is...retired
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Companies that are not profitable do not uplist. VRUS is not profitable - yet.
It's not 8 months. It is a full three quarters, all overdue right now. FY End is 12/31. Quarters are due 45 days after quarter end. Q1 was due 4/15. Q2 was due 7/15. Q3 was due 10/15.
In my opinion, when a public company does not file its financial reports on time, and responsibly, is because the company doesn't want the public to know what is going on. It doesn't cost that much to file fins -
So, NSAV is very close to falling into Caveat Emptor territory - the basement below stinky pinkies.
Nothing bragged about for the last two years has come to fruition - even our dividend stocks have never materialized...they show at etrade, but they are STILL restricted, and cannot be sold.
They did uplist in 2019 - from pink sheets to otcqb.
MM's dont' hold the price either way. They make their cut regardless of which way the stock is trending. They get a CUT of every trade. Every buy, every sell. It is their spread they care about, not stock price.
You cannot detect dilution by looking at trades. The ONLY way to know is to contact the TA to see if the OS is increasing. THAT is dilution, everything else is just trading.
Planning for an uplist is not uplisting. Go read the damn requirements - the company HAS to be profitable to uplist. It is not yet profitable. They can plan all they want, but uplisting won't happen until/unless they become profitable AND the share price meets listing requirements.
Claiming to be on a path to uplisting is simply a pump. It is not POSSIBLE to uplist an unprofitable company. But it sure sounds good to inexperienced traders...that is the very essence of a pump!
There won't be any uplisting to a major exchange until the company becomes profitable. It isn't simply about share price. Go look up the requirements...and stop dreaming.
From NSAV tweet last week:
NSAV Holding, Inc.
@NSAV_MJTechCo
Nov 29
More great news. Our accountant, this afternoon, completed the NSAV 3rd. quarter financial statements and they will be filed with OTC Markets asap and NSAV will be Pink Current. Thank you and have a great weekend.
How can JT not acknowledge that no filings have been made since the 2018 annual, meaning the first quarter, the second quarter AND the 3rd quarter are all missing? How can anyone suggest that just filing the 3rd quarter would bring them current? Is that a blatant lie, a pump, or just plain ignorance of the state of things?
From OTCMarkets -
The last thing filed was the extension for 2019Q1, giving them 5 more days to file:
5 day extension
If you buy or sell stock based on what is said on these gossip boards, you will lose money. Plain and simple - these people are not investment advisers, they are trying to make money just like you. You are in competition with them, so you need to make your own decisions on your own due diligence.
One of the best ways I have found to evaluate a stock is to check its 3, year, 2 year, 1 year, 6 month, 3 month charts. Figure out where the peaks and valleys are, how often they happen, and use that to decide when to buy or sell. Too many people buy on peaks, then are disappointed when they lose money. If you know where the valleys are, you will know when to buy.
It is the OTC - it doesn't work like big boards. None of the financial issues normally evaluated for big boards count here. Fins are a starting point, but it's more about the business plan and its viability than anything else. The more believable the business plan, the more people will be willing to pay for the stock.
Verus is in the business of borrowing money to buy goods, shipping the goods to where they are wanted, getting paid and repeating that cycle, over and over. A little money is made each time, but not enough, apparently, to cover the expenses, thus the ongoing loans. The 'growing organically' implies buying smaller companies to enable more goods to be processed, like the ice cream business. But it costs money (or shares) to buy these companies, so it takes time for the 'payoff' to arrive.
Regardless of the rosy business plan, and projections, unless the fundamentals improve, the stock will go nowhere.
It's all about market cap and profitability. That's share price X shares out. 2.3 B shares are out for about $40M at $0.018. The $40 M is what shareholders (the market) feels the company is worth.
VRUS is not profitable - it is a growing company, but it will have to start making money at some point in order to increase share price. Since it is not making profit, it has a burn rate. The burn rate is how much it costs to do business. As long as the burn rate remains higher than the revenue rate, there is no reason to expect the share price to go anywhere.
That's why you buy these shares and just sit on them until the company completes some of its plans and becomes profitable. Business is slow - shareholders are impatient. So, shares change hands many times while the company slowly grows.
Anyone that thinks the share price should be a nickel should think about how the market cap can get to $120 M with no change in business profitability. Pie in the sky.
A reverse split won't change the market cap, it will just change the OS. That, in itself, offers no benefit to anyone.
And uplisting? Fuggetaboutit. They don't accept unprofitable companies, regardless of the share price.
