is...retired
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You are apparently the clueless one. I said they could take shares from the AS but not from the OS. The other poster said someone was 'giving back' a billion shares from the OS. I said the fins didn't show anyone with a billion shares. Maybe a little reading remediation would help...
In any case, the new management has not said WHERE the shares would come from, so none of us has a clue until they DO tell us.
How can you possibly say such a thing?
If anyone owned that many shares it would have to be in the fins. It is not. Look it up - no one has a billion shares.
If you don't know how the system works, you shouldn't make statements as fact.
Besides, they have not said where those shares would come from, so speculating on it is useless. Stating guesses as fact is also useless.
No, you can't change the OS. That is the shares that are sold, and in people's hands. The change you will see is the AS, which are the shares that have not yet been sold. The company has complete control over the AS, all it takes is management to change their articles of incorporation, which we will soon see.
The SOS is the keeper of the articles of incorporation. The AS must be changed there. You'll know its done when you see it at OTC Markets. Still at 6.5B right now.
What is a reverse merger?
A reverse merger is when a private company merges into a public company and takes command of the public company.
The public company name sticks around but may be changed in the future. The private company no longer exists - it IS the public company.
The old management of the public company is gone. The management of the previously private company now controls the public company.
So, the old NHMD management is GONE. The new NHMD management now controls NHMD. There is no Nate any more.
Reverse mergers are performed when a private company does not want to go the route of an IPO, which is both expensive and takes a LOT of time.
A standard merger is when two companies merge and keep both companies runnng.
So, forget anything you ever knew about NHMD. That company is GONE. What we are now looking for is the new NHMD to make good on its plans. Reducing the AS is a good start.
No, the company is not selling. There is a method to take shares from the AS and put them in the OS and it's not by 'selling' on the open market. LMAO!
Right...people in stinky pinkies have stop losses! LMAO!
So, the OTC is automated. That means there are no MM's looking at trades at all.
It also means that, in order to short a stock, you have to use a broker that is willing to do it.
And if you find a broker, you will have to put up a margin to cover the loss if it goes up instead of down.
The margin is in the order of dollars, even if the stock is only valued at .001.
So, 10000 shares of stock would cost you about $25000 dollars in margin JUST to place the trade. And, if it goes down to .0009, (10%), you could make 10000 X .0001 or 1 dollar. but if it goes up, you would be paying with your margin. I know math isn't everyone's strong suit, but even an idiot should be able to see that shorting penny stocks makes no sense, let alone that brokers won't even do it, because it would be a waste of THEIR TIME to do something that could not possibly make sense, or make money for them.
Another one to put on my ignore list.
There are no shorts in penny stocks. Any OTC trader should know that. Don't believe it? Talk to your broker about it. Not allowed.
My stupidity? YOU CAN'T SHORT PENNY STOCKS, PERIOD, IDIOT! Try it. Talk about stupid.
I dare you to short even 100 shares of NSAV and prove that you did it. You can't. No brokerage permits shorting penny stocks, and it would be a foolish person, indeed, that thought that shorting a volatile subpenny stock would be worth the upfront cost to do so, IF it was possible, which it is not.
To short a stock, of any kind, you have to front the money, about $2.50 per share to do so. That's so the brokerage doesn't take the hit if it goes upside down. Of course, you don't know that, because you are too stupid to even understand the concept.
But do go on with your stupid comments, you are now officially ignored, as I do with everyone that proves they don't know what they are talking about. Why would I want to read trash from someone that doesn't even understand what they are talking about?
Don't know what you are insinuating, but mergers are common and there is a process for doing it. Of course, anyone that has been around the OTC for any length of time would know that.
The SEC rules state that insiders can only trade within the 'trading window', which is within 30 days of filing financial statements. Obviously, if it were any other way, insiders could take HUGE advantage of upcoming events, good or bad. They can't. It is illegal.
Having gone through multiple mergers in the past, there is almost always a 3rd company formed, which eventually combines the assets including stock into a single company, then that 'temporary' company is disbanded. It is a company with no assets, and no shares, but is there as a holding vessel for the merger.
They are not 'basically' the same company, because one is temporary and the other will disappear.
And a little careful reading of the 8K would explain that the company is a newly created company, just in September, and just for the purpose of managing the merger.
"JP Energy Group, established in September 2023 with the purpose of fulling and executing on the contract executed by JP Energy Partners as disclosed in our 8-K filed September 21, 2023."
You do understand that insiders can't buy/sell during the quiet period, right? They may buy and sell only withing the 30 days AFTER posting the quarterly reports. Been there, done that.
Oooohhhh somebody learned a new word and wants to show how smart they are by using it.
Fact is, penny stocks can't be shorted, naked or otherwise. And anyone that thinks otherwise is welcome to ask their broker to short even 10 shares of worthless shares. There is FAR more to lose than there is to make in such a transaction, even if it was allowed.
