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NSAV CEO comments on the discord channel:
Kevin — Today at 10:12 AM
GM @everyone ,
I just wanted to give my input on what’s happened over the last couple of days. I’ve seen what’s been posted on social media about the negotiations, or the lack thereof. To be clear, my focus is the growth of the business, not babysitting a frivolous lawsuit that previous management mismanaged.
The company engaged a proxy to negotiate a settlement between the parties on its behalf. Those negotiations fell apart yesterday, and now I’m going to step in and do what’s in the best interest of the company and our valued shareholders. I have a call with counsel today to begin the process of vacating the default judgment, filing a motion to have the case moved to Colorado, and exploring all legal remedies, including a cross-complaint for tortious interference and market manipulation.
While we take this matter seriously, my focus is the LPs, the growth of the exchange, our partnerships, and the overall growth of our business. Once I hand this off to counsel, all potential negotiations are off the table.
We appreciate you guys believing in us and your continued support. Don’t worry, we have a plan, and we’ve got this under control.
Not sure if it was mentioned here but the markets are closing at 1pm today. Get your cheapies now because there's no telling what will happen on Friday...
More NSAVx discord discussion for those who may be interested:
P_hamms — Today at 9:14 AM
So licenses can still happen now even with the settlement in full swing? Everything that's been said up to this point has been the opposite.
Div_Dev — Today at 9:15 AM
Company will need to "Bond Up" the judgement
Div_Dev — Today at 9:17 AM
It means getting an insurance policy in the full value of the judgement until this is fully settled so the company can operate without the fear and threats by the parties.
Div_Dev — Today at 9:27 AM
This was not a role Kevin wanted to get involved with but now that he has to be, he has great lawyers that will step in and put together a plan that protects NSAV.
Several updates on the NSAVx discord channel. Here's one:
Div_Dev — Today at 7:52 AM
Good morning. I see people are up posting early about their delusional version of what is going on. As stated yesterday, we have taken this as far as it can go. Both sides need to grow up and do what's in the best interest of the shareholders. As for us, we are going to continue to roll out the tech, launch the LPs and grow the business. Kevin came on board to move the company forward, not spend his days focused on cleaning up this default judgement. He had a proxy negotiating for the company on his behalf and any statement to the contrary is a blatant lie. Frankly, after the childish events from yesterday, we are taking a step back and solely going to focus on the growth of the business.
That was exciting! Somebody dumped ~5M NSAV shares at the open at .0053-.0054; Wow!
NSAV NSAVx update:
Div_Dev — Today at 9:56 AM
lol. NSAVpay has been integrated intot the NSAVx.com wallet. We are doing a software upgrade to fix the IRQ conflict from the previous banking API and once that is done, the system will update and the pay plugin will be live for consumer use. With regard to PR, we have a backlog of releases pending and will be released once the settlement is finalized.
and then once that happens, we can announce licenses.
Hoping I'm in the 'better late than never' category, getting into EMGE at .003 today. Hell, I'm up 10% already so what's not to like?
From NSAVx discord this morning:
Div_Dev — Today at 8:20 AM
Good morning NSAVx team. Lots to discuss but for now Nsavpay is being integrated into the nsavx.com wallet today and theVault launches later this evening. As we have more news today we expect to have licensing news and more.
Some mf'er decided to paint ICNM down two ticks to .0007 just before the close today. That much easier to run from here!
Seems like somebody is bid-dumping ever since noon taking ICNM down two ticks to .0007. It's not obvious where we will end up today.
Wow. Nice 6M buy at .0009 just now for ICNM.
NSAV up 6% on low volume. What's not to like?
ICNM: 9's on the ask now. Let's go!
ICNM 5's printing at this time. Well, OK, 1 trade at .0005 occurred so far...
As we all do but, as the saying goes, something's gotta give. Let's see if NSAV comes up with some creative solution outside of the box.
Looks like ICNM may print some 5's today. Very few 4's left on the ask.
Yes, OTCMarkets shows 7.1B shares outstanding for NSAV with 7.155B authorized so it's just about maxed out. That's why it's been suggested that NSAV needs to buy back some shares or else they'll need to increase the AS at some point.
Markets are closed tomorrow for Juneteenth. Curious if NSAV trading today is affected by that at all...
Here's the NSAV PR somebody predicted yesterday:
https://www.otcmarkets.com/stock/NSAV/news/NSAV-Announces-Registration-of-NSAVxVaultcom?id=444215
NSAV: Interesting NSAVx discord Q & A:
StrawP — Today at 9:22 AM
Sorry if this is a silly question, but since the NSAV CEX is up and running, with members able to buy and trade on it:
What is the purpose of the different licensing approvals NSAV is in process with? For example, can someone living in Poland not use the exchange until license approval in Poland?
Or is this to give NSAV and users regulatory certainty in these countries and US states?
DiVinciPay — Today at 9:51 AM
In the US we are registered with FINCEN and adding Money Transmitter Licenses per State. There is not yet a true regulatory framework for domestic and international crypto exchanges, so what is being done, is CEX and DEX firms are being proactive in what we think the industry will require in the future. There is no crystal ball and until the US Government and International Governments come up with a universal plan for crypto, this is the best we can offer. Currently, we operate globally as an exchange.
A bit of a teaser on the NSAVx discord channel:
DiVinciPay — Today at 8:46 AM
Good morning NSAVx. Hope all the fathers on this board has a great fathers day...Stick around as we have Monday updates coming shortly.
NSAV new HOD at .0057 and 2M shares traded in 7 chunks. Volume picking up?
Nice red-to-green move for NSAV (just barely green at this time).
Another day with over 100M NSAV shares traded (111M so far). At the moment, 34M buys, 55M sells, 22M unknown.
I'm a little late to the party but trying to get NSAV 67's.
Hope you're right. NSAV is inching its way up just now...
Lovely NSAV bid dumping in progress...
Good morning $NSAV shareholders. Please see the link below to view today's press release regarding updates on the launch of our https://t.co/zaFGALfnOR website https://t.co/6qJt2oAUrZ and more. Thank you.https://t.co/0g9oJYLTCJ
— NSAV Holding (@NSAV_Tech) June 7, 2024
Wow! About 10M 5's bought and not many left. Could see 6's today!
30's are printing. Up 50%
HMLA up 20% now. Sweet! Of course, this is after it tanked yesterday...
HMLA: Liking that .0020 buy I made yesterday. Up 13.6% at the moment. Wish I had bought more though.
Agree. I have my buy order in for discounted FSRN shares!
Several big NSAV buys on L2, 100K-500K shares.
Also, looks like there are more and more MM's on L2, nine today.
I tried MS Edge and Google Chrome on my PC but neither worked. Tried nsavx.com on my iPhone and it worked. Turned off my PC VPN and that fixed it. However, I've used this VPN for years and was always able to access nsavx.com previously. They must have made a change in one of their software updates.
I'm referring to NSAVx:
https://nsavx.com/
I can't reach the NSAVx webpage at all. I would assume they're doing an update except the timing is poor and I don't see any mention of an update on the discord channel.