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https://finviz.com/quote.ashx?t=LMND&ty=c&ta=1&p=d shorty has Lemonade Insurance $LMND up to 30.68% of the float shorted. Earnings for Q2 coming out 8.2.23 EOD We will see
Shorty has 39.71% of Fisker $FSR entire Float Shorted. How will they ever cover these shorted shares? DO NOT CARE like Game Stop $GME shorty is stuck. They can not stop Fisker from getting capital see recent deal. They can not stop Fisker $FSR from selling great SUV Ocean they are booking em like HOT CAKEs. https://finviz.com/quote.ashx?t=FSR&ty=c&ta=1&p=d
Shorty has 39.71% of Fisker $FSR entire Float Shorted. How will they ever cover these shorted shares? DO NOT CARE like Game Stop $GME shorty is stuck. They can not stop Fisker from getting capital see recent deal. They can not stop Fisker $FSR from selling great SUV Ocean they are booking em like HOT CAKEs. https://finviz.com/quote.ashx?t=FSR&ty=c&ta=1&p=d
Shorty has 39.71% of Fisker $FSR entire Float Shorted. How will they ever cover these shorted shares? DO NOT CARE like Game Stop $GME shorty is stuck. They can not stop Fisker from getting capital see recent deal. They can not stop Fisker $FSR from selling great SUV Ocean they are booking em like HOT CAKEs. https://finviz.com/quote.ashx?t=FSR&ty=c&ta=1&p=d
Fortress and EJF Capital two of the most accomplished MREIT Investors hold 27% of Novation Companies Inc. OTCBB $NOVC common shares 31.3M behind Off Balance Sheet Entities OBE aka CDOs Taberna CDO I and II and Kodiak CDO I. CDOs they paid relatively nothing to own via CDO Service Rights the same year Edens $DX pals Igdaloff and Amster joined $NOVC Board of Directors. These OBE also own $NOVC only Sr Debt to exit Ch 11.
$NOVC Board of Directors as of 7/24/23 Barry Igdaloff, (JD, CPA) Howard Amster have paid these OBE all their back interest compounded plus non-defined penalties $6.3M inside Ch 11. Many months after $NOVC Board officially exited Ch 11 $NOVC Board paid them Fortress/EJF Capital aka Taberna CDOs I & II/Kodiak CDO I millions more cash plus gave them 31.3M $NOVC common shares 27% for at a sub penny share price.
It my opinion this could not have happened without the Sr Debt Holders past relationship with $NOVC Board of Directors. READ the deal Barry Igdaloff and Howard Amster gave Fortress/EJF Capital many months after officially exit Ch 11; millions more cash plus 31.3M $NOVC common shares 27% of all common shares outstanding dilute. This included 9M $NOVC common shares for zero basis plus 22.25M Ten Year Warrants at 1 cent strike https://www.globenewswire.com/news-release/2019/08/09/1900133/0/en/novation-companies-inc-executes-first-amendment-to-senior-secured-note-purchase-agreement.html
F. ** WHY? That answer I believe is for a Quid Pro Quo aka an understanding between the Senior Debt Holders and Novation Companies Inc. OTCBB $NOVC Board of Directors and their major shareholders MassMutual & sub-Barings and Jefferies and White Mountains Capital $WTM. $WTM made a major investment in EJF Capital after I briefed the VP M&A on this thesis. That understanding I believe is the Sr Debt Holders agree to retired 100% of worthless Sr Debt and in return invest alongside these investors into $NOVC Shelf Offering Preferred Stock P/S Series F buried inside their poison pill renewal made Oct 2018 in $NOVC Proxy SEC Form 14A (page 12 values one $NOVC common right at $2.33/share precisely the cost basis of MassMutual). READ Page 12 https://dd7pmep5szm19.cloudfront.net/2485/0000921895-18-002544.pdf
Not only would they create 2 tax free public companies one the merger of $HSON/$NOVC HCS $730M NOLs but relaunching $NOVC former tax exempt MREIT (Most Certain under New Name) monetizing CCR rights into new dividend payment and lucrative management fees to Fortress and/or EJF Capital. Wesley Edens, CEO and Founder of Fortress and EJF Capital Emanuel Manny J Friedman would appoint their own Board of MREIT professionals. $RITM Rithm Capital formerly named New Residential Investment Corp aka $NRZ shareholders paid Fortress annually a management fee over $150M until last year when Fortress Terminated their external MREIT management agreement triggering a $400M Termination Fee. Most likely $400M was added to the purchase price Fortress Mgt and Mubadala Inv Co (Rajeev Misra) paid to buy Fortress back from Softbank, see WSJ, Bloomberg and other Reports 5/10/23.
