Net Savings Link Inc (OTCMKTS:NSAV) Has Catalysts Ahead

In our previous report about Net Savings Link Inc (OTCMKTS:NSAV), we mentioned that the company had ambitious plans.This provider of technological solutions to the legal medical cannabis market has executed reductions in the total outstanding shares, acquired new businesses, and is expanding in growing countries such as China.Thus, we appreciated all these moves and the market had also done so by pushing up the share price. Company LogoThe only problem that we had encountered was that the financial statements provided to the market were outdated. We noted it in our previous piece and also noted that their release would be a great catalyst for the share price.What happened recently?The company not only reported new quarterly and annual reports, but also released an attorney letter notifying that NSAV was in compliance with the regulations demanded by the OTC Markets exchange. The announcement, as we expected, excited the market.Have a look at the recent share price action before we provide more details: 1 year chart for NSAVLet's revisit the business model again for those getting to know the company now.Net Savings Link, Inc. was founded in 2007 and is headquartered in Pennsylvania. The company provides "a fully integrated technology company, which provides turnkey technological solutions to the legal medical cannabis and hemp industries, as well as other areas of the medical industry."That's not all.The company plans to provide wide range of services that include:

• software solutions
• e-commerce
• financial services and advisory services
• patents & trademarks as well as information technology

We will need to be alert, as the company plans to develop these services as well as acquire companies. The announcement of a new acquisition could make the share price spike, as the company would acquire new know-how. NSAV has already given some hints to the market about these types of services:

"Range from medical bill payment apps to specialized inventory and transaction management software for the hemp and cannabis industry. In addition to its technology assets, the Company has approved plans to develop cannabis and hemp based consumer products. " Source: Annual report

Additionally, it was noted that the first of these products will be a hemp based beer that will be called Tiger Hemp Beer. What's new?Let's first of all have a look at the attorney letter, wherein the lawyer working for the company did not only talk to the management, but also verified the last quarterly and annual reports filed. He also gave information about total outstanding shares that may interest some of our readers:

"As of August 25, 2017, the total outstanding shares of common stock of the Issuer were 3,274,504,075." Attorney letter

We compared this with the share structure shown by the OTC Markets website.Market Value$2,834,554a/o Sep 27, 2017Authorized Shares10,000,000,000a/o Aug 25, 2017Outstanding Shares3,149,504,075a/o Aug 25, 2017-Restricted113,311,971a/o Aug 25, 2017-UnrestrictedNot AvailableHeld at DTCNot AvailableFloat3,149,504,075a/o May 07, 2017Par ValueNot AvailableSourceAdditionally, on August 3, 2017, the company noted that it will spin-off 20% of Hemp Beer Inc., which is 200 million shares of this subsidiary. NSAV shareholders receive one share of Hemp Beer Inc. common stock for every 17 shares of NSAV common stock that they hold on the record date, which was August 22, 2017.Why is the company doing such a transaction?NSAV is rewarding loyal shareholders by distributing shares of this subsidiary. It is a great news. Additionally, it shows that NSAV's Board of Directors believe that it will help unlock the hidden value of NSAV. Financials and ConclusionCurrently trading with a market cap of $2.8 million, NSAV is an exciting story among small caps. We appreciate that the company finally released its financial statement, wherein we could find in its last 10-Q that $50,036 in total current assets and $317,400 in accrued wages are the most significant assets and liabilities.In our opinion, the market is just starting to wake up to the potential of NSAV. The recent moves made by the board will help unlock shareholder value and drive the share price higher. To sum up, we encourage readers to follow NSAV closely as there looks to be more catalysts ahead.Be sure to check out our coverage on NSAV!We will be updating our subscribers as soon as we know more. For the latest updates on NSAV, sign up below!Image courtesy of Walter Fangio via FlickrDisclosure: We have no position in NSAV and have not been compensated for this article.