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Face it, you guys are going to need to take it lower to dump your shares.
$SMCE #UnderValued
SMC is a versatile holding company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies. SMC has an assembled team of esteemed individuals adept at solving market needs, primarily within the merger and acquisition business landscape. SMC's multi-discipline growth by acquisition approach is to enhance revenues and shareholder equity. For more information, visit www.smceinc.com.
LOL. That news is months old at this point. Just hit the .0011 bid already with whatever you guys have left from that issuance.
$SMCE Closes $25 Million Acquisition of Fyniti Global Equities EBT Inc., AI-Enabled Wealth Management Technology Platform
https://www.otcmarkets.com/stock/SMCE/news/SMC-Closes-25-Million-Acquisition-of-Fyniti-Global-Equities-EBT-Inc-AI-Enabled-Wealth-Management-Technology-Platform?id=400075;
I’ll load up if it hits .0009 or lower. Especially if the share structure doesn’t change between now and then.
SMCE Price prediction
2023-07-17 0.00117 0.001015 0.00132
2023-07-18 0.00121 0.001059 0.00136
2023-07-19 0.00115 0.000993 0.00130
2023-07-20 0.00113 0.000991 0.00128
2023-07-21 0.00112 0.000975 0.00128
2023-07-24 0.001022 0.000865 0.00117
2023-07-25 0.001060 0.000893 0.00121
2023-07-26 0.000998 0.000841 0.00115
2023-07-27 0.000981 0.000822 0.00112
2023-07-28 0.000970 0.000820 0.00112
August starts out even lower and flat all month.
Then Bam! September Rally!
The above can all change depending on buyers or sellers and on NEWS.
Still Holding SMCE and may add in the future.
L2 looked THIN-- bid and ask-- all depends if there are sellers OR buyers-- many do not have patience to wait it out! Counting on a seller! If not-- will SLAP- Time is on my side!
Good luck. If that’s going to happen, it’ll likely be sometime later next week. If the volume stays light through all of next week, that will likely signal that all if not most of that 100M recent issuance has been absorbed. If that’s the case, I expect buds to firm up here .0012/.0013 area ahead of the next move whenever that occurs.
we shall see! WAITING
I don't think you will get a range of 10-11. If you have faith in this company doing well, buying at 12 to 13 is also a good option.
However, the decision is ultimately up to you.
not yet-- if 10-11 become available- will pounce-- want 10m or more. Keeping a close watch.
Seems to have found good support down here in the .0011/.0012 area, as expected from past history. Question is will it start moving up from here? A ton of shares were just soaked up by someone or some group of folks. I do think at some point this will see a very nice move upwards and hopefully this time break that .0025/.003 resistance area. Did you position yet or are you still waiting?
another low vol day-- will we close at 12?
I don’t think we’re looking at much longer for broker/dealer approval. It’s already been three months, so likely another month or so tops IMO. We’re not talking some major multi billion acquisition. Also, name and symbol change should be happening soon.
Broker/dealer LOI Is subject to FINRA and SEC approvals. As much as i would love to see pennies quickly and FINRA and SEC approvals it isn’t going to happen any time soon. FINRA and SEC do not give fast approvals.
I am more interested in Quarter 2 revenues now that Fyniti merger was completed.
Has anyone signed up for the Fynitiiq Quantitative
Investing?
$SMCE fyniti deal complete, broker/dealer LOI in progress, which could be the catayst to send this to pennies! Awaiting update on progress on that, could be anytime soon! Low float moves quick! Many runs in the past. Right news sends it!!!
The above post is copied from twitter.
Yes it was all Genesis fault for not being able to provide documents and audited financials.
This means we do not know how big Genesis was really if at all, nor do we care.
Genesis is the past and was a failed deal because of Genesis.
However it will take FINRA a long time to approve the Fyniti broker deal.
Only thing we can do is while waiting is keep waiting.
I am dealing with waiting on FINRA to approve the CIM Securities broker deal.
FINRA takes a very long time.
I am Hanging in here.
