Novation Holdings Inc. (NOHO)

[CoodBMoney]

Based on last Quarterly report: there are 15,000,000,000 shares Authorized and about 8.5 billion shares outstanding. Based on the conversion factor stated for the preffered stock, it would take 20,000,000,000 shares at $.0001 to equal the $2,000,000 value needed to convert. That seems to be a problem with the stock trading at $.0001. Company seems forced to do a reverse split to have the share price higher as the only qualifying statement I read is "the last 5 days trailing average closing price of companies common stock".

So unless something positive happens with company to increase share price, "SOON" then seems to me a R/S is unavoidable. After that Mr Henry Jan will be calling the shots and perhaps a Chinese connection is not that far fetched based on his name.