SMC Entertainment Inc (PK) (SMCE) News

Credibility is a fragile commodity. Needs to earn it. Expecting another dilution round.

You also Brother Enoch

Z

In that we do agree my friend. So, in the FINRA’s eyes, we are jot even past due yet. We could wait til the end of 2025 over this. Disappointed but heey, we got confirmation now. At least we do know there wont be anything hidden or something to be concerned about from this point on about FINRA

Nice. Thanks Z for the post. Be well brother

So we're all sitting here thinking they filed for name change in July of 2024 and they actually didn't do it until Feb of 2025? Thats kind of BS! Not a good look for the management team!

SMC Announces Completion of 2023 and 2024 Year End Audits: Completion of FYNN AI Technology Consolidation; Removal of $8,358,356.16 in Future Liabilities; Shareholder Update

BOCA RATON, FL / ACCESS Newswire / April 22, 2025 / 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 the following:

Completion of audited financials for 2023 and 2024 SME Entertainment is pleased to announce our auditing team at RBSM has completed our 2-year audit. The year end financials have been filed and approved by our PCAOB auditing team. This marks a major milestone for SMC Entertainment.

Technology Platform Consolidation. SMC has completed the consolidation of all its current and legacy technologies (Fyniti, Chaintrade AI, and AI Advisor) under one technology platform called FYNN AI. FYNN AI currently has over 3000 active free users and now provides in depth research on all US equities, Canadian equities, Indian equities, Forex, and 57,000 Crypto currencies. We will continue to streamline our research product and plan to add in Australia and UK securities by June 30, 2025. The Company is working on a new business model employing a "razor and razor blade" strategy for marketing our FYNN AI platform. The research will be offered for free, and revenue will be generated on the conversion onto our FYNN AI trading platform and by licensing our platform on a white label basis to other companies.

Unwinding the Chaintrade Acquisition and The Cancellation of $8,358,356.16 in Future Liability. As reported in our March 28, 2025 8-K, on March 17, 2025, the Company filed a lawsuit (Case No. A-25-914825-C) in the District Court of Clark County Nevada, against Chaintrade, Ltd. ("Chaintrade") and the Company's wholly-owned subsidiary, FYNX, Inc. ("FYNX") related to certain representations and warranties made by Chaintrade in the Acquisition Agreement dated May 30, 2024, the closing of which occurred on July 21, 2024.

On April 18, 2025, the Nevada Court ruled in favor of SMC, and issued an Entry of Stipulation and Order for Dismissal under which the Acquisition Agreement dated May 30, 2024 was unwound and terminated, and the $8,000,000 Promissory Note issued to Chaintrade, in exchange for Chaintrade assets which were not delivered, was cancelled due to lack of consideration, which also cancelled $358,356.16 in accrued interest The parties further agreed that subject to the express terms of the Settlement Agreement dated March 7, 2025, all claims, counterclaims, crossclaims and affirmative defenses by and between the Settling Parties were dismissed with prejudice.

Updated on Our Planned Name Change and Symbol Change. On July 9, 2024, SMC filed Schedule 14C with the Securities and Exchange Commissionto disclose its plan to change its corporate name from SMC Entertainment, Inc. to "Fyntechnical Innovations Inc." and its stock trading symbol from SMCE to "FYNN". SMC is pleased to announce that it filed its corporate action with the Financial Industry Regulatory Authority ("FINRA") in February to effectuate the name and symbol change, and that SMC will continue to work with FINRA to provide all information needed to complete the corporate action process, which has not yet been approved by FINRA. In the meantime, the Company has been using and maintaining www.fyntechnical.com as its main website.

"We are pleased with the initial rollout and development of FYNN AI" stated Erik Blum CEO. "We continue to concentrate on building our foundation. Our greatest asset is the size of our community and the people interacting with FYNN. We have decided to remove the membership fee on the platform. This will allow free usage to anyone looking to expand their financial knowledge base. We continue to work to expand our AI footprint and we are in discussions with multiple defi trading platforms to find the right fit for our community. I look forward to continuing to work to increase shareholder value and execute on behalf of Fyntechnical."

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 or www.fyntechnical.com. SMC operates with two wholly owned subsidiaries, Bateau Asset Management and Fyniti Global Equities EBT Inc.

