is...retired
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Fins are out.
Results for Q3:
NET GAIN/(LOSS) (5,435,793)
That was Q2. What is missing is Q3. And Q4 is finished, and due to be reported by 90 calendar days, or about March 31. With the extension that is surely expected, make that April 7.
It would never be right for a public company to intentionally delay its SEC required financial reports. It is their OBLIGATION to file timely reports. There is simply NO EXCUSE for not filing on time. It is FINANCIAL information, and all they have to do is add up the losses and report it. This was for the date ending Sept 30, and thousands of other companies managed to file on time. This is BS.
Sounds like they don't understand that, once submitted, OTCM will review them for adherence to their requirements (not accuracy of the fins). They may have questions which will take time to pass back and forth between the companies until OTCM is satisfied with the format.
It not only has to be submitted, it has to be accepted. I've seen one instance where it took 6 months to get it right, although we had no way of knowing what was wrong.
The fins were due NOVEMBER 15. This is pure laziness on NSAV's part. The tail is wagging the dog.
No, I am not kidding. NSAV is a public company and must follow SEC rules. And NSAV has no money anyway. Your comment needs proof. Making such an assertion without proof is simply talking out your ass. And those of us who understand how things work can call you out on it instantly.
Share buybacks have to be publicly announced in advance. SEC rules. Obviously, a share buyback is news shareholders would find attractive, which is why it must be announced publicly.
They have to list several things - how many shares they may buy, over what time, and at what price or price range. The SEC has a more complete list, I just haven't looked at it for a couple years.
Obviously, they must also have cash, which NSAV does not have. You can't buy shares with borrowed money that will be paid back by diluting shares...
Share buybacks have to be publicly announced in advance. SEC rules. Obviously, a share buyback is news shareholders would find attractive, which is why it must be announced publicly.
They have to list several things - how many shares they may buy, over what time, and at what price or price range. The SEC has a more complete list, I just haven't looked at it for a couple years.
Obviously, they must also have cash, which NSAV does not have. You can't buy shares with borrowed money that will be paid back by diluting shares...
Companies don't 'wait' to file their reports if they are ready to be filed. There is no way they could manipulate the price to their advantage in any event - that would be illegal.
CEO - Chief Executive Officer. Like the president, the buck stops there.
We need a CEO whose success depends on NSAV's success. Having an interim CEO whose success does NOT depend on NSAV's success is why NSAV is in the toilet. In any ordinary public company, heads would roll if filings went delinquent. Apparently, the current leadership doesn't see it that way, and is very nearly making NSAV untradable.
The public filings should be at the VERY TOP of the priority list for any CEO of any public company. There is simply NO EXCUSE for not staying current. It is a slap in the face of shareholders, who stand to lose the most.
The next OTC step after 'Yield' is STOP. This delinquency will move it to STOP if they don't get 'er ' done and damned soon. If it gets to STOP, you won't be able to buy NSAV at all - it will be blocked. And that means you can only sell, to MM's, who will not give you the current price. A limit sell will simply not be honored, because they will set their price and that's what you'll have to accept.
It doesn't have to be lying. It is an accounting 'trick' to assign value to good will. But it is not a tangible asset. You cannot 'see' goodwill. And, when the company makes an 80 million 'asset' based on goodwill, you just know there is nothing tangible there. The company is dead broke, losing about a million dollars a quarter yet assigning 80 million dollars to this 'goodwill' asset. Sometimes, you just have to use common sense. There ain't no 'there' there.
There are no assets. It is called 'good will', which means they simply 'assigned' a value to 'nothing'. Go ahead...try to find an asset.
Yep - he is the SECRETARY. He doesn't sign the fins. He's a step-n-fetch-it. Besides, he has YEARS of late filing reports. He's really good at that.
If you're waiting for JT, you will have a long wait. He isn't in charge anymore, has not been for nearly 2 years now. The person in charge is the one that signs the financial reports.
I might buy more if it gets to .002. I usually buy on the way down and sell on the way up. I have lots of cash available.
What I'm waiting for right now is how the law suit by Vic, the lawyer and previous CEO (before JT) plays out. If nothing else, it could stall NSAV for another long period.
Well, another quarter in the books. End of fiscal year. They get 90 days to file that. 95 with the extension. Maybe they'll have Q3 filed by then.
The share price usually does drop when the fins are released. That happens because they are always a big disappointment. No profit, losing a million dollars a quarter...and NO ACTION on the business plans.
And, now we have a CEO whose primary purpose is not to keep the company current, but lets us fall into disrepute. There is absolutely NO EXCUSE for failing to file timely fins. 10,000 other OTC companies manage to do it.
I don't call myself a long, but I've had nsav since May, 2017.
I just take advantage of ups and downs, which is profitable.
That's like waiting 3 weeks to wipe your ass after you finished. There is no excuse for this sloppy execution of standard public company requirements. This is a slap in the face of shareholders. They aren't even paying attention to the basic rules!!!
Yes. Crickets.
