is...retired
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You would know the answer to that question if you looked at their filings. No, not profitable, and no revenue. Millions of dollars of debt, increasing quarterly, and loans are used to keep the doors open, paid off with shares.
Why anyone would ask strangers on a gossip board about the financial condition of a public company is beyond me.
It is traders, pure and simple. NSAV cannot trade their own shares. We don't know why it went up, and we don't know why its going down, except that it is always traders. Someone made a bundle, then dropped all their shares at market, then walked away from it. It is always selling at market that drops share price, so you KNOW someone dropped out.
I have 15 million flippers, but have not reached my limit yet. You will never know when I take a profit, because I never, ever, sell at market unless I'm exiting a position.
It's old news. NSAV gave TG 500M shares, they gave them back. They were never in the OS.
Anyone that takes trading advice from strangers on a chat board should be accountable for themselves.
MM's have nothing to do with it. All they have to do is set their spread to get more shares or sell more. They have no interest in share price, because they ONLY make money on the spread.
It's made me a millionaire, and those whose portfolios I have run for them. I'm not complaining about us making money, I'm simply pointing out that NSAV has been making 'deals' for over 5 years, and not one of them has panned out yet.
Seeing another YAD (Yet Another Deal) doesn't give me goosebumps, and, as I have said, if NSAV is going anywhere, you will read about it in the filings.
Whether it is a scam or not will show up in the filings. Deals, without any revenue, is not really (good) news. I've been a shareholder for over 5 years, and have not seen a penny of revenue in the filings. And that is over 20 filings in a row. And the company continues to sink in debt, and the OS continues to grow. Those are simply facts.
Contact information is available at OTCMarkets - NSAV, as it is for all OTC companies.
Securities Counsel
Vic Devlaeminck PC
10013 N.E. Hazel Dell Avenue
Suite 317
Vancouver, WA 98685
Sure, I know all about them. I have half a mil. Those shares are not registered, and they are restricted. You can get them free trading if you pay NSAV's attorney about $500. Or you can wait until NSAV fixes the problem, which they will have to do if they plan to uplist out of the pinks.
The first clue is when the companies files with the SEC to do a buyback, how many shares, over what time, etc. They can't just start buying their own shares.
But first, NSAV has no money anyway, so it has to borrow to keep the doors open. Not going to buy shares when they are still giving them away.
I have no debt, thanks to NSAV's earlier spikes. I would like a nice, new truck. My Magnum SRT8 is going to remain my daily driver. Love that car. 472 HP and sounds like it. The truck may be a hybrid, but not a plug-in hybrid .
As you should know by now, I don't have a target price. I sell into demand. I still have at least 100M trips that are waiting for that demand to return. I sold off about 100M during the last spikes. The ones I buy today will become flippers, but not at market, for obvious reasons.
That would be me. Actually two bids - one for 6m one for 5m. Mostly filled now, but still trickling in.
JT isn't running things, hasn't for a year and a half. He is president in name only, and has other businesses to run. He is no longer a decision maker for NSAV. NSAV is being run by the crypto groups. It is THEY who have to come up with a winner. Seems it's not as easy as they thought.
TG Equity cannot be selling their preferred shares, and they have no common shares. NSAV generally gets its loans from standard lenders, and then pays them off with common shares. And those are almost instantly converted to cash, which can be seen by the growing OS...
Private parties don't loan public companies money. That would be illegal.
There doesn't have to be a 'plan' for the share price to drop. All it takes is more sellers than buyers. A lot of people are totally upside down on this stock, and may have simply exited to pursue something with more positive action.
I'll bet you are wrong. Been there, done that. It won't trade immediately because ALL of the shares of the stock have to be recalled, their serial numbers declared invalid, and then the new shares have to be assigned to all shareholders. The ticker will have a 'D' added for 30 days, but there will be no trading for the first three days. Not like we have a lot of time to wait to see if I'm right...but I am.
Actually, I misspoke when I said as soon as it splits people will sell. That's not quite right. At the split, you won't be able to trade it for 3 days, because they take back all shares, issue the new ones with a different series number and with a 'D' on the end of the ticker. It will be USOID. But that only applies to those of us in brokerages.
Anyone that is an outright owner can sell immediately. That's when the sp drops. By the time we can trade, it is already going to have dropped.
You don't have to believe me, just watch what happens for the 3 days after the split. That's why I sold 200K shares today.
I bought some today. I'm curious why there are very few posts on this message board. I checked StockTwits also, and crickets. Is there another message board people are using, or is this stock just not interesting to many people?
I looked it over pretty good and bought a starter position. It looks like a 6 cent div will be paid next month.
Then you don't understand reverse splits. As soon as it splits, people will sell at that new, high price and the sp will tank. I've been dealing with them since 2008, and I've never seen one where the shareholders made out.
A reverse split happens when the company mismanages itself and lets the OS get out of proper proportion. There are two ways to fix that - buy back shares or reverse split.
