Barry Commoner Puns

OTC Dynamics, Inc.

@otcdynamics

$NOVC Novation Companies, Inc. Provides Information on Its Call Rights http://bit.ly/2OGpxMv

6:17 PM · Aug 17, 2018·OTC Dynamics Twitter Login

$NOVC hold Cleanup Call Rights per SRTA Sec 5.04 signed by Saxon/Morgan Stanley selling MSR but retains right to control billions of collateral assets 6% WAC that can be leveraged/resecuritized at NIMs 500 Bpts into dividend as tax exempt MREIT NFI like inv DX, NRZ/DS IMH....etc.

Majority Inv; MREIT experts Fortress owned by SoftBank $SFTBY & EJFcap.com own by $WTM MassMutual Barings & co-inv led COB Igdaloff. $NOVC can reorg like they did at DX & NRZ/DS by spinoff ex MREIT & use assets via CCR $3B 6% WAC into dividend+730M NOLs in HCS

$NOVC controlling investors Fortress & EJFCap hide behind CDOs Taberna, Kodiak which appear to collude w/NOVC Board to take 31.3M common shares 8/19 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 so why 2020 10K still show NOVC "going concern" when only Debt to exit Ch 11 owns 27% 31M shrs at < 1 cent? 9M shares given Note Holders at zero PLUS 22.250M 10 year warrants at one cent strike aka zero all given Fortress, EJF Capital Real Economic Owners of NOVC Sr Debt by Fortress past co-investors led by Barry Igdaloff, Chairman of NOVC Board. Barry Reorganized Dynex Capital DX with Fortress help (Fortress 2000-03 owned CMO Capstead Mgt) & served on DX Board 2000-2020 making a mint thanks to Wesley R. Edens, COB of Fortress. 31M shares at zero plus over 10M cash since Ch 11 LOOKS LIKE PAYBACK. They own 31M + 19M MassMutual + Igdaloff group hold at least 40M shares & small shareholder count own 30M total more then all Common Shares Outstanding 115M per NOVC 2020 10K yet on no news, going concern over 52M shares trade over last year on what must be inside information.

How can $NOVC Board not hold 2020 Annual Meeting or file 14A? How can 52M shrs trade ov

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

To be clear Aug 2019 NOVC Board led Barry Igdaloff Chairman gave his past Co Investor from DX aka Fortress, NOVC largest Note Holder behind CDOs Taberna I & II 2.3rd or most of 31.3M NOVC Commons Shares outright see exhibit below. Further this exhibit below the First Amendment to Secured Sr Notes was also given 50% of NOVC Excess Cash Flow. It this a breach of NOVC Board Members fiduciary duty to NOVC Shareholders? Is it incompetence or is it an inside job. I can say with conviction the windfall NOVC Board has given Note Holders since Ch 11 ($11M cash plus 31.3M common shares does not promote independence between NOVC Board and Note Holders as they are the one and the same.  Barry Igdaloff/his HF Rose Capital Mgt and his cabal mostly DX investors & cabals of Chuck Gillman, Jeff Eberwein, Whitney Tilson, along with my small shareholder count hold at least 68M NOVC Common + Note Holders 31.3M shares and MassMutual and Barings 19.3M shares adds up to 118M shares held not traded as compared to 116M Common Shares outstanding Dilute per SEC filed 2020 10K for NOVC. No float, no news, 10K with a going concern, Board members filing Form 4 suggesting they are selling at rock bottom it all adds up to a false narrative or fraud while someone has bought 57M shares since 4.2.2020 and 30M shares since holidays at pennies. Fortress // EJF Capital Note Holders via CDOs are largest shareholder in Novation Companies $NOVC with EJF Capital 31.3M shares see 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 9M common and 22.250M ten year warrants. READ extract from below"Under the amendment, Novation will issue to holders of the senior notes a total of 9 million shares of common stock, as well as 10-year warrants to purchase a total of 22.3 million shares of common stock at an exercise price of $0.01 per share.The operative word is ISSUE to Holders of Sr Notes (the only Sr Notes to exit Ch 11 with $6.3M cash including $5.8M all back interest compounded and $500K Non Defined Penalty with no cram down reduction in Sr