$SFLM Overview - As At September 17, 2023
Backstory
- From October 2020 to November 2022, SFLMaven Corp - ticker $SFLM [formerly $SKDI to March 2021] - comprised only the wholly owned subsidiary SFLMaven of Florida, LLC - a Top Rated eBay seller of jewelry in business for 19+ years.
- Despite SFLMaven of Florida, LLC increasing gross revenue by 35% in 2021 over 2020 - and being on track for a further 15%>20% increase in 2022, it was still operating at a net loss in 2022 Q3 after taking into account large past adjustments for eBay seller's fees in earlier backdated periods.
"New" SFLMaven Corp [$SFLM] - Effective November 15, 2022 Onwards
On November 15, 2022, it was PR'ed that:
- Chad MacKay had been appointed as Chairman and CEO of SFLMaven Corp [replacing Joe Ladin].
- He will oversee the launch of the Company’s new business plan that focuses on acquisitions or technology licensing opportunities.
- The Company will focus on identifying companies and/or technologies that could be impactful in their respective industries.
- Chad MacKay is the co-founder and managing partner of Loyal Companies, a private equity firm focusing on mergers and acquisitions.
- The Company’s previous Chairman and CEO, Joseph Ladin, resigned as Chairman and CEO as part of these changes.
- SFLMaven Corp decided to divest of its operating subsidiary, SFLMaven of Florida, LLC and this was completed as planned in November 2022.
- The 2022 Annual Report was filed on April 17, 2023 signed by the new CEO.
- The $SFLM record with WYSOS was updated on May 12, 2023 showing:
-- Now Active - Current.
-- Upgraded to in Good Standing for Tax and all other categories.
-- Changed the registered Principal Office address to Salt Lake City, UT after divesting the previous loss-making business in FL.
- The $SFLM record at otcmarkets.com started to get updated on June 30, 2023, as follows:
-- New HQ address in UT: now 12884 S Frontrunner Blvd, Draper, UT 84020.
--- Interior views of the upscale corporate workspace suites in this building here:
https://d3vfz99dlfnk1r.cloudfront.net/uploads...397477.jpg
https://d3vfz99dlfnk1r.cloudfront.net/uploads...65b551.jpg
-- Chad MacKay added as CEO, CFO and Sec.
-- Website for divested subsidiary SFL Maven of FL removed.
- Multiple further updates at otcmarkets.com on August 23, 2023:
-- 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.
$SFLM CEO - Chad MacKay
- Prior to joining Loyal Companies, Chad MacKay was founder and managing partner of Kai Data Companies.
- He has been actively involved as a director with other companies and organizations. Among the boards on which he serves currently and in the past are: Loyal Companies, Revvu, Cumulus, Cumulus Advanced Technologies, Kai Data, Vulcan7, Espresso Agent, Team Leads, Bear River Management Group, Kai Insurance, Synergy Holdings, RAD, Loyal Technologies, Trustee for Chase N' Heaven and Brother's Keeper.
- In the November 15, 2022 PR he stated:
- “I am very excited to become a part of SFLMaven Corp as the Company’s Chairman and CEO."
- "I have been in private equity for the past 15 years and have done a lot of exciting deals."
- "Our team has built an impressive deal flow of prospects that c ould be acquired or technology that could be licensed by SFLM.”
- “Our goal will be to add acquisitions and/or licensing agreements to technologies that we believe will be accretive to the Company and our Shareholders. For example, we are working with one credible University on some amazing technologies in the lithium mining industry that could be really important to the future of electric batteries."
- "Where it makes sense to focus on specific verticals, we will. If we find Companies that could benefit by being a part of the SFLM family of companies we will evaluate those.
- "We have an aggressive team and look forward providing more detailed updates in the near future.”
$SFLM CEO Linkedin Profile:
https://www.linkedin.com/in/chad-mackay-2b3417156
Loyal Companies website: https://www.loyalcompanies.com/
"New" $SFLM PRs Since November 15, 2022
Ongoing PR campaign with 1 release to date.
