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Agreed
Long hold here, all fundamentals still remain.
A large portion of that projection was based on anticipated earnings from that large real estate development project. I’m not sure where that project currently stands or which quarter there are anticipating cash flows from that project.
They say it’s underway, so take it as you will -
Audit sits on top of our priority list...pre-assessment of the subsidiaries in different countries has commenced.
— SFIO - Starfleet Innotech, Inc. (@StarfleetInno) August 14, 2022
You are correct, my bad. That’s a lot of people within the organization then.
The report also disclosed some other interesting information. Was glad to see that the float still remains the same from last year meaning there hasn’t been any dilution. Also, surprised to see that there were less than 300 shareholders. If the company does market itself in the right way and the ticker gains enough public interest this can move quick regardless of the fundamentals, which still look good imo.
It’s fair to say we have a new community meme here on the SFIO board:
“In my humble opinion of course:)”
Got it, was just trying to gauge the confidence level of your hundreds of opinions posted here the last several months about the company. Doesn’t matter to me whether you’re long or short, just that you’re willing to put your money where your mouth is.
Just my humble opinion of course :)
Starting to think your humble opinion doesn’t mean much. A week ago you were saying this couldn’t get close to .02.
In my humble opinion of course:)
Yeah bud, unfortunately you may be losing it the float is still the same as it has been since 2021 looking at the Q1. Just people trying to flip as far as I can tell.
I was discussing this in more detail a couple months back, but given the size of the float and lack of volume from new investors it’s going to be a slow grind until there’s note worthy news. The biggest thing we can hope to see are epiphany cafes start popping up in the US imo.
Agreed
R/S is not a solution for the current problem. Even if there was a RS tomorrow we’d still eventually end up with the same issue of low volume & resulting in the price trickling back down.
Unfortunately we need patience & stronger fundamentals. Hopefully, US expansion can pickup sooner than later.
RS this early would be a mistake. If an RS is required to up list they should wait until $1+. They need to focus more on epiphany & US expansion to push the volume with more buyers.
Nice to see big green days again
Yeah, I’m hoping they disclose more on their role & the financing.
Thanks for sharing that. It did provide a bit more info on the project, but I’d still like to see the full scope of SFIO’s involvement in writing.
Just unclear on the expected revenue. Especially if they raised $100M for the development involving a few of their subsidiaries, and then end up actually holding any of the development after completion.
I’m all for a huge development deal, but when it comes to being invested in a health resort community I just see a lot of long term risk there based on demand & vacancies. Hopefully it’s being developed, completely sold off, and retain long-term lease & service agreements for the tech.
What’s SFIO’s role in the project, design & development? Also, have they mentioned any news on the owner of the property, is it being developed or sold to another organization?
Just hope it’s being sold off if it hasn’t already and not held by SFIO.
Agreed
We need more focus on epiphany, I still think F&B is the most important segment for gaining recognition and getting this moving. Short of seeing these pop up all over I don’t think we’ll see much movement any time soon.
The company is banking on construction projects to carry, but US investors associate a lot of risk with foreign construction companies and for good reason.
How much more cash and for what? I’m not sure what new investment opportunities they currently have, but it’s hard to believe they’ll have many capital projects that could provide a 20-30x return within 2-3yrs; which would likely be the result of a buy back had there already been plans to do so.
It should also be viewed as a reallocation of assets opposed to a purchase or expenditure. The shares could be sold again in the future should funds be needed or even collateralized.
The idea is to shrink the supply of shares available on the market to push the PPS, and the most effective time to do so is as early as possible when significantly more shares can be purchased for less.
A $3 PPS is required to uplist. Unless we get extremely lucky maintaining $3 in 2024 does not currently seem feasible. A RS seems likely and may even still be required after a buy back. However, a buy back would reduce the size of a split if needed.
I’m not sure why I bother tbh because explaining this seems to always fall on deaf ears and it’s a moot point now. But this seemed like the most logical approach when I first mentioned it late last year, to push the PPS to fit their timeline and retain as much wealth for shareholders & the company as possible.
100M BB minimum was what I was hoping for as of late last year.
Very large float with relatively low volume so not that surprising, pretty much what I’ve been trying to raise awareness of for months now. Really wish they were considering investing in a buy back over new acquisitions, especially with them pushing to uplist to the nasdaq by 2024.
