Trading Summary - August 23. A huge pivotal day
Post# of 7110
(Total Views: 157)
Posted On: 08/23/2023 7:08:21 PM
Trading Summary - August 23.
A huge pivotal day for $SFLM with the following updates at otcmarkets.com indicating that this ticker is now receiving more detailed attention from the new CEO amongst all the other businesses he is involved in:
- New Business Description: Holding company for companies purchased and operated under SFLM.
- New Product Services Description: Holding company that acquires companies in the public markets.
- New SIC - Industry Classification: 6794 - Patent owners and lessors.
- SFLM Maven workspace in FL divested and replaced by: Distributed Work Force.
- Out of date 2nd entry with old CEO Joseph Ladin removed - new CEO had already been added on June 30.
- Company Profile upgraded to Verified.
Summary of the significant action today:
- Opened with: 21.38M left at .0006.
- Early trading before the update was spotted: 2.75M + 2.5M buys at .0006.
- Updates spotted: 17M+ bought .0006 at 13:55 - .0007 up
- 17M+ .0007s bought at 13:56 > 14:47 - including buys of 6M + 8M - .0008s up.
- Additional 4.75M bought at .0007 by 15.27 - no further .0007s fills by close.
- 7.7M bought at .0008 by close.
- 14.2M shown remaining at .0008 after the close - peak had been 26M+.
- 30M bid at .0006 after uptick never filled - former bidders at .0004 + .0005 had to chase.
- 20M bid still showing at .0006 via 3 x MMs with 2 x MMs above at .0007 at close.
- Closed at .0008 from .0006 ask at open.
- Total 96M traded.
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 22 - again no change - no dilution.
There has now been no change / dilution of the Unrestricted Outstanding shares for 295 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 with multiple further updates on August 23, 2023.
Overview update to follow tonight.
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
A huge pivotal day for $SFLM with the following updates at otcmarkets.com indicating that this ticker is now receiving more detailed attention from the new CEO amongst all the other businesses he is involved in:
- New Business Description: Holding company for companies purchased and operated under SFLM.
- New Product Services Description: Holding company that acquires companies in the public markets.
- New SIC - Industry Classification: 6794 - Patent owners and lessors.
- SFLM Maven workspace in FL divested and replaced by: Distributed Work Force.
- Out of date 2nd entry with old CEO Joseph Ladin removed - new CEO had already been added on June 30.
- Company Profile upgraded to Verified.
Summary of the significant action today:
- Opened with: 21.38M left at .0006.
- Early trading before the update was spotted: 2.75M + 2.5M buys at .0006.
- Updates spotted: 17M+ bought .0006 at 13:55 - .0007 up
- 17M+ .0007s bought at 13:56 > 14:47 - including buys of 6M + 8M - .0008s up.
- Additional 4.75M bought at .0007 by 15.27 - no further .0007s fills by close.
- 7.7M bought at .0008 by close.
- 14.2M shown remaining at .0008 after the close - peak had been 26M+.
- 30M bid at .0006 after uptick never filled - former bidders at .0004 + .0005 had to chase.
- 20M bid still showing at .0006 via 3 x MMs with 2 x MMs above at .0007 at close.
- Closed at .0008 from .0006 ask at open.
- Total 96M traded.
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 22 - again no change - no dilution.
There has now been no change / dilution of the Unrestricted Outstanding shares for 295 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 with multiple further updates on August 23, 2023.
Overview update to follow tonight.
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
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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.