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Strategies & Market Trends : Turnarund Investing
NOVS 0.0666-16.0%Aug 1 5:00 PM EST

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To: bankbuyer who wrote (1189)5/15/2012 10:42:57 AM
From: KirbyJF1  Read Replies (1) of 1876
 
EnronBuyer you are always wrong about Novastar as it has a positive net Worth $6,321,000.00 & is Growing revenues. Also read one of the top 4 Public Auditing firms who I believe more than a nincompoop like you.

Shareholders' equity (deficit):

Capital stock, $0.01 par value per share, 120,000,000 shares authorized:

Common stock, 91,479,519 and 91,253,653 shares issued and outstanding,

respectively 915 913

Additional paid-in capital 740,136 746,276

Accumulated deficit (738,610) (803,400)

Accumulated other comprehensive income 3,509 3,267

Total NovaStar Financial, Inc. (“NFI”) shareholders' equity (deficit) 5,950 (52,944)

Noncontrolling interests 371 188

Total shareholders' equity (deficit) 6,321 (52,756)

Total liabilities and shareholders' equity (deficit) $ 115,257 $ 44,601

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in the Registration Statement No. 333-116998 on Form S-8 of our report dated March 15,

2012, relating to the consolidated financial statements of NovaStar Financial, Inc. appearing in the Annual Report on Form 10-K of

NovaStar Financial, Inc. for the year ended December 31, 2011.

/s/ DELOITTE & TOUCHE LLP

Kansas City, Missouri

March 15, 2012

Source:

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