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Re: To be clear Aug 2019 NOVC Board led Barry Igdaloff Chairman gave his past Co Investor from DX Fortress, Note Holder behind CDOs Taberna I & II most of 31.3M NOVC Commons SharesAsk Barry Igdaloff Chairman of NOVC Board why since Aug 2019 has NOVC Board not disclosure one thing, which signifies NOVC Board aligned with 31.3M shares Note Holders Interest with NOVC Common Equity Interest. See below article In fact NOVC recent 10K 2020 filed at SEC 3/4/21 continues to present a situation that Note Holders have a gun to NOVC common shareholders creating Going Concern. FLASH the Economic Owners of NOVC Sr Debt Fortress behind Taberna I & II and EJF Capital behind Kodiak CDO I ARE NOVC COMMON SHAREHOLDERS and have been almost TWO YEARS. yet NOVC Board continues the ruse on Minority Shareholders See yahoo business below: Novation Companies, Inc. Executes First Amendment to Senior Secured Note Purchase AgreementKANSAS CITY, Mo., Aug. 09, 2019 (GLOBE NEWSWIRE) -- Novation Companies, Inc. (NOVC) ("Novation" or the "Company"), which through its subsidiary Healthcare Staffing, Inc. provides outsourced health care staffing and related services in the State of Georgia, is announcing an amendment to its Senior Secured Note Purchasing Agreement dated July 27, 2017 and related senior notes. On August 9, 2019, Novation executed a First Amendment to Senior Secured Note Purchase Agreement amending the terms of the purchase agreement and related senior notes. The key terms of the amendment are as follows:
The amendment will be described in additional detail, and the full text of the amendment will be filed as an exhibit to, the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2019 to be filed with the Securities and Exchange Commission. David Pointer, the Company’s Chief Executive Officer and Chairman of the Board, stated, “We are very pleased to announce this development. We welcome our senior noteholders’ involvement in Novation as equity investors and appreciate their willingness to amend our structured payment schedule with them.” PB3 the above is LOL by CEO that has not invested one dime into NOVC common since arriving years ago. Mr. Pointer deliver not one result to improve Shareholder Value a basic tenant of his employment agreement that pays him $250K base salary and 6M RSU valuing NOVC at his penny price. On top of this he has laundered 4M shares to Mr. Chuck Gillman, Mr. Jeff Eberwein at pennies per NOVC share. The Conflict of Interest is the worst in 50 years and not one shareholder seems to care.
Novation Companies Inc. trades on the OTC Markets’ Group inter-dealer quotation service as an OTCQB security under the symbol NOVC. For more information, please visit www.novationcompanies.com or contact David Pointer, Chief Executive Officer, at dave.pointer@novationcompanies.com. |
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Msg # | Subject | Author | Recs | Date Posted |
154626 | Re: To be clear Aug 2019 NOVC Board led Barry Igdaloff Chairman gave his past Co Investor from DX Fortress, Note Holder behind CDOs Taberna I & II most of 31.3M NOVC Commons Shares | bottomfeeder001 | 0 | 4/5/2021 4:25:38 PM |