capital NYSE $DX, ex Board Member at IMH and major shareholder of $NOVC, Thomas Akin, President of Jefferies Brian Friedman, CEO of Jefferies Rich Handler, and Frank Bazos of White Mountains Capital. This is the thesis why related experienced HF investors own almost all $NOVC common, all $NOVC only Sr Debt to exit Ch 11 and control the Board of Directors. This is the thesis explaining why whale-size investors many related to $NOVC controlling investors are BUYING millions of $NOVC common at sub-penny prices https://www.marketscreener.com/quote/stock/NOVATION-COMPANIES-INC-120787360/company/

[quote=gianni barba - <a href="/forum/borsa/advfn/20456388/2#22">Post #22</a> - 09/Apr/2021 21:27]<p><img src="https://api.wsj.net/api/kaavio/charts/big.chart?nosettings=1&symb=BR%3Atecn3&uf=0&type=4&size=4&sid=7291569&style=320&freq=3&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=20&rand=337256183&compidx=aaaaa%3A0&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=635&width=1045&mocktick=1"; alt="big.chart?nosettings=1&symb=BR%3atecn3&u"></p>[/quote]

TECN3 (Bovespa - Brazil) questa società ha il potenziale per tornare al prezzo di R $ 6,00 per azione

Australian Marijuana ASX CLI SmallCap

I'm Australian myself but I'm interested in anyone's opinions who invest in the ASX.

Hi all. Not so new to investing but very new to posting online which isn't something I normally do but wanted some feedback about a company.
Sorry to post this in the middle of this thread but I'm not great with knowing how to start my own. If a moderator sees this could you please help me move it.
I've recently been throwing around some money at small caps and have been looking at a company called CropLogic Ltd (ASX CLI). It's got a tiny market cap but I came across this article just the other day.

https://smallcaps.com.au/croplogic-deal-supply-hemp-biomass-large-scale-manufacturer/

Agriculture is not an area I have much expertise in but looking at this recent announcement it seems like the share price could really run from here. Also it seems that the only thing that held the price down the last couple of days was the market drop caused by the US China trade war escalation.

I was just wanting to get others thoughts on this. Especially those with experience in agriculture investment.

Thankyou.

Australian Marijuana SmallCap ASX CLI


I'm hoping someone here invests in the Australian market as I'm Australian myself but I'm open to the opinions of others who invest internationally too.

Hi all. Not so new to investing but very new to posting online which isn't something I normally do but wanted some feedback about a company.
Sorry to post this in the middle of this thread but I'm not great with knowing how to start my own. If a moderator sees this could you please help me move it.
I've recently been throwing around some money at small caps and have been looking at a company called CropLogic Ltd (ASX CLI). It's got a tiny market cap but I came across this article just the other day.

https://smallcaps.com.au/croplogic-deal-supply-hemp-biomass-large-scale-manufacturer/

Agriculture is not an area I have much expertise in but looking at this recent announcement it seems like the share price could really run from here. Also it seems that the only thing that held the price down the last couple of days was the market drop caused by the US China trade war escalation.

I was just wanting to get others thoughts on this. Especially those with experience in agriculture investment.

Thankyou.

Under the background of financial opening up, foreign-funded game holding China Zhongtian Finance (000540.SS)

Under the financial opening background: foreign capital must buy Zhongtian Finance, holding Huaxia Life Insurance, the latter holds A shares and half of the country, the former holds a full financial license

Zhongtian's acquisition of China is about to come to the fore, and there should be substantial progress in May.
1. Zhejiang Rongrong has withdrawn from Jinshiqi production investment, and its shareholding of 10 billion yuan has also been settled. It was withdrawn on March 26 this year, but Country Garden did not. Therefore, there is no need for Country Garden to pay back one-time payment. Country Garden borrowed 6 billion yuan within 1 year. And its share of the capital of Jinshiqi production investment of 4.5 billion, should be decided by Jin Shiqi production investment. The big home sky eye Cha Jinshi flag production investment is very clear. Country Garden did not withdraw at all, but instead wanted to enter more shares and was rejected. Why? Take a look at the analysis below.



2. Zhejiang Rongrong is the first major shareholder to withdraw quickly. The media reports only use the word “help”. It is so simple, 8 billion shares, plans to borrow 10 billion yuan, so easy, let's go and leave? It must be required by the policy. The majority shareholder of Huaxia can only be state-owned, "state-owned assets and business management". Therefore, the acquisition of Guizhou state-owned enterprises as the largest shareholder of Jinshiqi investment is a high probability event. Zhejiang Rongrong just quit at the end of last month. This month, we should discuss the financing of the matter, and if there is progress, it may be announced next month.



