26. After entering the Contract, Noch has since found out the following: a. That despite the representation that the Common Stock received were freely tradable, this was false. Thew Common Stock received by Noch were unregistereed and not DTC eligible because there existed a DTC Chill and NSAV was not DTC Eligible.
This certainly seems to corroborate the following:
SOURCE: Net Savings Link, Inc January 29, 2015 08:00 ET
"Mr. Baritz also addressed the issue of removing the DTC chill on NSAV that was inherited from the previous management; "We have engaged the services of Pacific Stock Transfer Co. to effect the process of removing the DTC chill, which has clearly been a significant obstacle to the growth of our company." Baritz continued, "We recognize that the removal of the chill is a significant part of our strategy, and we are on pace with our previously released expectations on this matter. We hope to complete the process within the next 45-60 days."
I believe that Tilton has said that NSAV is not "DTC Eligible" but perhaps they were in 2015 and, thus, the reason a "DTC Chill" still seems to be in effect?
My posts are just my OPINION(S) and MUSINGS at the time of posting them and are subject to change.