is...retired
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They can't be owned by a single shareholder or entity, or it would have to have been filed with the SEC for any over 5%. No filings means, if laws were followed, that a group of people bought up those shares. That would not surprise me, however, and is actually what I have thought since it happened.
What the hell do you mean 'diluters'? They can't sell stock that is in a company's treasury. they can only process orders on stock that is ALREADY in the OS.
Mm's don't control share price. There is a POOL of MM's and whoever has the best spread gets your shares or gets you your shares. They compete against EACH OTHER, not against US. Jesus, folks, at least learn how they work.
Any time ANYONE mentions a specific MM, they simply show their ignorance of how the system works. They handle orders. Buyers and sellers create those orders. It is not the MM's that control anything, it is the buyers and sellers.
You don't know what a diluter is. An MM cannot POSSIBLY be a diluter. The only possible diluter is the company itself, and it has no shares left to dilute with.
All Mm's do is handle trades - meaning there are sellers and buyers.
Well, that already happened a year ago. We went from QUAD zeros to a penny and have stayed above that since. Those 3B shares that were bought then have been trickling back into the market, at a HUGE profit for whoever bought them, which is the only reason our share price is held down where it is. Let's say they have a limit of 4000% profit. That can go on for a long, long time. My shares are up that much also.
The bulk of NSAV shares are not held by IHUB traders, it is held by those that saw an opportunity and took advantage of it. We are along for the ride.
If ALL of us IHUBers decided to buy or sell at the SAME TIME, the stock would barely show it. We have, at most, 10% of the shares. We are bystanders. But we would never do that, so we have an even smaller effect.
jack of all deals, master of none...
If you think posting a list of names is off topic, you might want to reread the terms of service. You are WAY off.
And, the history of this stock is RIGHT HERE on this message board - all the way back to when JT took over the company. it is ALL here, including JT's tweets from before he deleted his NSAV twitter account.
If you are looking at L2, you can't tell that. All you see is tranches. Some are whole trades, others are the quantities in MM spreads.
An MM posts a bid, an ask, and a quantity. They can only trade the quantity in the spread in one given tranch. They can repeat that trade over and over, but they must be at most the quantity posted, or change their spread.
For instance, if you sell 1M shares, and the MM's that look at your trade are otherwise within the spread, but their quantity is 100K, they will have multiple tranches to complete your order.
There are other reasons for tranches, including the mm's ability to acquire enough shares within their spread. If they have to buy from multiple sellers to fill a buy order, you will see those tranches as 'trades' on L2. There is no way to know the actual sizes of buys/sells.
Wrong. Did you know that there aren't even human eyes on these trades?
It is A fully automated marketplace. All MM's do (in the OTC) is facilitate the trades between sellers and buyers, AND, in the case where the stock becomes illiquid (no one buying or selling), they trade it between themselves. That is WHY they are called Market Makers.
Half the people on these boards have no understanding of how this market works. I'll say it again: there are no human eyes on these penny stocks. There is no one is a tinfoil hat trying to figure out how to rip off sub penny shareholders for a few measly bucks. The fine, if caught cheating, would cost millions. It isn't a risk worth taking.
EVERY SINGLE TRADE, BUY OR SELL, IS RECORDED PERMANENTLY. THERE IS AN AUDIT TRAIL. EVERY SOLD SHARE AND BUY SHARE IS RECORDED AS TO WHO SOLD, WHO BOUGHT, AND WHAT MM WAS INVOLVED, AND WHAT THEIR SPREAD WAS AT THE TIME.
FOLLOWING THE TRAIL OF WRONGDOING WOULD BE A SIMPLE MATTER THAT A HIGH SCHOOL STUDENT COULD FOLLOW.
The MM's themselves run algorithms to audit themselves. Computers make the decisions to change the spread as needed depending on market trends.
It has nothing to do with mm's. They don't care where the price goes. It is SELLERS that are screwing with the price. Remember that. Profit takers selling at market will dump the price every time.
There is NO SUCH THING as a 'STOCK PREDICTOR'. If there was, we would all be using it.
You don't understand how MM's work. A lot of people here don't. First of all, they are not traders, they are brokers. If you offer to buy, they HAVE to sell to you at the best price within their spread. That's the law. And if you offer to sell, they HAVE to buy them if it is within their spread. All you have to do is look at the spread (each MM has their own) and offer to buy or sell within that range. Or, if you sell/buy at market, they can change their spread (and do) to get/sell your shares.
Every spread has a number of shares attached to it. That is now many they will buy/sell at that price. Then, they can change their spread, and they often do. It is all automated, there are no human eyes looking at these trades. There would have to by hundreds of thousands of employees to watch the individual trades on the OTC, which has over 10,000 companies, alone.
What you call manipulation is nothing of the sort. It is just people SELLING or BUYING shares, and the MM's facilitate those trades. They do not trade unless there is a buyer or seller to satisfy.
...but birds aren't real! They are government drones.
No, not February. Annuals get 90 days, which would make it end of March. And, since they never file on time, it will be at least one week after that.
Read the filings that are posted quarterly at OTCMarkets.com. There is no revenue or profit yet.
