NSAV Holding Inc (NSAV)

[shotsky]

First of all, JT is no longer in charge of NSAV. He DOES have three other public companies.
Second, NSAV has NO ASSETS. It does not make anything and it does not sell anything.
I don't think NSAV can do an IPO. It costs money, and NSAV has none. There would be no obligation to compensate NSAV shareholders in any case. NSAV is a holding company and only receives income if one or more of the 'held' companies becomes profitable. So far, that has not happened.
In any event, an IPO is an Initial PUBLIC Offering. That means it would sell (new) shares of the (new) company to anyone wanting to buy them. That would include NSAV shareholders.
You can't sue a public company because you took the risk of purchasing shares in it. Your risk, your money. There are years and years of filings that show how the company has performed for the last 6 years. If you buy shares, you are risking your money. Nuff said.