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

Fyniti Global Equities EBT Inc. is a Fintech platform developer founded by veteran Wall Street technologists and investment bankers who worked for Goldman Sachs, JP Morgan Chase, Bank of America (Merrill Lynch) and Citigroup. Fyniti has a clear focus on developing disruptive technologies in the Wealth Management and capital markets domains. Fyniti owns the IQ Engine and EBT Technology which combine to provide AI driven Quantitative investing and AI based Basket Trading platforms. For more information, visit fyniti.com.

Press Release Contact:

Erik Blum
Chief Executive Officer
SMC Entertainment, Inc.
or
Ron Hughes
Chief Operations Officer
SMC Entertainment, Inc.
ron.hughes.operations@gmail.com
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 the 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.

SOURCE: SMC Entertainment, Inc.


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https://www.otcmarkets.com/stock/SMCE/news/story?e&id=3217412

Got the #8KSpy Alert on $SMCE:



Z

Next up, FINRA name and symbol change.

SMCE $.0014, up 58%
Bombshell news!!!
https://www.otcmarkets.com/stock/SMCE/news/SMC-Announces-Completion-of-2023-and-2024-Year-End-Audits-Completion-of-FYNN-AI-Technology-Consolidation-Removal-of-8358?id=474309

Nice news 

Sure!!! Nothing at all… Attaboy

This doesn't explain anything. 

Thanks… This below was provided by the CEO. He explains the why the delays. 1 year plus


https://www.icanlaw.org/post/ican-files-application-with-sec-challenging-finra-delay

That has been my take as well. Revenue is small while debt is large. The assets are only goodwill and intangible, no cash or receivables. It really was an awful filing. 

You certainly have a high level of understanding concerning this merge and I appreciate your honesty which is very rare in ihub. Obviously your sentiment is shared by many and that accounts for the low pps of .001. Hopefully FINRA will move forward with the name/symbol change. GLTA

He is right, except he is not mentioning the growing concerns CEO, explicit, put in CAPS, for everyone to see it of what his accountants are foreseeing. They have a 8 month budget, that can cover expenses meanwhile BUT after such, they wont be capable to continue the same road at the same speed they been trying to go. We have to be careful, it is the failure of many business owners. If the business fails to make money, someone has to make the rough call. Many CEOs dont, they go raw, thinking they will make it and drag everyone with such thoughts. Brian Foote did so from HMBL!!! Dr. Koos from RGBP, same wayy!!! What about QNTA with the scorpion venom? Ceo Mickelean

All these CEOs have done the same, over and over again. Not saying Blum will do so but after all, he is a Human being, not different than us and situation is beginning to look the same as those from above.

Dont believe me? PPS is king… it is in trips
Only FINRA card can save us

It has never been a concern since CEO always protected us from such, with proof/evidence of Free dilution. However, this 10-K has all over written on it: Dilution, offering, not profitable, and on and on and on… This is, without doubt, a scary 10-K and many people dont want to realize it or dont know how to read it. I am a diamond hands dude, not going anywhere in here… Ride or die baby but I am realistic on the devil within the details shall never be overlooked… FYNN has several catalyst but it is not creating profit. I only hope he can pull off the FINRA card on top…. It is the only way to save us,

Not FINRA before his 8 month budget gone, we will wont die but we will dry, slowly

If we were at the end of the runway, he might have a point. But we are pre-revenue, pre-runway. Platform pieces JUST GOT ACQUIRED. Company took on $8M in debt to bring it together. Carrying debt pre-revenue IS BULLISH. This story is just starting. $HOOD is a $50B co. $8M nothing. pic.twitter.com/x3kN2rX7Qr— Weedspan (@AlanWeedspan) April 17, 2025

I completely understand, there is always some sort of issue with 99% of these RMs which leaves the investors holding the bag.
JMHO

Watch for the next round.
https://www.otcmarkets.com/stock/SMCE/security

I didn’t realize that dilution was a big concern here. Any evidence? JMHO

Yep ATM dujor inevitable. Retailers funding the stair steps for their prosperity's..glad I bailed in the 3s..

