NSAV Holding Inc (NSAV)

[Russ49]

He has 54 million shares, so he can sell 2 million, use 2.5 million for collateral, and still have 49.5 million left to do with as he wishes. Also, at any time, he and Peter can give themselves more. They have about 200 million issued, and 1 billion authorized. If Southridge sells their shares, then his wouldn't be needed for collateral any longer, so he could sell them. However, he would still be bound by the 1% 90 day rule. In other words, he would have to wait 90 days to sell any more. Under this rule, David and Peter can only sell 8 million per year. One other consideration though is them keeping majority control. They would need to keep 51% of the shares. If they don't, then they have to put everything up for a vote of the shareholders. With 51%, they can do anything they want and just notify the SEC that they are doing it. That means that they need to retain about 50.5 million each. So, they don't have a lot of wiggle room. 54 mil - 2.5 mil. collateral - 50.5 for majority control = 1 mil. he can sell. That's as it stands now. Things may change if they issue themselves more.