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Yes this has already been confirmed "no harmful debt" and are getting very favorable long term debt financing with no conversion features at 10% per annum terms.
I am with you Hogan!
Instead of "chirp! chirp" it should be "quack, quack"!
My point, jumping to many conclusions! No real factual data! You have no idea of the Company or the acquisitions being made! More "Hen House" noise!
Thank you Leigh, very good observation!
Agreed! You make good points as I do not know these other Companies or the deals made. But I do know this is a very real and upcoming Company, look at the Management Team, they are solid!
Again, call the Company! Your impressions are what they are, your impressions. They have never misled anyone that I know of on this subject, it's your lack of knowledge of the Company that leads you to draw conclusions and misinterpretations. Why not seek out the real P&D stocks instead, as you are pecking at the wrong tree here!
I spoke to the CEO in the past about this and he acknowledges that the Firm Commitments don't do anything for them down here in the penny world. Wellington does not fund OTC Stocks. They are building the Company on their own with guidance from Wellington, but other than that, they have to complete acquisitions sufficient enough to enable them to move to the NYSE by themselves. Which I think they are doing a great job! You really should call and talk to the Company, maybe you will see this in a very different light! :)
People have different view points, I respect yours. I am long!
Yes, some of their research is useful that is why I watch it as we have all been burned before, but when they draw conclusions and bash a good Company like NASV, it makes me upset! This Company is legitimate and they are trying to convince people to the contrary. You can call the CEO Bob chance as I did at the Company 877-871-6400 with any concerns as he is very open and approachable. He will not talk about non public stuff but openly will discuss with you any concerns about this or any other matter you may have. Great Guy and I feel very honest!
Will get in but am going to be conservative on this one!
I am all about Energy/Oil and Gas Stocks as this is going to be a booming industry for the next 25-30 years. WGAS is interesting but what are they doing with all of the shares issued?
How much was the dividend?
Very nice! Have to put this one into my portfolio!
This is Cool, have to order one!
Agreed, thanks for the research!
I agree, this is finally hitting the radar of States realizing they can save money from enforcing actions while reaping benefits of tax dollars generated from the sales.
Not at all, the fastest way to grow a Public Company is through Acquisitions, period!
Wellington Shields is a very reputable Wall Street Investment Banking Firm. They literally fund 100's of Companies each year with this exact scenario, which is their business model. Backing a Pink Sheet Company and bring them to the Big Boards is how they make their money, not on up front fee's.
I spoke to Bob Chance about it and he was un moved by the postings as he knows they do not know what they are talking about! He did say Wellington was not pleased and that they are turning this over to their legal dept. for possible action against any and all participants who slandered them! I don't think that was a very wise move! They have 31 Attorneys on Staff!
That Site is a hen house and don't really do real due diligence, they just try to find dirt on anyone and everyone. I called Bob Chance and discussed this with him. Wellington is an Investment Banking Firm Established in 1924. The Firm Commitments is what they do to help Companies like NASV get to up listing and do a Capital raise post up listing. As with NASV, they are consulting with them daily on getting to the up listing process, but do not get involved with Pink Sheet Companies (don't blame them) until they are on NYSE or AMEX. The "Firm Commitments" are real and contractually binding. The intent of issuing the "Firm Commitment" now is to help the Company with credibility issues with the SEC moving through the up listing process (Form S1)as the Company can demonstrate that they have the backing of a major Wall Street Investment Banking Firm with Debt and Equity Commitments post up listing. Again these are legally binding! I do not know why this is even being called a fraud other than the "Hens" are looking at throwing dirt at any and all Companies in the Pink Sheets as they believe all are corrupt! Bob calmed me down and said he made Wellington aware of the postings, they are sending to their Legal Dept. for review and possible action against the posters who have slandered them! Hope the "Hens" have allot of seed money because I think they are going to need it when Wellington comes knocking, which it sounds like they are!
Wow! 838,000 shares after the bell! Big hitters coming in folks! About time more Investors found this diamond!!
Again facts are wrong!
Obviously another half glass empty quote here, and obviously does no homework! Read Bear! They have acquired a $22mm Company with revenues! Geez!
I think the 8k for JD will be released next week as they have until Friday to report the financials if my math is correct (71 days). I don't think they are avoiding just busy!
Also they will have to pay market price for the stock purchased in the open market. This will reduce the float and have an impact on price. Don't think they can start buying until four days after the 8k is released though and why it has not been announced yet. They have to officially announce the buy back to the SEC through the public filing.
Done! Have a great day all!
As real as they come! It is no wonder the Company wants to move onto the Big Boards, to get away from the negative stigma of being on OTC Markets, as all are viewed negatively, without cause, swimming with parasitic companies that have greed and malice at heart, therefore guilty by association. :)
I know we will not be disappointed! This Company delivers on what they announce!
