My reasoning on $1 PT+ & Uplist
Everything in quotes is directly from ServeBank's website or Press Releases.
OTC --> NASDAQ
"Our plan is to list your company on the OTC first"
"Once your company is listed on the OTC, we could help you to raise the funds and for you to expand your business towards meeting the requirements to list on NASDAQ within 1 to 3 years from the date of your OTC listing"
"You may opt to list on NASDAQ, NYSE, or AMEX at a later stage once your company has grown significantly and has the means to manage the stricter listing compliance of NASDAQ or NYSE."
These are uplist to NASDAQ requirements:
• Shareholders Equity of at least $2,000,000.
• At least 100,000 shares of public float.
• A minimum of 300+ shareholders.
• Total assets of $4,000,000.
• At least two market makers.
• $3 minimum bid price of the company stock.
"At the moment, the new management's intention is to bring the company current with OTC Markets and apply for a ticker symbol and name change."
02/08/21 Market Cap: 82,342,516
"SFIO hopes to achieve a market value of $200 Million ($0.32 PPS) upon the successful quotation of these companies on the OTC and or listing on the NASDAQ Markets."
"SFIO hopes to achieve a market value of $500 Million ($0.79 PPS) upon the successful quotation of these companies on the OTC and or listing on the NASDAQ Markets."
If $SFIO can reach the $500 Million market valuation after CE lift, they could opt in to apply for an uplist to the NASDAQ. This allows institutional investors to take a stake in the company ,which will attract more volume to the stock’s daily trading. What will catch initial investors eyes is that ServeBank states on their website they only invest in companies generating $20M+ annually, and when you cross reference with AgroKings it is confirmed. This is eye catching because it's not common to find a shell generating revenue, let alone 10's of millions annually. They also have been expanding at a rapid pace, which could be a part of the Press Releases to follow after the CE lift. Epiphany Café has over 15 franchise locations in New Zealand and hopes to increase this number to 20 before the end of the year. Epiphany Café is also eyeing eight (8) existing cafes in Australia to be converted into Epiphany Cafes. The company has also started to offer licenses to establishments who intend to offer Epiphany's signature iced drinks, specialty coffees and artisan donuts. This is just one of the four companies under the conglomerate AgroKings. ServeBank wants to raise capital for a potential up list to the NASDAQ, and this process can be started once SFIO Market Value achieves $500 Million or $1.00 PPS. This raised capital will allow the company to expand into new markets and grow current production, which should attract new investors around the $1 range. This could then result in a PT increase from ServeBank, and hopefully other analysts. From here the next move would be to meet the NASDAQ uplist requirements ($3 bid), which I listed above. All in all this is a stock I will buy in my ROTH IRA as soon as CE is lifted. I don’t expect this to be trading at $4 in December, but with the OTC markets of 2021 so far nothing is impossible. I am buying for the 2-5 year outlook, and with a sub .25 entry in my Roth I am aiming for a 16x+ return. For those of you who held onto this GEM for 10 years I urge you to consider reinvesting or holding onto a piece for the future.
-Slim
AI
