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They could have but I saw van noy asking for money on one of his videos a couple months ago
I thought Deep Power reps went to the White House last December to seek grant money. I think it was kind of a symposium of green technology start up companies vying for some pot of money awarded to new green technology products.
It’s all speculation but it does seem logical.
They have been at it for 2 years, I’m thinking they are running out of money. Investors need to be paid as well as can noys hefty salary.
They may just decide to go public but who knows
I remember reading something on the Deep Power site about their drilling product needing a couple years more refinement before being ready to deploy. If I recall, their technology requires a certain depth to be efficient. That was over a year ago I think. If that's the case, imo then maybe 6-9 more months if Deep Power is a merger candidate. There may be more candidates that are ready sooner. My gut says their holding company business model will be in the green venue....but I'm just being hopeful as that's all we have to base on. Who knows, it could all be an elaborate deception like many of these penny stocks are.
We may be waiting for a couple more years a Chad pace
UPDATE - THE Parameters don't copy over. You'll have to choose them. Then look. We can't get Stockcharts any more.
If you look at the four year charts for SFLM and GEGI, they're very different charts. The accum dist implies something very different. Change the chart to GEGI and see what you think . By the way I can't get Barchart to provide anymore than these two indicators. I wonder if they're limiting service options now.
https://www.barchart.com/stocks/quotes/SFLM/technical-chart
Yes, that's the post I am referring to. Not sure the exact sequence or timing of events, but it's a lot of the same insiders on both company's filings.
As far as the previous CEO, the last SFLM annual report showed he still has his original shares and also accepted 18mil additional shares for "services". So he didn't buy them per se, but he took them as payment for something. What services he provided, who knows.
Why would a past CEO still hold shares and buy more? Didn't we see that in the last report?
You mean this post of his? Was that big move on gegi before McCarthy bought it or after?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172677036
Honestly I’m doubtful of Chad at this point!
It would not be hard to have some communication and be transparent.
To me it looks like he still has a deal in place with Ladin.
Why would he still have a link to ladens website on the official Sflm Twitter page?
He is still selling jewelry when the business is supposed to be divested.
Also Chad was an insider at GEGI when they screwed shareholders.
He could prove me wrong but he doesn’t want to be found.
A business who is ceo of several companies should update his LinkedIn page at a bare minimum.
He needs to answer calls and e-mails also.
Ya know, I just went back and re-read Werbe's sticky post from August. As much as it pains me to say, maybe he was right all along? 🤷
I'd obviously like for him to be wrong. I've been holding a LOT of shares and supporting this thing for a long time. But, who's to say between SFLM and GEGI (same group of insiders in both) they didn't fleece us for millions, maybe tens of millions, and are now hanging out in the Cayman Islands buying drinks with our hard earned money while laughing at us?
I really just don't know what to think anymore. I'd like for someone to prove this wrong, but is it even possible to refute?
I've never found any reason to doubt Chad as an honest dude. Yet, here we are after 18 months, still hoping for some miracle.
Maybe I should just shut up and stop paying attention. 😂
6 milly bid dump...TGIF!...it may start early!
I may be wrong but it's looking like we're going to see more dilution added to the OS soon. Maybe he needs money to file the 10q
But, it's not current. It went limited shortly after the annual report, which means they couldn't even get that right. Hopefully they can manage to cobble together a quarterly by Wednesday.
The man has to pay the bills...keep us current...
but the silence is deafening...
Either that or someone must have soaked them up. Otherwise, there's no question this thing would be trading at 0001 with an extra billion shares on the shelf.
I wonder if those shares went to a new business venture?
To be fair, you are correct. It's somehow holding 0003, which is exactly where we stood this time last year, even though the OS is about 50% higher now. But, for someone that's been holding for a few years, it has dwindled quite a bit.
Not “possible”
Fact
+147M shares.
