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.
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.
Weekly numbers continue to tank and nowhere where they were at beginning of the year. Dilution was to provide for more product acquisition which in turn was to generate more revenue. This company is a disaster!
A peek at what? What exactly am I looking for other than a financial disaster with a probable R/S in the near future???
So you are saying they are going from $10 million to over 11 billion in sales? You are joking right?
https://www.marketwatch.com/investing/stock/sflm/financials
Check out outstanding diluted shares by year .5 billion —>1B—->1.5B just like I said!
More fluff nonsense! This company is showing all the signs of an impending R/S
Diluted shares in 2019 = 1/2 billion. 2020= 1 billion. 2021 = 1.5 billion. These trends tell the real story!
Or by continued dilution!
Sales continue to drop…proportionate to share price drop… proportionate to interest in this mess… and disproportionate to the increased dilution. End of story! I think the only thing that will reverse soon is a near-future split lol!!!
Weekly sales trend through $2022:
$362k -> $355k —> $353k —-> $319k ——> $311k ——-> $298———> ———-> $283k ————$273k ————-> $256k….etc. etc. etc.
Weeks 1-40 revenue: $9.136 Million. Avg = $223k weekly
Last week: $200k
Tell me again how sales aren’t diminishing and the opposite is true?
A more appropriate question is: does anybody really believe this nonsense?
Sales are diminishing as dilution keeps increasing…got it!
I think all the real investors can clearly see that every one of these updates are worthless (much like this stock)…both by the company and others. With all these supposed thousands of “hits” and views and attention SFLM generates (or pumps out), if someone of means really thought this was worthwhile - they would’ve jumped all over this in the past half year. I smell a reverse split by Feb/March 2023… company continues to hemorrhage money/losses and has never come close to turning a true and real profit (i.e., doesn’t require dilution to cook the books).
ALL ABOARD!!! Next Stop SPLITSVILLE!!!!
This SCREAMS an impending R/S within next 6 months - just my opinion...don't care whatsoever what anyone has said, promised, or reported...bottom line is this ship is sinking and can only stay afloat with dilution to attempt to hide the major deficiencies within this corporation's structure! Lots of money being brought in...unfortunately an exorbitant amount being spent - get the lifeboats and lifejackets ready!!!
Here ya go:
Total Sales for SFLM = $12,837,260 (less $2,013,335 returns and allowance) = $10,823,925
Cost of Goods Sold (Inventory, Purchases, Packing/shipping, postage & freight, Jewelry repair, certifications etc.) = $10,066,251
Gross Profit= $757,674
Operating expenses (advertising/promotion, auto expenses, bank charges, computer expenses, credit card fees, payment processing fees [Ebay, Paypal], selling fees, dues & subscriptions, entertainment, insurance, internet, license and taxes, meeting/seminars, office expenses, payroll taxes, professional fees, rent, salaries, security, telephone, travel, utilities, web site, interest expense) = $1,296,823
TOTAL LOSS FOR YEAR = $-538,798
$11million in sales, half million total loss!
There is no real profit to speak of...this company has lost millions in the past few years (net) and constantly has to dilute to raise capital. In my opinion, very poor business model with overhead expenses/acquisitions far too high (currently) and focused on too many "future" (unproven) ideas. Jewelry is one of the highest mark-up items in the consumer market and with the volume of sales in the millions, real investors know something is amiss when there are outstanding loans, and dilution occurring just to raise enough capital to continue purchasing inventory.
Meaningless garbage on another paid website…
Legal Disclaimer
Many of our awareness campaigns are paid via third parties, these third parties are often investor relations companies and/or market awareness companies who have been subsequently hired by the company or an investor/investor group that have shares in the company receiving the awareness. You should always presume that if there is an awareness campaign, someone is selling shares of the firm in issue because paid awareness is almost always a mechanism to sell shares to the public on the open market.
As of 2019, almost 3,000 people were “contributors” — or as they told people at parties, “I’m a columnist for Forbes.”
And many of these contributors are writing about the subject of their main job — that’s where their expertise is, after all — which raises all sorts of conflict-of-interest questions. And their work was published completely unedited — unless a piece went viral, in which case a web producer might “check it more carefully.”
All of that meant that Forbes suddenly became the easiest way for a marketer to get their message onto a brand.
[url] https://www.niemanlab.org/2022/02/an-incomplete-history-of-forbes-com-as-a-platform-for-scams-grift-and-bad-journalism/
Looks like I was right once again!
