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Replies to post #48307 on NSAV Holding Inc (NSAV)
BeachBum
04/20/15 7:33 PM
#48308 RE: 90 West #48307
7. Subsequent Events During March 2015, the Company issued 207,750,000 shares of common stock for $7,250 of debt and $1,060 of accrued interest, or $0.00004 per share. During March 2015, the Company issued its Chief Executive Officer 1,000,000 shares of Series A preferred stock for accrued wages of $67,000 and repayment of a short-term loan of $2,000. During April 2015, the Company entered into an employment agreement with it Vice President of Operations. The employment agreement provides for an annual salary of $79,000 per year, participation in future stock incentive programs, 1,750,000 share of the Company's Series A preferred stock and the issuance of 10,000,000 shares of the Company's common stock.