See Hudson Global $HSON Form 4s Jeff Eberwein is buying hand over fist. He did that same at Novation Co $NOVC OTCBB (dormant by SEC Rule 15C(2)-11) his Form 4s were by his Fund Lone Star Value Mgt Bought 30,000 $NOVC common shares every day for 6 months April to Oct 2015. WHY I believe he and his co investors plan to spin out $NOVC prior MREIT create dividend and merge the remaining business BPO www.healthcare-staffing.com with $730M NOLs with Hudson Global $HSON creating a quarter of billion BPO provider tax free. IT IS THE ONLY REASON. Jeff Eberwein & his co investors have accumulated at least 40M 35% of $NOVC 116M common shares. Fortress/EJF Capital behind off balance sheet entities own 31M $NOVC commmon give by Board of $NOVC by also owning $NOVC only Sr Debt which can be erased quickly. This Debt has been paid by NOVC Board and 3rd Party Advisors www.boulaygroup.com CPA firm www.olshanlaw.com and Joel Sher of Shapiro and Sher all their back interest compounded plus millions in cash many monhts after exit Ch 11 plus 31M shares of $NOVC. They must have a Quid Pro Quo for 11m cash and 47M Common Shares 31M plus Jeff Eberwein and NOVC Board took 16M RSUs restricted stock units aka Common on top of over top cash Board Compensation. Thesis on Request.
Fortress and EJF Capital two of the most accomplished MREIT Investors hold 27% of Novation Companies Inc. OTCBB $NOVC common shares 31.3M behind Off Balance Sheet Entities OBE aka CDOs Taberna CDO I and II and Kodiak CDO I. CDOs they paid relatively nothing to own via CDO Service Rights the same year Edens $DX pals Igdaloff and Amster joined $NOVC Board of Directors. These OBE also own $NOVC only Sr Debt to exit Ch 11.
$NOVC Board of Directors as of 7/24/23 Barry Igdaloff, (JD, CPA) Howard Amster have paid these OBE all their back interest compounded plus non-defined penalties $6.3M inside Ch 11. Many months after $NOVC Board officially exited Ch 11 $NOVC Board paid them Fortress/EJF Capital aka Taberna CDOs I & II/Kodiak CDO I millions more cash plus gave them 31.3M $NOVC common shares 27% for at a sub penny share price.
