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Breach of Contract 2016 about to become Breach of Fiduciary Duty 2024, opposing CRO to manage business, audit assets/liabilities & protect value while blaming legal judgment for no licenses, apps, or execution on chat rooms must stop.$NSAV
— Vik Grover (@vikpgrover) September 26, 2024
Joint Status Report:just hit the court docket:
https://storage.courtlistener.com/recap/gov.uscourts.ilnd.407373/gov.uscourts.ilnd.407373.222.0.pdf
No mention of a merger in this latest letter.. His 9/11 letter mentioned being "in the middle of an acquisition process" but it appears restructuring of the debt has to be completed first. At least it appears SOMETHING is happening.
We are sharing a letter from our CEO, Antonio, that we believe may be of interest to you. Check the attached image for the full message. Stay informed and thank you for your continued support! $IGEX #Shareholders #OTCMarkets #CEOMessage pic.twitter.com/Zy2l4TYCIx
— $IGEX The Mineral Company (@IGEX_Official) September 19, 2024
Update from the NSAV CEO:
https://www.thealley.io/group/net-savings-link-inc-nsav/discussion
NSAV CEO posted on thealley.io that he will have updates tomorrow once he gets the ok to discuss. Could be interesting.
Nice upswing on the NSAV PPS. Printed a few 29's and 30 is on the ask. News?
Is a quiet Vik a good thing or a bad thing for NSAV? Still no further entries on the court docket for Grover v. Net Savings Link, Inc since Sept 12.
It sounds promising but the big question is whether the judge will give them more time to settle. They were supposed to file a joint status report yesterday and we don’t know if they complied. I only know there’s nothing new posted on docket entry page since 9/12/24.
Not sure if I saw this Vik tweet posted on iHub or not today so I'm posting it tonight. He sure has a lot of settlement requirements!
Vik Grover
@vikpgrover
Settlement requires open investor chat rooms, remove bad actors, full access for CRO to books/records, engage auditor, potential restate revs f/illiquid tokens made by affiliates, proof Alpine will deposit/clear stock, settlement with TA, Pref A control shares, cash.
$NSAV
Vik Grover
@vikpgrover
·
8h
$NSAV to clarify, these are my requirements/wishes and it is in the hands of the lawyers today.
Settlement requires open investor chat rooms, remove bad actors, full access for CRO to books/records, engage auditor, potential restate revs f/illiquid tokens made by affiliates, proof Alpine will deposit/clear stock, settlement with TA, Pref A control shares, cash.$NSAV
— Vik Grover (@vikpgrover) September 12, 2024
This is the direct link on thealley.io that I use.
https://www.thealley.io/thealleycatpodcast
?? I watched it an hour ago.
Today's NSAVx tech AMA has been posted:
https://www.thealley.io/thealleycatpodcast
Some big trades happening on NSAV so far today. In the last few minutes, there have been 5 trades between 1M and 3.8M shares each.
On discord, at 6:24 EST, our CEO said that because the legal situation is very fluid right now, they've been advised to minimize communications. He said there will be no AMA tonight and no further AMA's until the next phase of NSAV's response is complete.
Wow, quite a dump fest going on right now. Hopefully, NSAV recovers by EOD.
Unfortunately, none of this is helping the NSAV PPS so far. Still stuck around 29 for the last hour. No idea where the PPS might close today.
Agree. I like the judge. Others said she was negative toward NSAV but today her anger was mainly directed to Grover's side. NSAV provided 1800 pages of documents since the last hearing based on plaintiff's request but they still want more! NSAV said Grover's lawyer was a no-show for an agreed Aug 26 meeting.
Yes, she just scolded the plaintiff. She said she won't read any more filings. She wants to see a one page summary of any negotiations. She likes the idea of assigning an escrow agent to determine crypto value, etc. but has not taken that action yet.
I'm dialed in right now. So far it sounds like little will happen today. They're still haggling about info provided to plaintiff and they've already scheduled some follow stuff for 10/4 I believe. NSAV lawyer just said they are very interested in settling. Judge seems very reasonable and not antagonistic to NSAV.
You'll have to read all the relevant posts for the last several days/weeks. Somebody posted the legal papers but I don't recall who.
You are BOLD, man! Certainly, an opportunity to follow that old Warren Buffett rule: be greedy when others are fearful but be fearful when others are greedy. Good luck!
That caught my eye too. Perhaps the outcome today will not be as definitive as some people think. Or maybe those labels don't mean all that much. We should find out soon!
Note that Grover vs NSAV is only scheduled for a half hour. I guess the judge thinks this will be fairly quick. See the court schedule below (times are CST):
Case # Name Time Type
1:21-cv-05054 Grover v. Net Savings Link, Inc. 09:00AM Status Hearing
1:22-cv-06294 SkyBitz Tank Monitoring Corporation v. F... 09:30AM Status Hearing
1:10-cr-00741 USA v. Williams 10:00AM Revocation Superv Rls-Fin...
1:22-cr-00059 USA v. Clark 10:00AM Status Hearing
1:23-cr-00460 USA v. O'Bryant 11:00AM Sentencing
10AM EST today. Dial in details can be found on a few earlier posts.
All this chatter about NSAV legal woes has kept it in the top 10 most read boards on iHub (#8 right now) plus #3 on TheLion.com most searches list. Not sure that's a good thing in this case though... GLTA, especially after today's hearing.
I have to wonder how this DTC-eligible change would be affecting the NSAV PPS if these nasty legal problems were not in play. Maybe we'll find out eventually...
From twitter:
Good morning $NSAV shareholders. We are getting many questions as to why the number of shares held at DTC is going up daily on OTC Markets website and what does this mean. This has nothing to do with any new shares being issued. This is simply to do with the shares that were in the public float, but not in the DTC system (as NSAV was not DTC Eligible), now being placed in the DTC system. As there are many brokerage firms involved, this could take time, but has no relevance in terms of the share price or trading and should be of no concern to our shareholders. Thank you.
We almost exited the 3's today even with all the handwringing about the legal issues. Up ~10%. Not bad, NSAV. Not bad at all.
I may have worded my post poorly. What seemed interesting was not ALPS selling shares but the appearance of ALPS NSAV's Level 2. I don't recall seeing ALPS on NSAV nor any of the tickers I regularly monitor but I certainly could have missed it. Sorry for any confusion.
Interesting to see MM ALPS selling shares but not on the bid. I don't recall seeing them trading NSAV before but I certainly could have not noticed. I assume it's Alpine Securities. Just an observation and possibly means nothing at all. At least we're green so far today!
Our CEO on the discord channel stated that NSAV is now DTC eligible. Great news! Also posted on thealley.io
Some nice sized buys coming in near EOD. NSAV is still alive!
Nice movement today. Up 25% on volume of 145K shares after the first hour of trading.
Yes, 11B income, a podcast, and a PR but the PPS is still struggling so far today. As somebody mentioned, it could be some dumping prior to the upcoming court activities but it could also be some sell-the-news profit-taking from those who bought shares in the 3's just a week ago. Let's see how it plays out...