is...retired
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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.
Of COURSE it didn't hold. This is stinky pinky land, where the stock can do anything, on any given day. Looking at the past to predict the future here is like driving a race car with only a rear view mirror.
JT is long gone, over 2 years now. Try to keep up.
There are no shares being sold. There are no shares LEFT to dump.
Why would you say that? The name was changed 6 months ago.
There are no shares being sold into the market. Where do you come up with such nonsense? The AS is maxed out, as anyone could see by reading the fins. There ARE no more shares to sell.
Anyone that trades based on what people say on stock gossip boards should play the lottery instead. At least that way, they have a chance of making some money.
Almost every post on these boards is either a lie or is simply not true.
No it wouldn't. The bashers don't own this stock, and won't buy it. They probably don't have ANY stock of any kind, their income is from bashing, not investing. That's why they typically have over 50K posts...
What press release? It isn't posted at OTCM...
That is not true. A public company must file a report with the SEC which states how many shares are to be bought back, over what amount of time, and at what price in advance of any share repurchase.
A share buyback is a 'significant event' as defined by the SEC. All significant events must be reported to the SEC, even the hiring or firing of a director.
How can you make such a stupid comment? There is no dilution going on, the AS is maxed out. No one has restricted shares to unload. Shares received in lieu of paying back loans are never restricted. Lenders almost immediately sell them because they don't want stock, they want money.
Mm's have nothing to do with it except fulfilling orders between buyers and sellers. MM's are on it BECAUSE there is buying and selling activity. That's how they make their income.
If you are going to make statements, try making them something that is even possible, not things that are not possible.
And now, you go on ignore, because of your obvious ignorance of how things work, meaning I could/would not trust anything you write.
What I think is that if anyone was paying NSAV cash, they would have some cash in the bank. There is something that simply doesn't make sense. They don't pay taxes, so how do they account for that cash?
You are wasting your time arguing with a basher. They don't even read your posts - they just smile when they get responses.
You are the clown. Responding to bashers is how they get paid. Cha-Ching! BTW, you are now on ignore. Dumb ass.
They have $65 in the bank. The rest is monopoly money until they show some cash and profit.
Bashers hang out where they get replies. They get plenty, here.
The answer is 'creative accounting'. NSAV assigns its own value to its ethereal holdings and posts that in its filings. It stands to reason that, if the money was real, they would stop borrowing money and giving away stock to pay for it. But now, they are out of stock. What next? If the AS is raised, you will know for sure.
A whole 16 posts and already you demonstrate that you don't know how to do due diligence. That's fine, you're on permanent ignore now.
I am doing no such thing. And you know it. I do know that selling crypto at a profit is taxable. Holding it? Not so much.
Most brokers won't permit shorting penny stocks. There is a reason. First of all, you must have a margin account and pay around $2.50 per shorted share. Your money is tied up until your transaction is completed. Let's say a $.01 cent stock does drop 10% and that is what your short was. Ok, that means that for 1M shares, you put up $2.5 M to execute the short. So 1M X .001=$1000. So, that's what you can 'gain' if the short is executed. You put up $2.5M dollars to gain $1000 IF and only IF the stock drops 10%.
It is penny stocks. They constantly rise and fall, so any short position can actually have no financial basis - you are simply 'hoping' it will happen. Your odds are 50-50.
Now, is your BROKER willing to handle these transactions? Most won't permit shorting penny stocks at all, and those that do have that big margin requirement.
So, even if you COULD find a broker to short penny stocks, it would make absolutely no financial sense to do so. You could make the $1000 simply by waiting and selling off at a $1000 profit when it rises without putting up any margin at all. If it falls 10% buy some more. That's what that $2.5M could do for you. Buy every time it loses 10% and sell every time it rises 10%. Oh, that's right, that's called day trading. Funny how that works.
When I do my taxes, I am asked did you SELL any crypto. Not do you OWN any crypto. Until you sell it, it is an investment to the IRS.
It's not considered taxable, just as stocks are not taxable until you sell them.
Cash would be considered taxable.