It my opinion this could not have happened without the Sr Debt Holders past relationship with $NOVC Board of Directors. READ the deal Barry Igdaloff and Howard Amster gave Fortress/EJF Capital many months after officially exit Ch 11; millions more cash plus 31.3M $NOVC common shares 27% of all common shares outstanding dilute. This included 9M $NOVC common shares for zero basis plus 22.25M Ten Year Warrants at 1 cent strike https://www.globenewswire.com/news-release/2019/08/09/1900133/0/en/novation-companies-inc-executes-first-amendment-to-senior-secured-note-purchase-agreement.html
F. ** WHY? That answer I believe is for a Quid Pro Quo aka an understanding between the Senior Debt Holders and Novation Companies Inc. OTCBB $NOVC Board of Directors and their major shareholders MassMutual & sub-Barings and Jefferies and White Mountains Capital $WTM. $WTM made a major investment in EJF Capital after I briefed the VP M&A on this thesis. That understanding I believe is the Sr Debt Holders agree to retired 100% of worthless Sr Debt and in return invest alongside these investors into $NOVC Shelf Offering Preferred Stock P/S Series F buried inside their poison pill renewal made Oct 2018 in $NOVC Proxy SEC Form 14A (page 12 values one $NOVC common right at $2.33/share precisely the cost basis of MassMutual). READ Page 12 https://dd7pmep5szm19.cloudfront.net/2485/0000921895-18-002544.pdf
Not only would they create 2 tax free public companies one the merger of $HSON/$NOVC HCS $730M NOLs but relaunching $NOVC former tax exempt MREIT (Most Certain under New Name) monetizing CCR rights into new dividend payment and lucrative management fees to Fortress and/or EJF Capital. Wesley Edens, CEO and Founder of Fortress and EJF Capital Emanuel Manny J Friedman would appoint their own Board of MREIT professionals. $RITM Rithm Capital formerly named New Residential Investment Corp aka $NRZ shareholders paid Fortress annually a management fee over $150M until last year when Fortress Terminated their external MREIT management agreement triggering a $400M Termination Fee. Most likely $400M was added to the purchase price Fortress Mgt and Mubadala Inv Co (Rajeev Misra) paid to buy Fortress back from Softbank, see WSJ, Bloomberg and other Reports 5/10/23.
Fortress and EJF Capital two of the most accomplished MREIT Investors hold 27% of Novation Companies Inc. OTCBB $NOVC common shares 31.3M behind Off Balance Sheet Entities OBE aka CDOs Taberna CDO I and II and Kodiak CDO I. CDOs they paid relatively nothing to own via CDO Service Rights the same year Edens $DX pals Igdaloff and Amster joined $NOVC Board of Directors. These OBE also own $NOVC only Sr Debt to exit Ch 11.
$NOVC Board of Directors as of 7/24/23 Barry Igdaloff, (JD, CPA) Howard Amster have paid these OBE all their back interest compounded plus non-defined penalties $6.3M inside Ch 11. Many months after $NOVC Board officially exited Ch 11 $NOVC Board paid them Fortress/EJF Capital aka Taberna CDOs I & II/Kodiak CDO I millions more cash plus gave them 31.3M $NOVC common shares 27% for at a sub penny share price.
It my opinion this could not have happened without the Sr Debt Holders past relationship with $NOVC Board of Directors. READ the deal Barry Igdaloff and Howard Amster gave Fortress/EJF Capital many months after officially exit Ch 11; millions more cash plus 31.3M $NOVC common shares 27% of all common shares outstanding dilute. This included 9M $NOVC common shares for zero basis plus 22.25M Ten Year Warrants at 1 cent strike https://www.globenewswire.com/news-release/2019/08/09/1900133/0/en/novation-companies-inc-executes-first-amendment-to-senior-secured-note-purchase-agreement.html
F. ** WHY? That answer I believe is for a Quid Pro Quo aka an understanding between the Senior Debt Holders and Novation Companies Inc. OTCBB $NOVC Board of Directors and their major shareholders MassMutual & sub-Barings and Jefferies and White Mountains Capital $WTM. $WTM made a major investment in EJF Capital after I briefed the VP M&A on this thesis. That understanding I believe is the Sr Debt Holders agree to retired 100% of worthless Sr Debt and in return invest alongside these investors into $NOVC Shelf Offering Preferred Stock P/S Series F buried inside their poison pill renewal made Oct 2018 in $NOVC Proxy SEC Form 14A (page 12 values one $NOVC common right at $2.33/share precisely the cost basis of MassMutual). READ Page 12 https://dd7pmep5szm19.cloudfront.net/2485/0000921895-18-002544.pdf
Not only would they create 2 tax free public companies one the merger of $HSON/$NOVC HCS $730M NOLs but relaunching $NOVC former tax exempt MREIT (Most Certain under New Name) monetizing CCR rights into new dividend payment and lucrative management fees to Fortress and/or EJF Capital. Wesley Edens, CEO and Founder of Fortress and EJF Capital Emanuel Manny J Friedman would appoint their own Board of MREIT professionals. $RITM Rithm Capital formerly named New Residential Investment Corp aka $NRZ shareholders paid Fortress annually a management fee over $150M until last year when Fortress Terminated their external MREIT management agreement triggering a $400M Termination Fee. Most likely $400M was added to the purchase price Fortress Mgt and Mubadala Inv Co (Rajeev Misra) paid to buy Fortress back from Softbank, see WSJ, Bloomberg and other Reports 5/10/23.
