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75% of the Entire O/S held by INSIDER'S and RESTRICTED.
692,126,974 OUTSTANDING
518,339,506 RESTRICTED
$SMCE
NO Dilution confirmed by TA, only 20m shares in 6 months. $SMCE
$SMCE .0094 about to explode $45M Acquisition news
$SMCE .0094 about to explode $45M Acquisition news
I love it, great post, proves there's lots of misinformation posted here.
$SMCE Genesis funds $540,000,000 in advisement and $62,000,000 in management
Check out the Subsidiaries
https://www.ballast.com.au/
https://www.tflg.com.au/
$SMCE .0094 Genesis funds $540,000,000 in advisement and $62,000,000 in management
Check out the Subsidiaries
https://www.ballast.com.au/
https://www.tflg.com.au/
$SMCE .0094 Genesis funds $540,000,000 in advisement and $62,000,000 in management
Check out the Subsidiaries
https://www.ballast.com.au/
https://www.tflg.com.au/
$SMCE .0098 New Management, $45m Acquisition, $21m Revenues, No Dilution, PT $0.30+
$SMCE .0098 New Management, $45m Acquisition, $21m Revenues, No Dilution, PT $0.30+
$SMCE .0098 About to run, PT $0.30+ on $45,000,000 Acquisition
Wealth Management, Tax and Accounting Advisory Services
$15.75M Revenue 1st 9 Months
On pace, $21M Annual Revenue
$21m ÷ 692m Shares = $0.03 minimum, P/E 10 = $0.30
TARGET PRICE $0.30
Definitely undervalued. Investors need to read the news. $SMCE
$SMCE .0091 PT $0.30+ on $45,000,000 Acquisition
Wealth Management, Tax and Accounting Advisory Services
$15.75M Revenue 1st 9 Months
On pace, $21M Annual Revenue
$21m ÷ 692m Shares = $0.03 minimum, P/E 10 = $0.30
TARGET PRICE $0.30
$SMCE .0091 PT $0.30+ on $45,000,000 Acquisition
Wealth Management, Tax and Accounting Advisory Services
$15.75M Revenue 1st 9 Months
On pace, $21M Annual Revenue
$21m ÷ 692m Shares = $0.03 minimum, P/E 10 = $0.30
TARGET PRICE $0.30
$SMCE $45,000,000 Acquisition
Wealth Management, Tax and Accounting Advisory Services
$15.75M Revenue 1st 9 Months
On pace, $21M Annual Revenue
$21m ÷ 692m Shares = $0.03 minimum, P/E 10 = $0.30
TARGET PRICE $0.30
$SMCE .0096 Huge News SMC Signs a Letter of Intent to Acquire 100% Equity Interest in Genesis Financial Inc., a Fintech-Powered Wealth Management Service Provider
November 10, 2021, 7:05 am
POINT ROBERTS, WA / ACCESSWIRE / November 10, 2021 / SMC Entertainment, Inc. ("SMC" or the "Company") (OTC PINK:SMCE) today announced that it has entered into a letter of intent ("LOI") to acquire 100% equity interest in Genesis Financial, Inc. ("Genesis"), a diversified financial services company with a focus on fintech-powered Wealth Management advisory services. The acquisition is valued at $45 million.
Genesis operates its business mainly through two Australian regulated entities in wealth management, tax and accounting advisory services. For the 9 months to September 2021 the Australian operations generated gross revenue of approximately $15,765,000 (AUD$21,371,861) and derived EBIT of approximately $1,035,600 (AUD$1,403,919). All figures are unaudited.
Pursuant to the terms of the LOI, SMC will acquire 100% of the issued and outstanding securities of Genesis for stock. Genesis shareholders will receive SMC's preferred stock convertible to common. Subsequent to acceptance and closing of this transaction, management will strategize an additional capitalization plan minimally of $15 million for immediate implementation. The new capital will be allocated for further expansion, acquisitions and working capital. Management will also explore the ability to seek a more senior public listing exchange along with a reflective name change into 2022.
The Australian Wealth Management industry has over 25,000 financial advisors managing 2.2 million investors. The annual fees generated by the Wealth Management industry is close to $3.9 billion. According to AITE (2020) at least 10 million adults are underserved or not served at all by the Australian Financial Advisors. Genesis has firmly positioned itself to acquire and consolidate to expand in Australia's fragmented Independent Dealer Group business sector.
Warwick Kerridge, Genesis' Chairman said, "this transaction presents an ideal opportunity for Genesis to work with SMC to accelerate our growth strategy and position ourselves in the sector both in the United States and Australia to maximize shareholder value and build a platform that will ultimately allow us to become a significant player in the advisory and wealth management sector. Genesis has identified a number of synergetic acquisitions and growth opportunities in the United States and we are very confident that the acquisition of dealer advisor groups in the United States will integrate seamlessly with our existing and growing platform in Australia. It is critical to us that we have a revenue footprint in both countries so that the market and all stakeholders can easily see and understand the value proposition."
