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But they still have to pay their engineers and I read Van Noy’s salary is $170,000 a year lol
He needs to tap public money if he can’t get private believers. They need money to keep it going
I remember reading something from DeepPower that implied their technology was a few years from being ready for release. It wasn't a recent article but did imply kind of a timeline. I think that article will provide an answer. If I recall it was one that was posted here but I think the DeepPower website might be a good place to find it. I think it had to do with their drill bit technology but don't quote me. It had to do with the depths their new technology could reach for access to hotter core depths than are currently reachable. This is what I recall.
My thought is he is still waiting for DeepPower to be ready. Makes sense, that your friend, business partner and investor runs a public shell looking for a merger or licensing agreement and van noy has the company.
In a recent attempt at a offering for deep power van noy said if they go public it would be a pink otc company.
They decided not to do the offering after all saying the timing was not right
Nice post, same here
Haha. Ya man, that's pretty much all we can hope for.
At this point, he hasn't technically done anything terrible, other than the silence which feels like death by 1,000 paper cuts and the inability to properly file documents to stay pink current.
I am personally ok with the 800mil diluted shares to clear the books. He literally wiped out 95% of the long term debt, from $1.6 million to less than $100,000. And the dilution stopped once that was complete.
That said, I am still out of ideas until we get some communication. Even just a "hey guys, we are still here and working on stuff". I just don't understand why that is so difficult.
What if his plan is so big it changes how the whole world operates. I can dream
Fool me thrice, and I must be an OTC investor 🤣
The silence and Chad’s modus operandi are what make me an upset shareholder. But like you said, he’s putting this stock in a position for something to happen💁🏻♂️ Technically, the annual report does make the company look a little healthier.
Eliminating debt is a big deal. I just hope things can move forward without any further dilution, toxic notes, or offerings. I’m hoping his private equity firm gets involved when they are ready to rebrand SFLM and launch their new idea. That would be a major confidence booster.
Whether or not Chad’s plan ever comes to fruition is the big gamble. And it’s a major gamble, because he won’t even give us a glimpse of what it could look like. I’m holding my hand hoping for an ace on the river. IMO, it’s time for the showdown.
Been waiting since Summer of 2022 😂
I guess we have to wait and see what SEC requirements they failed to meet.
Take a look here click on disclosures
; https://www.otcmarkets.com/stock/SFLM/
But the annual which can include the last required quarterly was filed on time.
Probably need an attorneys letter confirming the legitimacy of the annual report is my guess.
Why did they get the Yield sign? They filed the annual which also includes the 10q for the 4th qtr.
What do they have to file to be pink current again?
I think I am finally at a loss for words and out of ideas. I guess we can only hope it gets back to pink current before another downgrade. Last time it went yield, it was only limited for a few days. But nothing would surprise me at this point.
Maybe it's just time to stop paying attention and hope someday Chad either decides to make this company into something or sells it to someone who will.
You make more sense than how this company is being managed.
Why file the annual report 2 weeks early showing 1.4 million dollars in long term debt paid off and only dilute as many shares as needed to satisfy those old convertible notes, just to end up back at Pink Limited with a Yield sign?
All while continuing to stay silent the whole time?
Has anyone EVER seen anything like this?
Are we the victims of the most elaborate April Fools joke of all time, 2 years in the making?
I honestly think both Quantum Mechanics and Astrophysics make more sense than whatever the hell is going on here 😂
Yes, I remember that post. I don't remember who it was, but definitely odd.
Even though I do think the financials greatly improved in the annual report, I really wish I could go back to October and sell my shares. Now we are just stuck here in the dark for who knows how long. Fool me once, shame on you. Fool me twice, shame on me. 🤦
You know my thoughts about Wall Street being an insiders paradise. I remember that post a couple months back from someone unfamiliar to us that claimed this Chad guy likes to hold off for a couple years to weed out shareholders who weren't in for the long term. I thought when I read that how does he know anything like that. His posting history suggested nothing remarkable but still, why would somebody just pop up and say something like that as though he knows this Chad guyz style. Why would someone make that claim of all the things we hear on these boards?.
PS - imo technically from a chart standpoint, this stock is very broken. Could take months to rebuild the technicals from last year when the 50 crossed the 200 and those Twitter pumpers and dumpers ran it up to near .003.
My thought was if enough shareholders, aka OWNERS of the company as you said, bombard him relentlessly, maybe he will make a public statement as to WTF is going on. I have a lot invested here based on a very promising 2022 press release, as do many others, and I am beyond unsatisfied as a shareholder, aka part owner of the company.
Didn't somebody imply here the company may be in a silent mode waiting for the sec to make its decision?
Have you ever spoken with an OTC company officer?
He will just spit out some useless drivel like a sales pitch. He legally cannot divulge inside information to an individual. I don’t think reaching out to him in person is the answer.
What he needs to do is talk to a damn lawyer and put together a public statement that will satisfy our need for information. An explanation to what has happened, as well as, a look into his future plan.
It’s that simple.
Unless, of course, there’s something to hide.
The annual showed a reduction in outstanding debt. The amount lines up with the dilution that occurred. It seems to have stopped. At this point, and at these amounts, IMO dilution is a non-issue.
It’s the silence, it’s the lack of direction, and it’s the secrecy that this is all being done in that bothers me. It’s a public company for God’s sake, and we own it. We deserve to know more about why these things are happening!!!
Perhaps you can shed some light, since you seem to know so much🤷🏻♂️
Anybody ever try contacting this number or email? We need answers. Now. This is simply just not acceptable.
But Dilution happened, meaning Chad is doing something.
