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The ceo is doing everything right by shareholders, 10 bagger!
$SMCE .0025x.0026, NEXT STOP .003s. Told you guys anything under .0044 is a GREAT PICKUP. And anyone selling under .002 is braindead. Everyone says they want a particular price but when that price arrives they ALWAYS think they can get lower and MISS THE DIP. I added. Did you? pic.twitter.com/f0cR6zUXyM
— Weedspan (@AlanWeedspan) September 19, 2024
Great! SMC announced the retirement of $879,759 combined debt, which will be reflected in Q2 and Q3.
Nice to see volume picking up this week:
Today: 7.3M so farDate Volume
16 Sept 2024 1,887,369
17 Sept 2024 4,692,788
18 Sept 2024 9,312,776
Globe Small Cap Research Report on SMC Entertainment, Inc. ( OTC PINK: $SMCE )
SMC announced the retirement of $879,759 combined debt, which will be reflected in Q2 and Q3 of the Company’s 2024 financial statements and disclosures. In alignment with its debt-reduction efforts, officers and management elected to convert $218,500 of their accrued and owed earnings into restricted shares, issued in accordance with Rule 144. • SMC formed a strategic partnership with PCG Advisory and its affiliates for the right to market and resell SMC's AI-powered products and services through its extensive investor network. The collaboration allows PCG Advisory to be in a lead position to drive traffic to the Platform and control the flow of new signups simultaneously. PCG Advisory currently holds an institutional size position in SMC with restricted shares issued in accordance with Rule 144. • SMC entered an Investment Agreement with ProActive Capital in the form of a $35,000 convertible note with a fixed conversion price of $0.002 per share and a term of 12 months. The proceeds will be used for working capital. • On the acquisition front, SMC successfully acquired 100% of Chaintrade’s assets, allowing the Company to expand its offerings with two separate verticals that are currently being integrated into the SMC portfolio of products: ChainTrade.AI, which launched in June 2024 for use in the USA and Chaintrade.Pro for use internationally. • SMC launched its interactive AI research tool, FYNN-AI on the Chaintrade.AI research advisor platform. It is currently available with a 14-day trial with subscriber membership. Management expects this to be a cornerstone component of the Chaintrade.Pro platform. • SMC is also working on the development of the Chaintrade.Pro platform. Once completed, the platform will offer real-time access to all quotes, including crypto, news, analytics, research, its AI Advisor, and commission-free trading for $99. • The Company continues to develop its Fyniti Global Equities EBT Inc. subsidiary, focusing on creating customized personal indexes and leveraging trend investing. The potential market for trend investing and tax loss harvesting through AI/ML-based algorithms as a sector is projected to generate significant fees and presents a strong opportunity for using AI/ML driven portfolio management. • To better reflect its direction, SMC has requested a corporate name and ticker change from SMC Entertainment, Inc. to "Fyntechnical Innovations Inc." and from "SMCE" to "FYNN," respectively. The Company has reserved the name Fyntechnical Innovations Inc. with the Nevada Secretary of State, and the Company has reserved a new domain
name that will host its new website, www.FynTechnical.com. There are no guarantees that change will be approved by the Financial Industry Regulatory Authority (“FINRA”). SMC will provide an update when FINRA responds. • On June 10, 2024, SMC was notified that the SEC had completed the review of the Company’s Form 10-12G. The Company is current in its SEC filings and is a fully reporting filer under the Securities Exchange Act of 1934. • Also in June, SMC announced the cancellation of 250 million shares of its outstanding Common Stock representing a 17% reduction of Outstanding Common Shares and announced it has engaged RBSM, LLP ("RBSM") as its independent registered public auditor for the fiscal year ended December 31, 2024, effective immediately.
https://www.dropbox.com/scl/fi/yqiz212u10ko13kvy7qmi/SMCE-Corporate-Report-Sept-2024-1.pdf?rlkey=5ab46sqqdnjxq0tnnqggt0znu&st=k2w3n9u0&dl=0
A penny is just the starting point for this stock.
Once move starts, This time it can hit penny.
PPS is reacting to FINRA due time. This will skyrocket hard up north and many will feel sorry when the time comes
$SMCE Last month a one-time note for 75M shares unlocked after a two-year restriction. This was the ONLY dilutive event in 2024. No other toxic financing.
Happy to report, as of today, those shares have already been completely converted. 💪 Game on
$SMCE / $FYNN 1/5 🧵
— Weedspan (@AlanWeedspan) September 17, 2024
Last month a one-time note for 75M shares unlocked after a two-year restriction. This was the ONLY dilutive event in 2024. No other toxic financing.