Would certainly be a better option & minimize the size or chances of a RS a couple years down the road. When they were asked about a RS in the future on the call a couple days ago, as a means to uplist they certainly did not deny that as a possibility.
Haha, that’s why I was pushing for an early buyback so hard.
That’s cool, glad they are doing this.
That’s not saying much, majority of companies on OTC are terrible investments. Our goal should be to manage things as best as possible so it’s easier to get out of the OTC in the future.
Yeah, it’s just concerning especially given the current share structure with how large the float is already. As I’ve mentioned in the past there’s a supply problem with the float being as large as it is that I’d like to see addressed. Otherwise it’s just going to be even more of an uphill battle getting the PPS to move.
I still like the company and it’s long term value potential, but there’s just certain things that should not be ignored; particularly when they’ll be more difficult to effectively manage in the future.
There’s 5 pages of disclosed share distribution to individuals. Not bashing, just not going to be ignorant to what’s reported. I’m a long term investor and likely holding more than most.
Net income before taxes $5.9mil. Between that and them handing out shares like candy I’m honestly a bit disappointed.
Yeah, pretty much thinking the same as well.
If you’ve been keeping up with everything I’m not following your question then unless it was to just publicly vent.
The company has been very public about their plans going forward, and I believe there are fundamental issues with their share structure that will continue to stifle their efforts going forward if ignored. There have certainly been missed opportunities.
However, there’s still a ton of potential long term value with this company. Unfortunately for all of us holding long, we’re just going to have to ride this out in the short term if you’re sticking with this one. We should be able to get a more tangible view of their growth further into the year.
I refer you to my previous posts from this past week. Most people invested in this seem to be ignorant to these facts and are eager to look the other way, but the size of the float is a huge issue. That combined with low volume and the PPS will not move much.
I’m sure we’ll see some movement once the financials are posted, but momentum from events like that typically dwindles fast. Hopefully they have some stellar earnings to report to bring this back to life. We really need to see a bunch of brick & mortar cafes popping up all over imo to really get things moving.
Hopefully none, it looks like a partnership not an acquisition. The two businesses will hopefully just work together in the traditional sense on construction projects to synergize & profit well together.
Has there been any projections for the number of epiphany cafes expected in the US by the end of next year? I do mean actual cafes and not other retailers that offer epiphany products.
Agreed, it is what is, out of our control.
That’s great news, but it’s unlikely that reduction is coming from the float which are the shares currently in circulation and traded publicly. We have a supply problem ie the float which is the issue almost 550M shares. The float, shares currently available to trade, determines the PPS because this is the pool available to be exchanged on a daily basis.
There are two ways to reduce a float, a buy back or a reverse split. There are simply too many shares available to be exchanged and we need scarcity to push the PPS as demand increases.
They also stated there would be a buy back, which was the whole point of our recent conversation. Nothing is set in stone and positions change as time goes on, just food for thought.
I mean it hurts long term investors when a RS could have been avoided or reduced by a significant margin if a buy back occurred anywhere below .2; especially the lower price levels we’ve been at for months.
It’s not like it would be a loss either, the company would see a ton of appreciation and could even use the shares for collateral if they didn’t want to sell and needed cash.
It’s a moot point now and like you said a RS is very likely in the future. But at the end of the day a larger RS is taking money out of our pockets & their treasury, which is why I’ve been a proponent for a buy back since the end of last year; especially when there was a golden opportunity to lessen the blow.
I wonder how long it typically takes that form to be reviewed & approved if it was submitted back in December?
* reassess
Unless the goalpost has been moved I thought in 2020 the goal was to uplist to the Nasdaq by 2024. Their projections for the PPS certainly align with that. A few million dollars is not a lot money and the longer they wait the more expensive and less impactful a buy back becomes.
It just seems like another missed opportunity and increases the odds of an RS at some point in the future. The simplest thing they can do in the future if the only missing requirement is the share price to uplist would be an RS, and if they can go back on their word on this why not that as well?
Not going to beat a dead horse on this, but will certainly re-access my long term outlook & price targets.
Share your thoughts -
@SFIO_Inc Hi, can you please explain why the team decided against a buyback after Jeths stated to do so? What alternative is SFIO going to pursue to reduce the float that’s not going to harm investors as a RS would? W/o a smaller float a $3 pps to uplist by 2024 isn’t feasible
— Johnny 5 Labs (@j5labs) March 22, 2022