is...retired
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So what? I"m up over $1M on NSAV and use my own strategy which has nothing to do with charting. And when you say charting works on anything with price movement, did you chart out today's loss? No, of course not. You will have an excuse for that too.
CHARTING DOES NOT WORK ON VOLATILE STOCKS, WHICH INCLUDES THE STINKY PINKIES!!!
So what? I"m up over $1M on NSAV and use my own strategy which has nothing to do with charting. And when you say charting works on anything with price movement, did you chart out today's loss? No, of course not. You will have an excuse for that too.
CHARTING DOES NOT WORK ON VOLATILE STOCKS, WHICH INCLUDES THE STINKY PINKIES!!!
What a crock! You can't chart pinks. Well, you CAN, but you will be wrong as much as you are right. Easier to just flip that coin than to try to toss around phrases that don't apply to pinkies and make yourself sound stupid. Why? Because charting is intended for stable companies, and pinkies are anything BUT stable.
My rule is that you sell into demand, and buy with low demand. When you can sell, continuously into demand, and the price keeps climbing, you are doing the right thing in OTC. I did the same thing with BVTK a few years ago. And before that, ICLD.
BVTK is now Caveat Emptor - not tradeable. I sold at $.08.
ICLD is now untradeable too... I was up over $1M at one point but only made about $100K on the way down.
Gotta get out when the getting is good...
I sold half of mine over $.05, (from trips) so I came out well ahead. I used that to buy dividend stocks that provide over $5k/month, half of which is sent to my checking account. That is more than my Social Security payment.
The problem is that the remaining half is still at 100M shares, and all I can do is look at them. I can't sell them without tanking the price even more. So, I'll just hang onto them until an opportunity comes along that gets me out of NSAV.
NSAV doesn't 'have' anything except some percentage of ownership of a group of companies. It is a holding company. It does not manufacture anything, nor does it have anything to sell, including software. There is no sales department, nor a marketing department.
NSAV's sole revenue would be a percentage of the profit (if any) of those 'held' companies. If they don't make profit, NSAV gets nuttin.
So, the thing to hope for is that one or more of the subsidiaries will actually start being profitable.
And, every time a new 'venture' is mentioned, you can roll your eyes. There are PLENTY of ventures, the task is to get even one of them to start making money.
We all know someone that has a stream of 'get rich quick' schemes. We generally ignore them because they don't get rich after all.
I've been holding NSAV stock since early 2017. There have been a constant stream of 'get the shareholder rich' proposals, probably exceeding 25 such proposals. Not one of them has ever made a penny of profit for NSAV. If you think it's 'different this time', you are dreaming. It is simply more of the same old crap. Enough to keep some shareholders hoping, while the rest desert the stock. The constantly decreasing stock price is because people can see that the NSAV announcement are nothing but pumps, because not one thing has ever come to fruition. And I still have over 100M shares. I can't unload them without dropping NSAV into trips. But I'd never sell them at market anyway, which is exactly why the price is sinking, and has been sinking.
No, MM's don't 'think'. they have a spread. If you sell or buy into their spread, they HAVE to buy/sell. If you buy/sell at market, you are buying/selling into the spread.
The OTC market is automated. There are no 'people' with tinfoil hats in their mother's basement trying to eek out cigarette money on sub penny stocks.
It is simple. If people sell at market, the MM's must buy them because, by definition, that meets the spread. If you sell at market, they disappear immediately. There is no 'one' buying them, the MM's are buying them because that's the law.
No, of course not. I never said differently.
MM's don't 'load'. They buy and sell within their spread. If you offer shares within their spread, they HAVE to purchase them. If you buy shares within their spread, they HAVE to sell them to you if they have them. They control what trades are done by changing their spread. They ALL have different spreads, and it changes automatically as trading goes on. It is an automated market, there are no humans 'thinking' about how to make money off sub-penny stocks.
The OTC is automated. There are MM's but they aren't making decisions, let alone about penny stocks. Any after hour T-trades are a natural event that simply means it could not be finished before the market closed. It may have been a last-second buy or sell that left the MM with a transaction to finish.