3. Back to the question of 1: In fact, the answer is very simple. Zhongtiancheng invested in the real estate business, which is very important in Guizhou and even the Southwest. Country Garden will not give up easily, and it is also a dream to borrow shares in China. Another question came out. Why did Zhongtian Finance issue additional shares or placement shares to finance the acquisition of Huaxia's equity? This operation is simpler. The problem lies in its shareholder differences and state-owned policies. The Guizhou Financial Office has clearly stated that the introduction of funds is a government plan. It must be led by the government, and the transfer of equity in China also requires the approval of the Financial Office, the China Insurance Regulatory Commission and the China Banking Regulatory Commission. Therefore, it is supported by the state capital and the government, which will increase the success of the chips;



4. Why do you say that there will be a big chance of progress in May? Not only the interest requirement of the 7 billion deposit, but also the consideration of the time limit. In January, the resumption of trading, the equity will be paid, the Spring Festival in February, and the exit of Zhejiang in March, 4 The monthly report of the month, the plan and plan for the acquisition of state-owned shares in May, was submitted for review in June, and was approved in July, demonstrating the determination to unswervingly advance... The time is getting faster and faster......



5. At present, 33% of China Life's voting rights have been given to Zhongtian. The buyer and seller have no objection. The key is to look at the plan and the opinions of the relevant government departments. Luo Lao has learned the lesson and communicated with the government first. Can only succeed and cannot fail. Aspirational


The darkness before dawn is about to pass, looking forward to the fiery red May, the years of the pattern

commission

commission

How to get commission free trades?

well you see I was right with MDR. Are there any stocks you follow now?

MDR

My guess is that your a bull on oil at current levels. My question would be then why MDR?

I understand they do mainly offshore EPC works but my view isnt too positive atm. If oil manages to stay low, it isnt clear if they would be able to sustain their improved performance. Their order backlog is only 1.3 years revenue. From a capital structure point of view, it looks ok. Not sure what im missing..

MDR McDermott International Inc

Q4 2015 Mcdermott International Inc Earnings Call
HOUSTON Feb 23, 2016
http://finance.yahoo.com/news/edited-transcript-mdr-earnings-conference-063413198.html

Conference call highlights
1. Cash provided by operating activities for 2015 was $55.3 million, compared to $7 million for the full-year 2014.
2. At December 31, 2015, we reported $781.6 million in cash and restricted cash, an increase in total cash from the third quarter of $14.4 million
3. We reported a backlog of approximately $4.2 billion at year-end, $2.4 billion is due to rolloff in 2016, $1.3 billion in 2017, and $0.5 billion and 2018.
4. our legacy loss project portfolio has decreased from three material projects to two material projects at the end of the year. One project is expected to be finished in the first quarter of 2016, and the second project is expected to be complete in early 2017
5. Our bids and change orders outstanding at year-end was $4.4 billion, compared to $2.6 billion at the end of the third-quarter 2015
6. Our list of target projects totaled $15.2 billion as of December 31, 2015.Targets are projects that we intend to bid on and we expect will be awarded to us or a competitor in the next 5 quarters.
7. For the full year 2016, the Company expects revenues $2.9 billion, and adjusted operating income to be approximately $115 million, (238.97M =0.50 per share)
8. We expect full-year 2016 adjusted net income to be breakeven
9. Also, we expect to have approximately $580 million of cash and restricted cash and $840 million in gross debt at the end of 2016,
10. we are more cost competitive than ever, and will continue to strive to remain so in the future
11. McDermott has completed its turnaround phase started in 2014
12. with a substantial portion of expected 2016 revenue in backlog, we look forward to a solid year despite the macro backdrop.

In Q1 2016 MDR was so far already awarded two new huge contracts. Add them to backlog. I have bought 12000 shares of this company. If the oil price will not improve, I plan to sell not sooner than at 5.50. If the oil prices improve...no way I will sell below 10

Exciting times, anyones working on anything?
184 has pulled back a little :)

OTEL Key factor is they are reducing the costs while their revenues are slowly detoriating.
Revenues seems to be stabilized almost though.
In Q2 their EBITDA is far over 7 millions!!! Only in Q2 !!!
Their current market cap after yesterdays jump is --- 18 milions only!!!
NOT A JOKE!!! ))

@OTEL

Good call. Why is the share price different from the one quoted on their website? I checked google finance, last traded date was 28 May?

Would you have further understanding of their business? Like how do they compete with the satellite guys in rural areas?

How can CCME get a place in something called Global-Value-Investing?

CCME China MediaExpress - Has anyone got any payouts from the class-action lawsuit? I know it has been a long time but just want to get an update since I haven't followed the fiasco for a long time.

this stock is slowly reducing its debt, they pay each quarter more than they are obliged ...they are cash flow very positive.
Their EPS is over 1.40 per share...their PPS is under 4.77 now.
There is no analyst still covering this stock.
And it is US stock.
Current market cap is 14.85 M !!!
Operating income of $3.8 million for fourth quarter 2014 and $16.9 million for 2014.
sounds like a joke? No...check OTEL
http://finance.yahoo.com/news/otelco-reports-fourth-quarter-2014-220000886.html

ELRNF

I think its misleading to quote the numbers off.
The numbers provided were as of 31 Dec 2013 since its traded OTC:BB.