Fortress and EJF Capital two of the most accomplished MREIT Investors hold 27% of Novation Companies Inc. OTCBB $NOVC common shares 31.3M behind Off Balance Sheet Entities OBE aka CDOs Taberna CDO I and II and Kodiak CDO I. CDOs they paid relatively nothing to own via CDO Service Rights the same year Edens $DX pals Igdaloff and Amster joined $NOVC Board of Directors. These OBE also own $NOVC only Sr Debt to exit Ch 11.
$NOVC Board of Directors as of 7/24/23 Barry Igdaloff, (JD, CPA) Howard Amster have paid these OBE all their back interest compounded plus non-defined penalties $6.3M inside Ch 11. Many months after $NOVC Board officially exited Ch 11 $NOVC Board paid them Fortress/EJF Capital aka Taberna CDOs I & II/Kodiak CDO I millions more cash plus gave them 31.3M $NOVC common shares 27% for at a sub penny share price.
It my opinion this could not have happened without the Sr Debt Holders past relationship with $NOVC Board of Directors. READ the deal Barry Igdaloff and Howard Amster gave Fortress/EJF Capital many months after officially exit Ch 11; millions more cash plus 31.3M $NOVC common shares 27% of all common shares outstanding dilute. This included 9M $NOVC common shares for zero basis plus 22.25M Ten Year Warrants at 1 cent strike https://www.globenewswire.com/news-release/2019/08/09/1900133/0/en/novation-companies-inc-executes-first-amendment-to-senior-secured-note-purchase-agreement.html
F. ** WHY? That answer I believe is for a Quid Pro Quo aka an understanding between the Senior Debt Holders and Novation Companies Inc. OTCBB $NOVC Board of Directors and their major shareholders MassMutual & sub-Barings and Jefferies and White Mountains Capital $WTM. $WTM made a major investment in EJF Capital after I briefed the VP M&A on this thesis. That understanding I believe is the Sr Debt Holders agree to retired 100% of worthless Sr Debt and in return invest alongside these investors into $NOVC Shelf Offering Preferred Stock P/S Series F buried inside their poison pill renewal made Oct 2018 in $NOVC Proxy SEC Form 14A (page 12 values one $NOVC common right at $2.33/share precisely the cost basis of MassMutual). READ Page 12 https://dd7pmep5szm19.cloudfront.net/2485/0000921895-18-002544.pdf
Not only would they create 2 tax free public companies one the merger of $HSON/$NOVC HCS $730M NOLs but relaunching $NOVC former tax exempt MREIT (Most Certain under New Name) monetizing CCR rights into new dividend payment and lucrative management fees to Fortress and/or EJF Capital. Wesley Edens, CEO and Founder of Fortress and EJF Capital Emanuel Manny J Friedman would appoint their own Board of MREIT professionals. $RITM Rithm Capital formerly named New Residential Investment Corp aka $NRZ shareholders paid Fortress annually a management fee over $150M until last year when Fortress Terminated their external MREIT management agreement triggering a $400M Termination Fee. Most likely $400M was added to the purchase price Fortress Mgt and Mubadala Inv Co (Rajeev Misra) paid to buy Fortress back from Softbank, see WSJ, Bloomberg and other Reports 5/10/23.
The merger between $HSON Hudson Global est. $200M Gross Revenue and Novation Companies Inc. $NOVC only operating unit www.healthcare-staffing.com HCS est. $55M Gross Revenue would produce a quarter of billion tax free public company thanks to $NOVC $730M NOLs.