Happy to report, as of today, those shares have already been completely converted. 💪 Game on. pic.twitter.com/FanvRS2XzC
Globe Small Cap Research Report-
SMC Entertainment, Inc. ( OTC PINK: $SMCE ) US$ $0.0022 Per Share Market Cap: $1.05M 52-week range: $0.0008 - $0.00085 Authorized: 3,000,000,000 Outstanding: 1,284,701,483 Restricted: 708,014,015 Unrestricted: 576,687,468 Held at DTC: 501,934,722 Float: 265,034,723
https://www.dropbox.com/scl/fi/yqiz212u10ko13kvy7qmi/SMCE-Corporate-Report-Sept-2024-1.pdf?rlkey=5ab46sqqdnjxq0tnnqggt0znu&st=k2w3n9u0&dl=0
Exactly!!! This is 💯 a company that shouldn’t be in double digits. CEO, shall check with the brokers, I smell manipulation asss fuck. Now, this company doesn’t have too much exposure either… SMCE company isn’t like IGPK or HIRU that are famous and hotties in the OTCM. Maybe it is due to such. The secret is patience, when times come, KABOOM THE KRAKEN
No dilution. They are waiving the debt. Low os and they have very good AI technology. Why is it not going up? This should be in penny land by this time.
In technicality yeah but I have seen cases that if shorties and MMs are around with games. Won’t matter what is being done. Of course it can’t last forever but where I am trying to get at is that SMCE isn’t, at this very moment, a double digit 0.00 stock. It is not
Once the company starts showing revenue and profits the SP will adjust accordingly.
LCJR
It is incredible that a company like this one, paying off debts, not dilution of any kind and significant acquisitions happening AND waiting for FINRA ticker change to be in such low PPS. Manipulation a$$$ fuck is printed all over into this stock. Very sad. The only way to survive this:
Diamonds 💎 hands
Almost 1 million dollars debt will be retired.
SMC announced the retirement of $879,759 combined debt, which will be reflected in Q2 and Q3 of the Company’s 2024 financial statements and disclosures.
Globe Small Cap Research Report on SMC Entertainment, Inc. ( OTC PINK: $SMCE )
SMC announced the retirement of $879,759 combined debt, which will be reflected in Q2 and Q3 of the Company’s 2024 financial statements and disclosures. In alignment with its debt-reduction efforts, officers and management elected to convert $218,500 of their accrued and owed earnings into restricted shares, issued in accordance with Rule 144. • SMC formed a strategic partnership with PCG Advisory and its affiliates for the right to market and resell SMC's AI-powered products and services through its extensive investor network. The collaboration allows PCG Advisory to be in a lead position to drive traffic to the Platform and control the flow of new signups simultaneously. PCG Advisory currently holds an institutional size position in SMC with restricted shares issued in accordance with Rule 144. • SMC entered an Investment Agreement with ProActive Capital in the form of a $35,000 convertible note with a fixed conversion price of $0.002 per share and a term of 12 months. The proceeds will be used for working capital. • On the acquisition front, SMC successfully acquired 100% of Chaintrade’s assets, allowing the Company to expand its offerings with two separate verticals that are currently being integrated into the SMC portfolio of products: ChainTrade.AI, which launched in June 2024 for use in the USA and Chaintrade.Pro for use internationally. • SMC launched its interactive AI research tool, FYNN-AI on the Chaintrade.AI research advisor platform. It is currently available with a 14-day trial with subscriber membership. Management expects this to be a cornerstone component of the Chaintrade.Pro platform. • SMC is also working on the development of the Chaintrade.Pro platform. Once completed, the platform will offer real-time access to all quotes, including crypto, news, analytics, research, its AI Advisor, and commission-free trading for $99. • The Company continues to develop its Fyniti Global Equities EBT Inc. subsidiary, focusing on creating customized personal indexes and leveraging trend investing. The potential market for trend investing and tax loss harvesting through AI/ML-based algorithms as a sector is projected to generate significant fees and presents a strong opportunity for using AI/ML driven portfolio management. • To better reflect its direction, SMC has requested a corporate name and ticker change from SMC Entertainment, Inc. to "Fyntechnical Innovations Inc." and from "SMCE" to "FYNN," respectively. The Company has reserved the name Fyntechnical Innovations Inc. with the Nevada Secretary of State, and the Company has reserved a new domain
name that will host its new website, www.FynTechnical.com. There are no guarantees that change will be approved by the Financial Industry Regulatory Authority (“FINRA”). SMC will provide an update when FINRA responds. • On June 10, 2024, SMC was notified that the SEC had completed the review of the Company’s Form 10-12G. The Company is current in its SEC filings and is a fully reporting filer under the Securities Exchange Act of 1934. • Also in June, SMC announced the cancellation of 250 million shares of its outstanding Common Stock representing a 17% reduction of Outstanding Common Shares and announced it has engaged RBSM, LLP ("RBSM") as its independent registered public auditor for the fiscal year ended December 31, 2024, effective immediately.
