Replies to post #119620 on NSAV Holding Inc (NSAV)

[Major Profits]

I think you were correct the first time. From what I've read, a REVERSE MERGER (aka Reverse Takeover) is when a PRIVATE company mergers with a PUBLIC company and avoids the usual red tape and cost of going PUBLIC by themselves. NSAV is a PUBLIC company. A POS public company(CONpany?) but PUBLIC nonetheless.

I'm going by the following. (But correct me if I'm wrong and please post a link to where you got your info from if it is).

https://www.investopedia.com/articles/stocks/09/introduction-reverse-mergers.asp

In a reverse merger, investors of the private company acquire a majority of the shares of a public shell company, which is then combined with the purchasing entity. Investment banks and financial institutions typically use shell companies as vehicles to complete these deals. These simple shell companies can be registered with the Securities and Exchange Commission (SEC) on the front end (prior to the deal), making the registration process relatively straightforward and less expensive. To consummate the deal, the private company trades shares with the public shell in exchange for the shell's stock, transforming the acquirer into a public company.

Hmmm, come to think of it a reverse merger is something I don't think "Sneaky J" Tilton has ever PRed about so maybe there is still a sliver of hope here for another short-term PUMP. ;-)

"Hope springs eternal in pennyland"-Janice Shell

https://www.mint.com/expert-interview-timothy-sykes-penny-stocks

"Ninety-nine percent of the civilized world hates penny stocks, because 99% of penny stocks are scams or are destined to fail."-Timothy Sykes

good luck

P.S. "Sneaky J" Tilton. Carrot dangler.