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Hello Multivalue. Do I know you?
At least Q2 ended and if my recollection is correct, by Mid-August or whenever the deadline is, we should see audited financials for Q2?
What a shame 'Obidens_basement', Only 10 likes - 9 plus mine
Many talk about unrestricted shares being dumped. We know the only two non retail that had them. One is either out, or close, OR holding. The other is the old note holder and he is restricted in how many per day.
The volumes are relatively low so YAA, price fluctuations will be higher and YES, MMs often have no rules or standards for their pricing and YES, Im sure there are ALWAYS retail investors that MOVE ON ; ) . There is no argument that this needs to get noticed. If "supposedly" 700 social media followers got off their lazy arshes and posted a few times a day... who knows!!
BUT its still competeting with a thousand other decimated OTCs clamoring for recognition as well. MANY "other" stocks having VERY ACTIVE and motivated followers.
Please, respond and tell me what I'm missing from this general following statement.. AGAIN... Doesnt matter if the Devil himself is selling all his "insider" shares, as long as there is no new serious adding of shares(dilution)....the companys PE & PS to MC ratios means its SERIOUSLY undervalued by all CREDIBLE financial standards!!! Non retail dumping is a convenient excuse for current trading.. but no one has any proof that I've seen.
Some say it has a value of $5M....ok.....I "think" its worth... $20B...except on Tuesdays and Fridays when its worth $1,567.35....what, you're not taking MY word for it?!!!
In the last few weeks they have started putting out a little more concrete info including that interview with a new Epiphany manger/owner.
You all notice the nice 750K buy today? In the next 2 days, The Sharp flagship reverse merger will find out it's new owner. Got my initial investment out in this recent run. Whats left, protected with TSL, should Garner no less than 250% return.....or.. truly is a lottery ticket. Either way looking to put part of that in here soon. Anybody else want to commit?
P.S "all those shares given away," other than jeths and officers, add up to a MASSIVE 5.7M shares....some of those as equity for recent acqusitions....OR...a mind boggling give away of. 0.4% of all shares...how generous...geezzzz!!!
It really was unbelievable all the shares they gave out, kinda serves them right as to what’s happening now, but at the same time hurting us long timers.
How long will that go on?
Exactly the same thing that has been happening to me. Several buys over the past few months and most bought at lower price than bid.
Someone who has unrestricted shares when SFIO gave out millions of shares to everyone including the paper boy is selling every day
I just bought small amount of shares at .0142 to counter the 100 shs at .013 and they sold to me for less - pr--ks
Serious?!? LOI to buy a Mexican Toy Company. That is what they do with Share Selling Scheme Money? Same people adding more overpriced shares to their portfolio to prop this scheme up. Should be a Market Cap between $2 and $5 million. Thanks to posts like this one the MMs feel compelled to prop this up. They play the see if we can get these Raptor Traders to buy FOMO on a fake run up... HAHAHAHAHAHAHAHAHAHAHAHAHAHAA! Buy this and wait forever to take a loss or take a loss immediately.
This Fake Ponzi Scheme is still above a Penny. 22 Days and counting from June 10
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$SFIO
Archie Bunker would be saying…”whoopty doo! whoopty doo!”
Many of us have been saying the same thing but it obviously just doesn't register with everybody. Personally, Other than a few free shares in some old OTC companies, My exposure to that market is down to 3 companies. My 2nd largest holding, which has now become my 1st largest holding, Is sharp's flagship reverse merger. I've held that for over a year (with stop losses in place, figured to play the hype if nothing else) And it has currently run over a 100% in the last 3 days. From my average Of my majority buys back then, I'm now up closing on 350%. If I add that to my "paper losses" with SFIO(averaged down to under 2), My total OTC returns will still be ~175% for the year. Given most OTC's have lost 80%, I'd say that's not doing too bad.
