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SMC ENTERTAINMENT INC.
SYMBOL: SMCE
Last Price: .0014 | Website | SEC Filings | Latest News
Today we're going to be short and sweet as we resume the Hunt for the Next 1,000% Gainer!
Diamonds in the rough are usually hard to find. Essentially they are needles in a haystack,
Puns aside, This is simply the best way to describe Today's New Alert!
With INSANELY Low Sub-Penny prices, a LOW FLOAT of just 265 MIL Shares (the equivalent of a mere $371k at the current price!), and criminally OVERLOOKED News regarding it's majority-owned subsidiary's MASSIVE Revenues --- this is simply the type of stock that can't stay hidden for much longer!
Basically, Wall Street is about to be SHOCKED!
WE ARE ISSUING AN IMMEDIATE ALERT ON SMCE!
So lets get right to it...
SMCE is essentially a FinTech holding company that was recently acquired by Genesis Financial Inc. in November 2021.
According to their description, Genesis Financial has 23 employees under its purview along with 120 financial consultants, advisors, and representatives, operates its business through two Australian regulated entities in wealth management, tax and accounting advisory services.
 
The two operating subsidiaries are Ballast Accounting and The Financial Link Group/Next Gen Financial Group.
Ballast appears to be offering Wealth Management services, financial planning, and accounting services while Next Gen appears to do similar with a focus on Fintech solutions, financial planning software, personal insurance, home loans, and more. [See SERVICES here]
The combined group is taking advantage of a surging Australian Wealth Management industry that has over 25,000 financial advisors managing 2.2 million investors.
Believe it or not, the annual fees generated by the Wealth Management industry is close to $3.9 billion!!
THE OPPORTUNITY: According to AITE (2020) at least 10 million adults are underserved or not served at all by the Australian Financial Advisors. SMCE and Genesis has firmly positioned itself to acquire and consolidate to expand in Australia's fragmented Independent Dealer Group business sector.
Now who would have guessed that this little SUB-PENNY Stock priced UNDER .002 represents a company that generated OVER $10 MILLION in it's last 6 month reported period!!!
We'll let the news speak for itself....
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SMC/Genesis Posts Second Quarter 2022 Financial Statements Six Months 2022 Revenues of $10.7 Million and Gross Profit of $2.2 Million
Charleston, SC, Aug. 23, 2022 -- SMC Entertainment, Inc. and its majority-owned subsidiary, Genesis Financial, Inc. (“Genesis”) – a rapidly growing integrated financial technology company (“Fintech”) with a full suite of digital financial services solutions, are pleased to announce the filing of second quarter ending June 30, 2022 financial statements.
Highlights of the Company’s consolidate unaudited six months of 2022 financial performance:
Revenues for 6-month period $10,706,514
Cost of revenues for 6-month period $8,492,626
Gross profit for 6-month period $2,213,888
Cash on hand as at June 30, 2022 was $518,631
Accounts receivable as at June 30, 2022 was $628,821
Erik Blum, the Company’s President, expounded: “Our first half of 2022 financial performance reflect our relentless efforts to grow the business organically. We continue to execute our business plan on a number of fronts that will include acquisitions in Australia and the United States. We look forward to the second half of 2022.”
“The Company is working diligently to complete its audited financial statements for fiscal years 2020 and 2021. Upon completion, we will file required documentation with the SEC to attain reporting issuer status. In tandem, the Company will initiate corporate actions to change its name and trading symbol to reflect its Fintech-based business plan.”
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As we said, talk about a diamond in the rough!!
Needless to say, though still unaudited, this is some SERIOUS chedder for a company trading a MERE .0014!
And with a Low-Float, once this news gets more eyes on the Street - it could be off to the races here!
WHAT TO LOOK FORWARD TO WITH SMCE
As highlighted in the press release above, the company is in GROWTH mode and will be looking for New Acquisition Opportunities in both the land down under and the USA!
In addition, we found this little piece of news on their website regarding plans to UPLIST to the NASDAQ Exchange...
The combined SMCE Group plans to list on the Nasdaq and represents a comprehensive range of financial planning, mortgage broking, accounting and taxation advice and solutions for investors and small-to-medium businesses.
THE BOTTOM LINE
Today's Alert is all about MOMENTUM. Both for the stock AND the company.
This bit of news was severely OVERLOOKED for MONTHS.
Can you imagine a company with Revenues this large trading at such rock-bottom SUB-PENNY Prices?!?
As we said, with a Low Float, once the Street gets eyes on this -- it cold move LIGHTNING FAST.
Make sure you put SMCE on your screen RIGHT NOW and Follow on Twitter for all the Updates + Play-by-Play!
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