I've played around in the otc for years. I've seen what doesn't work. With NSAV, I chose to dump a bunch of money from selling another ticker into NSAV.
But first, I did a ton of DD on NSAV. At that time, they were offering that dividend, talking about a share buyback, and multiple other company investments to produce profit. So, it was the business plan that swayed me to buy almost 250M shares in 2017. Most of those shares were in trips.
NSAV bounced off the bottom for, it seems like, years. But I held every share, and loaded up two lady friends with over 50M each.
I understand that having a LOT of shares means it doesn't have to move much to make bank.
But I didn't expect this turn of events - I began selling on the way up, first getting my shares free and clear, and then selling on the way up to pay credit cards, loans and get my car painted. ($3000).
But it kept rising. Now both my lady friends are over $2M and I'm at $4.5M. NEVER expected that, but we continue to sell off a million here and there to secure profits. At this point, the next sells are at $.05, which will mean $50K/million. Those go into cash reserves. If NSAV tanks for some reason, we will have generated enough cash to not worry about it. I don't really think that is in the cards, but I've been over a million before and lost it all because of poor performance of the company. Lesson learned.
So, my lesson is this:
Find a trip that looks like it has a good business plan. You need to know something about business, which I have - I helped bring a company public through a standard IPO. I was a director and was held to SEC requirements, so I know what you can do and not do as a public company insider.
When you find the suitable company, buy in, but watch how it goes. Buy more if it looks good, hold off if it doesn't. I never bought another share after 2017, except for one of my lady friends that turned her assets over to me to manage. She got 75M shares of NSAV at .0002. Now she has 50M shares at .0388...now worth $1.9M. Plus the cash from selling on the way up.
I studied for months before choosing NSAV. It looked to me like it had the best 'chance' of pulling off at least some of what it planned. Then, I had to sit on those shares for years when they didn't go anywhere. That's perseverance. (It was at .0001, so nothing to lose if kept.)
I am on the lookout for another trip player with a good business plan. But at this point, I may just retire from trading and enjoy the results. We are thinking about changing zip codes...
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