'probably acquired by SBC'. That is the stinker - we don't know if they bought ANY NSAV stock. Why would they? They aren't penny stock traders.
NSAV has 2 kinds of preferred stock and common stock. The common stock has an AS of 6B, of which 5.9B are issued. The series A preferred stock has an AS of 225,000,000. The Series B preferred stock has an AS of 775,000,000.
The OS refers to the common stock, of which 5.9B are issued, and at this point, all of the preferred shares have been given to SBC.
Last December, this happened:
During December 2020, a holder of 200,000,000 common stock shares elected to convert these shares at a conversion price of $0.00005. That netted $10K. We don't know who that was. The share price spike started in early Feb, and it has been decaying since then.
In February, NSAV said:
Effective immediately, NSAV issued an additional 30 million shares of super majority Preferred A shares to TG Private Equity Inc., therefore making that a 50/50 partner in NSAV.
In April, NSAV PR said:
Net Savings Link, Inc. (OTC: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced that NSAV will exercise its option and acquire an additional 25% stake in SBCDF Investment, Inc. (SBCDF), which increases the Companys shareholding to 50%. SBCDF will soon launch its STUX (SBC Token Unix X). The STUX token will be marketed via all the major social media channels such as, Reddit, Discord, Telegram, Twitter and Medium. To complete the transaction, NSAV will issue 500 million restricted Preferred B shares, which when converted, have an estimated value of over $10 million. On March 15, 2021, NSAV announced that it had acquired its initial 25% stake in SBCDF under the same terms.
That means the entire preferred stock was 'given' to SBC. So, they have 1 B of NSAV preferred stock, all restricted, and NSAV has a 50% interest in SBC. And TG Equity has a 50% ownership of NSAV.
There is no indication, anywhere, that SBC has PURCHASED ANY NSAV STOCK.
However, at the time the stock was in quads, as it was in December, someone, or a group, or a company began buying shares. No one knows who or what started that buying spree, but the price climbed to $.067 and then dropped back to where it is now, about $.008. That's an 8 bagger, backwards. (A loss of 80+%)
So, we don't know exactly WHY the price spiked, and we don't know exactly WHY it has dropped since then. Assuming SBC has been buying common stock makes no sense. They aren't penny stock traders - they are a business that has better things to do.
But someone, or some company or group, bought hundreds of millions of shares right around $.0001. 100M shares at that price is only $10k. So, for $100K, someone could have purchased 1B shares if they purchased at a limit. I'd think a buying group got involved, so none of them would approach the 5% ownership trigger. They bought, got the momo going, then sold for a handsome profit.
It may not repeat. It may have nothing to do with how the company is performing - it could have been purely a stock market play. Something that we could do with another trip zero company, if so motivated.
