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Re: Builder1960 post# 135035

Sunday, 03/07/2021 8:25:07 PM

Sunday, March 07, 2021 8:25:07 PM

Post# of 216552
I'm not Varmit, but I had over 200M shares of NSAV also, dating back to 2017. All in trips.
I tried several one-trick ponies, and it occurred to me that, if their 'product' didn't 'produce', the company and its shares would stagnate. What do do?
I decided to focus on holding companies. They aggregate multiple companies under one umbrella, and if ONE of them takes off, you have a winner. I did DD on about 20 of them, and settled on about 6 of them. I had made $100K on BVTK, and wanted PART of that to make me self sufficient.
So, of those holding companies, I read, carefully, the business plans, and tried to decide if they made sense for becoming profitable.
NSAV had a plan for 7 companies, mostly related to pot, but also MJCoin, a crypto play. They seemed to have some good ideas, including a share dividend for anyone that owned shares, a talked about share buyback and several other things. So, I put more of my money into NSAV than the others. It just seemed like it had more chops. I was wrong. I saw it drop to .0001 and below, just last year. My total portfolio dropped to under $3k. I said 'screw it', hang on in case it comes out of the doldrums. I still had over 200M total.
The others dropped out also, but I hung onto some of them to see if they would ever make me some money. I still have one of them, but the others are long gone.
So, here we are today - I still have 160M shares in 3 accounts, two of them IRA's. Their value is now around $6M.
I have sold on the way up, and got completely out of debt, and all my shares are now free.
It was a long-term play, and it took a LOT longer than I had planned. NONE of NSAV's 7 business plans panned out. None. What we have now is a DIFFERENT business plan, and it actually looks pretty good.
But, it has not yet played out - it is like all the others, so far...sounds good, but not actual results yet. We shall see.