All good news, and glad you know the regs! The Company as I understand substantially modified the purchase and sale agreement on the 21st of March, was not just an amendment but effectively a new agreement (ownership structure and major changes to collateral).
From what I have read, they are planning to issue an 8k with consolidated financials of the acquisition, within the time period allowed.
The Company acquired 100% of JD Field Services, so the deal is done and NASV has full access to the cash flows, thus operating capital.
You really need to do more in depth research as you obviously only have bits and pieces of this Company's story. Not disrespecting your research to date, but the more you understand, the more I think you will like this Company. Executives waived pay until up listing is complete (look at 10K which includes no back pay for Executives! Waved!).
Wish more of my investments in penny stocks where like this one!
Yes, it's called buy a $22mm Company with cash flow! :)
Yes they have to complete two years of audits and have 72 days to do so. The original agreement changed on March 21 for JD Field Services so the clock is from that date. They also announced that they brought one of the Managers from the Company to the Board of Directors. So within 72 days they will have to produce the financials. Same is true for all new acquisitions.
26-Mar-2014
Entry into a Material Definitive Agreement, Change in Directors
Item 1.01 Addendum to Material Definitive Agreement
On March 21, 2014, the Company signed an addendum to their Purchase and Sale Agreement with JD Field Services (dated on February 24, 2014), whereby the Company changed certain provisions within the PSA. The original PSA left a 6 month "unwinding" provision should NAS not be able to achieve its benchmarks in uplifting and repayment of JD debt in the course of 270 days. We have amended this position to the following:
? NAS shall pay or assume all outstanding debt of JD Field Services. Payment on debt held by JD Field Services where the Sellers have executed personal guarantees shall be given priority over other non-priority debts, and payments on such personally guaranteed debt will be accelerated if NAS or JD Field Services profits are sufficient to do so.
? Each Seller of JD Field Services shall receive six percent (6%) of the outstanding common stock of NAS, constituting approximately six percent (6%) each of the total equity of NAS, but not requiring any fractional shares, or approximately fifty-nine million (59,000,000) shares each.
? NAS shall provide to JD Field Services a Power of Attorney representing voting rights and control over approximately eighteen percent (18%) of the equity interests in NAS; holding in reserve, one hundred fifty two million (152,000,000) shares of NAS Class A Common Stock to be representative of this Interest.
? NAS shall pay any broker's commission associated with the purchase of JD Field Services interests, up to five hundred thousand dollars ($500,000.00). NAS shall pay any remaining broker's commissions.
Section 5 - Corporate Governance and Management
Item 5.02. Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On March 10, 2013, the Company elected Jason Jensen as Board of Director Member, as a part of the Purchase and Sale Agreement with JD Field Services consummated on February 24, 2014. He is currently the General Manager of JD Field services, an oil field services company located in Vernal, UT since its inception in 1999. He has been in the oil field and roustabout services industry for over 20 years. He graduated from Uinta Basin Area Tech College in 1991.
Definitely this one is the real deal! No pump and dump here folks!
Let's wait and see then! Ok!
Probably not! Not a follower so they are not aware of the truth, just like the rush of gossip and soiled diapers!
You know, I enjoy good solid investigations on this Board, but you seem to now start jumping to conclusions without evidence, which is wrong! If you are going to post here, stop drawing conclusions before you really know what you are posting or talking about! You would gain allot more respect! We can get here say anywhere!
You do not know the specifics of why the deal did not go through, I am sure for every one that didn't close, three others did! You have no basis for your insinuations (which apparently you are calling Wellington a sham). I am sure you will pay for your ignorance! I know I wouldn't want to be on their bad side, which you are now on! www.wellingtonshields.com/
Good luck!
Great post BW! Thank you for the news. I understand why regulations are getting tougher for OTC Companies as there are allot of scammers that are on the exchange, and we shareholders, specially small investors trading on the market, fall prey to pump and dump schemes every day. I have witnessed this time and again over my 30 years of investing.
I have been following NASV for some time now and have to attest to the fact that they are the real deal!
The next few weeks,I am sure, will prove this as eluded to in the last PR with another acquisition (or two)being announced. They are executing on what they have told us so far!
Thanks again for the info!
I was the one who spoke to Mr. Briggs, they are developing what he called a "Super site" and will be Investor friendly. I also think they are working hard on closing another Acquisition as I asked about it (and was mentioned in last PR) but he wouldn't answer stating he was not allowed to! This tells me they are close!! Just my opinion but something big is up!
This stock doesn't need a pump; just more Investors and time.
Can't believe someone would sell in the $.03's! Obviously short sighted day traders!
Wow! 1 to 2 New Acquisitions in the very near future?? I like it! I am holding this one!
Very interesting article I found about domestic Oil and Gas growth:
http://www.growthstockwire.com/3737/these-booming-oil-stocks-still-have-50-upside-potential
This puts NASV in a huge growth market for years to come!