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Re: Davidio2 post# 202158

Wednesday, 05/18/2022 1:36:19 PM

Wednesday, May 18, 2022 1:36:19 PM

Post# of 227253
The additional shares in the AS are to guarantee convertible loans can be paid with shares. NSAV lives by using convertible loans to keep the doors open. They are usually due within one year and they are worth about half of the current share price.
It is illegal to take out a convertible loan without having the shares in the AS to convert them. So, the shares had to be added because there were not enough shares left in the AS to support their way of business.
It will remain like this until NSAV makes enough money to pay off its loans with cash.
There will be no buyback for the foreseeable future. You don't buy back shares with borrowed money and then give them back at half price.