web analytics
16.5 C
Munich
Sunday, May 22, 2022

SFLMAVEN (OTCMKTS: SFLM) Heating Up as Ebay Top Seller Reports Record Setting Performance During March & Move into Emerging ‘MetaVerse’ Space

SFLMAVEN (OTCMKTS: SFLM) is heating up in recent trading with a significant surge of volume and beginning to make a move to the upside. The stock is getting noticed and has been under accumulation by a growing shareholder base attracted to the stock by the Company’s rapid growth in sales. SFLM heated up this time last year and ran to highs of $0.02 from a start point of about $0.003. The stock dropped farther since than as gravity fueled by some dilution took its toll. However, there has been a marked increase in trading volume in recent days with dollar volume moving up to several $100,000 per day. SFLM has an attractive share structure here; of the OS, 315 million are restricted and post CEO Joseph Ladin returning 300 million shares to the Company’s treasury, there are just 1,493,770,942 free trading shares as of March 26. 

Business could not be better for SFLM, according to management: “We are having some strong tailwinds in place right now, including our unique ability to meet the needs of jewelry consumers in a context defined by supply chain issues and bare bones inventories for other jewelry sellers. Because we deal in pre-owned luxury estate jewelry and watches, we have no supply chain constraints.” Driven by the Company’s popular Thursday Night Auction events, SFLMAVEN recently reported a record setting performance during the month of March. Earlier this month SFLM reported March 2022 performance data, which was highlighted by 51% year over year sales growth to an annual run rate of over $14.4 million in total topline sales. Highlights include total revenues of $1.21 million in sales for the month of Mar 2022, up 51% year over year, total sales up 49% on a sequential monthly basis, 1,362 items sold, up 66% on a sequential monthly basis and a new Company record for sales. During the month of March 2022, the Company managed to set new multi-decade records in total sales, product pricing, and unit sales volume as demand for high-end goods grows in an environment defined by supply shortages for precious metals, rare goods, and luxury items. 

SFLMAVEN (OTCMKTS: SFLM) the Company’s wholly owned subsidiary, is one the world’s largest online marketplaces for authenticated, luxury goods. Through its wholly-owned subsidiary, SFLMAVEN hosts auctions using eBay’s auction technology. The Company is revolutionizing luxury resale by providing an end-to-end service that unlocks supply from luxury good sellers and creates a trusted, curated online marketplace for buyers globally. Over the past seventeen years, the Company has cultivated a loyal and engaged seller and buyer base through continuous investment in its logistics infrastructure and relationship development. Famous for its Thursday Night Auction events on its top-rated eBay store, SFLMaven has driven over $140 million in sales since inception, earning more than 100k positive reviews along the way. See the Company’s eBay store here. (www.ebay.com/str/sflmavenantiquesjewelryfineart)  

SFLM has a strong management team behind it led by CEO Joseph Ladin, an entrepreneur and successful business executive who was born in Canada and raised in South Florida. He attended the University of Florida and started SFLMaven in 2003.  Mr. Ladin never imagined he’d be in the estate jewelry business. He knew nothing about gemstones, precious metals or diamonds until one day 18 years ago when he submerged himself into learning about antiques and began to sell them online. Joe studied business in college at the University of Florida and it came in handy when he launched his own storefront on Ebay. SFL Maven was formed 18 years ago and today has over $1.1 million in sales each month. Last week, Mr. Ladin returned 300 million shares of common stock to the Company’s treasury as an initial step in the Company’s newly initiated shareholder value protection campaign. 

 

To Find out the inside Scoop on SFLM Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

SFLM

 

SFLMAVEN also recently entered the booming ‘MetaVerse’ space worth $40 billion in 2021. Recently SFLM acquired virtual real estate in Decentraland™ The Company’s plot will be used to found SFLMaven’s metaverse store, which will operate as the first native dealer of high-end vintage digital jewelry NFT items for avatar use in the metaverse. 

The Company recently begun the process of accepting Bitcoin (“BTC”) for purchases of high-end vintage jewelry items both in the real world and digitally within the metaverse. The Company has also begun to diversify its cash and cash equivalents holdings to include scaling exposure to BTC as a line item in its recorded holdings of assets. Management notes that the Company is seeing unprecedented flows of cash from operations in 2022 due to increasing demand, increasing web traffic at its online store, and record participation in SFLMaven vintage jewelry auctions. The Company has also begun to implement its metaverse strategy, which promises to augment sales in 2022, further highlighting the need for alternative payment systems and a diversified process for storing and recording financial assets. 

On April 26 SFLMAVEN announced unaudited performance results for the week ended Thursday, April 21, 2022. Total Sales of $273k for seven days ended Apr 21 Apr 21 Thursday Night Auction Sales of more than 247k. The April 21 auction was highlighted by the sale of a Chopard La Strada 18k gold 16.33ct VS natural diamond cluster link necklace for approximately $12k and a heavy 14k white gold 185.60CT diamond & Fancy cut amethyst wide bracelet for just under $9,700. 

CEO Joseph Ladin stated: “Our core business performance so far in 2022 has afforded us greater strategic latitude to accomplish new goals and expand in new directions. That performance has continued in April with another stellar week that would have been one of our best ever if not for the extraordinary rate of growth we have seen so far in 2022. We look forward to further contributions in that direction from our expansion to accept Bitcoin and our upcoming Metaverse presence. In the meantime, please join us for our next Thursday Night Auction event this week. We have some remarkable pieces up for the bidding!” 

 For more on SFLM Subscribe Right Now!

Currently trading at a $1.6 million market valuation SFLM has 1,809,275,173 shares outstanding (after SFLM’s CEO Joseph Ladin returned 300 million shares of common stock to the Company’s treasury) another 315 million shares are restricted leaving a low float of 1,493,770,942 free trading shares. SFLM got hot this time last year and ran to highs of $0.02 from a start point of about $0.003. The stock dropped farther since then and level out and formed a base in the $0.0009 to $0.0012 range. Currently trending towards the top of that range, there has been a marked increase in trading volume in recent days with dollar volume moving up to several $100,000 per day, and with a significant gap to fill from current levels, growing liquidity and legions of new shareholders who see this one going way higher, a breakout could be imminent. Business could not be better for SFLM, earlier this month the Company reported March 2022 performance data, which was highlighted by 51% year over year sales growth to an annual run rate of over $14.4 million in total topline sales. During the month of March 2022, the Company managed to set new multi-decade records in total sales, product pricing, and unit sales volume as demand for high-end goods grows in an environment defined by supply shortages for precious metals, rare goods, and luxury items. We will be updating on SFLM when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with SFLM.

Sign Up now for our 100% FREE Penny Stock Newsletter

Disclosure: we hold no position in SFLM either long or short and we have not been compensated for this article

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.