is...retired
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I do not know how JT got in touch with any of the current players. I rather suspect they contacted him. JT did try to do MJCoin in 2018, but it was a flop and any of us (me included) that invested in it lost our money. As far as I know we all lost ALL of our money. $500 was the minimum to 'get in', so that's what I gave. Others bragged about much more. So, that was his first 'crypto' play.
Twitter posts are not considered valid as a substitute for 8K's. There is a difference between a social post that can be deleted, and a permanent record that cannot be removed. Yes, Twitter can be used to announce things publicly, but announcing something material must be followed up with a permanent record, which is a requirement for material events, as defined by the SEC.
JT does not tweet anything. I know his style, from reading 4 years of it, and unless he has gone through speech training, has not tweeted since he announced he was leaving.
He said:
"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."
The term 'outgoing' has a real meaning. See that word 'loyal'? He ALWAYS used that word.
If you were CEO, and new backers came in and canned you, do you think they'd let you 'stay on' and screw up their 'voice'?
When you are demoted from CEO, you do not hang around as an employee. JT has 3 other companies that he is CEO of, and that is certainly verifiable.
Note the date he became CEO of this company: LVYN
Tilton company.
He still owns CHIF.
He also has TIPS
You do realize that every trade is recorded permanently, right? It shows who bought, who sold, the price and time. It also shows which mm's were involved.
Collusion would be almost immediately detectable, and be able to be traced back to the principles. Every purchase or sale by an MM is also recorded. Auditing trading behavior is dead simple.
That is not to say that a private group could not have pulled this off. If I and a handful of like-minded traders decided to buy up a ton of some trip company and hold them for a year, we could probably repeat this act. All that it would take is finding the right company, with a low share price, and at least some bright prospects. But, although possible, it is illegal to do.
There is another way to look at NSAV.
We still don't know who bought up half the OS in late 2020. It was not one person, nor would any of them own over 5% without a filing to the SEC. Anyone who owns 5% must file. And if it goes over 10%, another filing is required. So, it must have been a group.
Buying up those shares essentially looked like a buyback, because only half the remaining shares were in circulation. The price rose as a result. We know these things actually happened, this is not speculation.
I think many of those shares are trickling back into the market, which has the effect of holding the share price down, or even dropping it. Those shareholders made thousands of percent profit on those shares.
NSAV started the spin shortly after those shares were bought up. Coincidence? Unlikely.
In November, 2020, they PR'd that Jake Noch issue was resolved. (But it wasn't.)
Later, in November, NSAV announced it was acquiring a percentage of Noch's pro rights company.
In early December, NSAV announced a 10 year no reverse split clause. But that was already in place. It was a PR about something that was not news. They PR'd it AGAIN in June 2021.
In Dec. 2020, they PR'd about acquiring a Dutch cannabis company, which is in line with NSAV's stated mission statement for the last few years. (No further mention, ever, of cannabis or anything related to it.)
In January 2021, NSAV announced a new twitter account. The old one was deleted, but most of what it had is preserved in history on this message board. I have read it all. You have to go back in the messages on this board to see them, but the whole history is actually there.
In January, 2021, the first mention of crypto.
In February, 2021, the first mention of Yuen Wong.
In March, 2021, the first mention of SBC.
In March, 2021, the first mention of SBCDF and the STUX token. (How's that coming along?)
In April, 2021, the first mention of Rideshare. (How's that coming along?)
All PR's since then have been about crypto and tokens. (We have yet to see a penny of profit from all of these PR's.)
A good Pink market CEO will spin a story that sounds promising, thus exciting traders hoping to cash in on a success.
All that remains is to deliver on even ONE of these announcements.
In the meantime, I believe a lot of those trip zero shares are back in trading, which has the effect of dilution. Someone has already made a ton of money on this whole venture, including me, although I still have over 100M trips.
The Fins, in April, should tell the financial story up to the end of 2021...it should be interesting reading.
As Reagan once stated, Trust, but Verify. (Originally, a Russian proverb).
Many of us are trusting, but there is nothing yet to verify.
He has no common shares, and he has 50% of the voting shares, or did have. His partners got the rest.
TDA won't trade NSAV because it is not DTC compliant.
Almost all except TDA Ameritrade.
Incorrect. The proposal addresses the ONGOING reporting, not the initial public announcement. If you read it, you will even SEE the words public announcement in the proposal.
"For publicly announced repurchase plans or programs, the company is also currently required to disclose..."
You are stuck on the ongoing reporting vs the initial announcement. There is nothing in the proposal that eliminates the initial announcement.
I don't know where you get such notions. Any action by a company that affects share price is deemed 'material' and must be announced.
Here is what the 'public announcement' should contain, which must be posted before purchasing any shares.
"Should a company publicly disclose its share repurchase program?
