Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Exactly bro it’s CHIEF use to have alias patrick magic Mahomes im with you. Starting over was in rehab but back starting over following wise. Nice to see you again brother.
SMC Announces LOI to Acquire Chaintrade LTD.Press Release | 05/08/2024
BOCA RATON, FL / ACCESSWIRE / May 8, 2024 / SMC Entertainment, Inc. ("SMC" or the "Company") (OTC Pink:SMCE), an incubator company focused on acquisition and support of commercialized financial services and technology (Fintech) companies, is excited to announce they have signed an LOI to acquire Chaintrade LTD, an AI Fintech company. Chaintrade has developed an AI Powered Asset Trading Platform that allows users to trade any Equity, ETF, Commodity, and Index with the support of a personalized AI Powered trading assistant SMC has agreed to acquire the platform and looks forward to completing the necessary due diligence to close this acquisition quickly as the platform is ready for commercial launch.
Chaintrade is a joint Venture between Plato Data Intelligence and Redmatter.Capital. and was built to revolutionize trading and investing by leveraging AI's predictive capabilities while improving risk management and asset allocation, ensuring more personalized investment strategies. Chaintrade's portfolio management utilizes AI to evaluate assets within a portfolio.
"We look forward to closing the acquisition of Chaintrade, once completed we will have a fully functioning model to deploy." quoted Erik Blum, Chairman & CEO of SMC "This acquisition will advance our infrastructure and technology tremendously. SMC can now shift from conception to application and full implementation of our SaaS vision. After closing we plan on re-branding our AI component, as FYNN AI We look forward to introducing FYNN as a new, next generation learning and research AI designed to help you trade smarter. We will continue to update shareholders as things develop."
Prem Couture / Founder of Redmatter Capital: "Our AI analyzes performance, investor sentiment, fair value, and risk factors to provide personal insights enabling informed decisions and optimized portfolio performance. We have spent the last 3 years building our infrastructure around faciliting both OnChain and Offchain transactions in a highly secured environment."
Bryan Feinberg, Founder of Plato Data Intelligence: "As the underlying technologies we are developing continue to evolve, we can play in making AI more accessible to everyone, especially across emerging markets."
About SMC: https://smceinc.com
SMC is a versatile holding company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies. SMC's multi-discipline growth by acquisition approach is to enhance revenues and shareholder equity.
About Chaintrade: https://chaintrade.ai
Chaintrade LTD is a UK Registered Entity and is affiliated with Red Matter Capital LTD a registered financial service company, with its subsidiary licensed under a securities trading license granted by the Montenegro Capital Market Authority (CMA) Authorized by the law on capital markets by the government of Montenegro.
Press Release Contact
Erik Blum
CEO
SMC Entertainment, Inc.
360-820-5973
Safe Harbor Statement
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by the third-party. Therefore, in no case whatsoever will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages.
SOURCE: SMC Entertainment, Inc.
View the original press release on accesswire.com
https://www.otcmarkets.com/stock/SMCE/news/SMC-Announces-LOI-to-Acquire-Chaintrade-LTD?id=439810
Im not sure what all the complaining about dilution is here. The accumulation has been crazy here it would be noticeable if there were toxic dilution, that’s not the case here. We flagged here all day. If we get continuation tomorrow we soar and open otc eyes.
$SMCE I can’t believe the entire OTC is not all over this one yet. Every AI big board has went crazy if we get a continuation candle to new highs tomorrow we will soar many eyes will be opened if so. Crazy accumulation here. This is a OTC dream play with this SS and no change. pic.twitter.com/o452OUFtsR
— Brian Sowa (@sowa32214) May 22, 2024
Well, If you're CALLING IT Dilution, you'd be CALLING IT Wrong! There has been no dilution! At least since I bought in
Check the next update, stop pretending everyone is stupid yes. I CALL IT how it is, that’s why she could not move above 13’s
Unrestricted OS has NOT changed, therefore there is NO Dilution!
was there a particular fundamental driver today????
Yes that’s before today.
OTCN needs to take off...getting hit now.
I tried for some 007's yesterday then cancelled the order mid day...sheesh....was there a particular fundamental driver today????
