is...retired
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Actually, if you search out the preferred that are out, you will see that they are all out.
From the articles of incorporation:
. Authorized Shares. The aggregate number of shares which the corporation shall have authority to
issue is seven billion (7,000,000,000) shares, consisting of three classes to be designated,
respectively, "Common Stock", "Series A Preferred Stock", and "Series B Preferred Stock"; the
Common Stock shall have a par value of $0.001 per share, the Series A Preferred Stock shall have a
par value of $0.00001 per share, and the Series B Preferred Stock shall have a par value of $0.00001
per share. The total number of shares of Common Stock that the corporation shall have authority to
issue is six billion (6,000,000,000) shares. The total number of shares of Series A Preferred Stock the
corporation shall have authority to issue is two hundred and twenty-five million (225,000,000) shares.
The total number of shares of Series B Preferred Stock the corporation shall have the authority to
issue is seven hundred and seventy-five million (775,000,000) shares.
TG Private Equity ALONE has 500M of these shares, the others have also been given out.
All of the preferred shares are already out. 1B of them. Read the filings.
There are a little more than 80M remaining in the AS. He can't sell them until they are registered. That is why they are being registered, so they can SELL them.
AGAIN, THERE IS NO $20M AVAILABLE. You can't raise more money than your shares are worth. THINK before you post crap like that.
You said 'per year'. I said not possible. It is dreaming to think NSAV could sell that last 80M shares for anything like $20M. If those shares are sold, it will be below market. Market today is $.00845. That would bring in about $600K.
HE IS PUMPING and you guys are BUYING IT.
No, he did not post that on Twitter - I read everything he posts. And, as I said, there are only 80M shares left in the AS, so he didn't write that to you in an email either.
You are lying, but I have no idea why. Or, maybe you don't know what the AS is...
Inaccurate. There are only 80M shares left in the AS, so unless the AS is increased, there are no more shares to dilute us after the 80M.
I didn't read anything about selling shares every year.
We are talking about shorting penny stocks - those under $5. Show me a broker that permits it in writing. Call any/all of them and ask.
These unsubstantiated claims that 'brokers permit shorting' is just hot air. PROVE IT!!!
If the intent of this 'news' is to imply that hedge funds are diddling with penny stocks, you might want to talk to your brokerage and find out what hedge fund managers actually do.
First of all brokers don't perform the trades. And I don't know of a SINGLE broker that will permit shorting penny stocks, that being under $5. Call your broker. Try to short NSAV. You CAN'T. Not even if you DO have a margin account, which most don't.
I've gone through the numbers many times, but the key thing is that you are betting that a penny stock will go down vs up. If it goes up, you lose doubly - and you can literally lose it all. If it goes up, you make a little, but not much. The margin is usually $2.50. So to short a million shares of NSAV you'd have to put up $2.5 MILLION DOLLARS to try to make a FEW dollars. And what if it goes up? You lose a HELL of a lot more money than you can make if it goes down.
Thanks for the lesson in shorting. Now go try it. No one, in years of my challenge, has been able to short any penny stock and PROVE IT.
By the way, brokers don't make the trades - they ACCEPT or don't ACCEPT trades, but MM's do the trading. Your broker doesn't 'have' shares...the MM's do.
You are completely in the dark about how selling works. I can't believe some people put their money out on stocks without even knowing how the system works.
First of all, your broker has NOTHING to do with how your stock trades - they simply ship the order off to the MM's. There is a pool of MM's and the ones that are fastest get the orders if you're within their spread. Brokers don't DO THE TRADING. They hand the orders off.
Next, in penny stocks, shares are not shorted. You would have to ASK your broker to short stocks, but they won't permit you to short penny stocks. What MM's do isn't really shorting - they borrow shares and replace them. Not the same thing.
If you put them up for sale, they can be borrowed by MM's and replaced. THAT IS WHAT THEY DO, for cripes sake. They FILL ORDERS, and they don't have to BUY them to do it - if you have shares for sale, they are open for MM's to use to fill orders. They don't BUY them, they BORROW them, then REPLACE them without you ever knowing.
