Nova has published its 2021 Financial Statements today

by | Dec 15, 2021 | Announcements

Nova published their 2021 financial statements today. Ten months late per Company Act requirements and one of the reasons why they were served with a 2nd Compliance Notice by CIPC in November

We will be watching for analysis and opinion on the state of the company and deemed solvency or insolvency and will post for information

Here is the link:
<novapropertygroup.co.za/index.php/financial-statements/?fbclid=IwAR 3IRZn8C7k2Wo-CrNDV035fvTvJi7t_nQRRD2sPZUE5Xajm3hP0zbUSo3s> novapropertygroup.co.za/ind…/financial-statements/

Recent Moneyweb posts on Nova Property Group

by | Dec 15, 2021 | Announcements

Below are the links to the most recent Moneyweb posts on Sharemax/Nova

15 December: Nova Debenture Holders stand up to the Sharemax Rescue Vehicle
www.moneyweb.co.za/in-depth/investigations/nova-debenture-holders-st and-up-to-the-sharemax-rescue-vehicle/

13 December: Moneyweb-radio: Nova betaal nie die voormalige Sharemax beleggers binne die 10 jaar tydperk terug nie
www.moneyweb.co.za/moneyweb-radio/nova-betaal-nie-die-voormalige-sha remax-beleggers-binne-die-10-jaar-tydperk-terug-nie/

10 December: Sharemax rescue vehicle makes a u-turn on payments to investors
www.moneyweb.co.za/in-depth/investigations/sharemax-rescue-vehicle-m akes-a-u-turn-on-payments-to-investors/

24 November: CIPC concerned about Nova’s ability to repay debenture holders
www.moneyweb.co.za/in-depth/investigations/cipc-concerned-about-nova s-ability-to-repay-debenture-holders/

17 November: Sharemax rescue vehicle faces CIPC shutdown
www.moneyweb.co.za/in-depth/investigations/sharemax-rescue-vehicle-f aces-cipc-shutdown/

25 October: How former Sharemax investors saved Connie Myburgh
www.moneyweb.co.za/in-depth/investigations/how-former-sharemax-inves tors-saved-connie-myburgh/

No airtime on RSG’s Geldsake this evening

by | Dec 14, 2021 | Announcements

We’ve received word that there was too much on the “story board” at Geldsake tonight and although Herman was on standby, there was just not enough time to get to Sharemax/Nova. We’ll keep you posted as to when tonight’s planned discussion will air

RSG Geldsake this evening

by | Dec 14, 2021 | Announcements

We’ve just received word that there was too much on the “story board” at Geldsake tonight and although Herman was on standby, there was just not enough time to get to Sharemax/Nova. We’ll keep you posted as to when tonight’s planned discussion will air

Herman Lombaard will be speaking on RSG’s Geldsake again this evening

by | Dec 14, 2021 | Announcements

Herman Lombaard will be on air on RSG’s Geldsake with Ryk van Niekerk again this evening. Herman will be giving some background information on the issues surrounding the resignation of the former Trustee (Mr Derek Cohen) and the company’s failure to appoint a replacement within the time frame set down in the Trust Deed. He will also speak on the company’s nominated candidate and why we reject this person and on the candidate whom we have nominated and why we have done so. There might also be content on why we have said to Nova that they have, through their failure to appoint the new trustee at the right time (per their obligations set out in the Trust Deed), they have forgone their right to nominate a candidate and convene a meeting to vote on approval of that person