Trading Summary - May 23. 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 22M left at .0010 but - yet again - people failed to hit the ask at the open.
As usual, one of the basher / scammers made a few small paint downs at .0008 from an order placed before the open and later.
1M was put on the undercut ask at .0009.
The bid at .0008 remained around 49M all day - up 5M from May 20 - with no significant fills.
Annoyingly, a lot of OTC buying power was wasted today on the #2 jewelry ticker $BRGO which isn't even in the same league as $SFLM. This included continued dilution selling into the bid including 45M at .0007. Whilst $BRGO is good for occasional surge flips into the .0020 > .0030 range, it has overheads from brick and mortar stores and supply chain / manufacturing constraints which $SFLM does not have. It also has an Outstanding Share count that is now 1 Billion greater than $SFLM.
OTC market top traders who already have the $SFLM shares they need for $6-figure profits at .01>.02 were busy elsewhere fall day on Watch List tickers that were moving up / offering reload opportunities: particularly $IJJP $DGWR $ECOX $OTTV $ENZC.
Overall, 2.1M 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 14 weeks has enabled a much bigger inventory to be bought for sale each week which has now resulted in $1.274M more in revenue over the period [$298K + $319K + $256K + $362K + $355K + $283K + $353K + $311K + $214K + $273K + $253K + $229K + $245K + $223K = $3.974M - average $289K per week compared to an average of $192K per week in 2021. This [$283K - $192K] x 14 = $1.274M increase represents 47.4% growth over the past 14 weeks on top of 35% already achieved in 2021.
Overall average revenue per week in 2022 for Weeks 1-20 is $270 - compared to $192 average for the whole of 2021 - which represents 40% growth.
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 .0777 (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 .0777 - apart from the additional partial profits taken on the way to the long-term target.
Every 1M boought at .0010 is worth a $11K profit at .0120.
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
L atest DD - updated May 22, 2022 - here:
https://investorshangout.com/post/view?id=6407898
$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 - most probably this week.
- 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.
Corporate Video here:
https://twitter.com/i/status/1512415744105099269
Key Points - CEO 15th Update Video here:
https://investorshangout.com/post/view?id=6407731
https://vimeo.com/711712239
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 5 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.
Week 21 revenue off to a good start with "Buy It Now" sales of $13,169 already.
SFLMaven, Inc. (SFLM) Stock Research Links
A very apposite motto for those who trade successfully in the OTC market..
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