$SKDI DD - Updated January 24, 2021 [important aspects in bold].
Recent Major Developments:
On October 5, 2020, $SKDI announced it had acquired high-end jewelry company SFL Maven ["SFL"] - with revenue of $11M in 2019 - in a stock-only transaction - and would be pivoting direction.
On October 8, 2020, $SKDI announced that it would be streamlining operations to drive greater focus on high value, high revenue segments.
The centerpiece of this focus will be the Company's recently acquired high-end jewelry business SFL.
The realignment in operational and strategic focus is to maximize returns on invested capital ahead.
This realignment will entail cost-savings and cash generation to support the growth of the Company going forward and will increase the ability to maximize returns with the new acquisition SFL.
As part of this realignment, Hakuna has been sold as a going concern and Numuni - which failed to launch - divested.
On October 9, 2020, it was announced that the CEO of SFL Maven would become the CEO of $SKDI wef October 12, 2020. Significant further information about the success to date of SFL was given along with plans and objectives for the remainder of 2020 and 2021 in a video [see Key Points below].
$SKDI is now re-focused on a serious revenue generating business - and having divested itself of non-core businesses - is set to deliver shareholder value.
$SKDI will report millions in topline revenues in 2020 for the first time in its history.
The CEO sees no reason to apply to FINRA for a reverse stock split and the company has a very tight public float.
His focus will 100% be on revenue growth for the remainder of 2020.
Re-branding and a name change are also planned.
Key Points - $SKDI / SFL Maven CEO 1st Video:
Business:
- SFL Maven - sells fine luxury + estate items.
- In business 18 years on eBay.
- One of the leading sellers in business sector on eBay.
- $127M total sales to end-2019 - almost 180,000 items.
- 2018 top line revenue: $11.9M.
- 2019 top line revenue: $11M.
- 2020 top line revenue to end-Sep: $5.6M.
- Q4 is always the best Q due to holidays.
- COVID-19 has driven increased on-line sales generally.
- eBay had 8M new users registered in 2020 Q2 - more than last 6 x Q combined.
- SFL expecting 2020 Q4 to be best ever with people wanting to buy a luxury "boost" for themselves or loved ones + holiday buying already started early.
Objectives for "New" $SKDI:
- Need to increase exposure in luxury markets as a whole.
- Revamp Corporate image.
- Build out own professional on-line retail site.
- Increase $SKDI share holder trust by delivering dependable growth month after month and Q after Q.
Expectations in 2021:
- Expect increase in revenue of 30% over that of 2020.
- Achieve through increase in inventory and economic healing overall in the economy.
- Want to deliver "fantastic shareholder value".
$SKDI / SFL CEO 1st Video - PR'ed October 9, 2020 - here:
https://vimeo.com/466211275
Key Points - $SKDI / SFL Maven CEO 2nd Video:
- 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.
$SKDI / SFL CEO 2nd Video - PR'ed November 2, 2020 - here:
https://www.youtube.com/watch?v=NP2lBMixGZ8
Share Structure - Updated January 4, 2021:
Transfer Agent Verified.
No change - confirming no dilution.
Authorized Shares: 1,500,000,000 [85% reduction from pre- Feb 2020 figure]
Outstanding Shares: 1,080,525,173 [no change]
Restricted: 645,504,231 [as at September 11, 2020]
Unrestricted: 422,520,942 [as at September 11, 2020]
Note: It is only the Unrestricted Outstanding Shares count that is relevant to immediate trading. Very low at 422M for a stock in the .0045 > .1000 price range.
$SKDI is also OTC Pink Current.
https://www.otcmarkets.com/stock/SKDI/security
2020 Q3 Report - Filed November 13, 2020:
Largely irrelevant - as it is for the period ending September 30 which predates the acquisition of $11M per year revenue company SFL Maven - and Numuni was costing money without bringing any in.
We already know from the new CEO that the balance sheet will go instantly positive in Q4 by $Ms.
There were 2 unexpected additional income items ahead alluded to in Note 10 - Subsequent Events in Q4:
- Hakuna Supply was sold for $350,000.
- The funds advanced to Numuni will be converted into a long-term interest-free note for approximately $200,000.
PRs / Updates Since November 4, 2019:
[only those still relevant are listed - links deleted for brevity - look up on Yahoo Finance or otcmarkets.com]
News - November 12, 2019. Sun Kissed Retires Majority of Convertible Debt with Primary Creditor.
