Trading Summary - May 6. Another satisfactory s
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Posted On: 05/06/2022 4:18:31 PM
Trading Summary - May 6.
Another satisfactory status quo day for $SFLM - all trades were still around 5%>10% of the anticipated .01 > .02 expected at some point ahead.
At the open, left over undercut asks .0009 were not taken out aggressively enough with buys set at .0010. Of the peak of 14M at .0009, 4M were bought out.
Bid at .0008 at the open was 58M with no significant fills since the last run to .0013 - just a total of 1.86M from 5 x small paint downs.
Also, OTC market top traders who already have the $SFLM shares they need for $6-figure profits at .01>.02 were busy elsewhere on Watch List tickers that were moving up / offering reload opportunities: particularly $ENZC $BRGO $ECOX $INQD.
Overall, 6.3M shares were traded today - the majority loading .0009s.
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 .0010 > .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 ticks 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 .0010 > .0015.
The Share Structure was updated as at April 26 - details and analysis here:
https://investorshangout.com/post/view?id=6391191
The increased cash available from the Public Offering over the past 12 weeks has enabled a much bigger inventory to be bought for sale each week which has now resulted in $1.200M more in revenue over the period [$298K + $319K + $256K + $362K + $355K + $283K + $353K + $311K + $214K + $273K + $253K + $229K = $3.506M - average $292K per week compared to an average of $192K per week in 2021. This [$292K - $192K] x 12 = $1.200M increase represents 52% 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 still .0788 (thanks to the 206.25M net share reduction).
Remember that the price difference between .0010 and .0050 is irrelevant when traded at .01 > .02+ - let alone at .0788 - 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 May 1, 2022 - here:
https://investorshangout.com/post/view?id=6393977
$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 - due around May 17 with only 6 trading days left prior.
- OTCQB uplisting.
- Further steps / share reductions in the Shareholder Protection Initiative.
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
Key Points from the Shareholder Protection Initiative PR'ed April 22, 2022:
https://investorshangout.com/post/view?id=6389152
The PR that came out on May 5 had the pleasant surprise that the Metaverse store would open earlier than perhaps most would have expected - May 18 - so there will be 6 weeks of revenue in the 2022 Q2 period.
Watch out for PRs ahead on one or more of the following:
- Week 18 results (probably next Tuesday).
- 2022 Q1 results.
- Further updates on the Metaverse Division after the store opens on May 18.
- Next step in the Shareholder Protection Initiative.
I'll be updating the DD as usual over the weekend - probably on Sunday.
Another satisfactory status quo day for $SFLM - all trades were still around 5%>10% of the anticipated .01 > .02 expected at some point ahead.
At the open, left over undercut asks .0009 were not taken out aggressively enough with buys set at .0010. Of the peak of 14M at .0009, 4M were bought out.
Bid at .0008 at the open was 58M with no significant fills since the last run to .0013 - just a total of 1.86M from 5 x small paint downs.
Also, OTC market top traders who already have the $SFLM shares they need for $6-figure profits at .01>.02 were busy elsewhere on Watch List tickers that were moving up / offering reload opportunities: particularly $ENZC $BRGO $ECOX $INQD.
Overall, 6.3M shares were traded today - the majority loading .0009s.
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 .0010 > .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 ticks 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 .0010 > .0015.
The Share Structure was updated as at April 26 - details and analysis here:
https://investorshangout.com/post/view?id=6391191
The increased cash available from the Public Offering over the past 12 weeks has enabled a much bigger inventory to be bought for sale each week which has now resulted in $1.200M more in revenue over the period [$298K + $319K + $256K + $362K + $355K + $283K + $353K + $311K + $214K + $273K + $253K + $229K = $3.506M - average $292K per week compared to an average of $192K per week in 2021. This [$292K - $192K] x 12 = $1.200M increase represents 52% 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 still .0788 (thanks to the 206.25M net share reduction).
Remember that the price difference between .0010 and .0050 is irrelevant when traded at .01 > .02+ - let alone at .0788 - 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 May 1, 2022 - here:
https://investorshangout.com/post/view?id=6393977
$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 - due around May 17 with only 6 trading days left prior.
- OTCQB uplisting.
- Further steps / share reductions in the Shareholder Protection Initiative.
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
Key Points from the Shareholder Protection Initiative PR'ed April 22, 2022:
https://investorshangout.com/post/view?id=6389152
The PR that came out on May 5 had the pleasant surprise that the Metaverse store would open earlier than perhaps most would have expected - May 18 - so there will be 6 weeks of revenue in the 2022 Q2 period.
Watch out for PRs ahead on one or more of the following:
- Week 18 results (probably next Tuesday).
- 2022 Q1 results.
- Further updates on the Metaverse Division after the store opens on May 18.
- Next step in the Shareholder Protection Initiative.
I'll be updating the DD as usual over the weekend - probably on Sunday.
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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.