Key Points - $SKDI CEO 2nd Video - November 2, 202
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Posted On: 11/02/2020 4:57:31 PM
Key Points - $SKDI CEO 2nd Video - November 2, 2020.
- SFL has a proven track record over 17 complete years as a jewelry business whereas the previous $SKDI business model (now divested) was based on a technology company that would have raised money based only on ideas and hoping they worked out.
- Hired an attorney to write an Offering Statement to raise $8M in 2021 to be used for:
-- Mostly increased inventory.
-- Also to have capital on hand to acquire small jewelry businesses.
-- Also to acquire any large collections of jewelry that might be offered.
- Existing suppliers are excited to help raise the SFL inventory level in 2021.
- Rising price of gold has affected the market "big time"
-- When gold goes up, buyers come out of the woodwork to invest in gold.
-- They want jewelry they can wear rather than just coins in the bank.
-- Similar happened in 2010-2012.
- Luxury on-line goods doing well during COVID-19:
-- People want to feel good.
-- Watches and jewelry sales both up.
- Most excited about having more capital in 2021:
-- Be able to buy sought after pieces.
-- Be able to buy large collections.
-- Removing capital barriers to enable major growth.
-- Put up "huge" top line numbers.
Full video can be viewed here - PR'ed November 2, 2020:
https://www.youtube.com/watch?v=NP2lBMixGZ8
- SFL has a proven track record over 17 complete years as a jewelry business whereas the previous $SKDI business model (now divested) was based on a technology company that would have raised money based only on ideas and hoping they worked out.
- Hired an attorney to write an Offering Statement to raise $8M in 2021 to be used for:
-- Mostly increased inventory.
-- Also to have capital on hand to acquire small jewelry businesses.
-- Also to acquire any large collections of jewelry that might be offered.
- Existing suppliers are excited to help raise the SFL inventory level in 2021.
- Rising price of gold has affected the market "big time"
-- When gold goes up, buyers come out of the woodwork to invest in gold.
-- They want jewelry they can wear rather than just coins in the bank.
-- Similar happened in 2010-2012.
- Luxury on-line goods doing well during COVID-19:
-- People want to feel good.
-- Watches and jewelry sales both up.
- Most excited about having more capital in 2021:
-- Be able to buy sought after pieces.
-- Be able to buy large collections.
-- Removing capital barriers to enable major growth.
-- Put up "huge" top line numbers.
Full video can be viewed here - PR'ed November 2, 2020:
https://www.youtube.com/watch?v=NP2lBMixGZ8
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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