Novation Companies Inc (fka NOVCQ)

[rooky]

Thats ALL correct bankbuyer

To this day I still am a subprime expert who has made millions of dollars in the subprime industry, and who is still experiencing varying degrees of success in that very same industry.

Its also correct that Novastars business model was unsustainable, but here is a little something that might just help you:

"Through hard work, perseverance, and a firm commitment to do the right thing, NovaStar
survived one of the most significant economic downturns of our time. Not only did it survive, it paid all
of its secured bank lenders. It exited the crisis with a seasoned group of founders and leaders who had
learned important lessons during the last decade. In addition, the company has significant realized
and unrealized federal tax losses, allowing it to mitigate income taxes on profits for many years to
come. This enhances the opportunity for growth and investment efficiency.
Leaders were convinced that if they could navigate NovaStar through the storm, they could use the
experiences gained to help other entrepreneurs grow and scale their businesses. In 2008, they began
reinventing NovaStar based on their core competencies: the ability to scale businesses and improve
execution of an original concept. Since then they have acquired five companies – StreetLinks Lender
Solutions, Advent Financial, Corvisa Services, Mango Moving and CorvisaCloud.
The reinvention prompted the company to change its name to Novation Companies, Inc., in order to
truly reflect the leadership team’s vision for the future. This name represents a core strength: the
ability to execute operationally at the highest level to bring new innovative technology-enabled
services to market. The retention of “Nova” in the name reflects a continued promise to shareholders.
Novation leaders are attracted to technology-enabled service businesses with a differentiated value
proposition for their customers. They look for companies that are founded on great ideas but need to
improve execution in order to grow. Novation assumes operational control of their subsidiary
companies and supports the companies with world-class technology, sales/marketing and training
services that a typical entrepreneur could not access.
Novation leaders use the power of their knowledge and integrated operations to bring the companies
to their maximum potential. They allow previous owners to focus on their passion and what they do
best, and Novation leadership handles the rest."

And this description of corruption on Wall Street involving such things as illegal naked shorting and market maker manipulation may help you as well;

from the Motley Fool

http://beta.fool.com/mrjosephd/2012/11/26/what-investors-should-know-and-do-make-sure-short-/17306/