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For YOU 2 unload?, I'm sure it was absolutely the best option for you. The question is why are you still here? There is no share selling.... But if you would like to Save a bunch of investors, I could make a list of about 20 prominent OTC stocks that continued to dilute on a regular basis.
Is as far as selling at the high, You basically sold when S FIO Hit a spike that corresponded to a ton of other companies that did the same thing around the same time because of the Stay-at-home armchair covid investor , stimulus money OTC binge. I Hit 8 Of those overvalued runs starting at the beginning of covid myself. ..... But here's the thing, A trained monkey with a keyboard probably could have Is Been lucky on at least a couple. What other stocks during that time did you sell at the high?
Like most of the other OTC Reverse mergersThat werent complete until after April of last year, all of these Are now long term investments. If you don't believe in their company structure or future then by all Means don't invest, But don't pretend like you're trying to save anybody. Everybody here knows the risks and are willing to take the gamble.
Hanging around a stock you don't own anymore is kinda like the guy that keeps stalking the girl that dumped him and hasn't moved on, But it is trying to make everybody else think she's bad so They won't try and date her.
At this point nobody cares about George worshipping Colt. If his followers had a significant amount of money left they would have pushed us to a dollar by now. You're trying to bring a new investors. He has made his point about ILUS in the past there's no reason to go out of his way to p*** off potential new investors. Some of those that might be on the fence and see him acting like an 8 year old and that might keep them from taking the chance on this. Plus it's just enflames MORE ILUS investors To come on here and talk smack. That's real smart, Encourage that many more naysayers To keep newbies away. His ranting is just unnecessary at this point..
I listen to the Rosen interview. Whether you believe him or not he did Answer some questions that would have been better if George had gotten on with him.... Made George look chicken And fabricating c*** by not being there to answering him directly. The guy even admitted his fault in not seeing the issues with OPTI sooner. Admitting he got anything wrong, is not something you see from George.
Either way, Even if George is absolutely 100% in all of his accusations, after his recent Twitter rants, He still comes off looking like an 8 year old playing , "did not, did so!"
At least until he gets Goff settled and announcement made, It would really be nice if he'd just keep his mouth shut and stop picking fights with other groups of investors that are gonna bring up all of his possible shortcomings, lawsuits etc. He warned people about ILUS, He didn't need to pick personal fights that will spill over elsewhere!!!!
Of course keep in mind If most of these shares given to whoever, were a good chunk restricted shares, the float would be a lot lower, The unsophisticated investor(95% OTC) will "calculate" its per (unrestricted) share value at higher than $3 dollars per share. Of course I'm not gonna complain if "they" would run this up to $10 or more a share!!
Of course if they get there full 80% that means the AS needs to be raised 230000... Or George will have to give up some of his preferred.... That doesn't include the 50000 common shares missing between OTC market and the last filing
So if your right and George gives up none of his Preferred shares that are convertible to 150M....that means he and "old" shareholders hold 328,250,000(post converted shares). By your own admission you think he will give whoever 80% worth of all AS shares. And I agree this is possible. Whether its all out Common or convertible restricted shares, that means the "new" owners will get the equivalent(common or converted) of 1,641,250,000 shares (1,641,225,000×20% =328,250,000). If company is worth $5 billion that means REALISTIC per share value IS.....$5 B÷ 1,641,225,000 = ......
$3.05 per share.
Edit there's would be 16410000 less 328250000
AND STILL NO CREDIBLE EXPERT VALUATION ANALYSIS OF .. ANY. STOCK.
Repeating yourself saying it is overvalued.....is not convincing anyone...just making claims it is overvalued with no point of reference....seems ...uninformed. If most stocks are running a P/E of 15-25....That means the revenue from Big Lous ALONE Would make SFIO UNDERVALUED!!!
If you have some proven industry standard of value for ANY stock....please , list your source here.
Otherwise, ANYONES "opinion" is...pointless.
Its my "opinion" that Santa Clause is real , doesn't make it.....ohhh ....I'm sorry, hope I didn't spoil that for someone
P.S. dugie....what haven't they followed thru with. Most transparent ITC out there. Otc in crappy, patience
Ok, lightning can't strike twice...right? Baahahahaga
QTRADER pointed out
"The "majority" of shares of GOFF/WNFT bought by the private company will likely come from George Sharp converting some or all of his preferred shares into restricted common stock, so that it's not added to the float."
