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OTC updated today. OS still the same. I must remain positive. Have too much invested but yes I believe like JB that some knew all along the plan here. It seems that way on every stock. It's that corrupt on Wall Street.
It's hard to argue against that being a strong possibility at this point.
It's also hard to not suspect AT LEAST 3 frequent posters on this board were in on it the whole time. I don't think I have to call them out. Everyone knows who they are.
Can we all can we all just get along
-Rodney king-
Almost as good as your POS CBDD YES LOL
Now that’s Funny.
SFLM has nothing, interest rates can’t affect a company that has NOTHING
It has lots of Dilution, that’s about all SFLM has.
I think he just may not know what to do with it at this point. Interest rates went up and without a good merger candidate it’s hopeless. As interest rates come down we stand a better chance imo
We’ve been scammed imo, until chad speaks up nothing will change my mind
I heard back from the SEC. They did not give me any details specific to SFLM. They only provided links to the provisional rules about REG A and REG D. and what makes stocks ineligible. I still default back to my first conversation with the SEC when I was told she could see the levy of the $25k fine but saw nothing about a 5 year restriction. And let's not forget The Chad did say they were going to seek a remedy to that 5 year restriction. Maybe he did and was removed.
I still say if they weren't able to issue shares how did the shares become available to sell last December and January when the OS rose to where it is today? Which we are assuming were sold to pay off debt.
Any opinions are welcome on what to ponder about our situation. I wish others would call and get feedback that may be more defining of what's going one here.
I'd call that a fair description of this situation.
I don't understand how that dilution was allowed last December into January if a 5 year restriction was in place or did those shares come from a different pot? Most of us believe that dilution was to pay of old debt but we're just guessing as the CEO has never stated.
I emailed the following to the SEC contact I have from my original call earlier this year.
"I spoke with a representative at the SEC about a penny stock ticker symbol SFLM - SFLMaven in either late May or or early June 2024. We had a lengthy conversation and my questions at the time were answered. I did inquire about a supposed SEC initiated 5 year ineligibility on selling pursuant to REG A or REG D shares as noted in this press release below from approximately October 2023. The SEC rep I spoke with could not find any mention of a 5 year ineligibility to sell REG A OR REG D securities. She did find the part about $25,000 fine and as far as we know it was paid by the new owner Mr McKay . This company was bought by a man named Chad McKay with Loyal Companies. The sale of SFLMaven to Mr McKay was pr'd in November 2022.
Many of us stock holders are perplexed by the fact the SEC rep I spoke with could find no 5 year restrictions pursuant to selling REG A OR REG D shares but the CEO said there was in that press release noted below.
What can you tell us that either confirms the press release and a waiver is in process ( maybe status if possible) or tell us there's no such 5 year restrictions. The CEO Mr McKay has been silent and unreachable for nearly a year and has never responded to any attempts by shareholders to reach him. This isn't so much a complaint as it is a verification of the press release noted below. We'd love to have Mr McKay clear this up.
Respectfully
XXXXXXXXXXXXXXX
Retail shareholder of OTC stock ticker SFLM
"Mr. MacKay continued, "In addition to the delays in the change of control process, immediately following our purchase of the controlling shares of SFLM, the Company became the subject of an SEC Action. The SEC Action arose out of the Company's Reg A offering originally filed in April 2019 and involved actions taken by the Company's prior management and legal counsel. We determined that the Company's best path forward, the path that impaired the least amount of capital, monetary and human, was to settle the SEC Action and, in a manner of speaking, get on with business. The Company agreed to the payment of a $25,000 civil penalty and to being ineligible to sell securities pursuant to Regulation A and Regulation D for a period of five years. In this regard, in March of this year, the Company submitted a waiver request, such that it would be able to avail itself of Regulation A and Regulation A; this waiver request is still pending."
This sucks Chad I feel like a bagholder instead of investor
Yeah! An update would be nice lol
It does look like they're pursuing a waiver, so that's hopeful.