I guess the point is, If you have been relying on this one stock for a significant portion of your portfolio, well, I guess I understand why there's some Frustration. But I believe you and many have stated many times, OTC is really only for disposable Play money. I get upset when I see management or companies doing things I don't think it's prudent..... But ultimately, Not having a significant reliance on a single stock, Reduces the emotional reaction to anything that goes on with them.
For those that think That S FIO has had abnormally more "dumping" or has has a worse price per share Percentage then most other otc... I Made this little year to date comparison graph.
And I will state it again, Doesn't matter How many shares are being dumped or if it's satan himself is dumping them... As long as it's only shares that are currently Registered and authorized. When you see the OS Amount Increase by 50% or more, Then you can start expressing reasonable concerns.
P.S. that 150K shares this morning in 2 batches was me... Just to show my faith
I noticed that also chaos right in the middle of the session...somebody bought that MILLION also...none of this really matters at this point we're all talking about a security that cost less than 2cents. " ...if you want my two cents worth..." this one is still what I said months ago... a buy and HOLD...nothing more not a quick flip...I honestly believe this isn't going anywhere for quite some time
Let me guess another day of dumping today? Great news on Wednesday unti someone dumped over a million shares that crushed SFIO.
I would love for you to be 100% right on SFIO.
I have been married to SFIO since 2011. Don’t have to say much about the history. I remember in 2008-2009?…a company, the ticker JAZZ (look them up) was a penny stock. Today, that same ticker is trading at $150 something a share. I missed the boat on that when I sold it for $3 bucks. So I agree with you 100% with what you said. I said this before, this would be amazing if SFIO would be trading between .50-1.00.
Investors have just gotten used in the last couple years to the idea that idea that all OTC triples in 6 months. This isn't by far my 1st stubborn OTC. And I'm sure many here have stories of the stock they waited and waited and waited on, Sold out, Just to have it run a week later.
An overseas company with no audited financials Has a greater bar to pass than most. If they do have the continued revenue and continued profit margin.... It will eventually be noticed. I waited almost 2 and a 1/2 years for eBay to come around.
I express concern on their Twitter site about over Expanding. If their recent acquisitions are profitable, That ultimately That will reflect in the share price. For me it's just A risk with losing money.
Lol, I have to laugh because it’s always the case with SFIO after the good news is released. I personally have not seen something like this on otc or the other markets, where a company releases good news, and people start trading it down wards. Astonishing.
https://www.globenewswire.com/news-release/2022/06/29/2471376/0/en/Starfleet-Innotech-Signs-LOI-to-Acquire-PPM-Toys.html?fbclid=IwAR2g9o5syt1Rqom89y2HX0YGv5QV59V8k-mmMLZMzIBhCg659pwHjPb7wrQ
https://ppmtoys-com-mx.translate.goog/?_x_tr_sch=http&_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc&fbclid=IwAR2EbtcbUhHvWqIh4vEmQJgqOY7elhKFkf0E1NjrTBtYlRp-WxMGUTbuUZ0
$SFIO
Good news turns into an ongoing dumping. What else is new with SFIO?
Very few winners in pinky land . Once in awhile you might find one or two for a quick flip.
No new Money coming into this. It's the same sources throwing Good Money in to try and rescue/churn the lost money. Doesn't seem like a good formula for Success. Moved onto Winners! But still love checking in here....
The restrictions on how much can be sold within a time frame will remain. It’s only the inability to sell the shares that changes. Shares sold will be restricted in amount that can be sold for anybody that gets shares from preferred shares in the future through acquisitions or purchases directly from the company or those currently with restricted shares that will be moving to the preferred shares and off the OS share count.
The problem starts when all the restrictions come off and those people/companies start selling - The SP is going to go down like a cold beer in the summertime - very quickly
I think we are thinking too much into future. These preferred shares will be used for acquisitions and onboard new officers. It doesn't mean that it will happen in 12 months. As of now, 300M common shares will be converted to 30M preferred shares. There are companies with millions of preferred shares which can be converted to billions of shares, it doesn't mean that all of them will be used. It just gives more flexibility for the company to bring long term partners onboard.
Archie Bunker would be saying…”whoopty doo! whoopty doo!”