To show how stupid that idea is, consider that for one to short NSAV, they would have to pony up $2.50 per shorted share to start with on a stock sitting at $0.001. And for what? To make .0001 cents per share, and lose the $2.50 per share if it goes up instead of down...SMH.
No, it is not. Gibberish!
You haven't the slightest clue. NSAV can't short shares. Neither can you short penny stocks. Your broker won't let you. So, just another BS post from someone that has no clue. At least I know to Ignore any further posts. I ignore anyone that has no idea how the system works, because they only bluster stuff that is wrong. I don't need to even read them.
What on earth are you talking about? No one is trying to tank NSAV any further. Not that 'people' could in the first place.
It just means the original report had an error to be corrected. When Yield, you can sell but you can't buy due to recent SEC rule changes.
Each market maker supports a select number of companies. At all times, each market maker posts a bid and an ask. That is called the spread.
Along with this spread, they post a quantity that will read like this: 200 x 400
That means they will BUY 200 shares at the bid price, and they will SELL 400 shares at the ask price. That shows you that they are trying to unload shares. It also means the price is probably dropping.
If it were this: 400 x 200
It would mean that they will BUY 400 shares at the bid price and they will sell 200 at the ask price. That shows that they are trying to load up. They are willing to buy more shares than they are willing to sell at that spread. That probably means the share price is increasing.
In level 2, you will see these 200's and the 400's as trades. They are trades, but they are part of a larger order. After each 200 or 400, the MM can change the bid, the offer, and the quantities. That's why, when you buy a bunch at market, the price slowly increases. You pay more for each tranch, because the MM computers can see that it is a market order, and it is a large order, so they ramp up their ask as they go through each quantity. When you finally see your order, you can look at your brokerage and see how many you got at each price. I once had a million share order, and one tranch was for only 1 share. That's because 999,999 shares were traded through other tranches, and that one share was left to complete the order. That would always be the last tranch - it is what is left at the end.
Look up a stock on Yahoo. Look at the bid/ask prices. They will look like this:
Bid 4.9200 x 42300
Ask 4.9300 x 29200
Day's Range 4.8900 - 4.9500
That means they will buy up to 42300 shares at 4.92, and they will sell up to 29200 shares at 4.93. They will make a penny per share traded. It also shows that they want to buy more shares than they want to sell.
You aren't seeing trades of 200 shares. You are seeing tranches from mm's. No one knows the size of the order, but MM's only buy/sell the quantity quoted in their spread before they (can) change the spread.
Hints? More like pumps. After more than 6 years, I've seen at least 50 of them. Not one has ever brought a penny to NSAV.
Do understand that this was done by a computer, and has no relationship to reality. The references to big board terminology indicates that the program didn't know it was working with a stinky pinky. And, it does not mean there was a block trade.
A tax lot is a stock purchase at a given price on a given day. It is used to determine the cost basis. Later, IRS uses that to determine the tax owed.
Dude, you could not be further from the truth if you tried.
Everyone knows this...everyone knows WHAT? That is pure BS.
First, it is automated, meaning there ARE NO PEOPLE MAKING TRADING DECISIONS.
Second, EVERY TRADE IS RECORDED IN AN AUDIT TRAIL, SO ANY ILLEGAL TRADING WOULD STAND OUT LIKE A SORE THUMB.
Third, MM companies aren't going to risk their very existence to try to make a couple hundred bucks that could bring them a million dollar fine.
Next, market makers in this market are not even people. They are companies that have computer systems that stand ready to take your trades, period.
Get over the paranoia. It is not even people. It is computers trying to be the fastest to take your trades before their competitors can.
Every stock trade you do is handled by an MM. If your trade is within some MM's spread, they HAVE TO TAKE YOUR TRADE. PERIOD.
THEY HAVE TO BUY ANY SHARES IN THEIR SPREAD, AND THEY HAVE TO SELL THEM IF WITHIN THEIR SPREAD.
Get a frickin education. Every time one of you spreads this bullshit, someone that doesn't understand the market believes what is said. That costs them because they then don't understand how the market works, and think there are MM's working against them.
THAT DOES NOT HAPPEN. MM'S DON'T CARE WHICH WAY A SHARE PRICE GOES, THEY MAKE MONEY ON BOTH BUYS AND SELLS.
GET THIS THROUGH YOUR HEAD: MM'S HANDLE TRADES, THEY DON'T MANIPULATE THEM. They simply don't CARE which direction the market goes. If people sell, they make money. If they buy, they make money. It is the ONLY way they can make money, and every trade is audited for the SEC to review, if illegal trading is suspected. Ever hear of an MM being busted for illegal trading in penny stocks? No, of course not, because it does not happen.
Now, I will block you from further discussion, because I always block people that have no clue how the market works. I want to read what reasonable people have to say, not paranoid idiots that make unsubstantiated claims.
There is no 'they'. It is an automated market. Computers don't play games. End of day clearing is just that. It is unknowable what is actually happening. You don't see the train, you see the tracks.