🚨 $SFLM
— OTC Updates (@OtcUpdates) May 9, 2024
💰0.0003
Pink Limited, AS: 5.0B, OS: 3.1B, US: 2.9B
Update Delay: 72 hours
Held at DTC Shares Updated:
🔴 2,708,540,891 (2024-04-01)
🟢 2,855,840,891 (2024-05-06)
Difference: +5.4% (+147M)
Outstanding Shares Updated:
🔴 2
https://t.co/n80GXDRRE2
pps not dwindling anymore is at a firm steady 0003 and s/s still thin for a trip lol
Ya man, my only real concern here is for my, um... investment... to suck less than it currently does, and for the mysterious Chad to make good on his promising press release from 2022.
I also hate the pumpers as much as the bashers. But they at least have a clear agenda. I don't understand why someone would post here regularly just to say Ha-Ha like Nelson from The Simpsons 😂
I haven’t seen those people promoting this heavily sense the last pump in September
More people certainly bashing then pumping
What about the “people” who continually post this is a top investment of the year and Deep Power will come to play here and this will be .02 - .25? I think I am more sick of reading those posts. Especially as I watch the PPS dwindle and my ownership stake going down month after month, year after year. This company appears to be in serious distress. If Chad can pull this thing around in 2024, and take us to pennyland, he could very well be the OTC CEO of the year
I’m certainly not accusing you of being either of the “people”. You seem to genuinely post what you are currently thinking, which is what this board is all about. I don’t see you having any agenda other than trying to make some sense out of all this nonsense👍
Either they've been burned in the past by SFLM and they can't let go of their bitterness, or they're from that other stock that another poster antagonized over their losses, or there's an agenda in play by a broker dealer who is responsible for creating volatility for either the company to dump shares or for some insider investor exiting.
Wall Street is the tenderloin district in a world of deception. It's an insiders playground. We'll never know.
I've never been able to come up with any logical reason why these "people" continue to come here and warn everyone (out of the goodness of their hearts of course) about how terrible this stock is.
There are PLENTY of terrible stocks out there, many in far worse shape than this one. I'm not happy with the current state of things here, but come on.
What's the point? Is life really that boring?
Very possible.
I feel the same way Jay! Just say yoo hoo I’m here working, can’t talk yet but will. That would satisfy me
I hear ya man. I'm just finally at a point of being pissed off. I (and others including you) have been supporting this "company" and defending this guy named Chad against anyone and everyone for 18 months... here on iHub and elsewhere.
It's time to get something in return as a shareholder. And I use the term "shareholder" lightly, because I don't even know what we own shares of. I mean seriously, how hard is it to offer up the smallest nugget of information to us? Just a simple "hey guys, hang tight while we figure things out".
I'll gladly retract all of my animosity, and even apologize, if we find out someday that Chad has in fact been in a quiet period.
I know it's hard to remain positive but I don't have any other option. Got taken big on another OTC I played in late 2021 so I don't need any more annual $3000 write offs, that may exceed my lifespan with plenty left over.
I think his updates to the OS.are an honest attempt to keep us informed. I have to wonder if he's in some sort of quiet period while the sec gets the mess straightened out.
I remember the filings last year being a mess and they basically didn't submit anything for 2023 until September. I have no idea how they were able to do that , but I don't see how they can go past next week without filing a Q1 2024 report.
They did file the annual report 2 weeks early in March, so let's see if Chad gives enough of a sh*t to file a quarterly on time this month. I'm currently doubtful we will ever hear from him again.
As we get close to the 15th and the anticipated drop of next due 10q, is there any reason the company can not publish it and still be inside of sec OTC requirements? If I remember correctly last year this time, when the company didn't drop the report, people showed up saying they actually have until some other date. I think that date may have been as far out as August. . Anybody want to chime in here with an opinion?
Apparently Stockcharts and Sharpcharts. Com have stopped tracking SFLM as of today sometime.
Yes what’s the point of using the terms “private equity in the public market” like he has plastered on the so called X page.
