is...retired
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Prove that. Show a link, to Nasdaq that shows that a company can never have been profitable and still 'uplist'. You won't be able to do that, because there is no such path.
If you read the requirements for uplisting, the share price is only one of several requirements. So, an RS does not ensure an uplist is even possible. It is easy to find the requirements...just 'google' for 'nasdaq' uplist requirements and read it. Notice that regardless of share price, VRUS does not qualify.
There is nothing to debunk - the RS was approved last January. They just have not scheduled it, and might not, but it is STILL approved. Read the filings.
Speaking of Dwyer's past history, my first assocation with his companies was in 2017 with TGGI. Sounded like a reasonable business plan so I bought some. Turns out, though that he is also CEO of BDCI and GCGX. He moves things from one company to another under the guise of making a deal of some kind with 'another company', but if you research those companies, you find he is moving the pea from walnut shell to walnut shell because he owns all of them. My tggi is now down over 99%. The only stock I have ever owned that was at FIVE zeros...$0.000001.
If you read the disclosures at tggi, bdci and gcgx, you can unravel the very circuitous route he has used to move assets around, without ever making any money with any of them. These 'deals' are simply pumps, and Dwyer is simply a crook. My nearly $10K is now $25...and I couldn't sell them if I wanted to.
Do you really think Amazon started in the stinky pinkies? Good grief! If you've ever 'gone public' in a company, as I have, you would know you have to show multiple quarters of profit before you can do it.
Again, just READ the uplist requirements, and then you'll see ALL of the requirements, not just the stock price.
Just read the requirements for Nasdaq and NYSE, and then you will know instead of spouting off stuff that is wrong. READ THE REQUIREMENT!!!
Uplisting from the OTC is different than an IPO...
All this chatter about uplisting neglects one simple fact - companies must be profitable in order to uplist. VRUS runs on loans. Not profitable. There IS no uplist until/unless it becomes profitable and THEN share price will figure in as well.
These devices have been on the market for 2 years. No significant takers. If you can't tell that the market is becoming littered with various devices, you are ignoring the facts. ONCI's product is apparently too expensive for mass adoption.
And the other 5 companies - not a peep. The name change? Not a peep. The move to Nevada? Not a peep...
Pumping up ONCI with visions of success does nothing to offset the reality of failure, so far.
It should be obvious by now that the window for the ONCI distracted driving device has passed, and is still closing rapidly. Most insurance companies already have chosen a solution, and getting them to change would be next to impossible - anything they have in the field would have to be recalled, etc.
ONCI needed a sales force to get the sales job done. The CEO has been busier than a one-legged man in an ass-kicking contest, but he is not a sales department, he is simply an individual person with ideas for several other companies besides the distracted driving device/app. He is overextended, and can't get even one thing working, let alone six.
The stock price tells the tale. None of the projections over the last two years have happened, not even the name change. Hexagon was a poor choice in the first place, since there are already several companies using that name. I wrote that two years ago, when it was first announced. One Google search revealed the problem - hexagon is heavily used already. But more importantly, none of the advertised 'companies' have amounted to anything. My ONCI stock is down 97% . Not happy. Do I ever, ever, ever expect to break even? Not a chance. I will take a tax loss and get the hell out of here. Even in the OTC, you should be able to break even in two years.
Nothing sad about taking profit...that's what people are supposed to do...
When there are more sellers than buyers, the price goes down. Stock market 101...
Uplisting to NASDAQ or NYSE requires that the company be profitable, and have a sustained share price of $4 or more. VRUS is not yet profitable, so uplisting is out of the question at this time, regardless of share price.
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?