is...retired
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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.
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.