NSAV Holding Inc (NSAV)

[Major Profits]

Well, I agree with this.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131867228

Under Capitalization
If a subsidiary is under capitalized–if it is insolvent from its inception and has no assets whatsoever, that may be grounds for piercing the corporate veil. For example in Garden City Co. v Burden, a corporation owned an irrigation canal and its subsidiary that had no assets was responsible for operating and maintaining the canal. When the canal flooded, plaintiffs successfully sued the parent corporation. The Court held that because the operating company had no assets and owned no property it would be inequitable to allow the parent company to escape liability under the pretext of the separate identity of two corporations.