is...retired
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About what I expected. But those salaries are killing it. Debt going up. Conversions on the horizon (last year's loans come due this year.) With no cash, those will be paid with common shares.
I'm just sayin' it was ALREADY 10 years. Adding another 10 years is really ridiculous for a stinky pinky.
It is really meaningless, and I consider it a pump. The company articles of incorporation are something that the board of directors sets up. The same people can rescind this and then announce a RS. In other words, THEY are in charge of the articles, and can change it at will. There is no law that holds them to any statements in the articles, except for share counts and types.
This change has only one purpose: to keep people from TALKING about RS.
Spreads change all the time. That's how you know each MM's demand. If you sell into the spread, they have to buy your shares. If they get an excess, they may change the spread to quit accumulating. Or, if they NEED shares to fill an order, they may change their bid to get them faster.
Lastly, if they don't have enough, but can find them for sale at any price, they can borrow (not buy) them and replace them later. Technically, it is shorting, but that's not why they do it and they virtually always close out by end of day. They do it because their income is solely based on their spread, and filling an order with borrowed shares works to give them the commissions.
That is interesting. I've bought and sold this for years, but i always trade at a limit when buying or selling.
So, I sold 1000 shares at market this morning. No problem selling.
Then, I bought 1000 shares at market, and that was not permitted.
I changed it to a limit buy, but set my limit at .01, which is well above current price. Instantly filled.
So, selling at market, which is what drops the price, is absolutely permitted.
The share price of NSAV NEVER goes up after fins are posted. You should know that, you've been here longer than me, and I've been here for 5 years. Traders can't take the price down except by selling at market. That would be dumb because it would be a guaranteed loss.
Inside traders aren't buying or selling. They can only trade during the 30 days following release of fins. Been there, done that. Used to be a director in a public company.
The price decline is due to one and only one thing: traders selling at market. That is all it takes.
It probably won't be filed until after hours Monday, the 16th, and the SP will probably fall, as it always does.
You should consider why the assets and liabilities match to the dollar. That would be next to impossible, if it was real.
I know how real companies work. I also know how stinky pinkies work. They are not the same. There IS no value in acquisitions, if they don't make any money.
That is not what the fins state. Goodwill is listed at $19,520,000.
Total assets:
TOTAL ASSETS 49,370,113
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) 49,370,113
That should explain it. Notice that they are exactly equal?
Goodwill was added to assets to offset the liabilities. Goodwill is essentially meaningless. It is a made up number.
The preferred shares are not dilutive. The common shares won't be unless they are used to convert loans, which is why we're at a 6B OS. NSAV has never paid a loan off with cash.
Last year's loans are to be converted at 50% share price. So, some loans from last year are being paid off with shares at half price this year. That's why they had to increase the common share AS.
Actually, I did get a partial fill. Just got internet back. My order is for 2M shares, got about 1.3M. Already green on them...
Preferred shares is really meaningless to us. Doesn't relieve the OS at all.
They can't borrow convertible loans unless there are shares in the AS to cover the conversion.
Did not fill yet. Xfinity has internet down all day , so i didn't catch much. I imagine others are waiting for .01 too. I'm patient.
On the other hand, earnings are DUE in a week, but they never file on time, so it will probably be 2 weeks.
Additionally, these last two AS increases won't show up in the Q1 filing because they were both after Q1 end. It is pretty obvious to me that if they changed the AS 3 times in a year and a quarter, there is no reason to assume they are done with it.
Since the SP drops with each financial release, I may finally get my $.01's...if not sooner.
Increasing AS over time. AS = total number of shares that 'can' be issued.
February, 2021
"1. Authorized Shares. The aggregate number of shares which the corporation shall have authority to issue is seven billion (7,000,000,000) shares, consisting of three classes to be designated, respectively, "Common Stock", "Series A Preferred Stock", and "Series B Preferred Stock"; the Common Stock shall have a par value of $0.001 per share, the Series A Preferred Stock shall have a par value of $0.00001 per share, and the Series B Preferred Stock shall have a par value of $0.00001 per share. The total number of shares of Common Stock that the corporation shall have authority to issue is six billion (6,000,000,000) shares. The total number of shares of Series A Preferred Stock the corporation shall have authority to issue is two hundred and twenty-five million (225,000,000) shares.
