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Do a little homework
https://m.facebook.com/groups/444710573546612/posts/493069678710701/
Let me help you.
"A fake bank acquired the shell for $15,000 (fifteen thousand US dollars)"
Not true, an individual acquired it by paying $15k. He had started the "ServeBank" company already. BTW - ServeBank never claimed to be a bank -- but I believe it was a sketchy organization and still is.
Agree it is beyond sketchy organization. You are correct that the guy who controlled the fake bank bought control of the shell for $15,000
"gives away 20-30% of their company"
Again, not true. They did not give away. They just did not buy 100% of the shell.
Distinction without a difference. If I own a shall and you merge your company with my shell and the result is that I own 30% post merger, you have given away 30% of the company FOR A SHELLL THAT WAS BOUGHT FOR $15,000
"the accountant based in Australia who provides accounting services for local gas stations and appears to be a one accountant operation."
And again not true according to their web site they have 11 employees.
https://mlvaccounting.com.au/team/
Look at the reviews chief. Florists and gas stations and restaurants.
"20,000,000 in assets and over 2,000,000 in the bank installed a plumber as CEO."
Hmm, I read the last financials and don't see where they claim to have over 20m in assets.
https://www.otcmarkets.com/stock/SFIO/financials
This one I offer my apology. The last Q list exactly $23,146,885 and right next to that appears thenumber words TOTAL ASSETS
This company is twisted in some kind of MLM scheme from the past. Now you have million of shares exploiting the SFIO on a daily basis. You are avoiding the core issues.
Don’t compare SFIO to other OTC companies. Some OTC stocks are even climbing back up expect for SFIO
Failed to obtain an auditor in more than a year. Any real company would havs taken care of this situation immediately. This means company is broke or BSing everyone with fake news and fake financials.
*****SFIO trading $0.0149*****
Shame on this company.
Allow me to give you a very brief history of this shell. A fake bank acquired the shell for $15,000 (fifteen thousand US dollars)
A company that claims they have $2,000,000 in the bank and over $23,000,000 in assets and $6,000,000 in revenues for the last quater gives away 20-30% of their company to the fake bank and its cronies that bought the shell for $15,000.
This company is a red flag the size of California.
Nobody talks about the accountant based in Australia who provides accounting services for local gas stations and appears to be a one accountant operation.
Oh and by the way, the company that claims they have over 20,000,000 in assets and over 2,000,000 in the bank installed a plumber as CEO.
This all makes perfect sense to me. And all the companies they bought sold their companies essentially to a pink sheet shell.
So let me get this straight. Some think because anybody started in a lower position or education early in their career or life, that means there's no way that they can advance or do greater things? Someone wanna give me an example of someone in there twenty's or thirty's just out of school that was immediately given the role of president or CEO in a fortune 500 company. You might want to do a little research of how many top Cios started out in the mail room or equivalent of the companies they're now running. This argument about background is a red herring, And the "argument itself" Is about as desperate a measure, to provide FUD, As I think anyone can come up with.
Why is it so hard for for anyone to post an OTC pink company that has as as good or better stats as this company. I don't care if you think they're a complete lie or not, Surely there is one company that somebody here can post that has As good revenues with as high a profit margin, The years of experience, the number of conglomerates, Assets over liabilities, No toxic debt.
Come on, simple challenge. Some think this is a waste of investment dollars then give us something better with a brighter future. If no one cant come up with that and can only come up with arguments about personal OLD history.... Just not very convincing when you see the hundreds and thousands out there that have no revenue and toxic debt and continue to dilute time after time.
So I would suggest those that like counting on fake catalyst hype runs that usually crash back down, stay investing in those types of companies and the rest of us will hold on to something That none can seem to find a better option too.
He was a backoffice clerk in the 1980s stamping documents and filing them in alphabetical order. Now he is the President of SFIO. Congratulations!
Well Ladies and Gentlemen, tomorrow brings a new month and hopefully a new beginning for SFIO. May we see Audited Financials in the coming days, and let us blow it out of the water!
Purveyors of False misleading information. This new Prez has never run a fortune 500 company. He was part of small banks that ended up selling to the big boys in the Mortgage Scams of early 2000s. WOW! the Scheme just gets more and more Shady. I don't think a relationship with a viable auditor would be one that either side would be satisfied.
