Replies to post #66465 on DD Support Board and Research Team

[cyberbullymouse]

Sounds great! Where do I buy?

[samsamsamiam]

but wouldn't you like and pump it if you were a convertible note holder in the company? No disclosure in his posts I might add as to who he is when he arrived on IHUB. convertible note holders pumping their own stock are huge red flags! especially without a disclosure and pumping around the time their note was coming due - tsk tsk

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101404355

[integral]

I was getting around to that:

but the more you understand, the more I think you will like this Company.

There's not much of anything to like about this company. Noted you did not address Integral's comment:

Quote:
CEO and CFO are accruing salaries due to lack of funds, and the cash flow statement is bare...so is the balance sheet.


The cash flow is negative. As for your reply:

Quote:
Executives waived pay until up listing

Yes they "forgave" the accrued wages.


In cash terms that's correct. However they are accruing salaries through the usual microcap game of grabbing a tons of shares now, so as to dump later: (Yes, I see that share grab. It is a play on mechanics and illusion to shareholders.)

Quote:
On July 23, 2013, the Company issued 102,000,000 shares of restricted common stock in consideration for services rendered by the Board of Directors of the Company. The services were valued at $81,600 or $0.0008 per share


They seem to be taking turns, surviving until they can start dumping.

From the 10K is one suppose to be excited about $17K in assets, with 615M shares issued, and a YOY increase of issued shares +83%?

So the excitement is what - JD field services?

Quote:
The Company acquired 100% of JD Field Services, so the deal is done and NASV has full access to the cash flows, thus operating capital.


The 10K tells you JD has $19M in assets, and -$14M in debt against those assets (equipment). The assets will depreciate in value, the debt will not. (That is not audited, curious to see what assets will be impaired, what assets will be re-adjusted for fair valuation, not implied. Also, cash flow will probably present differently, and just thinking about cash withdraws. All private companies have them, just wondering how they will account for them)

What is the revenue, and more importantly the net profit? The NASV announcement of the acquisition, as does the 10K says $24M. A Utah business site "Manta" states $5M-$10M. What's the profit against those revenues? The NASV 10K claims $3M, and then tells you the operating cash flow, which you reference as "operating capital" is -$404K. Yes, NASV has full access to added negative cash flow. (Ill be looking for deferred revenue, and what actually is capitalized and expensed. Ill bet if it is auditable, will present quite differently if it is audited than what the company presents here.)

What's that... NASV claims it's pumping money into JD to make it profitable? Given the NASV balance sheet is red, and the JD balance sheet was red, where is this money to come from? It comes from the usual source for microcaps - stock issuance. This critter is headed for at least a 1B share issuance in the coming year.

Thus far, you have a company engaged in setting up a massive stock dilution. A company with a negative cash flow, needing a story to get the herd excited to buy their stock. Their solution was to buy another company with a negative cash flow - with stock of course. The more one looks at this company the less there is to "like".