News - November 15. SFLMaven Corp. Announces the Appointment of Chad MacKay as Chairman and CEO and Announces New Business Plan.
https://www.otcmarkets.com/stock/SFLM/news/SF...?id=380331
2022 Annual Report
Confirmed that:
- The loss-making subsidiary SFL Maven of Florida LLC had been divested as planned in November 2022.
- The new business direction was still as described in the last PR - technology licensing and / or acquisition with a promising lead being lithium mining for batteries.
Current Tier - OTC Pink Limited
"OTC Markets Group has confirmed that this company has limited disclosure or financial information publicly available, but meets a minimum requirement for public quoting under Rule 15c2-11."
The Company Profile was recently Verified.
Accordingly, as $SFLM is on the Alternate Reporting Standard, no further filings are necessary to remain OTC Pink Limited until 16 months after the next Annual Report is due - so until April 2025.
To upgrade to OTC Pink Current would require the 2023 Q1 + Q2 and an Attorney Opinion Letter.
https://www.otcmarkets.com/files/15c2-11%20Tier%20Chart.pdf
Share Structure - Updated August 22, 2023
Transfer Agent Verified Profile - updated at least monthly.
Authorized Shares: 5,000,000,000 [same as in January 2020]
Outstanding Shares: 2,238,709,801 [no change]
Restricted: 219,001,359 [no change]
Unrestricted: 2,019,708,442 [no change]
Note1: It is only the Unrestricted Outstanding Shares count that is relevant to immediate trading. This is relatively low at 2.02B for a stock in the .0010 > .25 price range.
Note 2: There has now been no change to the Unrestricted Outstanding Shares November 2 > September 17 - total 320 days.
Trading Patterns - Previous Business Model - 2021 > November 14, 2022
Note 1: Details of runs in 2019 and 2020 of up to 433% have been deleted - still available to view in the contemporaneous record here.
Note 2: Now that we are expecting runs of 1000% > 2000% in 2023 from current levels, details of 8 x runs less than 84% in 2021 prior to the main move up have been deleted .
2021
Started breakout from .0038 (previous close) > .0050 on January 6, 2021
Ran from .0052 > .0064 on February 9 - 23%
Ran from .0062 > .0080 on February 10 - 29%
Ran from .0073 > .0091 on February 11 - 25%
Ran from .0070 > .0088 on February 18 - 26%
Ran from .0076 > .0091 on March 3 - 20%
Ran from .0086 (previous close) > .0197 (then new 2021 high) on March 24 - 129%
Ran from .0092 (previous close) > .0169 on March 29 on just under 99M traded - 84%
Ran from .0169 (previous close) > .0200 (new 2021 high) on March 30 - 18%
Ran from .0127 (previous close) > .0160 on April 1 on just 28M traded - 26%
Ran from .0098 (previous close ) > .0119 on April 8 - 21%
Ran from .0060 (previous close) > .0117 on July 15 - 95%
Ran from .0018 (days prior) > .0030 by December 14 - 66%
2022
Ran from .0018 > .0024 on February 4 - 33%
Ran from .0008 > .0014 by March 7+8 - 75%
Ran from .0008 (previous close ask) > .0011 on April 22 - 37.5%
Ran from .0009 (previous close ask) > .0012 on April 27 - 33%
Ran from .0007 (available previously) > .0012 on September 7 - 71%
Ran from .0005 (previous close) > .0007 on September 30 - 40%
Trading Patterns - New Business Model - November 15, 2022 Onwards
2022
Ran from .0004 > .0007 on November 15 - 75%
Ran from .0007 > .0010 on November 18 - 43%
2023
Moved up from .0004 > .0005 on February 16 - 25%
Moved up from .0005 > .0006 on March 16 - 20%
Started breakout on July 5, 2023 - undercut ask of 20M at .0005 bought out
Ran from .0005 > .0009 on July 5 - 80%
Ran from .0006 > .0008 on August 23 - 33%
Ran from .0008 > .0012 on August 24 - 50%
Ran from .0009 > .0013 on August 25 - 44%
Started breakout above the previous 52-week high of .0012 on August 25 towards the .01 > .02+ range achieving .0013 by the close
Suspect shorted back to .0008 on August 30
Moved .0008 (previous close) > .0010 on August 31 - 25%
Moved .0008 > .0010 on September 12 - 25%
Moved .0008 > .0010 on September 13 - 25%
.0010s almost bought out on September 15
With confirmation of the CEO change, the 2022 Annual Report filed, WY SOS updates of May 12 and now the latest Company Profile updates at otcmarkets.com on August 23, including the SIC change to "patent owners and lessors", we should see significant additional buying in the near future and over the next few weeks/months into 2024.
As of August 27, 2023, there is now significantly increased trader awareness - at least 51 OTC market top traders each with a significant following in the 3K > 49K range (up 10 in 3 weeks) + 66 others (up 42 in 3 weeks) each with a following in 100 > 999 range on $SFLM.
Expect a dramatic move up anytime we get sufficiently large buys set across several successive asks - as happened on November 15 and November 18, 2022.
We should get past any remaining mass 1-tick flippers by .0015 and get back to a more normal few M per .0001 from .0016 > .0020 then much thinner still after that - typically 200K > 500K per .0001 - all the way to the .01>.02+ range IMO based on detailed record keeping over the last few years since $SFLM was last at .02.
Only long-term holders (over 12 months) who believe the company will go back to .01 > .02 range have any shares with a cost basis over .0012 now.
As with all my long-term top picks, knowing who got what where - relative to you by process of elimination - is important when deciding the ratio of shares to keep long-term vs locking in partial profits at peaks in the .01 > .02+ range - as is patience - this is a long-term play throughout 2023 and into 2024.
Performance and Outlook
$SFLM will remain a potential top profit pick for me throughout 2023 and into 2024 for self-evident reasons in this Overview.
Performance in each year 2020 > 2022 has shown that it pays to be ready at all times for surges with tradeable lots from multiple price points - not just trying to get the cheapest of the year and stretch them.
Continued large profit trading opportunities are anticipated ahead throughout 2023 and future years for those who maintain a large inventory of shares at a variety of price points. Having plenty of shares - you don't need the cheapest - avoids the need to chase every time it runs.
With some OTC tickers now adding 10 Billion - even 50 Billion - shares per update, $SFLM remains one of the thinnest sub .02 tickers in the OTC with an immediately tradeable Unrestricted Outstanding shares count of only 2.019 Billion unchanged for 320 days as at September 17, 2023.
Cancel any left over ask sell orders at close to get the maximum gap up at each open.
Expect .02+ at some point ahead in 2023 / later years and watch out for the following catalysts:
- Momentum move up ahead of updates through former long-term bidders and new interest taking the small offered asks thereby causing bidders to commit to ask buying while they still can under .0020 / .0050.
- Updates on the "impressive deal flow of prospects that could be acquired or technology that could be licensed by SFLM” [source: PR November 15, 2022]
- Updates on the lithium mining initiative for batteries.
- Updates on acquisitions, patents and licensing.
- Possible name change.
- Possible ticker change.
SEC Action Against Actions Of Previous CEO - Matter Now Closed
The SEC had been investigating the old company under the previous CEO for selling unregistered offerings October 10, 2019 up to December 9, 2021. This accounted for why share increases declared monthly at otcmarkets.com during that period appeared to be insignificant compared to the total volume traded in each period. The matter is now closed with $SFLM agreeing to pay a $25K fine in quarterly installments.
SEC notices linked here:
https://www.sec.gov/news/press-release/2023-9...ovdelivery
https://www.sec.gov/files/litigation/admin/2023/33-11188.pdf
Not a financial advisor - just stating what I'm basing my trading decisions on.
I will be holding some $SFLM in my portfolio throughout 2023 and into 2024 for long-term growth, trading some on surges from the bottom up too and reloading on any dips.
Backstory
- From October 2020 to November 2022, SFLMaven Corp - ticker $SFLM [formerly $SKDI to March 2021] - comprised only the wholly owned subsidiary SFLMaven of Florida, LLC - a Top Rated eBay seller of jewelry in business for 19+ years.
- Despite SFLMaven of Florida, LLC increasing gross revenue by 35% in 2021 over 2020 - and being on track for a further 15%>20% increase in 2022, it was still operating at a net loss in 2022 Q3 after taking into account large past adjustments for eBay seller's fees in earlier backdated periods.
"New" SFLMaven Corp [$SFLM] - Effective November 15, 2022 Onwards
On November 15, 2022, it was PR'ed that:
- Chad MacKay had been appointed as Chairman and CEO of SFLMaven Corp [replacing Joe Ladin].
- He will oversee the launch of the Company’s new business plan that focuses on acquisitions or technology licensing opportunities.
- The Company will focus on identifying companies and/or technologies that could be impactful in their respective industries.
- Chad MacKay is the co-founder and managing partner of Loyal Companies, a private equity firm focusing on mergers and acquisitions.
- The Company’s previous Chairman and CEO, Joseph Ladin, resigned as Chairman and CEO as part of these changes.
- SFLMaven Corp decided to divest of its operating subsidiary, SFLMaven of Florida, LLC and this was completed as planned in November 2022.
- The 2022 Annual Report was filed on April 17, 2023 signed by the new CEO.
- The $SFLM record with WYSOS was updated on May 12, 2023 showing:
-- Now Active - Current.
-- Upgraded to in Good Standing for Tax and all other categories.
-- Changed the registered Principal Office address to Salt Lake City, UT after divesting the previous loss-making business in FL.
- The $SFLM record at otcmarkets.com started to get updated on June 30, 2023, as follows:
-- New HQ address in UT: now 12884 S Frontrunner Blvd, Draper, UT 84020.
--- Interior views of the upscale corporate workspace suites in this building here:
https://d3vfz99dlfnk1r.cloudfront.net/uploads...397477.jpg
https://d3vfz99dlfnk1r.cloudfront.net/uploads...65b551.jpg
-- Chad MacKay added as CEO, CFO and Sec.
-- Website for divested subsidiary SFL Maven of FL removed.
- Multiple further updates at otcmarkets.com on August 23, 2023:
-- 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.
$SFLM CEO - Chad MacKay
- Prior to joining Loyal Companies, Chad MacKay was founder and managing partner of Kai Data Companies.
- He has been actively involved as a director with other companies and organizations. Among the boards on which he serves currently and in the past are: Loyal Companies, Revvu, Cumulus, Cumulus Advanced Technologies, Kai Data, Vulcan7, Espresso Agent, Team Leads, Bear River Management Group, Kai Insurance, Synergy Holdings, RAD, Loyal Technologies, Trustee for Chase N' Heaven and Brother's Keeper.
- In the November 15, 2022 PR he stated:
- “I am very excited to become a part of SFLMaven Corp as the Company’s Chairman and CEO."
- "I have been in private equity for the past 15 years and have done a lot of exciting deals."
- "Our team has built an impressive deal flow of prospects that c ould be acquired or technology that could be licensed by SFLM.”
- “Our goal will be to add acquisitions and/or licensing agreements to technologies that we believe will be accretive to the Company and our Shareholders. For example, we are working with one credible University on some amazing technologies in the lithium mining industry that could be really important to the future of electric batteries."
- "Where it makes sense to focus on specific verticals, we will. If we find Companies that could benefit by being a part of the SFLM family of companies we will evaluate those.
- "We have an aggressive team and look forward providing more detailed updates in the near future.”
$SFLM CEO Linkedin Profile:
https://www.linkedin.com/in/chad-mackay-2b3417156
Loyal Companies website: https://www.loyalcompanies.com/
"New" $SFLM PRs Since November 15, 2022
Ongoing PR campaign with 1 release to date.
