SFLMaven Corporation (SFLM)

[SteveMo]

KEY POINTS:

7.5% increase in revenue
140% increase in assets
3800+% increase for cash in hand
194% increase in inventory
BUT ONLY $27,000 (4%) increase in “gross profit?” LOL!!!! Looks like another half million dollar (less $27k) net loss coming again for 2022!

The Company also accumulated a large cash position during the quarter as average weekly sales exceeded expectations. Management has decided to begin diversifying its cash position given steadily higher inflation levels that pose a risk to long-term purchasing power. Steps to address this risk include holding higher average inventory levels and establishing some exposure to Bitcoin.
Accumulated a “large cash position” due to exceeding sales expectations? That must be the new fancy term for dilution!

How is Bitcoin looking these days? This company and constant PR’s pumping this garbage is laughable… this is one sinking ship with no life vests to be found!