Another post I made on the amateur forum when the
Post# of 7023
"You've already been corrected in my earlier post- you deliberately left out the full version of the details of the note which clearly states that the principal and interest isn't payable until June 2024 and that $SFLM has the right to repay the RTC Note at any time without penalty.
Only a clueless person would think that:
a. Andrew Van Noy - the CEO of the company most likely to be either the reverse merger company or the first patent licensing company to be acquired in the holding company $SFLM - would sell the shares he got for almost nothing now when he can get a lot more for them within months.
b. That the $SFLM doesn't intend to pay off the note without penalty long before June 2024 as clearly the new business plan can be expected to be up and running long before that.
Source: 2023 Q2 Report:
"Note 8 – Convertible Note
In June 2023, the Company obtained a loan from Real Transition Capital, LLC which netted our company $2,500 in proceeds. In consideration of such loan, we issued a $10,000 face amount convertible promissory note (the “RTC Note”), with OID of $7,500, with principal and interest payable in June 2024. The Company has the right to repay the RTC Note at any time, without penalty. The RTC Note is convertible into shares of the Company’s common stock at a conversion price of $.0001 per share.""
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.