Trading Summary - April 5. A satisfactory statu
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(Total Views: 180)
Posted On: 04/05/2022 4:16:02 PM
Trading Summary - April 5.
A satisfactory status quo day with all trades within the 25% percentile under .0050 of the .02+ anticipated in 2022.
MM OTCX was at .0012 throughout the day.
The majority of buys were at .0011 both on the ask and on the bid.
Any undercut asks at . 0011 were bought out whenever they appeared.
Amateur low-level flippers are stacking just a little too much at .0012 to enable the required hail mary buys to take out everything .0012 + .0013 at once - this gets exacerbated by some who get .0011s putting them up at .0012.
As a result, new interest buying power expended - which would normally have been enough to get a .0020+ break - is enabling some to get relatively cheap shares.
Any bid funds moved up to .0011 from the original 48M at the close yesterday / open today got topped up to 50M by the close today.
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 .0011 > .0050 range as they are expecting .02+ eventually - although of course any low level flipping profits will be different.
Overall, 35M shares were traded today - mostly at .0011.
The Share Structure was updated as at March 31, 2022 (appeared today so not in the latest version of the DD).
Only 93.75M shares were added March 12 > March 31. This is not significant to the top continuous traders of $SFLM as 825M shares have been traded during the period and since.
The increased cash available from the Public Offering over the past 7 weeks has enabled a much bigger inventory to be bought for sale each week which has now resulted in over $700K more in revenue over the period [$298K + $319K + $256K + $362K + $355K + $283K + $353K = $2.226M - average over $318K per week compared to an average of $192K per week in 2021. This represents 65% growth so far in 2022 on top of 35% already achieved in 2021.
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+.
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 additional 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 31, only 8 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 31:
-- The O/S went up by 93.75M during the period March 12 > March 31.
-- Floats are rarely updated in the OTC and it is therefore the Unrestricted O/S which is the worst case relevant to current trading.
-- All that has happened is the the figure shown for the Float as at March 31 is now aligned with current Unrestricted O/S: 1,306,270,942 (as at March 11) + 93,750,000 = 1,400,020,942.
The correct market cap price for the anticipated revenue as income ramps up under the Collectibles Marketplace Strategy is now .0727 (was .0746 last week before the increase).
Remember that the price difference between .0012 and .0050 is irrelevant when traded at .01 > .02+ - let alone at .0727 - 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 April 3, 2022 - here:
https://investorshangout.com/post/view?id=6376200
$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.
- Updates 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 or more of the following:
- Week 13 sales of $353K.
- March 2022 revenue of $1.609M - expected to be an all-time record.
- 2022 Q1 revenue of $3.661M - probably 40%+ up on 2021 Q1.
- Further progress of getting the Metaverse Division earning.
- Attendence at the Miami Bitcoin Conference.
A satisfactory status quo day with all trades within the 25% percentile under .0050 of the .02+ anticipated in 2022.
MM OTCX was at .0012 throughout the day.
The majority of buys were at .0011 both on the ask and on the bid.
Any undercut asks at . 0011 were bought out whenever they appeared.
Amateur low-level flippers are stacking just a little too much at .0012 to enable the required hail mary buys to take out everything .0012 + .0013 at once - this gets exacerbated by some who get .0011s putting them up at .0012.
As a result, new interest buying power expended - which would normally have been enough to get a .0020+ break - is enabling some to get relatively cheap shares.
Any bid funds moved up to .0011 from the original 48M at the close yesterday / open today got topped up to 50M by the close today.
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 .0011 > .0050 range as they are expecting .02+ eventually - although of course any low level flipping profits will be different.
Overall, 35M shares were traded today - mostly at .0011.
The Share Structure was updated as at March 31, 2022 (appeared today so not in the latest version of the DD).
Only 93.75M shares were added March 12 > March 31. This is not significant to the top continuous traders of $SFLM as 825M shares have been traded during the period and since.
The increased cash available from the Public Offering over the past 7 weeks has enabled a much bigger inventory to be bought for sale each week which has now resulted in over $700K more in revenue over the period [$298K + $319K + $256K + $362K + $355K + $283K + $353K = $2.226M - average over $318K per week compared to an average of $192K per week in 2021. This represents 65% growth so far in 2022 on top of 35% already achieved in 2021.
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+.
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 additional 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 31, only 8 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 31:
-- The O/S went up by 93.75M during the period March 12 > March 31.
-- Floats are rarely updated in the OTC and it is therefore the Unrestricted O/S which is the worst case relevant to current trading.
-- All that has happened is the the figure shown for the Float as at March 31 is now aligned with current Unrestricted O/S: 1,306,270,942 (as at March 11) + 93,750,000 = 1,400,020,942.
The correct market cap price for the anticipated revenue as income ramps up under the Collectibles Marketplace Strategy is now .0727 (was .0746 last week before the increase).
Remember that the price difference between .0012 and .0050 is irrelevant when traded at .01 > .02+ - let alone at .0727 - 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 April 3, 2022 - here:
https://investorshangout.com/post/view?id=6376200
$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.
- Updates 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 or more of the following:
- Week 13 sales of $353K.
- March 2022 revenue of $1.609M - expected to be an all-time record.
- 2022 Q1 revenue of $3.661M - probably 40%+ up on 2021 Q1.
- Further progress of getting the Metaverse Division earning.
- Attendence at the Miami Bitcoin Conference.
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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.