NSAV Holding Inc (NSAV)

[shotsky]

Regardless of what is actually going on, NSAV's failure to file its fins on time is a disservice to us shareholders. It's not like the date is a surprise to anyone, I can predict the filing dates for the next 5 years right now. There are no surprises about when fins are due.
But failing to file on time is a negative against the company and the shareholders, period. What does that last 5 days buy? Nothing, for a company that is going nowhere to start with. It is a delaying tactic which makes no sense, because 'the truth will out' anyway, so the good/bad news is simply delayed, but the result of the news will be the same, maybe worse because they didn't do it on time.
They waste no time announcing new 'deals' but fail to file their fins on time. What does that tell you? They don't CARE about shareholders. We care about how the company is actually performing, they care about teasing us with new deals. They all have fat salaries (I never made a quarter mill in my life for one year, but these guys ALL make that much.) And, they are paid with preferred shares, which means they get paid before we do. How do YOU feel about being a shareholder for years, but these guys come in and will get paid before we are paid? And when those preferred shares are cashed out, the share price will tank, and we will have whatever is left, if anything.
My comments are because of my long association (5 years) with this company and their complete inability to EVER become successful with literally dozens of deals. For me, though, I got my money out long ago so don't mind sitting on the rest just to see if they can pull one of their deals off. I am very disappointed.