Trading Summary - March 31. A satisfactory stat
Post# of 7110
(Total Views: 263)
Posted On: 03/31/2022 6:55:38 PM
Trading Summary - March 31.
A satisfactory status quo day with all trades within the 25% percentile under .0050 of the .02+ anticipated in 2022.
A lot of traders were following (8,000+ views here as opposed to 7,000+ yesterday, 5,000+ in recent days and more usually 500>1,000+) and buying today after noting the excellent progress made in the first full year of $SFLM being a public company (see link below).
In relatively early trading with the .0011s started and below 10M left, a suspect fake 58M was put up on an undercut ask at .0010 and then cancelled soon after when nobody was duped to trade at .0009.
Later, the same was tried twice more.
On the second occasion, 54M was put up at .0010 and then cancelled again soon after.
On the third occasion, 51M was put up at .0010 and almost immediately bought out completely in 2 individual seconds. Then 17M at .0011 was bought out as well and the .0012s started with only 8M left.
Traders then failed to hit the ask aggressively enough to keep the momentum going and so for the rest of the day the majority of trading occured at .0010.
It was impossible to work out how much was Public Offering buyers from .0008 selling a portion of their 62.5M batch for 25% profit to convert the remainder to free, how much was amateur traders who jumped in today selling even for a commission loss, or how much was wash traded as MM>MM transfers. See contemporaneous earlier posts for some of the detail.
At the end of the day, as has been mentioned for months in the DD and daily Trading Summaries, it makes little difference to the OTC market top long-term continuous traders of $SFLM where they buy in the .0009 > .0050 range as they are expecting .02+ eventually - although of course any low level flipping profits will be different.
Peak bid at .0009 was 83M - $75K - in late session with no significant fills. For much of the day there was also a bid at .0010.
There was also one 29.6M cross trade was noted at 15:52:12 with no effect on the bid (no ask or bid at .0010 at the time and no .0009s counted down).
Overall, 218M shares were traded today. When we get the next share structure update on / around April 11, I expect to see that this volume will make any increase in the last 30 days insignficant in the grand scheme.
The Share Structure was updated as at March 11 with only 281.25M added to the Unrestricted Outstanding Shares count. This was not significant as 821M shares were traded over the 30-day period concerned - including 346M in just 5 of them. More importantly, it looks like at least 4 x $50K Public Offering investments were made and the increased cash flow enabled increased inventory to be acquired each week which resulted in around $400K more in revenue over the period ($256K + $319K + $298K + $362K in Weeks 7-10 compared to a norm of $200K > $230K previously) and $355K in Week 11 and $283K in Week 12. The increased revenue meant that the 2022 estimated total went up to $14.335M - thereby the small share increase has little effect on the correct price for market cap (see detail calculations in the updated DD).
We can expect asks in the .0015 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+.
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 $14.335M 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 March 11, only 7 x such purchases could have been made - 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 predecessor 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].
- Share Structure updated March 11, 2022 and analysis here:
https://investorshangout.com/post/view?id=6361054
The correct market cap price for the anticipated revenue as income ramps up under the Collectibles Marketplace Strategy is currently .0746.
Remember that the price difference between .0010 and .0050 is irrelevant when traded at .01 > .02+ - let alone at .0746 - apart from the additional partial profits taken on the way to the long-term target.
Every 1M bought at .0015 is worth $10.5K profit at .0120.
Every 1M bought at .0020 is worth a $10K profit at .0120 or $18K profit at .02.
Latest DD - updated March 26 - here:
https://investorshangout.com/post/view?id=6370708
$SFLM was the #1 Top Profit Pick and #1 Top Banked Profit stock of 2021 and 2020 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.
- Update on Bitcoin activities (new additioned announced March 31).
- Acquisitions of other collectibles companies - some already in discussions.
- 2022 Q1 Report filing.
- OTCQB uplisting.
13th CEO Video here:
https://vimeo.com/673267050
14th CEO Video here:
https://vimeo.com/675954496
Key Points from 2021 Annual Report showing the excellent progress made:
https://investorshangout.com/post/view?id=6373719
Watch out for the next PR which we can expect to be on one of more of the following:
- Excellent 2021 Annual Report.
- Week 13 sales.
- March 2022 revenue - expected to be an all-time record.
- Further progress of getting the Metaverse Division earning.
The company Tweeted March 30 that it expects this weeks' revenue to be over $300K. There is higher than normal inventory for sale this week and bidding wars have already started.
We already know now that March 2022 will probably be over $1.5M.
