Copy of a post I just made on iHub regarding profi
Post# of 6771
$SKDI overheads are minimum as it is purely an on-line company - so probably just a few estate sale "pickers" and someone to photograph and list the items on the eBay store and update their other websites and social media.
Another of my Watch List Top Picks for 2021 which is also a jewelry company - mainly retail stores / boutiques and only just starting on-line in 2020 - so higher overheads - just declared a profit margin of 80%.
So I anticipate that $SKDI's profit margin will be similar or greater.
Regardless, the important factor here is that - having divested itself of a money losing company Numuni - the 2020 Balance Sheet will be instantly in the green for the first time in the company's history - probably by $Ms - virtually unheard of in the OTC. In addition, $550K will be coming in from the sale of Hakuna and advances to Numuni that will be returned.
$SKDI will remain my #1 Top Profit Pick throughout 2021 - the day-to-day price at present is actually irrelevant.
I will continue to just trade what I see - adding more shares on an almost daily basis.
It is perhaps not a stock for the impatient, indecisive, or "amateur" quick profit trader - but "sideline sitting" will be their loss in the long run as there are enough other top traders like me in $SKDI who are perfectly capable of moving the price up .0010 > .0020 any time we choose on a day when we don't have several other stocks that need profit taking and /or reload attention concurrently.
Authoritative DD here - will be updated this weekend with the January 1-8 sales figures and latest run details [iHub version of]:
https://investorshangout.com/post/view?id=6006376
SFLMaven, Inc. (SFLM) Stock Research Links
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.