From June 10th to June 28 = 18 Days and still above a penny. Looks like it might be heading to 2 cents, JMO.
SFIO
Starfleet Innotech Inc (PK)
0.0166
0.0006 (3.75%)
$SFIO
I do truly wish I could agree with you about the number of shares but To me it looks like it clearly States that 310 M preferred B shares will be created. I would love to be wrong. I would like more clarification but they stated at the beginning of that paragraph.
“With this approval from NVSOS, these new authorizations will allow us to pursue more strategic acquisitions, as well as onboard new officers and key partners,”
That sounds like some or all of these shares will be created and held in order to be given to NEW (more) "key partners". Some of these might go to existing officers and partners, BUT they state these are coming from existing key partners and officers common shares.
Heres the thing!!! The 2 highest officers have a 100 million shares and Jethes has a 185 million common shares. Even if they converted all of theirs that would be 25 million shares short. I doubt seriously The 2 main officers will be asked to give up any of their measley shares. And I doubt Jethes will give up a significant portion of his common shares...... So who does that leave?
Key Partners!!!
If correct, That means Hatati or Bounce will be giving up some or a fair portion of their common shares. If most of these are being created to help with new partners et cetera That means they won't be going(at least not all) to "Existing players".
This may be a way of getting Hatadi more out of the picture And possibly some deal from the beginning To reduce his total ownership.
Even if Hatati and Bounce get some of the preferred shares, not only with the moratorium, But the fact that S FIO has 1st refusal on getting them back and and what they say is other restrictions...... That means Hatati is agreed to keep some skin in the game for a longer period of time. ( Hopefully with less total is total ownership)
One of these options is better than the other but I see both of them as has actually better than the option of toxic lending or massive common share dilusion.
As I said before, Other classes of preferred shares are usually held to maintain control and hedge against buy or takeovers and are rarely converted. Usually, only in the case of a complete company buy out. If they are convertible to 3B, That would require raising the AS And given that they just reduced it, It doesn't make sense that there planning on the opposite extreme anytime soon.
Anybody else want to ask him for clarification, Please be my guest... Always good to have more than one Investor responding.
That's not what PR says. PR clearly says that 300M common shares will be converted to preferred B shares (preferred B share has 1 to 10 conversion ratio. That means 300M shares will be converted to 30M preferred B shares). These shares will carry at least a 12-month moratorium on sales, further restrictions on sales and an opportunity for conversion to common shares beyond the moratorium, as well as a right of first refusal for the company to repurchase offered shares.
Everyone can't wait to see 2qtr unaudited reports of the Kool Aid Sales. Everyone betting this is YUUUUUUUUUUUUUUUGGGGGE!!!! Let's talk about Mar of 2021 share price....
From Jun 10 to June 27, (17 Days) and still above a penny. Didn't drop below a penny in 17 Days.
$ SFIO 0.016
0.00065 (4.2%) and Green Today.
$SFIO
These are Class B preferred shares mostly for officers and long term partners/buyouts. These are held against buyouts, takeovers and equity lending. These are RARELY sold out as they leave companies open for takeovers. In the mean time, they are reducing 300M of common shares..which will make the Market Cap even that much more UNDERVALUED!
This is better than toxic lending or massive common share dumps. Rapid expansion requires these moves. I also have concerns that they're biting off more than they can chew , But if they can make it work it will mean a lot better price in a shorter time. I think audits will help a lot and and a couple US epiphany's.... And not going into a recession!!!!
Care to elaborate?
Do you Even follow what's going on with the company Or any of their webcasts or information ? Again with a valuation that is based only your opinion. That's Fine, I think it's worth..... 2 kazillion!!!! If they go through with their preferred B share addition, They're also canceling 300 million shares out of there OS. This will make them look even more attractive and make their valuation even that much more UNDERVALUED!!