Yes, shareholders of record are anyone except brokerage shareholders, no matter their status as lenders, insiders, etc. If your shares are not through a brokerage, you are a shareholder of record.
Because the >400 are shareholders known by the TA, and are not in brokerages. They are called 'shareholders of record', and they are the ones that include insiders, lenders, private (not public) investors, etc.
There are likely thousands of vrus shareholders including brokerages. MOST shareholders do not visit stock gossip pages, such as ihub. And MOST of the shares are held by those that do not visit here, which is why if we ALL decided to buy or sell at one time, the price probably would barely register a change. But of course, we will never all decide to do the same thing anyway, which is why none of us can influence the price.
Whales, of course, control the price. They have fixed buy/sell limits that are always in effect (which I also do with some stocks). While people blame MM's and everything and everyone EXCEPT whales for 'stock manipulation', it is the whales that control it. And, whales can work in 'pods' and do group buys/sells to enhance their holdings. This is all behind the scenes, while we watch the EFFECT of this activity and try to figure out what is happening. This is the OTC, and that's how you make money in it. No one makes any significant money on the OTC by 'going long' on stocks that will almost never go anywhere for any length of time. Like surfing, we can make money by 'catching the waves', but most of us ride right through them then wait for the next wave, etc.
You obviously have not held through an RS. First, yes, the split happens and the new price is affected. However, at that point, every share is recalled by the TA and new shares are issued. Your ticker, at your broker, has a 'D' added to the end...VRUSD. Now, you are not able to trade those shares - buy or sell. There AREN'T any shares to trade, as they are all recalled by the TA, and ALL TRADING IS HALTED. That lasts 3 days, the 'D' lasts 30 days. By the time YOU can begin trading, the price will no longer be what it was on the day of the split. It NEVER is. Anyone that says different simply hasn't been through it.
The REASON that happens is that whales not in brokerages take advantage of those that are in brokerages, and they SELL at the top, dropping the price. they may even buy back when the tanking finishes, but it ALWAYS happens, no matter WHAT the reason for the RS - which is always the same - they issued too many shares and overblew the OS, which becomes an anchor. You can either RS or buy shares back with Profit. No Profit, no buyback. VRUS is not profitable. AN RS is not a good thing to shareholders, period. Shareholders will ALWAYS lose money in an RS. Don't believe me? Try to find even one person that has held through an RS and tell us what company it was. It's easy enough to research.
Regardless of what anyone says, an RS is never a good thing. VRUS already has approved one at up to 400 for 1. Your half mil shares would become 1250 shares at that rate, but worth 400 X each. So, the value (market cap) itself doesn't change immediately. but everyone in a brokerage, like us, will be prevented from trading as the RS is executed. But those with share NOT in a brokerage are able to sell. They do that. They collect at the moment of the RS by selling, and that selling drops the price. it ALWAYS happens. I have watched many of them, and I've seen people hold through them, and found their shares worth the pre split price in only 3 months - the rest all a huge loss.
All I can tell anyone, and talking from experience, if an RS is announced, immediately sell all your shares. Keep the money safe for after the RS. Watch what happens to the price for 2-3 months. Then, if it looks like a good idea, buy your shares back. You will not lose a damn thing by selling, then buying back later, if that makes sense. But holding through an RS is a virtual guarantee that you will lose value in the process. It is YOUR decision, but trust me, I will never hold even a single share through an RS again. It's too easy to buy back on the other side, and if the standard price drop happens, you will make a profit.
I don't understand the hangup on 911 trades. Mm's buy their shares from many sources to fill your orders. Just because you order 10K shares doesn't mean an MM finds all 10K in one place, at the best price. I've bought 1M shares and it was filled in 2 tranches - 999,999 and 1 share. Yes, one share. MM's don't pay commissions, so it is no sweat for them to make tiny trades to fill out an order. They always buy at the lowest price to fill your orders (most profit for them) and then make smaller buys to fill out orders at a less profitable price.
What YOU see is the RESULT of what the MM's do, not what private traders are doing.
About Monaker:
Monaker has been around since 2012, either as part or whole owner of the businesses of which Vrus is or was a part. VRUS exists as a standalone company now, having extricated itself from previous managements, ownerships, and businesses. In return for this extrication, VRUS issues stock to Monaker to satisfy the court and stakeholders...
On April 22, 2019, the Company issued 152,029,899 shares of its common stock to satisfy the settlement agreement by and among the Company, Monaker, American Stock Transfer & Trust Company, LLC and NestBuilder that was executed on or about December 22, 2017. So, those 152M shares do absolutely represent dilution, but selling those shares on the market does not - they are already in the OS.
