The market turbulence experienced currently can offer opportunities for daring investors that are willing to ride the tide. However, staying focused and keeping a cool head when picking a stock for the long-term is vital. SFLMaven Corp (OTCMKTS:SFLM) is currently showing potential, and in the last session, the stock jumped 7%.
Trading Data
On Tuesday, SFLM stock moved up 6.67% to $0.0008 with more than 13.23 million shares, compared to its average volume of 34.89 million shares. The stock moved within a range of $0.0008 – 0.0009 after opening trading at $0.0008.
About SFLMaven
SFLMavern is a premier supplier of high-end premium items to a diverse clientele of affluent buyers. Since its launch, SFLMaven, known for its Thursday Night Auctions on its highly-rated eBay site, has generated sales of over $140 million and more than 100,000 positive reviews.
SFLMaven Continues Plan to Uplist the Company with Audit Committee
The company has announced plans to commence preparations for its uplisting and acquisitions. Already the company has put together a committee comprising of business experts in accounting to review its present accounting practices and principles with recommendations, identify SEC-peer-reviewed auditors that will fit the company’s profile, and initiate a plan to organize and audit the company ahead of uplisting. Also, the committee shall explore the filing of Form 10 for SFLMaven to be Fully Reporting with the SEC.
CEO Joseph Ladin stated that he is eager to put the recommended accounting standards into reality so that, if the company is certified, it becomes a fully reporting firm and possibly uplist to a bigger national exchange like NASDAQ. The time has come to advance the business. Ladin said they are hiring excellent talent who can assist with the work required for the potential NASDAQ IPO and future uplisting. He added that even while they are aware that there is no certainty, at least there is a plan in place, and to get started as soon as possible on the course of working toward the objective.
As was already reported, the company is using its Reg A+ to raise money. In order to improve capitalization in light of the current market conditions, SFLM recently decreased the Reg A+ price. Recently, Mr. Ladin added that what was important about the company raising cash is using it to buy unique technologies or purchase other firms that help strengthen our goals and ambitions.”
Key Quote
CEO Joseph Ladin said, “I’m really looking forward to implementing the suggested principles and proper accounting practices so that we can become a fully reporting company and potentially uplist to a larger national exchange such as NASDAQ, once we are qualified”.
Technical Data
SFLM stock is trading below the 20-Day and 50-Day Moving averages of $0.0008 and $0.0008 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0019.
