I don't think anyone should feel confident about this company. It has a history, and history has a way of repeating itself. Before JT came along in 2017, the previous CEO ran NSAV into the dirt. That's how JT got it for peanuts. (This can all be verified by looking at the older filings.)
Then, when JT came along, he started making 'deals', one of which was to entice shareholders to buy more shares, because he said every shareholder would get 1 share of NSAV free for every 10 they owned. I owned 5M by that time, and eventually received 500K 'dividend shares'. They are still at etrade, still restricted, and thus useless.
JT make a number of other 'deals' during this time, and the business plan was to become a one-stop-shop for cannabis - testing, cbd, hemp beer and several other 'deals'.
One of his 'deals' was the hemp beer company, which he said he would 'spin off' and give NSAV shareholders one share of the beer company for every 17 shares of NSAV. I, and a lot of others, scrambled to buy shares of NSAV, so we could own part of the new spinoff. That is actually how I came to have over 100M shares of my own.
Long story shortened - not one 'deal' ever panned out, and JT ran the company into the dirt, just like the previous CEO. The share price was QUAD zeros, which is of course less than trips.
After a few years, during which the company wandered aimlessly, Jake Noch came into the picture and was made CEO. You just HAVE to wonder what that was all about...Why would the CEO give up his title? But he obviously did, as the filings show.
Anyway they had a falling out about a year ago, and Jake sued NSAV and won. It was said that the settlement was complete, and I do believe Jake got common stock, the last big increase on the OS. Not long after that, NSAV share price took off. I'm pretty sure Jake sold his shares to get his $1M settlement out of NSAV. I'm not saying 'someone' jacked the share price up to get away from Noch, but it *looks* like that happened. He might even have purchased enough shares to start that price hike himself. Then sold at a nice profit once the share price took off. If he did what I'm thinking, he sold all his NSAV stock, probably at market, and that started the price slide. He wouldn't care, all he wanted was the cash, and he obviously got a lot of it.
You all may think I'm straying, but I'm not - all this stuff really happened, and can be proven. Most of it is in the filings, but the rest of it can be found right here on this message board.
Today, we have what *might* be a repeat: JT making deals that 'sound' like a valid business plan. Everyone here is just drooling for the 'upcoming success' of NSAV.
But, once burned, twice careful. There are only two possible outcomes with NSAV:
1. It can become successful with the new business plan in the crypto arena. That is what to hope for.
2. It can repeat what it did in the last 4 years. That is what to be afraid of, especially if you bought in above a penny.
I'm not saying I know which it is, but I would absolutely NEVER tell anyone to be 'confident' about any stinky pinky, nor would I ever tell anyone to 'buy' NSAV until we see something that shows NSAV is actually making some money, not just 'deals'. It has never made a profit.
I would advise everyone to be careful, and keep a sharp eye on what is said by JT, and what we eventually learn he meant in his numerous exaggerations.
The quarterly report was due yesterday - it should reveal where the 'money' is coming from for these 'deals'. But it's late, as usual.
AI
