Friday, March 21, 2014 4:28:05 PM
National Automation Services, Inc. - Investor Update
LAS VEGAS, NV--(Marketwired - Mar 21, 2014) - National Automation Services, Inc. ("NAS") (OTCQB: NASV) Announces update as a part of its awareness program and reaffirming commitments to its shareholders noting no toxic debt.
The Company would like to reaffirm to its shareholders that there is no harmful debt outstanding which could negatively impact the Company's share value. Many have expressed concern that there may be harmful debt with conversion features still outstanding from such creditors as Asher Enterprises, Trafalgar Capital, TriPod Group, etc. This type of debt often leads to short selling of the stock to reduce the effective conversion price, thus inhibiting upward progress in share valuation. These debts were settled throughout 2012 and 2013 and no such remaining debentures and convertible notes currently exist on the Company's books. The Company advises that any future financing in the execution of its business plan will be completed with non-harmful mechanisms using restricted shares, with additional restrictions on the percentage of stock that can be sold using a "leak out" provision. It is the Company's long-term mission to not only build shareholder value but to protect such gains from predatory market influences.
The Company further reports that there are 261.4 million free trading shares in the public float. The remaining outstanding shares are held in restricted form and by insiders of the Company.
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