March 31. A satisfactory quo day for $SFLM on a da
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(Total Views: 138)
Posted On: 03/31/2023 4:10:08 PM
March 31. A satisfactory quo day for $SFLM on a day when there were a lot of distractions in the OTC with other Watch List stocks also moving off or continuing off the bottom ($APRU $IJJP $ECOX $PSRU).
Opened 6.9M .0005 x 16M left at .0005.
Bid peaked at 16.5M .0005 and only 1.025M could be bought on the bid from 2 x small paint downs.
Closed 14.6M .0005 x 16M left at .0006.
With the Annual Report due by April 14, we can expect the .0006s and .0007s to get bought out quickly at any time.
The $50K+ in unused new interest bid funds at .0004 and .0005 are probably sufficient to get into the .0011 > .0020 range if applied to the asks in rapid succession.
The reason $SFLM is so thin to the upside now is explained here:
https://investorshangout.com/post/view?id=6549273
Latest Overview update from March 19 here:
https://investorshangout.com/post/view?id=6550111
No news.
Share Structure updated after the close March 17 - again no change - no dilution.
There has now been no change / dilution of the Unrestricted Outstanding shares for 150 days.
Expect continued movement up over the days and weeks ahead as the new CEO releases details of his acquisition and licensing plans.
It is also anticipated that there will be a name change and ticker change to better align with the new business.
We may see a Share Structure update over the weekend or on Monday - I don't expect there to be an increase given that the CEO is an expert in debt reduction.
Opened 6.9M .0005 x 16M left at .0005.
Bid peaked at 16.5M .0005 and only 1.025M could be bought on the bid from 2 x small paint downs.
Closed 14.6M .0005 x 16M left at .0006.
With the Annual Report due by April 14, we can expect the .0006s and .0007s to get bought out quickly at any time.
The $50K+ in unused new interest bid funds at .0004 and .0005 are probably sufficient to get into the .0011 > .0020 range if applied to the asks in rapid succession.
The reason $SFLM is so thin to the upside now is explained here:
https://investorshangout.com/post/view?id=6549273
Latest Overview update from March 19 here:
https://investorshangout.com/post/view?id=6550111
No news.
Share Structure updated after the close March 17 - again no change - no dilution.
There has now been no change / dilution of the Unrestricted Outstanding shares for 150 days.
Expect continued movement up over the days and weeks ahead as the new CEO releases details of his acquisition and licensing plans.
It is also anticipated that there will be a name change and ticker change to better align with the new business.
We may see a Share Structure update over the weekend or on Monday - I don't expect there to be an increase given that the CEO is an expert in debt reduction.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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