My course of action is to sell all, wait until the smoke clears, skip one dividend and see if it's worth buying back in. I doubt that it will be worth it.
They aren't accomplishments, so one has to wonder why they tweet out stuff that isn't done, and might not be done.
The disrespect comes from advertising what they WANT to do in advance of actually DOING anything. Those are pumps, nothing else. But I guess if they tweeted only what is done, we would have no tweets.
Why are you going on about buybacks? NSAV has no MONEY to buy shares with, let alone just keep the doors open. They are SELLING shares, not buying them.
It's not just debatable, it can't work because there is nothing to base a chart on. It's like a weather vane. We don't know why the price rises or falls, and there is no revenue. So the price is based on traders' whims, nothing else. Looking at the share price over a period of time tells you nothing whatsoever except that it varies over any period of time. If you look back a year, it tells you that it fell off a cliff, and there is no reason to expect it to do anything different.
There is no cheaper way. Vic is the company lawyer and he costs about $500 to do his bit. It is not just a matter of paying him - there are more hoops to jump through.
I have 500K of those myself, and will just wait for them to become 'SEC compliant', which can't happen until they fix the unregistered, restricted fake share problem. I would never pay to get my 'free' shares, period. Well, maybe if the sp gets back to 10 Cents.
If you look at the whole year chart, you can see the whole thing. Chartmaster was not right, by using his charts on short term movements, he was right that it was simply going to continue to drop as it has for over a year now. I'm not sure it has hit bottom yet. The short term price fluctuations are meaningless for stinky pinkies, or any other company that has no revenue and moves only by momo or fomo. You simply cannot chart that. Well, I guess you can chart it, but you can't predict what it's going to do based on that.
No one is going to 'loan' money to a public company without repayment terms. In NSAV's case, it would be shares to cover the loan amount. The AS would have to be increased again to support that. That is the opposite direction of where it needs to be. That is what is already happening and has been for years. In other words, that's how we got here.
Unless they can make some profit, they will continue to sink. You can only sell shares for so long before you run out of options. There are only two options: RS or buy back shares. You can't buy back shares while you are also diluting to keep the doors open.
Of course I can. It's posted at OTC Markets. (Along with every filing ever made.)
ACTION TYPE EFFECTIVE DATE SYMBOL DESCRIPTION
Symbol Change 06/13/2013 NSAV Symbol change from NSAVD to NSAV
Symbol Change 05/13/2013 NSAV Symbol change from NSAV to NSAVD
Capital Change=shs decreased by 1 for 15 split. Pay date=05/13/2013.
Not that it matters - NSAV is losing millions per year, and growing the OS in the process. SOMETHING has to give. That is unsustainable.
There will have to be a reverse split if they keep selling shares and make no profit. It is inevitable. The OS is already over 6B and growing, not to mention over a billion in preferred shares...
JT is long gone. Has been over a year.
I was in business for almost 40 years. I was active in many mergers and acquisitions, and even performed due diligence before completing 'deals'.
Not once did any of my companies ever 'telegraph' to the public what it was up to. We announced when it was completed, not before.
This tweeting by NSAV about what it is 'planning to do' to me is a pure pump. No business would publicize what is has not yet done, and what might not ever get done.
This is pure foolishness, and shareholders should not buy into this kind of information.
Tell me what you have DONE, not what you're THINKING of doing.
Name one. Never mind, there aren't any.
Buying another company? With what? Shares, of course.
Exact title and class of securities outstanding: Class A Preferred
CUSIP: None
Par or stated value: $0.00001
Total shares authorized: 225,000,000 as of date: June 30, 2022
Total shares outstanding: 60,000,000 as of date: June 30, 2022
Give me $0.10 per share and I'll also sell all. And never buy one share of NSAV again...That'd get me $10M anyway...
I do think it will spike again, but I don't know when, of course. Hopefully, I will get all the way out of it at that time. I've had most of these shares for over 5 years. Long enough.
I only sell into demand - when the price is rising. I've sold over half so far. That money went into dividend paying stocks, which bring in $10~20K a month.
The proper term is called 'pumping'. The company paints a promising future, but the filings tell the tale. Don't believe ANYTHING but the filings. The pumps talk about things they might do, the filings talk about what has been done.
Sorry you bought into the pumps, but if you just hang in there long enough, you might get your money back.
I still have about 100M shares to dispose of, but mine were mostly trips to start with. Still, I have seen over $10M vaporize over the last year. No one likes to see that.
I'm thinking lower. Share price is lower and divi is partly based on share price.
Speaking the truth is not bashing. NSAV has ALWAYS taken out loans and not paid them back. It has been going on for YEARS, and I have had shares all those years. The OS has doubled in the last 5 years. Almost all stinky pinkies operate that way.
And I am probably more qualified than anyone to make these comments. I have been a shareholder since early 2017 and have read everything the company has posted, that IHUBers have posted, and read all the filings. You can find proof of anything I say either here in this message archive, or from reading NSAV's filings.