DD Support Board and Research Team

[nodummy]

NSEH - that's exactly what happened

Here is the court document filed by Stephen Hicks in Leon County Florida against NSEH on March 13, 2014

http://cvweb.clerk.leon.fl.us/cvimage/official_records/download_document.asp?book=4642&page=01717&type=OR&jwuser=&subnet=

https://promotionstocksecrets.com/wp-content/uploads/2014/11/HicksNSEH.pdf

As you can see on page 7 section 6 part e, at any time that NSEH doesn't have sufficient authorized shares to satisfy the next round of conversions they are required to raise their authorized share count

NSEH ended up raising the A/S from 750,000,000 to 1,750,000,000 on July 23, 2014 and then raising it again from 1,750,000,000 to 3,750,000,000 on September 15, 2014

In that court document ASC Recap LLC (Stephen Hicks) claims a $2,531,565 principal balance against NSEH.

The $2,531,565 in principle all converts into free trading stock at a 25% discount to the market price (at least on paper - I have a feeling Hicks ended up getting a bigger discount than that) with Hicks being allowed to hold up to 9.99% of the Outstanding share count at any time. Once that bunch of shares are dumped he gets to immediately go back for more.

The court document also mentions that as part of the settlement agreement, NSEH will enter into a new Convertible Promissory Note with ASC Recap LLC (Stephen Hicks) for $125,000 that after 6 months (sometime around September 13, 2014) will become due and can be converted into free trading stock at a 50% discount to the lowest closing bid price of NSEH over the previous 20 days.

There is no doubt that the 2 billion plus free trading shares that have entered the NSEH float since April 25, 2014 have mostly gone to Stephen Hicks. The exact reason that NSEH started actively trading again on April 25, 2014 after not even trading most days before April 25, 2014 is because that is when the share conversions started for ASC Recap LLC (Stephen Hicks).

If people think that the CEO controls a ticker like NSEH they are mistaken. A ticker like NSEH is controlled by the toxic financier (in this case Stephen Hicks). When the financier needs to dump shares that is when the press releases are hitting the wires. My first guess when I heard about the fake press releases on November 24th is that Yates and Hicks had a little falling out in their partnership that has been going on since July of 2013. Maybe Yates got frustrated with how many shares Hicks is now able to convert and dump into the market and he is just fed up with the whole fiasco so he refused to do the next round of press releases asked for by Stephen Hicks. After Yates refused to comply, Hicks took it upon himself to issue the November 24th press releases after which Yates immediately jumped on twitter and started calling them unauthorized. Maybe the two sides have talked since then and Yates back tracked a little by blaming the press releases on an unnamed ihub poster to deflect the idea that Hicks might have been involved. That's my theory.

Whether the press releases since April 25, 2014 were authorized by Yates or not, I doubt any of them can be trusted. They really only serve one purpose and that is to attract buyers to buy the shares that Stephen Hicks is dumping into the market.



Back on the subject of the ASC Recap LLC Debt Notes..... NSEH hasn't done an SEC financial filing (Q or K) since March of 2013 so we are giving no disclosure about the ASC Recap LLC Note from when it was first issued, but Southridge Enterprises announced it had entered a toxic financing agreement with NSEH back in July of 2013

http://southridgecapitalblog.wordpress.com/2014/04/03/southridge-enters-into-a-debtequity-swap-agreement-with-nustate-energy-holdings-inc/

There is no question that Hicks transferred debts owed to Southridge by various companies (not just NSEH) over to ASC Recap LLC after the SEC and other regulators put too much heat on Southridge Enterprises.

ASC Recap LLC also has orders against ZORM and ACLP at the Leon County Courts both filed on October 14, 2013

That can all be looked up online at the following link:

http://cms.leoncountyfl.gov/Home/Citizens-Connect/Online-Services

Some other, but not all, ASC Recap LLC (Stephen Hicks) Notes can be found here

https://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp?search_text=%22ASC%20RECAP%20LLC%22&isAdv=false