is...retired
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I have explained this before.
NSAV is a holding company. It gets a share of the PROFIT made by any of its holdings.
If none of the holdings is profitable, NSAV gets NOTHING.
So far, NSAV GETS NOTHING.
Did you read the annual report?
There is no revenue. All those companies that NSAV has invested in have to make a profit THEMSELVES before NSAV will get any of it. Think of it as profit sharing. If there's no profit, there is no sharing. If there was ANY revenue, of ANY kind, it would show up in the fins. Nada...
Fins are out. Lost $1.2M last quarter, almost $10M for the year. No sign of any revenue.
The filing is not 'on time'. It is LATE. Even though they got an extension, it is still late. That's BS. There is absolutely no reason why they couldn't have gotten the annual complete in the 3 whole months allowed. But they've been late every time, since 2017. That's about the only perfect record NSAV has!
JT isn't running NSAV any more. A Chinese national is.
It is far less costly to choose stock by what a company HAS DONE, rather than what it says it is GOING TO DO.
As far as I am concerned, everything said by an OTC CEO is a pump until they actually accomplish something. And, the filings are where you find out what they have done. Most of the stinky pinkies simply sell shares to cover expenses, then reverse split and repeat.
Late filing notification posted on time...sheesh.
It means nothing. No one gives money away. NSAV has already been through one of these a year or so ago and anyone that put money into it lost their money. I lost $500 in the first one by JT, in 2018. MJCoin. Go ahead, find anything about MJCoin today. they changed names, hid the money and anyone that paid in lost their money.
All we need is for the share price to increase. No 'tricks' on shareholders are needed. Do they REALLY think that we will give them more money after losing our ass on their failure to deliver share price?
Actually, they have to the end of March to file the 'late filing' report. My misteak.
Today is the day that NSAV is expected to file a 'late filing' report. That will give them 5 working days to file. Last year, they didn't file the annual report until mid April...
If there was good news, you'd think they'd want us to see it, ergo, there will be no good news in the annual report.
Yes, the problem is that NSAV's shares are not DTC compliant. And, they won't be until NSAV clears up the 'dividend' shares from 2017. Those are unregistered and restricted. You won't hear any talk of uplisting until THAT little problem is fixed.
It's not the ones that are holding that is the problem...it is those that dump shares at market. That cost me $50K yesterday.
yeah, thanks for selling at market, and costing me another $10K...stupid asshole.
The people running NSAV are not 'in office'. They have actual jobs. NSAV is a sideline for them. The deafening silence should tell you that nothing of any significance is happening at NSAV. We'll see when they file later this month.
As it was, JT was the only actual employee, and he is gone.
Do you really think the people now running NSAV are interested in the NSAV website? They have OTHER JOBS that actually pay them money. These guys are 'directors' with a $250K annual NSAV salary, paid in preferred shares. They are siphoning off our future share value. They get paid regardless of how NSAV does as a company, and when it's shut down, they will get paid first. The AS is 6.5B and the OS is 6.4B. They are almost out of shares to sell to pay off loans. They will have to increase the AS or close down. It cannot continue as it is.
NSAV has handed their PR and twitter off to a third party, which charges money to announce things. NSAV has no money for that or anything else. They are still selling shares to keep the doors open.
The companies James Tilton is associated with:
Net Savings Link - NSAV
China Food and Beverage - CHIF
Lvyuan Green Building Material Technology - LVYN
Tianrong Internet Products and Services, Inc. - TIPS Last Filing - 9/2022
Tianrong Med Group, Inc. - TNMD
At one time, JT was CEO of each of these companies. Now he is CEO of only TIPS and TNMD.
All use the same accounting firm, and the same lawyer, and have the same address. Most use SBC and Tg Equity, and Wong is involved in some of them. These companies are predominantly Chinese, but are OTC stocks.
JT (NSAV and CHIF) is being sued by Vik Grover. JT has been actively extricating himself from CHIF and NSAV. Now we know why.
"On December 2, 2021, Vikram P. Grover, an alleged former employee and consultant of an affiliated company, Net
Savings Link, Inc. (NSAV), filed a lawsuit against the Company in the United States District Court, Northern District of
Illinois. Mr. Grover alleges lost wages, compensation, damages and accrued interest. The Company denies the
allegations and intends to mount a vigorous defense against Mr. Grover's claims. None of the Company’s current officers
and directors were involved in the alleged hiring of Mr. Grover. The Company and Mr. Grover are presently in settlement
negotiations through their respective attorneys." (Actually, Vik is no longer settling.)
"I've instructed counsel to cease settlement talks w/all defendants on my case & demand the books & control of the company or companies incl. $CHIF; audit firm Wilton also a defendant and CEO trying to leave a shell in the UK in his wake; **NOT GOING AWAY**"
It appears to me that NSAV has a rocky future ahead.
Reality: There will be a notice of late filing. That will occur on March 15. There is a perfect record of late filing for 6 years. The only surprise is if they break that record. I personally doubt it.
They get 90 days to file the annuals. But they go after a 5 trading day extension every time. Do you really think that is a benefit to shareholders? It is an insult. No reputable company would even file late except if there was a valid reason. For NSAV, the valid reason is simply because they didn't bother.
It's your choice to believe all the crap that is posted. They've been posting that junk since 2017, and not one, single, thing has ever happened. Just read the fins and watch for revenue, profit, or loss. That tells you everything you need to know. For now, it is a loss of $1M per quarter...just sayin'...