Insalaco got hired on as President and I am sure he didn't check any of the company's factual statistics or meet any of the janitors running this flim flam sham....I'm sure he didn't get a donut and he didn't have a gorgeous cup of instant coffee. Nothing to see here sir it's all a farce and we are scam-shamming ALL OF THE POOR LITTLE OTC'ers out of their hard earned cash!! Oh wait this guy has run fortune 500 companies before??? Jeths got him involved in the JANITOR SHAM!!! Is that like the MONSTER MASH!! I think I'm gonna buy some more toxic shares Monday because I want to own more of the monster mash janitor sham!!
more sellers than buyers ?
Here ya go equineinvestor, you asked a lot of questions and I can give you all of the answers. https://www.uopeople.edu/blog/10-successful-entrepreneurs-started-with-nothing/
Git-er-Done $SFIO
Of course. And then there's a Shell that claims that they have $3 million in the bank and $10 million in revenues and merges with a pink shit shell and gives the owners of the shell 10 to 20% of the business when with the $3 million they could've bought their own shell and owned 100% of the company. That transaction doesn't insinuate that the plumber CEO is a genius. Are you kidding me buddy with that logic. Come on man. Name one management team member that you know anything about that has done anything successful in their entire life. Name one. Please name one.
I am not counting the restricted shares.
During an exchange (r/m) there is significant amount of shares allocated includes restricted and sometimes unaccounted for free trading.
FT is what your seeing freely unload on SFIO on a daily basis. Only glimmer of hope is SFIO does not issue any new shares, if they do it will make the matter worse.
A reserve stock split won’t make a difference, however, it will make matters worse for the company if they go through with one.
Didn’t know the CEO was an ex-plumber.
JMO
If this is an argument about how much was given to hatadi, Then we've been over that issue to death as well. Screw up from not knowing how to RM... Possibly. But as far as the rest of the shares, I would argue we're in a better situation than most of those I've been trying to point out to you. Between hatari, And Jeths having majority of common, And another 100 million for the 2 top officers.... The only other "internal" restricted shares are about 5.7... A pitence. The 800ish restricted shares As you said, will be available soon as well.
You said yourself, At least there's no toxic notes. Have you ever looked at a cross-section of OTC stocks and see how many have toxic notes.... Sharp lives on pointing these out to everybody. Do you have any information services That inform you of every time an OTC stock increases its OS share or AS share account(multiple times a day)... And many times not by 5 or 10% but often 50, 100 or even 200%. What I don't understand is all the investors that continue to believe that a company, Diluting by a 100%, Is somehow a good future pick??
But AGAIN, Those of us that are gambling on this as a long term investment don't care about How the number of shares are distributed or bought and sold or dumped on a daily basis. For value seeking, long term investors ,all that counts is how many shares , equate to Market Cap....AND, by financial standards, is the price per share, at a certain PS or PE ratio make this Over...or UNDERVALUED. Short term price issues don't matter as long as Financials are not completely made up.( This happened with "China Hustle" in the 20teens) If they Make it to the upper level OTC or even NASDAQ, These ratios at that market cap will eventually come into synchronization
If they are completely lieng, some of us loose money....if they are only HALF right.. and expand...this price is a STEAL!!! For most of us, THATS ALL THAT MATTER.
I've heard your arguments and very similar ones, Back when I was dumping into eBay as its price continued to drop... For almost 2 years. Growth , revenue and innovations were all I cared about!!
As far as I know SFIO is not issuing or increasing OS expect for the Reg A.
The orgin of the weight of the share has to do how the custodian structured SFIO during the R/M.
This happens a lot with OTC compaines duirng a shell -r/m transition. I know guys who do this for a living.
Stop using comparables that has nothing to do with SFIO.
Only thing you don’t see now is pump and dump schemes because there is not enough OTC volume of interest as a whole.
Jmo
The reasoning that Any given person can't be successful because of a their previous career... It's quite frankly laughable. Ford Came from a simple family and simple education. Elon musk drop out of college. Hershey goes bankrupt 7 times before he makes to go off things. I actually know an Amish man with a 8th grade education that has a 20 million dollar business Empire.