Their last balance sheet cash figure was about US$120m+ and since they announced dividends (record date is Aug 2014), current buyers have no right to that US$110m cash distribution.

So their current balance sheet cash is about US$10-30m thereabout only, assuming they did not take on debt this year.

So in essence current price is what you value their pipeline + the cash as well as assuming Moshe Ben will continue the good work. Given Imaging was one of their crown jewel in their portfolio, havent checked the rest yet. Ive heard good things about him and IDB (owner of Elron)so that aspect is fine.

ELRNF

I think its misleading to quote the numbers off.
The numbers provided were as of 31 Dec 2013 since its traded OTC:BB.

Their last balance sheet cash figure was about US$120m+ and since they announced dividends (record date is Aug 2014), current buyers have no right to that US$110m cash distribution.

So their current balance sheet cash is about US$10-30m thereabout only, assuming they did not take on debt this year.

So in essence current price is what you value their pipeline + the cash as well as assuming Moshe Ben will continue the good work. Given Imaging was one of their crown jewel in their portfolio, havent checked the rest yet. Ive heard good things about him and IDB (owner of Elron)so that aspect is fine.

Found this amazing analysis of Elron, hope it helps http://seekingalpha.com/article/2727255-elron-electronic-industries-bargain-price-with-outstanding-potential?page=2

Another value stock
Elron Technologies elrnf
market cap 118 mil us $
No debt
128 million cash
11o million dividend distribution in September 14
exclusive rights to commercialize technology from R and D of Israel defense dept
120 million invested in emerging biotech and tech projects
long history of success in commercialing technology for many years. Your opinion welcomed

212hk

Thought I will just update.

The firm recently announced a partial tender of up to a quarter of outstanding float at HK33/ share. Its at HK37/sh now.

To me seems like management is trying a gradual take-under.

If anyone has been communicating with the management, please let me know or share your notes. Will be happy to chat!

so what's the upside here?

AMI.L

Trading on the London Stock Exchange...

read a quite positive report about them at canaccord but can't find it back... rated a buy with a target around 200p... currently trading around 15p... getting killed due to debt issues in an iron ore price collapsing period...

would be glad to have your opinion on a long term investment...

http://www.hkexnews.hk/listedco/listconews/sehk/2014/0819/LTN20140819855.pdf



No further clues about financing for the Sofitel NY. No properties were sold in Macau in the half, no significant changes to the balance sheet as of June 30.



The operating results were very good. TTM FCF rose to 275m from 253m at the end of 2013. Cash and deposits stood at 1,986m, after 51m was paid out in dividends during the half. Interim dividend unchanged at 3 cents.



Macau rental income increased 19% yoy and the investment properties were marked up to 700m from 600m. Macau Rental EBIT increased from 16m to 23m.



“During the first half of 2014, rental revenue of the Group’s properties continues to increase in line

with the robust economic growth driven by the strong visitors arrivals and construction activities

relating to the gaming and hotel developments. This trend is expected to continue for the next few

years.



Against this background, and with an objective to enhance shareholders’ value, the Group has decided

to continue its policy of adopting a flexible approach towards pricing and marketing of its properties

held for sale in Macau. Specifically, the Group will continue to be vigilant in monitoring market

developments and price movements in the luxurious residential sector with a view towards sale at

price points that will optimize profits for the Group. In the meantime, the Group will continue to take

advantage of the strength of the leasing market in Macau residential properties and lease out as many

of the vacant units as possible to ensure that there is a good return from these properties.”



DSEC recently released Macau average property transaction values in Q2 2014.

Taipa Overall Residential: HK$105,000/sqm (we marked Lot W at 82,000)

Second Hand Ocean Gardens Residential (older flats): HK$87,000/sqm (we marked at 59,000)

Office Overall: HK$119,000/sqm (we marked at 55,000 and 74,500)

Industrial Overall: HK$58,000/sqm (we marked at HK$33,000)



A number of major infrastructure projects, including a bridge connecting Macau to the HK airport, are continuing on schedule for early 2016.



Vietnam bounced back nicely, with EBITDA from the Sheraton up 25% yoy to 134m. Both hotels reported record first half profits, despite the anti-China riots in May.



W San Francisco occupancy held steady at 87%, ADR rose 11%, EBITDA rose 17% yoy to 56m. Based on recent transactions, the property's value could be roughly HK$2 billion.



Japan occupancy rose to 89% from 86%, ADR rose 7.8%, EBITDA rose 28% yoy to 8.5m, net income doubled.



