Novo Integrated Sciences Inc (NVOS)

[Ecomike]

I don't think the OS and float has changed much if any. Historically I have liked the SEC reports on shares swapped for services and the value used for those. Some of the recent SEC reports of new shares issued this year in exchange for services were .25 to .55 or so IIRC, and some of those were just a few months ago, this summer.

One thing I am sure of, is that the volume has been low lately (last 1-2 months was ultra low until about 2 weeks ago, and the price had already dropped 65% by the time the volume dried up), and that there is no sign of any serious new volume of new shares being sold and dumped causing the price to drop. I suspect the last few weak hands are jumping ship when some one shorts it down to new lows, OR some shorts are playing with FIRE with this one!!!!!

I looked at the chart today, and was reminded that some one shorted it down to .16 very briefly not long ago (6-8 weeks?), which may now be a support test target? The close at the low today of .18, was the days low, and was a small lot of shares at the close according to my chart, no volume, so it was just a tape labeling price exersize, IMHO, designed to scare over nighters into selling at the open. Most of the volume was at much higher prices today.

I waited nearly 12 months for the pull back to stock up on this one, and never dreamed I would see .18 buying ops! Best I hoped for was .23 at the old rally gap, gap support, but it failed.

Here is Ihubs listing of float and OS. I do not know if it is current.

http://ih.advfn.com/p.php?pid=squote&symbol=TTEG

This is from pg 23 of the last 10-Q:

During the three month period ended June 30, 2010, there was no modification of any instruments defining the rights of holders of the Company’s common stock and no limitation or qualification of the rights evidenced by the Company’s common stock as a result of the issuance of any other class of securities or the modification thereof.

During April 2010, the Company issued 40,000 shares of common stock for cash at a price of $0.34 per share.

During April 2010, the Company issued 24,000 shares of common stock for cash at a price of $0.36 per share.

During April 2010, the Company issued 1,795 shares of common stock for cash at a price of $0.39 per share.

During April 2010, the Company issued 3,570 shares of common stock for cash at a price of $0.42 per share.

During April 2010, the Company issued 2,500 shares of common stock for cash at a price of $0.43 per share.

During April 2010, the Company issued 7,955 shares of common stock for cash at a price of $0.44 per share.

During April 2010, the Company issued 10,000 shares of common stock for cash at a price of $0.45 per share.

During April 2010, the Company issued 55,000 shares of common stock for services valued at a price of $0.49 per share.

During May 2010, the Company issued 28,572 shares of common stock for cash at a price of $0.35 per share.

During May 2010, the Company issued 14,000 shares of common stock for cash at a price of $0.40 per share.

During May 2010, the Company issued 116,500 shares of common stock for cash at a price of $0.44 per share.

During June 2010, the Company issued 25,000 shares of common stock for cash at a price of $0.28 per share.

During June 2010, the Company issued 11,000 shares of common stock for services at a price of $0.30 per share.

During June 2010, the Company issued 1,000 shares of common stock for services at a price of $0.31 per share.

During June 2010, the Company issued 3,750 shares of common stock for cash at a price of $0.32 per share.

During June 2010, the Company issued 150,000 shares of common stock for services valued at a price of $0.38 per share.

During June 2010, the Company issued 100,000 shares of common stock for services valued at a price of $0.41 per share.

On June 6, 2008, the Company issued a 7 3 /4 Convertible Debenture to Golden Gate Investors, Inc. in the principal amount of $1,000,000, pursuant to Rule 506 promulgated by the Securities and Exchange Commission, for the purpose of accessing necessary funding to continue operations.

Pursuant to the terms of the Debenture, the related Securities Purchase Agreement, secured Promissory Note and Stock Pledge Agreement, each executed in connection therewith, the Company issued $1,000,000 Convertible Debenture (the “Debenture”) for the payment by Golden Gate of $100,000 in cash and the execution and delivery by Golden Gate of a $900,000 Secured Promissory Note of even date (the “Note”), bearing interest at 8% per annum.



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Table of Contents

The Debenture bears interest at 7.75% per annum, payable monthly, maturing June 30, 2012, and is secured by a Continuing Personal Guaranty by Michael H. Rouse, the Company’s CEO. Originally, the Holder was entitled to convert into common stock of the company at the conversion price equal to the lesser of (i) $0.50, or (ii) 80% of the average of the 3 lowest Volume Weighted Average Prices during the 20 Trading Days prior to Holder’s election to convert, as such terms are defined in the Debenture. Effective January 15, 2010 the agreement was amended with the Holder and the conversion price having a $0.15 fixed floor price that limits the number of common shares upon conversion of a fixed amount. The Holder can only convert that amount of the Debenture that has actually been paid for by either cash at closing or principal pre-payments made on the Promissory Note.

Golden Gate’s secured Promissory Note is payable at the rate of 8% per annum, payable monthly and provides that for the prepayment of the Note in an amount not less than $200,000 monthly upon the happening of certain events. It matures on June 30, 2012. During 2010 and since inception, the Company has drawn $250,000 and $745,000, respectively, in proceeds related to the note. During 2010 and since inception, the Holder has converted $0 and $469,000 in convertible notes into 0 and 5,633,540 common shares, respectively.
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So somebody is funding the ongoing operations including a personal note guarantee by the CEO!!!!!!!!

Near as I can tell the CEO is as busy as a cat on hot tin roof right now, with the multiple deals and merger, and Falcon distributor ship all going into high gear now.