Then there's that genius that starts a bookstore out of his garage.
Kbaz. Always seems to imply that S FIO is adding more shares to the OS count every day. Of course this idea that there' manufacturing shares that aren't getting recordedl with the OTC is nonsense. Just today I gave you a couple examples of well followed stocks That haven't been able to get past certain price points And are off by 75 to 90% from their high. The majority of OTC is exactly the same..... Show me some graph or status that says on a whole OTC stocks Our flourishing.
Here, I will backup my claims let's see if you can. Here's the chart for the OTC venture index. This is basically the index for major OCTQB Stocks that make up the OTC. Show me on this graph where you see a marked improvement in the OTC in general. You can say S FIO is not or should not be connected with other OTC stocks..... But the fact is they're all acting and performing almost exactly the same..... Lack of confidence in the market in general. You are right in one aspect that being a foreign company S FIO has a larger hill to climb.... What's amazing is the fact that they're not lower than they already are.
https://www.otcmarkets.com/index/.OTCQB
SFIO vs overall market has little to do with the 100Ms of shares being unloaded.
Explain why SFIO cannot even trade over 2 cents? I can tell you why. Two key components.
You going to blame the stock market?
SFIO trades on avg 1.5M shares per day.
SFIO should be over 5 cents - nope because too many shares is weighing down the stock price.
Kbaz “stock scheme” is somewhat correct.
Publish gas up stories, hire a professional pipe piper to line up naive buyers, who subsequently become the “exit” for the custodians and the promo fake longs.
This OTC scheme has never changed.
JMO
comparing the market in general is relevant. Most are having the same exact or similar issues... There are always the outliers. Until the entire market as a whole regains confidence, Even your audited financials or Cafes in the US still gonna take some time to Garner recognition.
So as I've been asking, What are the alternatives?. For those that are looking to place a portion of their portfolio in the riskiest of sectors.... that is the OTC. So looking long term at growth and those that have current revenue and that profit... Within the OTC market structure..... What are your alternative companies that have better prospects? Not looking for those that might throw out some catalyst that may or may not spike the price and then tank it right away.
Since you're saying nothing's happening until audited financials and angels or share structure changed.... What proactive things are you doing that might help initiate this ? Comments listed here aren't going to be heard from or listen to my management. So it sounds like your only option right now is to express your concern on their Twitter or Facebook sites Or wait for the changes you expect Or hopefully a run due to some betterment of the market gaining notice.
100 percent accurate. And the CEO is a plumber. Please explain that. You can not find one credible thing this guy is done in his life. Installed as the fall guy in my opinion
Your question or questions is to deter from the core issues SFIO faces and its inability to gain any sensible amount of market value.
Like I told you I know many OTC symbols with similar share structures that do not face this problem. And I know several similar OTC companies that are saturated with sellers especially coming from custodian origin.
The largest one and his team members control 100s of OTC stocks.
Do you honestly think I have zero knowledge of what is going on and I am just randomly guessing?
Don’t bring up other companies because it’s relevant, why OTC volume is down INDU or any other comparable.
SFIO is overweight with millions of shares being unloaded NOT including retricted shares due to unlock.
Been over a year since the r/m and no auditor announced as of yet. SFIO lacks credibility especially operating in 3rd world locations.
As a result SFIO trading at $0.014
JMO
You havent given any indication Of how you'd speculated about anything. I've asked for another stock that has better stats multiple multiple times and yet have given no alternative..
If they have half the revenue half the profits they're quarterly Claims, Eventually it will get noticed and the price will be reflected. Audits will help and another quarter or 2 will help but it's not going anywhere tomorrow or the next week or even the next month.. If pick up fake, And some of us will be out of some money. I don't know if this is at the place to get management To hurry up and get They're on it. You can go to their Twitter site and request that there. Simple, As far as the rest.... That's the speculation you speak of.
Starfleet Innotech Announces Steven Insalaco as President
New York, NY —
This release includes additional documents. Select the link(s) below to view.
