is...retired
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Naked shorting is already illegal. If you think it's happening, notify the SEC.
"The Securities and Exchange Commission (SEC) banned the practice of naked short selling in the United States in 2008 after the financial crisis. The ban applies to naked shorting only and not to other short-selling activities."
bull shit. Every transaction is recorded electronically. It would be TRIVIAL to track these transactions. The SEC would close down ALL of the market makers if that is what is going on.
They are BROKERS, not TRADERS. It is illegal for a mm to also be a trader.
No retail is shorting NSAV. You CAN'T. TRY IT. This is all a myth. Sorry to disappoint you with your myth, but shorting penny stocks is about as likely as seeing a purple unicorn.
Yeah, I know that everyone KNOWS you can short penny stocks. Prove it.
But if you COULD, you would have to put up a TON of money to make pennies. And you might lose it. Penny stocks are volatile. They can go up or down on a whim. Why would anyone risk thousands of dollars betting a penny stock would go down, instead of buying the stock and betting it would go up. At least, if you buy it and it goes down, you still have it. If it goes up, you 'win'. If you could short it, and it goes up, you'd lose your MONEY.
Brokerages don't permit shorting penny stocks, period. Call your brokerage and ASK about it.
The fact is that we don't know why it went up in the first place. Yes, there is speculation, but we don't actually know. Nor do we know why it's dropping now. I'm not into prediction, since that means wag (wild ass guess), and I don't play that game. I do consider myself patient to see what happens. My trips are still worth over $2M, so I'm good either way.
Yes, I was thinking the same thing. But we just don't know who is doing all the selling. This is all common stock, but there are billions of shares in trips that could still be coming out. Some people may have rode it up and now are dumping because it is headed down. I only sell on the way up.
Nope - haven't sold any since $.05.
But I do know someone who had 50M that might have sold them. Not sure about that.
I didn't say it is for a reverse split. I said it is from 2013, when it last had a 'd' on it. It has had no 'd' SINCE 2013, and it doesn't have one now. If it did, that's what you would see at your brokerage.
The D means a stock split. That's from 2013, when the last split happened.
Unfortunately, that 'source' also used the term 'shares'. It's a private company and has no shares. It was called an Equity Investment. That means they gave them money, in return for owning a percentage of the company, that's all.
So, NSAV is not a minority shareholder - they are not a shareholder at all.
I wouldn't be so sure of that.
Only JT says a person is a 'Board of Director'.
A board of directors is a group of people that are directors.
Each member is a 'director'.
To call a person a 'board of director', shows a misunderstanding of the meaning of the term to start with. That's good ol JT speak.
You realize the OTC is an automated market, right? MM's don't 'signal', they don't even LOOK at these stocks. Computers do all the trading, and it is among the amount of shares available, and the demand for them. MM's adjust their spread if they find orders are getting by them.
There are no 'mm' codes these days. What you see on L2 is partial trades. Someone buys 100K shares at a price and the MM fills most of it, then later fills the rest. I've had some of my buys take days to fill. but every partial is listed as a 'trade' on L2. That is the flow of trades, not the flow of complete orders.
Uh, try to short 1000000 shares of a penny stock, and you will have to PUT UP 2,500,000 of margin that can't be touched until your short is closed.
And that only happens if the stock dives, and you make maybe $150 on the short bet. Who puts up over a million dollars on a bet that a penny stock will drop and make a measly $150 if it happens.
No one. That's why all you people that claim shorting penny stocks, even if you had a broker that would permit it (none of them do), are blowing smoke. The numbers don't support shorting them. You would be FAR better off simply buying stock and hoping it goes up, than betting your bankroll that it would go down, and you'd put up millions of locked up dollars to make that $150. BULLSHIT. If you really think that, you haven't done the numbers. There is no way to mathematically short penny stocks and win, which is why brokerages don't permit it in the first place.
People, educate yourselves.
Of course they are wrong. Read the rules. Any stock that is up for sale is eligible for an mm to short (borrow). Period. they borrow them, and replace them. You never know.
You can learn this for yourself by simply reading the SEC rules for mm's. But SOME people would rather read posters that blame MM's for any change in stock price, instead of learning how it works, and pointing straight at shareholders, who hold the ultimate lever on stock price.
I can personally control NSAV's share price. SOMEONE would blame it on MM's or Jake. THINK about that.
Citadel is a market maker. That is how they work. YOU can't do it, but all the MM's can. Doesn't anyone understand the purpose and method of MM's? Someone needs to do some reading to find out what they really do.