Wow it popped today and posters showed up
I picked some up in the last couple days @ .0007
No dilution since I posted here, Unrestricted OS 576,687,468 05/07/2024 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174381589
Patience here. This is going to move. I noticed the old gees are locked in on this...
Why is this company diluting here wtf let her run
Looks like its going to explode even more...relentless buying
Pop is right on time, exactly 2 weeks from the 181mill volume scout day!
Fliptard getting hammered now they will buy above 002
Held at DTC
501,934,722
With this SS this is going to move quickly
Damn up 100%...slow down baby dont go too fast lol
You are correct but the company has not had any revenues with that $25 million purchase a year ago.
What will matter is when Fyniti produces revenues.
That is what we have been waiting for.
This new LOI do we know if it has revenues?
Are these 2 platforms going to tie in together to make revenues?
SMCE.....This is what counts! SMC Closes $25 Million Acquisition of Fyniti Global Equities EBT Inc., AI-Enabled Wealth Management Technology Platform
May 10, 2023
I think we have about 60 days before SMC Executes a Purchase Agreement to Acquire 100% of AI Powered Asset Trading Platform, Chaintrade LTD
If the last LOI is an example of timing and news release. During this time the stock was trading at about .001 and went as high as .0046 and retreated back to .001 and fluctuated from .001-.0013 until 60 days later when news came out of the purchase agreement, the stock hit .002 with 121 million shares traded.
The stock before this LOI news was trading between .0006-.0008
We can expect the stock to fluctuate between .0006-.0009 until this new LOI is completed. Then when news comes out this could hit .002 again.
SMC Signs Letter of Intent to Acquire AI-enabled Wealth Management Technology Platform , Fyniti Global Equities EBT Inc.
February 15, 2023
SMC Executes Stock Purchase Agreement to Acquire 100% of AI-enabled Wealth Management Technology Platform, Fyniti Global Equities EBT Inc.
April 18th 2023
SMC Closes $25 Million Acquisition of Fyniti Global Equities EBT Inc., AI-Enabled Wealth Management Technology Platform
May 10, 2023
Now if SMCE pulls a rabbit out of the hat news before the 60 days like Fyniti deals of paying customers and starts generating revenues this could run higher because SMCE has not reported any significant revenues in a long time.
Any revenues could get SMCE noticed.
The $300,000 in assets i think they will never actually see or get any of the money. It should be wiped of the books just like Genesis was rescinded
I believe it is on the books because:
SMC receives $300,000 from Genesis; $50,000 upon Agreement execution and $250,000 within sixty (60) days thereafter
As in this news release: February 21, 2023
https://www.otcmarkets.com/stock/SMCE/news/SMC-and-Genesis-Financial-Agree-to-Vary-Scope-of-Current-Relationship-and-Execute-33-Million-Investment-and-Exclusive-Di?id=390518
Genesis is a thorn that keeps on pricking.
Genesis has failed financially for FDCT and SMCE
Didn’t get much 8’s today but will park it there and load until traders come then smack that ask
Surprised this is still down here, I know that it will be another 01 plus
Maybe came after March 31st?..bid is now close to 10 milly!!!
That’s what I was thinking
Got me some more 8's !!!! thank you!!!
Good point it should be $25,300,000 in assets??
How is it they still only have $300,000 in assets after the $25 million Fyniti acquisition?
Great bid support @ 8!!!!!
Interesting…..
10Q out just now...
Lucky you, i did not sell at .0016 or .0015 or .0014 or .0013 i was driving to and from the airport when it was running. I watched it fall. I sold some at .0012 and .0011 at that point profits had to be saved. I still own it. I would give it another 3-6 weeks before we get more news. Just guessing on news.
I think we start climbing this week after that 100% move.Its only natural
that we had profit takers.
I some sold at .0015 and bought back .0009s so i am a culprit. lol
$SMCE Then and now, high volume...NO DILUTION!!! pic.twitter.com/H8SuUiljB3
— Stocks in Play $ (@ProfitMakerJoe1) May 10, 2024
I updated the intro
Only change was the share structure date.
No changes
https://www.otcmarkets.com/stock/SMCE/security
Followers
|
172
|
Posters
|
|
Posts (Today)
|
74
|
Posts (Total)
|
19868
|
Created
|
10/14/06
|
Type
|
Free
|
Moderators oldstocks JohnnyRothrock MrPuff |
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.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |