NSAV Holding Inc (NSAV)

[Dolly Llama]

To help clear up any confusion over whether the upcoming Q2 quarterly report will be audited and released early I created a transcript of several passages from the June 20th podcast. To me it appears that the report will be released on time with no extension, and will not be audited. The audit mentioned in the podcast refers to something else. I think this was the source of the misunderstanding. Hope this helps.

At 25:01 into the podcast the moderator is talking with NSAV CEO Kevin Simon:

Moderator: "Do you plan on updating OTC Markets' NSAV page with Kevin replacing Tilton and removing the others that don't have roles in the Company anymore?

Kevin: "Yes. So we are already in the process of doing this, actually. And as a matter of fact, DTC's last question was, 'Please provide us with the resignations of all the officers and directors who are no longer involved with this company.' So this information was supplied to them on Tuesday and today."

At 31:27 into the podcast:

Moderator: "The other question is going back into the DTC thing. People are asking, 'Is DTC happening? When is the expected CertiK audit happening? Both are good stand-alone PR options as we still wait for token project launches.' I think we just addressed the token project launches."

Kevin: "Yeah. So we just addressed this above. But basically to recap, DTC requested on Tuesday the resignations of all the officers and directors who are no longer involved in this company. That information was provided on Tuesday, and we completed that today. We don't expect DTC to have any further questions. The CertiK audit will be finished days before Q2, and the Company constantly has PR because the Company is continuing to grow."

Moderator: "So the CertiK: I know that a lot of you guys, uh... I shouldn't say a lot, but a few of you guys have a pretty good understanding of what's going on with CertiK. And, uh.. for those of you that don't, the CertiK audit is a private audit that audits the smart contracts. In an exchanges version it's going to audit the smart contracts, it's going to audit the tokens, it's going to audit the number of users, it's going to audit the reserve and supply if [inaudible] anyone has any. In this case, as we discussed last week, we don't need to have a reserve because there is no leverage, no margin, and the exchange does not use customer funds for any purpose. The funds are the customer's. They can move them. They can burn them. They can do whatever they want with them. It's theirs. So the CertiK audit is just going to substantiate that and verify that, and it's going to slap a grade on it out of 100, and say 'Okay, these guys that meet the provision of a risk/reward, so that's going to be done."

Then at 40:20 into the podcast:

Moderator: "Will the Q2 financials be released early?"

Kevin: "They will be released on time with no extension."

https://soundcloud.com/the-alley-news/the-alley-cat-podcast-episode-2