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I think it has to do with the annual report needing revisions. Presumably, that's why OTCM still has it as pink limited. The SOS also responded to my email last month saying SFLM was deemed inactive because the report is overdue.
If the assumption that insiders are loading up is true, this relentless wait while MMs exchange shares at .0002 may be a ploy to slowly make retail lose patience and dump their shares.
If that be the case, the question is... when will "they" have enough shares? How many could "they" possibly need/want?
The SS hasn't changed in 2 months and dilution seemingly stopped once the old debt was cleared. So, it's not like new shares are appearing out of nowhere.
Same here bud. However, if Chad doesn't do something soon, I may need a Lobotomy.
Nope, your last message is blank. I think iHub is deleting or blocking the link. It's ok, I get the jist. Hopefully whatever is going on will eventually work out to something positive.
Hmm, that's strange. It's not showing up for me.
Is there a link you could share?
Do you have something to share?
Who's Chad? 😂
Here's an interesting question I just thought of.
What (or Who) is keeping this from going dark/defunct with the OTC? It got downgraded to Pink Limited right after they filed the 2023 annual report, which presumably means there was something OTCM didn't like? It's been that way since March and they haven't done anything to fix it. Shouldn't they have been required to file a revised report with an attorney letter by now?
They also never filed with the state of Wyoming, which also presumably means there's something that needs to be fixed with the annual report. That got them Administratively Dissolved as of June 9th.
Yet, something is keeping this alive? 🤷
Oh, so much fun!
I do prefer bacon cheeseburgers though.
Make believe was WAY more fun as a kid 😂
To be fair, it seems all this company has done since (and prior to) November 2022 is piss off shareholders.
I'd like to know the deal with that supposed 5-year penalty that nobody has ever been able to find any evidence of. The one that was only mentioned in that ambiguous "press release" only posted on Twitter that has no date, says it's from Ft. Lauderdale instead of Utah, and directs people to the old website and email address for further information.
Anything you can find out is appreciated and more than we know now.
I can't believe you actually got a response.
I'm at the point where I honestly think someone needs to find this Chad MacKay guy, assuming he even exists, and video an interaction with him asking WTF is going on here. Everything about him now, two years later, seems to point to total bullsh!t.
Either ..
a) he needs to explain
b) he needs to be convicted of fraud, or
c) whoever is behind this needs to be outed
And I don't mean any of that in a threatening way whatsoever. It's just what shareholders of a supposed public company deserve.
I wish Chad (or whoever) would just hurry up and sell this thing to someone who actually wants to use it. Maybe the next contender in line will suck less at doing business.
The SFLM ticker is basically a debt-free shell with only 60% of the AS outstanding. It's not an actual company at the moment and nobody has a clue what is currently going on, but the ticker itself could certainly be of value to someone who has a legit plan/purpose.
There is no escape man. We all got hosed by some ghost named Chad. Now, we just sit and wait until the next pump.
Or, should I say HOPE for another pump.
OR... maybe another "change of control".
Perhaps one of our resident experts (you know who you are) has a different suggestion.
And yes, I'm pissed off and out of patience 😂
Maybe he is out enjoying open waters on a shiny new boat that he bought with our money, while we float around on a deflating life raft made of near-worthless shares in this ambiguous "company".
I really don't know what to make of that. Seems quite ridiculous.
I really don't know what to think of that post or the poster. What i do find interesting is that it was made in February, when the stock was already beaten down to 0002/0003, and not during the pump in late 2023.
Found it! This is the post everyone is looking for.
I remember exactly what you're referring to. That stood out as odd to me as well. Impossible to know if it was just a random comment or had some meaning behind it.
In hindsight two years later, it certainly seems like that could be the case.
Which if true, makes us extremely gullible, Chad a scammer, and everyone else involved guilty of fraud.
If only the "company" would communicate with it's shareholders to clear up these questions.
I'd say calling it a fallacy is an understatement. Why the hell did he mention private equity in the press release if that has nothing to do with this "new business"?
“I have been in private equity for the past 15 years and have done a lot of exciting deals. Our team has built an impressive deal flow of prospects that could be acquired or technology that could be licensed by SFLM.”
I don't specifically remember who said the company had no debt, but many of us (myself included) assumed the debt would have been paid off by Chad's supposed private equity company. Obviously we were wrong with that assumption lol
First things first, let's see if we ever hear from the ghost named Chad MacKay again. We are just a few months away from the two-year anniversary of him doing nothing. Maybe November will bring another change of control and we can start all over.
Perhaps, yes. Now it's time for something a bit less covert lol
That's odd. Why would the SS be updated twice in the same week, with the same numbers? It was done on Monday as well.
No clue man. Nothing makes sense anymore.
One 150 share trade today for.... wait for it.... a whopping 4 friggin cents. And it wasn't even a paint, since it opened at 0003 anyway.
There was another day recently I saw a 1 share trade in the daily log. 1 single share.
Figured Hi-Lo and/or AJ would comment 🤷
Ah yes, I see it now. I wonder what Hi-Lo has to say about that. 🤔
Share structure updated today. Assuming these numbers are accurate, I guess we can rule out dilution as the reason for last week's volume.
Authorized Shares
5,000,000,000
06/24/2024
Outstanding Shares
3,100,909,801
06/24/2024
Restricted
237,001,359
06/24/2024
Unrestricted
2,863,908,442
06/24/2024
Held at DTC
2,855,840,891
06/24/2024
Float
1,400,020,942
09/30/2023
Good post. Data is data and cannot be disputed.
Interesting? Or not? I don't even know anymore...
OTC Top 3 most-shorted Stocks (based on Shorted Share Volume not Dollar Value): $TKMO 252,524,248 shares | $UBQU 140,594,879 shares | $SFLM 111,347,601 shares | 2024-06-21 #OTCmarket #stocks #shorting
Ask a dozen people that question and you'll probably get a dozen different answers 😂
Loading, dumping, accumulation, dilution, insiders, market makers....
Unless you are somehow involved, I don't believe there's any way for us regular folk to know.
Assuming the OTCM share structure updates are accurate, all we can do is rule out one of those options. 🤷
Everyone here has been right about certain things and wrong about others. Many of us are long-term shareholders (myself included), others are here for different reasons. In the end, none of that matters.
After two years, what we know for certain to be the current situation is:
- Chad is still nowhere to be found: FACT
- The company is Inactive - Administratively Dissolved for now: FACT
- The ticker has been Pink Limited since March: FACT
- There is no Q1 report available to clear up some questions: FACT
- SFL Maven Corp. is still a complete mystery, perhaps for good reason, perhaps not: FACT
Whatever is going on with all these 0002s and the accumulation chart is certainly odd, and perhaps a bit suspicious. But, that could be a number of different scenarios.
On the positive side, according to the annual report, the debt is mostly paid off. Also, according to what OTCM is reporting, only about 60% of the AS is currently outstanding.
Anything else is speculation because we don't know WTF is going on. Not necessarily pumping, not necessarily bashing.
I asked if they have any idea what's going on, because the company doesn't communicate with shareholders.
I also asked if he knew why the company was Administratively Dissolved by the Wyoming SOS one day before the RA Information Change was filed.
No, I never got a response. Never heard back from the Registered Agent either.
Yes, I do believe that may be the case, or at least the original intention.
That would certainly be best case scenario. Works for me 😂