Trading Summary - June 7. A satisfactory status
Post# of 7026
A satisfactory status quo day for $SFLM today.
Before the open, we got news that the Week 22 revenue was $29K more than the provisional figure I came up with for just eBay. I have adjusted the 2022 Revenue upwards accordingly:
https://investorshangout.com/post/view?id=6416560
At the open there was a failed paint down trade of 1M at .0006 (from an order placed before the open) accompanied by the usual disinformarion nonsense on an amateur forum.
Nobody was duped to trade any amount fo significance at .0006 where the bid was ramped up to a peak of 89M (higher than yesterday).
As reported, contemporaneously, any undercut asks at .0007 were bought out and the .0008s were started again. Moronic one-tick flippers started with 48M at .0008 yesterday reduced to 43M just before the close.
My assessment on the Public Offering - which is working out as intended - is covered in detail in the latest 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. Today there were fully occupied on the start of the breakout of $PSRU towards .01>.02+ range on the excellent 2022 Q1 and exit from the Public Offering.
Overall, 10M shares were traded today - mainly taking out any undercut ask .0007s around 2M at a time..
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 .0008 > .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 $1.440M more in revenue over the period [$298K + $319K + $256K + $362K + $355K + $283K + $353K + $311K + $214K + $273K + $253K + $229K + $245K + $245K + $241K + $286K = $4.523M - average $282K per week compared to an average of $192K per week in 2021. This [$282K - $192K] x 16 = $1.440M increase represents 46.87% 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 $271K - compared to $192K average for the whole of 2021 - which represents 41.14% 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 .0733.
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.
Week 23 revenue is off to a good start with bidding wars starting already - I'll do an update snapshot later today.
SFLMaven, Inc. (SFLM) Stock Research Links
A very apposite motto for those who trade successfully in the OTC market..
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