Tuesday, May 25, 2021 9:58:56 AM
As far as the dividends, they were free. They were always restricted, as we never did a registration statement for them before they were issued. You knew that and so did everyone else. It was public knowledge.
The divided shares were eligible to be free trading under a 4 (a) 1 exemption after two years from the date of issuance. Almost two years ago.
NSAV has no legal or moral obligation to pay the fees associated with removing the restrictive legend. Find me another OTC company that does.
Many shareholders have freed their shares. Many of those have hired NSAV's attorney, Vic D. (his contact details can be found on our website) to write the legal opinion to free their shares. They paid him $400.00 (a very good price) for the opinion. I have no idea what the TA and broker charges. A 4 (a) 1 exemption, unlike a Rule 144 exemption, is a shareholder exemption, not a company exemption. Therefore, we are not involved.
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