POS ticker with POS CEO
Yesterday the seashell symbol, today a yield sign… tomorrow delisted? WTF
Kinda hard to believe Loyal Companies is a legitimate entity, that lives up to its publicly made motto, and is run by the same people that are absolutely destroying our company. And worse of all, just a little bit of official communication from Chad, and he could’ve gotten out in front of these recent developments. There very well could be some valid excuses why this is happening, but how the phuck are we supposed to know?
SMH as a disgruntled investor who’s had money parked here for years😒 Not impressed by Chad or anyone pumping this disaster of a stock. No excuses for how it’s being run. It’s been a complete bust.
Ugh 🤦 unfugginbelievable
Now we have the Yield sign. Limited information.
Preferred shares often carry more voting rights, but they usually have some rules/restrictions on how they can be sold (since usually insiders own them).
Also if the company undergoes a bankruptcy (not that it's going to happen here) they are right after creditors for recuperating anything.
Not my expertise, but as far as I understand, restricted shares cannot be purchased. They are issued directly by the company as insider compensation or debt repayment. They cannot be sold until after a set period of time, usually between 6 months - 2 years.
The fact that he accepted restricted shares as payment for "services" (whatever that means) eludes that he must have some vested interest and confidence in the company's future.
For sure! That makes it very attractive
Regarding that past CEO who still owns millions of shares and also more recently bought 18m? Restricted shares. Ive never owned restricted shares. What's the value in owning them over the shares we own we bought in the open market?
Agreed. My only interest from the 2023 annual report is the near total elimination of convertible debt and long term liabilities. Shell or not, clean books allow forward progress.
Yeah, along with having no revenue, It also has to do with having no assets.
But it's a meaningless designation if you've done your DD here.
Based on the definition, it appears to be an OTCM discretionary designation based on the fact that there is no revenue yet, which we already knew. At least it means they reviewed and accepted the annual report.
Is that a new category on the marketplace website? I don't recall seeing it before
The PSAR is ready to flip on the daily and weekly charts. Once we hit 0004, it should flip and be a positive signal. We'll see.
OTC Shell Risk Designation
Shell companies – risks and legitimate uses
Shell companies, characterized by their lack of active business operations or significant assets, pose unique risks to organizations. While not intrinsically illegal themselves, these entities can potentially serve as veils for illegal activities, including sanctions evasion and money laundering, due to their often complex and opaque corporate structures.
Shell companies, despite their reputation, can serve several legitimate purposes.
Firstly, they can be used for facilitating complex transactions like mergers and acquisitions, where the shell company can act as a neutral vehicle through which to manage the M&A process.
Secondly, they can provide a degree of financial privacy for individuals and corporations, which can be crucial in competitive business environments.
Thirdly, they can be used in legitimate tax planning strategies, allowing companies to efficiently manage their tax liabilities within the bounds of the law.
https://www.moodys.com/web/en/us/kyc/resources/insights/look-in-shell-3-benefits-using-moodys-shell-company-indicator.html
$SFLM
wabadon
"MMs OTCN + INTL retreated from .0026 Friday to .0045 at the open today"
Why does that mean anything? How many 1000s of % are we away from that price?
Has anybody noticed the CNBC real time trade tracker isn't always correct? I noticed that on another stock I owned and sold. Anybody know a reason it would be that way. Is there anything in this Wall Street marketplace that is honest?
Bid increased by 50M - now 72M .0002 x 58.5M left at .0003
MMs OTCN + INTL retreated from .0026 Friday to .0045 at the open today
Share Structure updated April 1 - again no change - no dilution since February 11 - 51 days.
I'd think a name change would be in order but even that's not done
Sflm can go from worst to first inno time. There are lots eyes still on this. All up to Chad now. He filed early
Imo, the only thing holding new investors back is they don't know how long they have to tie up their money because no time line has been established for future corporate actions.
I've been getting the Deep Power videos again.
$SFLM Overview - As At March 31, 2024
------------------------------------------------------
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 $85,270.
https://www.otcmarkets.com/otcapi/company/financial-report/395135/content
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$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 Current
-------------------------------------------------------
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
----------------------------------------
Share Structure - Updated March 25, 2024
Transfer Agent Verified Profile - updated at least monthly.
No change - no dilution February 11 to March 25 - total 44 days.
Authorized Shares: 5,000,000,000 [same as in January 2020]
Outstanding Shares: 2,953,609,801
Restricted: 237,001,359
Unrestricted: 2,716,608,442
Note1: It is only the Unrestricted Outstanding Shares count that is relevant to immediate trading. This is relatively low at 2.7B 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 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 59% of the A/S - and only 695M shares added to the Unrestricted O/S during the over 15-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%
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.
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 2.71 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.
- 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 Interested / Following
As at March 31, 113 x OTC market traders - up 17 recently since the Annual Report was filed early + .0002s got bought out in minutes - have got $SFLM on their Watch List, commented on it or liked posts about it - since November 27.
The Top 5 traders on $SFLM have 22.6K, 13.6K, 9.5K, 9.2K and 8.8K followers.
----------------------------------------------------------------------
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."
-------------------------------------------------------------------------
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 2023 and into 2024 for long-term growth, trading some on surges from the bottom up too and reloading on any dips.
Remember the shelter in place years of COVID. This is from a dog's perspective. A little humor while we wait for our day in the sun with SFLM.
https://www.facebook.com/share/v/6XyNvxjob7g1CYGJ/?mibextid=qi2Omg
its brewing i think some people have picked up a lot of stealth cheap shares
2.3M + 2M buys at .0003 - counted down correctly to only 50M left new
Bid increased to 28.6M
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 MAY 6, 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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