"We look forward to closing this transaction with Genesis in a timely fashion," said Ron Hughes, President and CEO of SMC. "The acquisition will allow us to advance our own growth strategy and enhance shareholder value. Our distinct competencies in understanding and implementing strategies for growth in the fintech and advisory sectors will give SMC a strong competitive advantage to expand Genesis' growth strategy in the United States, Australia and other Asia Pacific Regions."
About Genesis Financial, Inc.
Genesis is a diversified financial services company focusing on fintech-powered Wealth Management business mainly through two Australian regulated entities in wealth management, tax and accounting advisory services. Those subsidiaries are Ballast Accounting and The Financial Link Group. For more information, visit us at www.ballast.com.au and www.tflg.com.au
About SMC Entertainment, Inc.
SMC's multi-discipline revenue approach provides a building block to enhance both revenue and balance sheet growth thru acquisitions. For more information, visit www.smceinc.com.
Press Release Contact:
Ronald E Hughes
President & CEO
}SMC Entertainment, Inc.
ron.hughes.operations@gmail.com
Safe Harbor Statement
This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, members of its management, and assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.
SOURCE: SMC Entertainment, Inc.
$SMCE .0096 Huge News SMC Signs a Letter of Intent to Acquire 100% Equity Interest in Genesis Financial Inc., a Fintech-Powered Wealth Management Service Provider
November 10, 2021, 7:05 am
POINT ROBERTS, WA / ACCESSWIRE / November 10, 2021 / SMC Entertainment, Inc. ("SMC" or the "Company") (OTC PINK:SMCE) today announced that it has entered into a letter of intent ("LOI") to acquire 100% equity interest in Genesis Financial, Inc. ("Genesis"), a diversified financial services company with a focus on fintech-powered Wealth Management advisory services. The acquisition is valued at $45 million.
Genesis operates its business mainly through two Australian regulated entities in wealth management, tax and accounting advisory services. For the 9 months to September 2021 the Australian operations generated gross revenue of approximately $15,765,000 (AUD$21,371,861) and derived EBIT of approximately $1,035,600 (AUD$1,403,919). All figures are unaudited.
Pursuant to the terms of the LOI, SMC will acquire 100% of the issued and outstanding securities of Genesis for stock. Genesis shareholders will receive SMC's preferred stock convertible to common. Subsequent to acceptance and closing of this transaction, management will strategize an additional capitalization plan minimally of $15 million for immediate implementation. The new capital will be allocated for further expansion, acquisitions and working capital. Management will also explore the ability to seek a more senior public listing exchange along with a reflective name change into 2022.
The Australian Wealth Management industry has over 25,000 financial advisors managing 2.2 million investors. The annual fees generated by the Wealth Management industry is close to $3.9 billion. According to AITE (2020) at least 10 million adults are underserved or not served at all by the Australian Financial Advisors. Genesis has firmly positioned itself to acquire and consolidate to expand in Australia's fragmented Independent Dealer Group business sector.
Warwick Kerridge, Genesis' Chairman said, "this transaction presents an ideal opportunity for Genesis to work with SMC to accelerate our growth strategy and position ourselves in the sector both in the United States and Australia to maximize shareholder value and build a platform that will ultimately allow us to become a significant player in the advisory and wealth management sector. Genesis has identified a number of synergetic acquisitions and growth opportunities in the United States and we are very confident that the acquisition of dealer advisor groups in the United States will integrate seamlessly with our existing and growing platform in Australia. It is critical to us that we have a revenue footprint in both countries so that the market and all stakeholders can easily see and understand the value proposition."
"We look forward to closing this transaction with Genesis in a timely fashion," said Ron Hughes, President and CEO of SMC. "The acquisition will allow us to advance our own growth strategy and enhance shareholder value. Our distinct competencies in understanding and implementing strategies for growth in the fintech and advisory sectors will give SMC a strong competitive advantage to expand Genesis' growth strategy in the United States, Australia and other Asia Pacific Regions."
About Genesis Financial, Inc.
Genesis is a diversified financial services company focusing on fintech-powered Wealth Management business mainly through two Australian regulated entities in wealth management, tax and accounting advisory services. Those subsidiaries are Ballast Accounting and The Financial Link Group. For more information, visit us at www.ballast.com.au and www.tflg.com.au
About SMC Entertainment, Inc.
SMC's multi-discipline revenue approach provides a building block to enhance both revenue and balance sheet growth thru acquisitions. For more information, visit www.smceinc.com.