Being restricted, likely for 1 year, would be preferable, but if George creates enough MORE "converted shares", even if restricted for awhile...serious investors will value GOFF as if those shares will someday be reflected in the OS.
George can "create" any amount of preferred shares he wants convertible at any rate. He has already created 10Million convertible at 30 to 1. Not saying this will happen..but if I have billions of value at stake....I'd want as many shares as I could get....just don't be surprised.
George has TOLD you what is possible. If you had a Billion dollar company, would YOU give most of its value to "old shareholders"? Just common sense. Just because some here are more interested in cheerleading than ACTUALLY reading the filings...doesn't mean it won't happen. BUT HEY, the good news for you is 20% of say 5 billion still means current price is low...just not the $20+ dollars some are throwing out. Here , post the filing again.
is a so-called “tax free” reorganization under Section 368(a)(1) of the Internal Revenue Code of 1986, as amended (the “Code”), depends upon whether the owners of the acquired business own 80% or more of the voting stock of the surviving entity. If a transaction were structured to take advantage of these provisions rather than other “tax free” provisions provided under the Code,
[all prior stockholders would in such circumstances retain 20% or less of the total issued and outstanding shares. Under other circumstances, depending upon the relative negotiating strength of the parties, prior stockholders may retain substantially less than 20% of the total issued and outstanding shares of the surviving entity.]
This could result in substantial additional dilution to the equity of those who were our stockholders prior to such reorganization.
Not after convertible preferred are created and assigned
Probably 20% after Preferred shares are finished
The question is why is he going after anybody right now given the stage that Goff is at? He has already built up a base of haters. He's Sometimes like a kid poking a stick at a Nest of bees Cause one of them stung him once. Every time he pokes at The investor Bees of ticker XXXX, They come out and bring up the Failures of H MB L and the new lawsuits. You're supposedly trying to bring new investors into Goff, Do you really want newbies distracted by all these negatives? Sorry, But he needs to learn when to sit down and shut up.
I don't know if ILUS iS going to try to raise funds through a PIPE, But George's new nemesis is right in that it is a feasible possibility.... And George should know that. George came out of that hole discussion looking bad... 1/2 of his responses sounded like a 7 year old. ( You want to go after ILUS, Talk about it's overvalued PE ratio.... Not things you can't verify yet)
Let's hope you're right about that. Of course if they do get a bunch of heavily convertible shares and dilute... George could always try to play it off like, " I didn't know they were gonna do that". I guess I figure that even if they do dilute the rest of us down to 20%, And they really are worth 5 billion. ...that still equals To a pretty decent multiple from where at now
I'm wondering if you're the only other one that truly understands the implication of that post And that statement in the filings. I admit I'm pretty much like you like you and I'm going to ride the hype that the George worshippers are obviously going to push this too. And I truly hope he has a billion dollar company going into here, which really would put the share price Significantly higher.
But keep in mind as custodian, George Can pretty much create and assign any "blank check" Preferred share class he wants. Not saying it will happen, But if the current owners of this billion dollar company want to take The best tax advantage they can With the shares of this new company (as it explains)..... That means you and I and everybody else is gonna have to settle ultimately with dilution that gives "us" only 20% of the shares or less.
I have seen a couple Pose the question of why would people owning a few billion dollar company.... Just give a ton of that value to shareholders left over from a defunct company? Good question? We already have seen 5 million preferred shares added, and then the next filing filing another 5 million preferred Assign to "somebody", that convert to common stock at 30 to 1 (300M shares or 60% of total if converted)
For me, The 1st catalyst That will Put me on high alert for getting out...... Will be when you start seeing financials with a ton more common shares added Or most likely Another preferred class of millions That convert at a 1000 to 1.. Or something like that. Remember how the stock split on HMB L tanked the stock?...... The revelation, if realized, that they have the possibility of deluding everybody down to 20% or less.....well with any kind of luck , I'll be already Long gone!!!
