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Replies to post #70137 on SFLMaven Corporation (SFLM)
$SKDI DD - Updated March 21, 2021
Now that plans for 2021 stated when acquired in 4Q 2020 can be seen as being implemented and sales figures are consistent / increasing:
- Key Points from 1st and 2nd videos thinned out - links to videos retained and all interested traders are encouraged to view.
- For brevity, details of past trading day price surges under 45% prior to 4Q 2020 removed.
- Large surges over 45% prior to 4Q 2020 retained to illustrate how thin the stock is to the upside in the .01 > .15+ range
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Recent Major Developments:
On October 5, 2020, $SKDI announced it had acquired high-end jewelry company SFL Maven ["SFL"] - with revenue of $11M in 2019 - in a stock-only transaction - and would be pivoting direction.
On October 8, 2020, $SKDI announced that it would be streamlining operations to drive greater focus on high value, high revenue segments.
The centerpiece of this focus will be the Company's recently acquired high-end jewelry business SFL.
The realignment in operational and strategic focus is to maximize returns on invested capital ahead.
This realignment will entail cost-savings and cash generation to support the growth of the Company going forward and will increase the ability to maximize returns with the new acquisition SFL.
As part of this realignment, Hakuna was sold as a going concern and Numuni - which failed to launch - divested.
CEO of SFL Maven became CEO of $SKDI wef October 12, 2020.
Effectively, the highly successful, beyond well-established jewelry business SFL Maven went public with the ticker symbol $SKDI.
Significant further information about the success to date of SFL and plans ahead have been given in 2 x videos to date [see links below].
$SKDI is now re-focused on a serious revenue generating business and - having divested itself of non-core businesses - is set to deliver shareholder value.
$SKDI will report millions in topline revenues in the 2020 Annual Report for the first time in its history.
The CEO has confirmed that there will be no reverse stock split and that the company has a very tight public float.
His focus will 100% be on revenue growth.
Re-branding + name change + ticker change are also planned.
On February 18, 2021, the company stated via PR that it had applied for a name change of the current ticker $SKDI to "SFLMaven" - approval expected by mid-April.
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Key Points - $SKDI / SFL Maven CEO 1st Video:
Business:
- SFL Maven - sells fine luxury + estate items.
- In business 18 years on eBay.
- One of the leading sellers in business sector on eBay.
- $127M total sales to end-2019 - almost 180,000 items.
- 2019 top line revenue: $11M.
Objectives for "New" $SKDI:
- Need to increase exposure in luxury markets as a whole.
- Revamp Corporate image.
- Build out own professional on-line retail site.
- Increase $SKDI share holder trust by delivering dependable growth month after month and Q after Q.
Expectations in 2021:
- Expect increase in revenue of 30% over that of 2020.
- Achieve through increase in inventory and economic healing overall in the economy.
- Want to deliver "fantastic shareholder value".
$SKDI / SFL CEO 1st Video - PR'ed October 9, 2020 - here:
https://vimeo.com/466211275
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Key Points - $SKDI / SFL Maven CEO 2nd Video:
- SFL has a proven track record over 17 complete years as a jewelry business whereas the previous $SKDI business model (now divested) was based on a technology company that would have raised money based only on ideas and hoping they worked out.
- Hired an attorney to write an Offering Statement to raise $8M - subsequently changed to $11M - in 2021 to:
-- Increase inventory to increase sales volume.
-- Have capital on hand to acquire small jewelry businesses and any large private collections of jewelry that might be offered for sale.
- Rising price of gold has affected the market "big time".
- Luxury on-line goods doing well during COVID-19:
-- People want to feel good.
-- Watches and jewelry sales both up.
$SKDI / SFL CEO 2nd Video - PR'ed November 2, 2020 - here:
