NSAV Holding Inc (NSAV)

[Russ49]

Because it was not a personal loan. Because the company is a stand alone business, they just can't write themselves checks. Things have to be done according to law. That means every time either receive any compensation, a vote has to be taken, and an SEC form filed. Since they hold more than half the shares, they can vote themselves whatever they want, but it still has to be filed. If they don't do everything according to law, they can be found guilty of misappropriating funds or securities fraud, both of which carry harsh penalties. Also, they can't trade stock on insider information. Remember Martha Stewart went to jail for that one along with the CEO of the company of the stock she bought. There are a lot of laws governing this stuff. Any CEO who would risk his personal freedom and financial well being is stupid. That said, there are some that do. To me, it seems David is trying to make this company work. You may not agree with the business model, you may not like the fact that you got stuck in a pump, probably by Cen-1, and it may look funny that all his previous businesses were failures, but that is the way it is. Making mistakes in business is not illegal. In fact, this is America, the land of opportunity, where one can try and fail many times, then become a big success.