Trading Summary - February 25. A more than sati
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Posted On: 02/25/2022 4:33:38 PM
Trading Summary - February 25.
A more than satisfactory status quo day for $SFLM.
The company delivered the anticipated probable biggest auction of the year - only one other has been over $300K and that was on the run up to St Valentine's Day - this week is just an ordinary one.
Almost all buys were on the ask at .0010 and up to 14M of the bid at .0008 moved up to .0009.
Although the ask at .0010 was topped up by small amounts, I believe this was from the handful of basher / scammers on iHub who got both .0008s and .0009s who - after they sold - started bashing again by attacking positive posters (mostly deleted) and did a paintdown at .0009 which they would still have got a profit from. However, that actually lowered the ask at .0010 back to 4M and we still had a bid of 11M at .0009 - nobody was duped to sell on the bid..
Throughout, MM OTCN remained 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.
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 and is irrelevant.
- The CEO has already stated that there is no reason for a reverse split - and there clearly isn't any need for one [source: PR October 9, 2020].
- 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, 17M shares were traded - .0009 > .00010 - almost all at .0010.
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
Watch out for:
- Company update on Week 8 revenue soon.
- 2022 Total Revenue update from me soon after.
- DD update from me over the weekend.
- Any PR before the open on Monday.
A more than satisfactory status quo day for $SFLM.
The company delivered the anticipated probable biggest auction of the year - only one other has been over $300K and that was on the run up to St Valentine's Day - this week is just an ordinary one.
Almost all buys were on the ask at .0010 and up to 14M of the bid at .0008 moved up to .0009.
Although the ask at .0010 was topped up by small amounts, I believe this was from the handful of basher / scammers on iHub who got both .0008s and .0009s who - after they sold - started bashing again by attacking positive posters (mostly deleted) and did a paintdown at .0009 which they would still have got a profit from. However, that actually lowered the ask at .0010 back to 4M and we still had a bid of 11M at .0009 - nobody was duped to sell on the bid..
Throughout, MM OTCN remained 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.
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 and is irrelevant.
- The CEO has already stated that there is no reason for a reverse split - and there clearly isn't any need for one [source: PR October 9, 2020].
- 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, 17M shares were traded - .0009 > .00010 - almost all at .0010.
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
Watch out for:
- Company update on Week 8 revenue soon.
- 2022 Total Revenue update from me soon after.
- DD update from me over the weekend.
- Any PR before the open on Monday.
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"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.