Where are the shares coming from when none exist?

Where do NOVC shares come from when none exist to trade.

Barings aka Babson Capital owned by Mass Mutual holds 19.3M NOVC common shares, & should want to duplicate KKR and Fortress investment in $COOP at Novation Companies Inc. OTCBB $NOVC.

NOVC shares shoots up to 20 cts from 2 cts on heavy volume, 4.6M from Monday 2/8/21 to Fri 2/1/21 on NO NEWS.

Minority Shareholders outside Barry Igdaloff, Thomas Akin, Howard Amster, Todd Emoff, Wesley Edens/Peter Briger, Manny Emanuel J. Friedman/Neal Wilson/Frank Bazos, Mass Mutual, Barings huddle are not buying $NOVC. Where are shares coming from since 114 CSOS Dilute are 100% owned and not traded in $NOVC? Why would any investor buy a share in $NOVC?

NOVC Board of Directors look incompetent and their performance is next to nothing. In addition, they have sold millions of NOVC at 2 cts per Form 4s (unless they reassigned shares parking them at family or related investors), they operate HCS www.healthcare-staffing.com like it is their own little country club (no admittance and no news), SEC documents are so poorly drafted as to have been prepared by a monkey or Rodney Schwatken ex CFO and his pet Carolyn Campbell, CFO. So why in the world would any investor buy NOVC including the massive volume of 4.6M shares traded just last week Feb 8, 2021 to Friday Feb 12, 2021 (64% shorted per www.otcshortreport.com). Over 50M $NOVC common shares have traded just over the last 365 days.

Maybe the answer is NOVC Board (Barry Igdaloff, Chairman) and co-investors Note Holders (Fortress/EJF Capital hidden behind CDOs they paid little to own) have gone to great lengths to repel Mr. Market by driving $NOVC price per share to lowest possible price per share so as to award themselves 46M shares at pennies or less (15M RSU for Board of Directors at pennies; DX investors & appointees of Chuck Gillman/Jeff Eberwein and 31.3M at less than One Penny. 31.3M NOVC Common Shares for Note Holders (Fortress via Taberna I & II and EJF Capital aka White Mountains WTM via Kodiak CDO I) at less than One PENNY. These investors with Mass Mutual and sub-Barings 19.3M hold 87M of 114M CSOS Dilute. Another Shareholder count hold 23M shares with small number of minority shareholders & per CPA firm Boulay Group there are 713 Shareholders of Record not including SR inside “Street Names”.

Who is buying $NOVC and Where are the shares coming from since all shares outstanding are held and not traded?

Barry Igdaloff, Chairman of NOVC Board holds the seat that needs to address the ethics let alone legality of driving NOVC share price to pennies while giving himself and co investors more than half their position at pennies or less 46M shares. It is my observation NO investor would buy NOVC given the public picture NOVC Board of Directors presents, yet millions of NOVC common shares have traded 50M over the last 365 days, 4.6M just last week. SEC must have a rule that prevents sophisticated investors from disadvantaging less sophisticated investors out of their shares by creating a false narrative while taking most of the company for themselves.

Argument is this has been done many times before but most notably by NOVC CEO David Pointer's appointors Chuck Gillman, Jeff Eberwein, ex NOVC Board Members he and others replaced after they were fined by SEC 2/14/2017. NOVC Board members David Pointer, Lee Keddie, Tim Eriksen are Chuck Gillman and Jeff Eberwein (Whitney Tilson Small Cap Investors) appointed to NOVC Board of Directors, after the SEC fined them hundreds of thousands for this exact same behavior READ the Truth at Two investors fail to disclose info., get charged by SEC. & right from SEC own web site https://www.sec.gov/litigation/admin/2017/34-80038.pdf

NOVC Board, their co investors at NOVC including Note Holders (Fortress/EJF Capital hiding behind CDO Service Rights they paid little on Taberna I & II/Kodiak CDO I) have more dry powder seeking a "Sure Thing" and their past investment partners and related investors to Mass Mutual & Barings have trillions of AUM under management, Oppenheimer, Invesco sub past/present of MM), EJFcap.com owned by White Mountains WTM and of course; Fortress (Canyon Partners Marc Lasry and Jamie Dinan from Avenue Cap Mgt and York Cap Mgt) these investors along with Fortress' parent Masa Son, CEO and Rajeev Misra ex Fortress executive now CEO of www.visionFund.com of SoftBank have more dry powder than maybe Goldman Sachs and Blackrock (prior employers to Fortress Co-CEOs Peter Briger & Wesley Edens). Read NOVC 2018 Proxy 14A page 12 for how NOVC may start the real restructuring. The PS Series F defined on page 12 would ensure these investors have a sure thing in $NOVC "Guarantees these investors a 20 bagger Sure Thing".

They can separate Novastar Financial their former MREIT traded NYSE NFI just like Fortress separating $NRZ from Drive Shack $DS formerly called Newcastle Investment Corp, see $NRZ 2020 10k released 2.16.21. NFI can use CCR cleanup call rights under Service Rights Transfer Agreement Sec 5.04 to access rich, seasoned collateral assets that can be leveraged/resecuritized at NIMs of 500 Bpts into a new dividend just like Fortress did at NRZ (est. $3.75/NOVC Share). The remaining NOVC www.healthcare-staffing.com HCS can be positioned as HealthCare SPAC but with $730M NOLs.

Story of Novation Companies, Inc. OTCBB $NOVC owns 730M NOLs, CCR cleanup call rights that can leverage/resecuritize collateral assets with 600 Bpts WAC.

• Mass Mutual, sub Barings, Jefferies, Note Holders behind CDOs Fortress owned by SoftBank Group Masa Son & EJF Capital owned by White Mountains hold 50% of common.
• Group of their co investors mostly from $DX & shareholder count of mine hold and do not trade 60M common shares.
• Per NOVC S-8 filed at SEC only 114M CSOS Dilute exist on NOVC & 713 Shr of Record SR exist per 2019 10K.