S A M Trade Asia Pte. Ltd. (SMFX)

[exisnet]

With over 200K clients good guess producing revenue and likely profits… we need an update…

‘I'll be happy to be proven wrong, but given the zero revenues shown in their Q1 report, I am not expecting SMFX to produce any revenues in the near future.’

[chemist72]

Yes, meaning they are "holding"/owning other revenue producing companies.

SMFX is NOT a holding company in that sense. They are merely holding/protecting Sam's intellectual property. Until SMFX can produce revenue from other entities, they are not a "holding" company in the way you suggest.

I'll be happy to be proven wrong, but given the zero revenues shown in their Q1 report, I am not expecting SMFX to produce any revenues in the near future.

[exisnet]

Berkshire Hathaway Inc. and Alphabet Inc. are holding companies…

[chemist72]

I agree with your analysis.

I too am having difficulty understanding how a patent protection company can generate recurring revenues. If SMFX remains totally separate from the revenues generated by Samtrade, then this ticker will never achieve any substantial capital appreciation. Here is how the latest quarterly report puts it:

The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and is dependent on debt and equity financing to fund its operations.

So the main question for investors in SMFX should be, "Will SMFX be able to establish an ongoing source of revenues?"

I don't know the answer to that question. And really the only person who would know the answer to that question is SAM!

The only saving grace that I can see is that, so far, Sam is paying for all operational expenses for SMFX out of his pocket (i.e. from Samtrade's revenues). This amounted to a total of $16,490 for accounting, legal and administrative expenses, for Q1 2022 (March 1, 2021 to May 31, 2021).

[AprilFool]

If my buy for 1.49 goes thru this morning, my ave is still 3.10.
Make us happy Sam. Some of us have been here for a couple of years waiting on this Lazar POS.

[Neverhadawinner]

I read why Sam bought the sec filing for Paper Free. its says:
S.A.M. Trade (Asia) Pte Limited is a holding company that facilitates the centralized management of intellectual property and proprietary technology analytics associated with the development of our multi-award winning Samtrade FX trading platform. As we expand globally, it will serve as a fundamental hub for the integration and management over intellectual property assets pertaining to the FX brokerage.

OTC says it has 100 employees.

How will it generate revenue. It appears to me to be a company that holds patents. Do they charge the using customers a fee to use the platform?

I need some help understanding how they make money?

[exisnet]

Samtrade FX is built by the traders, for the traders... but you better be a long term investor... lol

wake the fu*k up Sam. this is getting silly. why post this stock price on your web page. It looks ridiculous with no volume every day. What brokerage would be happy looking at this? This shell better have a revenue stream soon...

[molee]

I hear ya ... This is total bullcrap . Happening too often in the OTC .

Stay safe >> M

[molee]

I hear ya ... This is total bullcrap . Happening too often in the OTC .

Stay safe >> M

[Bearslayer]

wake the fu*k up Sam. this is getting silly. why post this stock price on your web page. It looks ridiculous with no volume every day. What brokerage would be happy looking at this? This shell better have a revenue stream soon...

[chemist72]

Those are numbers carried over from previous shell.*

* Previous shell was Paperfree Medical Solutions (PFMS).

https://www.otcmarkets.com/otcapi/company/financial-report/249299/content

[arttrading]

$61,981,678 Additional Paid In Capital
$(62,015,607) Accumulated Deficit

from: (SMFX) Quarterly ReportFor the Period Ending: May 31, 2021.

Sam seems to be handling large amounts of USD, would anyone know what they refer to?
They seem significant figures compared to the current Outstanding Shares.

[molee]

Crickets ...

Stay safe >> M

[chemist72]

Found website that ranks 100 foreign exchange brokers.

SMFX is ranked #16.

https://forexsuggest.com/top-100-forex-brokers/#SMFX

This list was compiled in 2021, but I don't know the exact date.

[PennyDegenerate]

I can’t imagine ~200,000 clients making them profitable enough to come close to the pending updated market cap but who knows.

[AprilFool]

Still accumulating. Like gathering eggs.

[chemist72]

Samtrade FX ... with more than 200,000 clients.

https://www.samtradefx.com/news/samtrade-fx-signs-sponsorship-deal-with-la-liga-team-valencia-cf

If true, this is a BIG DEAL and doubles what is now listed on their homepage ("Over 100,000 clients").

[chemist72]

True. An update would be nice though, if 200K is accurate.

If I was more tech savvy, I could probably find out when Samtrade's webpage was last updated. LOL

[TheSummerMan]

The home page says over 100,00, so technically 200,000 is over 100,000 lol.

[chemist72]

LOL. Yes, another possibility. Wouldn't that be nice :)

[CaoPanShou]

or...the typo is they forgot the word "new" and its actually 300,000...

[chemist72]

Good question. Two possibilities.

1) Samtrade FX has not updated their home page;

2) 200,000 was a typographical error in the press release.

