Monday, November 29, 2021 5:44:53 PM
Contracts take months to even years to process. NSAV is a publicly traded company. They must get US government approval to purchase BW. If it’s a reverse merger, they must complete complex, lengthy audits first. This isn’t my first merger. I’ve seen it take over two years to get through Americas bureaucratic paperwork mess.?
As I’ve posted before, it’s unlikely they’ll announce anything, until they complete a share buyback. It would be stupid to announce anything that will increase share price, until a share buyback is completed. That’s going to take months. I doubt a buyback is completed, before summer. They can only buyback up to 25% of daily volume. Our volume is 12-million, so far. That means they could only buyback 3-million shares at the end of the today. They have an estimated 5-BILLION to buyback. At 3M per day it will take 1,666 trading days to buyback. That’s approximately 333 weeks.
Pray daily volume increases to 200M minimum.
As for the CEX, they are awaiting new US laws applicable to crypto exchanges and taxes. NSAV isn’t grandfathered in, so they’re forced to wait. The new laws and taxes were announced a couple of days, before NSAVCEX was to go live in August.
This is not a get rich quick stock. NSAV is essentially in its infancy, since it switched its business plan earlier this year. It’s going to take time to build hype.
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