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Sunday, February 21, 2021 3:35:01 PM
The bottom line from Etrade was that it is up to the COMPANY to change the CUSIP NUMBER (9 digit number) to a TICKER SYMBOL to allow it to be traded.
It means that the cusip is currently not available for us to manually convert into shares. Usually Cusip like this get automatically updated from the company on when it will become available for trading, when that happens it will be updated as sellable (as well as the cusip being updated to the companies ticker symbol).
Either than that though, you can only liquidate it as worthless security/position or wait until the Cusip number gets updated to a tradable security from the company.
Cases like these happens in which the cusip stays for as it is for a long time, then either it became a sellable security. We don't have timeframe though as it would be dependent to the company who issued the cusip.
https://shareholderoppression.com/pay-dividends-to-shareholders
The statute of limitations for both claims based on fiduciary duties and claims based on debt is four years.
Here is the original PR:
https://www.globenewswire.com/news-release/2017/03/31/1252637/0/en/NSAV-Announces-10-Dividend-To-Shareholders.html
According to the following, they were given to shareholders on May 30, 2017:
https://www.dividendinvestor.com/stock-split-history/?no=282938
2017 May 30, 2017 Stock Dividend - Increased Shares 0.9091
To date, Tilton has not changed the CUSIP NUMBER to a TICKER SYMBOL which would allow trading. It is up to the COMPANY to do that.
If no action is taken I have the feeling am SEC/FINRA complaint might be necessary to get Tilton to act on them and/or lawsuits. (Small Claims court might be a good way to obtain some/all money NSAV owes to dividend holders and it's inexpensive to file).
More to come.
P.S. But maybe we're just chit outta luck?