If mm's were BUYING shares, and then SELLING them, they would be traders. They are not traders, it is illegal for MM's to also be traders. They would have such an advantage over the general public that we wouldn't have a chance. But you wouldn't have much of a chance of buying or selling shares without them. They are BROKERS, not TRADERS. They are more like cashiers at a casino then gamblers.
You can't 'lock up shares' by putting them up for sale. That makes them eligible for MM's to 'borrow'. The ONLY way to lock your shares is to not put them up for sale. They can't raid your privately held shares.
Why is it that so many don't understand this? Let's see, I'll put my nsav share up for sale at $100 a share so no one will buy them. You're right - no one will buy them, but MM's will use them to make trades because they are UP FOR SALE, making them legal to short. All they have to do is replace the shares, not BUY them at some ridiculous price. And that is exactly what MM's do. That is their business model.
Charts are history. Not future. No one even knows for sure why this went from trips to cents. That wasn't foretold by charts. Use charts on Amazon, not on trip zero penny stocks. It only took 2 months to go up 4000%, and no any chart, anywhere foretold that.
Nor can they foretell the quick downfalls, which also happen. Remember, NSAV was at a nickel only a month ago. What chart foretold the 50% drop back? None of them.
Please continue to believe in charts in penny stocks. That provides liquidity to those of us that need it. I'll be selling when your chart says to buy. I love it.
That's like people in Las Vegas that have systems - they LOVE them, because no system ever works.
Charts in penny stocks are bullshit. By definition, they are volatile. If no one EVER mentions charts again, ever, that will still be too soon. Only dreamers would look at a chart of a penny stock and assume that was representative of some big board stock.
FORGET CHARTS! They only show what HAS happened, not what is GOING TO happen. No one knows what a penny stock is going to do next. Betting on a chart is no better than throwing a dart.
A shareholder in a private company? Really? I thought JT said they bought the company. That doesn't make them a shareholder, it makes them the owner.
I don't think it will hit a dollar. 4 1/2 billion in OS would make it a 4+ billion dollar company. Not within reason, at current situation. After some of the advertised 'projects' start making money, after a stock buyback to reduce the OS, maybe a dollar. If it hits a dime, I will be taking all I need and leaving the rest to my beneficiaries.
I don't want to even think about it any more. My goal was to become financially independent, and I'm almost there.
To be honest, it was down so far that I was unwilling to take the loss. It is only a loss if you sell. I have other stocks, but this is the only one I has a 'whale' size share count. I figured it wouldn't have to come up very much to get my investment back. That was my first sell - the rest are free.
Well, I bought those shares in 2017, shortly after Tilton took over the company. He had some grand plans, which you can read among his 10 8K's for 2017. THAT is what I was buying in for. Then nothing but crickets until this year. They say you have to be patient...
You won't see the volume at .03 that we saw at $.003...that's a 10 bagger right there.
1 million at .003 = $3k
1 milion at .03 = 30K...you just can't expect as much volume at higher prices.
I don't plan to sell much at a time, or while it's holding steady like now. But I do have sells set up in case of spikes. My last sell was at $.051. Not buying any more, obviously.
I don't need to prove anything. I would have no reason to lie to a bunch of people I don't know. I don't lie to anyone. This isn't a pissing match - but I have what I have and it has already gotten me out of debt and a few thousand a month extra.
I'm not sure I would give Jake all that much credit for 'dumping shares'. None of us know if he's selling at all.
The float is:
4,572,373,568
He has/had: 56M
I have 160M.
That leaves 4,356,373,568 shares in everyone else's hands. I don't think dumping 56 M shares would have that much of an impact on share price, but I DO think there are some whales out there that might have a lot of shares for sale at a limit around $.03. That would hold the price down until the market consumes ALL of those shares. Imagine if I were to set 110M shares up to sell at a limit of $.03...how long would it take the market to consume those? So, the thing to remember is that the whales have control. They ALWAYS do, because they can simply hold a company at a price. Not only that, but there are also teams of shareholders. Some are buyers and accumulate during dips. A whale might have buys at $.025 and sells at .03. That can hold the price in that range for a long time. And, they can make a ton of money doing it.
Finally, someone who actually knows how the MM's work. Each MM has their own spread. They MUST buy shares within their spread, and they MUST sell shares within their spread. That's the law. And, of course, the OTC is automated, so that means MM's aren't even looking at any of these companies. And, every trade is recorded in history - shenanigans cannot be hidden. There is a direct audit trail to all trades. Even a high school dropout could detect malfeasance by MM's.
