is...retired
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You all realize that those short reports only reflect MM activity, right? They short all the time to fill orders, and it has nothing whatever to do with retail shorting of the stock. Retail (in brokers) cannot short penny stocks to start with, so please stop with the 'shorting' nonsense.
YOU CANNOT SHORT PENNY STOCKS!!! Try it! Your broker won't permit it.
FY end for NSAV is 12/31. Fins due within 90 days...3/31.
An SEC approved auditor can do the last 3 years in one go. That's not a hindrance.
Here are the requirements for otcqb - I don't see a problem at this point, other than getting the ducks in a row...
Eligibility Requirements
U.S. companies must have audited annual financials by a PCAOB auditor. (Tier 2 Regulation A Companies are exempt from requirement to use a PCAOB auditor for their initial audit)
Meet minimum bid price test of $0.01
Not be in bankruptcy
Have at least 50 Beneficial Shareholders, each owning at least 100 shares
Have a freely traded Public Float of at least 10% of the total issued and outstanding of that security.
Companies with a freely traded Public Float of at least 5% (and $2 million in market value of public float), or a separate class of securities traded on a national exchange may apply for an exemption (see OTCQB Standards)
Have a transfer agent that participates in the Transfer Agent Verified Share Program (US Companies only)
Reporting Requirements
Meet one of the following Reporting Standards:
SEC Reporting Standard
Regulation A Reporting Standard (Tier 2)
U.S. Bank Reporting Standard
International Reporting Standard
Alternative Reporting Standard - NSAV
Timely disclosure of material news
Corporate Governance Requirements (Alternative Reporting only)
Have a board of directors that includes at least two Independent Directors
Have an Audit Committee, a majority of the members of which are Independent Directors
Verification Requirements
Maintain a Verified Company Profile
Post initial and annual verification and management certification
Use etrade for a brokerage. At most, $5 a trade for pinkies, free for nyse and nasdaq.
Business proceeds at the speed of business, not at the speed of shareholders. In any business deal, there can be many negotiations back and forth before a final agreement is signed. I've done this, and sometimes it took months to get a negotiation completed to both sides' satisfaction.
So, just hearing that a company is WORKING on something is not an indication of how close it is to CLOSING on that deal. JT telegraphs his punches, hoping to spike share price. That is not only obvious, but seasoned traders recognize the tactic. It is better to say quiet on it, until you are actually ready to announce an agreement, than to say you are working on something that may never actually ever happen.
Nothing Tilton has ever said has happened yet since he became CEO of this company in 2017. Let's hope this is different. Don't paint me as a basher, I've been in this stock for years, and I've heard all the stories. You can go read them for yourselves on OTCMArkets.com - starting in 2017, when Tilton took over. None of the things he has ever reported on has ever happened. Not one.
This would be the first. I hope this one produces, but I won't be surprised if it comes nowhere near what most expect.
A simpler explanation...
I still have over 160M shares. If I WANTED TO, I could set them ALL to sell at a limit of $.04. ALL of those shares would have to be purchased at $.04 before the price would EVER rise above $.04.
That's 160 X 1,000,000 X $.04 = $6.4M dollars. I'm not doing that, but it doesn't mean one of the other major shareholders isn't. That's all it takes.
At some point, some whales will decide to cash in and get financially independent. No need to oven own shares in any stock...
I could do that now. Not ready to roast the share price but I COULD. No one would understand why the price couldn't rise above $.04. MM's would be blamed, 'manipulators' would be blamed, but no, it would simply be a person or a group that decided to cash in, but at a limit. THAT is exactly how it works. I can prove it, but I'm not ready to cash out yet.
Of course there are. There are more than that in ihub alone, probably. But your name is not on your shares if you hold them in etrade. Etrade's name is on them. EVERYONE holding NSAV in Etrade counts as ONE shareholder of record. Otherwise, Etrade could not act as your agent to buy/sell.
No, there are not. There might be a few more, but not a lot. Only shares held by the TA itself count toward shareholders OF RECORD.
Shareholders of record is the list of shareholders listed by the TA. Those shareholders are not in brokerages. There can be thousands of shareholders, and probably are, but ONLY THE ONES with their NAME ON THE SHARES at the TA are counted as shareholders of record.
This is essentially meaningless except that to uplist, there must be a certain number of shareholders of record. NONE of us in brokerages are included.
Hey, so do I. If I could even find it - try finding your investment in MJCoin. You can't. They took our money and ran. JT's first foray into crypto stole my $500 plain and simple. Just because it says crypto doesn't mean it will make you money in NSAV. Burnt once, careful the next time.
That is shareholders of record. That doesn't count those of us in brokerages, it is those that are listed by the TA as shareholders. I have over 160M shares, and I am NOT a shareholder of record. Not one of the 197...
What, you think OTCM uses typewriters to enter data for 10,000+ public companies? They POST what they are GIVEN. They were GIVEN the wrong information BY NSAV. I just pointed out that Tilton deflected blame when he should have owned up to it. I've seen his antics for over 4 years...and it is always someone else's fault.