Yes. In order to avoid potential liability for insider trading in connection with a share repurchase program, a company should publicly disclose the program prior to its commencement. Disclosure should be made after consultation with counsel. At a minimum, disclosure should be made with enough time to allow the market to absorb the announcement and include the following information:
the estimated time period during which the purchases will be made;
the maximum number of shares proposed to be acquired or the maximum amount of funds to be expended;
the objective of the acquisition of shares;
any plan or proposal relating to the disposition of the shares to be purchased; and
an indication of how the purchases will be made.
The disclosure may be made in a Form 10-Q or 10-K, or by means of a press release or Form 8-K, depending upon timing of the approval and commencement of the program. The company also should issue a public announcement disclosing any material modifications to a share repurchase program.
I don't know what you mean about expiration date, but financial filings are permanent - the history of the company does not change or expire.
Again, you are wrong about not notifying SEC/Finra about share buybacks. You are referring to the ongoing process relating how many have been bought, etc, but you can't START it without public notice. We will have to agree to disagree, but common sense should tell you that you can't do anything 'material' as defined by the SEC, without an official filing. It can be via 8K or via OTC filing system which goes to Finra, but they will not be buying one single share without notice. That would be share price manipulation in the first degree.
No, I am not. I've been holding this stock since early 2017. I've seen dozens of 'plans', none of which have ever given NSAV a penny of profit. Until I see profit in the fins, I will remain very, very skeptical.
We know a lot of shares were bought a year ago, which lifted share price, but nothing NSAV has actually done has raised the share price. Yes, I still have over 100M shares, but I've also lost several million dollars over the last few months.
I think I have a pretty good grasp of the 'big picture'. I certainly don't see a share price anywhere near $1 while I'm alive.
Sure, I hope some of these 'plans' work out, but until they do, it is just another stinky pinky with grandiose ideas to pump up shareholders. It has always been so.
You guys are dreaming, if you think the money they make is going to buy back shares. First of all, all those 'deals' we've been hearing about for months cost money, and that money will have to be paid back with profit, and probably with interest tacked on top. The buyback, if it ever happens, will have to work in concert with all the debt that has been racked up to get things going.
Buying back shares does only ONE thing: it reverses the dilution we've experienced getting to 6 billion shares outstanding. Buying them back only helps shareholders, not the company. They can only buy back with profit, which at this point is a non-known-entity.
Go ahead and dream, but don't whine when your chin hits the floor, when your expectations aren't met.
One thing is pretty certain: Those who bought up half the OS will probably also be those who sell back to the company. We won't notice much, since those shares are mostly not in circulation right now anyway.
You might want to read that again...it is a PROPOSAL, not yet a law.
Share buyback proposal by SEC and filing requirements around them.
Not my agenda...if you guys would just READ the REQUIREMENTS at OTC, you would SEE that material events must be posted at OTC. I already posted it. Yes, the fins are posted there, but material events must also be posted. A press release is not a filing with the OTC.
Jeeze, you simply cannot comprehend English. OTC states they HAVE to file on the OTC site for any material event. READ IT. They may or may not use an 8K, but it still gets filed AT OTC. Not tweets or any other place.
Insiders cannot purchase or sell stock except within the 30 says AFTER financials are posted. Anything else WOULD BE insider trading, which is illegal. And, since every trade is recorded, it would be an easy matter to detect.
Again, you make the same baseless claim about filing as alternative reporting.
"OTC Markets Compliance
While companies that use OTC Markets’ quotation system may elect to make limited or no disclosure, the Alternative Reporting Standard offers an appealing level of transparency without incurring the greater effort and expense associated with becoming an SEC filer.
In order to qualify for the Alternative Reporting Standard, an issuer must publish its financial reports and other material disclosure on the OTC Markets website, where it will be available to the public.
Any company that follows the Alternative Reporting Standard and posts an annual Attorney Letter, pursuant to Attorney Letter Guidelines, will be assigned to the Current Information tier."
A 'public announcement, such as twitter, etc, is NOT in compliance with OTC requirements. It must be filed ON THE OTC SITE.
A share buyback cannot be by 'an investor'. NSAV itself is the only party that can buy it's shares back. Anything else is just a trader.
And, again, the buyback won't happen until an 8K is filed explaining exactly how it will be done. There are rules that must be observed.
I'm not trying to decide how many shares are held by ihubbers. I'm saying the MAJORITY are NOT HELD BY IHUBBERS. And, I'm right. It's true for virtually every OTC stock.
That's why, when we see share price changes, some of you think it's MM's or some other fictitious element. It is not. It is the people with the most shares trading. All we see is the result of their activities. I know better than to blame anyone EXCEPT shareholders, many of whom trade at market instead of limit, which is all it takes to screw up the share price. MM's can't initiate buys or sells, and they can't make more than their spread allows, and they MUST accept orders within their spread.
Over 600M in ihub NSAV? That is what I doubt. I have 100M left. How many others hold that much or more? Not that many. Half of the OS (3B) are owned by unknown people that bought it up late last year. That's 50% all by itself. Doubtful that those people patronize ihub.
