is...retired
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The CEO is not the problem. The problem is the plethora of 'deals' none of which make NSAV any money.
The other problem is people selling at market. The SP ONLY goes down if you sell at market. Every trade should be done with a limit.
If you sell at market, you are saying 'I will take whatever you will give me'. The MM's instantly drop their bid and take your shares at a lower price.
If you buy at market, you are saying 'I will pay whatever you want'. The MM's instantly raise their offer, and you get the shares at a higher price.
I do all my trades with a limit. Sometimes, it takes days to weeks to fill my orders. But eventually, I get shares at the price I want, or sell at the price I want.
Don't blame the MM's, that is their business. Blame stupid traders that blast the share price by selling at market.
Yes, every trade you've made is recorded permanently. When, how many, what MM, what cost, etc. I let TurboTax read my brokerage information, but that's all. I would never let some unknown company, with unknown security and no real need to know access my financials.
Yes, 45 days after the end of a quarter, 90 days after an annual.
There is a difference between reading tweets and reading financial statements. You can guess which I use.
Flipping a coin is just as useful for predicting stinky pinky share price changes...Maybe more useful. At least that gives you a 50-50 chance.
There are no buybacks. No matter how many times you say that, there are no buybacks happening, or about to happen. First, they have no money for buybacks. Second, they have not announced the details publicly, and I would not expect them to do so until they have some profit to use to buy back shares.
Not even close. They have unregistered stock to resolve, they are not audited, and several other requirements are not met. It will cost them a lot just to fix the problems, then there will be paperwork to do.
You don't seem to understand how ETN's work. They start at a higher price, give a maturity date, and pay out variable rate dividends over time. The basic share price always descends over the years. (Look up any ETN halfway through its maturity date.) But, you get monthly dividends that add up. The gamble with ETNs is whether you make up the initial investment with dividends over time. With SLVO's dropping share price AND dropping dividend, I sold most of mine and put it into USOI. When that repeats what SLVO has done, I will sell it and look for something else that pays monthly dividends.
And for anyone thinking about reverse splits - ETNs don't do that. But there is one thing to beware of, especially with SLVO - the company can call them and pay you the current rate, and you will simply be out of the stock. It has happened to me - the stock simply disappeared out of my portfolio and I was left with cash for them at the then current rate. If you haven't kept up with the dividend cash vs share price drop, you can lose plenty. If you see dropping share price and dwindling dividends, you should remain alert.
That's my plan. This stock looks like it might have some legs. Not a pinky either. Hard to find qx stocks at a penny that have revenue.
It wasn't sitting around...I sold something that wasn't performing as well as I wanted...
I bought 15M shares in the last week.
I just disagree with who and why. Remember those 6 billion shares that were worth less than .0001 a year and a half ago? Yeah, those. Someone, or some group bought half of them in 2019. They are now worth over 100X what they bought them for, some more than that. And that's at the current price of about $.01.
That got the price to shoot up twice last year. The slow decay is people cashing out and buying something else. The remaining shares are now idling. Doing nothing, making no money. They are just cash to do something else that can actually make money. I have over 100M of those myself. They are junk until the next spike.
But, during those spikes, I sold about half of what was then over 200M. I bought dividend paying stocks with the profit. Today, I received about $44K in cash dividends. I get those dividends very month. So, I could still regularly sell NSAV if I wanted to. Others probably are selling, which is why the price goes nowhere.
I don't believe it has anything, whatsoever, to do with what NSAV is planning now.
So, they lied on their quarterly, annual reports? You can't possibly believe they would lie on their reports about who is the CEO. SMH!!
They are probably giving away worthless coins.
Morgan Stanley bought Etrade a while back. I have not noticed much different, other than the changes to penny stocks that aren't current. I think all brokers made the same changes.
When a dividend is announced, it is given an ex-dividend date, a record date, and a pay date. The ex-dividend date means (post dividend) so if you don't own a stock at market open on ex-dividend day, you don't get the dividend, the previous shareholder gets that dividend. If you sell on ex-dividend day, you still get the dividend.
The record date is a day or two later, and it is the date at which they determine who is eligible for the dividend - brokerages report how many shares, overall, are to be given a dividend. When USOI pays a dividend, it is distributed electronically to brokers. The brokers then distribute it to their shareholders. The larger the brokerage, the longer it takes to update everyone that gets a dividend. If a stock is enrolled in DRIP, it takes an additional day to appear in the account.