Still called by another CEOs name lol
I don’t see any private equity from Loyal Companies being led into SFLM
https://twitter.com/sflmaven
Yep. When I read Chad's bio, the philanthropy was a big reason why I thought he would be different than the typical CEO of an OTC company (if that what we even call this thing).
Here's some food for thought... does Chad even exist? Is he a real person or just someone's made up alter-ego behind a computer screen? Is Loyal Companies even real? They sure didn't raise any private equity for this new business venture.
And before anyone even thinks about coming at me, I am NOT being slanderous or defamatory. These are honest questions looking for honest answers. I've been holding this damn stock for 18 months, based on a press release from 2022. Shareholders have gotten NOTHING in return for their support, and now I am finally pissed.
I don't even care anymore if this goes to actual zero. Maybe I'll just dump my pile of shares into the bid tomorrow and take the loss like a man. Oh sorry, I meant let someone "buy" my shares at the bid.
But he’s such a great humanitarian but sucks as a public ceo
“Mr. MacKay has been active in philanthropy supporting children and families that have physical and/or mental challenges. He continues to work individually with those families and individuals to provide resources, tools, equipments, but most importantly support for the specific needs they have”
Why don’t you work with shareholders MacKay?
And I agree Jay. Time for unfettered optimism is over for me. Chad, if you read the board, you suck as a public CEO. A complete failure, I hope you run your so called private equity firm better.
I’ve been waving the SOS flag for a while. Chad probably IS laughing at us. And it’s not funny. This is no better than Ladin and his jewelry scam that was pumped hard here on this board. I knew it was a joke, and everyone was trying to deny it, wasting their time posting daily useless sales information. Anyone that believed in the jewelry store and meta verse store got duped. Straight up bushwhacked. Someone should go to jail… but won’t.
Those that keep pumping this are making themselves look like desperate fools IMO. Chad has a plan, it’s to not give a crap about the company investors. He obviously could not care less about the PPS or shareholders. No communication, no laying out a plan/timeline, and no apology for buying our company and sitting on it while the PPS drops to all time lows. It would not be hard for him to act in a way to settle me down.
I hate the bashers, but sound like one because I’m fed up! Lime Wire has called the action here better than anyone else. Hopefully he’s not right about an RS or I’ll be livid holding here all these years. I truly am a stuckholder, and I hate that he’s right about that☹️
Yes, that's what I said. 47 million at the 0002 bid and the ask increased to 52 million.
I appreciate your optimism, but the 47 million was SOLD into the bid, not bought. Yes, every sell has a buyer, but it's still a red sell in the trade log.
Not trying to argue, just have to agree to disagree.
47M bought at .0002 of which only 20M was added to the ask
Bid topped up by 10M to 135M
Chad must laugh his ass off when reading this board.
Oye, there goes 47 million into the .0002 bid and the ask has increased to 52 million. Is it time for the SOS flag yet?
WTF is this even supposed to mean?
"currently fulfilling comments with FINRA, that's why it's so quiet."
Who hurt you? Lmao
It's dilutive garbage SFLM
Stuckholders galore.
Dilute to zero bid and then reverse split the commons and you'll still be pumping it 🤡
$SFLM Overview - As At May 6, 2024
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Backstory
- From October 2020 to November 2022, SFLMaven Corp - ticker $SFLM [formerly $SKDI to March 2021] - comprised only the wholly owned subsidiary SFLMaven of Florida, LLC - a Top Rated eBay seller of jewelry in business for 19+ years.
- Despite SFLMaven of Florida, LLC increasing gross revenue by 35% in 2021 over 2020 - and being on track for a further 15%>20% increase in 2022, it was still operating at a net loss in 2022 Q3 after taking into account large past adjustments for eBay seller's fees in earlier backdated periods.