Got that right. If it is a Billion dollar company, the owners, officers, friends, family etc...need time to aquire as much of YOUR cheap shares as possible till the reveal...or George make "make" some new ones, lo. l Thats your incentive to hold.
Straight from GOFF filling:
i"s a so-called “tax free” reorganization under Section 368(a)(1) of the Internal Revenue Code of 1986, as amended (the “Code”), depends upon whether the owners of the acquired business own 80% or more of the voting stock of the surviving entity. If a transaction were structured to take advantage of these provisions rather than other “tax free” provisions provided under the Code, all prior stockholders would in such circumstances retain 20% or less of the total issued and outstanding shares. Under other circumstances, depending upon the relative negotiating strength of the parties, prior stockholders may retain substantially less than 20% of the total issued and outstanding shares of the surviving entity. This could result in substantial additional dilution to the equity of those who were our stockholders prior to such reorganization."
Not till after Forward split is done
What do you know, We are an agreement!!!
But will they announce the merger company before the forward split?
FS or Merger announcement ..first?
Very good, It also answers the question of why and how does any company Agree to have so many shares in other people's hands. They would have the equivalent of 60+% If everything was converted( But that would only be done if they saw a hostile take over or something)
Of course if I was someone in dapper management, I would be buying shares of Goff now while it's still incredibly cheap..... Maybe even secretly keeping the price down for now....hhhmmmmm, lol
His name isn't on dapper labs. They are just correlating when dapper Sold 23 million dollars worth of equity.... And when Goff Assigned 4.7 million shares to George... Who already had 300k.super voting shares. That is on the last 2 quarterly statements by GOF. Plus there's another Is 5 million Preferred shares assigned to "someone".
Most likely George will turn over most of his preferred App that merger. If it is dapper it is still way undervalued, But everyone needs to realize that if the preferred is converted, That's the equivalent of 300 million shares Or about 60% of what the total would be at that time.
Not curious, huh
Another question to ask is as of the last filing, They now have 10 million total preferred shares dulled out.... 5 million in Georgia's name if you count the 300,000 super voting shares he was given earlier. They also show 228,225,000 Common share in the Balance sheet.. A million was restricted that they also gave to George. Yet on OTC MP, They are showing a 178,250,000 OS.
10,000,000 Preferred can be converted to 300 million common shares. Let the speculation begin!!!
So if I am so terribly wrong about other investors being gunshei and that not everybody trust George like you guys do...... What are your brilliant deductions as to why we're not over a dollar now?. And don't say it's because of MM manipulation. The fact is that if if all these "other" investors saw this great potential.... The volume would be 10 times as much.
You mean those that trusted HU MB L would be a multi million dollar profitable company And Would never set up a dilution situation Soon after merging? Pretty arrogant to believe everybody else didn't know what they were doing except for those invested in Goff. And it's exactly that attitude that new investors coming here are reading and saying to themselves..... Oh these guys must think I'm stupid Learning no about it for getting taken... Screw this.
Has nothing to do with concern for your Investment, its simply an explanation why all OTHER investors are waiting to jump in. If George comes through and this is this is who most think it is..... I will be celebrating there along with you. Lets just get to that announcement sooner than later.
Even if you are right, It doesn't negate the most recent failures in reverse mergers. Almost All of Georgia's supporters will always be here and ready to invest.. But many other investors had their favorite custodian firms as well, and fair or not, They are gunshire of any reverse merger. Those are the "new blood" that want to be more sure. And it is always good to keep in mind that George has p***** off more than one investor by causing certain tickers to collapse, whether he was warranted or not, George is not on there favorites list.
Everybody claims to have made money on HMBL.... And many did. Lots of people have made money on reverse mergers. But keep in mind that more than not of the most recent mergers have ended up being very disappointing. IFAN, AVVH.... Even some of George's followers got burned on RETC. HMBL was not the large Profitable company it was originally implied to be(hype ran it unrealistic)..then the Preferred B fiasco.
Long story short, I think most are waiting to make sure this is the billion dollar companyThat everybody else is so sure of. If it is WAX or something of that Caliber.... Then most likely the flood gates will open. If it ends up being another HMBL, George is done!!
Gee, By your pessimistic standards 99% of all companies should just shut down and call it quits. According to you, The only companies in the world that are going to survive the world economy, Are the ones that are going to completely cure cancer Or teleport people around the world without having to fly.
