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I’m out. Good luck here guys.
True. This isn’t 2020 or 2021, but penny stocks always have big runners every year. What I don’t get is that you have a stock here with a decent share structure and where they aren’t diluting. Yet, nothing seems to be drawing in any interest for this Fyniti acquisition. Strange. I don’t hold much here but figured this would have seen a move already. Maybe after Summer.
What are you expecting here in terms of share price appreciation? This thing looks to be dead on arrival. Merger did nothing in terms of interest or stock price.
Share structure unchanged
Market Cap Market Cap
1,251,291
05/09/2023
Authorized Shares
1,450,000,000
05/10/2023
Outstanding Shares
1,042,742,561
05/10/2023
Restricted
683,955,093
05/10/2023
Unrestricted
358,787,468
05/10/2023
Held at DTC
318,034,722
05/10/2023
Float
265,034,723
05/18/2022
Par Value
0.001
Any thoughts on this whole $25M valuation thing? If the deal closed as they said it has, then well Fyniti is now only valued at what our stock is valued at. Which as of today, it's just over $1M. Quite the decrease in valuation overnight. I would think the Fyniti guys would having their friends and family pick up stock in SMCE to 1) help move up their valuation and 2) take ownership in their company via the publicly traded SMCE stock.
Filled the gap. Let’s see those bids start to move up now.
Yes, agreed on those updates. They also mentioned they are working on the 10K filing which will allow for an up list to a higher exchange. Likely OTCQB. That requires a bid price of .01 or higher so curious if they can get it there without having to do anything drastic like a reverse split. I have to imagine a lot of the float has been sucked up by now even though we have seen selling into each of these moves the past several months. If that float gets locked up. this could see a nice sustained move upwards to .01 and even higher. We shall see.
Sellers once again drove it back down to where it started. Same thing occurred last month too. Disappointing.
So now we own a $25M asset. Will be interesting to see how the stock price adjusts over the next several weeks because there is a huge disconnect between the current market cap of SMCE and their valuation of Fyniti. I would think Fyniti would be doing all they can to drive the stock up otherwise it’s like they got peanuts for their company.
Big volume out of the gate. Curious if this breaks and holds .002 area. Wonder if their Fyniti acquisition is nearing completion.
Yeah, I am digging into this one more and liking what I am seeing so far. Will accumulate and wait for a move to start here.
Grabbing some here at .0012. I like the risk vs reward at this price. Plus, the share structure is really good here. A big percentage of the O/S is restricted and held by management. Not sure what these MMs have left to sell down here but will accumulate if it goes any lower. Wondering if CDEL that was at .0014 ask with that block is who just sold a couple million into the .0012 bid. They have 1.4M left on the ask now at .0013 which seems to line up. Let's see once the .0013 ask gets taken out.
I presume they mean uplisting to OTCQB or OTCQX exchange but I know that the QB requires a stock price of .01 or better. It's presently sitting here at 1/10 of that price. You think it gets there on its own without modifying the share structure?
Sounds like a reverse split is coming under the guise of moving to a higher exchange. Maybe I’m wrong but they should come out and publicly state either way.
It’s headed there
Sure sure keep moving that goal post
Should be pretty clear by now you guys got taken to the cleaners. Those PRs were just a carrot to dangle for a huge block of shares they knew needed to get sold.
Timberrrrrrrr
As expected, no news and the market maker lineup says a crash is coming
Told you guys. This is going much lower once tomorrow comes and goes and there’s still no update.
Huge turd
OTCX seems determined to drive this down further
Yep. As I’ve been saying. There is dumping taking place. Someone with a large block has been unloading.
Exactly. Zero support here until .002s.
The dumping continues. .004s will be here by Monday at the latest.
Lmao you guys are that pathetic you want to paint the close. Bahahaaaaa you guys really are screwed here.
Bids getting whacked. Dumping continues.
This is the biggest turd I’ve seen in a while
OTCX says wait we dumping shares then I want in too lol
Lol stack that ask! Everyone just wants out of this train wreck.
A fart could blow this back down to .005s
Sellers immediately step in lol. What a turd.
I bet you don’t see a follow PR and 3/31 just comes and goes without any notice.
Still a turd
But then how would they dump shares and string shareholders along to do so?
This thing is such a turd
That’s there’s zero interest or belief in what the company is purportedly building here. Both don’t bode well for shareholders.
So you agree this company is a scam at worst and a shady ploy to fool investors they’re actually building anything here at best?
I hear XALL next acquisition is for them acquire themselves lol. What a joke this company is.
Watch it get filled now