is...retired
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It's your choice to believe all the crap that is posted. They've been posting that junk since 2017, and not one, single, thing has ever happened. Just read the fins and watch for revenue, profit, or loss. That tells you everything you need to know. For now, it is a loss of $1M per quarter...just sayin'...
Nobody knows what NSAV is actually doing, so nobody knows if NSAV will be affected by current activities.
This is James Tilton, your soon to be outgoing CEO. In fact, these will be my last series of tweets as the NSAV CEO. My resignation is effective immediately and is with a heavy heart much sadness, but it is the right move for NSAV and all of its loyal shareholders.
5:38 AM · Aug 10, 2021
It would be more appropriate to say someone just sold 1M shares at market. MM's have to buy them, and that shows up as a buy.
There is no buyback. There is no money.
Yes, I've been a shareholder since early 2017. Yes, he tweeted BS for years, which is why I had over 200M shares. (I believed some of his BS.) But JT has been gone, coming up on 2 years. He has no say in what NSAV does. He still has his preferred shares, but he does not choose what NSAV does or says. To keep blaming him for what's going on now is just ignorant.
At least his antics made me a millionaire, and two women whose portfolio I managed, too. I still have over 100M shares and manage another 55M shares. It doesn't have to 'wiggle' much to make money from this position. I continue to buy on the downswing and sell on the upswing.
I could give a big shit what NSAV does with the company - as long as it keeps trading and they stay current.
I went through a year when it wasn't trading. Quad zero. Those were tough times.
I could burn the rest and not be hurt. But every time I do sell (at a profit), I buy a monthly dividend stock, which brings in thousands per month all by itself. 50k shares that each bring $0.10 per month. My partner has that amount, too.
Why would anyone keep bringing up JT's name? He is now listed as SECRETARY. He is a step-n-fetch-it. He has nothing whatever to do with the future of NSAV. He SAID SO.
Exactly the opposite. Limit orders don't affect the price at all. You either get your buy or sell or you don't.
You don't know? All trading is handled by MM's. Anyone who buys at market is saying 'I'll pay whatever you ask'. After each tranche, they up their offer, so each tranche will cost more than the last. The whole point of limits is to control what you pay or receive for your stock.
When you see a big drop like yesterday, it is someone selling at market. When you see a price spike, it is people buying at market. That is how MM's make their money. They don't just set their spread, they change it constantly based on how people buy and sell.
You can reverse it by buying at market. SP will go right back up.
There is nothing confusing about it. MM's buy ALL shares that are sold. Then they sell them to buyers. They have a spread which says what they will pay and what they will sell them for, and a QUANTITY that applies to.
If someone sells at market, the MM's snap up that quantity, lower their bid and keep on until they are all bought. The price walks down, because they bid lower on each tranche. A tranche is that quantity their spread applies to, and it usually isn't very big. (some thousands, not millions).
If someone sells at a limit, MMs have to pay that price if they want the shares. But at market, there effectively IS no spread, because the seller is saying 'I'll take whatever you'll pay' for them. MMs LOVE it when traders sell at market - they cash in by dropping their bid for each tranch. THAT is why the share price drops, not because of some 'buyer' looking for a deal. The MMs get those shares FIRST.
No, no one "picked up" those shares. It was a sell at market, and MM's walked the price down as they purchased them all. Their offer drops after each tranche. If you sell at a limit, they can't do that.
So, it was just an airhead that dumped at market and cost me over $50K in the process.
Well, of course it will cover what happened in Q4. It is supposed to. Now, they have till the end of March to file it, but it will likely STILL be late. Wouldn't want to break a perfect record!
Needed only for annuals.
Because OTCM is working with over 10,000 companies, all filing at the same time. Just because they've filed doesn't mean they are getting to the submission, or that it's done right. They'll get to it. I suspect they treat the pink current folks first. Delinquents are probably at the end of the queue.
I haven't looked at CHIF for years. I see Wong, et al, are involved there too. Wong is COB now. Au is CEO. JT is secretary. Their fins followed NSAV's - late, as usual. At least, they don't have 6.5 billion shares authorized.
The point is that they now have a PR company and it costs money for them to use it. There is no more talking head at NSAV. You aren't going to hear much, they have other jobs to do and they are NOT going to be doing a lot of tweeting because NSAV doesn't use its twitter account any more. That account is being managed by the PR company.
NSAV has been beheaded.
You have to remember that back in the day, JT was chattering like a parrot. Then foreign management stepped in and shut him up. Then, they carried on the same tradition, but less so. Then, they handed off the PR business to yet another company. That makes NSAV almost headless. No CEO and no PR work.
These other companies have other companies that they service as well, not really focused on NSAV, and it COSTS to use them for PRs. NSAV is broke and can't afford to pay money for PR's except when something exceptionally important is involved.
So, get used to the silence, and understand that the people that are running NSAV now also have a day job. Time will tell if this will work or fail. My odds are 50-50. It's wait and see.
Yeah, I lost $120K today. Hoping it is temporary.
On the other hand, NSAV that I sold (much) earlier has funded dividend stock that gives me a cash income every month. I have an almost guaranteed, $2500 a month cash from ARR. (25K shares). No matter what NSAV does, that will not be affected.
The trick with NSAV is to extract cash when you can, put it to work and wait.