This will be at .0006-.0007 tomorrow!
SFLM pays to be "featured!" This is a pay for publicity company that only produces what is given to them and paid to "say." Just read the Legal Disclaimer that states they aren't paid directly by companies "featured," but rather by a third party that the "featured" companies paid to forward to this site. Again, I challenge anyone to produce anything relevant in a non-paid format that is published by an independent 3rd party company.
*Legal Disclaimer
This industry article was published for information purposes and paid for by Strategic Innovations Inc. Although the Companies mentioned have not endorsed or paid directly for this article, Strategic Innovations is paid by these companies
Yeah maybe 3 trades will take place now! LMFAO
Was there really only 2 trades total for Friday??? My guess will be a R/S takes place in March…enough time for some dilution here…a little dilution there to make it appear a small profit was made near X-mas. (Even though real investors know real profitability without cooking the books is unachievable with current business plan). And then Boom…my prediction is March 27th, 2023 - IT HAPPENS!
“Business articles” aren’t usually paid by the company discussed! Another “story” that SFLM has paid to essentially advertise. This company appears desperate!
Bidding Wars business model is so good that profitability is not sustainable and can only show a profit by diluting shares!
Forgot to include this: "*Legal Disclaimer
This industry article was published for information purposes and paid for by Strategic Innovations Inc... Strategic Innovations is paid by these companies for social media management; the management includes such articles."
Has there ever been any positive "news" or "reports" from a 3rd party company that wasn't being paid?
To expose misleading half-truth statements!
Ladin pays thousands of dollars in fees for every appearance on MoneyTv…he seeks them out!
“The problem is that these firms are now literally the most common source cited for market projections yet they are groundless and often wildly wrong.
Beware these reports and projections. Stop citing this as evidence, better serve your audiences and save your credibility.”
[url] https://ipvm.com/reports/scam-research
Still has never shown profitability without the need to raise additional capital through dilution of shares…
Not a scam to their customers at all... but to shareholders that are continuing to lose money to fund this severely in debt "operation" that has remained unprofitable for years (without having to dilute shares to raise capital to keep the lights on)... well that could be a much different story!
In other news today, SFLM ordered takeout for lunch and restocked toilet paper with 2-ply this time!
“These individuals are top-notch business people" - really??? That doesn't sound sketchy from a CEO whatsoever...lol! He should have added, "They are really 'swell' too!"
Gross sales means little to nothing with this company and to use 1 week's worth of sales for company to make a statement that represents $15million in potential yearly sales (based off just the one week) is ridiculous. It is quite "telling" the way this CEO chooses his words/phrases - obviously a much larger sample size of half-year totals shows gross sales will be in $10-$12million range...about 20%-30% off of this magical $15million figure.
Maybe they should try focusing on becoming profitable without continued dilution before “exploring” and hoping that fake fantasyland is their (virtual) lottery ticket! Jewelry is one of, if not the highest, consumer product markup by retailers. Selling $10+ million and drowning in debt, diluting to stay afloat screams any or all of the following:
1) They are over-paying for product acquisition
2) Poor business model (Ebay auctions not bringing in nearly enough $ &/or the 10-15% fees is drastically reducing net proceeds)
3) Exorbitant expenditures from “exploring” etc.
4) CEO &/or company doesn’t know what they are doing and can’t stay focused on one concept/retail market/product/idea
Personally, my opinion is it is a combination of all the above. Real investors aren’t backing this; the interest, novelty, and pipe-dreams of striking it rich has worn off and people are left holding huge bags of worthless hopes instead of pennies!
Where is this $14 million revenue you claim? I’ll wait…
"At an annual meeting, Meta CEO Mark Zuckerberg prepares his shareholders for a long Metaverse test of patience: For another three to five years, the project is expected to lose significant money. Some products may not be ready for another 15 years."
Meta Platforms' 'Metaverse' Division Loses $3B in 1Q
https://vulcanpost.com/778632/why-facebook-metaverse-will-be-the-biggest-flop-in-tech-history/
https://www.bloomberg.com/news/newsletters/2022-02-11/the-metaverse-makes-no-sense-and-here-s-why
https://www.thetechnologyletter.com/the-posts/moneyverse-why-the-metaverse-will-fail
https://techcrunch.com/2022/04/27/meta-facebook-q1-2022-earnings/
Down close to 2000% in the past year or so…who exactly is confusing who?
Get the life preservers and rowboats ready...this ship is sinking!