SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Novation Companies
NOVC 0.00010000.0%Oct 19 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: bankbuyer who wrote (1)5/28/2012 11:35:54 PM
From: Fear the Turtle1 Recommendation  Read Replies (1) of 28
 
You said, "Novation has changed it's name and ALL it's subsidiaries names"

Why you must be mistaken?....first, "Novation" hasn't changed its name, and second your statement that "ALL" subsidiaries had changed their name is incorrect. Unless you can share with investors here the previous names of Advent or Corvisa, I would say that you should do more research before misleading anyone.

You're right about there being 91.2 million shares outstanding and you're pretty close on there being 85.9 million dollars in Senior Debt but, its not due until 2035. What you fail to address is the very favorable terms of that debt whose interest only payments are currently covered with ease from current cash flows.

Finally, the company clearly states that the law suits from the old Reit are more likely than not without merit, and in my view the company is right.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News