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Friday, February 08, 2013 1:50:17 PM
The company is in the midst of raising funding, but that funding would involve restricted shares (can't be sold into the market for at least another 6 months-1 year). He said the company is focusing on the Incentive Market niche ie "Test drive a car and receive $1000 dollars in savings at Costco"(this was the example he gave me). The car dealer wins, the customer wins and the company (NSAV wins)...he was very excited about the incentive market. He discussed some numbers..company making a million dollars would result in NSAV making about 300k profit. He threw out some more numbers, but just giving a flavor of what he discussed. It appears NSAV is ready to roll something out when this last batch of CD's are done. If like the CEO anticipated/hoped the last $50k will "blow that out in a few days", then expect a PR on NSAV soon thereafter.
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