--------------------------------------------------------------------
"New" SFLMaven Corp [$SFLM] - Effective November 15, 2022 Onwards
On November 15, 2022, it was PR'ed that:
- Chad MacKay had been appointed as Chairman and CEO of SFLMaven Corp [replacing Joe Ladin].
- He will oversee the launch of the Company’s new business plan that focuses on acquisitions or technology licensing opportunities.
- The Company will focus on identifying companies and/or technologies that could be impactful in their respective industries.
- Chad MacKay is the co-founder and managing partner of Loyal Companies, a private equity firm focusing on mergers and acquisitions.
- The Company’s previous Chairman and CEO, Joseph Ladin, resigned as Chairman and CEO as part of these changes.
- SFLMaven Corp decided to divest of its operating subsidiary, SFLMaven of Florida, LLC and this was completed as planned in November 2022.
- The 2022 Annual Report was filed on April 17, 2023 signed by the new CEO.
- The $SFLM record with WYSOS was updated on May 12, 2023 showing:
-- Now Active - Current.
-- Upgraded to in Good Standing for Tax and all other categories.
-- Changed the registered Principal Office address to Salt Lake City, UT after divesting the previous loss-making business in FL.
- The $SFLM record at otcmarkets.com started to get updated on June 30, 2023, as follows:
-- New HQ address in UT: now 12884 S Frontrunner Blvd, Draper, UT 84020.
--- Interior views of the upscale corporate workspace suites in this building here:
https://d3vfz99dlfnk1r.cloudfront.net/uploads/listing_photo/40019/57fe7950375c733b81771f4e81397477.jpg
https://d3vfz99dlfnk1r.cloudfront.net/uploads/listing_photo/40020/7d6bfe3879111d79b8e743867b65b551.jpg
-- Chad MacKay added as CEO, CFO and Sec.
-- Website for divested subsidiary SFL Maven of FL removed.
- Multiple further updates at otcmarkets.com on August 23, 2023:
-- New Business Description: Holding company for companies purchased and operated under SFLM.
-- New Product Services Description: Holding company that acquires companies in the public markets.
-- New SIC - Industry Classification: 6794 - Patent owners and lessors.
-- SFLM Maven workspace in FL divested and replaced by: Distributed Work Force.
-- Out of date 2nd entry with old CEO Joseph Ladin removed - new CEO had already been added on June 30.
-- Company Profile upgraded to Verified.
- 2023 Q1 and Q2 Reports filed September 20, 2023.
- Attorney Letter wrt Current Information filed September 21, 2023.
- Revised 2022 Annual Report and 2023 Q1 and Q2 Reports filed October 9, 2023.
- Attorney Opinion Letter wrt Current Information filed October 19, 2023.
- Upgraded to OTC Pink Current October 26, 2023.
- First official update in 2023 from the "new" company: October 26, 2023 [see Section below for detail].
- 2023 Q3 Report filed on November 16, 2023 - before extension deadline of November 20, 2023.
- Upgraded to OTC Pink Current again on November 29, 2023.
- 2023 Annual Report filed early on March 26, 2024:
-- New Business Plan remains unchanged.
-- $50K coming in by November 2024 from sale of divested subsidiary.
-- No new convertible debt notes.
-- Long-term liabilities reduced from $1,629,647 to $85,270.
https://www.otcmarkets.com/otcapi/company/fin...35/content
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$SFLM CEO - Chad MacKay
- Prior to joining Loyal Companies, Chad MacKay was founder and managing partner of Kai Data Companies.
- He has been actively involved as a director with other companies and organizations. Among the boards on which he serves currently and in the past are: Loyal Companies, Revvu, Cumulus, Cumulus Advanced Technologies, Kai Data, Vulcan7, Espresso Agent, Team Leads, Bear River Management Group, Kai Insurance, Synergy Holdings, RAD, Loyal Technologies, Trustee for Chase N' Heaven and Brother's Keeper.
- In the November 15, 2022 PR he stated:
- “I am very excited to become a part of SFLMaven Corp as the Company’s Chairman and CEO."
