Friday, February 16, 2018 5:37:02 PM
CRESCO, PA--(Marketwired - Aug 27, 2017) - NSAV Holding, Inc. (OTC PINK: NSAV), announced today that the record date for its recently declared stock dividend of 20% of its subsidiary, Hemp Beer Inc. has been changed to September 8, 2017 from the previously announced date of August 30, 2017. The change assures the dividend record date is consistent with FINRA notice requirements. The dividend payment date has been changed to September 22, 2017 from the previously announced date of September 13, 2017 accordingly. The ex-dividend date, which was to be tomorrow, August 28, 2017 will now be September 7, 2017. NSAV plans to file the required notification form with FINRA on Tuesday, August 29, 2017, which is in compliance with the 10 day notification period.
I found no such notification for that time period that matches the above PR. There is mention of it in the quarterly report but with the original dates. That's one problem. The second issue is that it is not the record date which determines who get the dividends, but on the ex-dividend date. So, if you OWNED NSAV shares at market open on September 7, you would be eligible for the dividend. Then there's the TA, and whether they got it recorded at that time.
Lastly, if CHIF ups its AS and distributes shares to NSAV and us, that is dilution, so their current price is likely to drop. There are only about 14M shares in the OS now, and will be 64M after this deal. I don't see how it can hold it's share price of $.06 with that dilution.
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