Thanks. I will look back in my email history this evening and get this off to her.
“Mr. MacKay continued, "In addition to the delays in the change of control process, immediately following our purchase of the controlling shares of SFLM, the Company became the subject of an SEC Action. The SEC Action arose out of the Company's Reg A offering originally filed in April 2019 and involved actions taken by the Company's prior management and legal counsel. We determined that the Company's best path forward, the path that impaired the least amount of capital, monetary and human, was to settle the SEC Action and, in a manner of speaking, get on with business. The Company agreed to the payment of a $25,000 civil penalty and to being ineligible to sell securities pursuant to Regulation A and Regulation D for a period of five years. In this regard, in March of this year, the Company submitted a waiver request, such that it would be able to avail itself of Regulation A and Regulation A; this waiver request is still pending."
Will you provide me the exact comment? I'm not a customer of Twitter. I will send the comment by The Chad to the woman I spoke with at the sec. She gave me her email. Let's get this resolved. Thx
Well that came from MacKay himself in the tweet
There is no 5 yr restriction on this stock per the SEC. Is there any way to challenge that in a very public way? We need to know why that was told to us.
We need a BIG push if this thing is going to roll anywhere anytime soon, and Chad certainly isn't helping us one bit.
https://www.linkedin.com/in/andrew-van-noy-3b352718
Is this page not functioning?
Could be hiding hi could be hiding lo
lol
Maybe he finally got busted for fraud. He already has a history and I really wish I had seen that before I bought this hot mess. Maybe that Hi-Lo guy knows where he is. 🤷
I noticed the ceo for DeepPower is gone form LinkedIn
Looks like him may have taken his page down.
I found the Twitter page but it makes me sign in. I'm not interested in being a Twitter customer
Thanks. I called the SEC several months back and asked about that. The woman told me she saw no restrictions on the stock. I told her about a 5 yr restriction and she said there was nothing like that she could see. She did see the fine. I think it was $25k.
I guess private equity doesn't mean self funding.
I'm not a Twitter customer. Can you provide a link and I'll see how much I can see.. I've got her email in my history. I'll screen shot it for her. She was very pleasant to deal with. If you call the complaint line and leave a message they're fairly prompt in calling back. You might be more technically savvy than me in seeking questions and answers. Any of you can call. It's better than emailing them.
The "press release" at the top of their Twitter page. Says they can't sell Reg A for 5 years. The rest is regurgitation from 2022.
JB, remind us what that tweet said. I forget but I do remember the momo was lost after that Twitter team pumped and dumped our investment. Soon many of us will have been here two years. I think that qualifies as being categorized as an investment.
Yes, I agree those are three potential outcomes.
But, they all still require Chad to break his silence and start acting like a real CEO. They only thing he has done in two years was post a statement on Twitter last fall that crushed all momentum and sent this thing back into the gutter.
Sad, but true.
I expect the one of 3 courses of action from the CEO:
- Execute the business plan as stated in the November 15, 2022 PR and re-iterated in the 'X' update of October 26, 2023 with the amplifying comments:
-- "we have every intention of adding Shareholder value by executing on our business plans, even though obtaining the best type of financing will add complexity"
-- "We could not be more optimistic about what we are trying to accomplish and the opportunities ahead of us that are waiting to be fulfilled."
- Do a deal for a reverse merger with an existing company that wants to go public - along with a name change and ticker change - and maintain an interest in the new company as a Board Member.
- If he is too busy with other projects or cannot attract the financing to execute the original plan, sell the shell ticker to a company that wants to go public.
-- Existing shareholders keep all their shares in the new company + ticker.
-- Typically, shell tickers sell for $300K > $600K currently and listings can be found by searching "OTC shells for sale"
With indications over the past few weeks that more cash is returning to the OTC from those that try to make a living from it but have not been getting the desired results when trying Options and Crypto for the past 18 months, I think we may well see a sequential running up of every single OTC stock that is currently in the .0001 > .0009 range - regardless of the future merit or past history of the ticker - just as we saw November 2020 > March 2021.