https://www.dropbox.com/scl/fi/yqiz212u10ko13kvy7qmi/SMCE-Corporate-Report-Sept-2024-1.pdf?rlkey=5ab46sqqdnjxq0tnnqggt0znu&st=k2w3n9u0&dl=0
Because it was bleeding. Maybe the first time. I heard butthurt is a never to forget experience. Marcy has been marked by SCME
You been here a long time Marcy, why are you so butthurt?
What does it makes it worth then? Chuckles… Wait the financials, relax basher
That does not make the company worth $20 million
Exactly
SMH
I won't sympathize for those whining and bashing today when we hit the top later. $0.0019 ON THIS? Chuckles, A FUCKIN GIFT from heaven.... EASY MONEY MADE, EVEN if you do not believe in the company, you can double heavy in here easily... But again, you have to be verify stubborn or disgruntled in order not to see this... Even an fifth grader can see this
SMCE AND BLUM THE BEST OTCM HAS NOW
This is going to be huge! Next year is going to be very exciting indeed.
LCJR
Wow they have audited financials!
Audited by Ernst & Young
https://www.bateauam.com.au/_files/ugd/0bf7a3_fabf5df0ca184a138cf28362333e6153.pdf
Bateau Asset Management is an Australia-based boutique investment management firm. It was founded in 2016 and has offices in both Perth, Australia and Singapore. The company focuses on offering investment management services, specifically using an absolute-return investment philosophy and a multi-manager approach. Bateau primarily caters to high-net-worth individuals and family offices, among other clients.
Interesting… you are risking a lot on your shorts. Careful, the squeeze is on the way
You are asking questions that don’t have answers until financials are dropped. Just relax and your concerns will be soon answered in such. You don’t get such in PRs or social media. I don’t believe BluM, whom is such a veteran in WallStreet would consider to get into such venture if the price wouldn’t be right. I am not certain what facts do you based on in order to say, this was very expensive deal for him to make. Obviously, he got direct access to the financials and if he paid for such, I am not uncertain that he paid the right amount. The AI is real and acquisition is done deal. Like I said, I don’t blah blah and ask questions when clearly the financials aren’t in yet.
Now, according to your response, if you really believe on what you preach, leads me to believe you don’t have any holdings in here. So what’s your business? Are you trying to short it? I am curious on your input. Or you are a disgruntled investor back in genesis
$20 million in assets under management of 150 people per each of the high net worth individuals = $133,333.00 per individual
I bet these individuals don’t spend $1,000 each in yearly fees.
What are the revenues of this company?
How much is the company really worth?
That $20 million belongs to the individuals, not the company. The individuals could pull their funds at any time.
That does not make the company worth $20 million
I sure hope SMC gets audited financials before they complete this merger. The last Australian merger completed with Genesis and had stated revenues in the millions for a couple years. But after 2 years of being merged it had to unwind the merger as if it never happened. But it wasn’t SMC‘s fault that an Australian company couldn’t produce financial records.
It could be that because the news of a merger was with an Australian company that investors didn’t jump on excited.
There are a lot of other countries to look into
https://dealstream.com/securities-brokerage-businesses-for-sale
I understand SMC wants to be in the Asian and Australian markets but a USA, Canadian or European financial brokerage that operates in Asia or Australia would carry so much more clout.
Now buying an existing company it does get SMC’s foot in the door. But at what price?
Long term Restricted shares would be nice so the revenues could pay for the merger.
Even at special C series preferred shares at sometime they got to get converted into common shares. $14 Million in common shares today @ .0019 would be 7.3 billion shares. The authorized shares at this time is only 3 billion.
I think SMC is paying to much and should try to get it for a lot cheaper.
But what are the revenues?
Starting a brokerage from scratch comes with cash needs and headaches
https://finmodelslab.com/blogs/startup-costs/brokerage-firm-startup-costs?srsltid=AfmBOooVeavR_GCz38rSk74LwY-ARGGFxOH9Q2x2unyfsoLyg9YX32aE
Bullish for any merger that has proven revenues that could pay for the merger over time.