Many shareholders don't even look at ihub - we are but a subset of the overall shareholders. Many people think we can sway share price by what we say, but I say bull. This is a gossip board, nothing more. More than half of what is said is either flat out wrong, or blue sky dreaming. And if anyone buys or sells based on what is said here - shame om them.
That was not a projection, it was a computer program screw-up that they didn't catch before publishing it.
No, I never said that. I said IF it does, a buy will be triggered. My buys and sells are in for 60 days, I just sit back and watch. And, I don't pump or bash the stock. It wouldn't do any good anyway because we all together have probably less than 10% of the stock, the other 90% being in the hands of whales that don't read ihub.
I would hardly call a tweet 'proof' of anything. NSAV has no money, read their filings. The money, if paid, would have been paid by one of the 'partners'.
News for you. Not Nasdaq, not dollars, not even a quarter. It will continue making small spikes upon which you can make bank, then drop back where it is now. Repeat. Repeat. Repeat. Although, if all those shares bought last year hit the market, it could tank.
Be realistic, and take advantage. My buys are in for .019 and my sells are in for $.05+. I just sit here and let the market come to me. The day to day chit-chat is meaningless - people talking about things they have no way of knowing, with expectations that are totally unrealistic. You can make money, but not if you are waiting for dollars in NSAV.
You stated:
" It does not make sense they would drive up the price by closing the deal and then do a buyback."
I stated that it is illegal to drive the price up or down without an 8k.
It would be totally illegal for NSAV to do ANYTHING to drive the share price up or down. At least, not without filing an 8K to announce the action. That would be share price manipulation, which is illegal.
There are no q4 fins. It is the annual only. Due 90 days after FY end.
Financials are due April 1.
Or flip a coin...
It does not have to be voting stock. Read the actual rules and you will see that. All you have to do is realize that anyone with a huge amount of shares can manipulate the share price, and THAT is what they are trying to prevent.
As I said, we don't know who or what bought them. The SEC doesn't permit people or companies to grab up half of the shares of a company, without filing. The first trigger is 5%, then 10%, then 50%. There are names for shareholders with large amounts of a company's shares, such as principle shareholder, majority shareholder, etc.
A report of someone who violated these rules:
"The SEC brought charges against a fund manager for 13D violations, in yet another reminder that it will pursue enforcement actions against filers for Schedule 13D violations even without a pattern of repeat violations.
On Sept. 17, 2020, the SEC announced the settlement of charges brought against an investment manager of certain private funds (“IM”) for failure to timely amend a statement of beneficial ownership report on Schedule 13D (Administrative Proceeding File No. 3-20020). [1]
The 13D Requirements
Section 13(d) of the Securities Exchange Act of 1934 requires a “beneficial owner”:
That acquires more than 5%;
Of a class of any voting, equity securities registered under Section 12 of the Exchange Act;
To file with the SEC within ten days of any such acquisition; and
A statement on Schedule 13D describing such acquisition and containing certain other information, including a description of any plans or proposals that the beneficial owner may have with respect to certain enumerated matters regarding the issuer."
It makes no sense to me. It would have been illegal, in the first place. Then, the rest of it makes no sense, since it could not have happened.
What do you not understand about the 5% rule? 3B shares would have been 50%, so fricking illegal that it could not be overlooked.
We have no way of knowing who or what bought those shares.
If over 5% of the OS, there would have to be a filing with the SEC. Don't bother telling me that the SEC isn't involved, ALL public companies have to follow most of the rules concerning SEC reports. Not for financial reporting - there are alternates for that. So, I suspect it was not one person or company, but a group that worked together to avoid the 5% reporting requirement.
You all do realize that you can't possibly tell why an MM is involved in a stock? They have a spread, and change it at will. They have to live by their spread. Which MM is active is a matter of how many shareholders are selling or buying. If they get too many shares of one company, they can simply lower their bid so they don't acquire any more.
When a company's stock is sinking, like NSAV has been doing for weeks, it is simply a matter of more sellers, selling at market. If they sold at a limit, they could hold the price at a given point.
Most of the shares of NSAV are not people in ihub - we collectively own probably less than 10%. The rest is owned by the real whales. That 3B shares that were taken off the market a year ago are continuing to trickle into the market, with multi-thousand percent gains for them.
Oh, also, you can't tell much from L2. You don't see orders unless they are small. Larger orders show only tranches. A 10M share buy may show up as 20 or more tranches, depending on the quantity stated in every MM's spread. You would never guess what the original order was.
That's not what I said. I said we won't KNOW until they post their fins. Everything else is opinion. And everyone has one of those.
Money coming into NSAV is visible only in its posted financials. No matter WHAT you THINK you see, the fins is the only reliable indicator of their financial progress. If any. And we won't see that until after April 1.
According to the posted fins, no. We will have to wait for April to see if anything happened in Q4.
They have not declared how the buyback will work, if they do it. There are about 4 different ways, but the open market is least likely.