- "I have been in private equity for the past 15 years and have done a lot of exciting deals."
- "Our team has built an impressive deal flow of prospects that could be acquired or technology that could be licensed by SFLM.”
- “Our goal will be to add acquisitions and/or licensing agreements to technologies that we believe will be accretive to the Company and our Shareholders. For example, we are working with one credible University on some amazing technologies in the lithium mining industry that could be really important to the future of electric batteries."
- "Where it makes sense to focus on specific verticals, we will. If we find Companies that could benefit by being a part of the SFLM family of companies we will evaluate those.
- "We have an aggressive team and look forward providing more detailed updates in the near future.”
----------------------------------------
$SFLM CEO Linkedin Profile:
https://www.linkedin.com/in/chad-mackay-2b3417156
-----------------------------------------------------
Loyal Companies website: https://www.loyalcompanies.com/
-------------------------------------------------------
"New" $SFLM PRs / Updates Since November 15, 2022
Ongoing PR / update campaign with 2 releases to date.
News - November 15, 2022. SFLMaven Corp. Announces the Appointment of Chad MacKay as Chairman and CEO and Announces New Business Plan.
https://www.otcmarkets.com/stock/SFLM/news/SF...?id=380331
'X' Update - October 26, 2023. SFLMaven Corp. Announces the Completion of its Change of Control Process and Return to Pink Current Status.
With the Company's change of control process complete we can move forward with executing on the business plan.
https://twitter.com/SFLMaven/status/1717620283522392345
-----------------------------------------------------------
Significant Points - Company Update - October 26, 2023
- Change of Control process completed with OTC Markets.
- Upgraded to OTC Pink Current.
- The Company will focus on identifying companies for merger, acquisition, strategic licenses or partnerships in industries such as clean energy, electric battery technologies, artificial intelligence, mineral or precious metal extraction technologies, marketing, finance or other areas that could be impactful to their respective industries.
The Company's CEO - Chad MacKay - biography - as detailed in the CEO Section above - was re-iterated.
The situation on the now irrelevant SEC matter was re-iterated / updated [see relevant section below].
"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."
--------------------------------------------------
Current Tier - OTC Pink Limited
-------------------------------------------------------
Company Profile - Verified
-----------------------------------------------------------
The Company is on the Alternate Reporting Standard with requirements as shown here:
https://www.otcmarkets.com/files/15c2-11%20Tier%20Chart.pdf
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Share Structure - Updated May 6, 2024
Transfer Agent Verified Profile - updated at least monthly - often weekly
Authorized Shares: 5,000,000,000 [same as in January 2020]
Outstanding Shares: 3,100,909,801
Restricted: 237,001,359
Unrestricted: 2,863,908,442
Note1: It is only the Unrestricted Outstanding Shares count that is relevant to immediate trading. This is relatively low at 2.8B for a stock in the .0003 > .25 price range. Some other OTC tickers are adding 10 Billion to 50 Billion on each update.
Note 2: There was no change to the Unrestricted Outstanding Shares November 2, 2022 > December 14, 2023 - total 408 days.
Note 3: An insignificant 112M was added to the Unrestricted Outstanding Shares November 27 > December 14. For context, 216M shares were traded during this period - 193% of the increase.
Note 4: An insignificant 183M was added to the Unrestricted Outstanding Shares December 15 > January 2. For context, 310M shares were traded during this period - 169% of the increase. Also, 145M were traded on December 22 alone - 79% of the increase.
Note 5: An insignificant 127M was added to the Unrestricted Outstanding Shares January 3 > January 16. For context, 186M shares were traded during this period - 146% of the increase. Also, 138M were traded on just January 5 + January 16 - 108% of the increase.
Note 6: An insignificant 133M was added to the Unrestricted Outstanding Shares January 17 > January 28. For context, 331M shares were traded during the period - 249% of the increase. Also, 175M shares were traded on January 19 alone - 131.5% of the increase.