Nobody knows what NSAV is actually doing, so nobody knows if NSAV will be affected by current activities.
This is James Tilton, your soon to be outgoing CEO. In fact, these will be my last series of tweets as the NSAV CEO. My resignation is effective immediately and is with a heavy heart much sadness, but it is the right move for NSAV and all of its loyal shareholders.
5:38 AM · Aug 10, 2021
It would be more appropriate to say someone just sold 1M shares at market. MM's have to buy them, and that shows up as a buy.
There is no buyback. There is no money.
Yes, I've been a shareholder since early 2017. Yes, he tweeted BS for years, which is why I had over 200M shares. (I believed some of his BS.) But JT has been gone, coming up on 2 years. He has no say in what NSAV does. He still has his preferred shares, but he does not choose what NSAV does or says. To keep blaming him for what's going on now is just ignorant.
At least his antics made me a millionaire, and two women whose portfolio I managed, too. I still have over 100M shares and manage another 55M shares. It doesn't have to 'wiggle' much to make money from this position. I continue to buy on the downswing and sell on the upswing.
I could give a big shit what NSAV does with the company - as long as it keeps trading and they stay current.
I went through a year when it wasn't trading. Quad zero. Those were tough times.
I could burn the rest and not be hurt. But every time I do sell (at a profit), I buy a monthly dividend stock, which brings in thousands per month all by itself. 50k shares that each bring $0.10 per month. My partner has that amount, too.
Why would anyone keep bringing up JT's name? He is now listed as SECRETARY. He is a step-n-fetch-it. He has nothing whatever to do with the future of NSAV. He SAID SO.
Exactly the opposite. Limit orders don't affect the price at all. You either get your buy or sell or you don't.
You don't know? All trading is handled by MM's. Anyone who buys at market is saying 'I'll pay whatever you ask'. After each tranche, they up their offer, so each tranche will cost more than the last. The whole point of limits is to control what you pay or receive for your stock.
When you see a big drop like yesterday, it is someone selling at market. When you see a price spike, it is people buying at market. That is how MM's make their money. They don't just set their spread, they change it constantly based on how people buy and sell.
You can reverse it by buying at market. SP will go right back up.
There is nothing confusing about it. MM's buy ALL shares that are sold. Then they sell them to buyers. They have a spread which says what they will pay and what they will sell them for, and a QUANTITY that applies to.
If someone sells at market, the MM's snap up that quantity, lower their bid and keep on until they are all bought. The price walks down, because they bid lower on each tranche. A tranche is that quantity their spread applies to, and it usually isn't very big. (some thousands, not millions).
If someone sells at a limit, MMs have to pay that price if they want the shares. But at market, there effectively IS no spread, because the seller is saying 'I'll take whatever you'll pay' for them. MMs LOVE it when traders sell at market - they cash in by dropping their bid for each tranch. THAT is why the share price drops, not because of some 'buyer' looking for a deal. The MMs get those shares FIRST.
No, no one "picked up" those shares. It was a sell at market, and MM's walked the price down as they purchased them all. Their offer drops after each tranche. If you sell at a limit, they can't do that.
So, it was just an airhead that dumped at market and cost me over $50K in the process.
Well, of course it will cover what happened in Q4. It is supposed to. Now, they have till the end of March to file it, but it will likely STILL be late. Wouldn't want to break a perfect record!
Needed only for annuals.
Because OTCM is working with over 10,000 companies, all filing at the same time. Just because they've filed doesn't mean they are getting to the submission, or that it's done right. They'll get to it. I suspect they treat the pink current folks first. Delinquents are probably at the end of the queue.
I haven't looked at CHIF for years. I see Wong, et al, are involved there too. Wong is COB now. Au is CEO. JT is secretary. Their fins followed NSAV's - late, as usual. At least, they don't have 6.5 billion shares authorized.
The point is that they now have a PR company and it costs money for them to use it. There is no more talking head at NSAV. You aren't going to hear much, they have other jobs to do and they are NOT going to be doing a lot of tweeting because NSAV doesn't use its twitter account any more. That account is being managed by the PR company.
NSAV has been beheaded.
You have to remember that back in the day, JT was chattering like a parrot. Then foreign management stepped in and shut him up. Then, they carried on the same tradition, but less so. Then, they handed off the PR business to yet another company. That makes NSAV almost headless. No CEO and no PR work.
These other companies have other companies that they service as well, not really focused on NSAV, and it COSTS to use them for PRs. NSAV is broke and can't afford to pay money for PR's except when something exceptionally important is involved.
So, get used to the silence, and understand that the people that are running NSAV now also have a day job. Time will tell if this will work or fail. My odds are 50-50. It's wait and see.
Yeah, I lost $120K today. Hoping it is temporary.
On the other hand, NSAV that I sold (much) earlier has funded dividend stock that gives me a cash income every month. I have an almost guaranteed, $2500 a month cash from ARR. (25K shares). No matter what NSAV does, that will not be affected.
The trick with NSAV is to extract cash when you can, put it to work and wait.
The fins almost ALWAYS drop the SP. Why? Because there is never any good news in the fins. Just looking at over a million dollar loss per quarter is bad enough.
You'll be looking a long time. You can't short penny stocks. Duh.
Don't believe me? Call your broker.