Friday night thoughts: Foreign vs local and missing puzzle pieces:
1. Foreign: So far, all the partnerships and deals are foreign, nothing is in homeland. TG private, Web Labs, VirtuaBroker, Yuen Wong, 50/50 Equity Partnership, 500m Prefd. B shares, everything foreign.
2. Local: So far the so-called mysterious “Wall Street Investment Banker” is the local third party. Once we get the name and the nature of the deal between the parties, the whole game will change in a big way.
3. Missing puzzle pieces:
a) 50/50 equity partnership with TG private, meaning TG got 50% common shares of NSAV. Question is what did NSAV GET in return? Cash or kind - it’s not free for sure!
b) 500m prefd. B: Again, TG took this position. Same question: what did NSAV get in return? Cash or kind, it’s not free either!
C) VirtuaBroker acquisition: NSAV acquired this, great news but we don’t know what NSAV is paying in consideration. Again not free for sure!
d) Yuen Wong appointment: We know NSAV got his name and fame but in return what did NSAV promised to pay him. I don’t think he came onboard for free.
e) Investment banker: Apparently, investment banker is bringing all this deals to NSAV, again how are they being paid for? Not free for sure.
In all these five cases, we know one side of the deal, the other side is unknown, which is very very important.
Conclusion:
As soon as we get the name of Wall Street Banker (and the nature of deal between the parties), that will build the confidence and connect the the dots between homeland and foreign deals.
Also, when we get to know the other sides of the above five known deals, market will give due credit, attention and value to the company and stock price.
I am 100% certain, once we get all this info, the stock price will be in dollar land because NSAV will be in a different league then and poor JT won’t need to tweet every 5 minutes.
Open to hear alternative thoughts!
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