Note 7: An insignificant 140M was added to the Unrestricted Outstanding Shares January 29 > February 10. For context, 377M shares were traded during the period - 269% of the increase. Also, 179M shares were traded on February 6 alone - 128% of the increase.
Note 8: There was no change to the Share Structure February 11 > April 29 - total 79 days.
Note 9: An insignificant 147M was added to the Unrestricted Outstanding Shares April 30 > May 6. For context,129M shares were traded on May 2 alone - 87.75% of the increase. In addition, a further 12M were traded on May 1 and May 6 - 96% of the increase traded already.
Note 10: There has been no reverse split during the life of the current company $SFLM or the previous company $SFLM. Self-evidently, with the O/S representing only 62% of the A/S - and only 842M shares added to the Unrestricted O/S during the 18-month life of the current company - there is no need or intention to do one.
-------------------------------------------------------
Trading Patterns - Previous Business Model - 2021 > November 14, 2022
Note 1: Details of runs in 2019 and 2020 of up to 433% have been deleted - still available to view in the contemporaneous record here.
Note 2: Now that we are expecting runs of 1000% > 2000% in 2024 and future years from current levels, details of 8 x runs less than 84% in 2021 prior to the main move up have been deleted .
2021
Started breakout from .0038 (previous close) > .0050 on January 6, 2021
Ran from .0052 > .0064 on February 9 - 23%
Ran from .0062 > .0080 on February 10 - 29%
Ran from .0073 > .0091 on February 11 - 25%
Ran from .0070 > .0088 on February 18 - 26%
Ran from .0076 > .0091 on March 3 - 20%
Ran from .0086 (previous close) > .0197 (then new 2021 high) on March 24 - 129%
Ran from .0092 (previous close) > .0169 on March 29 on just under 99M traded - 84%
Ran from .0169 (previous close) > .0200 (new 2021 high) on March 30 - 18%
Ran from .0127 (previous close) > .0160 on April 1 on just 28M traded - 26%
Ran from .0098 (previous close ) > .0119 on April 8 - 21%
Ran from .0060 (previous close) > .0117 on July 15 - 95%
Ran from .0018 (days prior) > .0030 by December 14 - 66%
2022
Ran from .0018 > .0024 on February 4 - 33%
Ran from .0008 > .0014 by March 7+8 - 75%
Ran from .0008 (previous close ask) > .0011 on April 22 - 37.5%
Ran from .0009 (previous close ask) > .0012 on April 27 - 33%
Ran from .0007 (available previously) > .0012 on September 7 - 71%
Ran from .0005 (previous close) > .0007 on September 30 - 40%
-----------------------------------------------------------------
Trading Patterns - New Business Model - November 15, 2022 Onwards
2022
Ran from .0004 > .0007 on November 15 - 75%
Ran from .0007 > .0010 on November 18 - 43%
2023
Moved up from .0004 > .0005 on February 16 - 25%
Moved up from .0005 > .0006 on March 16 - 20%
Started breakout on July 5, 2023 - undercut ask of 20M at .0005 bought out
Ran from .0005 > .0009 on July 5 - 80%
Ran from .0006 > .0008 on August 23 - 33%
Ran from .0008 > .0012 on August 24 - 50%
Ran from .0009 > .0013 on August 25 - 44%
Started breakout above the previous 52-week high of .0012 on August 25 towards the .01 > .02+ range achieving .0013 by the close
Suspect shorted back to .0008 on August 30
Moved .0008 (previous close) > .0010 on August 31 - 25%
Moved .0008 > .0010 on September 12 - 25%
Moved .0008 > .0010 on September 13 - 25%
.0010s almost bought out on September 15
Moved .0010 > .0012 on September 18 - 20%
Moved .0011 > .0013 on September 19 - 18%
Moved .0012 > .0014 on September 20 - 17%
Moved .0014 > .0018 on September 21 - 28%
Moved .0015 > .0019 on September 22 - 27%
Moved .00155 > .0018 on September 25 - 16%
Moved .0016 > .0022 on September 26 - 38%
Moved .00205 > .0027 on September 27 - 32%
Moved .0019 > .0024 on September 28 - 26%
Moved .0021 > .0026 on September 29 - 24%
Moved .0022 > .0027 on October 2 - 23%
