InvestorsHub Logo
Followers 91
Posts 1454
Boards Moderated 0
Alias Born 01/05/2021

Re: OLZEKE post# 72244

Monday, 04/05/2021 11:46:46 PM

Monday, April 05, 2021 11:46:46 PM

Post# of 96234
It's just a question of valuation isn't it?

While there was lots of excitement over the past two months for the sub-penny SKDI heading up into whatever the new ticker was going to be under SFL Maven, once the changeover was made official and the stock hit the upper .01s, profit-taking commenced (sort of like a "sell the news" happening) along with some confusion about how much profit SFLM actually realizes from their steady ebay sales revenue in relation to how many shares are out. One thought is that it could be the very consistency of SFL Maven's revenues, year by year, that could be taken as a negative (due to no exponential growth), and that stagnation of the stock price could accompany that.

To be clear, I am not predicting stagnation of the share price, but I do sense momentary confusion at this point regarding just how undervalued SFLM may be, and IF it is.

It also seems that penny stock buyers are uncertain as to why the CEO just recently described SFLM as "massively undervalued"... based on what math?

The idea of luxury goods revenues is nice, but doesn't SFL Maven act more like the auctioneer/middle man in these sales, receiving a fraction of the revenues we're talking about?

Or do they actually realize more, and how might that work out to net income per share, and how much?

At this point my gut feeling is yes the stock is undervalued, and may potentially run from here to .05 to .10 short term, but I admit that's not based on any concrete math but rather a guess that net income may be shaping up in the area of .005 per share currently which would multiply out from there x5 x10 or x20 to anywhere from 2.5 cents to 5 cents to 10 cents per share.

Despite the stall it's still a nice looking chart.