Tuesday, April 27, 2021 5:40:25 PM
The other reason is remember the CEO owns 300M shares of common stock which he was given back when SFLMAVEN was acquired in October. This made him the largest stakeholder thus in charge. At the time that was 27 percent ownership. Dilution means his stake goes down! Clearly there has been a bit, but honestly for an OTC is tiny. I don’t think he’s stupid, and would dilute himself out of control. The last major “dilution” I saw was 20 million at on the common back on April 3rd. This could account for several different things. There are other former stakeholders who could have beat feet and run around the .015 range.
There has been several articles one being the market watch and the other from journal that are informative. SFLMaven has been listed with companies in these articles that have anywhere from 7 to 700 dollar pps. Just something to think about.
https://www.journaltranscript.com/2021/04/sflmaven-corp-otcmktssflm-jewelry-upstart-making-waves-in-luxury-space-rh-lvmhf-sig-race-cpri-tpr/
https://www.marketwatch.com/press-release/luxury-stocks-in-focus-as-spending-booms-nyse-sig-otc-us-skdi-nyse-tpr-2021-03-24
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