NSAV - Net Savings Link majority shareholder retires 500M shares

Net Savings Link (OTCPK:NSAV) announced that its co-majority shareholder, TG Private Equity has retired 500M shares of Series B Preferred Stock that it owned (equal to 500M shares of common stock). The market value of these shares based on yesterday’s closing price is $4.75M. The step was taken to have additional shares available for acquisitions, which management believes will enhance shareholder value and keep dilution to a minimum. The company has not issued a single share of common stock in 2022 and its strategy is to use its Series B Preferred Stock to make acquisitions and pay salaries.

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Net Savings Link majority shareholder retires 500M shares