News - April 7, 2020: Sun Kissed Industries Cleans Balance Sheet with $242,595 of Debt Forgiveness.
News - October 5. Sun Kissed Pivots Direction and Acquires 'Luxury' Enterprise with $11M in 2019 Revenue.
News - October 8. Sun Kissed Announces Streamlining to Focus on Strong Growth in High Revenue Segment.
News - October 9. Sun Kissed Introduces New CEO in MoneyTV(TM) Interview.
News - November 2. Sun Kissed CEO Outlines Ambitious Future in MoneyTV Interview with Donald Baillargeon.
News - December 15. Sun Kissed's SFL Maven Sees Strong Revenue Growth to Rise Above Challenging Year.
Trading Patterns Observed Since November 2019:
[for brevity, the manipulation down for reloading details have been deleted - available to view in the contemporaneous record here]
Ran from .0300 > .1600 on November 7 - 433%
Ran from .0230 > .0349 on November 18 - 52%
Ran from .0084 > .0169 on November 26 - 101%
Gapped up from .0110 > .0195 then .0250 at open on December 2 - 77% / 127%
Ran from .0093 > .0150 on December 4 - 61%
Gapped up from from .0087 > .0120 on December 5 - 38%
Ran from .0046 > .0095 on December 17 - 106%
Gapped up from .0027 > .0130 on January 3 - 381%
Ran from .0042 > .0068 on January 14 - 62%
Ran from .0032 > .0065 on January 29 - 103%
Ran from .0050 > .0086 on January 30 - 72%
Ran from .0077 > .0114 on February 4 - 48%
Ran from .0074 > .0125 on February 5 - 69%
Ran from .0074 > .0096 on February 10 - 30%
Ran from .0074 > .0094 on February 11 - 27%
Gapped up from .0050 > .0069 on March 9 - 38%
Gapped up from .0050 > .0065 on March 10 - 30%
Ran from .0032 > .0056 on April 7 - 75%
Ran from .0085 > .0115 - on April 30 - 35%
Ran from .0090 > .0120 on May 13 - 33%
Ran from .0077 (previous close) > .0109 on June 1 - 42%
Ran from .0059 > .0078 on July 23 - 31%
Ran from previous close of .0062 > .0084 on August 6 - 35%
Ran up from .0064 > .01 during period August 28 > September 3 - 56%
Ran from .0040 > .0057 on 4M in consecutive buys in a few minutes on October 9 - 42%
Ran from .0029 > .0048 on December 3 - 66%
Started breakout from .0038 (previous close) to .0050 on January 6 - 32%
For 14 months there have been hold back attempts from manipulator(s) with undercut asks put up daily as a loading wall - walked down whenever the ask is not hit aggressively enough - and retreating when hit or when taken out by the regular "hail mary" buys across multiple asks.
OTC market top traders now on $SKDI for the whole 2021 - as evidenced by networking in new Telegram and Slack Whale Team room, Skype and on social media.
More traders have been willing to hit the ask above hold back attempts to get surge moves and also outbid the main MM repeatedly to see if he moves up.
I and other top traders have been loading the bottom levels in the .0040 > .0050 range in the last 14 trading days - resulting an an increased total volume of 124M - which is 30% of the very low Unrestricted Outstanding Shares count. As with all my long-term top picks, knowing who got what where is important.
Hail mary buys were last evident again on January 22, 2021.
As predicted in the last 3 x DD updates, although the top traders of $SKDI already have enough shares for trading throughout 2021, now that we are in a new tax year they are already buying more at the current bottom prices to deny them to new interest and get the move up toward .01+ started before all the known multiple catalysts ahead start playing out.
As PRs are not currently getting routed via broker platforms "News" alerts, $SKDI long-term continual position traders search manually daily and are likely to be the first to get all the future runs started without warning.
Performance & Outlook:
$SKDI was the #1 Top Profit Pick & #1 Top Actual Banked Profit Earning Stock of 2020.
SFL Maven was not acquired until October 2020 - so we have not even yet had a set of financials incorporating their huge revenue in the $Ms - unheard o f for most companies currently in the OTC.
$SKDI will remain the #1 Top Profit Pick on my Watch List for my 1,931 followers throughout 2021 for self-evident reasons.
Continued large profit trading opportunities are anticipated ahead throughout 2021 for those who maintain a large inventory of shares at various price points.
Cancel any left over ask sell orders at close to get the maximum gap up at open.