The fins almost ALWAYS drop the SP. Why? Because there is never any good news in the fins. Just looking at over a million dollar loss per quarter is bad enough.
You'll be looking a long time. You can't short penny stocks. Duh.
Don't believe me? Call your broker.
JT hasn't tweeted since April, almost 2 years ago. His vocabulary is instantly recognizable. Like he hired a new 'board of director', instead of a new Director. If you want a refresher, look back 3 years ago when he was actually tweeting. And of course, you could go read his tweets on his other 3 companies, such as CHIF. He is part of NSAV only because of his preferred shares, he doesn't really know anything about crypto. He has been muzzled, and is now only considered a director, according to the quarterly report.
www.awcexchange.com doesn't seem to exist.
It isn't a public company, so we can't tell if it is profitable yet, which means we can't tell if NSAV will gain any revenue from it.
AWC was incorporated in 2020 in PA.
So far, it is a big nothing except a $2.5M hole in NSAV's bottom line.
I have mine too...
You can pay $500 to Vic, the attorney to get them freed up, or you can wait until NSAV is forced to make them legal. They want to be able to uplist, and that will NOT HAPPEN with illegal shares out there.
It picked up before the fins were posted. There was no good news in the fins either, so that has nothing to do with the apparent momo.
Fins are out.
Results for Q3:
NET GAIN/(LOSS) (5,435,793)
That was Q2. What is missing is Q3. And Q4 is finished, and due to be reported by 90 calendar days, or about March 31. With the extension that is surely expected, make that April 7.
It would never be right for a public company to intentionally delay its SEC required financial reports. It is their OBLIGATION to file timely reports. There is simply NO EXCUSE for not filing on time. It is FINANCIAL information, and all they have to do is add up the losses and report it. This was for the date ending Sept 30, and thousands of other companies managed to file on time. This is BS.
Sounds like they don't understand that, once submitted, OTCM will review them for adherence to their requirements (not accuracy of the fins). They may have questions which will take time to pass back and forth between the companies until OTCM is satisfied with the format.
It not only has to be submitted, it has to be accepted. I've seen one instance where it took 6 months to get it right, although we had no way of knowing what was wrong.
The fins were due NOVEMBER 15. This is pure laziness on NSAV's part. The tail is wagging the dog.
No, I am not kidding. NSAV is a public company and must follow SEC rules. And NSAV has no money anyway. Your comment needs proof. Making such an assertion without proof is simply talking out your ass. And those of us who understand how things work can call you out on it instantly.
Share buybacks have to be publicly announced in advance. SEC rules. Obviously, a share buyback is news shareholders would find attractive, which is why it must be announced publicly.
They have to list several things - how many shares they may buy, over what time, and at what price or price range. The SEC has a more complete list, I just haven't looked at it for a couple years.
Obviously, they must also have cash, which NSAV does not have. You can't buy shares with borrowed money that will be paid back by diluting shares...
Share buybacks have to be publicly announced in advance. SEC rules. Obviously, a share buyback is news shareholders would find attractive, which is why it must be announced publicly.
They have to list several things - how many shares they may buy, over what time, and at what price or price range. The SEC has a more complete list, I just haven't looked at it for a couple years.
Obviously, they must also have cash, which NSAV does not have. You can't buy shares with borrowed money that will be paid back by diluting shares...
Companies don't 'wait' to file their reports if they are ready to be filed. There is no way they could manipulate the price to their advantage in any event - that would be illegal.
CEO - Chief Executive Officer. Like the president, the buck stops there.
We need a CEO whose success depends on NSAV's success. Having an interim CEO whose success does NOT depend on NSAV's success is why NSAV is in the toilet. In any ordinary public company, heads would roll if filings went delinquent. Apparently, the current leadership doesn't see it that way, and is very nearly making NSAV untradable.
The public filings should be at the VERY TOP of the priority list for any CEO of any public company. There is simply NO EXCUSE for not staying current. It is a slap in the face of shareholders, who stand to lose the most.
The next OTC step after 'Yield' is STOP. This delinquency will move it to STOP if they don't get 'er ' done and damned soon. If it gets to STOP, you won't be able to buy NSAV at all - it will be blocked. And that means you can only sell, to MM's, who will not give you the current price. A limit sell will simply not be honored, because they will set their price and that's what you'll have to accept.
It doesn't have to be lying. It is an accounting 'trick' to assign value to good will. But it is not a tangible asset. You cannot 'see' goodwill. And, when the company makes an 80 million 'asset' based on goodwill, you just know there is nothing tangible there. The company is dead broke, losing about a million dollars a quarter yet assigning 80 million dollars to this 'goodwill' asset. Sometimes, you just have to use common sense. There ain't no 'there' there.
There are no assets. It is called 'good will', which means they simply 'assigned' a value to 'nothing'. Go ahead...try to find an asset.
Yep - he is the SECRETARY. He doesn't sign the fins. He's a step-n-fetch-it. Besides, he has YEARS of late filing reports. He's really good at that.
If you're waiting for JT, you will have a long wait. He isn't in charge anymore, has not been for nearly 2 years now. The person in charge is the one that signs the financial reports.
I might buy more if it gets to .002. I usually buy on the way down and sell on the way up. I have lots of cash available.
What I'm waiting for right now is how the law suit by Vic, the lawyer and previous CEO (before JT) plays out. If nothing else, it could stall NSAV for another long period.