Trading Summary - February 23. Again today, eff
Post# of 6908
![Avatar](/images/ProfileImages/917259575_22789_Tiger Head.jpg)
Again today, effort was diverted away from $SFLM by news and early runs on $VYST and $BRGO.
By the time that action was over, and with people failing to hit the ask aggressively enough at the open, the usual action seen over the past 27 months kicked in: walked down ask, paintdowns, then bid whacks when asks not hit.
On iHub, a group of several bashers continued to post nonsense - which escalated into mainly DD-214 + a few others trying to sow doubt in the minds of the inexperienced with disinformation regarding the Public Offering, a possible reverse split and even trying to claim that the company was a scam.
The facts about the Public Offering and the Share Structure are as follows (as already in the master DD updated weekly):
- 2 Billion shares have not been issued - 2 Billion shares have been offered for purchase in initial blocks of $50K / 62.5M or follow on blocks of $10K / 12.5M - as stated in the DD.
As at the latest update dated February 9, only 3 x such purchases could have been made as the increase was precisely 187.5M - also in the DD.
- The previous Public Offering of 2.2 Billion only had 352.5M bought throughout 2021 and all that was trading most probably on the runs to .02+.
- The CEO has already stated in one of the videos that there will be no reverse split - and there clearly isn't any need for one.
- The A/S is 5 B and the Total O/S is only 1.640 B.
Authorized Shares: 5,000,000,000 [same as in January 2020]
Outstanding Shares: 1,640,525,173 [no change October 9 > January 20 - up 187.5M January 21 > February 9]
Restricted: 615,504,231 [no change September 9 > February 9]
Unrestricted: 1,025.020,942 [up 321.25M in 11 months September 2020 > August 2021 - up 50M August 2 > September 8 from formerly Restricted - up 43.75M September 8 > October 8 - no change October 9 > January 20 - up 187.5M January 21 > February 9]
The main basher DD-214 then admitted he originally had 15M bid at .0009 but later moved 7.5M up to .0010 which filled (and he is probably trying to create a wall at .0011).
Largest transaction seen was 16.5M at .0010 (after hours).
There was also a further 4.8M at .0010 transaction after hours.
Overall, 80M shares were traded - the majority at .0010.
Clearly it is understandable that most traders with relatively small accounts cannot continue to add at every price point and some amateur traders have clearly been shaken out already in the .0020 > .0010 range or influenced by the bashers.
High account value traders who believe in $SFLM long-term - like I do - will continue to buy small amounts at every level. I don't trade on averages but treat each lot as a potential profit in its own right. Upon reverseal I will be trading small amounts on surges until my total cost basis is the same as banked profits to date over the past 2+ years - making the entire remaining holding "effectively free". Thereafter, I will be keeping the main core of my holding - which would still give 100%>200% profit potential during the extended OTCQB uplist period in the .01 > .02 range - and of course we expect the eventual market cap to be much higher. There is also the option of selling the highest cost basis lots for a profit and using those funds to increase the holding of the core for free on future dips - like occur at the end of each year when amateurs sell for a loss. Finally, there is a need to consider keeping lots which turn long-term (over 12 months) to reduce the tax burden when eventually sold.
Once people start hitting across several asks aggressively before any previous diluters try to get their daily quota, none of the asks are of any significance to hinder a quick break above .0020 towards the .01 > .02 range needed for OTCQB uplisting - and as appropriate to its $12.596M revenue currently (even before diversification of revenue streams).
We have still not yet seen the significant buys across several asks at the open that are crucial to getting the breakout to the .01 > .02+ range started.
The correct market cap price for the anticipated revenue as income ramps up under the Collectibles Marketplace Strategy is currently .0768 (see DD for calculation).
Remember that the price difference between .0010 and .0050 is irrelevant when traded at .01 > .02+ - let alone at .076 - apart from the additional partial profits taken on the way to the long-term target.
Every 1M bought at .0010 is worth $11K profit at .0120.
Every 1M bought at .0020 is worth a $10K profit at .0120 or $18K profit at .02.
Latest DD - updated February 20 - here:
https://investorshangout.com/post/view?id=6348135
$SFLM was the #1 Top Profit Pick and #1 Top Banked Profit stock of 2021 on my Watch List.
It is also my #1 Top Profit Pick for the whole of 2022.
Major catalysts ahead in 2022 are:
- Continued excellent revenue growth from the core Jewelry Division.
- Updates on the Metaverse Division.
- Updates on the NFT Division.
- Acquisitions of other collectibles companies - some already in discussions.
- 2021 Q4 filing.
- OTCQB uplisting.
13th CEO Video here:
https://vimeo.com/673267050
14th CEO Video here:
https://vimeo.com/675954496
This week's auction is expected to be the biggest of 2022 so far. Already we have:
- "Buy It Now" sales of $24,422
- Other bids - including more than usual number of items above $1000 - totaling: $189,756
- So $214,178 already with over 24 hours left on the auction.
https://www.ebay.com/sch/i.html?_dmd=2&ic...amp;_pgn=1
![Like This Post](/images/thumb-up.png)
![Dislike This Post](/images/thumb-down.png)
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.