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Re: Helter Skelter post# 18490

Friday, 03/03/2023 1:09:53 PM

Friday, March 03, 2023 1:09:53 PM

Post# of 19794
The problem with the news release last year is that this year 2-21-2023 SMCE came out with a news release that SMC Entertainment does not own Genesis Financial.
Due to existing limitations and restrictions in the Australian financial services sector.
That same news release allows Genesis Financial to own 10% of SMC Entertainment.
But wait, what about existing limitations and restrictions in the Australian financial services sector.

SMCE not owning Genesis Financial may not be a bad thing.
Then SMC Entertainment would not have to worry about any of Genesis Financial's liens, defaults, payoffs, discharges of liens, releases of guarantees, and other disclosures.
It seems as the two companies are trying to figure out the best ways to work together.

The problem with that news release is that I own $FDCT stock, who was to buy Genesis Financial. FDCT put out a news release 8-27-2021 that Genesis could not comply with several non-exhaustive material provisions, covenants, or conditions. Among other items, it included releasing liens, defaults settlement, payoff letters, discharges of liens, releases of guarantees, and other disclosures required by the Agreement.
From my understandings it was Genesis Financial that could not get their financials in order.

Since then on 12/23/2021 FDCT released news that FDCTech Completed Pivotal Acquisition of AD Advisory Services Pty Ltd.
Ad Advisory Services – ACN 628 331 117/AFSL No. 237058, an independent specialist dealer group, provides licensing solutions for select education and compliance-focused financial advisors & accountants. ADS has a dedicated management team are qualified financial planners that service metro and regional practices around Australia.

So I started having concerns owning shares in two USA companies owning Australian companies in the financial sectors. So I did my own research to find out more.

FDCTech has no existing limitations and restrictions in the Australian financial services sector.
It is expected in the next FDCTech FORM 10-Q due out sometime this month of March 2023 that AD Advisory Services and FDCTech have been doing well together.

Also in the latest news 1-6-23 FDCT bought 50.10% of https://nsfx.com/
NSFX Ltd. was founded by a group of professionals in the financial industry with a clear vision of creating a regulated online trading brokerage that would provide investment services to all types of traders and institutions, globally. The company’s technological infrastructure was built with a deep understanding of trader’s ongoing needs. Combined with strong connections within the banking system and with liquidity providers, NSFX Ltd. aims to offer one of the best trading experiences in the market today.
NSFX Ltd. is a Maltese regulated investment services provider that operates under European and Maltese regulations. NSFX Ltd. services the English, French, German, Italian, and Arabic speaking markets. NSFX Ltd. is an innovative broker with a global posture.

NSFX Ltd.’s approach to technology can be put quite simply ‘innovation”. Innovation is incorporated into every design and system NSFX Ltd. produces, with the intention of creating the most optimal, intuitive products possible. NSFX Ltd. has developed an impeccable data safety infrastructure, advanced solutions and functions that put our clients trading experience at the forefront.

It is my understanding that the FDCTech CEO has been very busy running operations in Cyprus and Malta.

Past news 7-22-22 FDCT bought 80% of CIM Securities, LLC a FINRA and SIPC member firm. Pending FINRA regulatory approvals. https://www.cimsecurities.com/

FDCTech would have liked to have bought Genesis Financial because it could have been run well together. Since then FDCTech $FDCT has been doing acquisitions.
Old News:
SMC Genesis Financial shareholder update on USA Expansion seeking to acquire Broker-Dealer and RIA business
Press Release | 02/07/2022
Charleston, SC, Feb. 07, 2022 (GLOBE NEWSWIRE) -- SMCE and its wholly owned subsidiary Genesis Financial are activity seeking acquisition opportunities within the USA. The Company recently engaged a banker to find accretive acquirable US based opportunities. SMCE has signed two term sheets and is currently conducting extensive due diligence on the potential acquisitions. It is expected that financial close of the initial transactions will occur within 60 days

As I stated since the 2-15-2023 news that SMCE would run back down to pre-news prices of .001 But that was with SMCE having the Genesis Financial revenue.
Now, I don't know where SMCE will go from here but I am willing to take the risk and buy some at .001 to hold if anyone wants to sell any.
As far as $FDCT it trades very little and takes off when least expected, it is not a stock to be flipped anytime soon. It is a buy and hold because the company is very busy growing.

Disclosure: I own both SMCE and FDCT stock.
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