is...retired
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NSAV has been in this exact situation since 2017. I don't expect ANYTHING to change, because the PR-a-week bunch think making deals that go nowhere is more important than fixing the broken corporate financial/share structure.
They talk about uplisting but do nothing it takes to uplist.
They talk about buybacks, but have no money to do it, and a ballooning salary deficit that will be paid with preferred shares.
They talk about no RS, but they are in charge of it, and can change the Articles of Incorporation at will and do an RS any time they want to.
In other words, a bunch of meaningless words until they actually start to do any of these things.
I view these as pure pumps to keep shareholders 'hoping'. All pinkie CEO's know those words are how to trigger shareholders. I don't think I've ever been one that didn't mention uplisting, but not one ever did. Even JT used it some years ago.
There are a number of requirements to be met in order to uplist. Share price is but one. The real sticker is getting an SEC-approved auditor and becoming SEC reporting, vs alternative reporting. That is no small challenge.
One reason is that nearly 10% of all NSAV shares are not registered, and are restricted. That will have to be corrected. Then, of course, NSAV would have to become DTC eligible, which means DTC holds the shares instead of how it is now done, which is unknowable currently.
But since NSAV's lawyer can 'free' these unregistered, restricted shares for a measly $500, it CAN be done. There are hundreds of millions of these (common) shares and they will ALL have to become registered, AND unrestricted before they can even THINK about uplisting. They can't even get an SEC auditor until that mess is cleaned up. I personally have half a million of these shares.
NSAV will occasionally mention uplisting, but you should think of that as a pump, not a promise. At least until they start sorting out the mess.
I'm up to over 150K shares of USOI now. I buy more every month. I'm hoping the divi continues to increase during this energy supply crisis. At some point, this will all end, so it's make hay while the sun shines, for me.
Again, with the baloney. You need to get your facts straight and quit spewing crap that less experienced traders might believe.
I've had etrade since 2008, and know how it works quite well. They don't charge $6.95, they charge $4.95 for penny stocks. I placed an order today to sell NSAV
"Estimated commission
$4.95"
You do have to execute 30 trades per quarter to get that pricing, but I always do.
They do not require a limit sell, ever.
I have bought 20M shares since it hit a penny, but of course I do use a limit when buying anyway.
So, today, I set up a market sell for 10M shares of those I recently bought.
Sell 10000000 NET SVGS LINK INC COM NEW (NSAV) MKTMarket Market Good for Day $0.0077 $0.008 $0.008 Open
Your order has been placed
Account: XXXX-3782
Order Number: 1237
Order type: Sell
Security: NSAV
Term: Day
Price type: Market
Execution price: $0.0077
Order quantity: 10000000
Quantity executed: 80408
Quantity Remaining: 9919592
And here is proof that selling a large number of shares at market drives the sp down. All 10M sold at market....(Sorry folks, I'll buy them back and bring the price back up. But now you know, and if you dump at market, you will cause the same share price drop.)
06/07/22 01:08 PM ET Sell 22200 NSAV Executed @ $0.0071
06/07/22 01:08 PM ET Sell 4881840 NSAV Executed @ $0.007
06/07/22 01:08 PM ET Sell 12467 NSAV Executed @ $0.007
06/07/22 01:08 PM ET Sell 22200 NSAV Executed @ $0.0071
06/07/22 01:08 PM ET Sell 20000 NSAV Executed @ $0.0071
06/07/22 01:08 PM ET Sell 769990 NSAV Executed @ $0.0071
06/07/22 01:08 PM ET Sell 200000 NSAV Executed @ $0.0071
06/07/22 01:08 PM ET Sell 160000 NSAV Executed @ $0.0072
06/07/22 01:08 PM ET Sell 1000000 NSAV Executed @ $0.0073
06/07/22 01:08 PM ET Sell 200000 NSAV Executed @ $0.0073
06/07/22 01:08 PM ET Sell 100000 NSAV Executed @ $0.0073
06/07/22 01:08 PM ET Sell 12820 NSAV Executed @ $0.0074
06/07/22 01:08 PM ET Sell 100000 NSAV Executed @ $0.0074
06/07/22 01:08 PM ET Sell 40000 NSAV Executed @ $0.0074
06/07/22 01:08 PM ET Sell 10000 NSAV Executed @ $0.0075
06/07/22 01:08 PM ET Sell 2028699 NSAV Executed @ $0.0075
06/07/22 01:08 PM ET Sell 29000 NSAV Executed @ $0.0076
06/07/22 01:08 PM ET Sell 258876 NSAV Executed @ $0.0076
06/07/22 01:08 PM ET Sell 51500 NSAV Executed @ $0.0077
06/07/22 01:07 PM ET Sell 80408 NSAV Executed @ $0.0077
As I proved yesterday, Etrade has no such restriction on selling pinkies. If you think otherwise, you are not placing a market sell.