Thanks again for your input Fdc4 you are an asset to this board. It seems this Co is doing everything they should and that is encouraging. We need to just wait for name/symbol change. GLTA

One more thing: 10-K does NOT speak about FINRA, NOWHERE IN IT

This 10-K felt like a mean Mandingo with AIDs, not lube and without the plastic. It is raw and condescending, it kept repeating the same darn evil phrases in every single page possible, like trying to tell you: Dude, we are going to dilute and it is going to be BIBLICAL, like HMBL STYLE…

This is where many CEOs fail, the part to recognize that when a business isn't generating positive profit, revenue, it stopped to be a business, it transitioned to be an ATM, Pimp or a Gold-Digga A.K.A Chapiadora

He gotta sell the company, merge or partner with a big player. Your thoughts playas?

https://www.otcmarkets.com/filing/html?id=18371520&guid=_0h-kpbfgj3TB3h

It is legit, dont get me wrong BUT it doesn’t have nothing to do with FINRA. No connection, they dont communicate like that, specially about a specific ticker. CEO is the only one that knows the status with FINRA since they send email updates to the applicant. I got to speak a few times with a Finra agent. We are past 180 days… We are in uncharted territory, name change could happen at any time now or a year from today

10K filed
https://www.otcmarkets.com/filing/html?id=18371520&guid=_0h-kpbfgj3TB3h

Fidelity is showing SMCE still. Same name and symbol.

Thanks for the update, I thought that when the brokers listed the name change it was legit. Schwab and other brokers should not be allowed to change the name until FINRA approval. Has the name and symbol change been submitted? JMHO

That is a very BIG-HUGE AND MISLEADING FAT LIE.

$IGPK which is a Ponzi, requested name/ticker change several months ago, last year the name changed in E-Trade, then other brokers as well Schwab's… several months from the name change at the brokers, IGPK hasnt gotten any approval from FINRA at all yet.

The only one who has an idea of what really is going on, is the CEO. He has not hinted anyone because he knows he is FAR away from that approval. Anyways, this is a great company/ticker, it is just a long term hold

Finra is the deal breaker, what you are seeing on the brokers, mean squat when it comes to FINRA approval. We are not outta the woods at all

If you have Schwab the name change has already occurred so the symbol change is around the corner. JMHO

Ok Mr Pee Pants!😂

The situation got real. CEO isnt mentioning FINRA anymore…. At least we are Audited!!! Waiting has became, unbearable

Can't stand the wait either

Hello! Is this board even active anymore? No posts for like 5 days now.....

I did pee on my pants when I saw this shit at $0.001!!! WTF is going on, this is a penny stock for gosh sake. It is not supposed to be tanking over Nasdaq ordeal, that is Bs… This shit was already on the floor and I got several penny stocks rising. CEO must be diluting this time.

Probably not. No Bueno.
https://stockcharts.com/sc3/ui/?s=SMCE

Time will tell. Another ATM round?
https://www.otcmarkets.com/filing/html?id=18349478&guid=P_h-k6VdULHRB3h

Some said the name change can take a very long time, hard to say what's true. Maybe something else occurred? Glad I had a minor position so not stressed about the loss.

Still, never thought it'd go this low.

WTF?!?This thing sucks!

Just hit 99 total trades today.
100+ is in the bag. lol

Are we low enough now?
Got some at $.0012 this AM. - lol

Blah blah blah..in low, out 3s..
Don't like, mute.

Can't have funds without fun

Lol, if people want to put their money here what concern is that of yours?
Who are you saving?
Either you need to convince yourself so you type out a post because of frustration or you want cheaper shares, or you bought high and sold low.
I just don't get it. You really don't know if today's PR is fluff or not.
Pumspsters are not pumping here today.

They already added shares and need buyers to absorb. Hence the Flufferoni update today. Plenty of pie in the sky posts when it was in the 3s.
Get objective in your assessments, or chill...

Hope they don't add shares, but, I don't see any pumping on this board today.
I do see some excitement, and that's okay to post, no pumping though.

Bashing? No. Pointing out the fluff pumps and responding to the underserved criticism of my prior post. Nobody called that out eh?
Paint job closing. More shares to distribute next week.
Just the facts.

No one's pumping bro. Not anymore then your bashing. Chill bud.

Dilution needs the hypsters! Pump up the pumps!! Flufferonis for everybody!