Expect .02 > .1+ at some point in 2021 as the following catalysts play out:
- Awareness in the wider trading / investing community of the proven success and future potential of SFL - to date $SKDI PRs have not been routed for alerts on broker platforms.
- Announcement of 2020 Q4 profits ahead of the Annual Report - probably in the 1st video of 2021.
- Annual Report filing.
- Rebranding.
- Launch of SFL's own on-line store - in addition to eBay.
- Name change + ticker change.
- Offering statement to raise capital for growth.
- Weekly eBay sales revenues visible to all share holders on a continuous basis.
Ongoing PR campaign with 57 releases already since November 4, 2019.
SFL Maven website: https://www.sflmaven.com/
SFL Maven - eBay on-line store: http://www.ebaystores.com/SFLMAVEN-ANTIQUES-JEWELRY-FINE-ART
$SKDI Social Media Links:
$SKDI Twitter: https://twitter.com/sunkissinc
SFL Maven Twitter: https://twitter.com/sflmaven
SFL Maven Instagram: https://www.instagram.com/sflmaven/?hl=en
SFL Maven Recent Sales - Update To January 22, 2021:
January 16-22: $179,616 - 259 items - average $693 per sale
January 9-15: $195,213 - 214 items - average $912 per sale
January 1-8: $236,719 - 253 items - average $936 per sale
2021 Total January 1-22: $611,608 - 726 items - average $842 per sale.
2020 Q4 Total: $2,690,246 - 3078 items - average $874 per sale
Broken down as follows:
December 1-31: $904,788 - 995 items - average $909 per sale
November 1-30: $735,981 - 940 items - average $783 per sale
October 1-31: $1,049,477 - 1,143 items - average $918 per sale
Note 1: The majority of the revenue comes in each Thursday when most auctions end.
Note 2: Since November 29 onwards, more higher price items $2,000 > $25,999 are being bought immediately at the "Buy It Now" asking price.
Note 3: Higher price inventory items already obvious too.
Note 4: December 17 sales included 2 x Rolex watches for $50,998.
Note 5: Rolex watch bought for $20,999 - "Buy It Now" asking price - as soon as it appeared on Friday January 8.
Note 6: Minimal overheads - estate items sold on eBay for 18 years - therefore high profit margins.
https://www.ebay.com/sch/i.html?_sofindtype=0...=1&rt=
Recent Major Developments:
On October 5, 2020, $SKDI announced it had acquired high-end jewelry company SFL Maven ["SFL"] - with revenue of $11M in 2019 - in a stock-only transaction - and would be pivoting direction.
On October 8, 2020, $SKDI announced that it would be streamlining operations to drive greater focus on high value, high revenue segments.
The centerpiece of this focus will be the Company's recently acquired high-end jewelry business SFL.
The realignment in operational and strategic focus is to maximize returns on invested capital ahead.
This realignment will entail cost-savings and cash generation to support the growth of the Company going forward and will increase the ability to maximize returns with the new acquisition SFL.
As part of this realignment, Hakuna has been sold as a going concern and Numuni - which failed to launch - divested.
On October 9, 2020, it was announced that the CEO of SFL Maven would become the CEO of $SKDI wef October 12, 2020. Significant further information about the success to date of SFL was given along with plans and objectives for the remainder of 2020 and 2021 in a video [see Key Points below].
$SKDI is now re-focused on a serious revenue generating business - and having divested itself of non-core businesses - is set to deliver shareholder value.
$SKDI will report millions in topline revenues in 2020 for the first time in its history.
The CEO sees no reason to apply to FINRA for a reverse stock split and the company has a very tight public float.
His focus will 100% be on revenue growth for the remainder of 2020.
Re-branding and a name change are also planned.
Key Points - $SKDI / SFL Maven CEO 1st Video:
Business:
- SFL Maven - sells fine luxury + estate items.
- In business 18 years on eBay.
- One of the leading sellers in business sector on eBay.
- $127M total sales to end-2019 - almost 180,000 items.
- 2018 top line revenue: $11.9M.
- 2019 top line revenue: $11M.
- 2020 top line revenue to end-Sep: $5.6M.
- Q4 is always the best Q due to holidays.
- COVID-19 has driven increased on-line sales generally.
- eBay had 8M new users registered in 2020 Q2 - more than last 6 x Q combined.
- SFL expecting 2020 Q4 to be best ever with people wanting to buy a luxury "boost" for themselves or loved ones + holiday buying already started early.
Objectives for "New" $SKDI:
- Need to increase exposure in luxury markets as a whole.
- Revamp Corporate image.