.0011-.0013 has been a good buy area in the past, and could again prove to be a good area moving forward. The selling appears to have slowed down. Perhaps that recent issuance has mostly been absorbed by now, or if there is still some left, they will sell up into buying pressure once interest returns here. Watching...
$SMCE- Appears a bottom baseline formed .0011-.0012 pps
Will look to grab entry here as this rock can easily see an escalated rise with the current SS and expected material updates. Doing the DD here it was easy to predict why this might come down in pps from .0025-.0028 - on its last test.
This time a round - with renewed interest and volume and potentially a company fundamental/ Corp update - one could see a move back to .0025-.0028 en route to that test and BREAK to blue skies.
Well, that very well could be the case or it could have been misrepresentation on the part of Genesis and those associated with them. It’s clear they’re no longer in the picture, at least to me considering there is nothing found anywhere in a corporate filing or registration website. You seem more anti Genesis than the SMC so all I was pointing out is that you’re barking up a tree where Genesis is no longer involved.
The relevance on the Genesis deal is the lies to boost the share price Hombre. Why would anyone believe the PR on the latest deal when the certainty of Genesis was faked?
Erik Blum will get performance shares based on progress. If they up list to a senior exchange (the OTCQB) as shown below, he will get an additional 15M shares (preferred). Minimum PPS for the OTCQB is $.01. His contract is up in November 2023.
$SMCE 450m float pending LOI deal with FINRA regulated broker dealer and now own Fyniti an AI enabled platform worth $25m whose founder worked for Goldman Sachs, Citigroup, Merril Lynch and JP Morgan. Ready for pennies!
Size of company.
Is Genesis is a bigger than Fyniti?
Yeah, and my guess is nothing ever materialized with Genesis. You'll notice they haven't been mentioned ever since then and that was months ago. Nor is there any reference to Genesis or anyone affiliated with them on any corporate registration website. So my point being, you're posting on something that has no more relevance. SMCE moved on and acquired Fyniti, and that is what they are moving forward with.
The PR Hombre was that SMCE acquired Genesis, then in February the deal was called off. The PR then was that Genesis was to pay $300k and again it’s false PR. There ain’t no truth in in SMCE hombre, just like there ain’t no cash.
I don't think SMCE has anything to do with Genesis or that group in Australia any longer. They haven't been mentioned in any recent news and no one associated with Genesis shows up on OTC markets or at the Nevada Secretary of State corporate registration. Sorry mate, but I think you're comments are completely irrelevant these days.
In the land Down Under there’s no revenue for SMCE, never has been. SMCE is a con that’s close to blowing up.
.0011/.0012 has been support in the past. A lot of shares have been absorbed this month since the float increased. Question is how many more shares does GTSM have to offer and will interest return here to churn through whatever overhang remains. Company could do a better job of being more communicative with shareholders. Name/symbol change is in the works here, maybe they are keeping quiet until that happens. This has been a strange one for sure. If you look at the 6 month chart, a ton of shares have been absorbed, and usually there is a large run that follows at some point down the road when that happens. We shall see. Watching and waiting for confirmation this is going to turn back up.
bid at 11 increasing-- now 6m-- there is also a hidden broker.
MM's are matching trades-- take a look!
some closing vol-- paint back to 13 w/30k shares
question for someone following L2 closely-- are the brokers hiding shares? and which ones? THANKS - Not a holder yet-- been waiting for MONTHS.
When the company name will be changed?
Why they are selling low?
When this hits the radar on most active otc, it'll definitely hit the pennies! IMO
Oh wow…a double. My how expectations for subpennies like this has fallen. Used to be looking for penny runs from this level—multiple days of steady gains. Now we’re satisfied with just a blip in the radar? Made it to what, .0028 a few weeks ago? Geesh. We can do better, folks.
SMCE
RELOADING in progress for another push / up! With even a hint there's news...easy double+
Based on $5 million in revenues, what would the stock price be?
1. I think to To be a wealth management technology platform provider charging monthly fees for stock picks requires SEC and FINRA approvals.