These are sub penny shares. It takes a lot of them to make any money. Besides mm's cleaning up, you can buy/sell at opening or closing. You place your order and wait for opening or closing. NSAV often closes green on Fridays. We keep track of that. Maybe someone bought at closing on Friday to test that out. You simply cannot draw conclusions from observing trades, especially at open or close.
Simple. MM's have to close out at end of day or report to SEC on a short report. They almost always close out, if they can. End of day transactions should be viewed as 'cleaning up' the day's trading.
All we know at this point is that the CEO indicated an IPO. I rather doubt that will happen for many reasons, not the least of which is that it costs money, and NSAV has none.
First of all, JT is no longer in charge of NSAV. He DOES have three other public companies.
Second, NSAV has NO ASSETS. It does not make anything and it does not sell anything.
I don't think NSAV can do an IPO. It costs money, and NSAV has none. There would be no obligation to compensate NSAV shareholders in any case. NSAV is a holding company and only receives income if one or more of the 'held' companies becomes profitable. So far, that has not happened.
In any event, an IPO is an Initial PUBLIC Offering. That means it would sell (new) shares of the (new) company to anyone wanting to buy them. That would include NSAV shareholders.
You can't sue a public company because you took the risk of purchasing shares in it. Your risk, your money. There are years and years of filings that show how the company has performed for the last 6 years. If you buy shares, you are risking your money. Nuff said.
The SEC isn't police. And, unless you have proof of actual wrongdoing, you would never get them to even look at it. No one twisted your arm to buy worthless stocks of the riskiest kind. Why do you think the word 'risk' exists?
The correct answer is that there is no way to know. OTC charts are meaningless, because you can't look at past stock prices to determine what will happen. The best that we can do is take advantage of dips to buy and peaks to sell. There is a way to make money, but it's not by looking at past stock prices. It's by paying attention. Vegas loves system players. They always lose. Charters in OTC always lose too, because it is not a coin flip, it is believing in a system that doesn't exist. You will make bad decisions based on your belief, but OTC is not reliable enough to work.
If you want to chart, go to NYSE, where real companies make real products and report real profits. NSAV makes nothing, and earns nothing.
It means MM's offer better prices than brokerages. And that is because a brokerage is a single entity, while there is a pool of MM's any one of which might execute your trade. There is far more competition between MM's.
All trades are accomplished through market makers. There are dozens of market makers. A brokerage, such as etrade, accepts your order and passes it to the pool of market makers. The market makers don't know your name - they only see the order to buy or sell.
The market maker quotes a spread. The spread indicates at which price they will buy shares, and at which price they will sell them. But there is also a quantity for each, often shown as 1000x2000, meaning they will buy 1000 at that price or sell 2000 at that price. The reason the quantities are different is because they either have excess inventory and want to sell more than buy, or the opposite.
What you see on L2 is those quantities as tranches. If someone is selling 100K shares, it may take 100 tranches. You will see 100 sells, but that is only one person selling those 100K shares. After each tranche, the MM may change its spread. It could simply change the quantity so as to make fewer individual tranches or it could change the spread amounts. Computers figure out what is best for the MM and alter the spread as needed to provide the most profit to the MM.
MM's are not permitted to operate outside of their posted spread, and they are required to take the trade if within their spread.
The share price is never adjusted. That would be illegal. The share price is what people will pay for it. Period. The market cap is the share price times the number of shares out. Period.
You keep saying 'when IT is at the bid' There is no IT. There are many spreads, and any MM can jump on any trade that meets THEIR spread. Etrade lists one spread. Each broker lists one spread. But those are not the only spreads, you can even look them up on the OTC site and see each mm's spread.
Except for market orders, MM's can only process a certain number of shares at a time. But then they can repeat that as many times as they want if it remains within the spread.
There are no people running MMs in this market. So, no computers setting up codes to buy or sell. All they have to do is adjust their spread. Besides, computers can talk to each other without sending signals to the public. Good god!
The 500 share tranches are simply partial trades. As we all know mm spreads also have a quantity. They are only required to trade that quantity before they can adjust the spread. If you look carefully, you should see the price paid shift slightly after each tranche.
There is no way for you to know which MM took which tranch of your order. But one thing is for certain - the spread is the law. MM's are not allowed to buy or sell outside their spreads. They can change their spreads, and they do. But remember, it is not people, it is computers only. It is a mathematical program that adjusts spreads as needed to do business. So, NO YOU NEVER GET SHARES 'AT THE BID'. You get them at the offer of ONE or more of the MM's.
No, that is not true. MM's MUST buy if someone wants to sell and they meet the bid. By law. And if you bid to buy stock, you won't get it at anyone's bid. You will get it at SOME MM's offer. Every MM has a different spread. If you are getting shares, they are at SOME MM's offer.
You are talking as if there is only one bid and one offer. Could not be further from the truth.
You did NOT buy any shares at any MM's bid. You bought it at ONE MM's offer.