Press Release Contact:
Ronald E Hughes
President & CEO
}SMC Entertainment, Inc.
ron.hughes.operations@gmail.com
Safe Harbor Statement
This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, members of its management, and assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.
SOURCE: SMC Entertainment, Inc.
$SMCE .0097 $45 million Acquisition with $15.8 million Revenue n in 9 months
Genesis operates its business mainly through two Australian regulated entities in wealth management, tax and accounting advisory services. For the 9 months to September 2021 the Australian operations generated gross revenue of approximately $15,765,000 (AUD$21,371,861) and derived EBIT of approximately $1,035,600 (AUD$1,403,919).
$SMCE .0097 $45 million Acquisition with $15.8 million Revenue n in 9 months
Genesis operates its business mainly through two Australian regulated entities in wealth management, tax and accounting advisory services. For the 9 months to September 2021 the Australian operations generated gross revenue of approximately $15,765,000 (AUD$21,371,861) and derived EBIT of approximately $1,035,600 (AUD$1,403,919).
$SMCE .013 HUGE NEWS $45 million Acquisition with $25.8 million Revenue n in 9 months
Genesis operates its business mainly through two Australian regulated entities in wealth management, tax and accounting advisory services. For the 9 months to September 2021 the Australian operations generated gross revenue of approximately $15,765,000 (AUD$21,371,861) and derived EBIT of approximately $1,035,600 (AUD$1,403,919).
$SMCE .013 HUGE NEWS $45 million Acquisition with $25.8 million Revenue n in 9 months
Genesis operates its business mainly through two Australian regulated entities in wealth management, tax and accounting advisory services. For the 9 months to September 2021 the Australian operations generated gross revenue of approximately $15,765,000 (AUD$21,371,861) and derived EBIT of approximately $1,035,600 (AUD$1,403,919).
$SMCE .013 HUGE NEWS The acquisition is valued at $45 million.
Genesis operates its business mainly through two Australian regulated entities in wealth management, tax and accounting advisory services. For the 9 months to September 2021 the Australian operations generated gross revenue of approximately $15,765,000 (AUD$21,371,861) and derived EBIT of approximately $1,035,600 (AUD$1,403,919).
$SMCE .013 HUGE NEWS The acquisition is valued at $45 million.
Genesis operates its business mainly through two Australian regulated entities in wealth management, tax and accounting advisory services. For the 9 months to September 2021 the Australian operations generated gross revenue of approximately $15,765,000 (AUD$21,371,861) and derived EBIT of approximately $1,035,600 (AUD$1,403,919).
$CBDD .0064 Huge News, CBD of Denver Reports Year-to-Date Revenue of $22.6 Million
https://www.newsfilecorp.com/release/102801/CBD-of-Denver-Reports-YeartoDate-Revenue-of-22.6-Million
$CBDD .0064 Huge News, CBD of Denver Reports Year-to-Date Revenue of $22.6 Million
https://www.newsfilecorp.com/release/102801/CBD-of-Denver-Reports-YeartoDate-Revenue-of-22.6-Million
$CBDD .0065 Huge News Out
CBD of Denver Reports Year-to-Date Revenue of $22.6 Million
https://www.newsfilecorp.com/release/102801/CBD-of-Denver-Reports-YeartoDate-Revenue-of-22.6-Million
$CBDD .0065 Huge News Out
CBD of Denver Reports Year-to-Date Revenue of $22.6 Million
https://www.newsfilecorp.com/release/102801/CBD-of-Denver-Reports-YeartoDate-Revenue-of-22.6-Million
$CBDD .0064 CBD of Denver Retires Preferred Shares Early, Eliminates Potential Equity Dilution
Denver, Colorado--(Newsfile Corp. - September 30, 2021) - CBD of Denver, Inc. (OTC Pink: CBDD), a full-line CBD and hemp oil company and a producer and distributor of cannabis and CBD products in Switzerland and Europe, is pleased to announce that the Company has retired 13 of its 18 preferred shareholders who had purchased preferred shares issued in previous years.
"As our financial position has improved dramatically this year, we were able to capitalize on this opportunity to drive value for our shareholders through the elimination of potential dilution from those preferred shares by purchasing and retiring them," stated Marcel Gamma, CEO of CBD of Denver. "Given the recent decline in our stock price, retiring those shares allowed us to avoid unnecessary dilution and protect our shareholders."
Follow CBDD on Instagram: @CBDofDenver_Inc @Rockflowr @RockflowrRetail
CBD of Denver, Inc., Rockflowr GmbH and Swiss Industry Ventures AG are now also on LinkedIn.
About CBD of Denver, Inc.
