Trading Summary - July 17. A more than satisfac
Post# of 7024
A more than satisfactory status quo day for $SFLM with .0008 being the only price available for one or two traders wanting to add significant amounts to their inventory of shares for trading at much higher prices later.
As reported contemporaneously, the small undercut asks at .0007 were taken out twice for 1.796M and 816,500 and the .0008s were back up with only 19M there - showing that very few of the .0007s bought since the .0008s were walked down from .0009 have been put there for a 1-tick flip.
4.4M of the 50M+ bid at .0006 was moved up to .0007
Overall, 4.2M was bought today.
Only 1.2M could be bought at .0006 from a failed paint down attempt early on.
Ahead, I still expect $SFLM to play out as outlined in the Overview - based on detailed observation of what volume was picked up where on the way down from the last run to .02:
- Probably only a few M .0011>.0020
- Then much thinner - a few 100K - .0021 to the .01>.02 range.
Always watch for a potential gap up to be indicated by MMs before every open - based on pre-open ask buy orders placed by traders who want to add as many shares as possible to their inventory before the .0010+ breakout - and cancel any left over asks under the gap up price.
We know that there has been no dilution since the new CEO took over and that the SEC has prohibited any further selling of non-registered shares by the previous CEO.
Share Structure updated July 7 - again no change - no dilution.
There has now been no change / dilution of the Unrestricted Outstanding shares for 258 days.
WY SOS record updated on May 12, 2023 - see Overview for details.
New CEO started updating the Company Profile at otcmarkets.com on June 30, 2023 - see Overview for details.
Latest Overview - updated July 5 - here:
https://investorshangout.com/post/view?id=6593125
Expect further movement up over the days, weeks and months 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.
Deep Power, Inc - one of the potential candidates to possibly go public via a reverse merger with $SFLM - resumed updates on its LinkedIn account recently after a gap of several months.
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.