is...retired
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I'm in Oregon, so that trip, while potentially interesting, won't happen here. I'm less interested in the new 'tech' than I am in just seeing NSAV's share price increase. In listening to the podcasts, I found little of interest to me. I do understand it enough to know what it is, and have invested in crypto in the past, but no more. I even bought some of JT's MJCoin, but they disappeared with my money in their back pocket. I'm down to around 50M shares now, from a high of 285M before the big spike in 2021.
Fins are due Aug 15. 45 days after end of quarter.
What a stupid comment. Most stinky pinkies are unaudited.
Ok, smartass, SPZI ONLY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Keep it on the subject of SPZI. We don't all need to know your opinion of other stocks.
7 posts and already ignored. Good job...
Amazon's market cap is 1.94 TRILLION. Market cap is merely total shares outstanding times share price. There will be fewer shares as JP3E grows.
No, the 'MMs' have not done anything except post their spread - what they will pay and what they will charge. There isn't just one, you know. They compete against each other, not against traders. Saying the 'mms' are doing stuff like that just shows your ignorance of how the market works, and what mm's actually do.
You are hereby blocked. This is a message board to discuss the stock, not post blurbs from AI. Buh-Bye!!
No, not in the least. Bashers usually don't even read responses - they COUNT them.
What revenue? Read the fins.
They don't go broke. They make money. Read their profiles and see how many message boards they post on. Read their posts. They make more money that we do with the stock, and there is only a requirement to keep posting and eliciting responses. When you respond to one, he/she smiles, because that means a success and a payment.
When I see any 'bashful' post, the first thing I do is read their profile. I don't even have to see more posts, it is all evident what they do, their profile is their HISTORY.
That's not the point. Data center space is leased, and it can run $5-8M per year, with a typical 7 year lease. Data centers now utilize about 3% of US electricity, expected to double in 5 years. And you can't run things like crypto without data centers. The cost of energy continues to increase, and will only continue to increase, driving up costs of operating data centers.
Costs are probably different in different countries, but it has to be up 24X7X365 and be basically instant access. The data center cost to run NSAV's businesses is easily the largest expense, and it is ongoing and that cost will increase as the business grows and they need more data center space.
They are renting data centers. That ain't cheap.
Uh, this company has only been in existence for less than 6 months.
Uh, technicals? Huh?
But carry on...
Why should a new company use the name of a company that no longer exists? Spooz is gone, all of its employees are gone, and no one owns any spooz shares. It is VANISHED out of existence. JP3E is a new company with big plans, and the name is indicative of their plans.
What's not to understand?
Oops, once I saw your profile, I realized you're a basher that I should have ignored much sooner. Now done. Blaming MM's for trader activity is just ignorant.
If you can't understand that OTC MM's are computers and not people, I'll just block you so I don't see your nonsense any more.
On the contrary. There are no games. Just business as usual.
What I really said is that they will have to clean up the unregistered stock situation before they will be permitted to uplist. They can't get DTC compliant until those share are cleaned up either. DTC is required for uplisting. If the new CEO thinks those shares are bogus, that's a different thing, but we have not been told what the real problem is, and until then we can only speculate.
MMs trade at 5 digits.
Yeah, right. I bought most of my NSAV in 2017 and am now financially independent thanks to those shares. Sold about half, still have about half.
That's a good idea, but I have a hunch they don't want to honor the dividends. They are not even registered.
A public company cannot buy shares on the open market. Period.
No, not wrong, I read what he said too. But it seems that he is unclear what the count is. I suspect a buying/selling group is involved, which is highly illegal. They absolutely can control share price by how they buy and sell. If they work together, they can amass a lot of shares. That is the problem with multi-billion OS companies...a lot of shenanigans are possible if buying groups team up.
You can find out by reading the fins. It seems to me that it was close to 5%, which would be in the ballpark of 350M. He is not listed as a 5% shareholder, so it must be less than that.
MM's are not people. They are computers. Every. Single. Share. Bought. Or. Sold. Is. Recorded. Permanently.
The activities of all mm's can be audited to find any 'nefarious' activity. That does not happen. They aren't people, they are computers, acting as dealers, providing shares to buyers and buying shares from sellers. They get their commission on each sale, and each purchase. That is the way those companies make money. Their profit is their cut. They deal at 5 digits, while we deal at 4.
So, no, MM's are not playing games. Just making that statement shows ignorance of how the market actually works.
Back when JT first took over NSAV, in 2017, he gave every existing shareholder a 'dividend', which was a gift of one share of nsav for every 10 shares you owned. I bought my first 5M shares then, and got the 500K share dividend. It turns out that those shares were never registered with Finra, and they were and still are restricted. If you pay NSAV's attorney (who lives about 30 miles from me) about $500, he will arrange to get those shares registered, and the restriction removed, upon which you can sell them.