China was the one weak spot, although revenue rose slightly, EBITDA dropped from 8m to 5m.



My estimate of NAV per share has increased to at least HK$25+, so despite the significant share price appreciation this year, discount to NAV has not changed much.

ha I wonder where this guy got his idea from ;)

Our post from February is now public on VIC, need an account to see the link:

http://www.valueinvestorsclub.com/value2/Idea/ViewIdea/114379

Keck Seng Seeking Alpha

http://seekingalpha.com/article/2444995-keck-seng-churning-out-profits-and-growing-through-acquisition

This is a report on UK corporate advisors ... worth a read as it's a somewhat different perspective to what you find around.

http://danielmharrison.files.wordpress.com/2014/08/practices-of-evolving-uk-boutique-financial-services-advisors_august-2014.pdf

a catalyst on Keck : just announced they are deploying the warchest to buy the famous Sofitel NY (the one where DSK, head of IMF had an affair with a maid in suite 2806!) for $273m. NOI 11.8m$.

I see Keck as a slow long term play of transformation of hidden book value into earnings so this is great news.

Surely with the W San Fran and the Sofitel NY in its portfolio, both US prime assets, the perception of Keck is bound to improve and gradually people will stop considering it as a Vietnamese/ Asian/ even HK property play warranting a heavy discount?

How did u come up with that figure? 26 m ?

Water Oasis (1161) is dirt cheap! 2H14 NP will be around 26m HKD (2H13 14m HKD). Receipts in advance was all time high at 303m at the end of 1H14.
This will bring the NP up.

2015 dividend yield will be around 10% with current 0.54 share price. Yield for 2014 will be around 7%.

Target price 0.70 ... 1.00 HKD

$RMTD: chart

Hi MNT,
Thanks for your reply. I have not looked at it deep enough to invest/comment . The property stocks in China are all in cheap valuation though. I will take a closer look at let you know if I found anything

CSI

Hi king888,

I have looked at it. Its run by a ex investment banker hence the the firm is quite good at using financial instruments.

Dividends seem a tough way to value the firm though I would agree the properties are undervalued given they have been selling well. Must have been the recent cooling measures that hit the residential segment hard as well as PRC money markets and property contraction . To note, the firm if I rem has about a quarter in residential only, rest in commercial.

Ill take a closer look and update you. Happy to discuss more if keen.

Did anyone look at CSI Properties Limited (0497:HK) ?
It looks very cheap and also pay consistent dividend.

"Darcy Keith ?@eyeonequities

"@ivanhoff: US media (newspapers) stocks are doing it again. $MNI has already doubled in 2014. $NYT as at 52wk highs.""

I've heard about IB and the horror stories. At least you tried it out, I could never stick it out.

I actually work in international tax, so not investing. We are usually really busy for three months of the year and the rest of the time, we are steady. So not a bad deal. Haven't looked into managing money for a while, Canada is a tough market because everyone has their money in real estate.

Unfortunately not, have been in IB and not a pleasant experience. Now I understand how David Einhorn felt when he wrote the intro to his life in his book as a DLJ banker. Doesn't help that I don't appreciate a bureaucratic system.

If you guys are running something let me know :)

Yep, I like it. We get some decent weather on the west coast.

Are you still in the investment industry?

Oh, wasnt aware. I love Canada man, beautiful place. And you can view their hotels!

Yeah Im still in the same red dot. :)

Today prices were cooling off so I added some.

I'm not buying more, just waiting.

I'm still I'm Canada.

If I recall correctly, you were in Singapore before? Still there?

On the other hand, Nanyang is trading down.

HSI is down for a couple of days, news said its bcos of the Russian/Ukraine standoff so something probably is cooking in KS.

Im clueless too, no news ...
trades like a mio shares and over when normal is like 200l + per day

buying more ryan?
BTW Ryan, r u based in US now?

Will, any idea on what's behind Keck seng's volume and price increase today?

MPO

Another great call by Will on this one. Sold a set of properties for a large profit, NAV of over 2.80 GBP.

Will, are they planning to liquidate in 2017 or sometime thereafter?

They are in a tough spot, weak market positioning, making motorcycles in a market that aspires to upgrade to cars. I don't have any insight on what they will do with this cash.

0422 HK

Been rather quiet here lately. Anyone looking at this name?

Its kind of oddball company that does exim for motorbikes to Vietnam but worth a look since its looking real awful now.

But I did see some red flags, just wanted to clarify and confirm it with someone else.

Yellow Media's 2014 Hockey Stick Stock Price
Glen Bradford
(Thanks making dough on this one)

http://seekingalpha.com/article/1965851-yellow-medias-2014-hockey-stick-stock-price?source=email_rt_article_readmore

haha me too, looks like the heavens really hate me

well well well.

we can hope. hahaha!

who knows.

there are those of us who benefit from crisis. until then, yellow media