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Wednesday, September 13, 2017 3:50:38 PM
http://www.marketwired.com/press-release/nsav-announces-launch-of-medical-cannabis-technology-business-2202416.htm
The new company will be headquartered out of Naomi Village Resort, a sprawling 30 acre resort and spa, located in the world renowned Poconos region of Pennsylvania. Naomi Village Resort is owned and operated by NSAV affiliate, China Food and Beverage Company (OTC: CHIF). CHIF has already announced the intention to convert Naomi Village Resort into a medical cannabis wellness center, dispensary and in time, a medical cannabis testing laboratory and cultivation operation.
Says there that CHIF is our "affiliate". However, I've read that some deal between CHIF and NSAV was rescinded, so maybe it is NOT our affiliate after all. Who the heck really knows?
And as far as Tiger Hemp Beer being our future "subsidiary". Well, isn't JT required to file a form S-1 prior to issuing shares of a new corporation? Just wondering as I've read that he was supposed to. But, again, who the heck knows? Actually, it seems that JT does whatever he wants to. No wonder we're having so much trouble getting our dividends and he's having so much trouble getting NSAV current with the OTC and getting that stop sign removed.
JMOs
https://en.wikipedia.org/wiki/Form_S-1
Form S-1 is an SEC filing used by companies planning on going public to register their securities with the U.S. Securities and Exchange Commission (SEC) as the "registration statement by the Securities Act of 1933". The S-1 contains the basic business and financial information on an issuer with respect to a specific securities offering. Investors may use the prospectus to consider the merits of an offering and make educated investment decisions. A prospectus is one of the main documents used by an investor to research a company prior to an initial public offering (IPO).
$NSAV
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“You can’t trust anyone,” Sykes said. “The companies are trying to get their stock up so they can raise money and stay in business. There is no reliable business model or accurate data, so most penny stocks are scams that are created to enrich insiders.”
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