I'll be adding up the sales on eBay after the auction closes tonight. Then watch out for a company update on Week 13 revenue after the close on Friday (possible before).
A satisfactory status quo day with all trades within the 25% percentile under .0050 of the .02+ anticipated in 2022.
A lot of traders were following (8,000+ views here as opposed to 7,000+ yesterday, 5,000+ in recent days and more usually 500>1,000+) and buying today after noting the excellent progress made in the first full year of $SFLM being a public company (see link below).
In relatively early trading with the .0011s started and below 10M left, a suspect fake 58M was put up on an undercut ask at .0010 and then cancelled soon after when nobody was duped to trade at .0009.
Later, the same was tried twice more.
On the second occasion, 54M was put up at .0010 and then cancelled again soon after.
On the third occasion, 51M was put up at .0010 and almost immediately bought out completely in 2 individual seconds. Then 17M at .0011 was bought out as well and the .0012s started with only 8M left.
Traders then failed to hit the ask aggressively enough to keep the momentum going and so for the rest of the day the majority of trading occured at .0010.
It was impossible to work out how much was Public Offering buyers from .0008 selling a portion of their 62.5M batch for 25% profit to convert the remainder to free, how much was amateur traders who jumped in today selling even for a commission loss, or how much was wash traded as MM>MM transfers. See contemporaneous earlier posts for some of the detail.
At the end of the day, as has been mentioned for months in the DD and daily Trading Summaries, it makes little difference to the OTC market top long-term continuous traders of $SFLM where they buy in the .0009 > .0050 range as they are expecting .02+ eventually - although of course any low level flipping profits will be different.
Peak bid at .0009 was 83M - $75K - in late session with no significant fills. For much of the day there was also a bid at .0010.
There was also one 29.6M cross trade was noted at 15:52:12 with no effect on the bid (no ask or bid at .0010 at the time and no .0009s counted down).
Overall, 218M shares were traded today. When we get the next share structure update on / around April 11, I expect to see that this volume will make any increase in the last 30 days insignficant in the grand scheme.
The Share Structure was updated as at March 11 with only 281.25M added to the Unrestricted Outstanding Shares count. This was not significant as 821M shares were traded over the 30-day period concerned - including 346M in just 5 of them. More importantly, it looks like at least 4 x $50K Public Offering investments were made and the increased cash flow enabled increased inventory to be acquired each week which resulted in around $400K more in revenue over the period ($256K + $319K + $298K + $362K in Weeks 7-10 compared to a norm of $200K > $230K previously) and $355K in Week 11 and $283K in Week 12. The increased revenue meant that the 2022 estimated total went up to $14.335M - thereby the small share increase has little effect on the correct price for market cap (see detail calculations in the updated DD).
We can expect asks in the .0015 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+.
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 $14.335M 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 March 11, only 7 x such purchases could have been made - 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 predecessor 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].
- Share Structure updated March 11, 2022 and analysis here:
https://investorshangout.com/post/view?id=6361054
The correct market cap price for the anticipated revenue as income ramps up under the Collectibles Marketplace Strategy is currently .0746.
Remember that the price difference between .0010 and .0050 is irrelevant when traded at .01 > .02+ - let alone at .0746 - apart from the additional partial profits taken on the way to the long-term target.
Every 1M bought at .0015 is worth $10.5K profit at .0120.
Every 1M bought at .0020 is worth a $10K profit at .0120 or $18K profit at .02.
Latest DD - updated March 26 - here:
https://investorshangout.com/post/view?id=6370708
$SFLM was the #1 Top Profit Pick and #1 Top Banked Profit stock of 2021 and 2020 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.
- Update on Bitcoin activities (new additioned announced March 31).
- Acquisitions of other collectibles companies - some already in discussions.
- 2022 Q1 Report filing.
- OTCQB uplisting.
13th CEO Video here:
https://vimeo.com/673267050
14th CEO Video here:
https://vimeo.com/675954496
Key Points from 2021 Annual Report showing the excellent progress made:
https://investorshangout.com/post/view?id=6373719
Watch out for the next PR which we can expect to be on one of more of the following:
- Excellent 2021 Annual Report.
- Week 13 sales.
- March 2022 revenue - expected to be an all-time record.
- Further progress of getting the Metaverse Division earning.
The company Tweeted March 30 that it expects this weeks' revenue to be over $300K. There is higher than normal inventory for sale this week and bidding wars have already started.
We already know now that March 2022 will probably be over $1.5M.
I'll be adding up the sales on eBay after the auction closes tonight. Then watch out for a company update on Week 13 revenue after the close on Friday (possible before).
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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.