DD Support Board and Research Team

[nodummy]

SEFE - I looked at it back on April 3rd

According to the April 3rd spam for SEFE

http://www.stocksdigest.com/stock-report/sefe/

Speed Evolution Ltd paid $2,274,560 for the promotion and has 2,700,000 shares to sell during the paid promotion.


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Here is the original agreement from May of 2011 for the $70,000 debt Note which ended up being converted into the 2,700,000 shares now held by Speed Evolution Ltd

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7800058

Originally the debt Note was issued to Westpac Communications, Inc

Westpac Communications, Inc is controlled by Harold Sciotto

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=GNQvA6DtpajPqcZ3NfOUxg%253d%253d&nt7=0

Sciotto/Westpac Communications Inc also got a $100,000 debt Note

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7739859

According to this 8K Sciotto stopped being a non-related 3rd party and became a director of SEFE in June of 2011:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8005498

On June 20, the Registrant appointed Mr. Harold W. Sciotto as a director to fill a vacancy on its Board of Directors. Mr. Sciotto was employed by Sears Roebuck & Company, from June 1964 until his retirement in May 1993, in various sales and management positions. These positions encompassed sotre sales and department management positions, such as store merchandise manager, district business manager, and store manager of three stores in Arizona. His duties included sales, advertising, personnel management, financial statement preparation and accounting. From 1989 through the present, Mr. Sciotto has also been an independent business consultant to various early-stage business ventures. Mr. Sciotto most recently served as Corporate Secretary and Treasurer of ECOtality, Inc. (NASD: ECTY) from December of 2004 until November of 2010, and as a Director of ECOtality from December of 2004 until October of 2009.



Guess we know now why he transferred his shares from Westpac Communications to Speed Evolution (a foreign entity)


I'm pretty sure Harold Sciotto is the person that lives at SEFE corporate address of

* 6821 East Thomas Road
* Scottsdale, AZ 85257


Because Sciotto's other entity - ECOtatilty Inc (ECTY) also used to use that address


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Going through the recently filed 10k shows us that there are much more than just 2,700,000 free trading shares recently issued for debt at just pennies/share


On June 25, 2010, the Company entered into a Bridge Loan Agreement, whereby the Company borrowed $120,000 from a related party entity. Accrued interest expense through December 31, 2011 in relation to this note is $18,214. Subsequent to December 31, 2011, the holders converted the principal amount of the notes into 3,661,016 shares of common stock of the Company and all interest accrued has been forgiven. - that works out to $.03775/share with the interest included

3,661,016 shares sold at $1.00/share would bring a nice $3.5 million + in profits on that debt.

On June 25, 2010, the Company entered into a Bridge Loan Agreement, whereby the Company borrowed $145,000 from a non-related entity. Accrued interest expense through December 31, 2011 in relation to this note is $22,008. ubsequent to December 31, 2011, the holders converted the principal amount of the notes into 4,423,728 shares of common stock of the Company and all interest accrued has been forgiven. - that works out to $.0379/share with the interest included

4,423,728 shares sold at $1.00/share would bring a nice $4.25 million + in profits on that debt

Pursuant to the July 16, 2010 Intellectual Property Assignment Agreement, the Company assumed liabilities totaling $250,000 in the form of convertible notes payable, due equitably to two holders, one of which is a related party entity. The notes are due and payable in full on May 5, 2011. The notes bear an interest rate of 5% per annum. During the year ended December 31, 2010, the lender sold the promissory note to four individuals. As of December 31, 2011, the balance owed on this loan is $250,000. As of December 31, 2011, the loan is in default. Accrued interest expense through December 31, 2011 in relation to these notes is $20,719. The notes are convertible by the holders into shares of the Company’s common stock at a rate of $0.50 per share. Subsequent to December 31, 2011, the holders converted the principal amount of the notes into 7,627,118 shares of common stock of the Company and all interest accrued has been forgiven. - that works out to $.0355/share with the interest included

7,627,118 shares sold at $1.00/share would bring a nice $7.35 million + in profits on that debt

On November 2, 2010, the Company entered into a Bridge Loan Agreement, whereby the Company borrowed $50,000 from a related party entity. Accrued interest expense through September 30, 2011 in relation to this note is $5,808. Subsequent to December 31, 2011, the holder converted the principal amount of the note into 1,525,424 shares of common stock of the Company and all interest accrued has been forgiven. - that works out to $.0366/share with the interest included

1,525,424 shares sold at $1.00/share would bring a nice $1.45 million + in profits on that debt

On March 11, 2011, the Company entered into a Convertible Debenture Agreement, whereby the Company borrowed $70,000 from a third party entity. During the year ended December 31, 2011, a total of $28,194 has been amortized and recorded as interest expense. Subsequent to December 31, 2011, the holder converted the principal amount of the note into 2,700,000 shares of common stock of the Company and all interest accrued has been forgiven. - that works out to $.026/share without interest included

2,700,000 shares sold at $1.00/share would bring a nice $2.6 million + in profits on that debt

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All total that is over 19,937,286 shares issued since December 31, 2011 for $635,000 in debts.

19,937,286 shares sold at $1.00/share will bring in a nice $18.3+ million in profits

Plenty of reason for somebody to pay $2.27 mill on a promotion

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A promotion that touts a $6.06/share target price and potentially billions in revenues

Amazing predictions for a company with only $61,000 in cash and intellectual property valued at under $100,000 and only $464 in revenues in its entire 7 years of existence (not a penny in the past 2 years)


Actually according to this 8K the intellectual property was worth less than nothing

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7678934

"On July 19, 2010, the Registrant entered into an Intellectual Property Assignment Agreement (“Assignment”) by and between SEFE, Inc., a Delaware corporation (“SEFE” or “Assignor”), the Registrant and Ms. Helen C. Cary, the majority shareholder of the Registrant’s issued and outstanding common stock on the date of the Assignment. As of the date of the Assignment, the transaction involved a negligible value, did not result in the Registrant acquiring any significant assets or any revenue"


So insiders gave up 30,000,000 shares for worthless intellectual property and took on over $250,000 in debts at the same time - probably explains why insiders bought the SEFE Inc shell from themselves



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The IR for SEFE (somebody named Justin Ackerman) spilled the beans that the company is directly involved with paid promotion in a response to a curious investor

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=122437&tid=251&mid=251&tof=12&frt=2

EMAIL CONVO "Units only coming 1st Quarter 2013". Here is an email conversation from Justin@SEFE, see below.


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Thank you for your interest in SEFE. Currently we are still in the R&D phase of our business model, with plans to have commercialized units working and profitable by the first quarter of 2013. For the last four years our primary focus has been on protecting our technology through patents and intellectual property.

I am unsure how long our promotion funds will last, however we have just begun.

I hope i was helpful.

Justin Ackerman
Investor Relations
Ph# [phone]
Fax#[phone]
[e-mail]


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-----Original Message-----
From: "XXX XXXXX" <[e-mail]>
Sent: Wednesday, April 11, 2012 12:13pm
To: "[e-mail]" <[e-mail]>
Subject: SEFE - Investment Inquiry

I've read all about SEFE in the recent publications and newsletters. It sounds like an interesting idea. But how come the company is not making any money or selling the service yet? I see that SEFE has a history dating back to 2008 already and yet still no successful business yet. How come there are no revenues and cash flow yet?
Also, do you happen to know when the paid promotion will end?
Thanks,
Jay

This isn't a dirty penny stock that the regulators pay very little mind to. This is a fully reporting OTCBB stock. I find it hard to believe that a promotion like this would be allowed to fly.