Trading Summary - September 21. An excellent da
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Posted On: 09/21/2023 4:45:11 PM
Trading Summary - September 21.
An excellent day for $SFLM with significant buying taking it from .0014 > .0018 hod with only about 5M left but a moron sold at .0017 in the closing seconds.
Due to buy orders set before the open, MMs indicated that there were willing to gap up and open at .0015 but people not paying attention failed to check and cancel asks under at .0014 (as advised in the Overview).
.0017 was reached pretty rapidly but an additional 30M was put through by low level flippers on bid whacked / walked down .0016s and .0017s.
On initial uptick to .0017 and .0018, asks were getting progressively smaller in accordance with my expectations and record keeping since the last time it came down from .02 and my predictions were only about 2M out which can be attributed to low level flippers.
I still expect asks to be a lot smaller in the 0 > 200K > 500K at each price point above .0023.
The majority of trades were at .0017 today - nobody got any significant amount below .0016 once the .0016 ask was bought out the first time - which is excellent.
Overall, 75.8M was traded today .0014 > .0018 - closing up 25% at .0017 with 888K left.
Accordingly, I believe we should see .0020 > .0023+ tomorrow to set us up nicely for the next leg towards .01+.
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 September 19 - again no change - no dilution.
There has now been no change / dilution of the Unrestricted Outstanding shares for 324 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 - updated September 17 - here:
https://investorshangout.com/post/view?id=6619557
There were a number of significant developments noted after the close on September 20, 2023:
- 2023 Q1 + Q2 Reports filed - indicating that the CEO wants to get $SFLM OTC Pink Current (he could have stayed on the Alternate Reporting Standard through to April 2025 without doing anything).
- He only needs to provide an Attorney Opinion Letter now and then a reverse merger could take place if that is what he intends.
- Spotted in the filings, Deep Power, Inc founder appears:
https://twitter.com/SuperRobotOTC/status/1704830679433773461
- Deep Power, Inc registered a Utah address with SOS the day before the original $SFLM PR.
https://twitter.com/thenextpennyy/status/1704843044246216875
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
The relationship between the $SFLM CEO and Deep Power, Inc as a potential reverse merger candidate is explained in this excellent video put out by Super Robot:
https://www.youtube.com/watch?v=8_ebx-rhYzA&t=1500s
An excellent day for $SFLM with significant buying taking it from .0014 > .0018 hod with only about 5M left but a moron sold at .0017 in the closing seconds.
Due to buy orders set before the open, MMs indicated that there were willing to gap up and open at .0015 but people not paying attention failed to check and cancel asks under at .0014 (as advised in the Overview).
.0017 was reached pretty rapidly but an additional 30M was put through by low level flippers on bid whacked / walked down .0016s and .0017s.
On initial uptick to .0017 and .0018, asks were getting progressively smaller in accordance with my expectations and record keeping since the last time it came down from .02 and my predictions were only about 2M out which can be attributed to low level flippers.
I still expect asks to be a lot smaller in the 0 > 200K > 500K at each price point above .0023.
The majority of trades were at .0017 today - nobody got any significant amount below .0016 once the .0016 ask was bought out the first time - which is excellent.
Overall, 75.8M was traded today .0014 > .0018 - closing up 25% at .0017 with 888K left.
Accordingly, I believe we should see .0020 > .0023+ tomorrow to set us up nicely for the next leg towards .01+.
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 September 19 - again no change - no dilution.
There has now been no change / dilution of the Unrestricted Outstanding shares for 324 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 - updated September 17 - here:
https://investorshangout.com/post/view?id=6619557
There were a number of significant developments noted after the close on September 20, 2023:
- 2023 Q1 + Q2 Reports filed - indicating that the CEO wants to get $SFLM OTC Pink Current (he could have stayed on the Alternate Reporting Standard through to April 2025 without doing anything).
- He only needs to provide an Attorney Opinion Letter now and then a reverse merger could take place if that is what he intends.
- Spotted in the filings, Deep Power, Inc founder appears:
https://twitter.com/SuperRobotOTC/status/1704830679433773461
- Deep Power, Inc registered a Utah address with SOS the day before the original $SFLM PR.
https://twitter.com/thenextpennyy/status/1704843044246216875
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
The relationship between the $SFLM CEO and Deep Power, Inc as a potential reverse merger candidate is explained in this excellent video put out by Super Robot:
https://www.youtube.com/watch?v=8_ebx-rhYzA&t=1500s
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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.