Trading Summary - June 6. Obviously a less than
Post# of 7026
Obviously a less than ideal day today with some deciding to sell for a loss - after they over-reacted or simply didn't understand the Public Offering amendment that was filed late-Friday - to large-scale buyers at .0007 and .0006.
All significant trades were covered in contemporaneous earlier posts - but of most significance were:
- 50M buy on bid at .0006 - $30K.
- Walked down ask at .0007 bought out twice - with 1.7M left by the close.
- 85M bid at .0006 - $51K - by the close.
My assessment on the Public Offering - which is working out as intended - is covered in detail in the updated DD (see link below).
Top traders of $SFLM are playing a waiting game as evidenced by the 500>1000+ views on the main board for it here every day.
Overall, 203M shares were traded today - 2.25 x the small 90M increase in the Unrestricted Outstanding share count April 27 > June 3.
It makes little difference to the OTC market top long-term continuous traders of $SFLM where they buy in the .0006 > .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 .0007 > .0015.
The Share Structure was updated on June 3, 2022 showing no significant dilution of the Unrestricted Outstanding share count - only 90M April 27 > June 3 - see DD for additional comments.
The increased cash available from the Public Offering over the past 16 weeks has enabled a much bigger inventory to be bought for sale each week which has now resulted in $1.424M more in revenue over the period [$298K + $319K + $256K + $362K + $355K + $283K + $353K + $311K + $214K + $273K + $253K + $229K + $245K + $245K + $241K + $257K = $4.494M - average $281K per week compared to an average of $192K per week in 2021. This [$281K - $192K] x 16 = $1.424M increase represents 46.35% growth over the past 16 weeks on top of 35% already achieved in 2021.
Overall average revenue per week in 2022 for Weeks 1-22 is $270 - compared to $192 average for the whole of 2021 - which represents 40.62% growth.
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 .0729.
Key Points - 2022 Q1 here:
https://investorshangout.com/post/view?id=6403329
Latest DD - updated June 5, 2022 - here:
https://investorshangout.com/post/view?id=6415606
$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:
- 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
There will be just under 4 weeks of Metaverse 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.
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.