SMC Entertainment Inc (PK) (SMCE) Noticias

Well, look at that! Two t-trades completed right after the closing bell!
Time Price Size Type B/S
16:00:13 0.0024 9,100 form t Buy
16:00:05 0.0021 100 form t Buy Something up?
https://ih.advfn.com/stock-market/USOTC/smc-entertainment-pk-SMCE/trades

AGREEED !!!!!!!! SMCE !!!! THIN !!!!

You are right!

Going up

Why is it not moving up? Are we still waiting for something?

Right! This POS can't even hold 16. Geezzzzzz!!

I just added 1mill 15's!!!

.0021 break coming 

SMCE big bsss out adding .0016 

SMC Entertainment Closes Acquisition of Boutique Investment Manager, Bateau Asset Management, Providing Entry to Australian and Southeast Asian Financial Services Markets

Bateau Asset Management brings to SMC Entertainment:

Foundational acquisition into International Financial Services Sector
Well-established client base of high-net-worth individuals
Experienced global client services team based in Australia and Singapore
Research and advisory capabilities complementary to SMC Entertainment’s Fintech platform

BOCA RATON, Fla., Jan. 08, 2025 (GLOBE NEWSWIRE) -- SMC Entertainment, Inc. ("SMC" or the "Company") (OTC PINK: SMCE), a Fintech incubator company focused on acquisition and support of commercialized financial services and technology (Fintech) companies, is pleased to announce that it has closed the Acquisition Agreement to acquire a 100% interest in Australia-based Bateau Asset Management, a boutique investment manager (“Bateau”). The acquisition will provide SMC with an initial presence in the Southeast Asia Fintech market.

Since 2016, Bateau has offered an absolute-return investment philosophy delivered by a multi-manager approach to investing. Services include investment research and education with the objective of providing clients with rigorously constructed absolute return portfolios that they can understand.

As further detailed in the Company’s Current Report on Form 8-K filed with the SEC, under the terms of the Acquisition Agreement, SMC has acquired 100% of Bateau in exchange for the issuance of 14,000,000 shares of Series C Preferred Stock and $2,000,000 in convertible promissory notes.

About Bateau Asset Management:
Bateau Asset Management is a boutique investment manager founded in 2016 based in Australia with offices in Singapore. Bateau follows an absolute-return investment philosophy and a multi-manager approach to investing. To learn more, go to www.bateauam.com.au.

About SMC Entertainment, Inc.:
SMC is a versatile holding company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies. SMC's multi-discipline growth by acquisition approach is to enhance revenues and shareholder equity. For more information on SMC, visit www.smceinc.com.

Press Release Contact:

Erik Blum
Chief Executive Officer
SMC Entertainment, Inc.
360-820-5973

Safe Harbor Statement

Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by any third-party. Therefore, in no case whatsoever will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages.
https://www.globenewswire.com/newsroom/ti?nf=OTMyODE2NyM2NjgzMzQ2IzUwMDEyNjMwMA==
https://ml.globenewswire.com/media/MjlhOThjZTUtNzg4Ni00ZGZhLWI2MzItMjFkZjBhNWYwMTY3LTUwMDEyNjMwMA==/tiny/SMC-Entertainment-Inc-.png

Source: SMC Entertainment Inc.

© 2025 GlobeNewswire, Inc.
https://www.otcmarkets.com/stock/SMCE/news/story?e&id=3096138

Will this go up from onwards?

News released. Acquisition completed. Congrats!

https://x.com/alanweedspan/status/1876741537050046838?s=46&t=JnPz7siHKKfWu17rtV2wAg

2025 is our year. Still worried, friend?

This company does things the right way, not fluff messages on Twitter.

On January 8, 2025, the Company issued a press release announcing that the Company closed the Acquisition Agreement with Bateau Asset Management Pty, Ltd (“Bateau”) to purchase 100% of the outstanding ordinary shares of Bateau.

