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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Net Savings Link Inc (PK) | USOTC:NSAV | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.000472 | 7.74% | 0.006572 | 0.001 | 2.00 | 0.007 | 0.0062 | 0.0065 | 25,972,027 | 21:18:39 |
[X]
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QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED AUGUST 31, 2013
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OR
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[ ]
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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
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Large Accelerated Filer
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[ ]
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Accelerated Filer
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[ ]
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||
Non-accelerated Filer
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[ ]
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Smaller Reporting Company
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[X]
|
||
(Do not check if smaller reporting company)
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Page
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FINANCIAL STATEMENTS
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3
|
|
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Balance Sheets
as of August 31, 2013 (Unaudited) and November 30, 2012
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3
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Statements of Operations
for the three months and nine months ended August 31, 2013
and 2012 (Unaudited)
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4
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Statements of Cash Flows
for the nine months ended August 31, 2013 and 2012
(Unaudited)
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5
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Notes
to the Unaudited Financial Statements
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6
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|
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MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATION.
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11
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QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
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13
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CONTROLS AND PROCEDURES.
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13
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RISK FACTORS.
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14
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EXHIBITS.
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14
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15
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||
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16
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For the Three
Months Ended
August 31,
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For the Nine
Months Ended
August 31,
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||||||||||
2013
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2012
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2013
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2012
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||||||||
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|||||||||||
REVENUES
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$
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-
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$
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15,912
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$
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17,192
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$
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73,634
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|||
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|||||||||||
OPERATING EXPENSES
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|||||||||||
Depreciation and amortization expense
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7,068
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7,067
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21,203
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21,203
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|||||||
General and administrative
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62,129
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281,752
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249,315
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897,057
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|||||||
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|||||||||||
Total Operating Expenses
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69,197
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288,819
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270,518
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918,260
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|||||||
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|||||||||||
OPERATING LOSS | (69,197) | (272,907) | (253,326) | (844,626) | |||||||
OTHER INCOME (EXPENSE)
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|||||||||||
Income (loss) on derivative
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621
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6,945
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(74,525)
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6,945
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|||||||
Interest expense
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(7,575)
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(134,284)
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(74,253)
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(181,570)
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|||||||
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|||||||||||
Total Other Income (Expense)
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(6,954)
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(127,339)
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(148,778)
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(174,625)
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|||||||
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NET LOSS
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$
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(76,151)
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$
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(400,246)
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$
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(402,104)
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$
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(1,019,251)
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|||
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|||||||||||
BASIC NET LOSS PER COMMON SHARE
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$
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(0.00)
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$
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(0.03)
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$
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(0.01)
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$
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(0.07)
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|||
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|||||||||||
BASIC WEIGHTED AVERAGE NUMBER
OF COMMON SHARES OUTSTANDING
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69,223,279
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14,869,864
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54,611,333
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13,776,297
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Derivative liabilities November 30, 2012
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$
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54,062
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Addition of new derivative
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64,739
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Reclassification of derivative liability to additional paid-in capital due to
promissory note conversions
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(155,229)
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Losses on change in fair value
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59,786
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Balance at August 31, 2013
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$
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23,358
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Excess of fair value of conversion option derivative liabilities over the related
notes payable
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$
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83,716
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Day-one loss on addition of new derivative
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14,739
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Gains on change in fair value
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(23,930)
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Loss on derivative liabilities
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$
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74,525
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Level 1
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Level 2
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Level 3
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Total
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|||||
Assets
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||||||||
None
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$
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-
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$
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-
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$
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-
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$
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-
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Liabilities
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||||||||
Derivative financial instruments
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$
|
-
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$
|
-
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$
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23,358
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$
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23,358
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Level 1
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Level 2
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Level 3
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Total
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|||||
Assets
|
||||||||
None
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$
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-
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$
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-
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$
|
-
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$
|
-
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Liabilities
|
||||||||
Derivative financial instruments
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$
|
-
|
$
|
-
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$
|
54,062
|
$
|
54,062
|
|
August 31,
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November 30,
|
||
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2013
|
2012
|
||
Current Assets
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$
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9,617
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$
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22,168
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Current Liabilities
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467,668
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363,179
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Working Capital (Deficit)
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$
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(458,051)
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$
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(341,011)
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Nine months ended
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Nine months ended
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August 31, 2013
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August 31, 2012
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Cash Flows Used in Operating Activities
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$
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(96,278)
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$
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(339,327)
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Cash Flows Provided by Financing Activities
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84,900
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237,000
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Net Increase (Decrease) in Cash During Period
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$
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(11,378)
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$
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(102,327)
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NET SAVINGS LINK, INC.
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||
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(the “Registrant”)
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BY:
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DAVID SALTRELLI
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David Saltrelli
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||
President, Principal Executive Officer, Principal Accounting Officer and a member of the Board of Directors
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1 Year Net Savings Link (PK) Chart |
1 Month Net Savings Link (PK) Chart |
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