Novation Holdings Inc. (NOHO)

[CoodBMoney]

He's still around. However, IMO bashers either Intentionally or Unintentionally helped Michael Gelmon accomplish what he set out to do at first of last year.
I think Gelmon cleaned this (shell) company up with all necessary filings needed, so that he could sell it.
Since he only owned 111,111 shares (that's $11.11 at current PPS), he was not concerned with share price going up. But, since I believe his goal was to sell the Series A Preferred shares he owned (which control the votes of 51% of ALL stock), keeping the share price at the minimum of $.0001 made a deal to sell, much more marketable... Looks to me like the value in filings of that Preferred stock was $1-2 million. Would be interesting to find out what M.G. actually got for it but we will probably never know.