They have expressed they have the available resources to grow organically, But also stated they want to do push for rapid growth in multiple countries. This is bound to take some extra financing. The choices are Dumping common stock into the market, Taking on toxic financing, Other legitimate debt sources or partnerships, Or using preferred restricted shares In the form of equity( Preferred which is not reflected in the market cap).
There are extremely few examples of any company that has grown to any size that hasn't used one of these resources. Musk, richest guy in the world, put up a sizable chunk of Tesla To go on his Twitter buying binge.
The facts are no one here yet has shown how S FIO has been unique in it's loss in price per share or in the amount of More stock being sold than bought....that, usually what happens in a broad market down turn. Doesn't matter who's selling the stock as long as there's not new new common stock being added for dilution. Basically, As an OTC stock, S FIO has just as much much future or statistic probability of surviving than any of the other OTC stocks that has been decimated.
It is unique however In comparison to 99% of the OTC stocks Simply by the fact that it is massively UNDERVALED , solid revenue, Higher than most profit margin, more assets, History, Expansion etc.
If anybody wants to Discount that statement then I simply challenge you. Find me an OTC stock that has over 10 million in annual revenue With a higher percentage of assets to debt, Profit margin And lower PE and PS ratios To market cap...i.e. undervalued. For those that think there's that much better OTC stocks out there than I anxiously await Your examples that beat this. If you can't find on...well...
P.S. If we were in the worst depression in the world, And we had $5 to spend on food for the next week.... My wife would use it to buy a Starbucks Coffee..... So no, Recessions, depressions... It's often the comfort products that survive.
300 million will become 3 billion shares and will be able to be sold in 12 months - SFIO is buying companies and partnering with companies - this scares the shit out of me - MASSIVE selling 1 year from now
In your view is this a sign of strength? or is this a small snippett of a larger downtrend of over a year period with a short term dead cat bounce. More dilution in the form of ammunition to buy more overpriced "milk toast". A market Cap of above $10Million is not a good risk reward. For most would view this as basically illiquid with no major upside potential. No Brand, No IP, No New Major Market, No Patent..... On the verge of a global Recession... Cash will be king. Being Stuck could be a problem
$SFIO Starfleet Innotech announces authorization of new class of preferred shares to fuel growthPress Release | 06/23/2022
NEW YORK, June 23, 2022 (GLOBE NEWSWIRE) -- Starfleet Innotech, Inc. (OTC Pink: SFIO) announced today the successful partial amendment of its Articles of Incorporation, creating a new class of shares to support its continued fundraising efforts. Under this amendment, the company has authorized 310,000,000 preferred series B shares, convertible at a ratio of 10 common shares for each single preferred share with full voting rights.
“With this approval from NVSOS, these new authorizations will allow us to pursue more strategic acquisitions, as well as onboard new officers and key partners,” said Jeths Lacson, CEO of Starfleet Innotech. According to Lacson, approximately 300,000,000 common shares (restricted) issued to existing officers and key partners will be converted into this new class of preferred shares. These shares will carry at least a 12-month moratorium on sales, further restrictions on sales and an opportunity for conversion to common shares beyond the moratorium, as well as a right of first refusal for the company to repurchase offered shares.
For media enquiries, please contact:
Craymond Yeong, PR & Marketing Specialist
Starfleet Innotech, Inc.
Phone: (+64) 21 0833 2966
Email: info@sfio.co.nz
Twitter: @SFIO_Inc
Facebook: @starfleetinnotech
YouTube: SFIO
About Starfleet Innotech, Inc.
Starfleet Innotech, Inc. (OTC: SFIO) is a global investment holding company focused on innovation through disruptive collaborations across its three key industries: Food and Beverage (F&B), Real Estate, and Technology. With a strong presence across New Zealand, Australia, Malaysia, the United Arab Emirates, the United States, and the Philippines, SFIO makes strategic investments in high-growth businesses, building synergies across its diverse portfolio to provide maximum shareholder value. Guided by tradition, driven by innovation, and enabled by collaboration—SFIO is on a hyper-growth path to build a thriving global business ecosystem, shaping the futures of its core industries.