No big deal, certainly no 'person' trying to 'trick' shareholders. Automated MEANS automated. People aren't making these trades, computers are. If the t-trade had not happened, there would have been a requirement to post a 'short' in the actual short report that is posted once per month. Most MM's don't have ANY shorts to post. (In the OTC.)
Once again, NSAV retains a perfect record of filing quarterly and annual reports late. 6 years straight. NSAV management doesn't seem to understand that filing late is a slap in the face of shareholders.
What typically happens in the stinky pinkies is that the company will be sold at a HUGE discount to a new buyer. That's how JT got his hands on it. Shareholders, nevertheless, will be shafted.
Let's see - I've had this stock since 2017, and have seen literally dozens of 'deals' go down. NSAV buys into companies using common stock and preferred stock. They have not 'bought' a single thing with money because they don't HAVE any money and never have had.
Now, Chinese are running NSAV, paying themselves a quarter million a year in preferred stock while diluting the common shares to the maximum permittable.
And somehow, this relates to 'putting the right things into place'?
Although NSAV claims millions in assets, those are simply the numbers they set on the acquisitions. They are meaningless - they can't 'get that money back'.
A better view of things is that NSAV exists on borrowed money paid back with shares at a huge discount. That means one of two things:
1. Increase the AS so they can continue to do as they have done for the last 6 years,
2. File bankruptcy, in which the preferred shares will be paid first, and the common shares will be what's left, if anything. Forget about those 'assets' - they are fictitious.
In the meantime, our shares become ever more devalued...
Fins will be a week late. Perfect record over 6 years. So, May 22 or May 23...
TDA does not trade any shares that are not registered with DTC. NSAV has NOT registered with DTC. That's why they don't trade it.
THE DEPOSITORY TRUST COMPANY (DTC)
DTCC's subsidiary, The Depository Trust Company (DTC), established in 1973, was created to reduce costs and provide clearing and settlement efficiencies by immobilizing securities and making "book-entry" changes to ownership of the securities.
In other words, DTC holds all shares and only changes the owner names when bought or sold.
JT long ago said he would not register NSAV shares, (costs money) and so they remain unregistered. Etrade doesn't have that rule, and I've been trading with NSAV since 2008. Never a problem until new SEC rules about trading delinquent company shares, or caveat emptor. So, it is brokerages that have different rules.
NSAV will never be able to uplist until their shares are properly registered. That includes the 'dividend' shares that we've had for 6 years now. I still have a half million of those.
You'll see it in the fins. 1st quarter is due May 15.
They lose about a million dollars a quarter. You CAN see that in the fins.
Last year's losses: $9,177,101
Why on earth would anyone post crap like this? It is obviously totally bunk. Try to keep posts on NSAV, the company, not some computer generated crap.
NSAV doesn't make a penny unless one of its holdings is profitable. Those subsidiaries have to pay wages and computer networking, rent and all the standard 'bills'. Often, they get started by borrowing money, then they have to pay that all back BEFORE there is any profit. NSAV might own a stake, but that stake is after all the bills are paid, and there is money left over, including paying off loans.
Pretty much where I am too. Nothing has materialized in 6 years of this stock except a plethora of 'deals' none of which has brought in a penny of revenue. I don't buy, but I occasionally sell a few trips when I need extra cash.
Of course, I'll never buy any more - only sell when the price is right. Would be nice to see another spike above $.05...
I have explained this before.
NSAV is a holding company. It gets a share of the PROFIT made by any of its holdings.
If none of the holdings is profitable, NSAV gets NOTHING.
So far, NSAV GETS NOTHING.
Did you read the annual report?
There is no revenue. All those companies that NSAV has invested in have to make a profit THEMSELVES before NSAV will get any of it. Think of it as profit sharing. If there's no profit, there is no sharing. If there was ANY revenue, of ANY kind, it would show up in the fins. Nada...
Fins are out. Lost $1.2M last quarter, almost $10M for the year. No sign of any revenue.
The filing is not 'on time'. It is LATE. Even though they got an extension, it is still late. That's BS. There is absolutely no reason why they couldn't have gotten the annual complete in the 3 whole months allowed. But they've been late every time, since 2017. That's about the only perfect record NSAV has!
JT isn't running NSAV any more. A Chinese national is.
It is far less costly to choose stock by what a company HAS DONE, rather than what it says it is GOING TO DO.
