is...retired
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Etrade usually posts dividends around midnight.
I'm not about to pay to get my free shares. They will not be able to uplist until they fix that unregistered share problem. With only 500K shares, that would be about $2200, almost half of which it would take just to remove the restriction and register the shares. Nope. I'll wait it out.
What is your definition of 'ask stack'? I know what it is supposed to mean, but I don't see it happening here. I always buy and sell at a limit. When the sp hits my trigger point, something either buys or sells. I usually have them set for 60 days. Nothing right now, but I'm curious why you would claim ask stacking on a stock that is almost dead.
I bought 10K more yesterday at $5.03. And 10K more today at $5.05. Now I'm in good shape, too. That's an even 100K for me, and another 100K for my partner.
Smart traders don't sell on the way down. I still have 100M trips...and won't sell any until there is demand - meaning the sp is going up. Asking people to sell is asking them to tank the stock even further.
Anyone that bought when it was over .05 has to be hurting with a 10X loss, and no sign it will recover. Any of those folks could simply be recovering what they can and moving to something with more promise.
When people exit a stock, they often do it at market, just to recover what they can. I tend to exit at a limit, but close to the bid, so every time it bumps into the bid, some of them sell. I'm exiting one right now like that.
Yesterday was ex-dividend day. It always drops by at least the amount of the dividend on ex-dividend day. It generally slowly regains it over the month if the upcoming dividend is attractive. You can just ride these out. As soon as I get my dividend next week, I will buy more if the price is still low.
Even that is not true. Shares don't go to MM's, they go to a company. That COMPANY is who sells them on the market, and the MM's handle the processing.
No, they have not announced a share buyback yet. And when they do, it will be an SEC filing explaining the whole process before a single share is purchased. Companies caught manipulating their own stock price can be fined substantially by the SEC. It is ILLEGAL.
aaaannnndddd....? Yes, that is exactly what their job is. They are between buyers and sellers, and make a commission on each end of each transaction.
Too many shareholders believe mm's make money on the stock price change. No, they don't. They don't care which way the market is going, they get paid by each seller and each buyer.
What does that have to do with anything? If a seller wants to sell at market, they will. That drops the price. Period. There are thousands of other shareholders doing whatever THEY want to do. If I wanted to sell millions, they would be at a limit, and it would take some time to occur, and it would not affect share price at all.
Or, it could be that people with millions of shares that they got in trips are trying to keep some of the profit by selling on the way down. At market, most likely, or the price wouldn't be dropping.
MM's don't make the price drop. Sellers do. Selling at market instantly drops price. All mm's do is take the orders.
You cannot know if they are buys or sells. They go to MM's, and they come from MM's. If you sell at market, they have to buy them. If you buy at market, they have to sell them if they have them. All you know is that there are buys and sells, but you don't know what shareholders are doing.
If shareholders were buying, the price would be appreciating. It's the opposite, which tells me that shareholders are selling, likely at market.
They don't purposely hold the price back. That would highly illegal, since insiders are unable to buy or sell except within the 30 day window after filing fins.
The share price reflects public interest in the company. Both are dropping.
No one is trying to hold the share price down. There are 6 billion shares out that were once worth less than .0001. Those are probably always trickling out at market or at a low limit. They are still making thousands of percent gains.
The longer this stock dawdles along doing nothing, the longer people will sell off to keep what they can and put the money into something that is moving.
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.