Replies to post #30276 on Novation Holdings Inc. (NOHO)

[Hi_Lo]

Because there is massive dilution from insiders dumping shares on the open market. Unfortunately, IMO the price will never go above .0002 because of this.

Most people who buy will get trapped and not be able to sell their shares since hardly anyone is buying.

NOHO is a "dilution scam" according to InvestorsHub's own Fraud Research Team.

Posted on April 17, 2017 (just last month):

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130522827

"Today ALZM still trades as NOHO and is still getting used as a dilution scam"


Other Gelmon scam companies (notice the price and cease trade orders):

CEO Michael J. Gelmon's Epicus Communications Group, Inc. (EPCG) was revoked.

Safeguard Security Holdings, Inc.
Michael J. Gelmon Chairman and President
$0.0001; No Information, Skull & Crossbones

Solar Energy Initiatives, Inc
Michael J. Gelmon CEO
0.0001 x .0002; Stop Sign (No trades since 08/07/2014)
Jan 16, 2014 Alberta Securities Commission - Cease Trade Order

Golden Patriot Corp
Michael J. Gelmon President, Secretary, Treasurer, Director
0.0007; No Information, Skull & Crossbones (No trades since 08/05/2014)
Feb 20, 2014 Alberta Securities Commission - Cease Trade Order

Banyan Corp.
Michael J. Gelmon President, Secretary, Treasurer, Director
0.0001; No Information, Skull & Crossbones
Feb 20, 2014 Alberta Securities Commission - Cease Trade Order

Novation Holdings, Inc. f/k/a Allezoe Medical Holdings, Inc (ALZM)
Michael J. Gelmon CEO
Michael Choo, director
Michael B. Holder, director
No bid x 0.0001
Net loss $3,782,009; past nine months
Jan 15, 2014 Alberta Securities Commission - Cease Trade Order

Focus Gold Corporation
Chairman, CEO, President and Secretary
John F. Burke CFO
0.0001 x 0.0002
Feb 3, 2014 Alberta Securities Commission - Cease Trade Order
Accumulated deficit $23,345,886

Adama Technologies Corp.
Michael Gelmon former CEO
Michael Choo current CEO , Secretary, Director
0.0041 ave daily volume 1300 shares. (No trades since 08/07/2014)
Alberta Securities Commission - Cease Trade Order
No cash, no assets, no revenues, $18,047,646 loss from inception to 03/31/2014

Gelmon is on a roll with his remaining unrevoked and unsuspended companies. A record to be proud of if striving to hit bottom while selling lots of insider shares into the market is the object of the game.

[nygrande]

Because we still have a bunch of shares to be sold at 0.001. That's the only reason. It will launch, in my humble opinion.
Have a Grande night!