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NSAV SIGNS DEFINITIVE AGREEMENT TO ACQUIRE A 50% STAKE IN HIVE CRYPTO MINING OPERATION, ENTERS MULTI-BILLION DOLLAR GLOBAL MARKET
9:00 AM ET 2/22/22 | GlobeNewswire
....https://www.globenewswire.com/news-release/2022/02/22/2389455/0/en/NSAV-SIGNS-DEFINITIVE-AGREEMENT-TO-ACQUIRE-A-50-STAKE-IN-HIVE-CRYPTO-MINING-OPERATION-ENTERS-MULTI-BILLION-DOLLAR-GLOBAL-MARKET.html
Good advice for certain, thank you sir.
Feel your pain mate...71 here. If I knew I was going to live this long I would have taken better care of myself...lol
"If the women don't kill ya, the whiskey will"
Yes, true indeed. I am accumulating when finances allow most certainly.
3 years...hmmm. What if one does not have 3 years?...lol. Well, the Great Grand Ankle-biters should be happy.
As I said...I'm all over the place with this buyback/no buyback but it appears there COULD BE one that has been taking place with all statements going back to the original Sept 2018 buyback announcement....thus being legal.
Here's the Metaverse Token statement from Jan 2022...
"NSAV will receive 7.5% of the total tokens issued as its founder's pool allotment, of which a chunk will be directed towards NSAV's previously announced share buyback program."
...https://seekingalpha.com/news/3790731-net-savings-links-metaverse-token-to-claim-380m-market-cap
Yes you are correct. A bit confusing as I was thinking in terms of "BEFORE" & not "AFTER" event. So buyback could be confirmed/verified this QTR, March/April 2022 or QTR2, July/Aug 2022.
Christ I'm all over the place with this!
Yes I found this announcement from September 07, 2018 09:20 which I suppose could still be in effect technically, old as it is...
...https://www.globenewswire.com/news-release/2018/09/07/1568001/0/en/NSAV-Announces-Commencement-Of-Share-Buyback-Program.html
I also seem to recall when SBC came into the picture some sort of announcement that a token sale's revenue would be 100% used for a buyback although no share amounts were mentioned. Have to keep looking. Maybe something HAS been happening.
Would this not be seen in the "FLOAT" quantity decreasing IF a buyback was going on??
Agree...there is no "behind the scene" buyback going on. Maybe this next Qtr Report will announce that one has been happening but not likely
IMO.
...Is a company subject to any reporting requirements in connection with its repurchase program?
Yes. Item 703 of Regulation S-K requires that, for all issuer repurchases of equity securities (whether an open market or private transaction), the company must disclose in its NEXT periodic report the following information, in tabular form, for each month of the PRECEDING fiscal quarter:4
the total number of shares purchased;
the average price paid per share;
the number of shares purchased as part of a publicly announced program; and
the maximum number of shares (or approximate dollar value) that may yet be repurchased under the program.
Additionally, for publicly announced programs, the SEC requires disclosure (in footnotes to the table) of the following information:
the date of the announcement;
the share or dollar amount approved by the board of directors;
the expiration date (if any) of the program;
each program that has expired during the last fiscal quarter; and
each program that the issuer has determined to terminate prior to expiration or under which the issuer does not intend to make further purchases.
Companies generally also include disclosure in the liquidity and capital resource section of their “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in their annual and quarterly reports.
...https://www.skadden.com/insights/publications/2020/03/share-repurchases...
DOW 34,395.89 -538.38 (-1.54%)
NASDAQ 13,796.15 -327.95 (-2.32%)
S&P500 4,395.46 -79.55 (-1.78%)
I don't imagine that Mr. Wong snorts adderall to help him through lengthy
speeches like DJT has done in the past.
There is confusion amongst shareholders as to who the "Market Makers" are and then the "market manipulators". These are 2 different entities.
STOP buying & selling your shares using the "Market" sell type. Set your own buy or sell price by using the "Limit" sell/buy type.
