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Apart from the outlaw Timothy Alford, who are the other fraudsters from Down Under?
Volume is increasing. Some news is on the way.
That’s what Genesis (now Gen-Fi) was after with their 3 attempts. I don’t know SMCE’s plans.
GOLQ is currently moving into RCRT (NasDaq) at some point supposedly. GenFi failed to get GammaRey acquired by GOLQ.
I’d expect Genesis /GenFI/GammaRey to try with another sucker OTC shell again later.
I’m not invested in SMCE. Just sharing info in former GNFL fraudsters.
GLTU
So Are they planning $SMCE uplist to NASDAQ??
I didn’t materialize because Genesis is a bunch of Aussie fraudsters that can’t get fake audited fins together to close any deals with all three of the OTC companies they tried to scam their way in too.
FDCT: OTCQB FDCT
SMCE- this company
GOLQ: OTCQB
https://www.marketscreener.com/quote/stock/GENESIS-FINANCIAL-INC-55126296/news/Genesis-Financial-INVESTOR-UPDATE-FOR-GENESIS-FINANCIAL-INC-30221695/
Genesis Financial Inc (previously OTC:GFNL) is a Wyoming SOS company. In February 2023 they changed their name to GenFi Financial Group, Inc.
They then tried to pitch being acquired by GOLQ under Gamma Rey. They are trying everything possible to get into a QB shell. They want to go to Nasdaq based on my DD.
SMCE ain’t worth diddly squat, and you know it.
$SMCE $25 million worth company. Why is it trading in low? Are we expecting any news sooner?
Yep, The POS never hasn’t STUNK.
$SMCE Research Report out by Globe Small Cap-
SMC Entertainment, Inc.(OTC PINK:SMCE)US$$0.0008Per ShareMarket Cap: $1.05M52-week range:$0.0008-$0.00085
https://www.dropbox.com/scl/fi/v2nokz1mjtzkloj7loef8/SMCE-Corporate-Report-Sept-2023-1.pdf?rlkey=b78atmbrfk0dfslglelwa9enq&dl=0
Company report just out, says; " Aperio, a direct competitor of Fyniti, was recently
acquired by BlackRock for $1.05 billion. Aperio offers only one aspect of what Fyniti’s platform can do, which is tax loss harvesting, and does not enable customization or direct investing, as Fyniti’s platform does. In our view, this is indicative of the massive potential Fyniti offers
– in terms of its acquisition potential, should SMC ever choose to sell Fyniti, its monetization potential as a SaaS, and its capability to unseat RIAs, money managers and stock analysts
and be a major disruptor in the wealth management space. SMC is
seeking viable acquisition targets on a daily basis and is further pursuing multibillion dollar
international opportunities related to its Fyniti platform. We believe this company is poised to
explode and become a major player and disruptor in the fintech realm, in terms of its wealth
management disruption potential and far beyond.
— Stocks in Play $ (@ProfitMakerJoe1) September 5, 2023
Definitely over half the shares are restricted. Only 500M float
$SMCE $25 million worth company. This should be traded around 5 cents by now.
This is going to get good. It’s way undervalued
They already rescinded that form. Said they would be filing another. Nothing yet though.
BOCA RATON, Florida – June 8th, 2023 - SMC Entertainment, Inc. ("SMC" or the "Company") (OTC: SMCE), an incubator company focused on acquisition and support of commercialized financial services and technology (Fintech) companies, is pleased to announce the filing of its Form 10 Registration Statement with the United States Securities and Exchange Commission (“SEC”). A copy of Form 10 is available at www.sec.gov under SMC Entertainment Inc.
The Form 10 Registration Statement filing provides our shareholders and investors with a description of SMC’s business and growth strategies, current and historical financial information and other pertinent information such as risk factors and legal disclosures.
Mr. Erik Blum, SMC’s CEO, stated, "We are very excited to announce the filing of our Form 10, a milestone that we’ve been working very diligently to achieve. Upon its effectiveness, the Company will file a corporate action to change company name and a symbol change to better reflect our Fintech business plan.”
Once the Form 10 Registration Statement becomes effective, the Company will be subject to the SEC reporting requirements, including but not limited to Form 8-K for periodic reports, Form 10-K for annual reports and Form 10-Q for quarterly reports.
