SMC Entertainment Inc (PK) (SMCE) Quote

Chill speedy Gonzales! They entered on the acquisition at beginning of November. Read the 10Q. Do you know how long it took to put the AI acquisition in? Chuckles, geez dude, your neurotic system is like the one of a 12 years old…

Records from Down Under (ASIC) show no change in ownership or shareholding of Bateau. Looks like Genesis on repeat.

Due date: December 20th 2024 or before. Relax

The time it takes for FINRA (Financial Industry Regulatory Authority) to process a request, such as a name or ticker symbol change, can vary significantly. While the process typically ranges from 30 to 180 days, delays beyond this timeframe can occur due to various factors:

If it's taking longer than 150 days, it could point to:
Unresolved documentation issues.
Complexities in the company's corporate actions (e.g., mergers or legal disputes).
Backlogs or escalations within FINRA.

FINRA is slow as a turtle with these matters usually. I remember waiting about 6 months for a name and ticker change with another OTC stock that I hold.

When is the name change going to be approved?  Seems like a ridiculously long time to get this done!!  Are we sure they actually submitted the request? 

I’m aware of them filing for name change and how many days have past. I just don’t think that stops them from releasing updates on anything company related. I just think they prob want to wait until name change to start building a brand. Then I think they’ll pump out lots of stuff. Updating subscription numbers and such. There will most likely be more acquisitions. I am very bullish on this company and have had shares since 2021 and I have been increasing my position constantly.

SMC Entertainment, Inc. (SMCE) submitted a corporate action to FINRA on June 20, 2024, requesting a change of its corporate name to "Fyntechnical Innovations Inc." and its stock trading symbol to "FYNN."

As of November 24, 2024, approximately 157 days have passed since the submission.

I’m sure he could I don’t think that stops him from releasing anything. Going with a catchy symbol like FYNN I think he’s definitely trying to brand the company. Probably makes the most sense to wait until he can build the brand.

CEI can't release any PRs until the name is changed. 

Shorts? Hombre a grave yard has more life in it than this load of PR.

I don't understand why it keeps going lower?  Shorts?

10Q has been dropped for those questioning about the debts, etc!!!!
https://www.otcmarkets.com/filing/html?id=17984930&guid=4uY-ke82wLvrh3h

And this is an audited company as well. You and myself are 2 as well waiting for some fools in here to get eggs on their faces

You're going to be very wrong. Once the name change happens, they are going to have revenues.

You know why I know this is not a scam? They have a real product that has revenue (it will be reported) and there is no heavy dilution going on. Scammers dilute.

I can't wait to see egg on your face.

You are not reading the financials. I think if you focus on such and the PRs, you will understand more the process this company is going through

The financials look horrible. Where's the $25 million in assets?  Where's all the revenue?  $8 million in losses. What a scam 

Hombre, ya know that the gang running this show ain’t got it in their breeches to get anything done of what they say they can.

You gotta stop watching too many Mexican soap-operas man. 😂

You said the same about Chaintrader AI too. Chill

Muchacho, you sound like you been manually stimulating way too many horses. 

Haw-haw Hombre, you know that Bateau is a steamin’ pile cuz you and your gang of Snollygosters cobbled the scam together.

Alright delay will be then NT-10-Q in

https://www.otcmarkets.com/filing/html?id=17979345&guid=jsY-kHcQEEJpJth



The Company was unable to compile the necessary financial information required to prepare a complete filing. Thus, the Company would be unable to file the quarterly report in a timely manner without unreasonable effort or expense. The Company expects to file within the extension period.

Good question… I think both outcomes are balanced equally. The delay is potentially seen to be happening more then …..


Crossing fingers

Don't worry as soon as I hit the sell button this thing will take off...I'm being bogged

I wonder if we’ll get 3rd quarter filings or late filing notice.

I spoke about it and they planned to acquire such for double amount Blum got it for. We got this on a bargain. Back then was a LOI in 2023. Whale you are get worse and worse on DD over time. Very lame mate. You are sooo behind. This is not for you anymore. Go out and do something else. Get out of that basement and get some fresh air

That was an LOI from 2023. LOL
https://financialit.net/news/fund-management/gologiq-acquire-boutique-investment-manager-bateau-asset-management-providing

Over at GOLQ they claim a deal with Gammeray that Bateau is being acquired by them.

Sadly, that is true. I was only trying to rebut another post on this board that said, "$SMCE in the 8-K it stated no reverse split."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175361935

There's never any guarantees in the OTC.

I wish it was true that SMCE guaranteed there would be no reverse split. But unfortunately, the recent 8-K does not do so.

There is no specific statement in the recent 8-K prohibiting a reverse split of common shares.

