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This was the tweet from August 22nd:
TIPS Investor Relations (@TIPSInvest)
Good Morning TIPS shareholders. We have just had word from the auditor that the TIPS audit is complete and that they will sign off on it imminently. They are just awaiting a few backup documents from Wilton. As soon as the audit is signed off, we will post it on OTC Markets.
Has anyone heard any follow up? Does a few backup documents from Wilton really take 3 weeks?
Thanks, Shotsky. I guess I'll just hold em and keep my fingers crossed.
Has anyone successfully gone through the process of having their "free" restricted shares unrestricted so you can actually trade with them? I've had 50,000 of them since the 10% giveaway scam during the good ole Tiger Hemp Beer days back in 2018, I think. JT once replied to an email I sent him about it and he referred me to a lawyer but it would cost me $400. Does anyone know a cheaper way?
If NSAV shows a profit it will be a first. As far as I have seen, NSAV only gets money from all these mergers and acquisitions when the other companies make a PROFIT. As long as those companies are not making a profit, NSAV does not get a dime, and they never seem to generate any income, let alone any profit.
In addition to those more recent "deals" you're pointing out, there have been more than a dozen other costly ventures to nowhere in the last few years (Eli Lily, MJ Coin, Tiger Beer, Rydehails, a bank lending institution for loans to farmers, a very short-term CEO which brought nothing but litigation, and let's not forget the rap artist. This is just off the top of my head. It would be a struggle to list them all.
I still have some restricted shares because it's not worth the money to get them released at this point. Despite JT's statements over the years, they remain restricted in my account. I hope NSAV rallies to .10 or $1.10 or beyond, but it seems unlikely. I'm keeping my fingers crossed, but also keeping my day job! GLTA.
I stumble across this stock recently and am wondering what could have happened to this company to make it go from .18 to .01 to .0001 in so short a time? Can anyone enlighten me?
Holy cow! What a day it has been. I'm looking forward to the rest of the week.
Anyone following one of JT's other companies today? It had a wild ride. TIP something or other. I bought in last week, it tanked, then soared and today was huge, then it tanked and rebounded at the end of the day. Fun playing with house money.
I was wondering about the VB revenue also. That deal was supposed to be "huge" for NSAV. VB charges $9 per month for its subscribers, right? Does a percentage of that go to NSAV or do we only get a percentage of the profits? The trouble with NSAV deals is that they never have a profit so how do we ever see any income from the deals? MJ Coin, Hemp Beer, several others, and now VB? In a year's time are we going to be wondering about the "huge" deals from this month? I suspect NSAV will simply stop talking about them and move on to the next "huge" deal.
Did I miss the big announcement that was supposed to come out this morning?
Are you sure about that, Shotsky? The tone of this morning's tweets sounds an awful lot like JT I don't see him listed as President on the website anymore, though.
I really hope that's the case, but there were at least three deals announced in the spring of 2021 (Virtua Broker, Rydehails, and a loan program for farmers) and we have not heard about one penny in revenue from any of them. That is not ancient history. The current leaders of NSAV seem much more accomplished then JT, but they gotta show me the money. Where's the income? Either we're selling a good or a service. How can you have a legit company without any income?
I hope I'm wrong. I still have some shares and I want them to go up. However, the more time that passes without any reported income, the harder it gets to believe that NSAV has changed. GLTA.
The key phrase here is "verifiable revenues." NSAV has none. Remember the "huge" deal with Virtua Broker? And the dozen other "huge" deals before that in the last few years? And what about the uplisting? They don't even mention that anymore. I hope the latest thing turns out to be the greatest, but it's much more likely that the crypto deals will be yet another NSAV scheme that simply fades away.
On the positive side, the share price seems to have stabilized above a penny.
I don't know if people are expecting overnight reports of riches from Friday's opening, but that is not reasonable. It will take months before they can report anything. We should be applying pressure to NSAV about deals that began in the spring. Has one person taken a cab with Ridehails? Has one farmer applied for a loan? Has a single investor used Virtuabroker? If so, how much income does NSAV get? NSAV has used our capital for these and other acquisitions months ago. When can we expect some reports?