This would be like Fortress' restructuring $RITM Rithm Capital formerly New Residential Inv Corp $NRZ out of Newcastle Inv Corp $NCT (along with 2 other tax-exempt MREITs New Media now $GCI formerly and $SNR New Senior sold last year for Billions). Fortress after spinning out 3 MREITs from Newcastle $NCT changed name/symbol to $DS Drive Shack which retained 100% of $NCT $160M NOLs (see Dec 2016 Wesley Edens Presentation to $DX shareholders pg 11). MREITs are tax-exempt under internal revenue code IRC. Mr. Wesley Edens was also pleased with the restructuring of Nationstar which he and Peter Briger merged $3.8B with Mr. Cooper $COOP (17% owned KKR) formerly Washington Mutual $WAMU aka $WMIH inside Ch 11 retaining $7 Billion NOLs from $COOP. Fortress restructured AIG Subprime calling it $LEAF which adopted name $OMF One Main after buying Citi Bank Subprime lending unit. Fortress sold their entire stake to Apollo Global $APO for $1.4B. Wall Street Journal called Wesley Edens the new MREIT KING after merging Nationstar with Mr. Cooper aka Washington Mutual $WAMU saving $7B NOLs.
Why would these same investors controlling $NOVC Board of Directors waste $NOVC $730M NOLs and www.healthcare-staffing.com HCS and Rights that control billions of rich, seasoned collateral assets ideal to be leveraged/securitized into a new dividend and management fee for Fortress. Why would these investors waste Novation Co OTCBB $NOVC former MREIT traded on NYSE as $NFI, which paid out 100% of their tax income every year in dividends. IRC requires only 90% for MREIT to remain tax-exempt? $NOVC went to tremendous expense inside Ch 11 to save this former MREIT $NFI and the cleanup call rights CCR.
Jeff Eberwein COB/CEO of Hudson Global $HSON Form 4s show his motivation. He is former CEO/COB of Novation Co $NOVC when he bought 30,000 $NOVC common every day for 6 months from April to Oct 2015 via Lone Star Value Mgt his Fund. IMO this points to a Merger of Novation Companies Inc. $NOVC only operating unit www.healthcare-staffing.com HCS & $730M NOLs with Hudson Global $HSON would make sense out of massive Form 4s BUYING both public companies by the same person Jeff Eberwein, $NOVC former CEO/COB and today's $HSON CEO/COB. Eberwein has been buying common shares in both by the millions per Form 4s. This person is a former Portfolio Manager at Both George Soros shop Soros Fund Mgt and Viking Global Mgt. He is #wharton MBA and has years of financial engineering vs operating experience. Jeff Eberwein see $HSON Form 4s and note he via his fund $STRR Lone Star Value Management bought 30,000 $NOVC Novation Co Common shares every day for 6 months from April to October 2015. The date he and $NOVC current Board Barry Igdaloff, Howard Amster took over $NOVC Board of Directors ousting $NOVC Founders and former $DX Dynex Capital executives (Scott Hartman, Lance Anderson). Wesley Edens made both OHIO residents very wealthy restructuring Dynex Capital NYSE $DX from pennies to $10/shares (Pre 3:1 Reverse Split so $DX could trade under MREIT Exemption on NYSE. Today comparative $DX trades at est 4/share vs 10/share it traded with Fortress sold 100% of Capstead Mortgage $CMO now $FBRT vehicle Fortress used to camouflage their ownership in $DX. The same NYSE exemption $NFI aka $NOVC is used to trade. Today Dynex Capital $DX pays $NOVC Board of Directors .13 to .15 cents monthly common share dividend. If they spin out $NOVC former MREIT $NFI and it declares only $1.00 annual common dividend payable .25/shares quarterly & Mr. Market prices the dividend at $DX 9% yield that is $11/share for just the MREIT. HCS and HSON share price is gravy. These investors turn nothing into well over 1.2B plus dividends plus management fees.