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SMCE .006s entrance fast approaching
it was bottomed last month now getting some traction
8K? The management of SMCE live in a world of fake PR and if an SEC file was made it would be through the gritted teeth of bankruptcy.
SMCE life, lets get those updates or are insiders just scooping up everything b4 PRs/8Ks are revealed
Needs mgmt and advisors to get their head out of their rears.
SMCE needs updates bigtime now
$SMCE
0.0025
Pink Current, AS: 1.4B, OS: 930M, US: 295M
Public Float Updated:
- 123,287,468 (2021-07-27)
+ 265,034,723 (2022-05-18)
Difference: +115.0% (+141M)
Chart, OTC Profile, Twitter, @otcupdates
Update: 2022-05-18 15:40:44 (UTC)
Mr Hughes where are you undertakings for Q1? SEC filings are doubtful and investors have been misled.
All of the great PR from SMCE and not one piece of it has turned out to be true. An enterprize that can’t afford to pay its lawyers and auditors shouldn’t be allowed in the market.
I read this a few days ago…what happened?
So smce STILL SUCKS as it always has.
Careful Hombres. Alford, Howard, Kerridge, the Australian promoters of Genesis//SMCE have either a criminal record or close criminal associations for murder, forgery, embezzlement, theft, false IPO’s, multiple bankruptcies, identity theft, criminal damage and criminal tax evasion. Their operation here in America is a scam within a scam.
SMCE got ASK smacked
SMCE some ask smacking early yesterday see if it continues today
Cosight in Australia is managed by Andrew Howard. He is the close associate of a convicted murderer and has been associated with a number of scams. SMCE and Genesis still can’t find any white hats Hombres, only black hats.
*****They sure are ! Now da ask is at .0056 ! WHOOPS
ENOUGH SAID
SMCE .0066s going buy bye nice
Yep this is old news about GENESIS FINANCIAL, INC. COMPLETES ACQUISITION OF BALLAST GROUP AND COSIGHT FINANCIAL LIMITED
New York, July 07, 2020 (GLOBE NEWSWIRE) -- Genesis Financial, Inc., a globally diversified financial services company with a focus on Fintech Investment, Wealth Management and Lending Platforms, today announced that it successfully completed its acquisition of Ballast Holdings Pty Ltd. (Ballast Group) on June 30, 2020.
Ballast operates as a holding entity for its operating subsidiaries: Ballast Accountants Pty Ltd., Ballast Financial Planning Pty Ltd. and Ballast Superannuation Management Pty Ltd. The Ballast Group provides a comprehensive range of accounting and taxation advice and solutions for investors and small- to-medium businesses. Its services include tax planning and structuring, management and cash flow reporting, tax returns and ASIC compliance, including a SMSF specialist practice and can also assist with buying and selling businesses. The Ballast Group also offers finance and mortgage advice services through agreements with various mortgage brokers and aggregators.
The Ballast Group represents $120 million (USD$85 million) in funds under management and has a strong affiliation with its clients long term. Ballast operates a business with high gross margins which have driven an EBITDA for the fiscal year ended June 30, 2020 of AUD$2.05 million (USD$1.45 million) and had over AUD$1.8 million ($1.276 million) cash in hand at June 30, 2020 which will be consolidated into Genesis’s June 30, 2020 balance sheet.
Ballast Group’s key operating areas include:
• Funds management and advisory services;
• Funds administration; and
• Wealth management.
Genesis has also completed the acquisition of Cosight Financial Limited through a share exchange. Cosight holds valuable intellectual property which is expected to allow Genesis to expand it platform of investment management services across all major asset classes, both in Australia and internationally, to a diverse set of institutional clients and to provide the base for expanded portfolio management and financial advisory services primarily catered to institutional clients, such as investment funds, corporations and financial institutions.
Genesis’s acquisition of Ballast and Cosight was funded by a debt facility and by the issuance of Genesis common stock to the stakeholders of Ballast together with deferred cash consideration.
“We believe that our acquisition of the Ballast Group and Cosight will provide our company with a substantially enhanced base from which we can develop a full-service suite of funds management, portfolio management and advisory and dealer network services,” commented Genesis Financial’s Chief Executive Officer, Russell Cameron.
“The additional earnings derived from an increased number of profit centers and planners is expected to position the Company for growth and provide our clients with a truly global perspective. We see the Australian financial market as being secure, stable and operating within a legal framework and we believe that the similarities between the financial planning and portfolio management skills in both regions will enable us to develop an expanding cultural and financial model. We believe that the revenue profile will enable us to consider additional short- and long-term opportunities focused on U.S. enterprises and that the combined acquisitions present a very exciting opportunity for Genesis Financial
SMCE on the move North, lets see pennyland this week
Crashing right thru pennyland this week would be great! Genesis Finacial is what should get us there.