Nope. I've never wired money anywhere.
I bought $500 worth of MJCoin back in the day using a credit card. That money promptly disappeared. Lesson learned.
No, afraid it doesn't work that way. In a Reverse Split, they take your shares and give you back a lesser amount, each worth more by the difference in the ratio. In a stock buyback, that doesn't happen. The OS simply gets smaller. The price will rise as supply dwindles, but that's all. There is no guarantee. If they retire the bought-back shares, the AS can be reduced.
This can be seen by the year-ago buy-up of half the OS. The value rose because supply dwindled, not because of some inherent ratio.
And lest we forget, no buyback will be performed until there is an SEC filing explaining exactly how it will work, how many shares to be bought back, etc.
"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 suspect that this repurchase will be made via the 'Tender offer' process, which means that specific shareholders will be liquidated, rather than buying at market. Those 3B shares that were bought up a year ago might very well be the target.
The lower it is by end of year, the better. Most of my NSAV is in my IRA, and I'll have to pull out about $150K if it stays where it is. Might be time to buy that new truck...
NSAV has filed with the SOS that there will be no RS for 10 years. They have also stated that they will do a share buyback using the profit from their private crypto coin.
All we have to do is wait to see what actually happens. No amount of chat about it will change anything. Future filings will show if there is any profit available to buy shares. There is also debt that has to be settled.
Nsav isn't a name, it is a ticker for Net Savings Link, Inc. While I don't particularly care for the name, it is simply a holding company, and as such doesn't belong in the spotlight. No one will ever think of NSAV as a primary company, because it isn't one and won't become one unless it changes to a different kind of company.
As far as I have heard, no one that put money into MJCoin got any of it back. I lost $500 myself.
Not sure what you are asking. SBC can buy shares just like the rest of us, but it can't hold over 5% without a filing with the SEC.
That does nothing to lower the bloated OS.
The 'buyback' will not commence until there is an SEC filing detailing how many shares, over what time, and at what price. That would otherwise be illegal.
I made the big mistake of investing $500 in JT's 'MJCoin' venture a few years ago. Never got a penny of it back, and the 'operators' of it simply disappeared. I have not heard of anyone who recovered their MJCoin investment. So, no, I am certainly not going to buy any new crypto coins. I'll just sit back and let my shares appreciate, if they do well.
Again, you have to understand what a holding company is about. It owns percentages of other companies, and only makes money when the other companies make profit. So far, nothing NSAV has 'invested' in has made a penny of profit. Thus, NSAV has no income, at all.
Understand that we are not in an income making enterprise yet. We are setting the stage to make money at some point in the future.
Short volume has nothing to do with anything. Look it up.
Still have my shares too, but a $350K loss in one day is hard to look at, regardless of how the 'future' looks. I've lost about $2M in the last month. I'm ready to start seeing these 'deals' done and profit being made.
In a merger, two companies become one. In a holding company the 'holder' takes profit from the held company, if there is any. There is no merger. There is also no atom.
There is no merger. NSAV is a holding company which holds interest in multiple companies. NSAV gets a percentage of the profit from any of its holdings, depending on percentage owned.
So far, none of the holdings has profit, nor does NSAV.
You guys need to look up the legal term for holding companies, and quit talking about mergers - that is simply not going to happen.
Saying they hope to do a buyback is merely a pump. Actually doing it requires interaction with the SEC. It is called a 'material event' which is defined by the SEC.
Even JT talked about a share buyback years ago, and we see where that went...
And, as I've said multiple times, there will be no buyback until there is an SEC filing explaining exactly how many shares, over what time, etc. Companies cannot simply buy up their own shares - THAT would be stock manipulation at its greatest.
And I repeat ad nauseum, as it were, that a stupid tweet is no reason to sell stock. For god's sake, tweets are MEANINGLESS. Only an idiot would sell stock based on something like that. And those with enough shares to tank the stock are probably not idiots.
There is no, and will not be, a merger. NSAV is a holding company which means it holds interest in one or more companies. It makes money if and when its holdings make a profit.
NSAV's tweet has nothing to do with it. If you understand that, I'm sorry. Any twit that would sell based on a tweet needs to find something else to do with their money, like a good old fashioned savings account. At least, you won't lose money that way.
That's not how a stock buyback works. There are rules, including a SEC filing ;saying how many, over what time, and at what price.
You can't possibly know what caused larger shareholders to choose to sell. You need to remember that there are many whales here who may be tiring of nothing solid happening. They grow impatient with their portfolios going stagnant and move on. I doubt that anything said on this gossip board ever has an effect on share price. We don't own enough, collectively to cause a significant change.
And, the share price only drops when people sell at market. That is an indication of 'taking what I can get' so I can put cash somewhere else. Whales are seldom 'longs'...they are in it for cash, and when the money machine stops, they move on.
The tweets have nothing to do with the share price. Anyone who sells because of a tweet is a dimwit. There are BILLIONS of shares still to be sold...
Mm's have nothing to do with share price. The price is dropping because people are selling at market. OTCX just happens to be first to process those sales.
Yeah, I didn't need that $750K anyway...
As correctly predicted by me months ago. They are ALWAYS late.