Trading Summary - February 24.
Some progress for $SFLM today ahead of the biggest auction so far of 2022 ending tonight.
We also had further news confirming the excellent continuation of revenue growth throughout 2021 and again up even further in 2022.
Despite major sell-offs in the market overall and very little action in the OTC market in particular, $SFLM actually got a reversal and started moving up again.
At the open, when traders failed to hit the ask at .0010, the usual action seen over the past 27 months kicked in - walked down ask, paintdowns, then bid whacks when asks not hit - until bids at .0009 and .0008 filled.
Thereafter, MM OTCN was among the market makers maintaining a topped up bid at .0008 - to keep the price above the Public Offering which is currently set at .0008 for initial investments of $50K and further investments of $10K thereafter.
Next, the entire ask at .0009 was taken out and the .0010s started with a hail mary buy across both price points.
Despite the former leading basher boasting of being able to buy at .0009 and .0008, he didn't stack the entire amount at either .0009 or .0010 - although I suspect he added a few M at .0010 after more were bought. When he low level flips the entire amount he bought, he runs the risk of not being able to get back in if multiple successive asks are hit and he is outbid on an angoing basis.
On iHub, former leading basher DD-214 continues to post deliberately misleading statements about the timing and size of the previous r/s of the completely different business under $SKDI. Contrary to what he is stating, $SFLM ran to .02 on the new business model on March 30, 2021 from .0038 low on January 6, 2021 - as shown in the runs section of the DD.
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 last reverse split of the predecesor company $SKDI was on June 3, 2019.
- 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]
Overall, 56M shares were traded - .0008 > .00010 - the majority at .0009 - closed at .0010.
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. As at 0900 today we already had:
- "Buy It Now" sales of $35,492
- Other bids - including more than usual number of items above $1000 - totaling: $204,775
- So $240,267 already with over 6 hours left on the auction and another day for the week (the way I'm counting the weeks to end on a Friday for whole year estimate purposes)..
I may have time to add up the sales as they appear after the close of the auction to tonight and perhaps again before the open tomorrow as figures get adjusted with additional sales lited and some sales voided.
In any event, we can expect an update from the company after the close tomorrow (Friday).
Some progress for $SFLM today ahead of the biggest auction so far of 2022 ending tonight.
We also had further news confirming the excellent continuation of revenue growth throughout 2021 and again up even further in 2022.
Despite major sell-offs in the market overall and very little action in the OTC market in particular, $SFLM actually got a reversal and started moving up again.
At the open, when traders failed to hit the ask at .0010, the usual action seen over the past 27 months kicked in - walked down ask, paintdowns, then bid whacks when asks not hit - until bids at .0009 and .0008 filled.
Thereafter, MM OTCN was among the market makers maintaining a topped up bid at .0008 - to keep the price above the Public Offering which is currently set at .0008 for initial investments of $50K and further investments of $10K thereafter.
Next, the entire ask at .0009 was taken out and the .0010s started with a hail mary buy across both price points.
Despite the former leading basher boasting of being able to buy at .0009 and .0008, he didn't stack the entire amount at either .0009 or .0010 - although I suspect he added a few M at .0010 after more were bought. When he low level flips the entire amount he bought, he runs the risk of not being able to get back in if multiple successive asks are hit and he is outbid on an angoing basis.
On iHub, former leading basher DD-214 continues to post deliberately misleading statements about the timing and size of the previous r/s of the completely different business under $SKDI. Contrary to what he is stating, $SFLM ran to .02 on the new business model on March 30, 2021 from .0038 low on January 6, 2021 - as shown in the runs section of the DD.
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 last reverse split of the predecesor company $SKDI was on June 3, 2019.
- 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]
Overall, 56M shares were traded - .0008 > .00010 - the majority at .0009 - closed at .0010.
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. As at 0900 today we already had:
- "Buy It Now" sales of $35,492
- Other bids - including more than usual number of items above $1000 - totaling: $204,775
- So $240,267 already with over 6 hours left on the auction and another day for the week (the way I'm counting the weeks to end on a Friday for whole year estimate purposes)..
I may have time to add up the sales as they appear after the close of the auction to tonight and perhaps again before the open tomorrow as figures get adjusted with additional sales lited and some sales voided.
In any event, we can expect an update from the company after the close tomorrow (Friday).
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.
