is...retired
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MM's are not traders. They don't buy and sell shares to make a profit on those sales. They are brokers, and cannot buy unless someone sells in their spread and they can't sell unless someone is buying within their spread. Each MM has their own spread, including how many they will process at that spread. If a buy or sell is at market, their spread doesn't matter. At "market" is basically a trader saying 'I'll take what I can get' for selling, and 'I'll pay whatever you want' for buys. Market buying and selling is the stupidest thing traders can do.
MM's don't care a whit what a company's shares do. They only care that there are buyers and sellers, else they have to step up and 'make the market' by buying and selling among themselves. That's exactly why they are called that.
Do really think day traders will stop because the share price goes up? People day trade Amazon. It is simply a different strategy for making money.
Revenue is relatively useless without knowing net. Profit is what drives a company, not revenue without profit. In other words, that revenue might still add up to a loss. According to the fins, there was only $25 in the bank at the end of the year. Where is the money?
People, learn to use the ignore button. Resist the urge to respond to bashers. Look at their profile...if they have over 20,000 posts, they are not interested in the stock, but in your responses only. Some here have over 100,000 posts. That is 10 posts per day, 365 per year, for 27 years. Just divide their message count by 3650 to see how many years worth it is.
If you think you are debating with them, you are not. They don't even READ your responses!! They are off bashing a different stock.
Thank you. People that look things up learn. Those that guess never do but they claim they do.
Ah, another ignorant ass ignored. Sigh.
Actually, after today's close, it is exactly $266,340.54. It dropped quite a bit after today's high.
OTCM explains what it is. It is not about shorting stock.
If people are too lazy to look things up, and then make a big issue out of it on gossip boards, I am not going to educate them. That's THEIR JOB. All they are showing is their ignorance. I have zero patience with people like that.
Obviously, you have not a clue what that report means.
Annual reports for unaudited stocks require the attorney letter. Quarterlies and other filings don't.
And I should care 'why'? We bought over 40M shares in December, at around $0.002 as soon as JP left Nates and came here. 40M X .0093=$372K
But we'll never make any money on this stock...sheesh!
My SPZI is up $150K so far in my account, and another $140K in my partner's account.
Shows how much the 'know-it-alls' actually know.
Yes, if you pay NSAV's lawyer (Vic) $500 and jump through some other hoops, you can get them freed.
They won't get DTC compliant until they give us our dividend shares. They are unregistered and restricted, have been for 7 years. I'm not holding my breath, obviously...
It is probably because NSAV stock is not DTC qualified. That won't change until they fix that. You might try InteractiveBrokers. They trade worldwide, but I don't know if they will trade NSAV.
No, that will not happen. they don't post because of their belief in the stock, they post to get people to respond. Duh...People can't help themselves from responding, and the bashers profit from that.
My SPZI stock is up over $275K. Bought early and cheap, have not sold any. I thought the idea was to buy cheap and sell high? Oh, maybe you have it backwards??? Like so many others...
Nope. they don't buy stock. And they don't give a rip what it does.
The reason the share price falls is because idiots sell shares at market. That is all it takes, and it ALWAYS goes down.
No, they won't disappear at all. They do not care what the stock does, they only want people to respond back to them. They aren't even shareholders - theirs is simply a game to get you and others to respond. That is ALL they are trying to do.
Actually, YOU should go away and learn how to read an annual report. I state facts. You state dreams. You're on ignore now anyway...dream on...
Those revs are crypto. No one can verify any of it. There is only $25 in the bank...which means no profit. Revenues are basically worthless unless there is profit to go with it. Their losses were substantial for the year. Talking about that 'revenue' is worthless. There is no money, and without money, they can't 'buy' anything.
What would get things moving is for JP3E to report a successful shipment.
Clearly, they are setting up the divisions, and hiring people run them.
They also need to get the ticker changed, and get OTCMarkets fully updated. That 'shell risk' statement is ludicrous, but it will remain until JP3E gets OTCM to change it.
"The Shell Risk designation indicates that a company displays characteristics common to Shell Companies. This designation is made at OTC Markets’ sole and absolute discretion based on an analysis of the company’s annual financial data and may differ from issuers’ self-reported shell classifications in their own public filings. Our analysis evaluates asset composition, operational expenditures, and income related metrics. No action is required by a company to perform the evaluation other than publishing current annual financial information.
In limited circumstances, OTC Markets will consider removal of a company’s shell risk designation upon written request by a company. Please be advised that such requests will only be considered when there has been a material change in financial condition since the most recent fiscal year-end that is reflected in publicly available interim financial statements. Examples include a material increase in asset composition or operating revenues with related financial disclosure as a result of an acquisition or change in control transaction."
No it won't. They have no interest in the stock or what it does. Nor do they own stock. They are on a completely different train track, going someplace completely different than you imagine. And their fuel is concerned shareholders responding to them.
