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I agree. Holding long term
Buy-in subject to conditional outcomes by SFIO. Company announced Q2 lets see how it performs today. If SFIO cannot get over 3 cents and hold then it’s obvious SFIO will continue to trend lower.
Rare sports collectibles is my thing. I invested into a series A round of a sports NFT collectible company targeting a $1B in earnings next year. $100B by 2027-28.
In my humble opinion of course:)
Why would SFIO be is real estate especially in the Philippines right now?? “Philippines Real estate Market. Demand is projected to reach 9,610 units for the whole year. While only 560 units were recorded for the same quarter, which is down 86% year-on-year (YOY), supply is expected to pick up by 20% with the delivery of 10,500 units by the end of 2022.Jun 29, 2022. Not only Philippines but the entire Asia region is under a major economic recession.”
In my humble opinion of course:)
Progress: SFIO announces a quailfied reputable auditor this week. I will take their Q2 at face value for sure.
If SFIO trades over 4 cents my buy-in is 5M shares. And will be biggest cheerleader here.
In my humble opinion of course:)
How can any listed company publicly announce “our financial projections for year end 2022 will be $100M” and don’t even come close. Year will be done soon.
In my humble opinion of course:)
We won’t see anything audited this year for sure. Think more important if the stock continues to get hammered and rolls back to a single penny.
In my humble opinion of course:)
If you consider PPM toy molding business a worthless Mexico company merging with an unaudited holding company from New Zealand and Philippines also the same.
In my humble opinion of course:)
SFIO $7M UNAUDITED CLAIMS!!!
“We will make $100M”
In my humble opinion of course:)
The intention of PPM acquisition is brilliant if SFIO intents to create NFT collectibles or even in the Metaworld but this is a long way out.
How will SFIO support this? SFIO has not even conducted a standard audit. SFIO management says “coming soon, coming next week”
I already own 3 NFTs, all in sports with one being Joe Montana,
In my humble opinion of course:)
Ok will call them in the Philippines to find out if they closed PPM and when will they announce the auditor.
In my humble opinion of course:)
Are you saying SFIO with holding critical shareholder information and to find out everyone needs to call their office?
Wow!
In my humble opinion of course:)
Response has nothing to do with the merger. I am not talking about the offering.
Show me the press release where it says PPM merger closed??
In my humble opinion of course :)
No one told me. Many here are saying Q2 financials will be audited. That is misleading and a total lie.
PPM acquisition on its surface is very sophisticated. But will SFIO cough up millions to purchase them? In My Opinion NEVER!
SFIO has not even announced any auditor. I am sure PPM needs to conduct professional due diligence of SFIO. If they do, good chance they’ll laugh their way off the merger.
In my humble opinion of course:)
You have no idea why there is short interest. What respectful institution is going sit there and do anything with a worthless penny stock such as SFIO?
MM do not care or conspire to manipulate the stock the way you think. Its a business, there job is provide liquidity (long or short) and order flow. This is how a MM earn a profit and how these MM institutions pay bonuses on a trading desk to a trader.
A MM can take advantage only when an inbalance has been identified within the stock. If you understand this strategy you will never lose money again.
No one works for free or “NITE” is there to find a way so you can make money or not with your trade. Actually in the Forex Trading market yes they do.
Go read the official FINRA Series 7 Book. Its not free, available on Amazon also the 1923 book Reminiscence of a Stock Operator. Know the game, stop creating wild theories and conclusions.
There is a way on how illegal shorting (I am against illegal shorting) is done and what type of pawnshop financers manage those toxic transactions.
In my humble opinion of course:)
Good chance most of the short interest activity are MM. They will do it if they see heavy sell interest. Why? Because they can hedge open short interest from the sell orders. Another indication SFIO has heavy dumpers.
In my humble opinion of course:)
PPM Is not a closed deal. However, based on the information online its an established Mexico license brand toy company. Intelligent and strategic acquisition for sure.
IMO SFIO will not have the money to pay for for PPM. Why? Because claims of $25M and $100M for 2022 are nothing more than wishful thinking. Truth will set you free!
I will be SHOCKED if they closed PPM - Yep i said.
In my humble opinion of course:)
No audit of course! SFIO says its “Preliminary“ which means NO auditor or even mentions the auditors name.
I know several CEOs who use the word “preliminary“ to give a status on the auditing process. And two years later there is no audit only stating “ preliminary“ as a result each of those companies trade trip-zero.
SFIO Q2 will be a smoke and mirror of exaggerated data with wild claims and insane unsustainable forward looking statement.
In my humble opinion of course:)
And if audited financials come out i will buy. Right now fake news express. Another china hustle.
In my humble opinion of course:)
In the case of SFIO It’ll take months to complete an audit due to the nature of their business practice claims.
Best thing is to officially announce an SEC approved PCAOB respected and trusted international, GAAP auditor.
EY, KPMG, PWC or equivalent.
In my humble opinion of course:)
My understanding Snuffleupagus from Sesame Street is auditing SFIO financials.
