I spent a while in this reply to you. Please read it all.
Everything we say has been documented and is straight from filings, PRs, people who talked with the company, tweets, etc. There were 900 people in this stock and they all left. All their posts are listed above. Go see what they said.
Do you know how many shares Yates was given? He was given 5 billion in shares just before the split, then another $600k in shares after split when the stock dropped after split and he couldn't dump his shares before the drop. He also started another company with just him in it and funneled shares over there and gave it to himself for payment for him giving himself advise. SEC should look at that.
Yes I know about interactions they had with the SEC. It is in a filing that the SEC told them that a note from an employee is not a defense.
As far as the shares out: He doesn't have to get an ok for that. He can make the AS whatever he wants. But he has to notify the SEC of it after they change the AS. You do know that in a week and a half he has in a filing that he raised the AS to 10 bil, then 20 bil, then 30 bil. Al in a week and a half.
We are not talking about the company having the best history. It is no crime to do bad. We are talking about laws he broke that the SEC put other CEOs in prison for 20 years for. I would sure hope it isn't the same company it was before. Yates right hand man was a lawyer from Florida that had his license revoked for a year for cheating his clients. And before the court made Yates CEO and owner of the company when he was working there with his buddies and the company ended up in court, their board of directors contained a group of people who were CEOs of other companies. Almost all of them had their company stock suspended by the SEC at one time or another.
What about the company saying they are a major supplier and have been supplying the world automotive industry with parts for a long time, when they have sold nothing and couldn't supply even one part when a shareholder called and wanted to order the product. SEC calls that Fraud and put CEOs in prison for the same thing.
What about when the shareholders had controlling interest in the company and Yates wouldn't say who had controlling interest in the company until he gave himself more shares to get controlling interest back, and changed the way things are done.
What about how things were changed so that no matter how low of a number of shares Yates has he will never have less than 51% of the company voting rights. He could have 1 share and hold controlling interest. SEC would see it otherwise.
What about Mergers he said he had and when the owner of one of the companies was called to ask him about it he said he didn't have a clue who this company or Yates was.
What about this company listing a big firm as their TA, and when the firm was called they said this company was not one of their clients.
What about the visits to Surname (spelled wrong) to do business? The head of the country was the head of the drug cartel, he killed people, and no business was done in the country without the ok of the cartel. Yates went there he said to do automotive business. That country has one main road going through it at that time. The road in the main city ends 1 mile after leaving the city. The have so few roads it isn't worth mentioning.
The SEC views anything a company says in a tweet as binding as if it was said in a PR. Yates said they had a apt for the Ebola virus. When asked by shareholders about it, when he didn't bring it up any more, he said the companies medical team was working on it. This company never had a medical team. At that time for a long time Yates stated in filings that he was the only one in the company. He had a way of saying the board of directors voted this way or that way to do something when he was the only one in the company and the only one on the board.
He said that Williams, a billionaire, bought the company. Williams was the billionaire that built the highways in Texas. That buyout turned out to be not true.
This company never verifies anything they say. Even the analyst say that. Even they said they never verify anything because they can't.
On Yates salary he gives himself. Yahoo Finance lists it at $250,000 a year. Jiggles around a bit.
They said they had a contract with China. Contract said it doesn't become active until NESH sends employees there to show them how the product works. NSEH had no employees to send there and no product. They couldn't even ship one to a shareholder when he wanted to order one. That was constantly brought up about the contract about NSEH employees that they didn't have going to China to activate the contract. This company ignored those questions.
Yates paid $500 a couple times to have PRs put out. In a few of those PRs it says they have 454 employees. Not true. He was the only one in company. I mentioned how they said they were a world supplier of parts to the automotive industry, and supplied them with many parts. The actually sold nothing to anyone. SEC would crush their head for that fraud.
Countless times in filings they said the IRS may not like how they do things. They stated that they haven't paid taxes in something like 7 years. They also stated many times that they are in so bad of shape that they don't have the money to stay in business.
This company has been around for 30 years with no revenue. And during all this time they have kept this as a startup company so they can do things different and don't have to go by all the rules as a normal company. One of them is the CEO and owner doesn't have to file the amount of shares he has. Go look up startup companies at the SEC. The SEC can revoke that privilege at any time if the company takes that privilege for an extended period of time.
You are a little late to the game. This board and about 900 people have talked all about the things this company did. Too many lies. They made the company what it is. They think there is an endless supply of people who will buy their stock. Not true. Penny land has a small amount of investors. NSEH made a bad name for themselves and now no one will touch it. Nothing has changed with a name change.
And give me a break. These guys have no brains at all. They change the name to VISM. Punch that up on the internet. VISM is the name of a company that makes rifle scopes. And there was another company with stock named VISM before this VISM but that company got into some deep water and was either shut down or went out of business. Great pick for a new name for this company. About the 4th or 5th time they changed their name.
You say call the company to find out what is going on. Many shareholders did call the company or talk to them in CCs. Search the board, or look at all their posts listed above. Many of them said that when they talked to the company they could see that they were lying.
How about calling the company and asking them to verify the tings they say. They have never done that.
This company is dead and I hate taking my time posting here. I have stocks to watch. No one spends their time with this anymore. Do as you please. It is your money. But ask them to give proof of what they say.
Everything has been discussed on this board by 900 people and they all left because of the lies. We are not going to take time to rehash things again.
If you post to this post and I don't answer I am not ignoring you. I have stocks to watch.
Only a tip of the ice burg was mentioned. Too much happened here to bring it all up. Through both their shrewdness and ignorance they broke many SEC rules. The SEC ever looks at this and they are done.
Your money, your decision.
Tell them to prove what they say.
Have a good one.
AI