Actually, JT hasn't tweeted for over a year. Get with it. NSAV doesn't even tweet at all - it is handled by a separate PR company.
Every trade is recorded. People in public companies that violate SEC rules will be apprehended. I CAN tell you that insiders can't trade legally except for the 30 days after fins are posted. I used to be a director in a public company and those rules are not violable.
Amazing how many 'traders' don't understand the basics of public companies in the US. It's like playing a game without knowing the rules. In this case, it is risking money without understanding the rules the company has to follow.
In any event, every time some idiot suggests it is insiders screwing up a company's share price, it simply shows their ignorance. It is ALWAYS traders.
Yeah, right. Insiders can't BUY or SELL until after the fins are posted.
OTCM still shows: Pink Limited Information
It's not current until it says it is.
Cmon, dude, brokerages show the value of all your owned stocks regardless of the share price. If you're trying to insinuate that I'm lying, fine, take it any way you want it. But I don't lie, and particularly to a bunch of traders I don't know.
I know Photo had shares during that time, and he probably saw his next to zero value as well.
You do realize that you can't sell preferred shares, right? Well, you can sell them back to the company, or transfer them, but you can't sell them.
You totally misunderstood what I wrote. I said I had shares, but I never said I BOUGHT them at quad zero. Most of them were trips when I bought them and cents when I sold them.
I said they DROPPED to quad zero, which they did. And my NSAV portfolio reported a value of around $3k AT THAT TIME.
Not pulling anyone legs, but some might want to invest in some good reading glasses.
NSAV is a Stinky Pinky. The highest risk of all the stocks. It is anyone's guess what will happen next. I had 280M shares a couple years ago when it went to quad zeros, and the total value was only about $3k.
I sold over half on the spikes and have a lot of reserve cash for speculation. Not currently buying or selling - will wait to see what it does then decide.
Jesus, all you have to do is read it. The CEO is required to sign financial reports. JT hasn't been CEO for almost two years.
Apparently,you didn't look at the last annual report and both the quarterly reports from this year. I did, a long time ago. JT doesn't sign them anymore.
I don't see any way JT could force the company to buy his preferred shares. They don't have any money to start with. Those shares aren't going anywhere.
JT has 30M preferred shares and he can NOT sell them. Nor can he get any more.
The person running NSAV is the one that signs the quarterly reports.
JT has no common shares. And it is illegal for him to buy or sell shares until the fins are filed.
Besides, he is not running NSAV anymore.
JT has 3 other public companies to run. He doesn't do anything at NSAV any more.
He's also in deep doodoo from the previous CEO and lawyer, who are suing his ass off.
If it gets down to .0025, I might spring for another 5M. I'm using cash from selling NSAV during the spikes, so nothing lost there. Still have over $200K to play with.
I never said it was doomed. I just pointed out the truth. I have over 100M shares, most of which are trips. All good here.
I got 5M more at the .0029 level. Finished filling today. Don't plan to buy more at this time.
If they don't get the report out, NSAV will go to STOP. If that happens, it will stop trading. You can sell but not buy. MM's will dictate the price they will pay for the shares.
There is a big lawsuit going on with NSAV right now, but I don't know if it will show in the report yet.
Posting to the OTC is not instantaneous. First, the company or its designee must upload the report, and then OTCM must review it for accuracy for OTCM rules. It doesn't care about the content, but it must be a complete report and adhere to their rules. It can take over a week, considering that they have over 10,000 companies that file 4 X a year. That's over 40K filings per year. If they find problems, they will contact the company to fix the problem, then the report will have to be reuploaded, and the process repeats.
I suspect those that are delinquent go to the back of the 'line' so to speak.
Yeah, you can make cash on NSAV. I have a quarter mil in cash in waiting, and over 100M shares to ride. I've been filling 5M at .0029m but it hasn't finished yet. Got most of them, though.
Most of mine are still trips, so these are just to flip. Lots of money to be made in small changes.
This is not the first time this has happened. A couple years ago, they changed accountants, who then left and the 'old' accountant had to take over, they said. It was clear to me that the 'new' accountant wanted nothing to do with the unregistered, restricted shares that make up nearly 10% of all NSAV shares and he wasn't about to put his signature on the report.
This is all BS. Any public company knows it has to file fins 4 times a year, and at the close of the quarter, the financial information is to be sent to the accountant forthwith. The accountant then has a month and a half to complete the reports. These reports are not difficult - you only need to add the last 3 months activity to the last report and file them.
Saying the accountant left is a red herring. It is NSAV's RESPONSIBILITY to make sure they have an engaged attorney and that the filings will be on time. NSAV has not filed on time for YEARS. That is sloppy, and shows a real disregard for the 'loyal shareholders'.
Getting the fins filed to remove a YIELD sign is about the worst thing that could happen to shareholders, other than going to STOP, at which time you can no longer buy NSAV, so MM's dictate the remaining price.
For those that are not too risk averse, this is a buying opportunity...I might even get another 5M shares below .003...