You are HELPING MM's make money by putting them up for sale.
There are NO SHORTING ATTACKS in penny stocks. Jesus, get an education abotu what REALLY happens, instead of spewing crap that can't happen.
Shares that are for sale are not 'locked'. The only way to lock them is to not put them up for sale.
MM's don't need to buy shares - they borrow them then replace them if needed. Normal business. You never know about it.
All this talk about an 'anti-reverse split' clause is just so much bs. First of all, to do a reverse split, you have to change the articles of incorporation. That is done by the principles in the company. So, no matter WHAT the articles say today, it can be changed tomorrow. It is just that simple. Since JT has all the voting shares, all he has to do is make the change.
I'm not saying he WILL, but I'm saying that is all it takes. So all this chest thumping about an 'anti-reverse split' statement in the articles is simply smoke. It is a pump, pure and simple. He is trying to keep people from selling in fear of an RS, but there is NOTHING that prevents him from doing it. With 6 billion shares out, he SHOULD be worried about what's next. And so should we.
Uhhh...maybe a sub penny stock, like last night.
Not exactly. The shares in the offering will not pass through etrade or any other broker. You won't be able to 'buy' shares below the market price unless you deal with the entity that is offering the shares. The requirement is a minimum investment of $250. Currently, that would get you about 40K shares. And, it is subject to NSAV's approval - they don't HAVE to sell unless they like the terms. They might NEVER sell. But if a larger investor wanted to pony up the whole half million for the whole 80M shares, they would probably take it.
If NSAV's share price was $.25, they wouldn't need to peddle the last 80M shares. It won't get there without making profit. And if you have profit, you don't need to SELL shares, you should be BUYING shares to reduce the OS.
The offering is because they need cash now. If they 'wait' for $.25, it may never happen.
The shares used in deals has been preferred shares, not common shares. There are no more preferreds left.
You can't sell shares into the market at 25 times the current share price.
It is common practice to place an offering at below market. Otherwise, they could simply buy shares on the open market, but then NSAV would not get any money out of it. NSAV needs money, they are seriously in debt, and they have hired some 'big guns' at high salaries, with no way to pay them. Offering those last few shares is the only way for them to raise some cash.
You must be smoking some damn good stuff.
I already did the math...you just need to read it or work them out for yourself. If they are offered at $.007, that is what they'll get for them. Half a mil for the remaining shares in the AS...
We can't buy shares in an offering. An offering is unsold shares offered to one or more 'investors' with an incentive to buy. It is most often called a 'private placement'.
So much for not diluting NSAV shareholders...
NSAV is desperate for money.
There are 80M more shares in the AS that are not yet sold. Offering them at below-market is an incentive to get them sold quickly.
80M X .007 = $560,000.
And, yes, it is dilution. When those are sold, you will own a smaller percentage of NSAV, which is the very definition of dilution.
I have seen nothing to indicate the audit is done OR submitted. I've seen things take 6 months that should have been overnight. SEC can have QUESTIONS that need to be ironed out, and that takes time. Let alone the thousands of other companies doing their regular thing...
Before uplisting, there will need to be 3 years of audited fins. That costs money and takes time. Don't hold your breath on this one.
No, no one 'predicted' a $20+ dollar valuation for NSAV stock. A computer algorithm that was badly in error did that. No human would value NSAV at $128 BILLION DOLLARS!! (6B shares X $23)
People, don't be gullible about things that are simply not possible.
The brokerages will all have to comply with the new SEC rules. Basically, the new rule is that brokerages won't be able to trade OTC Pink Stop except for selling. But if no one can buy them, being able to sell them is unlikely.
Well, that is way off subject, but if you get beef from a rancher, you had better make sure it is well aged by that rancher. Unaged beef is tough as hell. I know - used to butcher every two years.
Beef needs to be aged at LEAST 6 weeks for it to start to tenderize (rot) so that you find it edible. Look it up. Fresh beef makes good hamburger, but that's about all.