As to the trip holders, I am one of them too. But I would never put in a sell wall to hold the price down or to guarantee I could exit at a given price.
MM's don't have the ability to do such a thing, but shareholders CAN, and some of them DO. There are groups of shareholders, that set up both buys and sells at limits which can last for weeks at a time. It is those with shares that control the share price, not MM's, who don't even CARE which direction the share price goes, because all they care about is their spread, and that people are buying and selling. What they DON'T like is when it goes illiquid - no buyers/sellers. THAT is when they must trade amongst themselves to, uh, MAKE A MARKET, which is why they are called that.
I don't really care if anyone believes me. I have no reason to lie to a group of people I don't know. But all my shares added up is about 165M - all at .0007 or less. I bought and held all of them in 2017...so it's been a long wait.
And I haven't sold any more since it hit $.05.
Currently, I am acting as a private investor in a non-public company in addition to buying dividend stocks. I want to have a good monthly income. I've been squeaking by on only SS for the last 4 years, barely.
I never expected NSAV to come roaring back, but it's up over 4000% now, so I'll just let it ride for a while. I MIGHT buy or build a house. This one is paid off. Oh, and I'm 77...and in good health.
As for a specific amount I'm looking for - I don't have one. But I'm waiting for NSAV to actually start shrinking the OS, which will cause share price to rise. NSAV will have to become profitable for that to happen. I have time.
Not planning to dump anything. I've been slowly selling all the way up to $.05. Paid off all debt, etc. Diversified into big board dividend stocks.
I don't want to stall the price rise, I want to ride it up and sell on the way up. I always have a sell order on a limit for those occasions when it spikes. So, when it hits a nickel again, I will get a payday...
It could be Jake, or it could be another large shareholder that has a limit sell on millions of shares. I could personally do that, if I wanted to. No, I won't, but I do have over 150M shares to play with. I could stall the share price for weeks.
Don't be so quick to blame MM's for share price - they don't care which direction the share price goes - they only make their commission in the first place, and they guarantee to buy your shares if you are selling within their spread, or sell to you if you are within their spread. If one MM has a different spread (they are all different) than another, the one with the 'best' spread will get the order filled. They compete against EACH OTHER for your business, they don't compete against US.
Getting uplisted is not all it is made out to be. Recently, VRUS uplisted and the share price did nothing. In fact, it slowly decayed, and then they were dropped back to pink with no fanfare. Just saying...
Having gone public from private through an IPO, I too understand the ins and outs of insider trading. The most important one being that no insider can buy OR sell outside the insider trading window. That window is the 30 days AFTER posting company fins. No fins, no trades Simple as that. We should see fins by the end of the month...and it will be interesting to see.
A share buyback won't happen without some profit to pay for them. So far, NSAV has had no profit. But the buyback will be the thing that reduces the share count, and raises the price for all of us.
It's not my job to explain what happened. But the press release SAID he was issued restricted shares.
Noch isn't dumping anything - his shares are restricted, which means he CAN'T sell them now. If he has OTHER shares, those could be sold.
His shares are restricted. Not sellable.
You have to have sellers if you have buyers - let people do what is best for them.
At $2, I would have $320M. I don't see that happening. Not with this huge OS. The buyback could change things, if it's done.
The thing that has not been explained is how we got from trip zeros to cents. How did that happen? That's more than momo.
Share price is based on supply and demand. If the share price goes up 1000%, there must be less supply. My stock is up 5000%. How does that happen? There has been no explanation, other than getting in bed with some known people/companies - but not a single reflection on why the price has risen, or what should eventually make money for NSAV, which WOULD improve share price.
Not knowing why the share price increased makes me extremely nervous about it. Could it go back to trips as easily as it rose out of trips? Who knows? We don't know what changed, or why it changed. Something happened, or is happening. All these relationships have little meaning until it is revealed how NSAV will make profit from it.
My original, and still current thought, is that a person or entity started buying up NSAV shares in trips, and stopped once it hit about $.04. They would now own tens to hundreds of millions of shares, and we do not know what they will do with them. If they dumped them, they would make millions, and the share price would go into the toilet. And then there are the grinches like Jake, who could be simply dumping into the market at a limit which holds us at the current price until he's done. Others could be doing the same thing. That's the problem with having billions of shares in the OS.
Nothing is automatic. You must apply AFTER you qualify.
Buying 10M shares at .0005 costs $5K.
Buying 10M shares at .03 costs 300K.
Don't expect trip zero volume at 3 cents.