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SMC Entertainment Inc. (SMCE)

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Last Post: 5/12/2022 10:45:15 PM - Followers: 127 - Board type: Free - Posts Today: 0

A Few Words About
SMC 
Sketching Pencils

Welcome... glad you found us!

SMC Entertainment Inc. is an OTC Markets, publicly traded company, with an assembled team of esteemed individuals solving market needs, primarily in the merger and acquisition landscape.

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SMC seeks existing operational opportunities with high potentials of success. Identified, SMC acquires those entities that possess quality human assets and balance sheets consistent with highest operating standards. Whereby, creating wholly owned subsidiary environments, which enhance each operator's ability to serve the public with its respective Services and or Products. Further, expanding the geographic reach of SMC.

 

Watch as we grow and build out our company of products and services, SMC Entertainment will transform through mergers and acquisitions, whereby stakeholders can participate in the exciting value added opportunities ahead.  
 

CEO &  Director

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Mr. Ronald E. Hughes has more than 30 years of experience in business development and investment markets. In 1997, Ron joined Global Securities as a Licensed Investment Advisor providing investment analysis, equity trading and capital structure strategy to corporate finance. In 2001, he began his executive roles, first as President of TransAmerican Energy Inc., and currently serves on the boards of publicly traded companies in the United States and Canada.

 

He has also been a partner with North Arm Capital Services, providing Investor Relations and Business Development services to domestic and international clients for nearly three decades. Mr. Hughes studied Resource Economics at the University of Alberta and then International Marketing and Management at University of Hawaii (1987).

 

Dear Shareholders,

We wish you a healthy and prosperous 2022. For the first three quarters of fiscal 2021, the Company divested itself from certain assets that were previously acquired by the Company’s former management team and cancelation of over $600,000 long-term debt. During the fourth quarter of 2021, the Company announced the following:

 

1. The closing of its $45 million acquisition of Genesis to transform itself to a boutique premium provider of fully integrated financial technology company with a full suite of digital financial services solutions. For the first nine months of 2021, Genesis’s Australian operations generated gross revenue of approximately $15,765,000 (AUD$21,371,861) and derived EBIT (Earnings Before Income Tax) of approximately $1,035,600 (AUD$1,403,919); all figures are unaudited. At closing, 56 stockholders of Genesis representing 95.28% of the common stock of Genesis have accepted SMC’s offer. It is expected the remaining Genesis stockholders (representing 4.72% of Genesis common stock) will come on board very soon.
 

2. The Company engaged the independent auditing firm BF Borgers CPA PC, a PCAOB-certified auditor, to complete SMC's financial statements audit for the years ending in 2019 and 2020.
 

3. The Company retained Buckman, Buckman & Reid, Inc. to provide investment banking services, help in facilitating a capital raise and other advisory services.
 

4. The Company expanded its board of directors by adding Mr. Charles R. Provini as an independent director and chairman of the board and added Mr. Warwick Kerridge as a director.

 

5. The Company’s upcoming activities for 2022 include but not limited to:

 

6. File required documentation with regulatory bodies to attain reporting issuer status. This milestone will be initiated after the completion of the Company’s 2019 and 2020 financial statements audit.
 

7. Up list to a senior exchange once the Company attains its reporting issuer status with the SEC.
 

8. Raise funds of up to $15 million for working capital and future acquisitions. The Company has an aggressive agenda to increase revenues and expand its operation globally thru growth by acquisition strategy.
 

9. ** Retire restricted shares. Two shareholders have provided written approval to the Company and its stock transfer agent to cancel 23 million restricted shares. Their certificates are lost and all parties are working on alternative plans to cancel them. The Company is waiting for a third shareholder to execute appropriate documentation to cancel 40 million restricted shares; the Company has in its possession the 40 million share certificate. The Company provided a proposal to a fourth shareholder to cancel 30 million restricted shares; the proposal expired and the Company didn’t hear back from the shareholder. The Company provided a proposal to a fifth shareholder to cancel 200 million restricted shares; the shareholder provided a counter proposal that is not acceptable to the Company. The Company might be forced to seek legal avenues to cancel the 230 million shares. The Company would like to inform the public that these shares are restricted and cannot be turned to free trading shares without the Company’s consent which the Company won’t provide without an amicable solution reached.
 

Our Australian operation has concluded terms for the launch of a new joint venture enterprise in Australia which will be launched in Q1 2022. This joint venture consolidates our ties to the accounting sector in Australia and delivers financial planning and wealth management as well as best practice training and management solutions to the targeted accounting firms in Australia. It also accesses significant funds under advice and funds under management. Details of this Joint Venture will be announced in the coming weeks following completion of the due diligence and financial plan regarding the Joint Venture.
 

Consistent with our growth plans we have identified potential acquisitions in both the United States and Australia. Preliminary due diligence is currently under way.