There will be no uplist before 3 years of audited fins are accepted by the SEC. That takes money, which NSAV does not have.
You can't possibly know why the price dropped yesterday. More likely, someone just sold a pile at market, which lets the price drop. There is very unlikely to be a 'group' working in concert to drop the price, and what on earth could they benefit from? The price reflects supply and demand, and it appears there is now more supply than demand. That is the simplest answer, which is usually the right answer.
When you DON'T KNOW something, you should write IN MY OPINION, rather than making a dumb statement that you cannot possibly know.
I had a $500K+ unrealized loss when it went under a cent. Just have to sit through those and let it work back up. At this point, I have seen it all, including quad zero no bid. By waiting, and selling on the way up, I'm out of debt, have about $5k of dividends coming in every month, and don't really care what NSAV does any more. I won't do anything to hurt the share price, but will only sell on the way up. If there are buyers, I am a seller at the right price. I still have 100M and my partner has $50M...we are both set, thanks to the performance of the NSAV share price. Not that NSAV has, itself, done ANYTHING yet.
I never sell when it's sinking. I've had these shares 4 years...a bit more won't hurt.
Right, and all of the billion preferreds have already been given out.
The 80M shares remaining in the AS is the last shares NSAV has and that is about to be sold too.
Dilution is when the OS grows normally. It grew when the dividends were given out, in 2017. That was not dilution because every shareholder got the same percentage of new shares. So, the OS grew, but it was not dilution - EXCEPT for those that bought after ex-dividend date, in June 2017.
Whether the dividend shares are restricted or not makes no difference to the share price. With almost 6 BILLION shares out, most of which are trading, the freed divi shares would make no difference.
Why would anyone expect VirtuaBroker to do something for the share price now? FIRST, they have to start making money. THEN they have to make some profit. THEN the bookkeeping takes place, probably monthly, and if there is some profit, NSAV gets a percentage.
We won't know if there is any revenue for NSAV until the end of this quarter, plus 45 days. that would make it about August 15th, or later.
At best, that would be 30 days of VirtuaBroker open, so I would not expect any NSAV revenue from that short period.
Well, I'm not selling, but that $350K loss today just hurts to look at.
Processing the old dividends will not dilute. They are already in the OS.
No, the public offering has not yet been approved by the SEC. Nor would NSAV want to peddle off the last few shares in its AS for a penny a share.
You don't see me making price predictions. That is silly on stinky pinkies.
Instead, study the rise and fall, and place your bets accordingly. Sure, I would like to see it increase a lot, but it could just as easily tank. No one knows what it will do, or why.
You can't have a buyer without a seller from whom to get the shares. So, no, there are not more buyers than sellers...they are always exactly the same.
Anyone that was around in 2017, when JT took over NSAV from previous management, was enticed to buy shares. First, the share dividend (One new share for every 10 shares owned) that was accomplished, apparently, with unregistered shares, so they are worthless.
The second was another dividend, where the Tiger Hemp Beer company, his alleged hemp beer company, would award NSAV shareholders with one share of THB for every 17 shares of NSAV.
That never happened either, but it's how I got over 100M shares. In those days, the future looked much like it does now. But the trail led nowhere except to no bid.
No one ever got a share of THB. Lots of 'deals', but none played out. That is a stark warning to those that 'trust' JT...
As if they had a cash stash...haven't you read the fins? Seriously in debt.
As of March 31 2021, company has accumulated a deficit of $3,294,561 and a working capital deficit of $1,011,070. That's over $4M total.
The last 80M shares remaining in the 6B authorized shares, if sold at today's price, would bring in $1.2M. That would still leave them in debt $2M+.
The ONLY thing that is going to help fix that problem is to start making money, lots of it. That will only happen if the companies it is holding an interest in begin to turn a profit themselves. NSAV will then get a cut of the profit. We don't know the financial conditions of any of those companies, because they are private companies.
So, we can hope, and that is about it.