is...retired
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When a tweet calls a person a 'board of director', I will believe JT is tweeting...none of the current terminology sounds like the last 4 1/2 years of his tweets. You can find most of them right on this board, if you go back and read them. He cancelled his twitter account from those days.
Why on earth would you think JT is speaking for NSAV? He already said he was gone, and that an interim CEO is in place. He has other companies to look after. There is no reason to think he has any involvement in NSAV itself these days.
If you don't understand how holding companies work, perhaps you should learn instead of making snide comments to those that DO understand how they work.
It is called splitting profit, not revenue. Duh...
That is just wrong. They don't split revenue, it is only profit that counts.
The only money NSAV will see will come from profit, not just revenue. If the exchange is not profitable, NSAV won't see a penny, regardless of how much money the exchange processes.
Holding companies don't produce anything - they assist other companies to get up and running, and hopefully profitable. It is only when the debt of the 'held' company is paid off, and profit remains, that any revenue occurs for the 'holding' company. So, if none of these 'holdings' ever produces any profit, NSAV will not see a cent.
I bought my partner 75M shares at $.0002...she's now a happy multi-millionaire...
I always sell into power. Sold 500K shares today at $.05, from trips. Still have 100M left. I've pulled out over $1M so far, and have plans to do so again and again.
So, blanket statements about how others trade are STUPID. What traders do depends on their own situation, not what some wonk thinks.
You can't go by that. NSAV will ONLY RECEIVE money if profit is made. If the company is not profitable, NSAV will get nothing. Forget the amount of money that is processed - it is the commission received on that business that counts, and that commission must exceed ALL of the costs of running the business AND have profit left over. NSAV will get a percentage of that profit.
I didn't say news events, I said material events, which is defined clearly by the SEC.
All public companies must file 8K's for material events. If it's 4 days now, so be it.
The whole point is to make shareholders aware of what insiders are already aware of, when material events occur.
8K's are due within 5 trading days of any material event.
Yes, it would take a broker that would accept shorts on penny stocks. I don't know of any. Call your own broker and ask. And again, it doesn't make sense to even do it. You'd have more in margin to put up as collateral than you could EVER make doing it, IF you were successful. If not successful, you stand to lose your margin.
For penny stocks, it is far simpler to just buy on dips and sell on peaks. Betting money that a penny stock will drop 10% is silly - it is just as likely to rise 10%.
You can't short penny stocks, but if you could, it wouldn't make financial sense. Why would anyone short a stock that has been growing for almost a year?
Business goes at the speed of business, not at the speed of impatient shareholders. Be thankful that we don't hear things that aren't done yet. I've had almost 5 years of that.
Everyone should know when the fins are due. quarterlies are due 45 days after end of quarter, annuals 90 days after the end of the fiscal year. OTCM posts the fiscal year date. Nsav, like most, is 12/31.
Why would anyone have an estimate of revenue? There is no revenue, so my estimate is none.
You'll know when the filings are due when you see the filed 'delay' of filings, which happens every year and most quarters, if not all.
I was able to sell some today.
No, don't even have them for sale. I'm watching the process. Etrade already cancelled my buys at .0002 today. Tomorrow, I can only sell. But I don't have enough to worry about the value - I want to see what happens after a few months, by just keeping a few shares to watch.
If you read my last 4+ years posts on nsav, you would know I don't lie. I had over 200M shares just last November, worth a total of about $3K. That was after holding 4 years. Whatever changed in November did it for me. I pulled at least $1M out of NSAV to put into monthly dividend stocks, which brings in about $10K/month. No matter WHAT NSAV does.
I have over 100M shares. I used to have over 225M shares. I have pulled millions out of NSAV, and have $3M left in nsav. And you ask me why I don't sell? Sheeit...
They have never had profit or revenue. But, NSAV has made me a multi-millionaire, and some of my friends too.
Why don't YOU sell, if you actually have any stock?
Revenue doesn't mean shit unless there is profit. You have to make more money than you burn each month to have any profit. In NSAV's case, their holdings have to have profit, not revenue, to give NSAV anything.
I bought enough shares to simply watch the process. I didn't buy any 'stop' shares, but this one is at yield, and I'm curious enough to spend a few bucks to see what happens. Like, if it goes dark, can it come back to pink current if they get current, etc. Time will tell...
You realize of course that MM's have nothing to do with share price. They fill orders and collect a cut. It is SELLERS that drop the price. Idiots that sell at market will drop it every time.
If traders always sold at limits, that wouldn't happen.
MM's clearly post what they will pay for shares, and what they will sell them for. If you offer to buy or sell within that range, it will happen. If you buy or sell at market, you will get something, but you won't know what it is until it's done. THAT is where the MM's clean up - you are SAYING I will buy them for any price, or I will take any price for my shares. They change their spread instantly to do a market order.