Can someone explain how an ask can be "fake"?
Is someone trying to say that coding and binary values of computerized market makers are non existent? lolol
An ask is not "fake". It appears in real time and varies throughout the trading session.
Anyone claiming that a SFLM ask is fake is very badly confused.
I agree its the election rally run up again and maybe some CRYPTO COIN money coming into the $OTC
That would be great but we would need another catalyst. The reason it moved so hard I think was all the mm’s wanted to get rid of all their shares before the sec rule changed.
I believe SFLM absolutely will run again.... WHEN/IF the mysterious Chadbominable Yeti comes out of his hidey-hole and addresses his shareholders with some hint of progress on his "new business plan".
They just really began the company deep power 2 years ago but I’m not sure, they too have gone silent.
I think the market is crooked as a whole.
Most CEOs use the public market as a piggy bank
7M of the fake ask cancelled - 20M bid came in at .0002 - now 20M .0002 x 47.5M .0003 (down from 54.6M)
Watching a number of other large following traders on You Tube yesterday - one has 29.9K followers - who also noticed that those who tried switching to Options + Crypto over the last several months haven't been having success and appear to be coming back to the OTC as evidenced by multiple moves this week.
Another 2 off the bottom tickers started moving today with big ask buys followed by large bids on the price that was just the ask.
I think we may well see a sequential running up of every single OTC ticker that is currently at its bottom level in the .0001 > .0010 range - just like happened from November 2020 > March 2021.
I thought the DP CEO said two years out going on two years ago upcoming. As I heard from a trends guy, if the market tanks before the election then Trump wins. If not then Harris wins. I really don't see Trump winning unless he concedes more to the Globalist global agenda and that includes a major war. I'm hearing the whole Uk raine thing is about their 14 Trillion$ in resources oops, I mean spreading democracy. I still think some event will be used to tank the market (when?) and then new highs is what I'm hearing. Nothing makes sense anymore so anything is entirely possible. Just my opinion
Hard to tell! If Trump wins the market will probably respond better.
If it is deep power I think the wait will be long
They have a lot of work cut out for them developing the drill, testing and seeing if it works
Im.thinking players have exited and are waiting for a big correction, then the OTC and greater market go on fire like 2020/2021. The election plays a role too, just like last time. Just my opinion
Yeah I think that’s what has hurt the otc, that and the 2021 sec rules.
and lots of money stuck in the crypto
I deed, gonna take a couple more rate cuts I think
the OTC is dead right now
just waiting ???
$SFLM and a lot of other trip stocks are flat lined or almost flatlined and will probably stay the same for this year
EFFECTIVELY A NEW COMPANY FROM NOVEMBER 15, 2022 FOCUSING ON
ACQUISITIONS AND TECHNOLOGY LICENSING OPPORTUNITIES
CHAD MACKAY NOW CHAIRMAN & CEO OF SFLMAVEN CORP
CHAD MACKAY IS ALSO COFOUNDER & MANAGING PARTNER OF LOYAL COMPANIES
WHICH HAS ACQUIRED SFLMAVEN CORP
SFLMAVEN OF FLORIDA, LLC (EBAY STORE) HAS BEEN DIVESTED
SHARE STRUCTURE - AS AT SEPTEMBER 3, 2024 - NO CHANGE IN 118 DAYS:
AUTHORISED SHARES: 5,000,000,000 [SAME AS IN JANUARY 2020]
OUTSTANDING SHARES: 3,100,909,801
- RESTRICTED: 237,001,359
- UNRESTICTED: 2,863,908,442
NOTE 1: IT IS ONLY THE UNRESTRICTED OUTSTANDING SHARES COUNT THAT IS RELEVANT TO IMMEDIATE TRADING
CONTENT ABOVE THE LINE MAINTAINED BY SENIOR MODERATOR AJH92 - DO NOT CHANGE (IAW IHUB TOS) - OTHER MODERATORS MAY ADD CONTENT BELOW THE LINE
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