Smoky Market Foods, Inc. (fka SMKY)

[Bucks4Buckeyes]

Look, we all know that speculation drives the market for stocks - ANY stock. Because I averaged down considerably during the summer, I am happy to see new buyers coming in - regardless of their personal strategy for making money...as long as they are not using P&D tactics and disseminating intentionally false information.

I don't expect someone who saw SMKY on the 'wires' to have read every filing (now, I think they SHOULD, but that's just what I try to do so I try not to be surprised). With the small float we're going to see some volatile swings in PPS - both GOOD (higher) and BAD (lower) until something substantial happens which creates a higher floor for the PPS, i.e. funding.

This can still get into the "teens" before any substantial news, which is anticipated and certainly not guaranteed.

Again, the SS from filings:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8168980

As of September 30, 2011, the registrant had 103,725,361 shares of common stock outstanding.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8546895

As of March 31, 2012, the registrant had 104,321,861 common shares outstanding.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8631196

As of May 10, 2012, the registrant had 106,706,122 shares of common stock

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8776329

As of August 13, 2012, the registrant had 108,292,789 shares of common stock outstanding.

Just for the record, here is the SS from the TA as of TODAY:

A/S 200,000,000
O/S 112,680,253
R/S 71,606,685

The O/S count has increased 8,954,892 in around a year due mostly to Asher financing. That is 8.3% dilution in a year. The problem is, so many shares have been held for many years by original seed investors and more shares have been scooped up by longs posting that they will be holding for a much higher price...the PPS has reacted as though the float has doubled.

1. Asher Financing Toxic? YES
2. Asher Financing Welcome? NO
3. Asher Financing a Huge Dilution - as seen in penny scams? NO

Of course, #3 needs to stop. Hopefully it will with financing news. If not, the slippery slope gets "slipperyier." I'm playing the long odds on this one that Eddie gets it done. If not, I know clearly what I am up against. Everyone here should know, as well.

As always, JMO.

All The Best