Updated Email From IR Tonight:
Hello Shareholders and future long term investors,
Today, as I read the many social media sites, it occurred to me we did not cover the great savings to date by our new CEO Steven Baritz. Yes I forgot in my busy schedule to cover the great use of the companies assets to date.
Many are focusing on the debt conversion that we inherited from the previous company but not hing is being mentioned on what a drastic increase and reduction the assets and liabilities showed quarter to quarter.
Generally as a rule, a long term investment should be in a company with a management team that is capable of focusing on costs while increasing revenues. I usually take the time to point this out. I do want to apologize to Steven Baritz for not pointing out the great skills he has shown on his first 10q. We are now looking at the filing of the 10k report and we need to know were we started. I will compare the last Quarter that Steven took over mid quarter and show the savings.
Below, I do have copies of the last two quarterlies and the links to the actual filings.
Please take the time to read these so we know ahead, what the management is doing to increase our equity.
Looking over the reports, it was easy to see why we had such large notes due the previous management team. The management of the shareholders assets was over 1.3 million a year in costs with no revenues.
Right away Steven reduced the costs by less then 40% of the previous two quarters average and put more in the bank for assets then they did all year. At the same time he was able to reduce the liabilities by over $200,000.00 on the balance sheet. This is the sign of a great management team to reduce the debt and at the same time retain more capital.
Reading over the below reports, I am very confident that this will carry-on into the first full year. He has already set the tempo with the commitment of no salaries till the company pays the salary and not loans. That is one step ahead of the pack and previous debt and huge conversions.
Please look over the sheets below and here are the notable differences.
Cash on hand and assets increased by $19,768 from $997 increase of assets by over $18,500.00
Total current liabilities reduced from $654,840 down to this quarter of $430,675 reduced by over 2$24,000.00
Total stock holders deficit reduce from $653,853 down to this quarter of $410,877 deficit reduced by almost $243,000.00
Quarterly net loss reduced from $395,717 down to loss of only $69,135. or saving to deficit for shareholders of over $326,000.00
This is what the management is doing to reduce the costs for the shareholders equity. Steven does understand the value of money and how to make the highest profit possible. I look forward to allowing him to manage my assets as shares in the future.
He is also working diligently in the face of much adversity to create a great company.
He has attracted a great partner in a cutting new growth market of healthy Artesian foods.
I look forward to seeing him manage all our assets ahead as we grow the revenues and generate that into profits.
I do want to clear up one misunderstanding at this time. I want all to know, I am not on the board or actually work for Global distribution.
It seems there is some confusion of who I work for. I do work for myself in this capacity and I am contracted to help take care of the social media and investor information flow. What the future holds may be different but at this time I am not an employee or paid a salary.
Dave
Please feel free to text, email or call, I am here for you all
814-418-6648
Net Savings Link, Inc. (Form: 10-Q, Received: 10/20/2014 16:47:11)
Net Savings Link, Inc. (Form: 10-Q, Received: 10/20/2014 16:47:11)
Exhibit 10.1 STOCK EXCHANGE AGREEMENT
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Net Savings Link, Inc. (Form: 10-Q, Received: 07/21/2014 14:07:01)
Net Savings Link, Inc. (Form: 10-Q, Received: 07/21/2014 14:07:01)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X]
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NET SAVINGS LINK, INC.
Consolidated Balance Sheets
(Unaudited) 10/2
August 31,
2014
ASSETS
Current assets
Cash
$
13,909
Other current assets
5,889
Total Current Assets
19,798
TOTAL ASSETS
$
19,798
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities:
Accounts payable and accrued liabilities
$
60,519
Derivative liabilities
196,379
Convertible notes payable, net of debt discount of $22,203
173,777
Total Current Liabilities
430,675
STOCKHOLDERS' DEFICIT
Series A Preferred Stock, $0.00001 par value, 1,000,000,000 shares
authorized, 1,500,000 shares issued and outstanding
15
Common stock, $0.001 par value, 1,000,000,000 shares authorized,
603,351,218 shares issued and outstanding
603,350
Additional paid-in capital
(945,107
)
Accumulated deficit
(69,135
)
Total Stockholders' deficit
(410,877
)
TOTAL LIABILITIES AND STOCKHOLDERS'DEFICIT
$
19,798
NET SAVINGS LINK, INC.
Balance Sheets
(Unaudited) 07/02
May 31,
2014
November 30,
2013
ASSETS
Current assets
Cash
$
598
$
2,800
Other current assets
399
1,532
Total Current Assets
997
4,332
Property and equipment, net of accumulated depreciation of $37,672 and
$32,444, respectively
-
5,228
TOTAL ASSETS
$
997
$
9,560
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable and accrued liabilities
$
56,102
$
36,362
Due to related parties
-
317,755
Derivative liabilities
483,293
90,699
Convertible notes payable, net of debt discount of $7,740 and $0,
respectively
115,445
115,693
Total Current Liabilities
654,840
560,509
STOCKHOLDERS' EQUITY(DEFICIT)
Series A Preferred Stock, $0.0001 par value, 100,000,000 shares authorized,
1,500,000 and 1,500,000 shares issued and outstanding, respectively
15
15
Common stock, $0.001 par value, 1,000,000,000 shares authorized,
172,263,131 and 108,591,412 shares issued and outstanding, respectively
172,263
108,591
Additional paid-in capital
4,143,671
3,710,954
Accumulated deficit
(4,969,792
)
(4,370,509
)
Total Stockholders' Equity (deficit)
...