No, it was TILTON that said OTC screwed up. Obviously, it was NSAV's screwup and covered by blaming OTCM...
It's not an error on OTCMarket's part. It is a TYPO by NSAV. The G should have been a C. OTCMarkets only posts what has been uploaded to them.
The OTC is a completely automated market. MM's don't 'talk' to each other, they don't even LOOK at these stocks.
Automated, as in automatic. Order get placed, and they are filled automatically. Automated...get it. NO eyes. No messaging. No paper stock certificates. No messengers to deliver paper certificates.
An automated trading service. No stinking brokers needed.
No, those are not trades. They are 'tranches'. All orders that are not AON may be filled in tranches. In other words, if you have a buy, and get it in 10 'pieces', you will see those pieces on L2. All such small 'orders' in stinky pinky land are just the MM's buying and selling small bits to fill orders.
Back in 2017, I bought 1 mil shares of a company, perhaps NSAV, I don't remember. It was filled with 999,999 and ONE separate tranch for ONE share. You would have seen that 1 on L2 and asked yourself who would buy 1 share...that's not how it works. You see every tranch, not just complete orders.
I'm not Varmit, but I had over 200M shares of NSAV also, dating back to 2017. All in trips.
I tried several one-trick ponies, and it occurred to me that, if their 'product' didn't 'produce', the company and its shares would stagnate. What do do?
I decided to focus on holding companies. They aggregate multiple companies under one umbrella, and if ONE of them takes off, you have a winner. I did DD on about 20 of them, and settled on about 6 of them. I had made $100K on BVTK, and wanted PART of that to make me self sufficient.
So, of those holding companies, I read, carefully, the business plans, and tried to decide if they made sense for becoming profitable.
NSAV had a plan for 7 companies, mostly related to pot, but also MJCoin, a crypto play. They seemed to have some good ideas, including a share dividend for anyone that owned shares, a talked about share buyback and several other things. So, I put more of my money into NSAV than the others. It just seemed like it had more chops. I was wrong. I saw it drop to .0001 and below, just last year. My total portfolio dropped to under $3k. I said 'screw it', hang on in case it comes out of the doldrums. I still had over 200M total.
The others dropped out also, but I hung onto some of them to see if they would ever make me some money. I still have one of them, but the others are long gone.
So, here we are today - I still have 160M shares in 3 accounts, two of them IRA's. Their value is now around $6M.
I have sold on the way up, and got completely out of debt, and all my shares are now free.
It was a long-term play, and it took a LOT longer than I had planned. NONE of NSAV's 7 business plans panned out. None. What we have now is a DIFFERENT business plan, and it actually looks pretty good.
But, it has not yet played out - it is like all the others, so far...sounds good, but not actual results yet. We shall see.
JT has no common stock. He has 30,000,000 shares of series A voting shares.
I haven't said you could not short in the OTC, I said brokerages won't permit you to short penny stocks. What brokerage do you use? Do you have your money in a margin account?
Not to mention that you can't short penny stocks anyway. Try it. Brokers won't let you.
You can't buy preferred shares through your broker. That was essentially a private placement between NSAV and TGPE.
You can only buy common shares through your broker. They aren't playing games to drive the price down - they want to MAKE money, not lose it. They already have hundreds of millions of shares, it would not make sense to drive the price down (and lose on the ones they already own) just to buy more. There would have been a set price between NSAV and TGPE.
Think of it as TGPE investing in NSAV to give them the cash to do the follow-up work that needs to be done to pull off the current plan. When the plan works, they (and we) benefit.
I think the pull back was sour grapes by the likes of Jake, who simply wanted the cash, and gives not a whit about what his sales did to existing shareholders. We only know he had shares, not how many. I'd suggest he had several hundred million, to satisfy his 'claim' against NSAV. If he's done, things should continue as they did before that happened.
Remember - TGPE now has a billion shares of preferred stock. That means, before ANY of us collect, THEY do - preferred shares are paid before common shares. They are now in a position to control stock price, even if they can't trade them yet.
But you're right about trip sellers - I only sell mine on the way up, not down. Those of us that still have trips are sitting on a gold mine. Not a good reason to sell them yet...but I sell a mil here and there to diversify, but not enough to affect the share price.
They can't convert unless the AS is opened up.
Not really - I still have 160M of them.
Companies doing business with each other are generally bound by an NDA - Non-Disclosure Agreement. That means you don't disclose anything UNTIL the NDA is no longer effective. This is one of the most fundamental of agreements that literally every public company utilizes. They don't want details of upcoming business to 'leak out'.
We will hear the details when the details are ready to be made public, and not until.
NSAV is not an SEC filer, so they don't really have to file 8K's. They CAN, but they don't have to.
All IRA's are based on income, whether from wages or your own business. Social Security and other pension sources do not count.
A Roth is created with after tax money, so you can withdraw money without paying taxes, as long as you are of the right age, which I think is 59 1/2.
Mine is a 401K rollover into a traditional IRA, which is from BEFORE tax money. You only pay tax when withdrawn.
That RS 'protection' is not a bad thing, but it is meaningless. To perform an RS, you have to change the articles of incorporation at the secretary of state where the company is registered. It takes a 'vote' by the 'board of directors', which, in this case, means JT and his wife. Now we have the new guy, but they can change the articles any time they want. So this protection is MEANT to sound like a good thing, but it is absolutely meaningless - they have the power to change it at any time.
Institutions are not gambling on penny stocks. Institutions have INVESTOR money to make the INVESTORS money. Pink sheets are the most risky of stocks, and no institution would gamble on them to try to make their customers money. It is simply not done.
Always with the MM's, institutions, etc.
This is the otc. There are buyers and sellers, and that is all. Right now, there are more sellers than buyers. Oversupply means dropping share price.
First, there are no retail 'shorts'. MM's short as a standard way of working. Retail can't short penny stocks anyway. Don't believe me? Try it. You CAN'T do it. Your BROKER won't take the order.
Second, the instant you have a sell order, even at a million dollars a share, those shares are available to the MM's. They don't buy them from you, they BORROW them (That's what shorting is) and then replace them. You never know it happened, but the only way to prevent MM's from borrowing your shares is to not put them up for sale at any price.
The DTC chill is in Canada, and has been there for years. They attempted to resolve it but nothing ever happened. If you want to trade, use an American broker, such as Etrade, and you will have no problem trading.
And, no, if the 'chill' is resolved, it won't affect the share price at all. People that want to trade will use a broker that lets them trade as they see fit.
Or neither. With almost 5 billion share in the float, ANYONE could be selling. I'm just sitting on mine, until this hiccup passes.
No, it doesn't 'occur' to anyone that understands the rules for public companies. They CAN'T simply sell shares from the treasury without filing with at least Finra. That would cause the OS to grow, and that would be illegal.
Share price is a reflection of supply and demand. If the price is dropping, there are more shares for sale than there are buyers. It is really that simple.
What on earth would the SEC be concerned about? We have buyers and sellers of a stock. The price goes up and down. That's what is SUPPOSED to happen. People imagine that someone BESIDES shareholders are manipulating the stock.
We, in ihub probably own less than 10% of the shares in the float. I have a lot. over 150M.
IF I decided to get out of NSAV, I could set my sell limit at $.05, and the price would NEVER get higher than that until ALL my shares were sold. If I put them all up to sell at 'market', the share price would drop seriously, immediately.
Not going to do that, but OTHERS can, and do, that very thing. They decide to get out of one ticker to invest in another. So, the 'manipulations' everyone talks about is (large) SHAREHOLDERS, not MM's or some other fictitious entity.
The problem with having a LOT of shares:
Yesterday, my 'loss' on paper, at least, was $850,000.
Of course, my NSAV is still up 4482.77%, so it isn't really a loss. Just hard to look at. All my shares are in trips, but that is still a huge red number. I hope to not see that again. But, at one time, I had a green day of over $1M...not so hard to look at.
That is correct. The ONLY thing MM's don't like is when a stock goes illiquid - no buyers/sellers. THEN they must keep the market going by trading amongst themselves. That is their WORST day. As long as there are buyers and sellers, and their spread is set properly, they will make their commissions.
MM's LIVE on their commissions - not by trading as shareholders.
It is not MM's. It is shareholders. If I wanted, I could control the share price all by myself. All Mm's do is handle buys and sells. They make a commission on each. It doesn't matter which direction the share price goes, their COMMISSION is their profit. So, they don't CARE which direction the share price goes, they only care that there ARE buyers and sellers.
The buyback was initiated in 2018. Read the 8K's. I don't think any have been bought back yet, though, because it takes PROFIT to buy shares, and we haven't seen ANY profit from NSAV since 2017...
Jane is Tilton's wife. She is listed as an 'officer' of NSAV. Always has been. VP. In 4 years, I have never seen a word from her.
MM's don't 'need' shares. Period.
They have a spread. If you offer your shares for sale within their spread, they will take them and will make a commission. If you wish to buy shares, within their spread, they will sell them to you - and take their commission.
We all work at 4 decimal places. MM's work at 5 decimal places. They are called market makers because they guarantee a spread and act as buyers or sellers to keep the market moving.
The one thing they do NOT do is act as traders. They are BROKERS, not TRADERS. They FACILITATE the market. Not much more than cashiers at your local grocery.
The ONLY profit they make is within their spread. By law, any buy or sell must be within their spread, and their spread is a GUARANTEE that they will either buy or sell within that spread.
How about you all keep your comments to NSAV? CHIF is a different company and this message board is for NSAV not CHIF.
As it says right on the page where you write your posts:
Please keep your post about the stock and company. Do not post about other users or other stocks.