Brokerages do not restrict sell orders. They may restrict buy orders. Etrade does restrict buy orders, but all you have to do is look at the offer and place a limit buy order that is within the spread.
I am not making this up - I do it all the time. I proved it yesterday.
Anyone else with etrade or any other pinky want to give it a shot? All it costs is any brokerage fee, and not all brokerages charge fees on OTC. Etrade does, so it cost me $10 yesterday to sell 100 and buy 100 back.
I've never heard of ANY brokerage that forces limit sells, although that's the only way I ever sell.
Did you try it, as I did? Etrade had no problem selling it. I don't think any brokerage forces limits on sells, only buys. But I only know about etrade.
Nope. Yes, market orders are fast because they are essentially instant.
I've done it a few times long ago, and you can watch it walk the price down. I sold 44M shares of bvtk at market just to get the cash I needed and get out of bvtk while the getting was good. Each tranch was lower than the previous one. I could go back and find that transaction, but I'm not gonna.
MMs have a bid/offer and QUANTITY. Each time they fill an order for that quantity, they can change their spread. That's what they do with large market orders.
Wrong!
Considering I've been doing it since 2008, I thought maybe I should see if anything has changed. I never sell at market, but I did a test today using etrade. No problem selling...
Account: XXXX-3782
Order Number: 1234
Order type: Sell
Security: NSAV
Term: Day
Price type: Market
Execution price: $0.0084
Quantity: 100
Purchasing is a different story. I bought 100 back.
Account: XXXX-3782
Order Number: 1235
Order type: Buy
Security: NSAV
Term: Day
Price type: Limit at $0.0085
Execution price: $0.00845
Quantity: 100
So, yes, you can sell pinkies at market. Always could.
My point remains. The SP is falling because people are selling at market. That is all it takes. If sellers would sell at a limit, the SP could not go lower than that limit. In other words, they are dumping shares.
And, if management truly was thinking of 'rewarding' shareholders, they would stop trying to foist crypto junk off on us and get NSAV to making money. THAT is all we need as a reward. I think a lot of shareholders are totally disappointed in that 'reward' program that forces everyone into crypto JUST to get their 'reward', which is actually worth nothing at this point, and may never be worth anything. Why are they wasting time with this stupid program, when what shareholders want is simply an improving share price? Very disappointing.
Then also when they go after posters on stock boards - how stupid to lower NSAV management to the level of bashers and trying to 'justify' their actions. They say not to argue with idiots, because they will lower you to their level and then beat you with experience. Again, very disappointing.
The CEO is not the problem. The problem is the plethora of 'deals' none of which make NSAV any money.
The other problem is people selling at market. The SP ONLY goes down if you sell at market. Every trade should be done with a limit.
If you sell at market, you are saying 'I will take whatever you will give me'. The MM's instantly drop their bid and take your shares at a lower price.
If you buy at market, you are saying 'I will pay whatever you want'. The MM's instantly raise their offer, and you get the shares at a higher price.
I do all my trades with a limit. Sometimes, it takes days to weeks to fill my orders. But eventually, I get shares at the price I want, or sell at the price I want.
Don't blame the MM's, that is their business. Blame stupid traders that blast the share price by selling at market.
Yes, every trade you've made is recorded permanently. When, how many, what MM, what cost, etc. I let TurboTax read my brokerage information, but that's all. I would never let some unknown company, with unknown security and no real need to know access my financials.
Yes, 45 days after the end of a quarter, 90 days after an annual.
There is a difference between reading tweets and reading financial statements. You can guess which I use.
Flipping a coin is just as useful for predicting stinky pinky share price changes...Maybe more useful. At least that gives you a 50-50 chance.
There are no buybacks. No matter how many times you say that, there are no buybacks happening, or about to happen. First, they have no money for buybacks. Second, they have not announced the details publicly, and I would not expect them to do so until they have some profit to use to buy back shares.
Not even close. They have unregistered stock to resolve, they are not audited, and several other requirements are not met. It will cost them a lot just to fix the problems, then there will be paperwork to do.
You don't seem to understand how ETN's work. They start at a higher price, give a maturity date, and pay out variable rate dividends over time. The basic share price always descends over the years. (Look up any ETN halfway through its maturity date.) But, you get monthly dividends that add up. The gamble with ETNs is whether you make up the initial investment with dividends over time. With SLVO's dropping share price AND dropping dividend, I sold most of mine and put it into USOI. When that repeats what SLVO has done, I will sell it and look for something else that pays monthly dividends.