Funny you think no other company involved in just the staples of life can expand and grow. You think if we do have some seriousness Recession that people aren't going to buy donuts and coffee? I can tell you this, If we had only $5 to spend on food for the whole week,.. My wife would spend it on a Starbucks Coffee..... About the only vice she has. Dutch Bros. IPOd with 400 some coffee trailer shacks and was valued at 3 Billion.... no great innovation there!!!
With all your great investment experience, Why is this about the only stock You post on ihub about? You can tell that most here are diversified to interests in more than one.... That they actually hold, lol
OK, ONE MORE TIME!!!!!!
With few exceptions the OTC has still not found its bottom and trading is erratic and crazy.
If you're in this for a couple months swing trade..... You probably aren't going to be successful.
As crazy as the MM's have been setting the spread, Both on increasing buys and sells... The day trader might as well go to something more reliable.
If your investing here, It should be because you think they will continue to grow and increase their profits.... In the long term .(probably at least another year)
You either buy the dips, Or move to a stock you think has a better chance Of succeeding. Crying here or complaining about market forces None of us can control, Is just counter productive.
Th 1-A Form to sell another 100 million shares is the 3rd one they've done but have not actually Had any outside takers. In the case of this last one, It would delute the total by about 8% And the funds would go directly towards expansion of core companies, Not to burn money just to keep a failing company a float like many OTC stocks do.
Why the ultimate merger ended up with shares where they did, We do not know the impetus for these decisions but here's basically what we know. Over 340 million are in the hands of Bounce and hatatdi. 185M Common shares are owned by Jeths.Another Approx 250M shares are owned by various officers And individuals involved with SFIO in some way. Most of these are restricted. That leaves the rest of us with 600+M shares.
The only other thing to consider is that Jethes owns ALL 750,000 Preferred share(voting control) he got transfered from Hatadi. We don't know for sure if he got anything else for the shares such as Cash etc. If he converts all of those shares he will own another 750 million Which would put his total ownership of common shares up to about 930 million And SFIO would now have 2.1 billion COMMON shares. Of course there's no reason for him to do that, But for NOW,, that's the most possible worst case scenario dilution.
So here are the 3 questions you have to answer to stay invested.
1) Do I believe the company has growth potential and will they maintain and increase their revenue and profit margin?
2) Of the restricted shares most are owned by upper management or somebody closely involved with the company's daily operations. There's only one other person that has a significant stake in shares in this company. Do you believe that the majority of these people have so little faith in the company that they will sell these shares as soon as they're able to(cant for awhile)?
Even Hatadi who Has a significant amount of shares, that if he tried selling in the current downward OTC market he would take a serious bath. Doesn't it make more sense for him to see where the company goes and hope for a price swing after we get past the current Market Recession?
[If all these "owners" are really invested, that means most shares being sold now are impatient retail investors and MM s are linking there pockets]
3) Is this invested money That you can allow to stay in the market long term, Or am I just looking for a short term flip.
So, if you so "no", to any of these questions, then you might want to move on.
If you said yes, Then buckle up for the ride and add Unneeded funds as you have available. I have no problem with people raising concerns about any company's actions or directions.... Lord knows I put my opinion out more than once..... But if you just want to Complain after every correction,, Either man up or move on.!!!
If anybody thinks SFIOs price is struggling because of its specific fundamentals, management, or financials....This chart is of the OTCQB Venture index since last year. 100+ companies on the more speculative end of the middle range OTC markets. SFIO is still in the Pinks...which have crashed twice as bad as QB.
OTC Is just now starting to show some signs of getting close to the bottom.... But in reality it's probably going to take many more months if not a year or 2 for the larger investors to come back into it. If it follows like it did in 2002, Those with solid revenue, profits And undervalued by PE and PS ratios.... Will emerge and run first. BUT...
Be prepared to consider this as a long term investment as the days of Hyped up, stimulus driven 10 baggers....are gone. Complaining about Larger price fluctuations or lack of short term catalyst driven price spikes.... Aren't going to make this move any faster. You either believe in its management and growth potential, Or you don't.