2. On February 28, 2023, SMC announced it signed a Letter of Intent to acquire a minority stake in Broker Dealer ("BD LOI") for equity pending FINRA approval.
3. SMC clarified that BD LOI and Fyniti LOI were two separate transactions and subjected to separate processes and approvals.
4. FINRA Regulates Broker-Dealers, Capital Acquisition Brokers, and Funding Portals. A Broker Dealer is in the business of buying or selling securities on behalf of its customers or its own account or both. A Capital Acquisition Broker is a Broker Dealer subject to a narrower rule book. A Funding Portal is a crowd funding intermediary.
5. Changes of Ownership or Control
FINRA Rule 1017 requires advance notice—but not prior approval—of changes of ownership or control in the form of a Continuing Membership Application. Form CMA must be filed at least 30 days prior to making such a change to give FINRA an opportunity to conduct a preliminary analysis of the change based on FINRA Rule 1014. A firm may affect the change before the final, written decision is issued, but the FINRA MAP Group may impose interim restrictions that would remain in effect until the application is decided. In the event of a denial, lapse or withdrawal of the application, the new owners (if the transaction has been consummated) may not conduct business.
Firms also are required to file an application and obtain prior approval of mergers and acquisitions, as specified in Rule 1017. Rule 1017(a)(3) requires an application and approval prior to the sale or transfer of 25 percent or more of a firm’s assets or any asset, business line or operation that generates revenues of 25 percent or greater of the selling firm’s earnings over a rolling 36-month period. The 36-month period is measured backwards from the date the application is initially filed (see Notice to Members 04-10 for more information).
Additionally, Rule 1017 is not limited to changes that occur all at once. The rule is triggered when the change, whether in increments or otherwise, results in one person or entity owning or controlling 25 percent or more of the equity or partnership capital of the firm for the first time.
Checklist for Organizational Change: Mergers, Acquisitions and Successions
If your firm is undergoing an organizational change, it may affect the ways in which you interact with FINRA, such as your membership application and system-related privileges. To ensure a smoother transition, we have compiled a checklist of steps to consider.
Note: A proposed or projected transaction closing date in the future, but within the next 12 months, should not delay or alter the CMA review process. Applicants have the burden to update all application information as it changes. Applicants should be aware that delays on their part in producing information due to "closing" issues may, in turn, delay FINRA's review of the application.
Why the SMCE needs Broker regulatory approval?
Does the price go up when they have Broker regulatory approvals?
yes- looking for a long term buy-- waiting
Since the Fyniti merger completed in April this quarter should show some kind of revenue from Fynitiiq. Does anyone have any facts on revenues on this quarter? Fyniti should show at least $1 million in revenues for this current quarter beings it was not a full quarter as the new company. The next quarter after that should be a full quarter and show at least $1,250,000 in revenues.
Yearly revenues on the internet put Fyniti at revenues of $5 million a year. Time and future quarterly reports will show actual revenues.
I still hold SMCE at much higher prices. But .0009 may be coming soon. It is how it churns down lower and later runs. It is getting close to .0011 and next will be .0001
The problem is they are waiting for approvals for buying the broker interest.
The approvals take to long and people get tired of waiting.
The other stock F*D*C*T is still waiting for Broker regulatory approval and that was for 81% interest of a broker, then it got changed to 51% interest and now I have no idea what is going on with that approval and everyone lost interest in that stock too.
My shares I have in SMCE are for the long hall.
This stock goes up when people want it and down when they lose interest.
I don't think SMCE is not in play to run up anytime soon, but I could be wrong.
Buy when nobody wants it. I will buy more but not yet.
There are other stocks out there that I have loaded up on or are holding.
If SMCE gets regulatory approval to buy the interest in the broker there will be interest in SMCE.
There is also the SEC Fed lawsuit with Crypto platforms that also hit SMCE too.
Do not know-doubt it- IMO it was the pump players- exiting. PPS was near this level prior to the alert.
https://ih.advfn.com/stock-market/USOTC/smc-entertainment-pk-SMCE/chart/real-time
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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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