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shotsky

03/26/21 8:56 AM

#141100 RE: mfaphoto #141085

There was no merger. TGPE is a private company that bought restricted stock which gives NSAV money to do the ventures it is doing. In a merger, one of the companies disappears.
Thus, TGPE is a part OWNER of NSAV, just as we are, but their shares are 'preferred', which means they get paid before we do.