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Tuesday, June 22, 2021 5:32:17 PM
Holding companies don't make anything, they get a cut of the profit.
Reverse mergers are for private companies to go public without having an IPO. Generally, it is a clean, available public shell company, which is basically simply existing.
Here is more on shell companies.
Shell companies for sale
NSAV is NOT a shell company, it is a holding company with interest (partial ownership) of other companies. The goal is for the held companies to make profit, after which NSAV would take a cut of that profit.
The ONLY income NSAV will see is if those companies become profitable. Meanwhile, it is hemorrhaging cash for trivial press releases like talking at a stupid private conference and changes in the articles of incorporation, etc. None of that is good for a press release, it is ok for Twitter, but that is no expense. PR's cost money.
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