is...retired
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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.
Yes, I put $500 into that scam. Never saw a penny of it, and it simply disappeared, along with those that ran MJCoin. It was a shell game where the actual coins kept moving from one entity to another until you could no longer find them. That lesson was learned.
It only applies to FINANCIAL filings. Jesus people go read the rules sometime. No public company can skip filings for Significant Events. Period. The 8K is required, unless a quarterly or annual report is used.
Alternative reporting simply means that the financials are not filed with the SEC. It is an alternative method of filing financials only.
All other public company rules must be followed by any public company, ESPECIALLY with regard to any company action that can result if a share price change, as defined by the SEC in its list of Material Events. Form 8K is used to disclose these items, for every US public company.
You are wrong. Any public company that has a material event must file an 8K for it. SEC defines Material Event, which includes anything that can affect the share price.
No public company is exempt from these rules.
Alternative reporting is simply how the fins are reported - and tweets do not suffice for material events, as anyone who has actually READ the rules would know.
Opinions don't count against SEC rules.
That's not how it works. If it is 1 for 10, you lose 90% of your shares, but each remaining share is X10. So your portfolio value does not change. It is AFTER that when the problems occur. You can't trade for 3 days, but any converted shares by lenders CAN and DO get dumped while you can't trade. They get the higher price, while you watch the sp drop past the RS value. I have seen it drop all the way to the pre-split value. Instant loss of 90% of your portfolio value. ICLD did just that with only a 1 for 4 split a few years ago. I got out just before the RS.
That is absolutely not true. It is a PUBLIC company, and as such must follow the rules that all public companies must follow. It isn't SEC REPORTING for financial reasons, but that is all it means.
So, the BS is yours.
And...about half the float was bought a year ago, and much of that is probably still in the hands of the buyers. Obviously some of those were sold, but there were 3B shares bought up.
Watch out below if they ever decide to sell all of them.
No, NSAV is NOT buying shares right now.
I didn't say anything about a petition. I said a buyback can't happen before an 8K is filed with the SEC with the details.
Actually, that is not true. I checked. The 1 for 8 split multiplied the sp by 8 and divided the OS by 8, maintaining the market cap. That is normal. But that stock went down from the time of the split, 6/28/19 for 18 months, until it took off in 2021 for reasons far different than a reverse split.
They also did a 1 for 100 RS 3 years earlier.
The OS at the time of the split dropped to 177M. It is now 330M, so they have been diluting substantially. Shareholder value has dropped nearly 50% due to dilution alone.
Today's share price of $.08 is not related to the reverse split in any substantial way - it is related to the company performing better in 2021. Before that, the SP was declining after the RS...not exactly what I'd call a 'very successful' RS.
It is not revenues that will make a difference. NSAV has expenses, only one of which is those quarter million a year salaries. The other is that NSAV is not 'buying' into these various company deals without having any money to buy with. They are being funded for these deals, and those deals will have to be paid back out of 'revenues'. Profit? NSAV has never seen a penny of profit, and there is no indication yet that they can/will make any profit. Anyone that thinks differently simply does not understand what a holding company is.
Bullshit. Any reverse split is caused by one thing: trading shares for loans. There is never an upside for shareholders. It is a COMPANY survival strategy, and if used it TELLS YOU they are broke, have sold all the shares they can under the current AS, and can only keep the doors open by selling more shares - the reverse split gives them the shares to sell, but we all take a loss in the process.
I have NEVER seen a reverse split in years of trading that benefited the shareholders.
If you dispute me, prove it. What company? When? I will check that out and PROVE you wrong.
You obviously have never been through a reverse split. Everyone loses except the company. If NSAV announces one, I will sell ALL immediately. That would be over 100M, and others will do the same. Expect to lose at least 75% in any reverse split.
First of all, the 'no reverse split' is a red herring. Reverse splits are called by the company by changes in the articles of incorporation. That is a completely company-oriented change. There are no 'rules' that say a company can't change its articles of incorporation.
The point being that the articles of incorporation can be changed AT ANY TINE by the directors of the company, and that 10-year rule could hit the dustbin at any time. There is no rule that they can't change it. There is no rule that they can't do a RS.
This was fluff for shareholders, and if you BELIEVE it means something, you are wrong. It is meant as fodder for shareholders, nothing more. It cannot be enforced.
Besides, JT made this filing years ago, but people act like it's new. It's not. They use it as a carrot for shareholders, NOTHING MORE. They can change it at any time.
Those shares have been bleeding back into trade for months. No one is still holding them, which is why the share price is staying held down, while they dispense of them. Exactly what I would have done, given the opportunity and forehand knowledge that they must have had.
they bought at trip 1. They made thousands of percent on them. Even mine are still worth over 4000%. What's that, a 400 bagger?
I did over $6M without using charts in the last year. See the light? I use my head, not history.
Charts tell you to look in the rear view mirror, to see where you have been, to see where you are going. Drive your car that way, or buy your stock that way - makes no difference.
I'm ready. I've been waiting over 4 1/2 years. The one thing I have learned with NSAV is to have patience. Either things will happen or they won't, and they will almost never happen as fast as you would like. But my patience has left me set for life already.
Market cap is a simple mathematical equation - share price times shares out. Acquisitions don't figure into it.
Many here have a huge overestimation about how a holding company makes money. It is simple...when the held companies have revenue, and pay their bills, whatever profit is left over is split based on the owned amount of the company. If held companies have no profit, the holding company has no revenue. That is where we are today, and will remain that way until the next filings which are due by April 1.
They can't uplist until they become fully SEC reporting, which requires SEC approved auditors. All of NSAV's shares will have to become DTC compliant. That means, by definition, that there can be no unregistered public shares, such as we have in the dividend shares. No credible auditor would approve NSAV's finances with that glaring misdeed. So, if the intent is to uplist, they have some housecleaning to do first.
The discussion was about the CUSIP number for the 2017 DIVIDEND SHARES. It is likely different for each brokerage, but everyone with etrade has the same number.
NSAV doesn't have the money. They are financed. Read the last filings. No cash to speak of.
A public company can only buy back shares after it has filed with the SEC an 8K explaining exactly how many shares are anticipated to be purchased, over how much time, and other things about the process. It is considered a 'Material Event' by the SEC, and it cannot proceed until this filing is in place. So, no filing, no buyback.
Same as mine on etrade. Probably different for other brokerages.