Well, duh! Looking at profiles is the FIRST thing you should do. Count how many posts - I have 7000 in 8 years. Some of these bashers have over 100,000 posts. That is 10 posts per day, 365 days per year, for 27 years. Uh, all of that looking out for the other poor shareholders? Professional posters are not shareholders, and they have absolutely nothing of value to contribute to any message board. They are on a mission to make money by enticing people to respond, just as you did.
There is a purpose for the ignore button - to shut down these assholes. If no one responded, they would move on.
Yes, now you have it. With penny stocks having billions of shares, there are groups of traders that manipulate the stock price by multiple methods, including the use of bashers and pumpers, but also by simply forcing price changes by their own trading activity. What we see is a RESULT of what they are doing, but we cannot know for sure what they are doing. Group buying and selling is strictly illegal, which is why you don't ever see anyone admitting what they are doing.
Once, with NSAV, I proved I could manipulate the share price by myself. I had over 200M shares at the time, and sold 10M at market simply to prove my point. The share price immediately dropped as the MM''s gobbled up my shares. That is documented here in this message board somewhere, and I can find it be looking in my transactions at Etrade.
But that is just me, not a group performing to help each other make money.
Back in 2021, NSAV went to over $.14. There was absolutely nothing in their business activity that warranted that price. A lot of people, including me, made tons of money. But all those people that bought over $.03 lost their asses, or still have them. (the shares, and their asses)
Because you continue to say that GSTM is somehow involved in the trades. If a seller/buyer hits the spread of ANY MM, that MM is obligated to take the trade. MM's control their flow of orders by adjusting the spread throughout the day. With billions and billions of shares, it is unlikely any of us can 'overload' any given MM. So if any given MM 'appears' to be involved in a lot of trades, it is because the orders fall into their spread. Unless they are market orders, in which case any MM can fill the orders.
A whole 2 posts and already in training to be a basher. If you had done even the tiniest bit of DD, you would have answers to your fake questions. Your reward is that you are now ignored by me and others that bash the stock.
It is traders, not MM's that control share price. Simple as that.
Jesus christ! When are you going to understand that Mm's can't place orders? Are you really THAT stupid? MM'S ARE NOT TRADERS!!! You are speaking pablum? You have NO IDEA how things work, yet you go on and on about MM's being traders. WTF???
Well hell,
When airheads blame MM's for stock price changes, you KNOW they don't even know how the system works or what they do. It is tiresome constantly reading, day after day, that Mm's are somehow controlling share price. The ONLY thing they control is their own spread. If they don't want more shares, the bid is set high. Some other MM will be lower, so that's how it is done. If an MM needs shares, they will set their bid lower. But that doesn't mean they'll get shares, because other Mm's can get the shares if their spread is also met.
It's really a simple process, and every single trade is recorded, so an audit trail is created that lasts forever. A grade schooler could read the audit trail to see if there were violations.
MM's are some of the MOST regulated entities because they have the access to market conditions that no one else has. They aren't competitors with shareholders. They have a single purpose: To execute trades by shareholders. That's it. Amen.
When are you going to learn what MM's actuall do? You are making an ass of yourself.
MM's have a spread. OTC MM's are computers, not people. It is an automated system.
MM's don't 'want' anything.
MM's simply execute trades.
MM's are not a single entity, but dozens, any of which can execute trades.
MM's don't 'trade' shares. They fulfill orders.
MM's don't buy shares.
MM's don't sell shares.
MM's can ONLY process orders that fall within their POSTED spread.
MM's HAVE to process orders that fall within their POSTED spread.
The only exception to the spead is when people place market orders, which means they will pay whatever, or accept whatever on their trade. Spread isn't involved, which is why such orders always execute immedately.
MM's CAN short to fill orders. That means they borrow the shares to fill an order, but try to cover the same day. If they don't cover, it is reported to Finra, twice a month. THAT is the short report that ignorant traders assume is shareholders shorting penny stocks.
Read the above about 20 or 30 times so you UNDERSTAND what they do.
If share price is rising or falling, it is because SHAREHOLDERS are trading. MM's have zero to do with that.