Trading Summary - May 20. A satisfactory status
Post# of 7028
A 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 there was only 2.5M on the undercut ask at .0009. These were bought out in the opening minutes and the .0010s started. The .0010 ask was reduced by 6M to 21M then 1M was added later. A moron whacked the .0009 bid and created a small undercut ask
Peak bid at .0008 was 44M (same as yesterday after some used to take out .0009 asks).
OTC market top traders who already have the $SFLM shares they need for $6-figure profits at .01>.02 were busy elsewhere for most of the day on Watch List tickers that were moving up / offering reload opportunities: particularly $IJJP $DGWR $ECOX $OTTV $BRGO $ENZC.
Overall, 7.1M shares were traded 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 .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 13 weeks has enabled a much bigger inventory to be bought for sale each week which has now resulted in $1.261M more in revenue over the period [$298K + $319K + $256K + $362K + $355K + $283K + $353K + $311K + $214K + $273K + $253K + $229K + $245K = $3.751M - average $289K per week compared to an average of $192K per week in 2021. This [$289K - $192K] x 13 = $1.261M increase represents 50.5% growth over the past 13 weeks 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 .0785 (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 .0785 - 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.
Key Points - 2022 Q1 here:
https://investorshangout.com/post/view?id=6403329
Latest DD - updated May 15, 2022 - here:
https://investorshangout.com/post/view?id=6403370
$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 for the patient.
Major catalysts ahead in 2022 are:
- Metaverse store opening soon.
- Continued excellent revenue growth from the core Jewelry Division.
- Updates on the Metaverse Division.
- Updates on the NFT Division.
- Updates on Bitcoin activities.
- Acquisitions of other collectibles companies - some already in discussions.
- OTCQB uplisting.
- Further steps / share reductions in the Shareholder Protection Initiative.
14th CEO Video here:
https://vimeo.com/675954496
Corporate Video here:
https://twitter.com/i/status/1512415744105099269
Key Points from the Shareholder Protection Initiative PR'ed April 22, 2022:
https://investorshangout.com/post/view?id=6389152
Key Points - 2022 Q1 Achievements PR Dated May 11, 2022
https://investorshangout.com/post/view?id=6401203
The Metaverse store is opening soon - so there will be about 6 weeks of revenue in the 2022 Q2 period.
Watch out for PRs ahead on one or more of the following:
- Further updates on the Metaverse Division after the store opens.
- Next step in the Shareholder Protection Initiative.
15th CEO Update Video came out today as expected - I'll do a section on Key Points - either tonight or tomorrow - to also include in the next DD update.
Watch out for:
- Company update on Week 20 revenue soon.
- Followed by my update on 2022 revenue for Weeks 1-22 today.
- DD update on Sunday.
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.