Press Release_ Starfleet Innotech Appoints Steven Insalaco as President.pdf
Starfleet Innotech Announces Steven Insalaco as President
New York, USA, 21 July 2022 Starfleet Innotech, Inc. (OTC Pink: SFIO) today announced that Steven Insalaco has been named President of the global investment holdings company.
Insalaco brings over 30 years of executive management, corporate finance, and family office experience to SFIO. His expertise is focused company operations and capital structure, utilizing mergers and acquisitions, as well as other business modalities, to improve efficiencies and drive growth, valuations, and returns for capital sources and investors.
This past year, weve focused on laying out the groundwork for our global ecosystem across F&B, Real Estate, and Technology, said Jeths Lacson, Starfleet Innotech CEO. With Steven joining us at the helm, our focus now shifts to the exciting work of institutionalizing our community, bringing in new partners in the capital markets, and forging innovative opportunitiesareas he has excelled in as a global leader for over 30 years.
Within the management and finance umbrella, Insalaco managed a $3.5 billion healthcare finance division and provided his financial and management skills to Fortune 500 and other public and private companies including ExxonMobil, Northrop Grumman, and Griffon Corporation. His experience includes developing and implementing marketing plans for different bank divisions and addressing the investment objectives of institutional bond clients improving term, yield, and portfolio quality. He identified and structured over a billion dollars of financings/deals, closing over 50 diverse leasing, asset based, real estate and other structured finance debt and equity transactions.
Insalaco is concurrently the President and Managing Partner of Calgary Enterprises, Inc., a strategic operating business, financial management, and family office company he formed in 1988. Previous positions he has held include three money center banks (Chemical Bank, Manufacturers Hanover Trust Co., both now part of JP Morgan Chase & Company), and two investment banks (Merrill Lynch, acquired by Bank of America and Wood Gundy Inc., acquired by Canadian Imperial Bank of Commerce).
As President of Starfleet Innotech, Insalaco will be spearheading the restructuring of Starfleet Innotech into a truly lean and agile corporate ecosystem, towards the company's immediate goal of uplisting onto the Nasdaq. Tasked with developing disruptive new business opportunities across regions, he will be taking full advantage of the companys global presence in leading and emerging economies. Insalacos employment with Starfleet Innotech will commence in August.
Eeny, Meeny, miny, moe, Catach a Ticker by its Foes. If they Holler, let them know, it's probably kbaz, coastrader or some other Mofo, Eeny, meeny, miny, moe. Git-er-Done my Eeny meemy miny, SFIO.
Git-er-Done $SFIO
Nothing to compare. SFIO has way to many shares being unloaded. That is the number one reason why its trading this low let alone discouraging any new buyers to touch SFIO.
Audit at least gives them credibility which this company has none at this point.
You honestly think I simply speculate with BS stories.
Do you think SFIO will ever trade over 2 cents?
Jmo
The Company is Total Milk Toast and is off in 5 different directions. A peanut Vendor may be a better Venture at this point. It is funny how the Big Rock Candy Mountain of a Narrative gets bigger and bigger. Only Newbies and Share Sellers that are scheming Over Embellished Milk Toast, fight so hard to convince a stock board. Unless this is panic attack for overbuying Garbage. This is a funny relationship between inexperience Public Company Management and Newbie Naive OTC investors. Fun to watch....
UH OH somebody is going to tell Jeths. hahahahaahaha
AGAIN, AGAIN, AGAIN.. Not by any stretch of imagination a problem exclusive to S FIO. Nobody has dismissed the idea that greater attention And even an audited financial are not necessary to help this along. But that doesn't dismiss the revenue or the profit margin compared to the majority of OTC stocks.
Are you trying to compare S FIO to say a NASDAq stock? Because that's just not practical. There are multiple ways they could get these shares to the market And collect their revenues.... But they usually have a lot of strings attached
In your opinion, Should every investor get out of every OTC stock whose price has collapsed and is selling many millions of shares A-day And whose price hasn't recovered significantly?
If you believe that, Then why are you concentrating all Post on this one particular stock when there's 90% others out there you could be bringing the same Attention to.
I tend to think it's not about general stocks that sell shares.... Maybe just this one specifically.
SFIO can be a peanut selling vendor on a Las Vegas strip or close a deal with Elon Musk. None of their stories matter unless the share structure is trading in a favorable condition.