As far as I am concerned, everything said by an OTC CEO is a pump until they actually accomplish something. And, the filings are where you find out what they have done. Most of the stinky pinkies simply sell shares to cover expenses, then reverse split and repeat.
Late filing notification posted on time...sheesh.
It means nothing. No one gives money away. NSAV has already been through one of these a year or so ago and anyone that put money into it lost their money. I lost $500 in the first one by JT, in 2018. MJCoin. Go ahead, find anything about MJCoin today. they changed names, hid the money and anyone that paid in lost their money.
All we need is for the share price to increase. No 'tricks' on shareholders are needed. Do they REALLY think that we will give them more money after losing our ass on their failure to deliver share price?
Actually, they have to the end of March to file the 'late filing' report. My misteak.
Today is the day that NSAV is expected to file a 'late filing' report. That will give them 5 working days to file. Last year, they didn't file the annual report until mid April...
If there was good news, you'd think they'd want us to see it, ergo, there will be no good news in the annual report.
Yes, the problem is that NSAV's shares are not DTC compliant. And, they won't be until NSAV clears up the 'dividend' shares from 2017. Those are unregistered and restricted. You won't hear any talk of uplisting until THAT little problem is fixed.
It's not the ones that are holding that is the problem...it is those that dump shares at market. That cost me $50K yesterday.
yeah, thanks for selling at market, and costing me another $10K...stupid asshole.
The people running NSAV are not 'in office'. They have actual jobs. NSAV is a sideline for them. The deafening silence should tell you that nothing of any significance is happening at NSAV. We'll see when they file later this month.
As it was, JT was the only actual employee, and he is gone.
Do you really think the people now running NSAV are interested in the NSAV website? They have OTHER JOBS that actually pay them money. These guys are 'directors' with a $250K annual NSAV salary, paid in preferred shares. They are siphoning off our future share value. They get paid regardless of how NSAV does as a company, and when it's shut down, they will get paid first. The AS is 6.5B and the OS is 6.4B. They are almost out of shares to sell to pay off loans. They will have to increase the AS or close down. It cannot continue as it is.
NSAV has handed their PR and twitter off to a third party, which charges money to announce things. NSAV has no money for that or anything else. They are still selling shares to keep the doors open.
The companies James Tilton is associated with:
Net Savings Link - NSAV
China Food and Beverage - CHIF
Lvyuan Green Building Material Technology - LVYN
Tianrong Internet Products and Services, Inc. - TIPS Last Filing - 9/2022
Tianrong Med Group, Inc. - TNMD
At one time, JT was CEO of each of these companies. Now he is CEO of only TIPS and TNMD.
All use the same accounting firm, and the same lawyer, and have the same address. Most use SBC and Tg Equity, and Wong is involved in some of them. These companies are predominantly Chinese, but are OTC stocks.
JT (NSAV and CHIF) is being sued by Vik Grover. JT has been actively extricating himself from CHIF and NSAV. Now we know why.
"On December 2, 2021, Vikram P. Grover, an alleged former employee and consultant of an affiliated company, Net
Savings Link, Inc. (NSAV), filed a lawsuit against the Company in the United States District Court, Northern District of
Illinois. Mr. Grover alleges lost wages, compensation, damages and accrued interest. The Company denies the
allegations and intends to mount a vigorous defense against Mr. Grover's claims. None of the Company’s current officers
and directors were involved in the alleged hiring of Mr. Grover. The Company and Mr. Grover are presently in settlement
negotiations through their respective attorneys." (Actually, Vik is no longer settling.)
"I've instructed counsel to cease settlement talks w/all defendants on my case & demand the books & control of the company or companies incl. $CHIF; audit firm Wilton also a defendant and CEO trying to leave a shell in the UK in his wake; **NOT GOING AWAY**"
It appears to me that NSAV has a rocky future ahead.
Reality: There will be a notice of late filing. That will occur on March 15. There is a perfect record of late filing for 6 years. The only surprise is if they break that record. I personally doubt it.
They get 90 days to file the annuals. But they go after a 5 trading day extension every time. Do you really think that is a benefit to shareholders? It is an insult. No reputable company would even file late except if there was a valid reason. For NSAV, the valid reason is simply because they didn't bother.