So, essentially, VRUS 'bought itself out' of Monaker by issuing shares. Monaker of course doesn't want shares, it wants cash, so it is dumping shares at a rate that won't tank the price too badly, yet lets it recover the cash it wants.
So, there are rules somewhere that talk about the rate at which Monaker can sell those shares it got last April. We are seeing that happen, which is what is holding the price where it is. Monaker is unlikely to just 'dump' into the market, as that would further depress the share value and cause THEM to make less money on their shares.
The best thing we, the remaining shareholders can do is to keep buying up what Monaker is selling - getting rid of monaker once and for all, and allowing VRUS to begin gaining in value due to its ongoing businesses. I think VRUS will turn around nicely once those monaker shares are out of their hands.
???? OP asked why sell at .0001...what on earth does a penny have to do with that?
Because you want to do something else with the money. Each 100M is $1k. That can go into something that the seller thinks is a better buy. Simple.
Or, you could just point out that there have been no filings since 2018...It is as if JT has walked away from his 'holding company' plan.
It becomes clear to me that holding company actually means 'company that creates bag holders'....of which I am certainly one, at a 90+% loss on my NSAV shares held over 2 years. Even the dividend, now zeros out as 'NA'...
This is one of the most bragged about enterprises that produced absolutely nothing, running afoul of the law in every potential profitable entrance point, that I no longer believe JT ever HAD any intention of doing more than pumping up an idea to get us to finance it, then dropping us all like hot potatoes. I am probably the largest bag holder with a quarter billion shares. Not much has to happen at this point to recover, but I don't think there will be a recovery, since I now believe it was all a ploy to get money that we will never see back. I notice the current OS is now
5,443,636,893 as of 11/18/2019. And Authorized is 6,000,000,000
Almost pegged. Now, since he said there will never be an RS while he is in charge, how long he will be in charge?
Sadly, another fleecing of hopeful shareholders that buy into a logical business plan only to learn the plan is to fleece shareholders, not produce a profitable company.
Short interest is reported to the SEC twice per month. That is MM's that did not cover before end of day, not retail shorters, who can't short penny stocks in the first place.
Even after the recent drop, I'm still up over 100%...so, yes, I'd say it is a correction too...Where you buy in sets your expectation. If you buy on a rise, and it falls, that is, uh, because of where you bought in...and it is a correction...
It's not proof of anything. That report is not about people shorting the stock, it is about VOLUME being traded, and how many are short by MM's. NOT RETAIL - Call your broker and ASK THEM to short this stock. They will tell you NO because they don't let anyone short penny stocks. BROKERAGES don't permit it.
According to the fins, ONCI is not profitable. That means it is losing money. THAT is why he funds it - to get past this phase.
Zero degree. Can's short penny stocks.
There can be no dilution unless the OS is increased. All you have to do is contact the TA to get an accurate OS...they ALWAYS know it, because they are in charge of keeping track.
If you want to keep up with public companies that tweet, why don't you open your own account? Why ask others to do what you refuse to do?
If you think brokers will permit shorting stocks, identify one. You can't because they don't.
Why? Because brokerages require a margin account, and about $2.50 per shorted share in margin. So, for shorting 1000 shares, you would have to put up $2500, JUST to cover the margin. You can't spend that money, it belongs to the broker until you cover your short. At a $.01 value stock, if you bet it is going to drop by 10%, that would be $.001 drop. So, you are shorting that penny stock by betting it will drop 10% to .009. If you are right, you 'win' 1000 X .001, which is exactly one dollar. So, you put up $2500 margin to try to gain $1. Anyone see any logic there?
At the same time, you could use that $2500 to BUY the same stock, giving you 250,000 shares. If it rises the same 10% that you wanted to short by, it means you'd have 250000 X $0.011, which is $2750...
Now explain to us again why people would short penny stocks...if they could.
First, there are no shorters in this stock or any other penny stock except MM's. Brokerages, such as etrade don't permit shorting any penny stock, which they define as anything under $5 per share.
Second, if your shares are up for sale, they ARE available to be shorted. It doesn't matter what price per share you put them at.
MM's BORROW shares that are up for sale, then replace the SHARES when they cover. They don't BUY your shares, they BORROW them then replace them.
Growing companies that are running in the red, and using borrowed money to grow, do not buy back shares. That is completely counter intuitive. Shares are bought back with P.R.O.F.I.T. Period.
