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1) Not sure where you got that figure & 2) Does that one $50k “alleged” profit offset the 6-figure net losses for 2018 & 2019 and the nearly $4.5 million net loss in 2020?
Real investors see the constant and measurable dilution and big net losses year after year. This company just doesn’t understand how to turn a profit because of a horrible business strategy!
This company is not profitable and will continue to dilute shares to raise money to stay afloat. After losing $400+k in 2018, $300+k in 2019, in 2020 sales grew over 5000%… only problem is they lost $4.5 million! Keep drinking the Kool-Aid!
SFLMaven (SFLM) Risk Checks
Fail
Are they in a good financial position? Has less than 1 year of cash runway
Section 4.4
Fail
Is their share price liquid and stable?
Highly volatile share price over the past 3 months
Share Price
Fail
Do they have a meaningful market capitalization?
Does not have a meaningful market cap ($2M)
Section 8.0
Fail
Do they have negative shareholders equity?
Negative shareholders equity
Section 4.2
Fail
Have shareholders been diluted over the past year?
Shareholders have been diluted in the past year
Is imaginary jewelry in make believe land a lucrative thing?
Authoritative DD here…I told you all for months this was going to hit trips…speculation, promises, and “will do this, will do thats” doesn’t pay the bills or make profits. This company keeps dumping money into pipe dreams hoping to sustain any measure of profitability and it just can’t. Jewelry has one of the biggest mark ups in the retail world, SFLM has a poor business model and overpays for acquisition and for selling model (Ebay). Now they want to try and make it in make believe land selling make believe jewelry…lol!
Not true whatsoever
What profit? Revenue does not equal profit!
And do you also see that raw revenue is the only source cited as a measuring tool? Nobody has a clue as to what acquisition costs are and absolutely no proof this company is or will ever be profitable!
Is this magical land that was purchased by SFLM before or after the seven levels of the candy cane forest and sea of swirly-twirly gum drops if you were headed north from the Lincoln Tunnel?
High end virtual jewelry to dress up your avatar in MakeBelieveLand sounds lucrative! Lol. I should become a real estate agent and sell property there.
Virtual jewelry in Make Believe Land...can't see anything going wrong! LOL!!!
Here are some real hard numbers that show why revenue doesn’t tell the whole story. This company lacks the ability to sustain profitability.
2019 - 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 2019 = $-538,798
$11million in sales, half million total loss! Real numbers - not speculation!
Cut the nonsense out reporting this is a "proven, repeat $6 figure profit earner." That is complete nonsense as I accurately reported last May the REAL numbers SFLM posted. Various other "revenue streams" and "acquisitions" is all pure speculation just like all the talk (with little to no action thus far).
2019 - 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 2019 = $-538,798
$11million in sales, half million total loss! How again is this a repeat 6 figure profit earner?
Getting closer and closer to trips every day!
What a good run this is on! Just a little bit more and we can finally hit triple zeros!
You got all the time in the world…this is still going MUCH further south!
The gift that keeps on giving all year long! Bring on the trips!
Thank you all for making it a VERY profitable 2021! This will continue to sink further and further in 2022 and I will be thanking you all again this time next year!
When was it climbing? A little tick here, a little tick there…LOL!! The train will be arriving to Trips very soon!
Continued fluff "news" reported over and over...clearly people don't care as it has had ZERO impact!
Beautiful day today! Love it!
Fantastic morning eh boys? Weeeeeeeeeeeeeeeeeeeeeeee
.0028-.003 = excellent range to begin shorting this! I see a sudden decline coming!
Same numbers, same nonsense, nothing new to see here folks!
But unlike his nonsense… my predictions have all come through!
Just because you post the same thing over and over doesn't make it true - FYI! I expect trips by the end of the week!
YES - This has been an OUTSTANDING last 60 days! Chooo Chooo!!!!!!!!!
Do I get out now for a hefty profit or wait until it inevitably hits triple zeroes and make even more money?? It is shorts weather all year round for this puppy!
Headed towards trips!!!! WOOHOO!!!!!
Same continued fluff info week after week. Projected 2021 revenue was $12 million just a couple months ago and now reported as “around” $10 million…this keeps getting worse and worse and real investors know it.
Bears are feasting Thanksgiving week!
This is one big turkey!
What exactly are we watching for? Triple zeros?
It's definitely a pile alright!
Bears have been feasting and eating well…it’s amazing what you can find in the garbage!
Lots of good opportunities to continue to short this folks!
Shorting this stock is not illegal and highly recommended in my opinion! There is a reason this stock is tanking.
$SFLM Big News! "SFLMaven Kicks Off 2021 Holiday Shopping Season with Huge Week as Sales Top $264k"
Everyone Else Keeps Posting This So I Guess I Will Too!
https://www.globenewswire.com/news-release/2021/11/02/2325406/0/en/SFLMaven-Kicks-Off-2021-Holiday-Shopping-Season-with-Huge-Week-as-Sales-Top-264k.html
Thank you to everyone that dared others to short this puppy over the past couple of weeks...we couldn't have done it (make a profit unlike SFLM) without your support!