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Now would be awaiting the sales numbers for the second quarter (April - June) . $10 million minimum would be a GUESS but $100 million is possible and would solidify conviction in gold tokens for all currently watching.
Today's closing price should be interesting. Don't and never owned any shares of this stock but have been watching it since it showed up on the most read board here.
That is good news for sure BUT now we have to wait and see as to HOW GOOD that news is to the investing public. To some $1 million in sales may be considered mediocre , to others a great start to much much higher sales. If in two or three months from now sales exceed $100 million all will know and have to agree AABBG is onto something.
A little bit of short covering again today ? Think there was heavy shorting when the PPS was above $4 and yesterday it stopped going down in the $2.95 area , so made it prudent time wise to start covering. JMHO
HMBL currently in a matter of minutes spiking UP - and now it seems so is AABB
In the last 30 minutes a move from 3.00 to 3.40
Nice UP spike
Anybody "KNOW" what mines get paid for the actual physical GOLD they produce ? Doubt they get paid the current SPOT PRICE.
Reason for the question is that if the demand for these gold tokens stays higher than what the AABBG mine can produce than the only way to meet that demand would be for the company to BUY PHYSICAL GOLD on the open marker or from a different producer to meet demand. That way they would not miss out on any 2% transaction fees
" begin " being the key word in your post. To start need that VirtuaBroker to be released and revenue generating. After that depending on how well it is received by users on an ongoing basis will determine its value and ability to create increasing revenues. That makes NSAV a long term play if so.
Just have to OUTLAST them. If AABB in the coming months or years manages to grow and make increasing profits quarter after quarter it will be HARD then to keep the PPS down. That is a LONG TERM VIEW. If you have a SHORT TERM VIEW than your timing in and out will be most critical in playing a huge massive illegal shorted stock. They do at time have to allow the stock to rebound a bit when they cover or want a higher PPS to short. NOTE: If you think about it they cannot BANKRUPT a company that has a positive cash flow and does not need to issue more shares to function.
They simply just add to the number of shares you already have. NO RESTRICTIONS
Seems to me there is a NEED for retail investor site to be created to LIST all stocks deemed to be HEAVILY SHORTED and therefore MANIPULATED so they/we can counter those trades by BUYING. If it is costing these shorters as much as 5% per week to have those short positions they won't hold them long if buying comes in HARD. AIMO
Based on that video link there are some institutional investors WATCHING AABB and AABBG with interest along with retail investors. Whether the gold backed token becomes POPULAR still remains to be seen but as it has only just been created and brought into existence this past March 9th means it is EARLY yet and well worth the buy and hold gamble as all forms of crypto are in demand and has an excellent chance of high success IMO
Am imagining a few investors here watching the final minutes of trade MUTTERING " CLOSE ABOVE 30 G** DAMIT - CLOCE ABOVE 30"
If you check ALL the major indexes are starting out the day in the RED. See it as a sign to not expect much gain IF ANY on holdings
How often does that prove to be accurate ? Am a LONG HERE but not familiar with this " cup and handle " chart thing you mention
EXPECT 2021 to be way higher than that will all they are doing so far this year
Here is another question. Will the launch date of March Broker31st for VirtuaBroker happen on time or will there be a DELAY ?
Moving UP nicely now
t-trade volume is miniscule compared to the daily volume. Also has NO CONNECTION to dilution here IMO
AABB has way more shares O/S then that one. So I would not be too sure that PPS can be achieved by AABB. But it would be nice to see a AABB move up that one had in the same time frame
YAA its coming back up BUT with only POSSITIVE news out there today , the 26% up move was expected and maybe a pullback but not an 18% drop in the RED so fast. That was ridiculous
The 52 week high is .659 Today's action should break that and set a new high
VOLUME 15m in the first 5 minutes
Might see a little share price chasing this morning at OPEN with PM trading higher
Would think that the tokens , being GOLD BACKED , value would therefore be held to the value of GOLD. So its movements UP or DOWN will reflect gold prices. Am I wrong ?
Current EOD push down effort failing unlike yesterday. Next week setting up nicely for a solid UP MOVE.
A twenty fold demand is nice to have at the start. Who knows what the supply demand later will be , but for now a very good sign.
Many counting on it currently. Next week big week. This week and today were/are good time to add and WAIT FOR IT. GOLD TOKEN RELEASE PR
Trading at .43 already on volume of over 8.3 million. Nice start for the day
IMMINENT currently based on the expected soon to be released oversubscribed gold backed tokens. TODAY , NEXT WEEK , SOON
LOL Green close but it sucked as it was HIGHER ALL DAY. Hope this "TOKEN RELEASE" happens tomorrow
Think its at .47 now and looks like it could break above .50 before the close which will IMO set it up nicely for tomorrow's launch of the tokens
For now seems to be held in a trading area between .43 and .44
Needs to breakout from there which means need more buyers
Two things I got out of that video is that for this stock to go crazy the PPS needs to break and hold above $.40 and that the token release must be accomplished (be it tomorrow or in the near term )
Have been OUT of this one for what seems like a long time now at a profit waiting tor signs of hitting a bottom. Still looking like bottom has not been reached am puzzled (???). So many days in a row of RED.
GOOD DAYS AHEAD ? Like maybe a breakout above the 52 week high ?
That would be NICE
Got to love those HOD closes , RIGHT , most often times I know of it indicates its going to go HIGHER the next trade day.
Your math is a good way to look at NSAV PPS maybe for now. Expecting the PPS to rise in the future , SURE. As you admit though actual future movements most likely not match your math table as positive events as they happen will pop it along the way in months to come but overall could come close. Can only expect that the future movement will be in the "UP" direction for now. RED days will happen too but longer term is a better outlook for this one currently IMO
UP at the today's close then , looks like for now
Guess I am at a LOSS on that news announcement. Not sure WHAT good if any it does for NSAV. Also did a little reading no this PRO MUSIC RIGHTS company and they have other law suits/settlements to deal with currently. As a private company there is no public info on this PRO MUSIC RIGHTS company. If you find any please post