Replies to post #126970 on NSAV Holding Inc (NSAV)

[22gtelite]

They are tradable. They are not differentiated at all from my purchased shares.

The screenshot I attached was for the "Transaction" so to speak of them going into my account. My total holdings for NSAV are the lump sum of my purchase and my dividends. Also, confirmed with my broker last week.

[Freethem]

Are your shares still restricted ?

[Major Profits]

I spoke to a broker with Etrade about them the other day. In a nutshell I was told they are currently WORTHLESS. They are NOT restricted. What needs to be done is get the CUSIP NUMBER (that 9-digit number) changed to a TICKER SYMBOL. It can be done by TILTON!! In other words, the COMPANY must do it.At least that is what I was told.

It means that the cusip is currently not available for us to manually convert into shares. Usually Cusip like this get automatically updated from the company on when it will become available for trading, when that happens it will be updated as sellable (as well as the cusip being updated to the companies ticker symbol).

...you can only liquidate it as worthless security/position or wait until the Cusip number gets updated to a tradable security from the company.

Im afraid that is correct. Cases like these happens in which the cusip stays for as it is for a long time, then either it became a sellable security. We don't have timeframe though as it would be dependent to the company who issued the cusip.

If some were able to change the cusip number to a ticker symjbol without Tilton doing it well, good for them but Etrade can't do it.

Having said that, I stumbled on some tax software that actually has a function that ATTEMPTS to change the CUSIP NUMBER to a TICKER SYMBOL. I have yet to download the software (free trial) but I probably will to try it out. Nothing to lose.

https://support.tradelogsoftware.com/hc/en-us/articles/115004499914-Changing-CUSIP-Numbers-to-Tickers

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