- Build out own professional on-line retail site.
- Increase $SKDI share holder trust by delivering dependable growth month after month and Q after Q.
Expectations in 2021:
- Expect increase in revenue of 30% over that of 2020.
- Achieve through increase in inventory and economic healing overall in the economy.
- Want to deliver "fantastic shareholder value".
$SKDI / SFL CEO 1st Video - PR'ed October 9, 2020 - here:
https://vimeo.com/466211275
Key Points - $SKDI / SFL Maven CEO 2nd Video:
- 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.
$SKDI / SFL CEO 2nd Video - PR'ed November 2, 2020 - here:
https://www.youtube.com/watch?v=NP2lBMixGZ8
Share Structure - Updated January 4, 2021:
Transfer Agent Verified.
No change - confirming no dilution.
Authorized Shares: 1,500,000,000 [85% reduction from pre- Feb 2020 figure]
Outstanding Shares: 1,080,525,173 [no change]
Restricted: 645,504,231 [as at September 11, 2020]
Unrestricted: 422,520,942 [as at September 11, 2020]
Note: It is only the Unrestricted Outstanding Shares count that is relevant to immediate trading. Very low at 422M for a stock in the .0045 > .1000 price range.
$SKDI is also OTC Pink Current.
https://www.otcmarkets.com/stock/SKDI/security
2020 Q3 Report - Filed November 13, 2020:
Largely irrelevant - as it is for the period ending September 30 which predates the acquisition of $11M per year revenue company SFL Maven - and Numuni was costing money without bringing any in.
We already know from the new CEO that the balance sheet will go instantly positive in Q4 by $Ms.
There were 2 unexpected additional income items ahead alluded to in Note 10 - Subsequent Events in Q4:
- Hakuna Supply was sold for $350,000.
- The funds advanced to Numuni will be converted into a long-term interest-free note for approximately $200,000.
PRs / Updates Since November 4, 2019:
[only those still relevant are listed - links deleted for brevity - look up on Yahoo Finance or otcmarkets.com]
News - November 12, 2019. Sun Kissed Retires Majority of Convertible Debt with Primary Creditor.
News - April 7, 2020: Sun Kissed Industries Cleans Balance Sheet with $242,595 of Debt Forgiveness.
News - October 5. Sun Kissed Pivots Direction and Acquires 'Luxury' Enterprise with $11M in 2019 Revenue.
News - October 8. Sun Kissed Announces Streamlining to Focus on Strong Growth in High Revenue Segment.
News - October 9. Sun Kissed Introduces New CEO in MoneyTV(TM) Interview.
News - November 2. Sun Kissed CEO Outlines Ambitious Future in MoneyTV Interview with Donald Baillargeon.
News - December 15. Sun Kissed's SFL Maven Sees Strong Revenue Growth to Rise Above Challenging Year.
Trading Patterns Observed Since November 2019:
[for brevity, the manipulation down for reloading details have been deleted - available to view in the contemporaneous record here]
Ran from .0300 > .1600 on November 7 - 433%
Ran from .0230 > .0349 on November 18 - 52%
Ran from .0084 > .0169 on November 26 - 101%
Gapped up from .0110 > .0195 then .0250 at open on December 2 - 77% / 127%
Ran from .0093 > .0150 on December 4 - 61%
Gapped up from from .0087 > .0120 on December 5 - 38%
Ran from .0046 > .0095 on December 17 - 106%
Gapped up from .0027 > .0130 on January 3 - 381%
Ran from .0042 > .0068 on January 14 - 62%
Ran from .0032 > .0065 on January 29 - 103%
Ran from .0050 > .0086 on January 30 - 72%
Ran from .0077 > .0114 on February 4 - 48%
Ran from .0074 > .0125 on February 5 - 69%
Ran from .0074 > .0096 on February 10 - 30%
Ran from .0074 > .0094 on February 11 - 27%
Gapped up from .0050 > .0069 on March 9 - 38%
Gapped up from .0050 > .0065 on March 10 - 30%
Ran from .0032 > .0056 on April 7 - 75%
Ran from .0085 > .0115 - on April 30 - 35%
Ran from .0090 > .0120 on May 13 - 33%
Ran from .0077 (previous close) > .0109 on June 1 - 42%
Ran from .0059 > .0078 on July 23 - 31%
Ran from previous close of .0062 > .0084 on August 6 - 35%
Ran up from .0064 > .01 during period August 28 > September 3 - 56%
Ran from .0040 > .0057 on 4M in consecutive buys in a few minutes on October 9 - 42%
Ran from .0029 > .0048 on December 3 - 66%
Started breakout from .0038 (previous close) to .0050 on January 6 - 32%
For 14 months there have been hold back attempts from manipulator(s) with undercut asks put up daily as a loading wall - walked down whenever the ask is not hit aggressively enough - and retreating when hit or when taken out by the regular "hail mary" buys across multiple asks.