I searched the entire 8-K document on Edgar and found the word "split" only once. It can be found in Exhibit C of the Acquisition Agreement which states the following: The shares of Series C Preferred Stock shall not be affected by or subject to adjustment following any change to the amount of authorized shares of Common Stock or the amount of Common Stock issued and outstanding caused by any split or consolidation of the corporation's Common Stock. https://www.sec.gov/ix?doc=/Archives/edgar/data/1497230/000165495424014018/smc_8k.htm

You have to click on this part in the link above to get to the wording quoted above: 10.1 Acquisition Agreement with Bateau Asset Management Pty, Ltd dated November 2, 2024

Correct, also it would make sense to stay away from R/S. Specially on this recent deal with common shares… This is one of the few OTC companies that I am certain R/S is far away from the table

$SMCE in the 8-K it stated no reverse split.

In 2yrs would be insane growth. Hope we see it.

For that to happen, we need to bypass the FINRA’s milestone. Once it is thing of the past: KABOOM

That sounds good! 

LCJR

To reach $1 per share in the next 12 to 24 months, it should start going up now—first to a penny, then to 5 cents, then 10 cents, and then 25 cents and then 50 cents and then $$

12-24 months is definitely a long term hold, but hopefully it starts moving soon to keep people interested. 

LCJR

It seems that way but the interesting part is the 12-24 months window as well. It seems Blum understand we should be at the dollar land within that time frame

Stuart Haley:
Stuart Haley
Managing Director
Stuart Haley is a veteran of technical business operations, with over twenty years of relevant experience in transforming and running mission-critical services. Stuart brings a wealth of international experience, having worked in a range of cultures across North America, Europe and APAC. He has held senior leadership and strategy consulting roles in a variety of organisations and sectors. Stuart has a clear focus on operational effectiveness through strong Corporate Governance and is well versed in both implementing systems and improving commercial performance. https://www.bateauam.com.au/business-management

Bateau Asset Management

https://www.bateauam.com.au/
Bateau Asset Management is a boutique investment manager founded in 2016, an Australian investment management company with an absolute-return investment philosophy and a multi-manager approach to investing.

?Bateau Asset Management focuses on its clients and on delivering consistent investment returns in-line with its stated objectives.

? https://www.bateauam.com.au/aboutBateau Asset Management’s commitment to investors includes:

prioritising risk adjusted investment returns,

a focus is on achieving absolute returns through the economic and financial market cycles,

providing regular, clear investor communications, and

being transparent in all aspects of its business https://www.bateauam.com.au/about

My mistake. Your numbers are correct.
Sorry.

So they can't convert $2 million until $SMCE trades at $1, right?

Don’t say I didn’t tell you so. I hope you have learned something from our interaction:


Under the terms of the Acquisition Agreement, the Company will purchase Bateau Equity exchange for the issuance to Bateau of 14,000,000 shares of the Company’s Series C Preferred Stock and two convertible promissory notes, each in the principal amount of $1,000,000 (the “Notes”), carrying 5% interest, which are convertible into shares of the Company’s Common Stock at $1 per share. The closing of the Acquisition is pending the completion of customary due diligence by both parties, which is expected to be completed within 10 days.

And you don’t need to be an expert in finances, just study your CEO track, moves, history behavior. That’s all you need to know what’s next

PROMISSORY NOTES

$1,000,000 Promissory Note for 24 Months issued to Stuart Haley

$1,000,000 Promissory Note for 12 Months issued to Stuart Haley

KABOOM: Comrades, check what BLUM is doing to the $2M convertible NOTES… I am adding more NEXT WEEK.

https://www.otcmarkets.com/filing/html?id=17953931&guid=g-Y-kHnONOUnChh

Today: Buy/Sell Ratio
Buy: 3,350,601Neutral: 1,876,784Sell: 873,700

Here are the final numbers for today's trading:

Buy: 2,235,122 Neutral: 29,262 Sell: 0 https://ih.advfn.com/stock-market/USOTC/smc-entertainment-pk-SMCE/trades

I dont assume or speculate like you do. I follow closely the CEOs of companies I do invest with. You don’t need to be a skyrocket student to find out from a CEO that has been avoiding for several months, shareholders being diluted, washed out as normally you see in OTCM. This guy isn’t exposing shareholder’s interest at all and every deal he does is locked in preferred shares. Now this new deal with the $2M in common, I can guarantee you, based on the trajectory of Blum, he will place such in a lock deal for a 2-3 years safety net. If he does like you have been implying, all his efforts since months ago will be flushed out in the toilet in one day. Not a thing. This is not speculation mate, I am talking to you with data and his previous fillings that display the pathway this CEO has been taking. It is called business analytics

You are free to check his previous fillings as well. If you know how to read them, you will agree that it is nonsense to release those $2M at current price range. He would automatically destroy himself on this. Also, he hasn’t increased his OS/AS for this Billion of shares you are talking about. Can’t wait for the next filling

You presume, assume and speculate, without specifics on the details. Haven't seen a convertible yet that didn't result in a massive dilution pollution. The action since the news is quite telling here. Time will tell when but trips are inevitable..