Monday, August 25, 2014 5:22:27 PM
I believe the dilution is finally over. I also believe NSAV is now debt free. According to this 8-K this was suppose to happen within 24 hours of closing and it hadn't taken place yet at the time of this 8-k filing. I believe this is what we all seen take place for the past couple of weeks. See Below;
ITEM 2.01 COMPLETION OF ACQUISTION OR DISPOSITION OF ASSETS.
On about June 18, 2014, we entered into an agreement with Global Distribution Inc. a New York corporation ("GDI"); David Saltrelli and Peter Schuster, holders of all of the issued and outstanding shares of our Series A preferred stock; and, Steven Baritz, the sole shareholder of GDI, wherein Steven Baritz acquired all of the issued and outstanding shares of our Series A preferred stock (1,500,000 shares) from David Saltrelli and Peter Schuster in exchange for Baritz transferring all of the issued and outstanding shares of common stock of GDI to us. Each share of Series A preferred stock has 1,000 votes. Upon completion of the aforementioned transaction, David Saltrelli and Peter Schuster, will continue to own 7,200,000 shares of our common stock and in the event of any action which causes a reduction in said shares, we will issue additional shares of common stock to David Saltrelli and Peter Schuster in order to maintain their ownership in 7,200,000 shares of our common stock. David Saltrelli and Peter Schuster have delivered the Series A preferred shares to Baritz and Baritz has delivered the shares of common stock of GDI to us. Further, outstanding balances owed to our auditor, attorney, Asher Enterprises, and Pacific Stock Transfer will be paid within 24 hours of closing. As of the date hereof, said amounts have not been paid.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10062785
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