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Sounds about right as TIMING is the name of the game IMO and NOW with the RUSSIAN IDIOTIC INVASTION on going, HOLD AND WAIT, WAIT AND HOLD...
Yeah. After a massive reverse split. Lol
CETI is the old XGEN and we thought that was a dog wow hit 2 bucks today
Have you seen Ceti? it is the same custodian as SFIN...i think the best is yet to come
Of course anything can happen however this ceo stated it’s happening in his last filing
we have seen more than 1 r/s Cancelled b4, anything is possible, so absolutely riding this all the way bust or boomtown SFIN
That is from the latest 11/13/21 filing. But, how can less than .3 of 1% ownership be giving priority to existing SFIN shareholders. Remember, Alan Bentley controls SFIN now and he is using the publicly traded SFIN shell to acquire 100% of the outstanding stock of his company, Bentley Intelligence limited. The 1-for-500 RS and corresponding issuance of 150,000,000 new post-RS shares to himself forms the consideration for the deal, and effectively guts current SFIN holders.
You just don't typically see anyone bringing Capital, assets, and valuable businesses into dormant essentially worthless shells and just gifting everything to the holders of the shell. Shells like this are everywhere and can typically be purchased for anywhere from $350,000 - $800,000. Investors can profit from obtaining control of an existing publicly traded shell if they can acquire one for less than it would cost in legal, investment banking, and CPA firm fees to go public on their own and complete an IPO.
Bentley is conditioning the Reverse merger on the 1-for-500 Reverse split, coupled with the immediate issuance of 150,000,000 post-reverse-split shares to himself, such that Bentley will own 99.7+% of the equity in the resulting newly capitalized company, with the current SFIN shareholders holding less than .3 of 1%. He would only do the deal to get the shell, and he is not going to bring in capital, assets, and any businesses of value and just gift it to the SFIN shareholders under the current share structure. And the CE has to come off before any of this can happen.
Per the latest filings on November 13, 2021, the reverse merger with Bentley and acquisition of 100% of the outstanding shares of Bentley Intelligence LTD is dependent and conditioned upon the 1-for-500 share RS and issuance of 150 Million post-reverse -split shares to Bentley occurring first, i.e. the deal never comes to pass without the RS and issuance of the 150 Million post-split shares to Bentley:
On January 5, 2021, the Company entered into a reverse merger agreement with Bentley Intelligence Ltd, an entity organized under the laws of England and Wales, to acquire 100% of the outstanding stock of Bentley Intelligence Ltd. Closing of the deal is dependent on the completion of a reverse 1:500 split of the Company’s common stock and the issuance of 150,000,000 post-split common shares to the sole shareholder of Bentley Intelligence Ltd, Alan Bentley. As of the date this report was filed, the reverse split has not been executed
Explain that to Bently
Ok, well, I hadn't noticed, we have a great shareholding structure, it is even no longer necessary to carry out the R/S, in the OTC everything is possible
Ignoring the massive RS?
have reduced the structure? I do not remember ...
SFIN Security Details
Share Structure
Market Cap Market Cap
885,885
01/28/2022
Authorized Shares
500,000,000
01/28/2022
Outstanding Shares
221,471,258
01/28/2022
Restricted
10,465,949
01/28/2022
Unrestricted
211,005,309
01/28/2022
Held at DTC
0
01/28/2022
SFIN watching closely for any filings
Only 2 MM's left on the Bid side for SFIN shares, but NITE seems to still have a bit of an appetite for SFIN shares at .004
As meme stocks fall, sports betting apps are angling for customers
https://nypost.com/2022/01/27/as-meme-stocks-fall-sports-betting-apps-are-angling-for-customers/?
Why would you say no RS when it’s in all the filings?
Especially when the merger is dependent on it.
Bagholders are stuck as it is
GREAT SFIN SPEC STOCK in this MISERABLE MARKET AND NO REVERSE SPLIT HAPPENING IMO....SFIN ???????????????????????????????????
The merger is dependent on the reverse split. What aren’t you understanding?
A little over $2, but if you had, say 2 Million shares before the Reverse Split you would have 4,000 shares after the RS at the higher price.
You're missing the point and unfortunately sold your shares to the smart money in anticipation of the CE removal.
Hey, I'm not saying a RS isn't going to happen, it may down the road (weeks/months) as the dust settles, it's just that there will be fireworks and big money to be made before it happens. The groups I mentioned who have worked with Bentley for three years will tell him to take his foot off the gas and let them do what they do. Happens every time. Enjoy.
If it reversed here say at this price how much would it be a share ?
440k wont take much to get this in dollarsville
Correct, leaving only about 440,000 or so post-RS shares other than Bentley's 99.7%+ of the outstanding shares, which will not provide any liquidity for a market in the shares.
well put what ever shares Bentley gets will obviously be RESTRICTED probably atleast a year
Of course they want shares, there just aren't any available despite they retail keyboard warriors telling you everyone has throw in the towel.
Look, private equity groups and capital markets consultants have taken three years to turn this shell around. In all public deals, there are key paydays along the way....you've seen the first back in 2020 when the shell was taken over and the run to .05. Millions of shares were were accumulated in the months prior. Yes, Bentley will get paid on the back end. Now, removal of the CE is a major milestone and they won't let the opportunity pass them by. Bentley is in no rush and the aforementioned groups will do their thing and get paid on the next big run.
Somebody wants shares, why ? maybe there will be a run between after the CE is removed and the R/S and if the additional shares don't go on the market there will still be the chance for a 3 400 % gain.
