Jeff Eberwein Lone Star Value Mgt ACCUMULATE 2,776,101 but only need 2,731,843 surplus of 44.3k shrs WHY? Form 4 filed dated 10-6-15 documents JE is buying more then he agreed to in 4.27.th 8K Agreement. What does he know that Mr. Market does not know? yesterday Schwab confirmed NOVC was on the "Hard to Borrow List" which means it has been shorted to an extent the shares are now in demand to borrow. WHY?
HERE is the bottom line all the while x CEO who still on the board was milking shareholder capital he was hidding the fact NOVC Balance Sheet has a real value much higher then the Board & auditor Grant Thornton have represented see my previous estimate 7.25, note Yazoo est 7.50 and Smokyhill55 est 9-10/share. Eberwein must understand this and is buying up as many shares as the market will offer real or vapor. See my prior posts for a more granular definition of est value.