------------ About the 10-K -------------
I scanned it but didn't bother to read every word.
At the very end of what I am writing here is a personal note from me to everyone.
Keep in mind that the 10-k and 8-k is the only info you are going to get because NSEH just said recently that they are not going to release any information to shareholders or the public any more. They 10-k and 8-k is something they are forced to do.
I talked about the 8-k before. This is about the 10-k.
You might want to read it all. There are some interesting things in it.
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It covers the present and past.
At the start, Yates mentions that there is only 1 person in the company. That would be him. When Scott came on board it always listed at 2, him and Scott. It is back to just 1 again. Scott is named later on as being in the company during the time frame of what the 10-k covers. Scott, as CEO, used to sign all the paperwork. This 10-k is signed by just Yates. Nowhere in the document is Scotts signature. Scott is gone, and it is back to just Yates in the company. So much for that scam Air Cuba that never happened. One lie right after another. (The document says Scott was in the company on June 30, 2017. He most likely was gone right after that. )
Yates was given a life insurance policy of about $480,000 when he started. With all the things he pulled it wouldn't surprise me if he would fake his death and walk away from this a happy man.
The company is $27 mil in debt. Took out loans that were never paid. That is how they lived for 30 years with no revenue.
The document mentions decisions that the board of directors has made. Yates likes to whistle that tune. He is the only one in the company and the only one on the board of directors. He is the one who made those decisions, but he likes to make it sound like a group of people are involved. He does that a lot. Like with the e bola thing he said he had a medical team working on it. He always takes that lying road to pump things when he is the only one in the company.
Yates started in the company with $240,000 a year, and that gets increased every year. He was given 60 million shares of common at that time. He never filed that he had those shares. He doesn't have to. Being a startup company he doesn't have to file what he has. He gets some special privileges of doing things different with the SEC and IRS for always keeping this as a startup company for 30 years.
They claim to have 2.2 billion shares of common now. They have more than that. They paid so many things in shares they don't have a clue what they have and is out there. And they sold shares off market. They just got done dumping about 1.5 billion. And at one time they had no TA. I called the TA they had listed as their TA, and that company said they were not the TA for NSEH and didn't have a clue who NSEH or Yates were. I get that response sometimes when I call to check out things Yates has said. No one knows who he is. Like when he said he was merging with a company, and the company didn't have a clue who he or NSEH was.
Yates gave himself shares for being a consultant to himself. He did it by setting up a bogus company that only he is in and sent the shares there for him as if NSEH hired him from the other company to give himself advise. The SEC, FBI, IRS, and courts call that money laundering and skimming money off a company. At NSEH he was taking a salary and bonuses for being in the company, then paid himself again for doing what he was suppose to do in the company.
Mention is given of other shares that were given to Yates. No mention is made of the 5 billion shares he had Roberton give him when he told her the company owed him that. That transaction is only listed in one or 2 filings in the past. And Yates never filed that he has those shares. He gave himself even more when he tried to cash them out after the RS and they became worthless when the MMs saw the sell coming in and spiked the stock down after the RS when he tried to cash out before the others in commons could get their shares converted and them cash out.
Someone in Florida went to verify the address NSEH has in Florida for the company. That place didn't have a clue who NSEH or Yates were. That is verified by a post I put up from someone in Florida who went to check it out.
The filing doesn't mention when they increased the AS to 10 billion, then a few weeks later increased it to 20 billion. ( I think Yates had someone do the 10-k for him, and it only reveals the info that Yates gave him.) When Roberton did a filing she said in the filing that it was as accurate as she knew with the data she was given.
There is some mention of notes out there. That is just the tip of the ice burg.
The last part of it was done by a CPA, and he states that it doesn't include everything, and is only as accurate as the disclosures that NSEH made to him. He restates what Yates said and refers to it, saying that the company doesn't have the money to keep going and may go out of business because of the massive debt they have.
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A note: The document had links to other documents. I brought just one up. It contained some information that I was looking for for the past for 3 years. I won't mention it. Enough was said about this scam.
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A final note to everyone. There is a lot of money involved in the stock market, and it is a very corrupt place. My advice to you all is, be careful.
I wish you all the best. Even those who called me names.
Have a good one.
