WSJ today Friday 7 8 22 Softbank Rajeev Misra VisionFund.com steps down as CEO. Misra is ex Fortress | NOVC Message Board Posts


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Msg  157164 of 157616  at  7/8/2022 10:01:18 AM  by

poolblue3


WSJ today Friday 7 8 22 Softbank Rajeev Misra VisionFund.com steps down as CEO. Misra is ex Fortress executive probably reason Peter Briger, Wesley Edens sold Fortress to Softbank $SFTBY

Wall Street Journal front page WSJ today Friday 7 8 22 Softbank Rajeev Misra VisionFund.com steps down as CEO. Misra is ex Fortress executive (detail omitted by Rory Jones WSJ Author) and probably the reason Softbank $SFTBY paid $3.3B for all of Fortress sending Co CEOs Peter Briger ex Goldman Sachs Sr Partner of Special Situations and Wesley Edens, Founder, COB ex Blackrock, ex Lehman Bros to Forbes 400. These 2 Co CEOs personally pocketed $1.1B personally. As many already know I believe Barry Igdaloff and Howard Amster are puppets for these Co CEOs at Fortress. We know Fortress via 100% ownership of Capstead Mortgage traded $CMO now $FBRT camouflaged their ownership of Dynex Capital NYSE $DX. We also know Wesley Edens 2000-03 the dates Mr. Edens restructured Dynex Capital $DX from pennies to $10/common share (pre 3:1 Reverse Split so as to trade on NYSE under MREIT exemption same exemption NOVC former MREIT Novastar Financial Inc. traded $NFI) making Igdaloff and Amster richer beyond their dreams. Mr. Amster is turning out to be the GOLD Guru which is probably why he keeps such a low profile. Mr. Wesley Edens was COB and CEO of $CMO now $FBRT and worked closely with these two NOVC Board of Directors. On record Barry Igdaloff $NOVC Chairman and his close college friend Todd Emoff (as outlined in Igdaloff own book Guest in Nightmare see Amazon $2.00 their detail account investing in Guest Supply sold to Sysco Foods $SYY) shared how Mr. Edens flew to Columbus, OH to discuss restructuring Dynex Capital $DX from pennies to 10/share today DX trades at est 5.70 per share adjusted for the reverse split. Barry Igdaloff/his HF Rose Capital, Todd Emoff/Freedom Asset Mgt Fund, separately confirmed how important Wesley Edens, CEO, Founder, COB of Fortress was to making them very rich. Now they act like dunces incompetents for some reason?? In fact Igdaloff equated to the removable of Lance Anderson, Gregory Barmore & their 2 designates from NOVC Board with their removal of Thomas Potts as CEO of $DX.
 
This is how Chuck Gillman, Jeff Eberwein convicted of breaching SEC regulations came into play https://www.sec.gov/litigation/admin/2017/34-80038.pdf

These two convicted investors by SEC were introduced to Barry Igdaloff in phone call Nov 2014 and by Spring of 2015 they operating together had removed Edward Mehrer ex Partner of KPMG and close friend of Gregory Barmore ex CEO of Genworth and mentor to Lance Anderson. In addition they secured 3 Board seats at Novation Companies Inc. $NOVC effectively securing control of $NOVC. Lance Anderson left the Board Oct 2015 and Gregory Barmore Dec 2015. The last Art Burtscher did not leave until June 2016 the time they sent $NOVC into Ch 11. LA and GB are two very accomplished and tough customers. Why would they slide off $NOVC Board and allow Igdaloff to strip LA of all of his 4.3M stock options? Maybe for same reason MassMutual, sub-Barings and Jefferies $JEF ex $LUK William Wallis, Thomas Finke, Brian Friedman, Rich Handler, have allowed Igdaloff, Amster and Gillman, Eberwein and designates (David Pointer, Lee Keddie, Tim Eriksen and Robert Pearse) to milk $NOVC via FUD Fear Uncertainty NO NEWS, NADA and Disinformation, cashing Board of Director checks and converting some of their compensation into 16M RSUs at pennies 10% of today 116.1M Common Shares Outstanding Dilute (includes the 31.3M common shares NOVC gave Note Holders Fortress/EJF Capital ID hidden by Boulay Group NOVC Top CPA Firm and the Board behind CDOs Taberna/Kodiak CDO I.  

