The 200M I had is down to a little over 100M now.
Back in 2017, JT was a new CEO for NSAV, and he had a very reasonable business plan for NSAV. It was basically about cannabis, even talking about growing it in PA. There was also the hemp beer, and the hemp testing. His incentive for people to buy shares was to offer a dividend where you would get a 'free' share of NSAV for every 10 shares you owned. The price was pretty low then, so I bought 5M shares, to get the 500K dividend shares. I still have those - they are unregistered, and restricted. He never freed them. Back to 2017...he kept mentioning new deals, and another dividend for Hemp beer, a company he was going to start, where we'd get a share of Hemp Beer for every 17 shares of NSAV. Many of us bought boatloads of NSAV to participate in that dividend. That one never happened.
Additionally, he talked about a share buyback that he was going to do, where instead of returning the shares to the treasury, he would put them into a 'fund' that we shareholders would be part owner of, making the rest of our shares more valuable. That never happened either.
The bottom line is this: There were MANY deals that were announced, all of which you can find in the 2017 files in this very message board. A lot of the tweets about those days were copied here, so you can read them, but he DELETED that twitter account, so you can't find those that way any more.
The days in 2017 are very much like 2021...lots of deals mentioned, but so far, nothing from 2017 to now has actually materialized, to produce even a penny of profit.
Then, when the stock tanked all the way down, some of us were bag holders, and I at least, sold some other stocks for profit, and loaded up NSAV at the bottom, hoping for a recovery sometime. It took 4 years, but it happened. Just a lucky hunch that it would sometime recover, and the profit from those .0001's would make up for the higher priced ones. I never dreamed it would get to a nickel...but I've extracted close to $1M to invest in other stocks so far, and the portfolio is well over $4M now. I have about $10K per month in 'real' dividends now from NSAV sales.
Again, if you go through the NSAV message board, starting in about april 2017, and click your way through into 2018, you can read the whole sordid story. And if you do, you will understand why those of us old timers are very skeptical of JT, because we have seen this before. Only THIS TIME, I have become a millionaire in spite of his tricks.