US authorities requested the website go live and the recent profile changes were made to clean up the references to Sportingfunds Inc. (the eventual rebrand). Alan's email was changed back to @bentleyintelligence
I am not sure it matters, as Bentley would not be selling or trading his shares anyway. If he pulls this off he will own most everything and there will be only around 442,000 other shares left with the existing SFIN shareholders as the actual trading float, i.e. there will be insufficient liquidity in the remaining shares to have a decent market in the shares, unless Bentley would, for some reason, decide to sell off some of his interest and control. But, that is not at all likely in the early going as he will want to build up and grow the business and get everything up and running before thinking about selling any of his massive holdings, IMO.
Takes time to be removed. OTCM isn’t going to Willy nilly remove CE off of stocks that were fraudulent or bad actors in the past
I’m not really worried about the control block. That’s just something that needs to be done. Are they common or restricted shares he’s receiving?
Verified Profile 01/2022 https://www.otcmarkets.com/stock/SFIN/profile
Transfer Agent Verified IconTransfer Agent Verified
Shell IconShell
Im not OTC Markets cant answer that, but hopefully very soon
and the skull why does it continue if they have presented everything?
As I emphasized the other day, to me it is not so much the 1-for-500 share Reverse Split (RS) that is the problem, but rather the new 150,000,000 post-reverse-split shares that will be immediately issued to Mr. Bentley at the same time, leaving the current existing SFIN shareholders with less than 3/10 of 1% of the equity in the newly merged and capitalized entity. With Bentley then controlling 99.7+% of the outstanding shares there will likely not be sufficient liquidity in the stock to enable much, if any, trading. The key language from the most recent Nov. 13, 2021 Filing lays it all out:
On June 10, 2020, in a private transaction, the custodian entered into a Securities Purchase Agreement (the “SPA”) with Bentley Intelligence LTD, an entity organized under the laws of England and Wales, to sell the Special 2020 Series A Preferred Stock. Upon closing of the SPA on June 10, 2020, Bentley Intelligence (UK) LTD, controlled by Alan Bentley, acquired 60% voting control of the Company.
On July 2, 2020, the Court of Chancery of the State of Delaware entered an Order Discharging Custodian to discharge the Custodian’s authority and control over the Company under the Custodianship. On the same day, Bentley Intelligence Ltd gained authority and control of the Company through voting rights and court order.
On January 5, 2021, the Company entered into a reverse merger agreement with Bentley Intelligence Ltd, an entity organized under the laws of England and Wales, to acquire 100% of the outstanding stock of Bentley Intelligence Ltd. Closing of the deal is dependent on the completion of a reverse 1:500 split of the Company’s common stock and the issuance of 150,000,000 post-split common shares to the sole shareholder of Bentley Intelligence Ltd, Alan Bentley. As of the date this report was filed, the reverse split has not been executed.
Nice. I’ve only ever been through one RS where I actually sold for profit after. I’ll still hold a little lotto here but not willing to go all out based on RS. That being said, CE removal before RS could see a nice pop
as I've posted b4 I have millions so riding this out no matter what SFIN
Nice. Not sure how I feel about this one with that pending RS. Maybe company’s plans changed?
They always do when they take over a old shell
There is no wishful thinking on my side, I totally believe that he is going to screw all the people that own shares now.
SFIN still a VERY INTERESTING SPEC. BUY in my view.....WORTH A BUY SHOT IMO.????????????????????????????????????????????
Wishful thinking ,but going on your assumption or what the company stated on paper
I’d say we need to go by what company stated in the filings
Not assumptions
I am afraid that he has nothing to show, no company no assets, otherwise there is no need for a R/S and dilution after that.
The A/S is 500M the O/S 221M, he has plenty of shares to dump after the CE is removed there is no need for a R/S for now unless he wants to rob the present shareholders.
I was down to my last 1 Million shares here that I had very little in cost wise, and was surprised to see the larger bid at .004, which was 340+% of what I had in my last lot, so I just decided to take away the risk. I actually had sold shares in December at above .005. A long 9-10 year road on this one came to an end for me today, and I feel very lucky to have sold everything over the past 30 or so months at significant gains.
And it isn't so much the reverse split, but the immediate issuance of 150 Million new shares on a post-reverse-split basis to Bentley, which leaves him with 99+% of the equity in the resulting capitalized entity.
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$SFIN
Bentley Intel Incorporated
Click here for Highly Anticipated and Detailed PR Release 8.13.2020
A reverse merger is coming to... Safetek International, Inc.
It's happening per Ben Berry w/Synergy Management, the Court appointed Custodian, in this 7.10.2020 Tweet
1.25.2021 - https://twitter.com/BentleyIntel/status/1353679981658963970
Links to $SFIN SEC CIK# 0000833080 and otcMarkets Disclosure and DE SOS
ALGORITHM BACKED SPORTS TRADING
https://app.duedil.com/company/gb/09718466/bentley-global-uk-limited
Per Companies House a/o 7.12.2020
BENTLEY GLOBAL ( UK ) LIMITED
Company number 09718466
3 Officers
Per Companies House a/o 7.12.2020
BENTLEY INTELLIGENCE LTD
Company number 11439431
1 Officer
Introducing our new CEO - A/O 7.10.2020 - https://www.linkedin.com/in/alan-bentley-8305a610/
Featured Bentley Global Partner, heavily connected onSport™ - ESPN, ESPN scrum, PlayStation, ICC, IPL!!!
http://www.onsport.io
Websites for 4 other Bentley Global Partners:
https://www.hilldickinson.com
https://www.bluewatercapital.co
https://abchurch-group.com
https://novawealthgroup.com/sports-bond/
6.15.2020 - https://twitter.com/synergymgtgroup/status/1272647989992075264
6.15.2020 - https://twitter.com/synergymgtgroup/status/1272578185587232768
5.27.2020 - https://twitter.com/synergymgtgroup/status/1265655169750007809
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