Nothing is made here it’s a LOI
And he bought some off the shelf Fintech platform that is not novel
Smoke and mirrors
You have not idea what you are talking about and definitely nobody would listen anything you have to say about SMCE, specially bashing. The acquisition and investment made in here are way beyond your understanding and if you didn’t comprehend latest video, you won’t get it. Get your popcorn ready, FINRA on the way and this will hit multiple cents
Yes this is BluM #2 round of squeezing, with this one.
I warned them two months ago at .007’s
They don’t open the gate for big runs
Wash rinse and repeat
Yes but with the AU convicted fraudster?
How does someone like that get big money investors or new investors
You should move on to another stock then. Good luck.
The Erik Blum Youtube interview looks like it was only published on X to include the ticker reference $SMCE, not as a PR. That translates to a much smaller and targeted audience. Only $SMCE investors saw it except if X users retweeted it. That is OK, made all $SMCE investors day, Erik is ultra transparent by comparison. Anticipate juicy PR's in the coming weeks and months. This was a great update!
It also appears the video was gradually noticed throughout the trading day. Looks like there was a little green action toward the end of day. There is potential to see some moderate green action tomorrow, maybe although it is Friday as well! LCJR made some good points about the price action catalysts, expectations, timing and coming attractions.
One other benefit of this video is it is now a vehicle that the communities can share out periodically especially for newbs or social media outside of the $SMCE traders. This video would be good to have pinned on social media, it is packed with nuggets.
CEO Interview... $SMCE https://t.co/jKmuP1bmXq
— SMC Entertainment Inc. (@SMCE92539883) September 12, 2024
I don’t mean this as an insult, but are you new to investing? Now to answer your question: news and interviews rarely make the share price move up quickly. In fact, a lot of traders sell on news, unless it’s news everyone is waiting on that is so important it could change how the company continues.
What will increase the share price, as the interview eluded to, is the increase in revenues through acquisitions and operations. What they plan on this next quarter is spectacular and will drive the value of the company up substantially. That’s only a few months from now. The company can post PRs, but what will drive the company value is quarterly filings that show increases in revenues.
Now is the time to add and just sit back and wait. As we wait we add as we can afford to so that our shares grow in numbers and value.
LCJR
Why is it not going up even after interview with CEO?
I found the link.
CEO Interview:
https://www.youtube.com/embed/04SJ5nsSKBs
Do you have link for that interview?
If that doesn’t convince folks to accumulate, I guess the steady increase in share price will. I’d rather get my shares cheaper.
LCJR
Looks like They have more contacts in Australia.
I think if you look at Dec 2021- February 2022 there was a very similar LOI acquisition announcement of an similar Australian investment firm.
Very similar
Hummmmm
Higher index on 4th quarter? He mentioned FINRA as well around 4th quarter? I am in shock this interview was done 5hrs ago AND I DIDNT KNOW ABOUT IT!!! OMG this is A FREAKING AWESOME INTERVIEW. A GEM, I AM SOO HAPPY, IT IS WAY BETTER THAN EXPECTED.
I’d hope folks take this opportunity to accumulate all they can before January. When 4QTR reports come out, there’s no holding this back.
LCJR
Good video. Q4 name change, uplisting etc
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Our wholly owned subsidiary, Fyniti Global Equities EBT Inc. markets a software-as-a-service (“SaaS”) proprietary platform for Certified Public Accountants (“CPAs”) Financial Institutions and Registered Investment Advisors (“RIAs”) (the “Platform”). The Platform is a SaaS platform enabling users to see the developing market trends and use it to create customizable baskets if applicable.
Currently, the Company has earned only minimal revenue. The SaaS is ready to implement, and we are currently talking to different CPAs and RIAs about beta testing the Platform beginning in the first quarter of 2024.
Pending the results of beta testing, the Company plans on using a model of an initial set up fee with a monthly content fee. Each CPA, Financial Institution and RIA will be charged an initial fee of $50,000 and a monthly maintenance fee for the software of up to $100,000 per month. The Company anticipates signing a beta test contract after its Form 10 Registration Statement is effective.
The Platform’s IQ Engine enables the user to see changes occurring on the underlying indexes daily and provides alternatives based on machine learning (“ML”) and artificial intelligence (“AI”) which the user can incorporate into its decision making process.
Our AI and ML Capabilities:
Fyniti Global Equities EBT employs state-of-the-art AI/ML technologies along with Quant algorithms, to enhance our quantitative investing strategies and wealth management solutions. The primary purpose of our AI/ML capabilities is to optimize trading strategies, risk management, and portfolio allocation.
