Followers | 213 |
Posts | 17350 |
Boards Moderated | 1 |
Alias Born | 03/02/2014 |
Wednesday, March 22, 2017 2:45:29 PM
Okay, I get that we are all concerned now with the pps growing and I probably wouldn't be doing this if the pps WAS going up and/or I had a bunch of other companies to follow, but I don't. So here I am. And just thinking out loud so don't get on my ass for this. Please.
Okay, for starters, I don't think there is ANY dilution going on here. I also believe our CEO to be truthful. But those are just MY opinions and, well, we really don't have much to go on without the financials do we? And, hell, I could be wrong on both those thoughts about dilution and James And not to mention that without the (gagged) transfer agent being able to release OS numbers we have to reply on information from the CEO himself.
Anyhow, I was reading a portion from the book "PENNY STOCKS FOR DUMMIES" by Peter Leeds. In the section entitled "What Penny Stock Investors Should Know About Dilution" he writes:
He went on and listed a few reason why they might need to raise funds. One of them was for "Paying executives and key employees" and "Issuing new shares can help a publicly traded company by giving it the greatest flexibility to take advantage of opportunities as it implements its business plan."
He also listed the DETRIMENTAL side of dilution such as "Any time a company issues new shares, the share of ownership of each stock is reduced." and "Dilution can also hold share prices down even when the company's value grows."
Which got me thinking, how is this company, NOW, generating any revenue to operate? And the talk about "acquisitions", well, where would the money come from to acquire anything if they aren't generating any revenue? Now as far as CHIF goes (which, I guess, is now a part of NSAV, in the "COMPANY INFORMATION AND DISCLOSURE STATEMENT OF 28, FEBRUARY 2017 they mention "We the company have acquired Red Mansion LLC, whose primary asset is Naomi Village Resort. The Company acquired the Red Mansion LLC on 16 February 2017."
Now I certainly don't know how much revenue they are making with Naomi Village Resort, as of yet, but do know that they are involved in a couple lawsuits they have filed against two different parties. (1) with its bank/lender for approximately $1.7 million" and (2)" its insurer for $2,000,000.00."
Will be great to settle them lawsuits and move on. But until then, again, where is their revenue coming from? Are they diluting or not?
Your thoughts welcome. Oh, and please be nice.
$NSAV
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM