Short Summary - November 16. A less than ideal
Post# of 7090
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A less than ideal day for $SFLM for the following reasons:
- The company was not able to file the 2023 Q3 report by the due date of November 15 due to the CPA's inability to complete the work on time.
- The usual basher/scammer suspects went into overdrive on an amateur forum in an attempt to dupe people to sell for a loss at .0006 into their bids.
- They also stacked the .0007 ask to 25M / 30M / 40M at various times throughout the day reverting to 25M a minute before the close.
- The company did not file the Late Notification of Filing for the 2023 Q3 Report until fairly late into the session by which time a few small holders had already been duped into trading on the .0006 bid.
- Most of the top OTC market traders with an interest in $SFLM also needed to be on other Watch List tickers - $PSRU which started to move off the bottom .0001 > .0002 in dramatic fashion and continued breakout of $INCC at .0002 x .0003 - and so just kept topping up their $SFLM bids at .0006 rather than attacking the scammers' ask..
The 2023 Q3 Report is now due by November 20, 2023 (Monday).
Closed 10.2M .0006 x 25.4M .0007 (down from a peak of 40M).
Overall, 25.6M was traded - the majority at .0006 - apart from 510K at .0007 - again just shares changing hands between the impatient and those looking to increase their inventory for trading much higher later in 2023/4.
Traders need to note that every 1M sold at .0007 instead of .01 is throwing away $9.3K in profit and throwing away $19.3K at .02!
The share structure was updated on November 1 - again with no change.
There has now been no change to the Unrestricted O/S in 380 days - thereby showing that there has been no conversion of the shares owned by the CEO of Deep Power, Inc which - IMO - he will either keep to trade much higher once the $SFLM deals are done or $SFLM will buy the debt back before interest is due in June 2024.
List of traders on $SFLM as at November 3, 2023 here:
https://investorshangout.com/post/view?id=6640648
Latest Overview - updated November 5, 2023 - here:
https://investorshangout.com/post/view?id=6640891
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