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Buyback of 207 million shares about to be completed shortly, removing the bad actors from this stock. Formal announcement of auditor (BPM, Ecovis) to follow along with other important updates. Funding has been secured from 3 separate sources, paving the way for real estate, epiphany, and energy divisions. Bright future ahead for SFIO
Yes, and he has a bad reputation, probably why no one touches the stock. BNCM is the person whose account the securities are to be sold. Issued to them by SFIO. It was just amended anyway, its only 100 million now instead of 200. :(
No investment from BNCM. SFIO is buying back the shares from them, which is good because BNCM and its CEO Hatadi, no self respecting company should have any ties with. BNCM is soon out of the picture completely, not installing new leadership
They are currently looking for candidates to replace their president position that was being held by Insalaco. I would wait to see who they hire for that, it might be that they hire someone like you described. I would be excited if they hired someone that knows how the North American markets operate.
Not sure what exactly you are looking at. Statement of cashflows ticks all the boxes you want it to at this stage of the company. Positive operating cash flows that exceed net income. Negative investing activities shows that they are investing and acquiring pieces yet. And paid in surplus was 3.3 million which is a sneaky good sign that people are paying a premium for some shares (probably the UK investors).
Based off their Q1 investor presentation their big October new division announcement is going to be about the electrical vehicle market.
In the upcoming news and events slide they have "finalizing a JV with a European investor group to fund and manage the suplly of EVs and EV chargers to local transport cooperatives in the Philippines."
Loaded some up today. .0066. $8.5 million market cap. $2 million net income a quarter. Big quarter for them if they can finally deliver.
One of the best gems on the OTC right now. Catalysts stacked up ready to go. A little buying pressure will send this thing flying, but in the long haul, it will be worth much much more.
The valuation is ridiculous compared to its potential. Lots of FUD is a good sign to me. Do your research and decide for yourself
Great updates on Twitter this morning. Looks like a lot of updates in the pipeline. Lots of people hounding them about the audit, once that gets announced, this should see some life again
And what happens when they announce an auditor like they say they will? Whats going to be your argument then?
Maybe, just maybe, they're doing what they're saying and not a 500 employee scam like you're insinuating.
US EXIM bank doesn't loan 30 million dollars to scams. Also, someone dropped 1.6 million dollars to close their last offering. I feel like that someone probably did their research before doing that.
And if they are in fact a scam, the only way they're going to make any money at this point is if they increase their stock price first lol.
SFIO twitter reconfirming today that they're progressing with contract negotiations with an auditor. Believe what you want
The idea is that a central commissary can supply the donuts to an entire market. The "smart freeze" technology allows the donuts to be frozen 3 to 6 months and then thawed and still maintain their freshness.
We wont really know how this works in practice until they expand to the states. I am sure you're not actually thinking they are going to ship their donuts across the pacific ocean. I would assume they will partner with a stateside bakery just like they have in australia.
And their donuts and coffee brand is pretty good. Go on the epiphany cafe website and look at their menu and tell me if you think it doesnt catch your attention. Their Frappes and Franut combos look delicious to anyone with a sweet tooth, which is alot of people in USA.
Everyone who invests in an OTC company knows the risks and likely has budgeted money to do so, so stop making that you talking point, if i wanted a safe return I would invest in a different market altogether.
It looks fine quit being dramatic. Just because you lost money on a ticker doesn't mean its not a legit business.
They messaged me Monday morning, or replied rather. Said that they believe they are very close. I take that as a good sign that there is not much left to do. Im going to bet that their merger is ready to go, and the only bottleneck is the OTC confirming their ticker change.
They have stated in emails and through their messaging platform I think it was facebook, that they have financials finished and wanted to wait until CE was removed to post it. I would wager that financials might be one of the items that they will chose to "no longer defer" if this CE stays on into next week.
They have done this before too. So what might take other companies multiple attempts, should just take 2 like you say.
Correct that is the team I was looking at. The RNWL merger rumor popped the stock price over 500% this past august. However it has been radio silence ever since. That makes me wonder about the legitimacy of the merger and the company itself, but we will see
I’m curious what this will do with a little momentum behind it. Literally watching it trade right now with so little volume. I do not have enough experience to guess what CE being lifted will actually do to this.
For reference,
Same management team had the CE lifted for RNWF. Attorney letter published June 11th, CE lifted July 15th. Price doubled and stayed at the new level.
However, what is interesting is that this same management team then chooses to pump the stocks on twitter with RNWF merger rumors one month later and recently SPRL too.
Nothing has become of these other stocks, just dead rumors so far. But like, if they're in the business of pumping trip penny stocks then ride the wave, thats what I shall be doing.
Got the big sellers out of the way finally. You can tell its people selling at a loss or taking profits. CE comes off next week, but more important is the business updates that come after.