Old news before SMCE bought Genesis:
GENESIS FINANCIAL, INC. COMPLETES ACQUISITION OF BEACON GROUP COMPANIES
New York, July 07, 2020 (GLOBE NEWSWIRE) -- Genesis Financial, Inc. announced today that it successfully completed its acquisition of Beacon Group Companies (renamed The Financial Link Group) on June 30, 2020. The Financial Link Group (TFLG) is an Australian-based nationwide dealer group formed to fill the gap between the institutionally owned dealer groups and the small dealer groups that emerged following implementation of Future of Financial Advice (FOFA) regime by Australia’s Parliament in 2012. TFLG’s business model is designed to enable authorized representatives to work for an independent dealer group without having to take on their own risk through acquiring their own financial services license. In July 2015, TFLG successfully acquired and merged with a third dealer group and now represents approximately 120 plus authorized representatives, AUD$1.2 billion (USD$850 million) in funds under management (FUM), AUD$50 million (USD$35 million) in a premium in force (PIF) and gross revenue of AUD$19 million (USD$13.5 million)
TFLG will look to expand by onboarding authorized representatives that are looking for a company with a strong compliance regime and support team.
“The acquisition of Beacon Group Companies represents the next stage of evolution of Genesis Financial. TFLG has a long and respected history in the financial and annuity industries. TFLG's size, scale, and financial strength provides Genesis with strategic advantages to grow and capitalize on organic and inorganic growth opportunities. We expect continued growth with the acquired business as a platform.”
SMCE yeap crashing right thru pennyland this week
Looks like a big crash setting up for Monday.
SMCE 0.0058 up 70.59%
Looking at todays chart it looks like a bunch of sellers sold and then just before close it ran up. Looks like someone knows something.
SMCE sellers exited time for pennyland
This last POS smce = same as all the POS smce's.
.
*****Where did management go ??? wheres all da prs and paid promotional campaigns ???
Meet the new boss same as the old boss
ENOUGH SAID
SMCE had one last “hurrah” when they hired the “nutcases” to promote this loser. “Nut case” describes the promoters in a “nutshell”. They were just “freewheeling” obviously.
The paid promo was a flop and now SMCE is dying on the vine. Down another 12.5% today.
Time to move on to the next scam I suppose.
They still owe Kanno? The Company entered into a Stock Purchase Agreement dated February 3, 2018 (the "Agreement") between the Company and Sanwire Corporation pursuant to which the Company acquired two subsidiaries of Sanwire. The purchase price under the Agreement was $1.00 plus the unconditional assumption by the Company of $1,087,500 of Sanwire's obligations under a prior Convertible Promissory Note in favor of Kanno Group Holdings ll Ltd.
Rotsa ruck with that.
Recently acquired Genesis, with 23 employees under its purview along with 120 financial consultants, advisors, and representatives, is a fully integrated financial technology company with a full suite of digital financial services solutions. Genesis, focuses on fintech-powered wealth management services, operates its business through two Australian regulated entities in wealth management, tax and accounting advisory services. The two operating subsidiaries are the
Ballast Group
and
The Financial Link Group.
For more information, visit www.ballast.com.au and www.tflg.com.au.
Genesis Financial, Inc, is a wholly owned subsidiary of SMC Entertainment, Inc. Genesis has two subsidiaries: Ballast Group and The Financial Link Group
Principal products or services, Fintech-powered wealth management services
SMC Entertainment, Inc. Effective December 10, 2021, the Company completed its acquisition of 96.4% Equity Interest in Genesis Financial Inc. (“Genesis”), a diversified financial services company with a focus on fintech-powered Wealth Management advisory services. Pursuant to the terms of the agreement the Company acquired 96.4% of the issued and outstanding securities of Genesis. Genesis operates its business mainly through two Australian regulated entities in
wealth management, tax and accounting advisory services.
The subsidiaries are Ballast Accounting and The Financial Link Group. For more information, visit www.ballast.com.au and www.tflg.com.au.
*****SMCE is a scam ! always was always will be - Meet the new boss ( Ronald E. Hughes ) same as the old boss
ENOUGH SAID
As always.....lol
SMCE continues to circle the drain.
She's gonna be a DOOZIE!
Get ready hombres.
It’s April Fools Day so the PR from SMCE is gonna be good!
Thats all smce has EVER been.
Ok Hombres, ‘bout time to spit.
These PR announcements by SMCE are nothing but lies, which is not news to anyone. The Australian operation is a failure without credentials and there’s none of the funding or deals claimed. SMCE is a scam.
Nothing delivered for Q1 except BS and a wish that the price will go to a penny so that management can dump shares again to make a living beyond food stamps.
SMCE heading for pennyland again
SMCE has claimed SEC financials / audited financials since Tashjian was CEO.
That’s never happened.
Any chance of an audit SMCE? Didn’t think so, that would prove that this operation is yet another Tim Alford scam.
The loud "music" had already stopped before the amateur hour commenced.
Yep, the music stopped with the silly paid promo last week. Silence today… SMCE saved $5 I suppose.
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.
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