is...retired
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As correctly predicted by me months ago. They are ALWAYS late.
You can't. MM's can. We are restricted to 4 decimals. I bought a lot at .0001 where the price showed lower than that. You can't place a bid for lower than .0001, so I got them at that price, and the Mm's made out. (But I've made out since then!)
That's still not how it works. The revenue of BM will first go to paying the bills, including any loans taken out to get the business off the ground. What is left is profit, and THAT is what NSAV gets a portion of.
No, that is not how it works. NSAV gets 51% of the PROFIT, not the revenue.
NSAV is not DTC compliant, never has been. TDA doesn't trade such stocks. I doubt NSAV can uplist without solving that problem.
All EXCEPT TDA...
Absolutely. There is no shorting of this stock. Count on it. Ask your broker; they will tell you you can't short it. Period.
It can't be one purchaser. That would require SEC filings for anything over 5%. We're talking 50% here. But yes, I think they still have most of those shares, and are slowly siphoning off cash.
I had 275M at one time, and am down to 100M now. I have taken millions out myself. That's what I think this group is doing also, except that they seem to sell at market. None of us have enough shares to make that large of a change in share price, in the amounts that would drop it.
I'd bet if I sold 1M shares at market, you couldn't even detect it.
I wouldn't be too sure about that. We don't know who bought all those share last year and we don't know WHY. There is no indication that they have sold them, or we wouldn't still be at .04. NSAV has no profit yet that we know of, so what is holding the price up? Only half the OS is trading, and that's exactly why. There are many deals 'in the making', but that doesn't hold up share price - completed projects making money is what increases share price. Mere MOMO will not hold the share price up.
3 billion shares at .0001 is $300K.
3 billion shares at .04 is $120M.
If a group planned to buy half the OS and hold it until share price stabilized, they would have done very well in under 1 year.
The share price drops when people sell at market. I literally NEVER sell at market unless I am exiting the stock entirely. But someone with enough shares to affect share price is selling at market.
That plays into the MM hands, who can buy them cheap by dropping their bid after each tranche.
If you look at any MM's spread, there is a bid, an offer, and an amount. They MUST buy or sell at their spread, but only for that amount. THEN, they can drop their spread and buy another tranche, then repeat. And they can change the quantity as well. And, they have to do it fast enough that they 'beat' other MM's doing the same thing. This is why, when you sell at market, they are all sold immediately, but if you look at the tranches, you will see that they continuously drop in what they pay you.
The buyback program, if it is ever implemented, will have to wait for NSAV to be profitable. It takes cash to buy back shares.
It will not start until there is an 8K or other SEC form explaining exactly what they are planning to buy back, for how much, and for how long. There are rules.
"There are four conditions that must for met in order for a company (or its affiliates) to reduce liability when repurchasing shares of the company's stock. First, the issuer or affiliate must purchase all shares from a single broker or deal during a single day. Second, there are certain requirements for the timing of the purchase. An issuer with an average daily trading volume (ADTV) that is less than $1 million per day or that has a public float value below $150 million cannot trade within the last 30 minutes of trading. Companies with higher average trading volume or public float value can trade until the last 10 minutes. Third, the issuer must repurchase at a price that does not exceed the highest independent bid or the last transaction price quoted. Finally, the issuer cannot purchase over 25% of the average daily volume."
And:
"In addition to meeting these four requirements, companies are also required to disclose certain information quarterly on Form 10-Q, and annually on Form 10-K. The company must provide a table showing several month-by-month statistics. These statistics include:
The total number of shares purchased
The average price paid per share
The total number of shares purchased under publicly-announced repurchase programs (Key word: Publicly announced, means an SEC form, not twitter.)
The maximum number of shares (or maximum dollar amount) it can repurchase under these programs."
When share price drops, people are selling at market instead of at a limit. Remember those 3.5B shares that were bought up late last year for peanuts? They are up thousands of percent now, and whoever holds them is simply dumping enough to take out a lot of cash. Eventually, that will be over, but it can take a long time to cash out half the OS.
Not much anyone can do to stop that. They bought em cheap, and are making huge profits on them now.
As I said long ago - we don't know who or why all those shares were bought up, but it had the effect of a share buyback...only half the OS has been trading this year. Now, it appears that the unknown parties are walking away with cash. Don't expect that to change any time soon. That has the same effect as dilution.
There is much more to a buyback than most people realize. The SEC must be notified via 8K or another acceptable form, it must say how many shares are to be bought, at what price range, and over what duration, among other things. The company cannot simply start buying its own shares on the open market. That would be STRICTLY illegal, because it would be stock price manipulation in its most basic form.
There is no need to name a permanent CEO any time soon. They are doing just fine as they are, and he is getting the feel for the company business.
Interim CEO's can last months, if not years.
In a few days, the fins are due for Q3. That should result in a cleanup of the OTCMarkets that still has Tilton listed as prez. Unlikely that he has any say, of any kind in the business now. He's off running his other 4 companies.
Why on earth would SBC keep him on? He BLEW it over and over. He has serious legal problems. He knows nothing about the new business. He has 4 other companies to manage. He has always had a huge salary, which I'm sure SBC doesn't want to pay. $250K/year, if memory serves.
Look at the addresses and lawyer for those other companies I posted. Yes, it is still Vic as lawyer, and addresses in London and MountainHome. Same stuff, different companies.
Yes, I am sure. I've been reading his tweets since early 2017. There are too many clues. Today's news didn't mention 'loyal' shareholders, which JT would have said. It just said shareholders.
Look, JT is a liability, and they cut him loose. Why is it so hard for people to understand that? He SAID he was stepping down, and he SAID he didn't understand the crypto business. Color him GONE!
JT is CEO of at least 4 companies.
NVYN is the newest one.
LVYN Disclosure I don't know if there is a twitter account.
Here's another of his companies: TIPS
TIPS profile
And of course, there is still CHIF:
Chif profile
And, last but not least, TNMD
TNMD profile
JT has a huge lawsuit with Jake to settle, and I don't see how SBC would let JT stay on at NSAV with his legal problems and runny mouth. His stock is his stock, so that makes no difference.
Go back and read tweets from a year ago, compare to now, and they are NOTHING alike. If the tweet doesn't say 'loyal shareholders', it is not him. He ALWAYS uses that term. And a string of superlatives to pump everything much bigger than it actually is.
Anyway, he is CEO of at least 4 public companies right now, and there is no reason to think SBC would keep him on with his legal problems.
Tilton is no longer tweeting anything from NSAV. Period. He's gone, in case you have no ability to read.
No, the MM's have not stopped shorting. That report is meaningless to start with. If mm's don't have shares in their inventory to fill an order, they might borrow or buy if they can stay within their spread.
It is MEANINGLESS to us retail traders. It is simply a measure of MM activity. Nothing else.
You guys need to learn what that report actually means, and how MM's actually work.
There is no one shorting NSAV. Anyone that thinks there are shorters in NSAV retail have no idea how it works. Don't believe me? Try it. You can't short penny stocks. It only shows ignorance on the part of those continuously claiming that people are shorting stocks like this.
Even if you COULD, it would not make sense to short a volatile stock that goes up or down daily. You'd lose your ass.
There is no one shorting this company. Don't believe me? Try it. You won't be permitted to do so.
before I retired, I was a 'Strategic Partner Director'. That means my job was to work up deals with partners that had tech that we needed. It takes time to work out the final details of any deal. We didn't announce any of these deals before the ink dried.
We reported what we had DONE, not what we were TRYING TO DO.
So, naturally, any talk of what they are trying to do meets my eyes as not news, but fluff. Show me something that is completed, and you'll get my attention.
Well, they have not 'promised' a damn thing. It is unrealistic expectations by traders that is the real problem. Business does not go by trader clock, it goes at the speed of business, where there are many details about any change in ownership in companies.
There are lawyers at both ends, and each is trying to get the best deal for their company. That's their job.
It can be back and forth for weeks, if not months.
Just sit back and wait for actual accomplishments instead of accepting every tweet as some kind of 'promise'.
There are no promises in business, unless your name is James Tilton, and even those promises never materialized.
It depends. I always sell at a profit, but I'd sell the highest one that is profitable first, thereby lowering my share price average. That would hopefully mean a higher profit long term.
Nope, that's not how it works.
First, the revenue that is recognized by BW will go toward paying the bills. That is, the run rate, or how much it takes to keep the doors open each month. IF there is revenue left after paying the expenses, as well as any loans that were taken out to get the business running, then what is left is called profit.
NSAVV gets 51% of the profit, if there is any.
A holding company doesn't earn money - the companies that are held make all the revenue, and pay their bills. NSAV will only see money if the 'held' company is profitable.
IT has absolutely nothing to do with how much the 'held' company 'processes' in a given day.
Until we see BW's financials, we don't know if they are profitable or not.
That's not the point. NSAV is the point, and the OP was posting as if it had something to do with NSAV. It does NOT have anything to do with NSAV stock. This isn't the big boards, bud, it is stinky pinkies, and no one is shorting them.
It has nothing to do with retail in penny stocks. Who cares about how MM's do their normal business?
Short interest has absolutely nothing to do with 'shorting' the stock. Look it up. Short volume is also not applicable. penny stocks are not shorted anyway, except by mm's, which is normal for them.
The financials are not late. Q3 is due mid-November. If they were late, they would not be pink current. Log onto OTCMarkets NSAV to see them.
Yes, we know SBC is behind NSAV now. It has been a rather slow transition, with JT being phased out and replaced by SBC players.
But I never said I would sell at a nickel...I sell a LITTLE at each step up. I sell in 500K tranches now, but only while it's going up. Back in February, I'd sell 10M at a time while it was increasing in price. Then sells dropped to 5M, then 1M sells when over a penny. I still have over 100M remaining.
I haven't sold any since it dropped back from $.14, but I did sell on the way up - and will continue to do so. No one notices when I sell, because it is when the price is increasing, meaning there is demand for the shares, and SOMEONE has to sell in order for there to be shares to be bought. And I always sell at a limit to prevent the price from dropping.
When the price is increasing, I sell enough at one time to get between $25K and $100K per sale. That will continue until we reach another tier, then I'll drop it down to 250K.
I've pulled out over $2M so far. My partner and I are looking at homes - we each own our own now, and have finally decided to get married and buy a home to share. Then we can sell ours, and pay down the new mortgage.
A typical home here is now over $500K. We're looking at one that is at $800K now.
That's one opinion.
Another is this: We still don't know who bought all the shares in November 2020 to start this run. And, we don't know why. We don't know when or why they sell, or if they are still trading those shares.
What we do know is that they bought enough shares to raise the share price from sub-trips to pennies. That's power. They still have that power, because if they had sold them the stock would have tanked again. They are the ultimate longs now, and we don't know who they are, and when they will sell or if they will sell.
What we do know is that there is an enigma, and it may play out to our advantage, or not. Nothing NSAV has done, by itself, has deserved this share price rise. So, there is no reason to expect it to rise until actually NSAV revenue happens.
Actually, JT put the no reverse split clause in the articles of incorporation long before SBC was a gleam in JT's eyes. He has pumped that idea for years.
But remember - it can be changed by a simple vote. The AOI is something that is under the company's control, and it is a simple matter to change it.
Yes, you have to have the atty letter. And, you pay him $500-$800 for that letter.
I'm not going to pay money to get my dividends. I'm going to wait until NSAV gets serious about uplisting, at which time the dividend shares will have to be registered. It is, frankly illegal to give people unregistered shares. That's exactly what JT did, and it will have to be fixed or stay in the pinks.