Gee, really? The legacy still remains to be cleaned up before they can uplist. Stop nitpicking me...
You said profit. There is no profit. There might be revenue, but any revenue NSAV realizes will be taken from the PROFIT of any of its holdings. If the holdings are not profitable, NSAV won't see a penny.
That dividend was a mislabled, misleading endeavor. The proper name for it would have been a forward split, 1 for 10. Instead, he called it a 'dividend' which it was not. And urging us to buy shares to get the dividend, then locking them up for years was pure underhandedness.
Mr. Nasty will get his comeuppance when they try to uplist. They can't uplist with unregistered shares in the OS. When that is fixed, we should get our rightful shares without having to pay for them.
NSAV has never turned a penny of profit. If it had, it would be in the filings. Still waiting.
Reverse mergers are for private companies to go public, but almost always it is into a clean shell that is not even doing business. There are many for sale online, and all you have to do is pick one that is suitable. I can't see anyone choosing an 18+ billion outstanding share shell that is actually in business as a target for a reverse merger, unless it is in a similar business to start with.
It is already a public company. There is no reason for a public company to do a reverse merger. That is for private companies.
It is illegal to create convertible notes when the AS has no room for the conversions. So, there are no convertible notes to mature to start with. Notes are not created using preferred shares, so that's out of the question too. Almost all of the AS is issued already, and the remaining ones are up for sale in the so-called 'offering'.
JT is no longer a part of NSAV either. So he's not doing anything, any more.
But in general, when notes convert, they are not restricted shares, and the lender dumps them immediately. They lend money, and are not stock traders unless forced to take shares in lieu of payment.
Dumps are shareholders selling at market. That drives the price down. You cannot ever detect dilution, and since there are not many shares left to sell out of the treasury, that won't cause it. they wouldn't be immediately sold anyway.
It doesn't matter. The AS is 6B and the OS is ALMOST 6B. Less than 100M remain, which is not even noticeable. It is almost no dilution, too. Maybe 1%, but I'm not going to calculate it.
No, ask the TA. OTCM is only updated when filings hit.
3 billion shares would make them a 50% owner of all common stock. Once over 5%, SEC filing is required by the shareholder. SBC is smart enough not do do that.
But someone did start buying commons about that time, and it has never been explained. Maybe a group, which could get around the filing by each holding under 5%. I almost had 5% at one time, but in 3 portfolios.
Just go to the OTCM and READ the rules. I never said a thing about global anything. I said the OTC (over the counter) market is automated. Read it for yourself.
The OTC is an automated market. People don't make the decisions, computers do. Every trade is archived in a database. Every purchase, every sale has the number of shares, the price, who sold, who bought and who the MM is. There is no room for people to stick their fingers into these trades, and fraud could be found with the simplest of tests.
A fully automated market with complete audit trail that shows everything that pertains to the trades.
It is TRADERS that hold the myth that MM's somehow manipulate the share price, as if there were actually people involved, and as if an MM was an actual person, instead of a computer program.
Jesus folks, let go of these myths and learn how the system works. For God's sake CALL ANY MM AND ASK THEM HOW IT WORKS IN THE OTC. LEARN about it, instead of repeating myths. If the share price isn't doing what you like, it is because of TRADERS, not MM's.
You are wrong. That would be totally illegal, and the SEC would close them down or fine them. They are BROKERS, sort of like cashiers in a store. The ONLY money they make is off the spread. Period.
All of this talk about Mm stock manipulation is ignorant traders that don't understand what an automated market even means. There are NO people involved in our trades, only computers. No tin hatted guys with their secret laptop trying to make beer money off penny stocks. Jesus, educate yourself.
Mm's are not stock traders, they are brokers. The ONLY time they buy or sell from each other is when the stock is illiquid - meaning no trading. That is their JOB.
Why do so many people think that MM's care a shit about a stock's price? They aren't TRADERS. They make a CUT of each trade, regardless of which direction the share price is going. They FACILITATE trading, not manipulation of the share price...why would they even CARE about share price? They don't TRADE, they FACILITATE US to be able to trade.
I haven't sold any since it dropped below a dime, and won't until it's back to that. I sell on the way UP, not DOWN.
Never say reverse merger unless you actually know what it means.
Sure, a private company is going to reverse merge into a holding company. NOT!
MM's have nothing to do with it. If you offer your shares at their bid, they have to buy them. If you buy at their offer, they have to sell them to you. They set their spread, and TRADERS decide what to do. So, it is TRADERS that affect the price, not MM's.
If you sell at market, the price will dive, because you are saying you will take whatever MM's will give you for them, and their offer goes down immediately.
No, that is wrong. OTC manages all of the otc current statuses. It is an OTC tier, and regardless of how they report, the reports must be filed AT OTC and readable there. Pink is simply one tier of OTC, so they are OTC reporting regardless of whether they are SEC reporting or not.