OTC market top traders now on $SKDI for the whole 2021 - as evidenced by networking in new Telegram and Slack Whale Team room, Skype and on social media.
More traders have been willing to hit the ask above hold back attempts to get surge moves and also outbid the main MM repeatedly to see if he moves up.
I and other top traders have been loading the bottom levels in the .0040 > .0050 range in the last 14 trading days - resulting an an increased total volume of 124M - which is 30% of the very low Unrestricted Outstanding Shares count. As with all my long-term top picks, knowing who got what where is important.
Hail mary buys were last evident again on January 22, 2021.
As predicted in the last 3 x DD updates, although the top traders of $SKDI already have enough shares for trading throughout 2021, now that we are in a new tax year they are already buying more at the current bottom prices to deny them to new interest and get the move up toward .01+ started before all the known multiple catalysts ahead start playing out.
As PRs are not currently getting routed via broker platforms "News" alerts, $SKDI long-term continual position traders search manually daily and are likely to be the first to get all the future runs started without warning.
Performance & Outlook:
$SKDI was the #1 Top Profit Pick & #1 Top Actual Banked Profit Earning Stock of 2020.
SFL Maven was not acquired until October 2020 - so we have not even yet had a set of financials incorporating their huge revenue in the $Ms - unheard o f for most companies currently in the OTC.
$SKDI will remain the #1 Top Profit Pick on my Watch List for my 1,931 followers throughout 2021 for self-evident reasons.
Continued large profit trading opportunities are anticipated ahead throughout 2021 for those who maintain a large inventory of shares at various price points.
Cancel any left over ask sell orders at close to get the maximum gap up at open.
Expect .02 > .1+ at some point in 2021 as the following catalysts play out:
- Awareness in the wider trading / investing community of the proven success and future potential of SFL - to date $SKDI PRs have not been routed for alerts on broker platforms.
- Announcement of 2020 Q4 profits ahead of the Annual Report - probably in the 1st video of 2021.
- Annual Report filing.
- Rebranding.
- Launch of SFL's own on-line store - in addition to eBay.
- Name change + ticker change.
- Offering statement to raise capital for growth.
- Weekly eBay sales revenues visible to all share holders on a continuous basis.
Ongoing PR campaign with 57 releases already since November 4, 2019.
SFL Maven website: https://www.sflmaven.com/
SFL Maven - eBay on-line store: http://www.ebaystores.com/SFLMAVEN-ANTIQUES-JEWELRY-FINE-ART
$SKDI Social Media Links:
$SKDI Twitter: https://twitter.com/sunkissinc
SFL Maven Twitter: https://twitter.com/sflmaven
SFL Maven Instagram: https://www.instagram.com/sflmaven/?hl=en
SFL Maven Recent Sales - Update To January 22, 2021:
January 16-22: $179,616 - 259 items - average $693 per sale
January 9-15: $195,213 - 214 items - average $912 per sale
January 1-8: $236,719 - 253 items - average $936 per sale
2021 Total January 1-22: $611,608 - 726 items - average $842 per sale.
2020 Q4 Total: $2,690,246 - 3078 items - average $874 per sale
Broken down as follows:
December 1-31: $904,788 - 995 items - average $909 per sale
November 1-30: $735,981 - 940 items - average $783 per sale
October 1-31: $1,049,477 - 1,143 items - average $918 per sale
Note 1: The majority of the revenue comes in each Thursday when most auctions end.
Note 2: Since November 29 onwards, more higher price items $2,000 > $25,999 are being bought immediately at the "Buy It Now" asking price.
Note 3: Higher price inventory items already obvious too.
Note 4: December 17 sales included 2 x Rolex watches for $50,998.
Note 5: Rolex watch bought for $20,999 - "Buy It Now" asking price - as soon as it appeared on Friday January 8.
Note 6: Minimal overheads - estate items sold on eBay for 18 years - therefore high profit margins.
https://www.ebay.com/sch/i.html?_sofindtype=0...=1&rt=
SFLMaven, Inc. (SFLM) Stock Research Links
"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
