Novation Holdings Inc. (NOHO)

[Aksys]

Taking a closer look, the chart clearly shows a descending triangle (bearish), and in late April began to break below trendline support. Needless to say, this was bad, and continues to be bad. (Note: On a log scale chart it showed up as a symmetrical triangle, but nevertheless broke downwards in the same fashion)

I do believe this one is headed to .0001 like everything else Gelmon was involved in... I am glad I got out of this one a long time ago, and I am sorry to hear about the others who lost a lot more than I did.