Unsubstantiated claims about Fake stores or bogus Company acquisitions... Are just feeble attempts to either get you to sell out so others can pick up cheaper shares.... Or a general lack of anything better to do by those that enjoy being a contrarian so they can pretend to have special knowledge that they really don't.
Well, that's 10 minutes of my life I can't get back. And I say 10 minutes because I had to read it 3 times to make any sense out of it.....and still cant!!! So, since there is no significant addition to share count....[share selling,, propping up] someone seems to think that every time shares are (re)sold and (re)bought on the exchange, somehow that money is going directly to management. I guess the MM are just paying the investors out of their pockets and sending the money to Jethes.
Someone can't read financial.. intangible only 3 mill. Goodwill is NOT the same...value is in legit future profit of acquisitions over and above book value, fees from service industry (usually repeat) customers etc. Either way, both do have value and many companies account for them. Musk is paying Billions for Twitter "goodwill"
As far as the rest of it... cash out of business...overvaluation (still hasn't posted ANY legitimate financial calculatiion for "value"), freezing for...seafood.....if any of you can translate this for me......no...wait..on second thought, I don't want to waste another minute on this.
On a side note, glad more brokerages are allowing trades, this has definitely held up MANY pink stocks. I mentioned last post that pressure should be kept up for "auditeds" as they can't uplist for a year after.
You have been given an answer, You just don't like it. As I and others have said, I think even they understand they made a mistake getting involved with some of the actors that got them to the OTC. But in reference to a more specific answer, I think you're forgetting a few realities.
When they 1st went down this road of getting listed on A US exchange back in 2020, Reverse merging into otc shells was all the rage.... Look at Sharps big one. That by itself is not a reason but there are some advantages of doing it the way they did As opposed to going the route of say an IPO.
First, an IPO usually, Does take a lot more money and a bigger cut to investment banks and promoters to get it up and running.
Second, Especially, back in 2020, One of the main advantages is that you could get listed a lot quicker than going a more traditional route. Merging into a shell back then could take as little as a couple months. Unfortunately, They started this process at a point when Companies were trying to get current To beat the new federal rules Involving OTC requirements To stay listed on the OTC exchange. Yes, They had a misfiling or 2, Everything they needed to finish the merging process was backlogged by everybody trying to get done at once. This ended up taking them over a year to get all the steps completed. Over 5 months to get a name change..... Delays like that were just Unheard of in a normal situation. But besides all this there are other reasons. But 1st I think we need a reality check of what you think the costs are.
The following are excerpts from a blog of a law firm that specializes in mergers and acquisitions And specifically reverse mergers.
"Although the cash price of shell entities can vary and changes over time as does the value of all assets, as of the day of this blog, the average cash value of a fully reporting public entity with no liabilities, no issues (such as a DTC chill) and which is otherwise “clean” is between $280,000 – $400,000. The price variance depends on many factors, such as pre- and post-closing conditions (such as a requirement that the public entity complete a name change and/or stock split prior to closing); the ultimate percent ownership that will be owned by the private operating company shareholders; how quickly the transaction can close; whether the private entity has its “ducks in a row” (see below); whether the entities have complete due diligence packages prepared; and whether any broker-dealers or investment bankers must be paid in association with the transaction."
And there are other legitimate reasons for going the way they did.
"Reverse mergers allow owners of private companies to retain greater ownership and control over the new company, which could be seen as a huge benefit to owners looking to raise capital without diluting their ownership."
"Accordingly, companies that may be less mature in their development and unable to attract sophisticated capital financing can use a reverse merger to complete a going public transaction and still benefit from being public while they grow and mature. Such benefits include the ability to use stock and stock option plans to attract and keep higher-level executives and consultants and to make growth acquisitions using stock as currency."
So even though you may not like the way they went about to get listed, It was a legitimate way to do it. Based on these experts, Your reason about potential costs don't really hold water. An IPO would have been significantly more. Plus the Financials in history needs to be much more spelled out in that scenario.
If you want to raise a legitimate concern about something then I would suggest you push to have them complete their audited financial sooner than later. The longer they wait, The longer it will be before they are able to uplift uplift to NASDAQ.
