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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: KirbyJF1 who wrote (1197)5/15/2012 10:31:30 PM
From: Covenant1 Recommendation  Read Replies (1) of 1876
 
Hey Enronbuyer I thought you said they were going to go bankrupt????? What a Bumbkin
Yup. NOVS only lost 99.8% of its value and became insolvent. I guess that makes BB wrong by what, 0.2%?

Novastar has a free pass until 2015 when they start making full interest payments. Creditors will take over the company by the end of the decade. Until then, it is just the last smashing about of a slow motion train wreck.
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