NSAV Holding Inc (NSAV)

[BeachBum]

They stated no such thing. There would be no grounds for suit if they implemented a reverse split. No opinion one way or the other on my part.

As I understand the press release, they don't foresee a reverse split being a viable option in the upcoming year but they "RESERVE THE RIGHT TO INCLUDE...IF ALL.....". Read

[/"I wanted to address the significant concern that has been raised among many of our shareholders with respect to a restructuring of the company via a reverse split option," said Baritz. "NASV does not see a reverse split as a viable option for us for the foreseeable future in the upcoming year," he said. Mr. Baritz continued, "We recognize the challenges that we have, and I feel that our best strategy would incorporate a policy of returning equity to the company by using various merger and acquisition opportunities that we are currently entertaining to create revenue and profits for NSAV, in lieu of a restructuring model via a reverse split of the current share structure. Although NSAV would always reserve the right to include a reverse split as an available option, its use would only be used if all other options and resources were exhausted," Baritz said.quote]