In my humble opinion of course:)
SFIO has NOT announced an auditor whatsoever. So nothing has been verified, financials, assets, liabilities its all speculation, guesses.
As a matter of fact, a magic 8-ball will be used as a relay mechanism to disseminate SFIO 10Q
My prediction they will post saying SFIO opened 200 new locations within the last few months and will be on NASDAQ soon.
In my humble opinion of course:)
Done. Unaudited Guranteed!
In my humble opinion of course:)
Actually I’m very good at it for a reason. To most LV2 and charting is the equivalent to reading a magic eight ball.
SFIO expected to reach 3 cents today. If not, bearish reversal will follow through for sure.
In my humble opinion of course:)
From a trading standpoint if the current bid can hold longer and the ask price should lift to 3 cents. Given the SFIO dumping has tapered. If not, back to a penny.
In my humble opinion of course:)
A Cup with a leak. SFIO had a breakout spike up, a follow through was expected but SFIO failed price action follow through Tuesday and Wednesday.
What your seeing now is stalling and a bearish reversal.
No difference from the last time SFIO got pumped for one day.
In my humble opinion of course:)
Rather use a “Market Order” to light up the LV2. I don’t use limit buy orders unless its to slowly feed the stock out. We’ll see when SFIO reveals they’re current situation.
In my humble opinion of course:)
SFIO unaudited financials coming. My guess they’re forecasting for a $1B in sales and magically they opened 200 stores in a few months.
In my humble opinion of course:)
You’re right. The convenient tool is part of their job. In the OTC world MM earns significantly more through a weighted volume method.
MM P/L is in the business to make money on the transaction and are allowed to do so with minimal risk expose. But what they do not do is speculate on company business objective or direction. Earn from the spread orderlow and inbalance of supply at the current time and flatted out a position at the close, usually.
Yes correct it is illegal from a retail standpoint to short to OTC stocks, however, there are loop holes being exploited that makes it difficult to crack down.
In my humble opinion of course:)
Are you insinuating the MM are shorting SFIO?
A MM job is to provide liquidity as required. A MM can short against your long order or purchase your sell order for its own account if they believe there is an inbalance advantage in supply at the moment of the transaction.
In my humble opinion of course:)
These are billion dollar institutions using automated MM to trade worthless penny stocks.
Trust me a MM is not concocting a twisted agenda against you.
What will continue to happen more online retailers will stop accepting OTC orders especially “alternative reporting” ala SFIO
In my humble opinion of course:)
Most know I went long SFIO months ago including buying into the SFIO popaganda machine like many others.
Everything changed when their lies continue to escalate. Constant PR and constant dumping we all witness this year with SFIO.
Beauneedsbiscuits knows this very well. Even he got banned from a private SFIO room the leader for offering a different view point to his concerns.
In my humble opinion of course:)
FYI I monitor toxic OTC plays and avoid the dump-spiral affect
These are for chronic gamblers who are the participants with no level of sophistication when it comes understanding what drives these type of stocks vs buying shares in a real company. I am 100% correct.
Most just become zombies like a cult followers after drinking the koolaid and drum up wild hypothesis on why a MM holding the stock. Quite laughable.
SFIO has delivered lies of the audit process and outlandish forward claims of $100M in revenues from donuts?
In my humble opinion of course:)
https://www.otcmarkets.com/stock/SFIO/news/Starfleet-Innotech-Announces-Completion-of-Reg-A-Offering-Reduction-in-Outstanding-Shares?id=367563
Probably why it jumped.. SFIO Tribal run.
In my humble opinion of course:)
BIG DAY! Market +540 SFIO implodes at the open down 5%. Yesterday's ugly bearish candle reversal of SFIO was an indication of the ongoing unloading.
Sub Penny is in the making.
In my humble opinion of course:)
Like I mentioned yesterday any professional OTC trader never measures fractional % gains from a penny as an indication of success. It’s embarrassing to do so. If anything 1000% gains is a better metric of gauging success.
SFIO has only been up significantly 3 times this year. That is humiliating.
Lies continue to be carried out “we begin the audit process next week” back in January 2022
Management clearly focued on promoting itself then focus of the business and getting an audit done.
In my humble opinion of course:)
Who is surprised SFIO being trashed like always while the market is up 450!
No audit SFIO going to zero and the imaginary 500K went poof!
In my humble opinion of course
What is SFIO thinking? Stockgod wannabe huntermoore with laughable paid twitter followers has ZERO engagement in majority of its twits. This is priority #1 not getting an audit done amazing.
In my humble opinion of course:)
Keep holding. One of the few solid OTC stocks so far
Only the third significant price pump in 2022. Verry embarrassing for any SFIO long. Tremendous unloading yesterday.
Don’t scream when SFIO spiral under a penny.
In my humble opinion of course:)
SFIO “Stockgod” has paid Twitter followers with ZERO engagement hahahaha
In my humble opinion of course:)