FORWARD LOOKING STATEMENTS
The statements contained herein may contain certain forward-looking statements relating to Starfleet Innotech, Inc. “Starfleet” that are based on the beliefs of Starfleet as well as assumptions made by and information currently available to Starfleet’s management. These forward-looking statements are, by their nature, subject to significant risks and uncertainties. These forward-looking statements include, without limitation, statements relating to Starfleet’s business prospects, future developments, trends and conditions in the industry and geographical markets in which Starfleet operates, its strategies, plans, objectives and goals, its ability to control costs, statements relating to prices, volumes, operations, margins, capital expenditures, overall market trends, risk management and exchange rates.
When used herein, the words “anticipate”, “believe”, “could”, “estimate”, “expect”, “going forward”, “intend”, “may”, “ought to”, “plan”, “project”, “seek”, “should”, “will”, “would” and similar expressions, as they relate to Starfleet or Starfleet’s management, are intended to identify forward-looking statements. These forward-looking statements reflect the Starfleet’s views at the time such statement were made with respect to future events and are not a guarantee of future performance or developments. You are strongly cautioned that reliance on any forward-looking statements involves known and unknown risks and uncertainties. Actual results and events may differ materially from information contained in the forward-looking statements as a result of a number of factors, including any changes in the laws, rules and regulations relating to any aspects of Starfleet’s business operations, general economic, market and business conditions, including capital market developments, changes or volatility in interest rates, foreign exchange rates, equity prices or other rates or prices, the actions and developments of the Starfleet’s competitors and the effects of competition in the food manufacturer and service sector , technology applications and components, and real estate development. Sales and property management on the demand for, and price of, Starfleet’s products and services, various business opportunities that Starfleet may or may not pursue, changes in population growth and other demographic trends, including mortality, pandemics, morbidity and longevity rates, persistency levels, Starfleet’s ability to identify, measure, monitor and control risks in Starfleet’s business, including its ability to manage and adapt its overall risk profile and risk management practices, its ability to properly price its products and services, including property development capital expenditures and establish reserves for future policy benefits and claims, seasonal fluctuations and factors beyond the Starfleet’s control. Subject to the requirements of the Listing Rules, Starfleet does not intend to update or otherwise revise such forward-looking statements, whether as a result of new information, future events or otherwise. As a result of these and other risks, uncertainties and assumptions, forward-looking events and circumstances discussed herein might not occur in the way Starfleet expects, or at all. Accordingly, you should not place reliance on any forward-looking information or statements. All forward-looking statements herein are qualified by reference to the cautionary statements set forth in this section.
Not surprised SFIO can't even climb up more than a fraction this week. I guess it all that dumping this week.
JMO
Still above a penny and rising.
Starfleet Innotech Inc (PK) (USOTC)
USOTC:SFIO
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MY, MY, 4OK BUYS AND 660K SELLS - SURE LOOKS FAMILIAR
So far I see no difference between this price action and the old Smokefree days that I was stuck with for over 10 years!!
BAM!! - 220K sell @ .15 - our mystery person is back - and now another 198K
Remember when OTC WASN'T trading at 80% off its highs?Remember when many of us where hitting multibaggers one after the other?? Of course some investors were only able to get their money out of old defunct stocks like SFIO after it was RESSURRECTED from the worthless paper it had become talk about "lottery". I'm glad those investor, at least, made some profit on that incredible boon!!
Kind of funny for ANY of the legacy stock holders not to be supportive of a company that gave them such a gift. I guess appreciation never comes in the form of patience!!
Picked up small lot yesterday at .0151 felt like a gift still...not concerned about share price it's just a number until you sell it and I dont plan on selling for awhile. Have a great Thursday..I'm playing golf
Below a penny before it goes above a dime. Remember when it was over a dime? That was a fun time.
Still above a penny. $SFIO Read more.
Well, maybe the person(s) who had the shares that were not restricted is/are done selling - at least for awhile
I have quadrupled my position from
two years ago.
The cone heads in the boiler rooms
Will run this!
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