In response to JW.
NSHV has been shorted and NSHV is dealing with the situation. You just can't have MMs sitting on the ask that are not on the bid for well over a month. The question is who is shorting and where are the MMS getting the shares they continue to sell?
The 2 previous shell owners, Alpaca Enterprises Ltd. and Neuroscience Therapy Corp. both bit the dust so the shorters think that Nashville Records, Inc. will follow and they will never have to cover. BUT that ain't gonna happen!
NSHV increased the AS shares to 500M of which 200,000 are in the company treasury and restricted. There are 250,000 OS shares held by Gene, his family and other NSHV insiders. That leaves 50M shares left. NPYC was issued 33M shares in exchange for their shell. Gene Sibbett is/has purchased 15M of those shares from Robert Munro to stop him from dumping them into the market. So that leaves 35M shares. Most of those shares have already traded into the accounts of long term investors. A request for a NOBO list, compared against the TA list would reveal the true share count and that might be a necessary step to resolve this.
That is not dilution as the company has not sold any shares.
05/17/07
The Company has paid in full the distribution firm for the upcoming Christmas Compilation Album, which features 16 artists. The album is near completion and will be distributed in major markets over the next four Christmas seasons and possibly beyond. Placement will complete by July and will be available for sale in November of 2007.
The expenses for the Xmas album have been paid and the company does not need to use their 200M shares in their treasury for funding, or collateral on loans, lines of credit or to sell into the float.
05/18/07
The Company President signed a $1.0 million term sheet.
For those not familiar with a term sheet, it is usually made by an investor, an investment firm, or capital provider. Here, our CEO, Gene Sibbett is putting up $1,000,000 of his own money as he knows where NSHV is going. This allows the company to remain debt free and removes the need for equity financing thus further removing the need for any dilution.
05/21/07
The Company engaged its Corporate Finance Consultant to commence interviews with potential SEC accredited certified public accountants for the purpose of preparing audits preliminary to the Company's filing Form 10-SB, for listing on the Bulletin Board, which is targeted for the end of calendar 2007 or first quarter 2008.
The company website is under construction and when finished will allow Nashville Records to sell music downloads creating another source of revenue.
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