Replies to post #20979 on Novation Holdings Inc. (NOHO)

[I-Glow]

According to the 8-K NOHO will cease to exist.

Remember the new company is supposed to be ACX Technology.

10,000:1 reverse split - then a reverse merger - with the private company owning 90% of the new company and all of the NOHO shares will represent 10% of the new shares - effectively removing all present NOHO shareholders as is the function of a reverse merger.

IG

[I-Glow]

Focus Gold - this is pretty funny.

On OTCM - here is their business address:

1365 N. Courtenay Parkway
Suite A
Merritt Island, FL 32953

Good old Robert Hipple's office. And the CEO is non other than Michael Gelmon.

In looking at the 10-Q it gets even better - Michael Choo is Chairman and CEO and John Burke is the Consulting CFO.

The entire crew from SKTO/AEGY is at FGLD.

Just how familiar does this sound:

The Company engaged Novation Consulting Services, Inc., a subsidiary of Novation Holdings, Inc., to provide management consulting services to the Company, including financial and administrative management services, for a monthly fee of $15,000. The Company also engaged Indian River Financial Services, LLC, an unrelated party, to act
as the consulting corporate legal counsel for the Company for a fixed monthly fee of $10,000.

These guys never change the way they do business - that is why it is so easy to bust them.

It does go on to say:

The Statement of Preferences for the Class C Convertible Preferred Stock will be filed with the Secretary of State of Nevada. The full subscription price has been paid and the Series C preferred shares have been issued to
an assignee of NOHO, which has no remaining connection to the Company.

Looks like another Hipple/Gelmon share selling scheme.

IG