Do NOVC Shareholders appreciate Chuck Gillman, x NOVC Board Member and his co investors include Jeff Eberwein ex NOVC Chairman of the Board and CEO (their HF are Boston Avenue and Lone Star Value Mgt respectively) were fined by SEC for similar behavior they appear to be doing at Novation Companies, Inc. OTC NOVC see
https://www.sec.gov/litigation/admin/2017/34-80038.pdf When I say Gillman, Eberwein I am saying Whitney Tilson of Kase Capital aka T2 Partners who referred Gillman to Barry Igdaloff Nov 2014 by Spring 2015 Barry Igdaloff with their help had ousted a key appointee Edward Mehrer of Lance Anderson ex DX and his mentor Gregory Barmore, CEO of Genworth. This secured control over NOVC Board for Barry Igdaloff and his DX co-investor Howard Amster. When I say Gillman, and Eberwein I am also referencing their 3 appointees to NOVC Board; CEO of NOVC David Pointer, Lee Keddie & H Tim Eriksen. These appointees could have been appointed because of the SEC judgement vs Chuck Gillman his HF Boston Avenue and Jeff Eberwein and his HF Lone Star Value Mgt
https://www.sec.gov/litigation/admin/2017/34-80038.pdf See Form 4s at NOVC April 2015 to Oct 2015 JE HF Lone Star Value Mgt bought est 25k NOVC shares every trading day total of 3.2M + 6.7M RSU for 3 appointees + est 1.4M RSU awarded by NOVC Board to JE and CG and their cabal hold almost 12M NOVC Common. We know they could not have accumlated this NOVC position without Barry Igdaloff who along with his DX co investor Amster have converted and awarded each of them 1.7M+ RSU since Spring 2015 and taking NOVC Board. They all have pickedd by 12M+3.4M or est 15.4M or 13.5% of 114M common shares dilute at pennies which they have engineered by their performance as NOVC Board of Directors.
These 3 Appointees after many years per same Form 4 have not invested one cent into NOVC shares because they operate at the directive of Gillman, Eberwein yet they have as Board members awarded themselves at least 6.7M RSU (converting some of their Board compensation using NOVC pps at pennies which they also engineered). Pointer alone has taken 4M and LK and HTE 1.333M each. Pointer for refusing to claim www.healthcare-staffing.com as NOVC SHAREHOLDER PROPERTY has already vested on 2M of the 4M shares. If anyone believes he has anything to do with NOVC Shareholder value I believe they are wrong. He and the other two are placeholders until Wesley Edens, Peter Briger co CEO at Fortress, Manny Friedman/Neal Wilson co-CEOs of EJF Capital supported by Mass Mutual and sub Barings Chief Investment Officer and their puppets Barry Igdaloff, Howard Amster, Thomas Akin, Todd Emoff and their pals Chuck Gillman and Jeff Eberwein decide to act in their economic best interests as NOVC Common Shareholders of at least 87M of 114M common shares outstanding dilute per page 1 of 2019 10K.