NSAV Holding Inc (NSAV)

[shotsky]

Let's see - I've had this stock since 2017, and have seen literally dozens of 'deals' go down. NSAV buys into companies using common stock and preferred stock. They have not 'bought' a single thing with money because they don't HAVE any money and never have had.
Now, Chinese are running NSAV, paying themselves a quarter million a year in preferred stock while diluting the common shares to the maximum permittable.
And somehow, this relates to 'putting the right things into place'?
Although NSAV claims millions in assets, those are simply the numbers they set on the acquisitions. They are meaningless - they can't 'get that money back'.
A better view of things is that NSAV exists on borrowed money paid back with shares at a huge discount. That means one of two things:
1. Increase the AS so they can continue to do as they have done for the last 6 years,
2. File bankruptcy, in which the preferred shares will be paid first, and the common shares will be what's left, if anything. Forget about those 'assets' - they are fictitious.
In the meantime, our shares become ever more devalued...