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Strategies & Market Trends : Turnarund Investing

NOVS 0.0666

-16.0%

Aug 1 5:00 PM EST

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From: bankbuyer	5/27/2012 12:53:26 PM
	of 1876

Novation cant grow because they cant borrow or issue stock . The $85.9 million senior debt holders APPROVE all transactions. The cash on the balance sheet is minimal when adjusted on both a per share basis AND what must be kept for daily cash in/out requirements as they have no LOC for this.

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