The total number of shares of Series B Preferred Stock the corporation shall have the authority to issue is seven hundred and seventy-five million (775,000,000) shares.
4/14/2022
1. Authorized Shares. The aggregate number of shares which the corporation shall have authority to issue is seven billion, five hundred million (7,500,000,000) shares, consisting of three classes to be designated, respectively, "Common Stock", "Series A Preferred Stock", and "Series B Preferred Stock"; the Common Stock shall have a par value of $0.001 per share, the Series A Preferred Stock shall have a par value of $0.00001 per share, and the Series B Preferred Stock shall have a par value of $0.00001 per share. The total number of shares of Common Stock that the corporation shall have authority to issue is six billion (6,000,000,000) shares. The total number of shares of Series A Preferred Stock the corporation shall have authority to issue is two hundred and twenty-five million (225,000,000) shares. The total number of shares of Series B Preferred Stock the corporation shall have the authority to issue is one billion, two hundred and seventy-five million (1,275,000,000) shares.
5/8/2022
1. Authorized Shares. The aggregate number of shares which the corporation shall have authority to issue is eight billion (8,000,000,000) shares, consisting of three classes to be designated, respectively, "Common Stock", "Series A Preferred Stock", and "Series B Preferred Stock"; the Common Stock shall have a par value of $0.001 per share, the Series A Preferred Stock shall have a par value of $0.00001 per share, and the Series B Preferred Stock shall have a par value of $0.00001 per share. The total number of shares of Common Stock that the corporation shall have authority to issue is six billion, five hundred million (6,500,000,000) shares. The total number of shares of Series A Preferred Stock the corporation shall have authority to issue is two hundred and twenty-five million (225,000,000) shares. The total number of shares of Series B Preferred Stock the corporation shall have the authority to issue is one billion, two hundred and seventy-five million (1,275,000,000)
shares.
Increasing the number of common shares does not bode well for a stated intention to buy back common shares...
In the filings, it can be seen how high the (back) officer compensation is. The preferred B shares are to be used to pay those salaries, among other things.
From Annual report:
The Company accrued wages for its current President and CEO at a rate of $120,000 per year, along with other employees of the Company. As of December 31, 2021 and December 31, 2020, the Company owed a total of $2,473,016 and $747,564 respectively, to the current and predecessor President and CEO of the Company for back due wages.
It's on the PR newswire, where anyone can look. They have not updated their own web page yet. Probably by tomorrow some time.
Dumb.
I don't want to buy at market, which is what a bid of $1 would be. I want to buy at $.01, and will wait until it gets there, if it does.
I've had a bid in at $.01 for weeks. It gets close, but there is always some buying that keeps it above. I have a suspicion that there's a reason for that. Someone doesn't want it to drop below.
It depends on what they paid for them. Remember, there are still billions of trips out there. Some get tired of waiting for another spike and move on.
It is usually around the 5th/6th.
What is hard to understand is why the current administration has hamstrung the oil companies. It is NOT the oil companies that have caused these prices. Nor have the oil companies shut down the supply. Our GOVERNMENT has done that.
The leases are in effect. The administration has stopped permitting. Leases mean nothing if you can't get a permit. Don't you understand ANYTHING about how the oil permitting systems in this country work? Stop blaming the people whose hands are tied by government and put the blame where it belongs.
Oil companies would be glad to drill if they COULD. Blame the people who fight pipelines, and attempt to stop all hydrocarbon production. There is a massive effort to hogtie the whole 'fossil fuel' industry.
NSAV did not 'buy' this hive thing - they have no money. The people who DID put up the money will be paid first, long before NSAV sees any real benefit. And, of course, NSAV has a lot of debt built up, including nearly $1m in back wages, alone. I would not expect to see any 'leftover' profit any time soon.
Of course, it is easy to just sit back and wait to see if I'm right. I've been holding this stock since early 2017, and have not seen a penny of profit for NSAV from a huge abundance of 'deals' over that time.
There is a lot more to getting oil out of the ground than just putting up rigs. Oil companies have 'leases' but are forbidden to drill them right now. That is on Biden. Once they have permission to drill, there is a whole lot of time used up getting the proper drilling sites identified, getting permits, buying equipment and actually putting up the rig. Then, if it is productive, it takes getting the crude to a refinery, and making the products that the crude is good for. If not productive, rinse and repeat.
That is why I said months.
