A less than satisfactory day today after people failed to hit the ask aggressively enough at the open for several days when it would have been easy to get the .0015+ break from relatively low asks at .0013 and .0014.
At the open, the 35M that had been at .0011 yesterday was reduced to 23M and MM OTCX was at .0012.
When people failed to take the .0011s out, the usual pattern of the last 16 months set in with OTCX moving down to .0011, impatient amateurs trading on the bid at .0010 and - when people still failed to hit the lowered ask - OTCX trading on the bid at .0010 and .0009. This probably means that the basher / scammer(s) who flip for one tick have been able to buy on the bid.
Undercut ask .0009s were rapidly bought out and the .0010s up by the close.
Bid at .0008 was 66M+.
Top OTC market traders who are long on $SFLM and already have large enough holdings for $6-figure profits in the .01 > .02 range don't need to be fighting the basher / scammers for shares down here and were therefore chose to concentrate on the currently easier trades like $DGWR $INQD $APRU $IJJP $BRGO.
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 .0008 > .0050 range as we are expecting .02+ eventually - although of course any low level flipping profits will be different.
If people fail to hit the ask aggressively across multiple tickes at the open, legacy debt holders will sell and Public Offering investors will continue to convert a portion of their holdings to free at current levels.
Overall, 78M shares were traded today - mainly at .0009 + .0010.
The Share Structure was updated as at March 31, 2022.
Only 93.75M shares were added March 12 > March 31. This is not significant to the top continuous traders of $SFLM as 1114M shares have been traded during the period and since.
The increased cash available from the Public Offering over the past 8 weeks has enabled a much bigger inventory to be bought for sale each week which has now resulted in over $1M more in revenue over the period [$298K + $319K + $256K + $362K + $355K + $283K + $353K + $311K = $2.537M - average over $317K per week compared to an average of $192K per week in 2021. This [$317K - $192K] x 8 = $1M increase 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 correct market cap price for the anticipated revenue as income ramps up under the Collectibles Marketplace Strategy is now .0732.
Remember that the price difference between .0012 and .0050 is irrelevant when traded at .01 > .02+ - let alone at .0732 - 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 10, 2022 - here:
https://investorshangout.com/post/view?id=6380675
$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
Corporate Video here:
https://twitter.com/i/status/1512415744105099269
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:
- 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.
I'll be updating Week 15 revenue so far later today and possibly also before the open tomorrow (depending on how much else is going on).
SFLMaven, Inc. (SFLM) Stock Research Links
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.