Operation of the IQ Engine:
The IQ Engine operates by continuously analyzing vast amounts of financial data, market indicators, and historical trading patterns. It employs advanced statistical models and machine learning algorithms to identify trends, correlations, and anomalies in the data. These insights are then used to make data-driven decisions regarding the execution of trades, asset allocation, and risk mitigation. By using the IQ engine, Financial Institutions, RIAs, and CPAs will have more access to information flow with which to make better decisions for their clients.
Datasets Utilized:
Our AI/ML algorithms utilize a wide range of datasets to inform their decision-making processes. These datasets include but are not limited to:
We use both public and paid sources for input. Most of the input is correlated by amassing the collective data points at the end of business everyday., Our AI/ML algorithms utilize a wide range of datasets to inform their decision-making processes. The AL/ML Algorithm captures between 20 and 30 thousand data points every day from different places. These data points comprise but are not limited to:
Market Data: Real-time and historical price data, trading volumes, bid-ask spreads, and order book information.
Economic Indicators: Macro-economic data such as GDP, inflation rates, and interest rates.
News and Sentiment Analysis: News articles, social media sentiment, and other textual data sources to gauge market sentiment.
Fundamental Data: Company financials, earnings reports, and analyst recommendations.
Alternative Data: Non-traditional data sources are also incorporated to enhance the capabilities. As an example, regarding the financial sector. Buy now pay later tracking, Credit card usage, M1distribution, and Fed Data.
We obtain those datasets from paid data providers like financial data publishers as well as public sources like corporate SEC filings Edgar and Bloomberg etc. The nature of these datasets is both structured and unstructured data. Depending on the source of the dataset, the cost varies. Regarding the AI, we use 3 broader types of algorithms, supervised learning, unsupervised learning and reinforcement learning.
The SaaS is used to create a projected weighting on each block. In essence creating a customized index basket that is actionable on by the RIA As an example there are 500 stocks in the SP 600 the AI/ML could customize a block minus oil and gas or minus banks. The institution would have access to alerts on a daily basis showing recommended adjustments within their customized block. The RIA or institution would have the decision to act or not act on the alert.
We use AI in various capacities including (but not limited to) the following use cases: RAG based Information retrieval from unstructured data like SEC filings, quarterly reports etc., Text summarization and classification, Predictive analytics using financial metrics, Automatic data enrichment and predictions, Autonomous agents to continuously analyze data, identify missing features, rank and assign based on metrics v Analyze and enhance news stories, structured inputs like analyst ratings etc. All these datasets, 3rd party inputs are internally used to predict various ratings and analysis, but those data are not shown directly to the end users.
The mix of data points is designed to provide actionable alerts to financial institutions the exact set of data points is proprietary to the SaaS platform and the company would like to not divulge it publicly.
We obtain those datasets from paid data providers like financial data publishers as well as public sources like corporate SEC filings Edgar and Bloomberg etc. The nature of these datasets is both structured and unstructured data. Depending on the source of the dataset, the cost varies. Regarding the AI, we use 3 broader types of algorithms, supervised learning, unsupervised learning and reinforcement learning.
We use AI in various capacities including (but not limited to) the following use cases: RAG based Information retrieval from unstructured data like SEC filings, quarterly reports etc., Text summarization and classification, Predictive analytics using financial metrics, Automatic data enrichment and predictions, Autonomous agents to continuously analyze data, identify missing features, rank and assign based on metrics Analyze and enhance news stories, structured inputs like analyst ratings etc. All these datasets, 3rd party inputs are internally used to predict various ratings and analysis, but those data are not shown directly to the end users.
Third-Party AI Products:
While we primarily rely on our proprietary AI models and Quant algorithms, we also utilize third-party AI products and services for specialized analyses or data enhancements. These third-party tools are carefully vetted to ensure their accuracy, reliability, and compliance with regulatory standards.
We use the comparable and mention the ETF market because we wanted to draw parallel to how these two differ in the ability to cater to same segment of stock investors.
Fyniti Blocks -- as we call it-- may look similar to ETFs, however these two are different financial products, however the end goal is these two helps professional investors in simplifying their investment strategy. Fyniti Blocks offer Ria’s and Hedge Fund managers the ability to leverage real time trends and events, offering customization etc., Our product is a technology product offered as Software-as-a-Service because it leverages latest technologies to help the RIAs/brokers while giving them the controls they need to manage these by themselves and also without changing how these stocks are traded. It helps them in managing their portfolios better. ETF are set in their weighting the software offers institutions the ability to change their weightings as needed to reflect the underlying sentiment of the machine learning protocol.
We do use data like any other typical technology-based stock trading platform would use, but not necessarily would extrapolate data from ETF markets. For the reasons given above, the way it operates is very different and also, it addresses the gaps in customization that the ETFs currently do not provide.
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