Trading Summary - June 14. The OTC market was g
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The OTC market was generally dead again today with many people panicking over the disastrous state of the Biden economy.
However, with news confirming an intention to uplist to NASDAQ or have an IPO, it was a more than satisfactory status quo day for $SFLM today.
As reported contemporaneously, the initial 14M on the ask at .0007 was bought out in the opening second.
Thereafter, ther was additional loading at mainly .0007 buying from the impatient on both the bid and ask and a few people managed to get .0006s from paintdowns.
Overall, 56.7M shares were traded today.
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 they were also fully occupied on other Watch List tickers $ENZC $DGWR $INQD $ECOX $OTTV $PSRU.
It makes little difference to the OTC market top long-term continuous traders of $SFLM where they buy in the .0007 > .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.
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 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.
Key Points - 2022 Q1 here:
https://investorshangout.com/post/view?id=6403329
Corporate Video here:
https://twitter.com/i/status/1512415744105099269
Key Points - CEO 16th Update Video:
https://investorshangout.com/post/view?id=6419422
Latest DD - updated June 10, 2022 - here:
https://investorshangout.com/post/view?id=6419471
$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 into 2023 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 / NASDAQ uplisting or IPO.
- Further steps / share reductions in the Shareholder Protection Initiative.
Watch out for PRs ahead on one or more of the following:
- Further updates on the Metaverse Division.
- Next step in the Shareholder Protection Initiative.
There are still 3 more auctions in 2022 Q2 - closing June 16, 23 and 30
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A very apposite motto for those who trade successfully in the OTC market..
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