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Re: mfaphoto post# 206032

Thursday, 09/01/2022 3:14:20 PM

Thursday, September 01, 2022 3:14:20 PM

Post# of 220398
That is not how it works. NSAV takes out loans, with no expectation of paying them. When they come due, shares come out of the treasury, at a huge discount, to pay off the loans. Then, those shares are dumped almost immediately by the lender, which drives down the share price, because they DUMP them at market and get their loan back plus profit.
That is the reason the AS was increased and is why the OS continues to increase. To get loans that are backed by shares. Gotta have the shares in reserve to be legal. When these are gone, it may repeat. Meanwhile, dilution is killing us, as well as when they dump those shares...double whammy.