I've been with etrade since 2008, when I converted my 401K to an IRA. I have since built that from $60K to over $2M, all while retired. I have zero debt. Etrade has never screwed up on any transaction for me in that time. I have no complaints. A lot of people bash etrade, but I think that's more through ignorance than experience.
My divvy appeared before open this morning in Etrade. I think it posts just after midnight. All $40K of it. that'll buy another 5K shares. I don't do DRIP because I want to choose when to buy.
Actually, it IS true for etrade. It never posts in my account on the official pay date, but it is there the next day.
Meaningless. Has nothing to do with shorting. Look it up.
It goes to the brokerage first, then to your account. Takes about a day.
JT is CEO of 3 other public companies. Go read his comments there. What is tweeted on NSAV twitter is NOT JT, it is clearly someone else. I've read JT's posts for 5 years, and can tell you that all his posts are recognizable by what he says. First of all, they literally all start with 'loyal shareholders'. You don't see that any more, unless you read his other companies. I can detect his tweets with my eyes closed and someone else reading his tweets. It is what he SAYS and how he SAYS it that is an obvious giveaway. If you think otherwise, YOU are the one that is misinformed.
Yes, there is someone making these tweets, but it is an American, or someone with a good grasp of English. JT bastardized English constantly. Like calling a new director a 'new board of director'.
That 'share reduction' is simply preferred shares that were GIVEN to TG Equity, which they returned. That is NOT a 'good thing', it is a meaningless gesture. But NSAV touts it as if it were some big thing. If it had been common stock, that would be different. But as we know, they increased the AS common stock limit, which is also NOT a 'good thing.'
Ok, that is fine.
The poster suggested bugging management constantly about DTC. That isn't the (only) problem. NSAV has intentionally not joined DTC. Ostensibly, because it makes it easier to short, but that's a red herring.
Anyone with half a brain knows you don't short penny stocks, (because it makes no financial sense) and almost no brokerage will even permit it. Etrade won't let you short anything under $5.00. It is in writing on their website. Call your own brokerage and simply ask the question - Can I short penny stocks? I've asked this question for years, but no one has ever told me of any brokerage that permits it - if you think you can short NSAV with your brokerage, tell me the brokerage and I will call them myself.
So, will NSAV run? Most likely, since it did it twice last year. BUT: we don't know why.
It isn't just about unrestricting them. They also have to be registered. And that still won't fix the DTC problem. NSAV would still have to arrange to become DTC registered after that.
To date, all of us with restricted shares have had to go through NSAV's lawyer to get those shares registered and unrestricted. He charges about $500 per shareholder to do that. Considering the thousands of shareholders that may have restricted shares, that is a pretty profitable little enterprise.
I'm just waiting to see if they can uplist. All of those shares will have to become free-trading in order to uplist. The only question that remains is will I live to see it. But my partner has been designated as my beneficiary, and knows what to do in the event of my demise. Eventually those 'free' shares will actually be free for those of us who chose to wait instead of padding Vic's pockets.
NSAV has never registered its shares with DTC . (Depository Trust Company) In fact it has not registered 10% of its shares anywhere. I have some of them.
NSAV will have to be registered with the DTC in order to rise out of the pinks. That is already a stated goal, but there are a number of issues to be resolved, not the least of which is becoming an SEC filer and having audited financials. NSAV tried to change accountants, and got in a fight with the new accountants because of stock irregularities. The new accountant quit and NSAV went back to the current one.
Becoming DTC registered means the stock will be held by, and issued from the DTC. If you look at other companies in the OTC, or any company above pink, their Company Profile will have an entry for 'Held by DTC'.
In other words, becoming DTC isn't holding anything back, because there are much larger issues to resolve first. If you want to ask them anything, ask them to uplist out of the pinks. That, alone, would resolve the DTC issue, and fix all the other irregularities, as well as taking them from alternative reporting to SEC reporting.
They are not going to 'fix the problem'. Get with Etrade or another broker that will trade them, IF you want NSAV shares.
Bugging them will not fix it. It is a corporate decision that will only change when they are forced to, by trying to uplist, etc.
Get it right. There is no 'chill'. That is a bogus response, probably from a computer error list. NSAV is not a member of DTC, and THAT is the problem. NSAV also has unregistered shares out (I have a half mil of them) which also would not be permitted under DTC auspices.