Moved .0020 > .0026 on October 3 - 30%
Moved .0018 > .0027 on October 5 - 50%
Moved .0022 > .0027 on October 9 - 23%
Moved .0025 > .0029 (new 52-week high) on October 10 - 16%
Moved .0020 > .0026 on October 13 - 30%
Moved .0020 > .0024 on October 16 - 20%
Moved .0014 > .0022 on October 19 - 57%
Moved from .0015 > .0019 on October 24 - 27%
Moved from .0019 > .0025 on October 25 - 32%
Moved from .0022 (previous close) > .0026 on October 26 - 18%
Moved from .0010 > .0015 on October 31 - 50%
Moved from .0008 > .0010 on November 7 - 20%
Moved from .0006 > .0008 on November 29 - 33%
2024
Moved from .0003 (available to January 18) > .0005 on January 19 - 66%
Moved from .0004 > .0005 on January 26 - 25%
Moved from .0004 > .0005 on January 31 - 25%
Moved from .0004 > .0005 on February 5 - 25%
Moved from .0003 > .0004 on February 6/7/8/9 - 33%
Moved from .0002 > .0003 on March 27 - 50%
129M volume at .0003 on May 2 - 50% for those who sold any .0002s to convert more of their higher price tax lots to free - .0004s were up after 52M traded before more undercut ask .0003s put up
With a SIC change to "patent owners and lessors", upgrade to OTC Pink Current and the company now clear to proceed with its business plans after the change of control process was completed on October 26, 2023, we should see significant additional buying over the weeks and months ahead throughout 2024 to be loaded prior to the first acquisition and / or licensing announcement.
Multiple surges are anticipated as announcements on the new business plan start to flow - which may also include a name change and a ticker change.
Expect a dramatic move up anytime we get sufficiently large buys set across several successive asks - as happened on November 15 and November 18, 2022 and October 19, 2023.
Only long-term holders (over 12 months) who believe the company will go back to .01 > .02 range have any shares with a cost basis over .0029 now. Others may have sold needlessly for a loss late-2022 - reducing still further the shares likely to be offered on the ask.
As with all my long-term top picks, knowing who got what where - relative to you by process of elimination - is important when deciding the ratio of shares to keep long-term vs locking in partial profits at peaks in the .01 > .02+ range - as is patience - this is a long-term play throughout 2024 and future years.
-----------------------------------------------------------------------
Performance and Outlook
$SFLM will remain the joint #1 Top Profit Pick on my Watch List throughout 2024 for self-evident reasons in this Overview.
Performance in each year 2020 > 2023 has shown that it pays to be ready at all times for surges with tradeable lots from multiple price points - not just trying to get the cheapest of the year and stretch them.
Continued large profit trading opportunities are anticipated ahead throughout 2024 and future years for those who maintain a large inventory of shares at a variety of price points. Having plenty of shares - you don't need the cheapest - avoids the need to chase every time it runs.
With some OTC tickers now adding 10 Billion - even 50 Billion - shares per update, $SFLM remains one of the thinnest sub .02 tickers in the OTC with an immediately tradeable Unrestricted Outstanding shares count of only 2.86 Billion.
Cancel any left over ask sell orders at close to get the maximum gap up at each open.
Expect .02+ at some point ahead in 2024 or later years and watch out for the following catalysts:
- Momentum move up after long-term watchers managed to buy at bottom prices from impatient tax loss sellers during December and bought out the .0004 ask on January 18.and January 19 on volumes of 77.5M and 175.2M and bought out the walked down ask at .0002 on March 26 on 49M volume then bought a further 129M on the ask at .0003 on May 2 with the funds on the bid at .0002 remaining for future successive ask buys.