NSAV doesn't GET revenue sharing. Forget what the dollar volume of the exchange is. The only thing that NSAV will see out of any of these deals is if the individual businesses make PROFIT. It is NOT about revenue, you're dreaming if you think NSAV will get part of the revenue before the individual company is actually profitable. Revenue is what pays the bills. Profit is what NSAV gets part of.
We don't know what it costs to run these exchanges 24X7x365, but it takes real money, and paying the salaries of the employees and principles, as well as paying off accrued debt comes before NSAV sees a panny.
Don't know why everyone is so interested in revenue. Revenue pays the bills. It is PROFIT that pays NSAV. It is a holding company that makes nothing if its holdings don't make profit.
It is NOT revenue sharing, it is profit sharing.
I started buying NSAV shortly after Tilton took over for the previous CEO in 2017. One if the early offers from JT was a 'stock dividend', where you would get one new share of NSAV for every 10 you owned. That's where my first 5M shares came from, and I still have the 500K shares that were 'given' but they are not registered, and are restricted, and are now over 4 years old. You can only get them free trading by paying money to the NSAV lawyer. Many have done so, I have not. I figure they can never uplist until all shares are registered anyway. A trap of their own design.
AFter that, there was another 'dividend' where you would get one share of Hemp Beer, a new spinoff, for each 17 shares of NSAV you owned. I bought a ton of shares at the then-price in anticipation of this new divedend. That one didn't happen,
As the price declined after all the talk of hemp business (many plans), I bought more to bring my average down. I got my average down, but the price still declined, and nothing happened for about the last 2 years, until it started to climb last November.
As the price climbed, I sold shares off, first at 10M blocks (at a limit, of course), then by 5m, then by 1M and now when it hits a price point, I sell 500K. Next one is at $.061, which I expect soon.
You can read all about NSAV's 'projects' in the history of these messages, starting back around May, 2017. The old twitter account is gone, but many of those tweets were copied here, so they can be found.
It should be known that not one single 'project' that was talked about in those years actually happened. A lot like now, but with more 'promise' today. NSAV has never made a penny of profit.
You're right, I didn't actually 'know' what would happen, but I did buy about 275M shares altogether, and many were at or below .0001. I understand that one click up means a doubling of money at that level. And .0001 to .001 is a 10 bagger. That is what I was counting on, because I thought that was possible. And with sufficient shares, that's real money. Did not ever expect this, though.
I still look for such stocks, although I'm no longer buying any penny stocks. I'd still throw a couple thousand into another .0001 if it looked like it could repeat that action. I counted my and my partner's NSAV yesterday, and we still have 107,500,000 shares of nsav. Altogether worth $5.8M today.
That is not what I said. He always called ANY director a 'board of director' (no 's'). Go back and read them. I commented multiple times that he didn't even seem to know to call them directors.
Yes, I know what a board of directors is, I used to be a member of one.
From NSAV twitter, May 5, 2021
"Now for NSAV's newest Board of Director and Silverbear Capital partner, the amazing Mr. Danny Lau. Anyone who took the time and patience to listen to Danny today and was not blown over, I just don't understand."
JT always used superlatives, like AMAZING, and LOYAL...
In fact, he said loyal shareholders as if it was one word. And yes, he called each director a 'board of director'. Go back and read about them.
"Thankfully I made it on before the market opened since I promised I would. My apologies for being later than I would have liked. But you all know that my other board of director, Mr. Yuen Wong is based in Hong Kong, as well as Silverbear Capital & TG Private Equity Inc."
This all from April tweets.
It appears that 'someone' deleted all NSAV tweets prior to April 6th. But, they can be found right on this message board, by searching past messages...
Reading the current filings, it is positively JT, and the company (LVYN) is pink current. And it is a shell company with no operations.
LVYN disclosure