"The rule change prohibits a reverse merger company from applying to list until the combined entity had traded in the U.S. over-the-counter market, on another national securities exchange, or on a regulated foreign exchange. [for at least one year] following the filing of all required information about the reverse merger transaction, ....[including audited financial statements]"
The delays caused SFIO to miss The window when OTC stocks were Exploding on the stupidest of catalyst. "Smokefree" Was probably about the worst name of a company they could have merged into. Mistakes were made but I don't think you're going to get any more detailed explanation from them about This process. What's Done is done, All they can do is go forward and do the things they need To up list in the next 2 or 3 years.
Inflation...duhhh. And you think this has anything to do with a specific party or group of politicians. This has been in the making for 20 years. Trillion of dollars on wars of "choice", Trillions in tax cuts going to those that need it the least(most of that by 1 party). Two year pandemic vacation with plenty of Printed stimulus money approved by both sides( Last president wanted even more)....... Lower middle class Americans forced to try to live on 7 or $8 an hour less than a decade ago, Are just now starting to make livable wages..... That equals inflation.... But maybe they don't deserve a livable wage, huh. Formerly 3rd world countries with dollar A-day wages finally standing up and saying we want our share.
The enemy is not a specific party..... As the old saying goes, " I have seen the enemy, And it is us!"
"We take the House and senate", lol who is we?!! THERE ARE NO TWO PARTIES!!! I don't get why people can't figure this out. BOTH switch their platforms so often is hard to keep up. NO President or congress has short term control or influence of economy.
Remember when Dems wanted money out of influence in politics...until more Liberal Billionaires started donating them larger amount. Once Doves, now supporting military Involvement including now Biden in Somalia. Say they want to tax Billionaires, but when they have control, agree to more tax cuts for them to Stimulate economy
Remember the Tea party said we couldnt spend money on anthing thing till National debt went down.....Trump NOW says Debts dont matter and spending is good. GOP supported almost all free trade agreements for slave wages for business class..NOW ..they are bad. 40 year Neocon want foreign military involvement.....NOW we should stay at home.
Give them 5 years and they will all change their positions again!!@
One reason I have hope for SFIO, Is they are largely unaffected by the stupidity of the American politician and brainwashed bipartisan voter.
I joined originally hoping to spur the members into posting more and consistently so the Stock could get more visibility. Thought a few hundred could blanket media. In reality, there are only 15-20 that post there constantly.
Most of them are ok and open and have some have good contact with management and a few still post here. There's a couple that want to keep that group critical free which is who I had issues with. Many PMd me after leaving/booted saying they didn't like the way they booted some.(they stay in touch)
I actual had one my " spies" tell me that just today they were scapegoating me and talking smack....and I left months ago.
My reason for pointing this out is that 3 times we had runs that got us on media sites attentions. But SFIO standing faded quickly because only a few kept the overall post counts high.
At this point, without more retail investor interest, price won't move significantly until some TRUE institutional whales see the value.
Numbers out Baby!!!!! As promised
$6.76M rev $27+M Annualised (RE, other new congloms to start showing Q2,Q3)
NET profit $1.83M = 27% Profit margin
$2.2M increase in net worth
$4.77 net cash increase
P/S = 1.7 [OTCQB avg = 7] P/E = 6.4 [NASDAQ avg = 26] UNDERVALUED
Just proves 1 financials after RM were NOT exceptions!!
The company submitted the application to NVSOS for a new class of Preferred Shares (Series B) with 310,000,000 shares. This new class of Preferred Shares (Series B) will be utilized by the Company for shares of the officers, acquisitions and strategic partners. [Reduce OS]
? Epiphany Ventures Asia SDN BHD, the Company’s strategic partner (subsidiary) that manages Epiphany Café franchise business in Malaysia, has secured four sites in Kuala Lumpur (airport and malls) which will be setup to become Epiphany Café’s flagship stores in Malaysia
? Market Research and Study for Epiphany Café franchise business in Malaysia has been completed in May 2022
? Trademark application for Epiphany Café in Malaysia has been submitted in April 2022
? A Deed of Assignment from Premier Asia Pacific and Development Corporation to the Company is in the final stage, which will grant the Company to continue the development of the 5-tower project, Lombard by the Bay in Batangas Philippines.
Now, watch, idiots will take profits instead of patience!!!!