And for anyone thinking about reverse splits - ETNs don't do that. But there is one thing to beware of, especially with SLVO - the company can call them and pay you the current rate, and you will simply be out of the stock. It has happened to me - the stock simply disappeared out of my portfolio and I was left with cash for them at the then current rate. If you haven't kept up with the dividend cash vs share price drop, you can lose plenty. If you see dropping share price and dwindling dividends, you should remain alert.
That's my plan. This stock looks like it might have some legs. Not a pinky either. Hard to find qx stocks at a penny that have revenue.
It wasn't sitting around...I sold something that wasn't performing as well as I wanted...
I bought 15M shares in the last week.
I just disagree with who and why. Remember those 6 billion shares that were worth less than .0001 a year and a half ago? Yeah, those. Someone, or some group bought half of them in 2019. They are now worth over 100X what they bought them for, some more than that. And that's at the current price of about $.01.
That got the price to shoot up twice last year. The slow decay is people cashing out and buying something else. The remaining shares are now idling. Doing nothing, making no money. They are just cash to do something else that can actually make money. I have over 100M of those myself. They are junk until the next spike.
But, during those spikes, I sold about half of what was then over 200M. I bought dividend paying stocks with the profit. Today, I received about $44K in cash dividends. I get those dividends very month. So, I could still regularly sell NSAV if I wanted to. Others probably are selling, which is why the price goes nowhere.
I don't believe it has anything, whatsoever, to do with what NSAV is planning now.
So, they lied on their quarterly, annual reports? You can't possibly believe they would lie on their reports about who is the CEO. SMH!!
They are probably giving away worthless coins.
Morgan Stanley bought Etrade a while back. I have not noticed much different, other than the changes to penny stocks that aren't current. I think all brokers made the same changes.
When a dividend is announced, it is given an ex-dividend date, a record date, and a pay date. The ex-dividend date means (post dividend) so if you don't own a stock at market open on ex-dividend day, you don't get the dividend, the previous shareholder gets that dividend. If you sell on ex-dividend day, you still get the dividend.
The record date is a day or two later, and it is the date at which they determine who is eligible for the dividend - brokerages report how many shares, overall, are to be given a dividend. When USOI pays a dividend, it is distributed electronically to brokers. The brokers then distribute it to their shareholders. The larger the brokerage, the longer it takes to update everyone that gets a dividend. If a stock is enrolled in DRIP, it takes an additional day to appear in the account.
I've been with etrade since 2008, when I converted my 401K to an IRA. I have since built that from $60K to over $2M, all while retired. I have zero debt. Etrade has never screwed up on any transaction for me in that time. I have no complaints. A lot of people bash etrade, but I think that's more through ignorance than experience.
My divvy appeared before open this morning in Etrade. I think it posts just after midnight. All $40K of it. that'll buy another 5K shares. I don't do DRIP because I want to choose when to buy.
Actually, it IS true for etrade. It never posts in my account on the official pay date, but it is there the next day.
Meaningless. Has nothing to do with shorting. Look it up.
It goes to the brokerage first, then to your account. Takes about a day.
JT is CEO of 3 other public companies. Go read his comments there. What is tweeted on NSAV twitter is NOT JT, it is clearly someone else. I've read JT's posts for 5 years, and can tell you that all his posts are recognizable by what he says. First of all, they literally all start with 'loyal shareholders'. You don't see that any more, unless you read his other companies. I can detect his tweets with my eyes closed and someone else reading his tweets. It is what he SAYS and how he SAYS it that is an obvious giveaway. If you think otherwise, YOU are the one that is misinformed.
Yes, there is someone making these tweets, but it is an American, or someone with a good grasp of English. JT bastardized English constantly. Like calling a new director a 'new board of director'.
That 'share reduction' is simply preferred shares that were GIVEN to TG Equity, which they returned. That is NOT a 'good thing', it is a meaningless gesture. But NSAV touts it as if it were some big thing. If it had been common stock, that would be different. But as we know, they increased the AS common stock limit, which is also NOT a 'good thing.'
Ok, that is fine.
The poster suggested bugging management constantly about DTC. That isn't the (only) problem. NSAV has intentionally not joined DTC. Ostensibly, because it makes it easier to short, but that's a red herring.