When you see blocks of shares being offered constantly loaded at almost every price level this is alarming.
Silver lining here is SFIO has not issued a toxic note.
Jmo
The failed offering demonstrates the lack of confidence and credibility of SFIO in so many levels.
Anyone pointing out SFIO pr and earning as a reason to buy without validation is delusional.
Reverse Split won’t work.
JMO
Nothing to compare..... Just a majority of OTC stocks. I'm sure you could give us a few examples of those that Are possibly slowly making a come back... But the OTC market is still at its bottom as a whole and has a long way to recover. You try to pull out the exceptions and make them the rule.... That's not reality here.
I'm not disputing the value of the company I am saying the offering was not WELL RECEIVED
Well I do appreciate your simplistic analysis. I don't know of too many profotable companies that historically trade at 1 times their annual revenue.
You're right and that they would Have to do a reverse split to get the price high enough for NASDAQ listing... But either way you're talking over a year away.
The price isn't going anywhere until enough investors Become aware of the company at all and recognize the revenue and net profit.
I'm not aware of any plans of theirs to Increase the authorize shares. They are talking about canceling some common shares and converting them to preferred.... For the sake of market cap evaluation This will increase your price per share calculation.
It doesn't take too many OTC companies as comparison to see how undervalued S FIO is. A couple well followed examples are HMB* and ILU* . The 1st trading at over 30 times annual revenues, And the 2nd at around 10 times. Neither have as good financials as S FIO.
Very clear with SFIO way to many shares being dumped on a daily basis.
Nothing else to compare.
I can give you many symbols that have the same share structure without the heavy selling that can allow the stock to trade normal.
Been trading OTC markets for quite a long time. Game never ends. I actually personally know the biggest custodian in the OTC who and hid team are large sellers of 100s of OTC trading stocks.
Jmo
Oh my word please stop it people... its just math ...take the ESTIMATED annual gross income and divide by authorized shares
25000000 / 1,424,399,704 =0.01755125329 boom its magic....there ya go there's an absolutely fantastic and realistic pps
Chaos can go on and on about selling because there is A LOT of shares being sold..WHICH MEANS A LOT OF SHARES ARE BEING BOUGHT
Until these people do a reverse split THEY WILL NEVER UPLIST to anything but the OTC. These offerings they announced last month of this preferred that increased the AS was not received well.
Financials should arrive in the next weeks ( if we are lucky ) and provided they are decent we might see some traction. I don't think we go backwards from there
AGAIN, Show me where S FIO situation is unique to the OTC market right now? Other than the few faithful that Try to day trade or swing trade hoping for the few percent will add it up..... Nothing has changed in the OTC since it's crash after the covid binge. I'm not sure why this is such a hard concept for you to understand.
Millions are traded every day, I get it, How is this different from every other stock out there. Maybe you would rather see billions traded every day from those that have 10, 20, 50 Billion shares outstanding?
Reducing the AS Does not mean a whole lot other than a show of confidence that they're not intending on easily dumping a great percentage of diluted shares. And if they follow through with their conversion there's going to be even less OS That will reduce the market cap even more.
Until the larger retail investor base and even small scale institutional investors see the OTC as being undervalued, Most of these stocks are going nowhere except for the Cult followed catalyst jumping junk. And MY experience has been when the profitable, expanding, truly undervalued (Determined by standard industry ratios and not what, Kbaz thinks it should be) companies get noticed. ...they are the ones that jump quickly.
I don't know if you still hold shares or not but the majority of us that are left, Understand the risks and issues like slow audited financials.... But that's where you truly do well in the OTC..... Patience not instant payday!!
I keep asking for a better stock stock in the OTC that has better stats and you fail to list anything. Even without audited, I'm sure they have to comply by local and country requirements for reporting at least to some minimal level (taxes if nothing else). If they are lying about half of their revenue or profit margin...... This is STILL undervalued Is by all comparative measures.
Email management or make a comment on their Twitter site about wanting to see audited financials. Most of us Have Acceptef that risk. Maybe Dunkin donuts is more your taste.
Reducing AS does not mean anything whatsoever.
