Wednesday, October 22, 2014 10:02:36 PM
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=fnF7N9%252fEMyX2gcghJtv3CA%253d%253d&CorpName=NUSTATE+ENERGY+HOLDINGS%2c+INC.
On March 12, 2014 a Court Order Settlement of $2,500,000 by NuState to Stephen Hicks, the manager of ASC Recap LLC, allows for as many Authorized Shares as necessary to satisfy the Settlement.
NOTE: Stephen Hicks is a notorious loan shark who will wantonly dilute NSEH without regard for shareholder losses....and he has the authority of the Court to do so. At a PPS average between .0005 to .0015 it would require 2.5 BILLION shares to satisfy the Court Judgement.
A Court Order is superior to all other commitments or arrangements by NSEH.
http://www.sec.gov/Archives/edgar/data/1082733/000101905614000510/ex_10.htm
Excerpts:
c. Upon Court approval of this Stipulation and entry of the Order, the shares will be exempt from registration under the Securities Act and issuable without any restrictive legend;
d. The Company has reserved from its duly authorized capital stock a number of shares of Common Stock at least equal to the number of shares that could be issued pursuant to the terms of the Order;
e. If at any time it appears reasonably likely that there may be insufficient authorized shares to fully comply with the Order, Company shall promptly increase its authorized shares to ensure its ability to timely comply with the Order;
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
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