In accordance with General Instruction B.2 of Form 8-K, the information set forth herein and in Exhibit 99.1 hereto are deemed to be “furnished” and shall not be deemed to be “filed” for purposes of the Exchange Act. The information set forth in Item 7.01 of this Current Report on Form 8-K shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

On January 8, 2025, the Company issued a press release announcing that the Company closed the Acquisition Agreement with Bateau Asset Management Pty, Ltd (“Bateau”) to purchase 100% of the outstanding ordinary shares of Bateau.

In accordance with General Instruction B.2 of Form 8-K, the information set forth herein and in Exhibit 99.1 hereto are deemed to be “furnished” and shall not be deemed to be “filed” for purposes of the Exchange Act. The information set forth in Item 7.01 of this Current Report on Form 8-K shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

Yep. Fomo momo on roids..

The Notes and the Series C Preferred Stock are both convertible into shares of the Company’s Common Stock at $1 per share.

Completed acquisition news should be released tomorrow. 8k filing submitted.

https://www.otcmarkets.com/filing/html?id=18093947&guid=Gz0-kpJ1ts7fJth

No issues. Standard move on. Congrats on the closing corporate!!
On January 6, 2025, Xuqiang (Adam) Yang resigned from his position as Chief Financial Officer. His resignation was not due to any disagreement between Mr. Yang and the Company. His departure was not related to the operations, policies or practices of the Company or any issues regarding accounting policies or practices.

Glad to see the acquisition closed, but CFO resignation effective yesterday isn't ideal unless this has been known for a while and they have someone else in place. Looks like there will be a press release tomorrow per the filing.

It is normal behavior if there is news on the horizon. A quiet period is not always a bad thing.

Your concerns have some merit fwiw.
There may be a silent period in play given the filing procedures. But their has been no dillutions.

https://www.otcmarkets.com/stock/SMCE/disclosure

I hate to say it but at this point I have to disagree with you. I have a bad feeling . The fact that we've heard zero from the CEO in two months is very concerning. Can we at least get a pulse check on the guy to make sure he's still alive? Most CEOs of lesser known companies would at least put out a generic "Happy New Year, looking forward to a great year ahead" type of note on X. Blum himself said that 2025 would be a milestone year for the company, so why not provide some optimism if they still believe that to be the case. Complete silence for too long usually indicates there is an issue, especially when it comes to OTC companies. I know people will defend his silence, and of course you have a right to do that, but you are in denial if you think this is normal behavior for a company that supposedly has so many good catalysts ahead. I desperately want to be wrong here, but something isn't sitting right.

2025 is our year. I've got a good feeling.

Any news about revenues from either Bateau Asset Management or Chaintrade.ai and this stock will rise dramatically.

SOON!

One step back, two steps forward. Anytime now..

Selling early in the day. Buying later in the day.
I like that trend!

https://ih.advfn.com/stock-market/USOTC/smc-entertainment-pk-SMCE/trades

Any day now. Charts are poised for major break out!

Waiting for name change. I am wondering why is it taking too long?

Cheap dips before the rip!!

Let's go!!
https://stockcharts.com/sc3/ui/?s=SMCE

The only website that you will see out there showing any signs that CEO is really trying or securing the company new name and ticker from being taken is the Nevada Gov site and SEC.gov. FINRA does not provide any sign of such in their site until it is done.


Yes: CEO receives periodically, emails updates from FINRA about things that are needed and status updates of the application. If there is a delay, CEO knows such by now, for sure.

Again, FINRA has a time frame, on normal cases, by the book of up to 180 days BUT every case is unique. The fact it takes longer than 180 it should not be seen as a delay, remember, FYNN is a very complex company, due to the international assets. This will force FINRA agents to take longer than expected. I am so happy with my holdings. Easy money made in here. Just wait and let the universe takes over

I believe the CEO might have received a notification from FINRA regarding the delay. Also, is there a website that shows if the CEO has applied for a name change?

I don’t think they purposely do something; they got a format to follow with each company. They definitely have their agenda, trust me, it doesn’t match with ours. Every case is unique with FINRA and I believe this recent acquisition made by Mr. Blum delayed or complicated things with FINRA a little bit. I am suspecting that due to such, more paperwork was asked… Note: I am just speculating…. I am not certain on this vaguely response of mine

Is FINRA purposely delaying? 

