You are absolutely correct, SFIO price fluctuations are no more or less extreme than the vast majority of OTC right now. A few cult followed stocks move and react more to catalysts, but they are the exception, not the rule. (Often crash after run)
If you follow the 50 most followed stocks on OTC that have any decent amount of followers, you tend to see the same tickers pop up on Pumper twitters sites. NOW consider there are THOUSANDS of OTC stocks, and only a fraction of those have more than 50 followers on ANY investor sites!!!!
It would be nice if everybody added NEW facts about the status of the company instead of just constantly repeating prior "concerns", but that is their right on IHub. Either way, I thought it would be good to set the record straight as my DD has discovered.
A few have continually brought up share allocation, ad nosium, to imply a nefarious aspect to the Reverse merger decision. Here are the FACTS!!
SFIO, the shell, came in with approx 633M shares. Originally, upon merger completion they added ~776M common shares and 750,000 Preferred. Servebank served as the custodian and transferred ALL preferred to Jeths. Those can be converted to 750,000,000 common shares and holds voting control. Jeths also received 185M common shares(If his Preferreds were converted, Jeths would have/ control 935M Shares). Other Execs got 100M shares and Hatadi and "Bounce" got ~348M shares.
Why Hatadi and his bank got that number of shares, we don't know and we don't know exactly and deals about how they may be Used or reallocated. Original his share amount was somehow based on Authoized share totals which were set to high in hindsight.. We do know that later Hatadi Gave up 18M shares to help pay off the only known debt from the previous company(this 18M + 7M from another owner were surrendered and transferred to the holder of the debt, no new shares were created).
Did Hatadi take advantage of SFIO in his role as custodian. Many think so, but even if true, its done and time to move on. As, I said, their may be other agreements in which they have to "sacrific" shares or allow for cheap buyouts.
HERES THE THING THIUGH,...ULTIMATELY..... the only thing that matters to, US, the retail investors, is whether the company is growing. Profitable AND (you'll listening) UNDERVALUED!! It doesn't matter if a company has 1B shares at $.01 per, or 1M shares at $10 per(same MC btw). ALL that matters is what that equates to in Price to Sales and Price to Revenue. AND..Based on EVERY professional stock evaluation centered on these most basic P/E AND P/S valuations(still waiting for those alternate valuation methods!!).....SFIO is not only UNDERVALUED,...but MASSIVELY undervalued. Unfortunately it does not have a cult following and is still under the radar. BUT, thats partly Ya'lls fault for not promoting it more!!!
Back to the "shares" situation. So of that original add 776M shares, all but ~55M were RESTRICTED ( leaving 720M). The 55M went to an inheritor of an original Exec and were unrestricted. Many here think many if not all those shares have been sold.
After this last filing, we know that the debt is gone(Hatadi sacriced for most of that) and a MASSIVE ~5.7M(YES M not B) has been added to Restricted. Some of this is share in exchanged for assets (e.i. MAHARLIKA FOODS LIMITED). But, after taking away the ~625M of the >5% owners, the majority of the 720M shares were...NOT... purchased , "at a discount
to market price at the time of issuance". OIOW, no price giveaways.
As far as dumping shares, the only RESTRICTED shares left allowed to be sold are those 25M shares held by those that HAD given up the old debt AND only at 125,000 per day max.
Thats RIGHT, price is mostly likely being affected by ONLY retail investors!!!!!!!!!! and MMs
So, other than a very few unaccounted for shares in the fillings, the transfer agent shows basically ~800M Restricted shares and 611M unrestricted. If Jeth converted all his Preferreds(usually only touched in cases like hostile takeovers), that would put the total shares count to ~2.16B shares (would STILL be way UNDERVALUED).
Yes, they did file for the POSSIBILITY, to add shares to pay for expansion purposes only. This is not a sure thing, and even if done, it only ads about 8% to total share count. How many companies would resort to "toxic lending" instead...is this not better. But AGAIN, even the best companies have diluted for expansion..Unless your talking adding 50, 100% to share count..it not a big deal and to be expected.
It was just posted here a response about the auditing stage and why it was slightly delayed and they just posted that the Cafes in NZ have doubled and they have approvals for other " starters" in other countries. YA, I'de like to see 200 Cafes in the US. TOMORROW....but come on people, we know in reality these things take time and often hit delays.
There are A lot of other interesting updates in the last filings that I would suggest you take a look at. Just one example is a company they are working with, Triple Trading, Inc. for their coffee distribution in the US. Here is what Amazon has to say about them.
Triple Traders is a good seller on amazon.com. Triple Traders has an impressive rating of 4.89 stars indicating that most consumers are very satisfied with the products they purchased from this store.
They mainly sell grocery & gourmet food, home & kitchen, health & household, beauty & personal care, industrial & scientific products under the brands of Ahmad Tea, Regal Crown, Alopecia, Sewak Al-Falah, Sadaf. At present, they offer over two hundred products for sale, some with Prime shipping available. The average price of all the products in Triple Traders is roughly $12.
OTC is still mostly in shambles (you can point to the exceptions all you want, but not much has really changed). Most likely it will take another quarter or 2 to be really noticed along with Audited financials to instill confidence...before we will see major price movement.
Until then you really have 2 choices, Add on the dips like now or sell out and move on. It really is just that simple. You want the price to improve??? Well then you might want to start by getting Off your social media arshes And promote this on any Twitter and any other investmenent sites!! Whats the old saying, "God helps that help themselves". Of course, BUYING more shares will help the price too.
Other than this, if you want or DEMAND more information, then do like some here did and SEND THEM AN EMAIL!! Just complaining will only increase your stress...and lord knows, some of us have been showing alot(if course I can only speak for myself!)