Any high rollers out there who had the money and nerve to meet the minimum buy in of $125K? It looks fine on the website but I'm curious to find out if it actually works.
NSAV will have to address the mid September schedule for the launch of the new crypto trading desk in tomorrow's conference. If Wong ignores it or says there will be a delay for a significant amount of time, we'll go sub penny before the week is out IMO. I'd love to hear that we are on schedule and the launch (whatever that is) happens in the next 7 calendar days. But we have good reason to be cynical when it comes to NSAV. Best of luck to all.
I'm not sure what you mean by "if what I say is true". Where is any income from the various NSAV deals that I referenced and many more I can't remember off the top of my head? NSAV bought a brewery and didn't sell a six pack as far as I can tell. I may have missed a report so please do correct me if I am wrong, but I have yet to see any income. That is the difference between NSAV and Coinbase. When someone buys/sells on Coinbase, a fee is charged. That is their income and NSAV can't show any. I hope I'm wrong, I want to make more money on my shares. The current management is much better equipped than Tilton, but so far it's been the same old problem. Good luck.
The launch probably will happen but it will likely be another NSAV nothing burger. The "launches" simply do not lead to any documented income. Forget profits... i just want to see some income to demonstrate that one of these mergers/launches/acquisitions leads to a real company with real employees offering a good or service for payment.
Any follow up on VirtuaBroker? How about Rideshare? What about the loans for farmers that kicked off in the spring with a video presentation? Any money coming in? It's possible that I missed a financial report, so please do correct me if I'm wrong. I still hold some shares (not to mention the restricted ones I've had for a few years now) so I really would like to see NSAV succeed, but these questions begged to be asked.
I completely agree. More unforced errors by NSAV.
Wow! In a little over 3 weeks we've gone from .03 to .15, down to .0125 and now we're back up over .03. Another phase for NSAV that is nothing short of legendary.
New management, same old bad management. I'm not selling any shares. In fact, this might be a good time to buy on the dip if I had the money to gamble. But NSAV never fails to communicate big news poorly. Why release on a day when it's not fully operational? Didn't they learn anything from the Death Star in Return of the Jedi? NSAV builds up expectations and underperforms when they should downplay the announcement and exceed expectations. Just my humble opinion, use your own judgement. Good luck to all.
Anyone know the difference between "fully functional" and "fully operational"?
All things considered, today was not so bad. NSAV finished nicely considering how far down it was at one point. About James Tilton... is it confirmed that he is out or is this speculation because we have not heard from him? He is still listed on the website as president of the company.
NSAV has had a lot of fishy statements over the years... with a persistent lack of follow through. But you can't argue with success! 21% is a great day by anyone's standards. Let's roll, NSAV.
21% .... another great day. Go NSAV!
That's never a bad move, Chartmaster. You take your profit so you've already won, and keep half to see how high NSAV can go. Now you're gambling with the casino's money. GLTA.
Thanks, Shotsky. They do have to publish quarterly results, correct? And Ridehails and VB have been up and running for 2-3 months already. Also there was a company that gives loans to farmers as well, wasn't there? Has anyone heard any financial updates with these three ventures or a timeline when we can expect to hear some financial reporting? I don't think it's reasonable to expect profits at this point, but I would like to see some documented income for NSAV.
I hope the conference call addresses revenue from the projects and acquisitions in recent months like VB, Ridehails, the loans for farmers, upgrade to OTCQB, crypto currency, etc. At some point, NSAV has to document revenue from a good or service that it provides in order to maintain legitimacy, in my humble opinion.
I like the new website. Let's hope it drives some investment.
I think we should be concerned anytime the CEO says he's going to do something (like uplisting) and then fails to do so. However, if I understand the process of uplisting to OTCQB correctly, it does take some time. It also takes time to document revenue from Rydehails, Virtuabroker, the loans targeting the farming industry, etc. We're in penny land. These investments are very risky.
