InvestorsHub Logo
Followers 14
Posts 1354
Boards Moderated 0
Alias Born 07/12/2010

Re: None

Thursday, 06/10/2021 9:36:42 AM

Thursday, June 10, 2021 9:36:42 AM

Post# of 220774
NSAV Tweets!!!

Good Morning all loyal NSAV shareholders and others.

I have received quite a few messages about the Regulation A offering that was initially filed 3 weeks ago today and refiled yesterday. I believe there are some misunderstandings that I would like to clear up. https://twitter.com/nsavtech/status/1402974577853087746?s=21

But first, I want to make it very clear, no shares have been sold in the Reg A offering, no shares have been issued and the neither the outstanding shares or the public float has increased. Not by a single share. That is the critical point that I want to stress. https://twitter.com/nsavtech/status/1402975233078960132?s=21

When NSAV filed the initial Reg A statement with the SEC 3 weeks ago today, the SEC allows in a initial statement, a broad price range of $2.00 for stocks priced under $10.00. Our securities attorney recommended a price range of .01 to .25 for the initial statement. https://twitter.com/nsavtech/status/1402975928687513601?s=21

13 days ago, the SEC sent a letter, which is standard, asking NSAV to request the offering to be qualified and submit a final offering price (which can be amended at any time) and at least one state that the Reg A has been registered in, so the SEC can approve the offering. https://twitter.com/nsavtech/status/1402976742734708740?s=21

We chose to register the offering in New York, as that is one of the easier states to register in, as it is effective upon filing according to our attorney. Again, even if the Reg A is sold to only overseas (Chinese, ect.) investors, it still must be registered in 1 U.S. state. https://twitter.com/nsavtech/status/1402977361528819720?s=21

Therefore, by registering the Reg A in New York, the SEC can continue with there review of NSAV's offering. The Reg A can not be approved without it being registered in 1 U.S. state. https://twitter.com/nsavtech/status/1402977826912059392?s=21

Again, besides registering in 1 U.S. state, the SEC requires a final price for the offering document, even if not a single share is sold at that price. After discussions with our attorney, we decided that setting a final price of .25 or even .05 might look unrealistic. https://twitter.com/nsavtech/status/1402978511766265858?s=21

The goal was to get the Reg A final document back to the SEC immediately, so they can continue the review and qualify (approve it) it as soon as possible. https://twitter.com/nsavtech/status/1402979036318547971?s=21

We looked at the NSAV share price over the past few weeks, where the low price was .0051 and it was decided to set the final offering price for the Reg A document submitted to the SEC at .00675 . Again, NSAV is not obligated to sell a single share at that price. https://twitter.com/nsavtech/status/1402979606819328007?s=21

Upon approval of the NSAV Reg A by the SEC, which could take up to 3 or 4 months, NSAV can amend the offering price to reflect the current market conditions of NSAV stock. This is very important for all NSAV shareholders to understand. https://twitter.com/nsavtech/status/1402980116989313036?s=21

What is also very important for all NSAV shareholders to understand is that while the offering price may have been amended to be more realistic to the current market price, the amount of shares did not change in yesterday's amended Reg A filing. It is still 80 million shares only https://twitter.com/nsavtech/status/1402980642439131139?s=21

The initial or preliminary Reg A filing 3 weeks ago was 80 million shares at a high if .25 per share for a maximum offering total of $20 million. The 80 million shares hasn't changed. That is very important. https://twitter.com/nsavtech/status/1402981098284412936?s=21

I know many of our detractors will scream dilution to frighten loyal NSAV shareholders to sell their shares. This is far from the truth. 80 million shares makes up 1.25 percent of the company's total outstanding shares. That is hardly substantial dilution or dilution at all. https://twitter.com/nsavtech/status/1402981800901705731?s=21

In addition and very important, NSAV's A/S (authorized shares) have not been increased at all, not by a single shares. As most of you know, NSAV's authorized shares have been basically maxed out for a long time. https://twitter.com/nsavtech/status/1402982237461573636?s=21

The conclusion is, if the 80 million shares, the total offered in the Reg A are sold, that would add only 1.25 percent to the total shares and the authorized shares have not been increased by a single share. Those are the facts loyal shareholders. https://twitter.com/nsavtech/status/1402982771442610180?s=21