Why do I believe NOVC Board still plans on split $NOVC a dormant public co into 2 | NOVC Message Board Posts


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Msg  157739 of 157830  at  12/1/2022 1:15:31 PM  by

poolblue3


Why do I believe NOVC Board still plans on split $NOVC a dormant public co into 2

Why do I believe Novation Companies Inc. $NOVC Board of Directors ($DX Board Member of 20 years/$DX and $NOVC Shareholder Barry Igdaloff and $DX Major Investor Howard Amster (2005 SEC Form showed Amster or his entities owned over 5% of both $DX common and preferred) - called the real master mind in $DX Dynex Capital restructuring by ex EJF Capital JonesTrading MREIT Analyst, see below, still plan on doing something to use $NOVC GAAP HIDDEN $730M NOLs and rights CCR that control future use of billions of rich, seasoned collateral assets by splitting $NOVC a dormant public co into 2 tax free public companies as:
 
1st a Tax Exempt MREIT monetizing NOVC Rights CCR. This has been confirmed by many Quants including ex CEO of Saxon Capital $SAX Michael Sawyer (sold to Morgan Stanley for $760M) and the above MREIT Analyst at JonesTrading formerly held same position at EJF Capital aka FBR aka Compass Pointe Research.
 
$SAX and $DX used the same book runners Manny Friedman, Neal Wilson Co CEOs of both Friedman, Billings & Ramsey FBR, EJF Capital both were MREITs spun out of the same public company based in Glen Allen, VA.
 
Michael Huang an employee of Fortress also confirmed this before deep sixing any further discussions after learning of the connection between Howard Amster, Barry Igdaloff and his superiors Wesley Edens, Peter Briger, Co CEOs at Fortress. Huang is now working on a steal startup see below. Fortress externally managed the MREIT now traded $RITM under a lucrative management agreement (paid Fortress over 150M per year). This agreement was terminated months ago triggering a whopping Termination Fee of $400M. Michael Huang who was both an employee of Fortress and Portfolio Manager at $RITM aka $NRZ believed the collateral assets controlled by $NOVC (see NFI Bond Remittance Reports and Pooling Service Agreements on Edgar Reports) aka their former MREIT that traded on NYSE Novastar Financial Inc. $NFI could be leveraged (combined with other assets) and resecuritized into a new MREIT Dividend.
 
I have previously shared a few of my past correspondence so I will not repeat. Novation Companies Inc. $NOVC Common Shareholders base comprises the world leading experts in rights CCR. Majority Shareholders including NOVC Board & Pals own at least 40M $NOVC common, Sr Note Holders Fortress/EJF Capital ID hidden behind Taberna CDOs/Kodiak CDO I, also own 31M Common Shares They obviously have placed their own interest ahead of Mr. Market and Minority Shareholders outside their huddle.
 
The 2nd tax free company aka $NOVC only operating unit HCS www.healthcare-staffing.com est $50M Revenue. Could $NOVC HCS be merged with Jeff Eberwein, COB/CEO of Hudson Global $HSON $200M Gross Revenue so as to monetize NOVC $730M NOLs. This would create a $250M Revenue public co tax free. It would also explain massive Form 4s filed at $HSON by Jeff Eberwein COB/CEO of Hudson Global $HSON but also $NOVC Former COB/CEO. Eberwein has filed massive Form 4s at both $HSON and $NOVC by his HF "Lone Star Value Mgt" from April to Oct 2015. 
 
The MREIT Analyst now at JonesTrading is Jason Stewart ranked by www.tipranks.com  
 

Michael Huang, CFA

Michael Huang, CFA

2nd degree connection2nd

Residential Real Estate

Stealth Startup

Cornell University College of Engineering

New York, New York, United States Contact info

Driving operational excellence and innovation for institutional real estate investing, backed by over a decade of experience managing multi-billion-dollar portfolios of various asset classes that include all mortgage loan products, RMBS, SFR, as well as consumer loan products.Driving operational excellence and innovation for institutional real estate investing, backed by over a decade of experience managing multi-billion-dollar portfolios of various asset classes that include all mortgage loan products, RMBS, SFR, as well as consumer loan products.

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Stealth Startup logo

Head Of OperationsHead Of Operations

Stealth StartupStealth StartupMar 2021 - Present · 1 yr 10 mosMar 2021 - Present · 1 yr 10 mosUnited StatesUnited States

Fortress Investment Group logo

Fortress Investment GroupFortress Investment Group

Full-time · 7 yrs 7 mosFull-time · 7 yrs 7 mos

Managing Director / Portfolio ManagerManaging Director / Portfolio Manager

Jan 2020 - Mar 2021 · 1 yr 3 mosJan 2020 - Mar 2021 · 1 yr 3 mos

§

      • Managed multi-billion dollar portfolio of various assets classes that include Agency and Non-Agency mortgage loans, RMBS, MSRs, SFR as well as consumer and P2P loan products. Lead acquisition, due diligence and operating teams for all asset classes. Structured full suite of financing solutions, which included capital markets securitizations, recourse, and non-recourse debt facilities. Managed multi-billion dollar portfolio of various assets classes that include Agency and Non-Agency mortgage loans, RMBS, MSRs, SFR as well as consumer and P2P loan products. Lead acquisition, due diligence and operating teams for all asset classes. Structured full suite of financing solutions, which included capital markets securitizations, recourse, and non-recourse debt facilities.

Senior Vice President / Portfolio ManagerSenior Vice President / Portfolio Manager

Jan 2017 - Jan 2020 · 3 yrs 1 moJan 2017 - Jan 2020 · 3 yrs 1 mo

Vice President / Portfolio ManagerVice President / Portfolio Manager

Sep 2013 - Jan 2017 · 3 yrs 5 mosSep 2013 - Jan 2017 · 3 yrs 5 mosNew York, New YorkNew York, New York

Carrington Capital Management, LLC logo

Vice PresidentVice President

Carrington Capital ManagementCarrington Capital ManagementJul 2011 - Sep 2013 · 2 yrs 3 mosJul 2011 - Sep 2013 · 2 yrs 3 mosGreenwich, CtGreenwich, Ct

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      • Managed large portfolio primarily invested in distressed residential mortgage whole loans.
        Head of prospective deal analysis, execution, and relationship management with market counterpartiesManaged large portfolio primarily invested in distressed residential mortgage whole loans. Head of prospective deal analysis, execution, and relationship management with market counterparties

EducationEducation

Cornell University College of Engineering logo

Cornell University College of EngineeringCornell University College of Engineering

Bachelor of Science, Operations Research and Information Engineering; Computer ScienceBachelor of Science, Operations Research and Information Engineering; Computer Science

    • Activities and societies: Zeta Beta Tau, Cornell Club TennisActivities and societies: Zeta Beta Tau, Cornell Club Tennis

Licenses & certificationsLicenses & certifications

  • Chartered Financial AnalystChartered Financial Analyst

NYSSANYSSAIssued Sep 2012 · No Expiration DateIssued Sep 2012 · No Expiration Date




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Msg # Subject Author Recs Date Posted
157740 Re: Why do I believe NOVC Board still plans on split $NOVC a dormant public co into 2 poolblue3 5 12/1/2022 4:42:59 PM
157741 Re: Why do I believe NOVC Board still plans on split $NOVC a dormant public co into 2 mcspazm 1 12/2/2022 11:32:39 AM




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