As you know, I only sell into a rising SP, and only at limit. I set several sells in place that automatically trigger when the SP hits the target. I don't sell enough at one time to slow down the SP rise. So, I rode that $.14 rise last year at only 50K shares at a time after it hit $.10, spaced a penny apart. That still left me with over 100M when the SP turned around. So, you see, it is harder than one would think to dispose of large numbers of shares without upsetting the applecart.
Hopefully, it will do as you expect, and rise to at least $.06, which it hit twice last year. I have sells set for $.04 that I bought at $.02. If my .01 fills, I will sell those at $.03. I always 'select lots' when selling, and sell the ones I paid the most for first. If we hit $.04 again, I will still have 100M+ trips.
It is frustrating to see the share price drop by a factor of 1000%, but it was never 'mine' anyway, so I'll just keep riding the SP and get what I can out of it. I had a $2.5M green day last year, but have too many -$500K+ days since then.
Oh, and the sells last year? Paid off all debt, invested in dividend stocks that bring in about $15K per month, and replaced my old appliances with new ones. Because my 401K holds the most NSAV shares, I found myself forced to take out $15K per month, all year, to meet my minimum required distribution requirements.
So, NSAV has 'fixed' my financial situation permanently, even if it drops to quad zeros again, since I divested into NASDAQ dividend stocks that bring in more than I used to make working.
Bad assumption. NSAV is a holding company not a manufacturer. It doesn't 'own' anything except percentages of other companies. Nor does NSAV do any marketing or promotion. It issues PRs and so far, that's about it.
My portfolio has dropped over $10M since last year. Still over $1M, but it is still frustrating to see that kind of a loss. And people wonder why the PR-A-WEEK club is not brightening my day.
I just want to see it get back to where it already was last year. However, I do still have a long-standing order for 2M at $.01...looks like it may fill any time now.
It is because they are making deals, not money. In the Press-release-a-week manner of working, people become disenchanted that these press releases mean anything, financially. Personally, I read them and then roll my eyes and watch the sp sink.
You guys crack me up. Conflating a share buyback, where a company provides shareholder value by buying back its own shares with excess profit, with another company taking over entirely. What a gob of shit. Sheer ignorance.
You are the one that needs to learn how to read. Read about stock buybacks. Read about the rules for public companies.
Then read about 'funding'...that means a LOAN. No one can 'give' a public company 'money' to buy back shares with. That would be totally illegal. SMH!!!
Oh, so you think a stinky pinky can borrow money to buy shares with? Might want to take another stock 101 course.
There is absolutely no reason to buy back shares with borrowed money. The only benefit is to shareholders, but borrowed money has to be paid back.
In short, there will be no buyback until NSAV has profit, which will be the first time in history. I wouldn't be holding my breath...in fact, I doubt if it will ever happen. An RS is more likely.
Share buybacks are made with profit. NSAV has none.
You can not know how large sales are. You can only know the size of the tranches. Each mm has a spread, and a QUANTITY. That quantity is what you usually see on L2. It could be a million sale, but you'd only see certain quantities, based on the tranches. If sold at market, you would likely see the whole trade, since the spread is immaterial in market sells.
or less. It was sub-.0001 when billions of shares were purchased by 'unknown'...that's how we got here. And that's who is probably dribbling them out over time now, with monstrous profits. They can afford to drop them at Market, which drops SP, but they don't care.
What about it? You can't short penny stocks anyway. Every transaction is recorded and auditable.
Yes, when people sell at market the sp drops immediately.
Why would anyone ask that question? There is absolutely no reason to post a wallet address on ihub.
Uh, it hasn't started yet.
Not true. MM's don't initiate buying/selling, they RESPOND to it. MM's don't even have eyes on this market, it is fully automated. they fill orders, they don't make them. If you buy or sell in their spread, you get your trade. they make money on every buy/sell, but not on the value of the stock, so they don't care WHAT the stock price does, they care that there are buyers and sellers. They compete against each other, not us.
To be a stock trader and not understand how MM's function IN THE OTC is like being in a stock car race using a gremlin.
Share price is dependent on buyers and sellers. If the share price is dropping, people are selling at MARKET, which is virtual guarantee of dropping share price. If you sell at market, your trade is instant, and you are saying you will take 'whatever' for your shares. That is what has been happening.
If you buy at market, you are saying you will pay whatever is asked. That drives the price up.