CBD of Denver, Inc. (OTC Pink: CBDD) a full-line CBD and Hemp oil company ("CBDD") and a producer and distributor of Cannabis and CBD products in Switzerland, Europe and the US. CBDD is focused on using equity to acquire profitable Swiss assets at attractive valuations to create value for all our shareholders driven by a passion to improve lives and strengthen communities by unleashing the full potential of cannabis.
Through our brand Rockflowr and BlackPearlCBD we reach our consumers and have built up a strong customer base by focusing on top quality products and meaningful customer relationships.
Black Pearl CBD has 0% THC but is not an Isolate where the THC is stripped from the product rendering it ineffective. We use a proprietary technique adding terpenes as the activation ingredient, resulting in a product that is the finest in the industry and only available at www.cbdofdenver.com.
$CBDD .0064 CBD of Denver Retires Preferred Shares Early, Eliminates Potential Equity Dilution
Denver, Colorado--(Newsfile Corp. - September 30, 2021) - CBD of Denver, Inc. (OTC Pink: CBDD), a full-line CBD and hemp oil company and a producer and distributor of cannabis and CBD products in Switzerland and Europe, is pleased to announce that the Company has retired 13 of its 18 preferred shareholders who had purchased preferred shares issued in previous years.
"As our financial position has improved dramatically this year, we were able to capitalize on this opportunity to drive value for our shareholders through the elimination of potential dilution from those preferred shares by purchasing and retiring them," stated Marcel Gamma, CEO of CBD of Denver. "Given the recent decline in our stock price, retiring those shares allowed us to avoid unnecessary dilution and protect our shareholders."
Follow CBDD on Instagram: @CBDofDenver_Inc @Rockflowr @RockflowrRetail
CBD of Denver, Inc., Rockflowr GmbH and Swiss Industry Ventures AG are now also on LinkedIn.
About CBD of Denver, Inc.
CBD of Denver, Inc. (OTC Pink: CBDD) a full-line CBD and Hemp oil company ("CBDD") and a producer and distributor of Cannabis and CBD products in Switzerland, Europe and the US. CBDD is focused on using equity to acquire profitable Swiss assets at attractive valuations to create value for all our shareholders driven by a passion to improve lives and strengthen communities by unleashing the full potential of cannabis.
Through our brand Rockflowr and BlackPearlCBD we reach our consumers and have built up a strong customer base by focusing on top quality products and meaningful customer relationships.
Black Pearl CBD has 0% THC but is not an Isolate where the THC is stripped from the product rendering it ineffective. We use a proprietary technique adding terpenes as the activation ingredient, resulting in a product that is the finest in the industry and only available at www.cbdofdenver.com.
$CBDD .0067 $4.5m Assets with $750k Cash, 6 Months Revenues $14,500,000, 6 Months Net Profits
$1,200,000, On Pace for $30,000,000 Revenues with $2,500,000 Net Profits
$CBDD .0067 $4.5m Assets with $750k Cash, 6 Months Revenues $14,500,000, 6 Months Net Profits
$1,200,000, On Pace for $30,000,000 Revenues with $2,500,000 Net Profits
$CBDD .0067 Headed to Multi Pennies, BOTTOM BOUNCER
$CBDD .0067 Headed to Multi Pennies, BOTTOM BOUNCER
$CBDD .0062 Coming off the Bottom, $4.5m Assets with $750k Cash
6 Months Revenues $14,500,000
6 Months Net Profits
$1,200,000
On Pace for $30,000,000 Revenues with $2,500,000 Net Profits
$CBDD .0062 Coming off the Bottom, $4.5m Assets with $750k Cash
6 Months Revenues $14,500,000
6 Months Net Profits
$1,200,000
On Pace for $30,000,000 Revenues with $2,500,000 Net Profits
$HMNU .0097 No Dilution, $23m Assets//$3.2m Cash, Sweet Profits
$HMNU .0097 No Dilution, $23m Assets//$3.2m Cash, Sweet Profits
$HMNU .0097 It's Incredible, $11,161,152,073 USD CAPITAL ALLOCATION REVENUE >>>
The Acquisition of Laken Group Ltd + Blockchain Property Trade
Capital Allocation Revenue GBP $8,136,700,000 is Pound Sterling or $11,161,152,073 USD
http://www.blockchainpropertytrade.com/
https://www.lakengroup.com/
$HMNU .0097 It's Incredible, $11,161,152,073 USD CAPITAL ALLOCATION REVENUE >>>
The Acquisition of Laken Group Ltd + Blockchain Property Trade
Capital Allocation Revenue GBP $8,136,700,000 is Pound Sterling or $11,161,152,073 USD
http://www.blockchainpropertytrade.com/
https://www.lakengroup.com/
It's going to run and when it does, look out. $HMNU