The KBM loans have never been paid. They are not new loans. The longer they are not paid the more money NSAV will owe. And what management type of a company will willing let you know your being screwed by his buddies. Of course they will tell you exciting things are coming up while they bank your money to pay themselves..
Please read the last Information Statement!
We have no plans, proposals or arrangements to issue any preferred stock. With respect to our common stock, however, from the 6,950,162,592 authorized but unissued shares of common stock available for issuance, we are obligated to convert the outstanding indebtedness owed to Asher Enterprises, Inc. ("Asher") into restricted shares of our common stock at the election of Asher. Currently we are indebted to Asher in the amount of $71,500. If the foregoing is converted into shares of common stock, we would be obligated to issue up to 1,220,086,000 restricted shares of common stock to Asher. As of the date hereof, Asher has not elected to convert any of the foregoing debt to shares of common stock.
We are also obligated to convert the outstanding indebtedness owed to KBM Worldwide, Inc., a New York corporation ("KBM") into restricted shares of our common stock at the election of KBM. Currently we are indebted to KBM in the amount of $215,000. If the foregoing is converted into shares of common stock, we would be obligated to issue up to approximately 4,750,000,000 restricted shares of common stock to KBM. As of the date hereof, Asher has not elected to convert any of the foregoing debt to shares of common stock.