For those that don't know, John Park approached NHMD (Nates Food Co.) first with the chicken paw and sugar deals. It was supposed to be a reverse merger, but they had a falling out. By that time, I had a big pile of Nates stock, which I still have. John Park then approached Spooz and you know the rest of that story. I followed him here and bought up as much stock as I could afford.
Nates continues to talk about these deals, but it was originally brokered by part of JP's organization, so I can't see how Nates could actually have any contracts, specifically sugar and chicken feet, unless he managed to wrangle such contracts on his own. Clearly, he understood how to set it up, but I really don't think Nates' contracts are real. Time will tell, of course. I would like to get my underwater Nates stock out of the water!
Some people don't trade stocks. They write stuff and get paid for it. How else would one person have over 100,000 posts? One of our moderators fits that model. My rule is just don't trust ANYTHING that ANYBODY writes on a gossip board. Everyone writes because they have a goal. I go by what the company posts and files with the SEC. Everything else is suspect.
Hi, Mary, it's been a while!
Yeah, ever since JT originally took it over. I stupidly bought $500 worth of MJCoin, too. That just disappeared. At one point, I was managing over 280 M shares. Sold half in 2021 when it spiked and I became financially secure. Bought dividend paying stocks with some of it which brings in about $2500/month every month. That's more than my Social Security, by far. I still manage about 30M shares in multiple accounts. At least all of those were from trips, so I can just sit on them forever. Can't complain about NSAV any more - it has done me very well.
We'll see. I've been a shareholder since early 2017, and I know just how many 'deals' have been announced since then. It remains to be seen how that $23M is accounted for. I know how to read annual reports, and I don't see anything but losses.
It also shows him as secretary. But he has not been CEO for about 2 years.
Just look at OTCMarkets and see how many shares are 'held at dtc' for any company. But I've had NSAV since 2017 and the old CEO - JT - said he would never get NSAV DTC qualified in writing. You could find it if you searched right here on ihub. That was probably around 2018...
It's probably because they are not DTC qualified. An opening position is simply a buy. They will let you sell, but not buy. Schwab is not the only broker that won't let you buy NSAV.
And I still have 500K of those 2017 dividends. If NSAV management thinks they are going to get DTC qualified, those shares will have to be registered, and unrestricted. That's what I've been waiting for...
If it's not in the spooz fins, it isn't true. But why dig up shit like that which can easily be seen to be a lie? Oh - that's right...
Not exactly. Finra is not responsible for tickers, the SEC is. SPZI will or has applied to the SEC for its ticker of choice, and is/will be waiting for approval. One would hope that it would be complete by the filing of the first quarterly report by JP3E. Due up by May 15...
When a company is alternative reporting, not SEC reporting, the fins are not audited. The attorney letter is required for annual reports for those companies. Once JP3E becomes audited and SEC reporting, those attorney letters will not be needed.
You do realize that the bashers are doing their job, right. Their job is to get you to respond to their posts. It has nothing to do with 'helping' anyone except themselves, and you do help them by replying.
Your words make you look foolish, because that is EXACTLY what they want from you. The ONLY reason they write such stuff is to goad people into responding. When you respond, it looks as if you believe what they write. Use your ignore button, so you are not tempted to write to them or about them.
Uh, those financials were for a different company. That company doesn't exist any more. What should the market make of the financials of a dead company?
Could you give it a rest, please? The annual report was for spooz. It mentioned that there was a change in control. After the FIRST filing of the new conpany, JP3E, we will see what they have done in Q1. They didn't do ANYTHING before end of year to report. So, there was nothing to report on spooz's annual report. JP3E HAS ALREADY REPORTED THEIR ACTIVITY SINCE THEN PUBLICLY. NONE OF THAT BELONGS ON SPOOZ'S ANNUAL REPORT.
And an executed contract simply means there is a signed contract. It's a piece of documentation that shows companies agree on forthcoming activities. Shipping products between far distant countries means arrangements must be made to purchase, arrangements must be made to schedule ships to arrive at the shipping port, arrangement must be made to deliver the good to the ship(s), Arrangements must be made to load the ship, and at the receiving end, arrangements must be made to clear customs, and unload the ship where the buyer takes custody. You don't just snap your fingers and all that stuff happens in a day.
Wait for the frigging report to see what has been accomplished.
All this speculation does nothing but bore the hell out of those of us who are waiting to see what has been done.
And, in case you don't understand how a reverse merger works, that is online. It is how a private company goes public, using a nonfunctioning public shell as the public entity. Then comes the name change, and finally the ticker change.
The annual report was for spooz, not JP3E. The change of control WAS listed, but that's all that should be in subsequent events for the spooz annual report.
It won't happen again - you're added to my ignore list. And I'm not the one making insinuations without knowing the facts. You are grasping at straws. Just like all other unproven assertions, they are meaningless. But the meaning you are insinuating is clear.