Not sure you all say, but they have updated their website and added a investor presentation. Also, I keep hearing they only make 10 percent. That’s false! People are conflating eBays standard (10%) fees with “that’s only what SFLMaven makes”. That’s ludicrous. This company BUYS jewelry from estate sales(an auction) then sells them on eBay. Not sure how that’s hard to understand. The CEO said it himself when talking about wanting to raise the 11M. It’s to BUY additional merchandise and possibly other jewelry stores to resell it. It’s a awesome business model with very little overhead, hence the reason they’ve lasted for 17 plus years. Check his interviews.
Not sure you all saw, but they have updated their website and added a investor presentation. Also, I keep hearing they only make 10 percent. That’s false! People are conflating eBays standard (10%) fees with “that’s only what SFLMaven makes”. That’s ludicrous. This company BUYS jewelry from estate sales(an auction) then sells them on eBay. Not sure how that’s hard to understand. The CEO said it himself when talking about wanting to raise the 11M. It’s to BUY additional merchandise and possibly other jewelry stores to resell it. It’s a awesome business model with very little overhead, hence the reason they’ve lasted for 17 plus years. Check his interviews.