is...retired
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If you think you are stuck now, wait until the RS. At that point, the brokerages will block YOU from trading for 3 days while they recall all shares and reissue them with the 'd'. Meanwhile, 'shareholders of record' have no such restrictions, and will sell, sell, sell. By the time you can trade again, the effect of the RS is that you will lose money because the price will depress, as it always does after an RS.
The ONLY way to protect yourself from this is to sell first, save your proceeds, and choose when to jump back in. You can actually make money on an RS that way.
I've been through several, and it always ends the same way. One time, I held half and sold the rest ahead of time. The shares I held became losers. An RS always results in shareholder losses. Don't believe me? Just hold through THIS RS and watch.
I'm going to sell over 20M shares and keep only 50K, which will become only 100 shares, simply to verify what I already know, and have been through several times over the years. An RS is NOT good for shareholders, no matter how much garlic butter they put on it.
Research share buybacks. There are conditions - how many, what time frame, etc. Share reductions are considered 'significant events', and ALL significant events (events that can affect share price) must be accompanied with an 8K or other appropriate filing. NSAV hasn't had one since 2017. As it stands, it appears to be a pure pump.
Research share buybacks. There are conditions - how many, what time frame, etc. Share reductions are considered 'significant events', and ALL significant events (events that can affect share price) must be accompanied with an 8K or other appropriate filing. NSAV hasn't had one since 2017. As it stands, it appears to be a pure pump.
I would not put too much faith in that press release. There are rules for reduction of OS, and the SEC mandates an 8K filing to do so. Something is not right about that PR.
There is no buyback. Would not even be legal until an 8K is filed and accepted by the SEC.
https://www.otcmarkets.com/stock/VRUS/security
This is the most accurate other than at the TA.
VRUS Security details
AS: 7.5B
OS: 4.9B
Float: 1.75B. The float is the free trading shares. That is, it is all the common shares that are available to be traded publicly.
Most of VRUS shares are at the DTC. 4.7B. Those are not trading - they are reserved for covering loans.
We are not shareholders of record. Only those not in brokerages are shareholders of record. OTCM lists the count, which is in the 400's.
Mm's have nothing to do with share price. They don't even LOOK at these penny stocks - it is an automated exchange. Share price pressure comes from those with millions of shares that are either trying to sell, or buy more.
MM's make their profit on the spread - regardless of the direction of the share price. They get paid for every purchase and every sale of a given stock.
You can't uplist by stock price alone. First of all, you have to be profitable. VRUS is not, and won't be for a long while with this debt load.
The requirement to uplist to nyse are posted at nyse. It is only about how the company is doing, not where it's coming from. For one thing, the share price must be $4 or more.
NYSE Requirements
It ain't gonna happen any time soon.
US MM's may not be traders by SEC law. That would put the fox in charge of the henhouse.
Remember, every trade is logged as to buyer, seller, mm, brokerage. If an MM buys a stock for which there is no buyer, he is breaking the law, and the data is present to prove it. It strains my brain to think about penny stock mm's actully going hands on buying and selling for themselves. MM's are huge companies, and the amount of 'profit' they could make by trading is zilch compared to being busted by the SEC, and perhaps losing millions of dollars in revenue.
Besides, it is an automated marketplace. MM's don't even have eyes on these stocks - except to change their spreads. The MM's competition is other MM's. If they misjudge their spread, a different mm with a better spread will fulfill the order.
There are manipulators on most of these OTC stocks, but it's not what is often pointed to...
The OTC has 'whales', who deal in millions of shares of a given stock. They have set (limit) buys and set sells. If it gets high enough, a sale happens. If it gets low enough, a buy happens. These are long standing buys and sells, and it takes a LOT to break through this kind of trading. The whales do quite well doing this. I've done it before on some stocks where I had millions of shares. I made 100K on BVTK that way a couple years ago.
I suspect there are also teams that work together. They may use pumpers/bashers to accomplish their goals.
It is NOT MM's - they are not traders, they simply fulfill orders. And it is NOT brokerages, they are also not traders - they pass the orders from buyers/sellers on to MM's, who perform the trades.
There will be no buyback with borrowed money, period. They don't make profit yet, and until they do, there will be no buyback.
Has nothing whatsoever to do with MM's. It is simply trading. MM's don't trade - that would be illegal. They buy only when they have a buyer, and a seller within their spread. That is simply how it works. Mm's don't get a shit which direction the stock goes - they make their money just because there are buyers and sellers.
VRUS has 5+ million dollars tied up in accounts receivable. If they would get themselves paid, they wouldn't have to keep borrowing.
You don't have to 'think so'. That's how it's done. Fact overrides opinion.
The TA makes the updates whenever quarterlies or annual reports are filed, as well as any time the company requests them to do so. TA activity is controlled by the company. Some companies gag the TA, meaning they won't respond to requests for a private update. All you generally have to do is email them to get an update.