My comments: If #1 is the reason, then I would expect an update on their homepage "soon".

If #2 is the reason, they probably should publish a "corrected" version of this PR.

I hope #1 is the reason. If, in fact, the number of clients has doubled, then SMFX's fair value will have doubled as well!

[ADVFN_manolo78]

Why are 200,000 clients in the press release?

[chemist72]

100,000 clients. See Samtrade FX home page:

https://www.samtradefx.com/

[ADVFN_manolo78]

Samtrade FX is an online trading brokerage that provides forex trading and other related services, with more than 200,000 clients.

????????

200.000 or 100.000 clients ?????

[Bring-n da Copper]

They’re also worth almost half a billion dollars

https://www.statista.com/statistics/873309/enterprise-value-valencia-cf/

[Bring-n da Copper]

Valencia is the fourth-most supported football club in Spain, behind Real Madrid, Barcelona and Atlético Madrid.[5] It is also one of the biggest clubs in the world in terms of number of associates (registered paying supporters), with more than 50,000 season ticket holders and another 20,000+ season ticket holders on the waiting list, who can be accommodated in the new 75,000-seater stadium.

https://en.m.wikipedia.org/wiki/Valencia_CF

[arttrading]

16 September 2021 SAMTRADE FX SIGNS SPONSORSHIP DEAL WITH LA LIGA TEAM, VALENCIA CF

insert-text-here

[chemist72]

Yes. If you're afraid of the AS, don't buy these commons.

Many times large AS structures are required to legally issue Preferred shares with say a 100:1 conversion ratio. Common practice for all companies intending to be SEC compliant.

[Cronussaturn]

Market Cap ?

1,678,641

09/15/2021

Authorized Shares

1,100,000,000

09/15/2021

Outstanding Shares

922,330

09/15/2021

Restricted

44,068

09/15/2021

Unrestricted

878,262

09/15/2021

Held at DTC

766,227

09/15/2021

[chemist72]

OS means nothing when talking about control shares. imo

Sam gave himself 90M shares in order to have basically complete control of HIS company (SamTrade FX). Almost all OTC companies issue control shares for this purpose. Some issue preferred shares, while others issue common shares. These shares are generally only used to maintain a voting majority or when completing a sale of the business.

[Bearslayer]

Well at least the board is coming to life. That’s a precursor to action. If we want newbies to buy in here. They don’t need to see a zombie board.

[TheSummerMan]

I'm well aware of the float. I was talking about shares for sale at this price point.

[exisnet]

OS is sightly under 91mm of which 90mm is restricted…

‘OS is over 90,000,000.’

[PennyDegenerate]

Yes, but we all know the truth based on the filings. OS is over 90,000,000.

[chemist72]

Float is less than 1M shares.

Can't be much for sale when float is that low. LOL

[TheSummerMan]

Not worried about that, just means there's not much for sale down here.

[Bearslayer]

When there is no volume and the asks are for hundreds on average. Those thousand plus asks are the big ones. Silly but true.

[TheSummerMan]

What big asks? I haven't seen any blocks more than 1k per block at a time. Less than $2k at the price they were asking.

[chemist72]

Chart is looking almost too hot now.

RSI has jumped from ~50% 5 days ago to now ~71%.

Guessing we might see some resistance around $2, but who knows. This is the OTC casino, right? LOL

[Bearslayer]

if the two dumb retailers would pull there big asks to smaller numbers we could actually hit 2.00 today by the looks of L2.
but that would be too smart. and they would make more profit too. but hey what do I know??

[chemist72]

A few nice slaps today.

Must be at least a few believers in SMFX out there. lol

Hope some of Sam's rich clients start buying a few shares. Things could get exciting real fast if they do.

[chemist72]

SMFX had 5 green candles consecutively going into today.

Today could be number 6!!

Might be moving up the right side of a cup & handle chart pattern. Would need to get up to ~$3/share for a nice looking 4-month cup!

[Bearslayer]

you beat me to it. 2.00 by next week.

[chemist72]

Bid just jumped from $1.27 to $1.58 -

Nice to see. Haven't seen any bid support over $1.50 in quite awhile.

SMFX seems to be moving in a good direction lately!

[chemist72]

Agree. Very difficult to value any stock without having any revenue numbers. Profits would be even better, even if small.

[chemist72]

Is SMFX preparing for blastoff?

Price has gone from a low of $.605 about a week ago to currently $1.55

That's a gain of about 150% from that low to the current price.

[Bearslayer]

No sellers into the bid. Buyers paying the ask currently. Heading back to 2's with any news. Maybe higher. Revenue would be helpful SAM.




IMO

[chemist72]

TA still shows OS as less than 1M.

So current MC is ~$1.4M (as of 9/10/21).

https://www.otcmarkets.com/stock/SMFX/security

[PennyDegenerate]

Or they don’t believe SamtradeFx has a $100,000,000+ market cap.