News - November 15. SFLMaven Corp. Announces the Appointment of Chad MacKay as Chairman and CEO and Announces New Business Plan.
https://www.otcmarkets.com/stock/SFLM/news/SF...?id=380331
2022 Annual Report
Confirmed that:
- The loss-making subsidiary SFL Maven of Florida LLC had been divested as planned in November 2022.
- The new business direction was still as described in the last PR - technology licensing and / or acquisition with a promising lead being lithium mining for batteries.
Current Tier - OTC Pink Limited
"OTC Markets Group has confirmed that this company has limited disclosure or financial information publicly available, but meets a minimum requirement for public quoting under Rule 15c2-11."
The Company Profile was recently Verified.
Accordingly, as $SFLM is on the Alternate Reporting Standard, no further filings are necessary to remain OTC Pink Limited until 16 months after the next Annual Report is due - so until April 2025.
To upgrade to OTC Pink Current would require the 2023 Q1 + Q2 and an Attorney Opinion Letter.
https://www.otcmarkets.com/files/15c2-11%20Tier%20Chart.pdf
Share Structure - Updated August 22, 2023
Transfer Agent Verified Profile - updated at least monthly.
Authorized Shares: 5,000,000,000 [same as in January 2020]
Outstanding Shares: 2,238,709,801 [no change]
Restricted: 219,001,359 [no change]
Unrestricted: 2,019,708,442 [no change]
Note1: It is only the Unrestricted Outstanding Shares count that is relevant to immediate trading. This is relatively low at 2.02B for a stock in the .0010 > .25 price range.
Note 2: There has now been no change to the Unrestricted Outstanding Shares November 2 > September 17 - total 320 days.
Trading Patterns - Previous Business Model - 2021 > November 14, 2022
Note 1: Details of runs in 2019 and 2020 of up to 433% have been deleted - still available to view in the contemporaneous record here.
Note 2: Now that we are expecting runs of 1000% > 2000% in 2023 from current levels, details of 8 x runs less than 84% in 2021 prior to the main move up have been deleted .
2021
Started breakout from .0038 (previous close) > .0050 on January 6, 2021
Ran from .0052 > .0064 on February 9 - 23%
Ran from .0062 > .0080 on February 10 - 29%
Ran from .0073 > .0091 on February 11 - 25%
Ran from .0070 > .0088 on February 18 - 26%
Ran from .0076 > .0091 on March 3 - 20%
Ran from .0086 (previous close) > .0197 (then new 2021 high) on March 24 - 129%
Ran from .0092 (previous close) > .0169 on March 29 on just under 99M traded - 84%
Ran from .0169 (previous close) > .0200 (new 2021 high) on March 30 - 18%
Ran from .0127 (previous close) > .0160 on April 1 on just 28M traded - 26%
Ran from .0098 (previous close ) > .0119 on April 8 - 21%
Ran from .0060 (previous close) > .0117 on July 15 - 95%
Ran from .0018 (days prior) > .0030 by December 14 - 66%
2022
Ran from .0018 > .0024 on February 4 - 33%
Ran from .0008 > .0014 by March 7+8 - 75%
Ran from .0008 (previous close ask) > .0011 on April 22 - 37.5%
Ran from .0009 (previous close ask) > .0012 on April 27 - 33%
Ran from .0007 (available previously) > .0012 on September 7 - 71%
Ran from .0005 (previous close) > .0007 on September 30 - 40%
Trading Patterns - New Business Model - November 15, 2022 Onwards
2022
Ran from .0004 > .0007 on November 15 - 75%
Ran from .0007 > .0010 on November 18 - 43%
2023
Moved up from .0004 > .0005 on February 16 - 25%
Moved up from .0005 > .0006 on March 16 - 20%
Started breakout on July 5, 2023 - undercut ask of 20M at .0005 bought out
Ran from .0005 > .0009 on July 5 - 80%
Ran from .0006 > .0008 on August 23 - 33%
Ran from .0008 > .0012 on August 24 - 50%
Ran from .0009 > .0013 on August 25 - 44%
Started breakout above the previous 52-week high of .0012 on August 25 towards the .01 > .02+ range achieving .0013 by the close
Suspect shorted back to .0008 on August 30
Moved .0008 (previous close) > .0010 on August 31 - 25%
Moved .0008 > .0010 on September 12 - 25%
Moved .0008 > .0010 on September 13 - 25%
.0010s almost bought out on September 15
With confirmation of the CEO change, the 2022 Annual Report filed, WY SOS updates of May 12 and now the latest Company Profile updates at otcmarkets.com on August 23, including the SIC change to "patent owners and lessors", we should see significant additional buying in the near future and over the next few weeks/months into 2024.