If you look hard enough on this board, probably somewhere in 2018, JT explained why he didn't want to become DTC compliant. I remember it clearly, but I'm not going to try to find it again. It IS on this board, however.
NSAV is not DTC compliant, never has been. TDA won't trade it for that reason. That was a JT choice, and it remains that way. There will never be an uplist until they become DTC compliant.
Because everyone has their own way of trading. Some have tons of shares, others don't. Some are in the green, others in the red. Each situation can take advantage of different ways of trading.
But, you don't know if it is shareholders 'stacking' or MM's who control whether they trade by setting the spread as they need.
In my case, I have an excess of shares but I won't let them go until they meet my ask. I have a few million shares for sale at $.02 right now that I bought at $.01. As the share price approaches that level, one or more trades will be triggered. It may take days to weeks to fill, but it usually does. My sells are set for 60 days, and I don't have to do anything except watch what happens. This kind of trading does not affect any other traders. I simply supply shares at my price to those wanting them.
Wait until payday. Guaranteed drop.
There is no incentive for MM's to manipulate.
First, they get paid on the spread, not on the share price.
Second, they get paid both on the sell side and the buy side for each trade.
Third, the market is automated, no people decide how to manipulate stinky pinkies.
But mainly, it is because they get paid on the spread only.
If an MM sets their ask too high, other MM's will get the trades.
If they set the bid too low, other MM's will get the trades.
If you offer to buy shares or sell shares within an MM's spread, the trade is made. They HAVE to fill the trade by law.
If you offer to buy a penny stock for a dollar, you will get it for a penny, IF it is within an MM's spread.
Lastly, every trade leaves an audit trail. Every transaction is recorded - who sold, who bought, at what prices, when, and by which MM's. Computers are used to audit these transactions to sniff out any problems. No MM could get away with 'cheating' because the fines would be thousands of times what could be made on a pinky. If an employee of an MM decided to cheat, he/she would not be an employee for long, BECAUSE everything is recorded, forever.
If anyone thinks differently, it sucks to be you. You don't understand how the system works, but you give it your money. You don't seem to understand it is buyers and sellers that change the prices. MM's merely perform the transaction. Without them, you would seldom be able to buy OR sell stocks.
Ex-dividend day. Anyone who sold today still gets the dividend, and their cash besides.
I didn't call you anything. I was merely explaining why you don't buy shares back with borrowed money that you have no intention of repaying in cash.
It's not an SEC regulation, it is common sense.
Why would you buy 1 million shares at full market price, then give them back at half price to pay bills? You would pay 2 million shares and in fact INCREASE the OS in the process.
The additional shares in the AS are to guarantee convertible loans can be paid with shares. NSAV lives by using convertible loans to keep the doors open. They are usually due within one year and they are worth about half of the current share price.
It is illegal to take out a convertible loan without having the shares in the AS to convert them. So, the shares had to be added because there were not enough shares left in the AS to support their way of business.
It will remain like this until NSAV makes enough money to pay off its loans with cash.
There will be no buyback for the foreseeable future. You don't buy back shares with borrowed money and then give them back at half price.
I don't think NSAV management needs to 'correct' people that don't even understand the difference between common shares and preferred shares.
Don't argue with stupid people - they will lower you to their level and beat you with experience.
Must be the Lucy from Peanuts.
Yes, I know, they posted part of it, then filed an extension, then filed the rest before using the extension. fine. first time not actually late.
You know, that's what I'm doing too. Some that I sold above $.05 has been used to buy at $.01. Those will be sold below $.05, just to eke out a little extra cash. I have maybe 20M that are not in trips out of about 120M. Those are the flippers.
Try again. NOT posted yet. There is a difference between talking about fins and actually posting the results officially.
Fins are delayed again...
Reason for Delay in Posting Financial Report:
State below in reasonable detail why the Annual/Quarterly Report could not be filed within the prescribed time period.
,The financial statements are not yet completed and cannot be completed by the required filing date without unreasonable cost and effort.
Anticipated Filing Date:
[Please note that the filing of this notification grants issuers 5 additional calendar days to post a Quarterly or Interim Report and 15 calendar days to post an Annual Report.]
May 20, 2022
I can't see any reason to say this quarter is 'better'. Debt is rising quickly, and there is no revenue to cover it. Something will have to happen, and soon.