is...retired
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It depends on the series of the preferred shares. There are voting series and non-voting series.
They keep talking about uplisting. They won't do any uplisting with unregistered shares. That will have to be fixed first. I'm not paying NSAV for those shares they supposedly 'gave' me. I've waited for years, and I can wait more.
Oh, it still exists. Worth almost $3M at this point. I've taken out all I need and reinvested it and paid off all debt. So I'm fine with just sitting on the rest for a while.
The buying back of a company's shares is a legal function that must be accompanied with a filing explaining exactly what is going to happen, how many shares are involved, etc.
Anything else is stock manipulation, which would be illegal.
The company itself can absolutely not buy shares without that filing.
https://www.investopedia.com/terms/r/rule10b18.asp" rel="nofollow" target="_blank" >Rules for buying back share
(For some reason, this url won't post correctly.)
"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
The maximum number of shares (or maximum dollar amount) it can repurchase under these programs"
There will be no share buyback until the company is current in its reporting.
Actually, I did sell 100M on the the way to $.15...still have another 100M to go. Willing to wait on that.
Nailed it...
Yeah, dilution. With ALMOST 6 Billion shares already out, that last 90 MILLION is sure to tank the stock. NOT!
$10M Monday morning, $3.5M now. That could be considered painful. I hope the current management can bring it back, but even if it can't figure it out, I extracted over $1M this year and that is making me money monthly now.
The fact remains that NSAV has never made a penny. Lots of ideas, no follow through. At least ONE of these ideas needs to start making some profit for the company or it is destined to be a company of ideas only. And I have been in NSAV since early 2017 and have seen a TON of ideas not materialize.
The AS has nothing to do with it. that's how many shares are authorized, not in play. You can't 'retire' AS. sheesh, at least learn what you are talking about.
And HPIL cannot 'buy up' any shares while they are delinquent, and without an 8K describing what they are doing. That is not going to change, it is the law. No public company can buy its shares back without a filing, period.
Offering -
Does anyone have the details of how you go about acquiring some of the offering shares? Is there a contact name/number?
That's not what I said. I'm talking about a CEO of a company coercing others to buy up large amounts of stock to take it out of circulation. THAT is illegal. This CEO has already stated that.
Strictly speaking, if a private group bought up a lot of shares and then sold for profit, that would technically be illegal too, but that happens all the time - especially in these pinks. Hard to prove if they don't use an easy to trace communication system.
They had better be very careful. It is illegal to hire groups to buy shares to help the share price. That is share price manipulation, which the SEC would take a very dismal view on.
Yes, that would be trading. They could buy up large amounts of shares, but they'd have to hold them to ever have an affect on share price.
A buyback is just that - the company buys shares from other investors, or on the open market, and RETIRES them, reducing the OS. That is a legal act which requires filing with the SEC before it can happen, and it can't happen in a delinquent company.
There is no such thing as mm's signaling. All you are seeing are tranches - partial trades. They are NOT ORDERS, they are PARTS of ORDERS.
Some of you really need to read how and why MM's operate. This is an automated market, meaning there are no brokers in their tinfoil hats, typing away on thousands of computers trying to manipulate penny stocks. There are over 10,000 such stocks, and on every message board, the mm's are blamed for manipulating stock prices. That is the ONE thing they DON'T do. They facilitate trades for a commission, and they ONLY make a commission, they are not TRADERS, and they could give a shit what the price does, because they get their commissions whether the price is rising or falling. Got that? They are not traders. They are brokers, little more than the cashier at your supermarket. Their commission is like the sales tax. THAT's IT.
There can't possibly be a share buyback until it is filed with the SEC to do so. And, it cannot happen while a company is delinquent.
You're right...I keep that tab open all the time on my browser, and have been checking it every day. Finally, it is secure.
You can't liquidate a position if no one is able to buy it. It's called bag holding. You sit on them and hope the company can become current at some point in the future.
Brokerages say it 'may be difficult' to liquidate a position. What they should say is that it will be impossible.
There are no shorts in penny stocks. Period. Try shorting 100 shares with your broker. You CAN'T. They won't do it.
There is no share buyback. At least, not until the stop sign is off, AND an 8K is filed with the details. You are dreaming. Don't count on it until you actually SEE the details.
You know, every time you claim shorts are getting burned, you are showing your own ignorance. THERE ARE NO SHORTS IN PENNY STOCKS. PERIOD. TRY IT! TRY IT FOR ONLY 100 SHARES. YOU CAN'T.
The approval was for interacting with OTCM. It is still pink stop. That is the next milestone, and we do not know if/when that will happen.
I've had 200M shares for FOUR YEARS. Yes, I am patient, and the 100M I did sell set me up for life. What's left of it.
So what? My point was simply that someone sold a lot at market, and THAT is what causes the price to drop. And, since the big trade was before normal OTC trading hours, it was a person or entity that had the ability to trade before hours that caused it.
No one knows who or how the NSAV stock price started its climb in November, and no one knows what or who caused this selloff.
There have been no promises. The SED/OTCM market forces are working on their own timetable, so no company knows when it will become current. The CEO has nothing to do with it.
I have sold half my 'stash'. From 200M to 100M. I put the proceeds right to work on dividend stocks, which provides about $10K per month to 'supplement' my social security.
That's not the point. They sold their shares because of perceived failure of the company to come through on their plan.
They regurgitated that same 'we are on track' PR every week, and just before the failed launch.
SOMEONE had to know that the PR didn't match up with the facts.
buyers, sellers, and MM's. If you sell at market, MM's HAVE to buy them, because your offer is within their spread. That's why, when you sell at market, they disappear immediately. And, that's what caused our precipitous share price drop.
It is not a secure site. It is not an exchange. It is, at most, a demo.
I've been in one that went to 9.7 cents, with my sell at 10 Cents. It crashed back to trips. Anything can happen in the pinks. Actually, that one wasn't even a pink, it was a QX at the time. Followed by two reverse splits, most shareholders lost 90% of their original investments. I sold all the way out early, so did ok.
It has been that way since 2016. You can SEE it on this message board, in the 60,000 count messages. Saw it just today.
Charts are HISTORY, not FUTURE.
A buyback is not even POSSIBLE while they are delinquent. Once current, there will have to be an 8K that describes what they intend to do. HPIL cannot 'buy back' any shares from anyone without that filing.
No use talking about it over and over. It CAN'T be done until the above things are completed.
There was no launch. There is no exchange. NSAV is not an 'exchange company'. It is a stinky pinky with some reasonable sounding plans, but it is the plans coming to fruition that counts, and so far, nothing has, for the last 4 years.
No, it is neither functional nor operational. It is a web page that does absolutely nothing. It is not a secure site. Your browser will warn you it is unsecure. It was NOT a launch, unless you call blowing the launch up like a rocket is a launch.
The numbers on the other coins don't even work. It is a static page that any teenager could have designed.
I know how the system works, and I have seen no EVIDENCE that they can skip any of the filings.
It's not a chill, dope. It is not registered with DTC, and never has been. These same things were said in 2017, 2018, 2019, 2020, and now about 10 times a day. TDA doesn't do NSAV, period.
If it was ready, it wouldn't still say 'NOT SECURE' at the website of the exchange...
NSAV Exchange
First, he never said 'today'. No CEO can predict when OTCM will approve their filings.
And, he has nothing to do with when OTCM changes the sign - they do it when they are satisfied with the filings. If they ask questions, HPIL will answer them...and on and on. Remember, there are 20 missing filings to get approved, and they are sequential. A change in one could mean a change in anything that follows.
Actually, it was in early 2016 that tilton took over as CEO.
Tilton appointed CEO