See Form 4s filed by Jeff Eberwein or his HF Lone Star Value Mgt at $HSON and $NOVC and ask what it this financial engineer, Wharton MBA, ex Portfolio Mgr at both Soros Investment, Viking Global Mgt are up to?
Lone Star Value Mgt and Jeff Eberwein bought every day est 30K NOVC shares at est price of .29 cts between April-Oct 2015 after gaining control of $NOVC Board Spring of 2015 thanks to Barry Igdaloff, Howard Amster. Since 2015 these investors along with their co investors have controlled NOVC Board, Balance Sheet and Check Book. They have used FUD fear uncertainty and disinformation to drive NOVC share price to pennies while at same time taking 47M shares for themselves 31.3M for their related co investors Fortress/EJF Capital ID hidden behind CDOs Taberna I & II/Kodiak CDO I & 16M RSU common for themselves. Igdaloff and Amster allowed Chuck Gillman, Jeff Eberwein and their appointees made shortly after the SEC fines in 2017 to take most of the 16M shares. Jeff Eberwein & his co investors at $NOVC are up to something.
I believe that is $NOVC will spin out their ex tax exempt MREIT ex NYSE $NFI Novastar Financial Inc. and monetize CCR rights that control the future use to billions of collateral assets (seasoned and carry 600 Bpts WAC) creating a new dividend to be priced by Mr. Market. This will also result in Fortress/EJF Capital cashing another lucrative management fee just like Fortress did at $NRZ now $RITM. Per 2019 10K Fortress was paid 170M Mgt Fee for one year.