In addition, SMC is pleased to announce that it has re-engaged its current auditor to conduct SMC’s 2023 annual financial audit and review SMC’s quarterlies.
https://www.smceinc.com/news
$SMCE Name and ticker will be changed soon.
There never will be revenue here.
That I promise
That’s why it is trading below 0.0001 cent.
Weird no revenue?
They issued a special series stock i think.
I just thought they would show some revenue
Just curious, how can you buy anything when you don’t have money?
Quarterly report is out
https://www.otcmarkets.com/otcapi/company/financial-report/379941/content
Ok so they bought Fyniti for $25,000,000 in the middle of April it was completed
That gives the 2 1/2 months running Fyniti
Where are the revenues for this $25,000,000 company?
I see $25,000,000 listed as good will
But that does not list revenues.
I see $300,000 listed and that I believe is because the past merger Genesis did not complete.
I would have thought Fynitiiq would have had some paying subscribers
INCREASED Outstanding Shares Updated:
100 million shares, Ouch!
They always do, have for years
INCREASED Outstanding Shares Updated:
🔴 1,215,960,743 (2023-08-16)
🟢 1,315,960,743 (2023-08-17)
Difference: +8.2% (+100M)
Wow! This ticker has really taken a crap. I fig it would.
Notice of late filing
https://www.otcmarkets.com/otcapi/company/financial-report/378879/content
Usual thought is that these bandits are leading investors on with their tall tales. Again.
Withdrawal of June 8, 2023 Registration Statement on Form 10-12G (File No. 000-56558)
Refile to address the Commission’s comments in its July 6, 2023 letter
https://fintel.io/doc/sec-smc-entertainment-inc-1497230-rw-2023-august-04-19573-5783
We will most likely will not know the SEC comments until it is refiled.
I was wondering same thing. Time will tell I guess.
wonder whats happening??????????? will refile- was there an error??
August 4, 2023
Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, D.C. 20549
RE: SMC ENTERTAINMENT, INC.
Withdrawal of June 8, 2023 Registration Statement on Form 10-12G (File No. 000-56558)
Ladies and Gentlemen:
SMC ENTERTAINMENT, INC. (the “Registrant”) hereby requests that the Securities and Exchange Commission (the “Commission”) consent to the withdrawal, effective as of the date hereof or at the earliest practicable date hereafter, of its June 8, 2023 Registration Statement on Form 10-12G (File No. 000-56558), together with all exhibits thereto (collectively, the “Registration Statement”). The Registration Statement was filed with the Commission on June 8, 2023.
The Registrant is seeking withdrawal of the Registration Statement prior to effectiveness because it plans, instead, to file a new Form 10-12G to address the Commission’s comments in its July 6, 2023 letter.
Please confirm the withdrawal of the June 8, 2023 Registration Statement with a telephone call to the Registrant’s counsel, Matheau J. W. Stout, Esq., 201 International Circle, Suite 230, Hunt Valley, MD 21030. number (410) 429-7076.
If you have any questions with respect to this matter, please contact Matheau J. W. Stout at (410) 429-7076.
Sincerely,
SMC ENTERTAINMENT, INC.
/s/ Erik Blum
Erik Blum
Chief Executive Officer
DAMN-- it hit my buy price-- and have no funds!
took my bid at 9 off-- maybe that will change things-- if it dips-- will replace the order
took my bid at 9 off-- maybe that will change things-- if it dips-- will replace the order
no,- if i did- would have picked up shares already
Do you work for Market makers?
still bidding at 9-- have not picked up a single share.
MM's swapping shares- 5 digit trade
still bidding-- not picking up any shares-- there is at least one other bidder at .0009
I would like to agree with your comment but good luck with that.
We are talking about FINRA approval.
That only says review the application.
Then FINRA will require more information to complete the process and add more time to the calendar.
Very rarely does FINRA give approval in 180 days.
As investors in these companies that are seeking approvals we do not see what FINRA is requiring from these companies. We don't see what changes have to be made to get closer to approvals.
An example of one of the companies I am invested in was trying to buy 80% of CIM Securities, they have been dealing with FINRA for a long time. Now that 80% interest they were seeking was lowered to 51% interest.
FINRA is in the driver seat and there is nothing we can do but wait.
Holding and waiting.
FINRA must review and process substantially complete applications within 180 calendar days.
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Moderators oldstocks jokinjoe DD_dempsey 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.
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