Correct that AI is amazing. I did the free trial as well. About FINRA, I hate FINRA with passion. I hope Elon DOGE’s Plague fall on them as well LMAO. FINRA shall be reprimanded

I don't disagree with you, probably just getting anxious for what's to come. I did do the free trial of Chaintrade.AI Market Intelligence and thought that it looked and way more legit than anything I've ever seen any OTCM company put out. The majority of these companies don't even have a working product or revenue stream, so this alone gives me confidence. And that did not even include the trading and token swap feature yet. If the technology ends up doing what Blum sys it will (most notably the ability to swap crypto with stocks), then this should garner interest from major financial firms in a hurry. Hoping we can get something from FINRA by end of year, or if not sometime in January. Happy to see that there appears to be decent enough support right now in the .0011-.0015 range. Buying in this range has allowed me to add several millions of shares in the past few months, I plan to hold well into 2025 at least.

I totally sympathize with your candor. However, this is not NASDAQ or NYSE market, where a CEO is into the obligation to update their shareholders on quarterly or monthly basis. OTCM isn’t cut like that, CEO can spend years without a PR or CC and he is Not going to be held responsible on nothing. Mr. Blum is a man of focus and character. He is the type that don’t care what you may or not feel or think about him. I have studied this man for ages, he is straightforward and if there is nothing to say, he won’t waste his time on Bs. If there’s something to say, however, unless he gets the time to make a PR, he still won’t say anything to us and mostly he will wait until he got more goodies aligned. His silence isn’t a sign that something is wrong; I would rather him stay this quiet than giving signs of life. If something goes wrong, he will come immediately and be transparent with everyone. So, I said it, we are in good shape. Also Chaintrader EX-CEO is being paid for a year, to foresee system problems and any unexpected issues or make sure all works accordingly. I am happy with long hold and about FINRA, nobody is above them, Mr. Blum is another costumer waiting to be approved on the line. Not shortcuts with FINRA

Correct… We are on uncharted territories now. Anything can happen. I only hope Mr. Bum give us a Merry Christmas and happy New year like we deserve, right before December 31st

Getting no communication from the company in the month of December before end of year would be surprising and un-acceptable. This IMO would raise some red flags if we don't hear anything this month. As someone who has manage to accumulate an eight figure number of shares, I think we as investors have a right to know that things are still on track heading into the new year. The whole FINRA thing is still a little confusing to me in terms of timeline, but Mr. Blum should realize that investors have been patiently waiting on this for over six months and are expecting this to be approved imminently, so if he has reason to believe that this will get delayed further, we as investors have the right to know. I still believe in this company unless we hear a reason not to, but maintaining investor confidence before the new year should be a priority.

$SMCE filed its name change request with FINRA on June 20, 2024, and such corporate actions typically take 30 to 180 days for review and approval. As of today, it has been over six months (approx. 188 days) since the filing.

Merry Christmas comrades. Standing like a rock with SMCE!!! Enjoy the holidays

By the time you wait for confirmation, you potentially set yourself up to buy at the top of cliff… That’s the catch with OTCM, you must gamble on the before of events happen in order to be on the right side of the waves. That only comes by doing good DD. GLTY

I do know what I own, I am not here for the penny. FYNN is my early retirement plan. Mr. Blum knows exactly what he is doing and building… It is beautiful

Experienced OTC traders know almost anything is possible.
That's what makes it so much "fun". lol

Still cautiously bullish here.

One good PR, this can run to penny land.

Float is very tight.

All bullshit speculation. Never bet on anything on the OTC unless verified by factual information.

Read my disclaimer.

Sounds good.

If the company executes, yes. We are entering peak OTC trading season. A name change announcement coming at the right time could get us to .02. Show some revenues, we can get to .05.

All this depends on execution. This appears to be a serious company with big players behind it. The silence from the company doesn't bother me at all. The CEO has shown he knows how to release news appropriately. I suspect he's lining up a series of PR's once the name change is announced. 

Until then, the wait continues.

Looks good

It can easily hit 5 cents and 10 cents.