Want to take your shares out of the hands of "Market Makers" to borrow without your knowledge?? Put a "Limit" sale share price of say $10 on all your NSAV shares at a "Duration" of "Good 'Til Cancelled", they won't be able to touch your shares. If every NSAV shareholder did this, the share price would go up.
The word means "potato" in Ukrainian
Error...not for NN...ignore
You appear to be correct re time frame.....https://www.tetraconsultants.com/jurisdictions/register-company-in-philippines/philippines-cryptocurrency-license/
I wish the best for you & your child mate. Never lose hope.
"You buy cheaper shares to get your average share price down."...Yes one does...explain that to Mr. Krazie, not me. He thinks we're simpletons for doing this.
Exactly & BTW...I was asking HIM that question & if HE knew. Reading is fundamental...and I don't buy shares with "rice"
Sorry...exchanging ideas, concepts with you is a waste of both our time. I hope the best for you....
I agree....sorry mate my question was directed at the krazie wanker, not for you.
Myself though...I would have sold a quantity at $10 & repurchased a larger qty at $8. Increases the portfolio share qty & reduces my avg cost.
Does make the account look better indeed & creates a larger profit margin when the future sale eventually occurs.
Sorry about any confusion.
Tell me what cost averaging (down) is and what the purpose of it is.
So those of us who have averaged down are simpletons?? Mate, do you really understand what averaging down means?? It is a smart, sound trading tactic when the opportunity arises.
I have read many of your posts but this one is truly idiotic.
Good, informative article sir. All time market/share price highs are coming. Ironically 12 months after the last run.
Thanks for posting.
...https://www.zerohedge.com/markets/megasqueeze-deck-hedge-funds-unleash-biggest-short-selling-spree-history
When you say he/they want "our shares" what exactly are you getting at? There are approx 3.4 BILLION F%#king shares available in the Float for purchase. What are you saying?
"Clearly, the preferred technique for buying back stock is the open market repurchase program. In such cases companies either directly or through intermediaries buy their own stock on the open market. In the U.S., the legal framework surrounding open market repurchase programs is relatively ambiguous, particularly when compared to the legal structure (both for the process and the disclosure) of a country like Canada. In the U.S., open market repurchases are treated as material events. They are approved by company boards and, because of their materiality, are formally announced to the public. Yet apart from this initial announcement, no formal disclosure or registration (aside from what is buried in the standard accounting documents) is required to be filed with either the government or any stock market or exchange. There is no limit on program size or duration (although several studies have found that the typical open market program is for roughly 5% of the share base).5 Wall Street practitioners generally characterize open market programs as lasting two to three years, and this generalization has been confirmed by a recent study reporting that companies take roughly three years on average to complete their open market repurchase programs.
......http://burridgecenter.colorado.edu/html/images/Guest_Speakers/jacfsurvey.pdf
..."The SBC bank people are not here for chump change."....This I totally agree with & with the addition of this gentleman I have a bit more resolve & conviction.
....
Grateful speech and New Year's blessing from our Chief Strategist — Mr. Jean Michael FLOC'H 🤩🥳🧧🥰👏👏👏 pic.twitter.com/s4SbjBMBtT
— MNC 01 (@mnwsystem01) February 3, 2022
".... 4 promised BuyBacks , none have ever taken place."
However they have mentioned today that the buyback plan is still part of their program.
So I can assume that today's PR is affirmation to at least part of my earlier inquiry, the status of BW.com & buyback plan....
..."The Metaverse Share Swap Token (SST), the MNCN, is a 50/50 partnership with Metaverse Network LLC. (MNC) https://metaversenetwork.llc/. NSAV will receive 7.5% of the total tokens issued as its founder’s pool allotment, of which a substantial portion will be directed towards NSAV’s previously announced share buyback program.
Now if NSAV could just "casually/simply", some how make known that BW.com is still part of "the program" without violating any disclosure agreements that may exist.
