Key Points - New Shareholder Protection Initiative
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Posted On: 04/24/2022 1:13:14 PM
Key Points - New Shareholder Protection Initiative PR'ed April 22, 2022
- CEO voluntarily returning 300M shares of common stock to the Company’s treasury.
- This is an initial step in $SFLM's newly initiated shareholder value protection campaign.
- It will reduce outstanding shares to protect SFLMaven shareholders from dilution risk.
- $SFLM's "financial reality has shifted over recent months" - as evidenced by the increased cash flow from several $50K investors during the Public Offering enabling more inventory to be bought each week resulting in an additional $1.1M in sales in just 10 weeks compared to 2021 - "offering an opportunity to drive value for our shareholders in many ways, including proactive measures designed to eradicate dilution risk”.
- The 300M shares being returned is just the first step and alone will reduce the current outstanding shares / float by 15%.
- That is the equivalent of cancelling out the shares sold during the Public Offering that brought in $240K in capital used to make an additional $1.1M.
- The 15% reduction "directly helps our other shareholders access value as the supply of shares drops and the potential for those shares to come into the market as share sales is eliminated."
- SFLMaven management "is committed to establishing a shareholder-friendly relationship with its common stockholders. Cash flows derived directly from operations so far in 2022 have granted the Company room to tighten up its capital structure."
- "Additional proactive measures targeting this agenda will be announced in future communications."
https://www.otcmarkets.com/stock/SFLM/news/st...id=2190730
- CEO voluntarily returning 300M shares of common stock to the Company’s treasury.
- This is an initial step in $SFLM's newly initiated shareholder value protection campaign.
- It will reduce outstanding shares to protect SFLMaven shareholders from dilution risk.
- $SFLM's "financial reality has shifted over recent months" - as evidenced by the increased cash flow from several $50K investors during the Public Offering enabling more inventory to be bought each week resulting in an additional $1.1M in sales in just 10 weeks compared to 2021 - "offering an opportunity to drive value for our shareholders in many ways, including proactive measures designed to eradicate dilution risk”.
- The 300M shares being returned is just the first step and alone will reduce the current outstanding shares / float by 15%.
- That is the equivalent of cancelling out the shares sold during the Public Offering that brought in $240K in capital used to make an additional $1.1M.
- The 15% reduction "directly helps our other shareholders access value as the supply of shares drops and the potential for those shares to come into the market as share sales is eliminated."
- SFLMaven management "is committed to establishing a shareholder-friendly relationship with its common stockholders. Cash flows derived directly from operations so far in 2022 have granted the Company room to tighten up its capital structure."
- "Additional proactive measures targeting this agenda will be announced in future communications."
https://www.otcmarkets.com/stock/SFLM/news/st...id=2190730
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.