Trading Summary - August 17. A satisfactory sta
Post# of 7024
A satisfactory status quo day for $SFLM with .0006 stacked mostly by one or more of the scammers, the majority bought at .0005 over the past few days not added to the ask at .0006 and being kept for trading much higher.
Opened with 21.82M left at .0006 - same as at the close yesterday.
On the one occasion a scammer tried painting down at .0005, one of the longs immediately bought up the undercut ask and topped up the bid. at .0005.
Below that, the bid at .0004 was 105M - $42K - which is sufficient to take out .0006 > .0010 when applied to the ask at a time of the bidder(s)' choosing. At present, many of the same OTC market top traders in $SFLM are concentrating on the breakout of another Watch List ticker $INQD towards the .01 > .02 range from .0028 currently.
Overall, 1.45M was bought today at .0005 + .0006.
None of the .0005s bought were added to the ask at .0006.
Closed with 21.82M left at .0006.
When day trades from the scammer(s) trying to hold it back timed out at the close, there was only 7M left at .0006 - same as on August 11-16 - an amount that could easily be taken out at the open any day by an order placed before the open. The key is to do this before the scammer puts the remainder up when the ask isn't hit straight away.
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 August 8 - again no change - no dilution.
There has now been no change / dilution of the Unrestricted Outstanding shares for 289 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 August 1 - here:
https://investorshangout.com/post/view?id=6603296
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.