Anyone with half a brain knows you don't short penny stocks, (because it makes no financial sense) and almost no brokerage will even permit it. Etrade won't let you short anything under $5.00. It is in writing on their website. Call your own brokerage and simply ask the question - Can I short penny stocks? I've asked this question for years, but no one has ever told me of any brokerage that permits it - if you think you can short NSAV with your brokerage, tell me the brokerage and I will call them myself.
So, will NSAV run? Most likely, since it did it twice last year. BUT: we don't know why.
It isn't just about unrestricting them. They also have to be registered. And that still won't fix the DTC problem. NSAV would still have to arrange to become DTC registered after that.
To date, all of us with restricted shares have had to go through NSAV's lawyer to get those shares registered and unrestricted. He charges about $500 per shareholder to do that. Considering the thousands of shareholders that may have restricted shares, that is a pretty profitable little enterprise.
I'm just waiting to see if they can uplist. All of those shares will have to become free-trading in order to uplist. The only question that remains is will I live to see it. But my partner has been designated as my beneficiary, and knows what to do in the event of my demise. Eventually those 'free' shares will actually be free for those of us who chose to wait instead of padding Vic's pockets.
NSAV has never registered its shares with DTC . (Depository Trust Company) In fact it has not registered 10% of its shares anywhere. I have some of them.
NSAV will have to be registered with the DTC in order to rise out of the pinks. That is already a stated goal, but there are a number of issues to be resolved, not the least of which is becoming an SEC filer and having audited financials. NSAV tried to change accountants, and got in a fight with the new accountants because of stock irregularities. The new accountant quit and NSAV went back to the current one.
Becoming DTC registered means the stock will be held by, and issued from the DTC. If you look at other companies in the OTC, or any company above pink, their Company Profile will have an entry for 'Held by DTC'.
In other words, becoming DTC isn't holding anything back, because there are much larger issues to resolve first. If you want to ask them anything, ask them to uplist out of the pinks. That, alone, would resolve the DTC issue, and fix all the other irregularities, as well as taking them from alternative reporting to SEC reporting.
They are not going to 'fix the problem'. Get with Etrade or another broker that will trade them, IF you want NSAV shares.
Bugging them will not fix it. It is a corporate decision that will only change when they are forced to, by trying to uplist, etc.
Get it right. There is no 'chill'. That is a bogus response, probably from a computer error list. NSAV is not a member of DTC, and THAT is the problem. NSAV also has unregistered shares out (I have a half mil of them) which also would not be permitted under DTC auspices.
If you look hard enough on this board, probably somewhere in 2018, JT explained why he didn't want to become DTC compliant. I remember it clearly, but I'm not going to try to find it again. It IS on this board, however.
NSAV is not DTC compliant, never has been. TDA won't trade it for that reason. That was a JT choice, and it remains that way. There will never be an uplist until they become DTC compliant.
Because everyone has their own way of trading. Some have tons of shares, others don't. Some are in the green, others in the red. Each situation can take advantage of different ways of trading.
But, you don't know if it is shareholders 'stacking' or MM's who control whether they trade by setting the spread as they need.
In my case, I have an excess of shares but I won't let them go until they meet my ask. I have a few million shares for sale at $.02 right now that I bought at $.01. As the share price approaches that level, one or more trades will be triggered. It may take days to weeks to fill, but it usually does. My sells are set for 60 days, and I don't have to do anything except watch what happens. This kind of trading does not affect any other traders. I simply supply shares at my price to those wanting them.
Wait until payday. Guaranteed drop.
There is no incentive for MM's to manipulate.
First, they get paid on the spread, not on the share price.
Second, they get paid both on the sell side and the buy side for each trade.
Third, the market is automated, no people decide how to manipulate stinky pinkies.
But mainly, it is because they get paid on the spread only.
If an MM sets their ask too high, other MM's will get the trades.
If they set the bid too low, other MM's will get the trades.
If you offer to buy shares or sell shares within an MM's spread, the trade is made. They HAVE to fill the trade by law.
If you offer to buy a penny stock for a dollar, you will get it for a penny, IF it is within an MM's spread.
Lastly, every trade leaves an audit trail. Every transaction is recorded - who sold, who bought, at what prices, when, and by which MM's. Computers are used to audit these transactions to sniff out any problems. No MM could get away with 'cheating' because the fines would be thousands of times what could be made on a pinky. If an employee of an MM decided to cheat, he/she would not be an employee for long, BECAUSE everything is recorded, forever.
If anyone thinks differently, it sucks to be you. You don't understand how the system works, but you give it your money. You don't seem to understand it is buyers and sellers that change the prices. MM's merely perform the transaction. Without them, you would seldom be able to buy OR sell stocks.
Ex-dividend day. Anyone who sold today still gets the dividend, and their cash besides.