- Updates on the "impressive deal flow of prospects that could be acquired or technology that could be licensed by SFLM” [source: PR November 15, 2022]
- Updates on the lithium mining initiative for batteries.
- Updates on acquisitions, patents and licensing.
- Possible name change.
- Possible ticker change.
------------------------------------------------
OTC Market Traders Interest
A number of OTC market traders with significant followings are known to be in $SFLM.
There has consistently been $35K > $43K on the bid at .0002 for several days with no significant fills in weeks. These bid funds were not used to buy 129M on the ask at .0003 on May 2.
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Speculation - Deep Power, Inc
There is plenty of anecdotal evidence - and there has been a lot of speculative discussion by OTC market top traders of $SFLM recently - that Deep Power, Inc may either be a likely candidate for a reverse merger with $SFLM to go public or - more likely now - be one of the first acquisition / patent licensing deals if $SFLM is to be a portfolio holding company.
In addition, the 2023 Q2 Report highlighted that the Deep Power, Inc CEO - AKA Real Transition Capital, LLC - had entered into a long-term relationship with $SFLM as follows:
"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."
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SEC Action Against Actions Of Previous CEO - Matter Now Closed
The SEC had been investigating the old company under the previous CEO for selling unregistered offerings October 10, 2019 up to December 9, 2021 from a Reg A offering originally filed in April 2019.
This accounted for why share increases declared monthly at otcmarkets.com during that period appeared to be insignificant compared to the total volume traded in each period.
The matter is now closed with $SFLM agreeing to pay a $25K civil penalty in quarterly installments and being ineligible to sell securities pursuant to Reg A and Reg D for a period of 5 years - waiver request submitted March 2023 pending.
SEC notices linked here:
https://www.sec.gov/news/press-release/2023-94?utm_medium=email&utm_source=govdelivery
https://www.sec.gov/files/litigation/admin/2023/33-11188.pdf
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Not a financial advisor - just stating what I'm basing my trading decisions on.
I will be holding some $SFLM in my portfolio throughout 2024 and into 2025 for long-term growth, trading some on surges from the bottom up too and reloading on any dips.
I hope that added dilution was done first quarter. so it can be on the next due 10q
Out of curiosity, I did two minutes of research and math. Here's the entire trade volume for last week.
May 3, 20,000
May 2, 129,315,724 (mostly at .0003 ask)
May 1, 6,930,000
Apr 30, 411,000
Apr 29, 5,344,999
All of that totals a rounded off 142,000,000.
Even if EVERY SINGLE SHARE last week was dilution, it still wouldn't equal the 147mil difference reported today.
I believe today's increase is from a previous week and is possibly the final conversion of the old notes. I also still believe the volume on Thursday at .0003 was in fact buys.
Yes, I was one of those people who assumed that to be the case. I guess there's no way of knowing for sure whether today's 5% increase was in fact last week's assumed buying or dilution from a previous week. The OTC seems to often be delayed.
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
WYSOS RECORD UPDATED - MAY 12, 2023:
- NOW ACTIVE - CURRENT
- UPGRADED TO "GOOD STANDING" FOR TAX & ALL OTHER CATEGORIES
- PRINCIPAL OFFICE ADDRESS CHANGED TO SALT LAKE CITY, UT
https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=125183207156046129167103229051178173126156077253
COMPANY PROFILE AT OTC MARKETS - STARTED TO GET UPDATED JUNE 30, 2023
- CHAD MACKAY AS CEO, CFO & SEC
- NEW HQ ADDRESS IN UTAH
- WEBSITE FOR DIVESTED SUBSIDIARY DELETED
https://www.otcmarkets.com/stock/SFLM/profile
SHARE STRUCTURE - AS AT JUNE 17, 2024:
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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