Trading Summary - March 3. A satisfactory statu
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A satisfactory status quo day today - with no further upward progress - within the 25% percentile under .0050 of the .02+ anticipated in 2022.
As stated earlier, people failed to hit the ask aggresively at .0012 - both at the open and for a further 3+ hours - and so the usual pattern seen for 28 months played out: trading on the bid + low level flippers getting reloads + OTCX moving down + low level flippers going in parallel.
An undercut ask of 7M was created at .0011 - mostly as day trades expiring at the close.
Expect top traders of $SFLM to take out ever decreasing asks on the way to .01+ and also outbid the repeat scamming basher / flippers until they get to the stage where they have no .0008> .0010s left and can't reload.
At the next share structure update due around March 9, we will know if there were any other $50K / 62.5M Public Offering bulk purchases or not - and even if there were, even several would not be a problem as many 100Ms have been traded since the last increase on February 9 (which I will add up and comment on in future DD updates).
We can expect asks in the .0013 to .0020 range to get back to the more normal 5M > 500K and then more usually 1M > 200K after that all the way to .01+.
Overall, 10.8M shares were traded today - .0010 > .00012 - closed at .0011.
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 $13M+ revenue estimate currently (even before diversification of revenue streams).
We still need to see significant buys across several asks at the open that are crucial to getting the breakout to the .01 > .02+ range started.
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 most probably traded 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 5B and the Total O/S is only 1.640B.
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 correct market cap price for the anticipated revenue as income ramps up under the Collectibles Marketplace Strategy is currently .0798 (see DD for calculation).
Remember that the price difference between .0012 and .0050 is irrelevant when traded at .01 > .02+ - let alone at .0798 - 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 27 - here:
https://investorshangout.com/post/view?id=6352454
$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 for the next PR which is likely to cover the closing of the "real estate" acquisition for the Metaverse Division.
The next "Famous Thursday Night Auction" is tonight - expect the usual $200K+ in revenue for the week.
Advance sales at "Buy It Now" prices this week are already $11,865.
Bidding is already $202,030.
Bids: https://www.ebay.com/str/sflmavenantiquesjewelryfineart
Sales: https://www.ebay.com/sch/i.html?_sofindtype=0...=1&rt=
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