As of August 27, 2023, there is now significantly increased trader awareness - at least 51 OTC market top traders each with a significant following in the 3K > 49K range (up 10 in 3 weeks) + 66 others (up 42 in 3 weeks) each with a following in 100 > 999 range on $SFLM.
Expect a dramatic move up anytime we get sufficiently large buys set across several successive asks - as happened on November 15 and November 18, 2022.
We should get past any remaining mass 1-tick flippers by .0015 and get back to a more normal few M per .0001 from .0016 > .0020 then much thinner still after that - typically 200K > 500K per .0001 - all the way to the .01>.02+ range IMO based on detailed record keeping over the last few years since $SFLM was last at .02.
Only long-term holders (over 12 months) who believe the company will go back to .01 > .02 range have any shares with a cost basis over .0012 now.
As with all my long-term top picks, knowing who got what where - relative to you by process of elimination - is important when deciding the ratio of shares to keep long-term vs locking in partial profits at peaks in the .01 > .02+ range - as is patience - this is a long-term play throughout 2023 and into 2024.
Performance and Outlook
$SFLM will remain a potential top profit pick for me throughout 2023 and into 2024 for self-evident reasons in this Overview.
Performance in each year 2020 > 2022 has shown that it pays to be ready at all times for surges with tradeable lots from multiple price points - not just trying to get the cheapest of the year and stretch them.
Continued large profit trading opportunities are anticipated ahead throughout 2023 and future years for those who maintain a large inventory of shares at a variety of price points. Having plenty of shares - you don't need the cheapest - avoids the need to chase every time it runs.
With some OTC tickers now adding 10 Billion - even 50 Billion - shares per update, $SFLM remains one of the thinnest sub .02 tickers in the OTC with an immediately tradeable Unrestricted Outstanding shares count of only 2.019 Billion unchanged for 320 days as at September 17, 2023.
Cancel any left over ask sell orders at close to get the maximum gap up at each open.
Expect .02+ at some point ahead in 2023 / later years and watch out for the following catalysts:
- Momentum move up ahead of updates through former long-term bidders and new interest taking the small offered asks thereby causing bidders to commit to ask buying while they still can under .0020 / .0050.
- Updates on the "impressive deal flow of prospects that could be acquired or technology that could be licensed by SFLM” [source: PR November 15, 2022]
- Updates on the lithium mining initiative for batteries.
- Updates on acquisitions, patents and licensing.
- Possible name change.
- Possible ticker change.
SEC Action Against Actions Of Previous CEO - Matter Now Closed
The SEC had been investigating the old company under the previous CEO for selling unregistered offerings October 10, 2019 up to December 9, 2021. This accounted for why share increases declared monthly at otcmarkets.com during that period appeared to be insignificant compared to the total volume traded in each period. The matter is now closed with $SFLM agreeing to pay a $25K fine in quarterly installments.
SEC notices linked here:
https://www.sec.gov/news/press-release/2023-9...ovdelivery
https://www.sec.gov/files/litigation/admin/2023/33-11188.pdf
Not a financial advisor - just stating what I'm basing my trading decisions on.
I will be holding some $SFLM in my portfolio throughout 2023 and into 2024 for long-term growth, trading some on surges from the bottom up too and reloading on any dips.
SFLMaven, Inc. (SFLM) Stock Research Links
"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.
