InvestorsHub Logo
Followers 1
Posts 26
Boards Moderated 0
Alias Born 10/31/2010

Re: None

Saturday, 01/14/2023 9:12:58 AM

Saturday, January 14, 2023 9:12:58 AM

Post# of 197513
What information is David Dreman & Goldman Sachs using to BUY millions of sub-Penny Stock Novation Co $NOVC. Here is why?
What news is Goldman Sachs, Blackrock, David Dreman, Putnam Investments, Bridges Investment Mgt using to BUY millions of Novation $NOVC shares? $NOVC Board of Directors triggers SEC Rule 15c2-11 which STOPs both public SEC Filings & Retail Bid/Ask but still allows expert investors aka hedge funds to Trade Novation Companies Inc. OTCBB $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 & Board of Directors https://www.marketscreener.com/quote/stock/NOVATION-COMPANIES-INC-120787360/company/

I have confirmed my thesis with both Saxon Capital $SAX (sold to Morgan Stanley for $760M) 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 Novation Companies Inc. OTCBB $NOVC balance sheet and capital table. They separately agreed with the concept that $NOVC can break into 2 tax-free public 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. Novation Co signed a Service Rights Transfer Agreement SRTA a P&S between $NOVC & $SAX for the sale of MSR mortgage servicing rights, Section 5.04 provided for 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/

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.