That was a 10% increase in the OS when it was done. I don't remember what the OS was then, but it could be found by looking at the fins in 2017. At some point, the OS increased by 10%. Hard telling what the new CEO was talking about without more details. I still have my 500K shares.
It isn't just what I say, it is what the SEC says about a public company buying its own shares back. I'm not going to go find it again, because it was a bit difficult to find because the SEC doesn't call it that. But it is there, and it is meant to protect shareholders from any stock changes that the SEC considers 'significant events'. Significant events are ANYTHING that can affect share price. Even the hiring and firing of directors is a significant event.
Nobody is holding a billion shares. Any shareholder with over 5% of the OS must report it publicly. For 7B, that would be about 350M shares. I once had 285M shares, but not all in one account. Anyone with over 5% holdings would be reported in all the quarterly and annual reports. There are none. But there can be teams working together which is illegal, but nearly impossible to detect.
At one time, I proved I could change the share price all by myself. I sold 10M shares at market, and the sp dropped 10% as a result. I can go back in the archives of this message board and show that. That, to prove to people, that selling at market is the absolute worst trading strategy there is.
Jake Noch.
This, in spite of the fact that it makes absolutely no sense to short a sub penny stock. Any brokerage that will permit shorting DOES have a MARGIN requirement, which means you have to GIVE THE BROKER your money BEFORE they will accept the order. Would you give up $25K to your broker in the hopes of making $5 ONLY if the price dips 10%? That would mean, for example that your share price is $.005, and you are betting $25K that it will drop to 0.0045? And if it does, you make $5. If it goes up instead, you will have to pay more than the .005.
You 'short' guys need to learn some math. Do you understand how many times .005 goes into $25K? 5 MILLION TIMES!!!
You give up $25K JUST to see if you can make $5. Really? I can't believe anyone actually thinks this is a good idea EVEN IF YOU COULD SHORT SUB PENNY STOCKS.
As I've been saying for years: Just do it and prove it. Otherwise STFU about it because you don't know what you are talking about.
No, that is not what I said. I said MM's MUST buy your shares whether there is a buyer for them or not if your sell meets their spread. MM's are not people, they are the ones that execute the trades between shareholders.
If you have 100M shares and offer them at market, they will disappear instantly. Not because people are buying them, but because Mm's are BOUND to buy them by law. Anyone that doesn't understand that should start learning how the market really works.
There is no such thing on the OTC - it is an automated market with no human eyes looking at the transactions.
Not necessarily. If someone sells at market, MM's MUST buy them whether they have a buyer or not. By law. And if someone sells at a limit that is within an MM's spread, they have to buy those too. There does not need to be a buyer for those shares at the moment the sale completes.
It is a mistake to believe that every sell requires a buyer. That's not how it works.
Most of that is BS. I know of ONLY ONE broker that will permit shorting penny stocks, but even they won't go into the stinky pinkies. Interactive. Penny stocks are any stocks BELOW $5. Below $.01 is simply not going to happen, and it makes absolutely no sense whatsoever to even attempt it (or talk about it). They all have margin requirements, and it is usually $2.50 per shorted share. If you expect to make $5 on 1000 shares of a $.005 stock. That would cost you $25K that the broker would hold until your trade executes. Again, no one would put up that much collateral JUST to make $5.
You would make that $5 by just sitting on your shares.
What I am saying is that if charting worked, we would all be doing it, and we would all be rich, and we wouldn't be piddling around in the stinky pinkies. Which chart predicted the last two weeks of falling knives?
If you understood even the tiniest bit of shorting, you would understand that what you said is impossible. First, you can't short penny stocks. Second, if you could it would cost you $25,000 JUST to short 1000 shares of a stock worth half a penny. The most you could expect to MAKE is about a 10% drop. So 1000 X .005= $5. So you would put up 25 grand to make 5 bucks. Yeah, right. We would all do that.
It sounded good though - little people using big words they don't understand. Sigh!!!
You have no idea. The very idea that these are the most volatile stocks MEANS you can't chart them. Nobody can. Big board stocks have revenue, profits, and they are typically growing or shrinking. The chart tells the tale. These have NO revenue, and NO profit, and only entice people to buy shares. There is no BASIS for the share price in these stocks, so a chart is absolutely, completely meaningless. It is called 'momo', which means momentum.
Get a fricking clue.
Uh, right. That's why the stinky pinkies are the most volatile and risky market there is. YOU CAN'T CHART STINKY PINKIES.