DYNEX (DX) ANNOUNCES 1-FOR-3 REVERSE SPLIT, WILL GO ON NYSE JUNE 21 (REMEMBER THE COMMON SHAREHOLDE | NOVC Message Board Posts

Novation Companies, Inc.

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Msg  148140 of 148655  at  6/19/2019 10:32:52 AM  by

poolblue3


 In response to msg 148138 by  poolblue3
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Re: DYNEX (DX) ANNOUNCES 1-FOR-3 REVERSE SPLIT, WILL GO ON NYSE JUNE 21 (REMEMBER THE COMMON SHAREHOLDERS W/NOVC)

NOVC even after Ch 11, over 3 yrs, over $13M ($6.3M given Sr Debt Holders in Ch 11 and est $6m on top shelf advisors (including Shapiro Sher, Oberon Securities that both won black tie awards for restoring NOVC to sound financial footing per SS own press release and others). NOVC Q1 has engineered NOVC pps as low as possible. NOVC after all this is stilll being held up by Sr Debt Holders.
NOVC Shareholders here are the Sr Debt Holders that can't seem to make a deal with NOVC Board but they were successful reorganizing
1. DX via CMO in 2000
2. NCT Newcastle Investment splitting into NRZ New Residential Investment Group (tax exempt as REIT) and DS Drive Shack which kept all NOLs from NCT. I listen to Mr. Edens speak how important NOL was to DS future a TopGolf knock off.
3. NationStar NSM which was sold months ago for $3.8B to COOP Mr. Cooper aka WaMu holds 7B NOL.  Fortress owned 68% of NationStar a brand that did not produce $40B Subprime aka Non-QM mortgage loans like NovaStar Financial Inc. NFI
Yet these Sr Debt Holders can not seem to come to terms or that is what they want Mr. Market to believe while they ditch their only operation HealthCare Staffing HCS whos web site has been down for weeks and CEO has resigned walking with most his 1,000,000 RSU vested for less then 2 yrs of service.  
4. Fortress use to own 25% of IMH Impac Mortgage Holdings who Board Member is Thomas Akin/Talkot Capital his HF that is both major investors in DX, IMH and NOVC.
 

lenpenzo.com

Forbes ranks Briger at #317 with an estimated net worth of $1.5 billion. Briger attended Princeton University where he received his B.A. He also holds a Wharton School of Business M.B.A at the University of Pennsylvania.Peter Briger is also involved in some philanthropic work.May 14, 2018

Peter Briger: The Financial Genius at Fortress Investment Group ...

showingout.com/peter-briger-the-financial-genius-at-fortress-investment-group/

https://www.fool.com/investing/general/2015/05/23/peter-briger-fortress-investment-groups-23-billion.aspx

Peter Briger Jr: Fortress Investment Group's King of Debt

Buying low and selling high in the shadowy corners of the global financial market.

Jay Jenkins

(TMFJayHJenkins)

May 23, 2015 at 7:01AM

In February 2007 Fortress Investment Group (NYSE:FIG) debuted on the public markets in an IPO. That event made it official: Peter Briger Jr. was a billionaire. At the time, his 66 million shares were worth just more than $2 billion.

Unfortunately for Mr. Briger, that high water mark soon receded. Today, Fortress' stock is down 74% since the IPO. Briger now owns just north of 44 million shares worth about $350 million.

Despite that huge hit to his net worth on paper, Briger remains an elite player in the shadowy world of special asset investing. Here's how he rose to the top of this secretive corner of the investing world.

Making a name at Goldman Sachs
Briger joined Fortress in 2002 after a 15-year stint with Goldman Sachs. He joined the Fortress team to lead the real estate and debt securities businesses as the company sought to diversify away from its core private equity business. Today, he is a principal of Fortress, and Co-Chairman of the board of directors.

Briger's wealth has been built on his acumen for trading assets that no one else wants. His specialty, though, has always been distressed debt.

Wesley Edens Net Worth. The estimated Net Worth ofWesley R Edens is at least $2.22 Billion dollars as of 16 May 2018. Mr. Edens owns over 51,084 units of Drive Shack stock worth over $15,494,545 and over the last 13 years he sold DS stock worth over $2,204,225,787.

Wesley Edens Net Worth (2019) | wallmine

Wesley Edens Net Worth. The estimated Net Worth of Wesley R Edens is at least $2.22 Billion dollars as of 16 May 2018. Mr. Edens owns over 51,084 units of Drive Shack stock worth over $15,494,545 and over the last 13 years he sold DS stock worth over $2,204,225,787.

Wesley Edens Net Worth (2019) | wallmine

https://wallmine.com/people/10700/wesley-r-edens



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Replies
Msg # Subject Author Recs Date Posted
148141 Re: DYNEX (DX) ANNOUNCES 1-FOR-3 REVERSE SPLIT, WILL GO ON NYSE JUNE 21 (REMEMBER THE COMMON SHAREHOLDERS W/NOVC) bankbuyer 0 6/19/2019 10:36:11 AM
148142 Re: DYNEX (DX) ANNOUNCES 1-FOR-3 REVERSE SPLIT, WILL GO ON NYSE JUNE 21 (REMEMBER THE COMMON SHAREHOLDERS W/NOVC) poolblue3 2 6/19/2019 10:58:36 AM


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