NSAV Holding Inc (NSAV)

[shotsky]

First of all, the 'no reverse split' is a red herring. Reverse splits are called by the company by changes in the articles of incorporation. That is a completely company-oriented change. There are no 'rules' that say a company can't change its articles of incorporation.
The point being that the articles of incorporation can be changed AT ANY TINE by the directors of the company, and that 10-year rule could hit the dustbin at any time. There is no rule that they can't change it. There is no rule that they can't do a RS.
This was fluff for shareholders, and if you BELIEVE it means something, you are wrong. It is meant as fodder for shareholders, nothing more. It cannot be enforced.
Besides, JT made this filing years ago, but people act like it's new. It's not. They use it as a carrot for shareholders, NOTHING MORE. They can change it at any time.