Some of the things that distinguish NSAV are the meteoric increase in the value of the stock in the last 6 months. It vastly outweighs the price decline of the past 3 months (sorry to those of you who got in at .06). We seem to holding steady at about .01 and that is good. The other thing we have going for us, and I can't over stress this point, is the team that JT has assembled. Their resumes are impressive. I was really happy to see them sending some tweets recently. It's a good sign of their commitment to NSAV. I find it hard to believe they are lending their names to make a quick buck on a penny stock and then ditch the company. Show me another penny stock that has a comparable BOD and I'll get a part time job in the evenings stocking shelves at the grocery store until I have a thousand extra bucks to invest in it.
On the negative side, NSAV has a well-documented history of deals that have not led to any revenue that I have seen (MJ Coin, Tiger Hemp Beer, Eli Lily, cannabis, Naomi Village, to name a few) and things that JT is working on and then he just stops talking about them. It reminds me of my "honey-do" list of 15 projects I have to do around the house. Ten are done, three in in progress and the other two I don't even want to think about.
Long term success is often built upon failure after failure. We'll know in a few months whether or not NSAV is the former or latter. Personally, I was very lucky. A series of bad investments led me to buy NSAV when it was still in the trips back in 2017/2018. I figured I was stuck with the shares until they started to climb late last year. I sold most of them just under a penny so I'm gambling with house money on my remaining shares.
Of course, this is all just my opinion. Follow your own financial advice or hire a broker. Good luck to you all.
The problem with CHIF is the volume. At .40 per share and 280 shares, there's very little investment today. If you have the time to wait it might be a good long term investment. Or maybe not... who knows?
I heard back from JT regarding the dividends and thought that others could benefit. Depending on how many dividends you have, it may be worth your while to use this option. Or you may be better off holding the dividends and hoping the share value increases. That is entirely up to you. In additions to my question about the dividends, I had a few complaints about NSAV, and JT gave me an earful in his reply. So I have removed two phrases that were specifically aimed at me, but otherwise the statement below is a direct quote from JT about how to access the restricted dividends.
As far as the dividends, they were free. They were always restricted, as we never did a registration statement for them before they were issued. You knew that and so did everyone else. It was public knowledge.
The divided shares were eligible to be free trading under a 4 (a) 1 exemption after two years from the date of issuance. Almost two years ago.
NSAV has no legal or moral obligation to pay the fees associated with removing the restrictive legend. Find me another OTC company that does.
Many shareholders have freed their shares. Many of those have hired NSAV's attorney, Vic D. (his contact details can be found on our website) to write the legal opinion to free their shares. They paid him $400.00 (a very good price) for the opinion. I have no idea what the TA and broker charges. A 4 (a) 1 exemption, unlike a Rule 144 exemption, is a shareholder exemption, not a company exemption. Therefore, we are not involved.
Thanks, Jarheadtrader. I have sent two emails already in the last few weeks, but I'll send another. I am using the correct email address, right? info@nsavholdinginc.com
How do I contact JT? I can't send a Twitter message and he has not replied to multiple emails (info@nsavholdinginc.com). There is still no website after several months, so no help there. I'm trying to get in touch with him regarding dividends in my account that are not accessible to me. Does anyone have a phone number?
Anyone else remember when JT used to talk about retiring shares? I swear there was an old press release or two about it.
It' weird that a CEO who is so fond of tweeting anything new (and often rehashing old information) did not mention this. And how many more months does it take to set up a website?
Thanks, Shotsky. I'll keep sending JT emails. GLTA.
Has anyone had any luck accessing the "free" dividends? They have been in my account since August of 2018 but there is no dollar amount attached to them. I contacted E-trade about it and they advised me to fill out a form called Rule 144, but there is a $150 fee. I have emailed JT regarding this but he has not replied. Anyone have any advice?