Feel Free to forward to NOVC Board Barry Igdaloff and Howard Amster if you agree | NOVC Message Board Posts


Novation Companies, Inc.

  NOVC website

NOVC   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board
Msg  157617 of 157738  at  9/29/2022 9:23:51 AM  by

poolblue3


 In response to msg 157609 by  poolblue3
view thread

Re: Feel Free to forward to NOVC Board Barry Igdaloff and Howard Amster if you agree

Ask Novation Companies Inc. $NOVC Board of Directors and only C Suite Officer, Michael Wyse of Wyse Advisors LLC if the reason for not disclosing a true reorganization at Novation Companies Inc $NOVC is to buy time for the Board's partners/Co-investors Fortress/EJF Capital aka Taberna CDOs/Kodiak CDOI aka only Sr Debt Holder to exit Ch 11/Largest Common Equity Holders 31.3M shares at less than one cent 27% time to buy Fortress back from Softbank? See Bloomberg from earlier this month below. Obviously $NOVC only Sr Debt can be erased (should be erased) in seconds creating the question why would the same investors sit on 27% 31.3M of all Novation Co $NOVC common shares .... 80% if you add Fortress/EJF Capital partners Barry Igdaloff, Howard Amster and Michael Wyse & MassMutual and sub Barings 19.3M?
We know for a fact $NOVC Board has prior very successful relationship with Fortress/Taberna CDOs I and II; Barry Igdaloff, Chairman - Howard Amster $NOVC only Board of Directors who are both Dynex Capital NYSE $DX investors. They reorganized Dynex Capital NYSE $DX with Fortress aka Capstead Mortgage $CMO now $FBRT 2000-03. At the time of $DX restructuring Wesley Edens was COB/CEO of both Fortress and Capstead Mortgage which owned with Igdaloff, Amster and their cabal (including Todd Emoff, Thomas B Akin/HF Talkot Capital control of Dynex Capital NYSE $DX. Michael Wyse is as corrupt and the NOVC Board of Directors (past and present)
 SoftBank Nears $2 Billion Sale of Fortress Investment to Mubadala - Bloomberg 

SoftBank Nears $2 Billion Sale of Fortress to Mubadala

Current Time 0:05
/
Duration 1:20
Loaded: 0%
Progress: 0%
BOE to Buy Long-Dated Gilts in Effort to Calm Markets
SoftBank Said to Near $2 Billion Sale of Fortress to Mubadala

Mubadala Investment Co. is nearing a deal to buy Fortress Investment Group from SoftBank Group Corp. in a purchase that could value the US asset manager at more than $2 billion, people with knowledge of the matter said.

The Abu Dhabi sovereign fund could announce an agreement in the coming weeks, the people said, asking not to be identified because the information is private. Rajeev Misra, a key lieutenant to SoftBank founder Masayoshi Son with close ties to the Gulf emirate, is playing a key role in brokering the deal, the people said.

Key Speakers At The 2019 Milken Conference
Rajeev Misra
Photographer: Patrick T. Fallon/Bloomberg

Misra was a partner at Fortress before joining SoftBank, and his knowledge of the business was instrumental in helping Mubadala proceed in the negotiations, one of the people said. Bloomberg News first reported the parties were in talks in July.

No final decisions have been made, and talks could still fall apart. Spokespeople for SoftBank, Mubadala and Fortress declined to comment, while representatives for Misra weren’t immediately available for comment.

Mubadala has long been a SoftBank counterpart. In 2017, the fund emerged as one of the anchor investors in the firm’s debut Vision Fund, which Misra was instrumental in helping set up.

Misra, who joined SoftBank in 2014, has recently been stepping back from his main roles at the conglomerate and has secured more than $6 billion to launch his own fund. Entities based in Abu Dhabi have committed money to this new venture, Bloomberg has reported.

SoftBank acquired Fortress in 2017, intending to use the New York-based firm’s expertise to help manage its behemoth Vision Fund. The firm, led by co-Chief Executive Officers Pete Briger and Wesley Edens, managed $53.3 billion as of Dec. 31.

— With assistance by Gillian Tan, and Giles Turner



     e-mail to a friend      printer-friendly     add to library      
|  
Recs: 3  
   Views: 0 []
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board

Replies
Msg # Subject Author Recs Date Posted
157618 Re: Feel Free to forward to NOVC Board Barry Igdaloff and Howard Amster if you agree poolblue3 6 9/29/2022 9:38:32 AM




Financial Market Data provided by
.
Loading...