NSAV Holding Inc (NSAV)

[brojazzy]

Fantastic NSAV DD newbies BEWARE! Veronicafox has so graciously provided great DD for the NSAV shareholders, needs to be sticky'd


Veronicafox Member Level
Sunday, April 30, 2017 12:00:16 PM
Hi there, good morning!

I just looked at the 8-K where Tilton says the BOD has approved the decrease in the Authorized, but I don't see an amendment actually filed with the SOS decreasing the Authorized. To actually amend the articles of incorporation, they need to file an amendment with the Secretary of State in Colorado, if that's their new domicile. I just see two forms filed, neither showing a reduction in shares Authorized. It's possible they filed it late Friday and it will show up on the Colorado SOS site on Monday.

From what I could tell, they owed the Nevada SOS about $6675 in fees which sent them into default in Nevada as of February 2017 - that's probably why they jumped over to the Colorado domicile in March, 2017.

Are they not great at paying their bills? I've included the excepts and a link - do you see anything in Colorado filed with the SOS stating they were decreasing the AS?

This was in their 8-K filed 04/28/17:

formally approved an amendment to the Company’s articles of incorporation, decreasing the Company’s authorized shares of common stock from 10,000,000,000 shares with a par value of $0.001 per share to 6,000,000,000 shares with a par value of $0.001 .

But their new Colorado SOS still shows 10M A/S a/o 03/29/17, and no further amendments filed:

The total number of shares of Common Stock that the corporation shall have authority to issue is ten billion (10,000,000,000) shares. The total number of shares of Series A Preferred Stock the corporation shall have authority to issue is one billion shares. The total number of shares of Series B Preferred Stock the corporation shall have the authority to issue is seven hundred seventy-five million (775,000,000) shares.

https://www.sos.state.co.us/biz/ViewImage.do?fileId=20171251385&masterFileId=20171168922