Yeah I looked at things you had said, Tednewsom, and you are actually the least credible thus far to me. Simply put, the facts you have stated are off from the original post onward. It appears you found the company suspect, someone made the duck comment, and then that convinced you that it was pure scam.
I also doubt the legitimacy of some of those that claimed to have called Gillis. Burden of proof is really on the accuser and I don't see much in the way of proof.
Anyways the deal is that you pay 12,000 per machine. Years back it was 11,000 but it was raised to 12,000 mainly on inflation. It may have been 10,000 when it started but that I don't know. Supposedly the ATMs cost 6000-8000 since they are machines with all the bells and whistles. The extra money is because they handle everything and move underperforming machines for you. The guaranteed 20% is on the full 12,000, however. Their ATM supplier is located in Ohio. NAS sends you an operating agreement, tells you the location of the ATM, and gives you the serial number.
ATM fees are $4.00, of which the owner gets 50 cents. Not some 50/50 thing.
I know people in Beverly Hills, people out of state, and people out of the country with them and they all buy them at 12,000, so I don't know what you're talking about with the 20k.
Who said any leaseback scheme is considered a security? I'd like an explanation on that one.
Here's a few things that make me think it's legitimate:
-There's a third party processor in Texas that actually sends you the transaction count, no related parties between them and NAS. I can get the name on my next statement and post again.
-I'm guaranteed 20%, yet many machines I own do over 30%. Why bother paying out an extra $100 per machine per month?
-I always call the business that has my machine and I always get a response that it exists, and it's contracted through NAS
-Friend of mine actually went to the physical location of one located in Louisiana, sat there for two days and counted each time someone would use it. Multiplied that by 15 and almost got to what that month was in volume.
-NAS has been out of machines and refused to take additional investments from me. I mean, that's pretty big, a scam that didn't want to take someone's money?
When I said "there are some issues that cannot really be confirmed" the biggest thing is, hey, the transaction count could be right, the amounts and business could be alright, it's just 5 other people own that same machine! That's something you can't really confirm which is a legitimate concern.
To your nonsense about some gizmo consider this:
I actually work for a wealthy guy (net worth in the low-mid 8 figures)
He's a business man and doesn't know the definition of "ROI", never heard of it. He's kinda dumb, but he throws millions at bad business ideas, and throws millions at great ones. I can't really say much because it's worked for him, but in other words, I don't care if Gillis wants to invest in something stupid because it has little bearing to his dealings with NAS. Rich people do stupid things, but hey, it works for them.
As to the cornering the market comment, I too had that question but during my due diligence from a few years back I asked myself this:
Why doesn't every successful company stay private? Why does Visa, a major payment network, always use other people's money for their operating cycle? Their network in pretty much established and low risk, so why do they continue to raise capital from private investors?
Well you can choose to believe whatever, and all investments with NAS are voluntary but I expect backlash and disagreement, but I'll do my best to continue to respond. Right now all I've provided you with is words so I expect you to remain skeptical.
Once again, my only relationship to NAS is that I've been an investor for several years. I don't own or control NAS or any of its affiliates or employees nor am I related to someone, nor am I friends with someone.
Thanks for reading.