Look at as if it is fiction. There is no shorting in penny stocks.
There doesn't NEED to be a gap filled. But these stocks always go up and down, and most gaps eventually fill. Not all.
There isn't just one ask. All the MM's have their own. Trades happen only when there is a sell and a buy within a given mm's spread.
When you trade, you tell your brokerage what you want to buy or sell. The brokerage hands off your order to MM's. Brokerages are not traders. MM's are not traders. Your trade happens only when there is a buyer and seller with the spread of an MM.
It is neither. it is what mm's do when a stock has no buyers or sellers.
It's not news at all - it is just how the market works.
MM's trade at 5 digits, we at 4. When a stock stops trading, mm's trade back and forth to keep the stock liquid. That is what is happening with NSAV right now. MM's doing what they are supposed to do - making a market.
Read the filings. It was explained.
VRUS SEC Filings timing calendar. This remains the same every year.
FY end: 10/31 Due: 1/31 Filed: 4/13
Q1 end: 1/31 Due: 3/15 Filed: 4/29
Q2 end: 4/30 Due: 6/15 Filed: 6/22
Q3 end: 7/31 Due: 9/15 Filed: ????
No, the valuation of a company has absolutely nothing to do with the AS. The valuation of a company is called the market cap, and it is derived by multiplying current share price times the OS - the number of outstanding shares. Those in the AS are of no importance to valuation - their par value is a fictitious term that states use to tax companies with excess AS shares.
The price per share is not computed from the AS. Authorized shares is simply how many shares the company could put into the market, total. The AS can be changed, and often is.
The PPS is what people are willing to pay for the stock. No calculation needed, which is why it moves up and down freely. Simple trading 101.
And, in speaking of Verus's AS, one must remember that most of those are reserved shares to cover existing loans, should they convert. They can't simply start selling the remaining AS into the market.
When dilution is occuring, and a lender chooses to unload the shares they got, the price per share can and usually does take a dump. Too many shares for sale vs amount wanted. Too much supply, the price drops.
Partly correct. Has nothing whatsoever to do with trading. Dilution is when fresh shares are taken from the treasury and sold, or taken from the treasury and given to a lender in lieu of payment. It is CALLED dilution because your percentage of all the shares in the market is lower. You have been diluted, because instead of having, say, 1% of the shares in the open market, you now have less than 1%.
Buying and selling stock is simply trading - nothing whatsoever to do with dilution.
You cannot detect when dilution occurs - because you can't see the actual OS total, unless you ask the TA and they answer truthfully. Sometimes they are gagged, which is a pretty good indicator that dilution is happening, but not guaranteed - some TA's simply don't want to be continually bugged by traders about the OS count. It's too bad it isn't just a live number somewhere that we could all refer to. Maybe in another hundred years.
MM's trade at 5 digits, we trade at 4 digits...
No, it has nothing to do with the stock price. It is simply the amount of treasury shares that could be sold.
That makes no sense. Companies buy back shares to help investors. They don't buy back shares with borrowed money. 'Cash on hand' means they are either profitable, or they borrowed money. You would not borrow money to buy back shares, because there is interest to be paid on the loan, and you STILL have to pay it back. Not to mention the conversions if the loan isn't paid back on time - which would defeat the whole point of buying back shares.
Companies that survive on loans do not buy back shares. EVER. Shares are only bought back with profit.
MM's don't accumulate. Illegal. They buy when there are buyers and sellers.
Not at all. The AS is that size because it backs the convertible loans. Those shares are reserved in case conversions are needed. All public companies work that way. Convertible loans are backed by reserved shares - there is nothing else of value for a company that has no profit to back a loan with.
So, what IS the truth? What evidence of any business activity is there? What about the 'other' guy that says he is now in charge of NSAV? I've been in this over 3 years, and still have many millions of shares, but all the company has done is go to no bid, over and over.
No, that is not what he said. He said there would be no RS as long as he was in charge. There is now some doubt as to who IS in charge. Twitter account is gone, no sign of life from Tilton for months.
That's an oxymoron...dwyer and deliver
Of course it increased the AS...they got a large loan from Garnock to pay off the convertible debt. That was a good thing. But the law says they have to be able to back loans with shares, so the AS had to be increased to cover the loan. In fact, they broke the law by accepting the money BEFORE they had the AS increased, which was pointed out by an auditor, who then quit because he would not sign an audit with clear law-breaking involved.
I did read it. One has nothing to do with the other. Dilution simply means more shares going into the OS. That doesn't happen because of share price. They are not even remotely connected.
What in the hell are you talking about? Dilution is not trading, it is shelling shares out of the treasury or paying loans off with treasury shares. It means an increasing OS. Companies cannot sell or give away shares out of the treasury without shareholder notification.