NSAV Holding Inc (NSAV)

[Russ49]

As per the quarterly report dated 8/31. The latest info that we have.

They received $949K, part of which was used to reduce debt. At the end of Aug. they had $473K. In the prior nine months they used $421K for operating activities. That works out to about $47K a month. (Could that be why they borrowed that much from Asher?)
At a burn rate of $47K a month, they will have gone through $235K by the end of this month, leaving $238K. However, I believe there are new expenses to be considered. There are the expenses of paying for new content for the new improved site. There is SEO. And there is advertising. All of which require more cash than they have on hand, thus the need to go out and get more.