 

 
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SMCE News: SMC Entertainment retires additional 40M shares from outstanding shares 01/31/2022 06:23:29 AM
SMCE News: SMC Entertainment acquires 100% equity interest in Genesis Financial 11/22/2021 06:37:43 AM
PostSubject
#17699  Sticky Note SMCE fantastic news today https://investorshub.advfn.com/uimage/uploads/2022/2/1 threewheeler 02/14/22 04:33:54 PM
#17992   All of the great PR from SMCE and JWales 05/12/22 10:45:15 PM
#17991   Smce has never NOT SUCKED. DJ Ponder 05/02/22 03:28:18 PM
#17989   I read this a few days ago…what happened? waterchaser 04/30/22 11:14:43 PM
#17988   So smce STILL SUCKS as it always has. DJ Ponder 04/29/22 05:11:50 PM
#17987   Careful Hombres. Alford, Howard, Kerridge, the Australian JWales 04/29/22 08:33:52 AM
#17985   SMCE got ASK smacked oldstocks 04/26/22 09:48:42 AM
#17984   SMCE some ask smacking early yesterday see if threewheeler 04/26/22 09:20:06 AM
#17983   Cosight in Australia is managed by Andrew Howard. JWales 04/26/22 06:08:23 AM
#17982   *****They sure are ! Now da ask is 1vman 04/25/22 03:48:33 PM
#17981   SMCE .0066s going buy bye nice threewheeler 04/25/22 10:40:24 AM
#17980   Yep this is old news about GENESIS FINANCIAL, oldstocks 04/25/22 09:45:58 AM
#17979   SMCE on the move North, lets see pennyland threewheeler 04/25/22 09:36:12 AM
#17978   Crashing right thru pennyland this week would be oldstocks 04/25/22 09:10:38 AM
#17977   *****Say What ? Did SMCE issue a 1vman 04/25/22 09:05:12 AM
#17976   SMCE yeap crashing right thru pennyland this week threewheeler 04/25/22 01:49:59 AM
#17975   Looks like a big crash setting up for Monday. waterchaser 04/23/22 12:22:05 AM
#17974   SMCE 0.0058 up 70.59% oldstocks 04/22/22 07:29:37 PM
#17973   SMCE sellers exited time for pennyland threewheeler 04/22/22 03:17:52 PM
#17971   This last POS smce = same as all DJ Ponder 04/20/22 11:25:30 AM
#17970   *****Where did management go ??? wheres all da 1vman 04/20/22 08:56:25 AM
#17969   SMCE had one last “hurrah” when they hired waterchaser 04/19/22 09:42:58 PM
#17966   They still owe Kanno? The Company entered into VeronicaFox 04/15/22 12:20:52 AM
#17965   SMCE staying current https://www.otcmarkets.com/otcapi/company/financial-report/ oldstocks 04/14/22 06:58:17 PM
#17964   Rotsa ruck with that. DJ Ponder 04/14/22 06:43:12 PM
#17963   Recently acquired Genesis, with 23 employees under its oldstocks 04/14/22 06:35:28 PM
#17962   *****SMCE is a scam ! always was 1vman 04/14/22 07:40:24 AM
#17961   As always.....lol DJ Ponder 04/13/22 03:58:15 PM
#17960   SMCE continues to circle the drain. waterchaser 04/13/22 03:43:31 PM
#17959   https://t.me/otcupdates/21505 threewheeler 04/05/22 08:55:07 AM
#17958   She's gonna be a DOOZIE! DJ Ponder 04/01/22 01:07:57 PM
#17957   Get ready hombres. JWales 04/01/22 09:20:00 AM
#17956   Thats all smce has EVER been. DJ Ponder 03/30/22 11:12:24 AM
#17955   Ok Hombres, ‘bout time to spit. JWales 03/30/22 05:02:41 AM
#17954   Hope so…. MattyTrader 03/29/22 02:29:29 PM
#17953   SMCE heading for pennyland again threewheeler 03/29/22 12:08:06 PM
#17952   Cmon trips JJZander 03/28/22 03:09:44 PM
#17951   SMCE has claimed SEC financials / audited financials VeronicaFox 03/23/22 03:35:32 PM
#17950   Any chance of an audit SMCE? Didn’t JWales 03/23/22 03:31:07 PM
#17948   The loud "music" had already stopped before the DJ Ponder 03/23/22 01:26:22 PM
#17947   Yep, the music stopped with the silly paid waterchaser 03/23/22 01:19:49 PM
#17946   SMCE: How to tell when you've become a DJ Ponder 03/23/22 01:17:21 PM
#17945   Otc turning a corner… hopefully Smce can wake up MattyTrader 03/23/22 01:01:35 PM
#17944   You still think he is the best…..??? Gremlin2 03/23/22 12:55:30 PM
#17943   I’ll bet SMCE paid AT LEAST $5.00 for waterchaser 03/22/22 06:20:16 PM
#17942   *****WOW ! That was a fast and done 1vman 03/22/22 05:36:23 PM
#17940   SMCE Security Details threewheeler 03/21/22 11:25:40 PM
#17939   *****Massive just massive dilution here ! BUYER_BEWARE 1vman 03/21/22 06:12:33 PM
#17938   yeap threewheeler 03/21/22 05:28:17 PM
#17937   Compensated pump = T-Trades = Dilution. waterchaser 03/21/22 05:23:12 PM
#17936   Anyone notice SMCE trade 4:05 2,100,000 shares @ .004606 oldstocks 03/21/22 05:15:52 PM
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