No, it is not due in December, regardless of what Mark said. The SEC sets the reporting rules. Quarters are reported 45 days after quarter end, annuals are reported 90 days after FY end. Every trader should know that and never have to ask.
Mark should know that, but he probably forgot the FY end was October 31, which gives them until Jan 31 to file. Public companies are rarely early to report, so I would not expect a report in December.
You can easily check otc markets hours yourself. I copied directly into my first message. I don't need to prove anything, you just need to learn to read things besides message boards.
Not quite true - the OTC market hours is longer than the brokerage access. there can be both premarket and aftermarket trades by other than brokerages.
OTC Markets U.S. Extended Hours Trading
Stocks can always be traded on the OTC Markets U.S. during regular trading hours (listed above).
But there are also Extended Hours Trading during which trades may be made. There is significantly less trading volume during extended hours. Lower volume results is a larger spread, bigger price jumps, more volatility, and more risk. Extended Hours Trading allows investors to act quickly on information that comes out after markets closed.
In the past, only large institutional investors could participate in Extended Hours Trading. Due to the emergence of electronic trading platforms, individual investors are now able to trade during extended hours as well. Depending upon your broker, you can usually choose to execute trades during pre- or after-hours or only during regular trading.
There isn't a Q4. Quarterlies are due within 45 days after the quarter, and annuals are due 90 days after the FY end.
You do realize that the short report has nothing to do with retail traders, like us, right? At least in the penny stock world. It is where MM's have not covered by close of business, which must be reported twice monthly to the SEC.
If you don't believe that, just go to your broker and tell them you want to short 1000 shares. You will have to have a margin account, since you can't borrow stock with a cash account. You would also have to put up $2.50 per share shorted, so $2500 just in margin to short 1000 shares. If it goes down, you might make 1000 X $.005, or $5. That's right, you would be putting up $2500 in order to make $5 ONLY if the stock drops by the amount specified. If it goes up, you lose all the way around.
But your broker will tell you that they don't permit shorting penny stocks anyway, so you CAN'T short it even if you want to, if you are trading through a brokerage.
With $2500, it would be far wiser to just BUY 1000 shares, and take your chances. If it drops, you sit on it. If it rises, you can sit on it or profit from it.
MM's generally borrow stock to fill orders. They usually cover in microseconds to seconds, but occasionally, it doesn't cover before the day is done. That is what is reported to the SEC.
Oh, and short volume? Which was linked...is not even related to short interest. It is just a case of bad choice of words for naming the report. Google for short interest vs short volume to learn the difference. Short volume basically is an indication of how much the stock is being traded, where higher is better.
Don't ever think an RS is a good thing. Been through them before, and there are some real issues. First of all, it is best to sell before, and buy back in afterwards, once the price stabilizes. It will almost always sink during the month after.
But here's the thing - if you are in a brokerage, you won't be able to trade for a few days, while all the shares are recalled, and new ones issued. It takes time for that to happen, and your brokerage won't let you buy OR sell during that time. But, shareholders that are not in brokerages CAN buy or sell. They usually sell right after the RS to get top dollar. As they sell, the share price drops. Meanwhile you are twiddling your thumbs, watching the share price tank.
The ticker will have a 'D' added to it for a month, while everything shakes out. The TA takes care of the actual shares.
Net result? You will almost ALWAYS lose some money in ANY RS, for ANY reason. That's just how it works. I've seen a 1 for 4 split where a month later the price dropped back to the pre-split level. I felt bad for those people because they lost 75% of their investment. I sold before the split, and never bought back in.
So, you have been warned by someone that has been through several of them over the years. It is obviously your choice, but at least you now know what to expect.
MM's could care less what the share price does. They make their spread whether the price is increasing or decreasing. The ONLY thing MM's actually care about is that there are buyers and sellers. It is when the stock becomes illiquid (no buyers or sellers) that they are FORCED BY LAW to buy and sell between themselves, to provide liquidity, so prospective shareholders see action on the stock. They don't MAKE any money on those transactions - so as long as there are buyers and sellers, they just collect on every.single.share that is traded.
And, when MM's do short, they cover in microseconds - no one looks at these companies or their share price - the transactions are all automatic. No one in a tin foil hat trying to eke out weekend beer money by manipulating penny stock prices...
It takes a buyer willing to meet your limit plus the MM's spread.
The AS is unchanged, and will remain so until they file an 8K to change it.
You need a boat to hold your bags. Me too.
A 10-bagger wouldn't even get me even.