Trading Summary - September 22. On the one hand
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Posted On: 09/22/2023 4:25:33 PM
Trading Summary - September 22.
On the one hand, a slightly disappointing day for $SFLM in that a few small holders failed to cancel their asks at .0018 before the open (the left over .0017 was cancelled) which was then exacerbated further by some low level flippers putting another 40M up at .0018.
This prevented the almost immediate .0020+ breakout that would otherwise have been expected.
On the other hand, when MM INTL walked the ask down - on an algorithm below where flippers put any up - this offered opportunities for the main traders to buy more at .0018 > .0016 to add to their inventory - which were not added to the next ask - for t rading much higher later.
On occasion, MM INTL would retreat all the way to .0070 when hit hard enough on the ask he was on or by any amount on the next ask above him.
When the .0019s were back up, there was initially only 7.9M there which was reduced to 2.9M after a 5M buy.
Lack of hail mary ask buying across .0016 > .0020 in the closing minutes enabled a few M to be bought on the bid at .0015 which was topped up.
Overall, 132M was traded today .0015 > .0019 - the vast majority traded at .0018 until 15:10 by which time 99M of the 132M total had already been traded.
Consider today a consolidation day getting rid of some low level flippers taking 100% rather than waiting for 1500% > 2000%.
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 325 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).
- 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
The Attorney Opinion Letter was filed after the close on September 21, 2023 - so $SFLM should be OTC Pink Current by early next week.
Expect further movement up over the days, weeks and months ahead as the new CEO releases details of his merger / 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
On the one hand, a slightly disappointing day for $SFLM in that a few small holders failed to cancel their asks at .0018 before the open (the left over .0017 was cancelled) which was then exacerbated further by some low level flippers putting another 40M up at .0018.
This prevented the almost immediate .0020+ breakout that would otherwise have been expected.
On the other hand, when MM INTL walked the ask down - on an algorithm below where flippers put any up - this offered opportunities for the main traders to buy more at .0018 > .0016 to add to their inventory - which were not added to the next ask - for t rading much higher later.
On occasion, MM INTL would retreat all the way to .0070 when hit hard enough on the ask he was on or by any amount on the next ask above him.
When the .0019s were back up, there was initially only 7.9M there which was reduced to 2.9M after a 5M buy.
Lack of hail mary ask buying across .0016 > .0020 in the closing minutes enabled a few M to be bought on the bid at .0015 which was topped up.
Overall, 132M was traded today .0015 > .0019 - the vast majority traded at .0018 until 15:10 by which time 99M of the 132M total had already been traded.
Consider today a consolidation day getting rid of some low level flippers taking 100% rather than waiting for 1500% > 2000%.
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 325 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).
- 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
The Attorney Opinion Letter was filed after the close on September 21, 2023 - so $SFLM should be OTC Pink Current by early next week.
Expect further movement up over the days, weeks and months ahead as the new CEO releases details of his merger / 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.
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