https://www.globenewswire.com/news-release/2019/08/09/1900133/0/en/novation-companies-inc-executes-first-amendment-to-senior-secured-note-purchase-agreement.html

I can say we confidence the reason Barry Igdaloff, Howard Amster NOVC Board of Directors continue to spread FUD is to suppress NOVC common share price. This repels other investors not prepared to conduct due diligence on a penny stock and provides someone to make some big NOVC Common Buys. Last week almost 900K shares of $NOVC traded and 80% were shorted. Could they behind the shorting www.otcshortreport.com/company/NOVC? I've said short sellers like Marc Cohodes, David Rocker, Steve Cohen of Point72 can not be this greedy or stupid to short a penny stock. Barry Igdaloff on 6/10/22 even had the nerve to tell a major common minority shareholder (with over 3.3M NOVC common shares) he was an idiot with no clue what is next --- more FUD. All this while major investors are accumulating NOVC common off no news NONE see 

https://www.marketscreener.com/quote/stock/NOVATION-COMPANIES-INC-120787360/company/ David Dreman, Dreman Value Mgt adds 533K Novation Co $NOVC common Putnam Investments + 386K + ex $DX CoB Thomas Akin HF Talkot adds 1.9M Akin & Barry Igdaloff sat on $DX Board 20 yrs

My belief is these Puppets Igdaloff and Amster controlling $NOVC Board for Note Holders the only Note Holders to exit Ch 11 are stalling acting incompetent spreading FUD verbally and in SEC filings against their accomplished investment history for a reason. I believe it is tied to Briger, Edens buyback of Fortress from Softbank which is clearly in distressed, see today WSJ article by Rory Jones. Fortress/EJF Capital IDs hidden behind CDOs Taberna/Kodiak CDO I have been paid all their back interest compounded $6M inside Ch 11, many months after Ch 11 exit April 2019 NOVC Board handed them millions more in cash mostly interest and 31.3M common shares 27% for NO cram down. Inside job or payback for Fortress help in making Igdaloff, Amster very wealthy). Weeks ago a major Alternative Investment Advisor in Charlotte NC told me Mr. Howard Amster is his best friend and he turns investments into GOLD. Minority Shareholders that have followed $NOVC must be ready to puke but that is the fact. Fortress owns 2.3rd of NOVC Sr Debt which they paid almost nothing to hold. They have been paid back by this 1M market cap company many times their cash investment in Taberna CDO Service Rights in addition they have been handed for no cram down 2.3rds of the 31.3M common shares at below one cent. They do not do the cram down which Bankruptcy Law and Joel Sher Founder of Shapiro Sher should have demanded so the Board can collude with Boulay Group CPA firm and keep a temporary "GAAP Going Concern" which suppress the NOVC common share price justifying the 31M shares and 16M RSU taken by the Board and allowing some investor to buy in the open market a 1 cent. 
  Rajeev Misra, head of SoftBank’s venture-investing arm, will step back from his role to run a new outside investment outfit as SoftBank struggles with the fallout of the tech rout. A1


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Msg # Subject Author Recs Date Posted
157166 Re: WSJ today Friday 7 8 22 Softbank Rajeev Misra VisionFund.com steps down as CEO. Misra is ex Fortress executive probably reason Peter Briger, Wesley Edens sold Fortress to Softbank $SFTBY bottomfeeder001 2 7/8/2022 10:47:21 AM
157167 Re: WSJ today Friday 7 8 22 Softbank Rajeev Misra VisionFund.com steps down as CEO. Misra is ex Fortress executive probably reason Peter Briger, Wesley Edens sold Fortress to Softbank $SFTBY poolblue3 3 7/8/2022 12:03:27 PM




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