Replies to post #202376 on NSAV Holding Inc (NSAV)

[mfaphoto]

Shotsky was right. It has been a corporate decision not to lift the restriction and they won't do it until it is right for them. They won't be badgered into doing it. IMO.

[shotsky]

NSAV has never registered its shares with DTC . (Depository Trust Company) In fact it has not registered 10% of its shares anywhere. I have some of them.
NSAV will have to be registered with the DTC in order to rise out of the pinks. That is already a stated goal, but there are a number of issues to be resolved, not the least of which is becoming an SEC filer and having audited financials. NSAV tried to change accountants, and got in a fight with the new accountants because of stock irregularities. The new accountant quit and NSAV went back to the current one.
Becoming DTC registered means the stock will be held by, and issued from the DTC. If you look at other companies in the OTC, or any company above pink, their Company Profile will have an entry for 'Held by DTC'.
In other words, becoming DTC isn't holding anything back, because there are much larger issues to resolve first. If you want to ask them anything, ask them to uplist out of the pinks. That, alone, would resolve the DTC issue, and fix all the other irregularities, as well as taking them from alternative reporting to SEC reporting.