Is BW.com, is a buyback plan still in the works???? No time frames needed to be stated...for the love of Christ!!!! JUST A SIMPLE YES OR NO?????
"Silence is an admission of guilt" someone once said.
Truth be told, once again most of the market sectors are in the red...
DOW is down 225 points....NASDAQ down 276...S&P down 58 & BitCoin down a whooping 650 points with all trending DOWN. NSAV unfortunately is caught up in this Red Avalanche along with hundreds of other OTC stocks. This could work in regards to SBC/NSAV's possible buyback plan. If only SBC could just confirm that BW.com & the buyback was still a goal....NO DATES, NO OLD STATEMENTS....just a simple, short tweet or PR that these are still ongoing. Would certainly make this bloodbath a bit more tolerable.
Investing in NSAV & it's management can be questionable at times for we average retail, amateur shareholders, however what gives me hope & confidence is in believing that these SBC professionals would not just gamble with their reputations, past achievements/successes, SBCs finances, etc....if they themselves see the potential with a partnership with NSAV. Especially this gentleman here....DATO’ SRI DESMOND LIM..."He is sharp and has a calculative mind for analyzing, mitigating risk factors and value-adding investment returns. He has a Fintech Economic master mind and planner."
...https://sbcfinancialgroup.com/meet-our-team/
Indeed Silverbear Capital is not a bank...however, if you've done any research, you would know exactly who they are...."SBC Financial Group delivers financing and capital raising solutions to enable companies and institutions to fund growth and strategic initiatives.
We are always on the lookout for international share based financing opportunities in the $1MM-$50MM range. "
https://sbcfinancialgroup.com/service-masonry/
I was referring to "what is" as opposed to "what was"....Not the number of users the BQEX exchange may or may not have. In regards to the Chinese shutting down accounts, hopefully those users move their accounts to American exchanges such as NSAV.
Jan 20th...NSAV "...is to (will be) acquire a significant minority stake in BQEX Crypto Exchange...."
Jan 27th...Nsav "...acquires (has acquired) a stake in BQEX Crypto Exchange..."
A bit of a difference I'd say...not old news...deal done.
Thank you for posting the article link Ms. Lydia.
Exciting statement within the piece....."The company intends to list on the New York Stock Exchange sometime in the first quarter of 2022."
https://investorplace.com/2022/01/nsav-stock-11-things-to-know-about-the-net-saving-links-metaverse-network-deal/
..."They are voluntary filing to fool those who do not know the rules."...
So advise us on what the "rules" are regarding NSAV kind sir. Do you know what these "rules" are? I'll help you out...NSAV... Reporting Status...Alternative Reporting Standard.
Enlighten us...what does this mean...do you know? And stop smacking your noggin.
???? Meaningless???? How does your reply have anything to do with what we were discussing? Stop Smacking your Head so much mate.
https://www.sec.gov/Archives/edgar/data/1432176/000121465921002758/d352108k.htm
Yes darling I'm afraid IT IS an SEC filing regarding any prospect of a reverse split stating that THERE WILL NOT BE one for a minimum of 5 years....8K eh?
https://www.sec.gov/Archives/edgar/data/1432176/000121465921002758/d352108k.htm
A fintech expert’s top 6 crypto predictions: Bitcoin hitting $100,000 is ‘ambitious but hardly insane’...
..." financial institutions will increasingly embrace cryptocurrency because customers are demanding that it be part of their portfolio. Many banks and financial service companies will make working with crypto a way to entice and retain customers."
...https://www.cnbc.com/2021/12/27/crucial-crypto-predictions-for-2022-from-a-fintech-expert.html
Bitcoin can hit $333K 'parabolically' if this BTC price fractal plays out...."After acting almost to the letter throughout 2021, BTC/USD stands to make huge gains in the coming six months if conditions remain the same."
...https://cointelegraph.com/news/bitcoin-can-hit-333k-parabolically-if-this-btc-price-fractal-plays-out