This is quite simple
Approx 500M free trading shares are being unloaded into the market.
SFIO trades near 2M shares with absolutely no price follow through. Why, millions are offered on a daily basis. This is what Kbaz is talking about.
This is what you should chat about.
Company has yet to demonstrate those financials claims are valid.
I have never been wrong of my observation this is based on my experience.
JMO
I still love the Fake News Post. Ha ha ha. It was not news, it was free DD from A great company.
$SFIO STILL THE best Little Big company on the OTC.
We are busy, continue posting the good stuff and we will get back with you.
You're describing the exact same situation with probably 90% of the otc stocks. It's a hard sell to set up an A-1 and dilute When all stock prices are off anywhere from 75 to 90% from their highs. You still haven't convinced anybody that somehow SFIO is special in this case. I get these "all seeing eye" Pop up reports many times A-day Showing yet another company that is either heavily diluting or raising their AS which is a sign of dilution coming. SFIO actually reduced their AS.
So what makes you think that their current financials are nothing but lies? One of the 1st things I did was to look up on Dunn n Brad street to see if I can find out on some of their conglomerates. They are reputable accounting firm firm but often way behind in the collected information they have. Either way I was able to find Is in there record base, Revenues for their coffee, Cafe, Bakeries And even the eletrical contractor. If you look at their acquisition of big loose donuts you can find all sorts of information about about their revenues and growth over the last 15 years .
So to say that there's no evidence that they arent making good revenues and profits... is just blatally wrong. Yes an audit would be helpful. But I would be a lot more concerned about Heavy dilution and toxic financing which we have no evidence for this company. When you find that, Please feel free to post it. Other than that, Maybe you should try another coffee shop besides Starbucks.
I'm busy, I'll get back with you.
Share selling scheme? Yeah that's pretty much how the stock market works. You have shares that I want so I buy yours, If the price goes up enough and I want to make a profit I sell my shares to the next guy and so on and so on. If you're implying that they're selling shares that don't currently exist in the OS.... Well that statement is blatantly and absolutely false. If you have proof that they have sold some shares outside of the legal limits and terms of the available shares.... Then by all means post your evidence here.
I'm sorry if you have not been able to make money in the OTC, Like many of us here.... It does take a lot of experience and acknowledge of how things work. If you stay with it for a few years maybe you'll pick up some of the ways in which people profit.
Some monitor daily price spikes and try to pick off Some gain from a catalyst that caused the company price to spike.
Other look for fluctuations from bad news and get in on overselling and dips. Personally, after making bank on the covid binge, I tend to look for companies that are undervalued like this one. Ones that have solidly increasing revenues and actual net profit.
Hey, at least you got lucky with an old failed stock choice like Smokefree, and were able to take advantage of the random Chance this reverse merger afforded you.
SFIO is a company claiming assets and revenes from outside of the US with nothing to back it up those claims. They failed to conduct an audit. They closed a year ago on a R/M and yet continue to remain alternative reporting.
MAJOR RED FLAG
SFIO is claiming $25M and still can’t announce they hired an auditor.
Next. Company share structure is damaging the value of the company this why SFIO is on the verge of breaking 1 cent.
There is approximately 500M shares (again not counting restricted shares) being poured out into the SFIO trading market. This is the main reason why SFIO won’t go anywhere let alone 2 cents.
MAJOR RED FLAG
JMO
That's not what I'm asking. Lots and lots of companies are having trouble getting equity financing. Many are turning to toxic debt and heavy dilution..... Nothing this management has done yet significantly. They said in their last webcast that they will proceed with profits from operations if they cannot get A decent price from stock offerings.
Even the fish George sharp is talking about raising 5 million and equity financing for his latest merger. And this is the guy that has pointed out over a dozen well known well traded OTC stocks that he says are are skams and utilizing toxic debt.
I have asked repeatedly for you to give me an OTC pink stock that narrowly has revenues above 20 million but also has a net positive profit and all the other factors that S FIO has that most don't. If you're investing in other stocks I assume you have something that has better financials than this one since you seem to think it's not going to make it.
So what you got for us that's better, right now!! If you're not investing in anything else then why focus on this one?
If so many have so much of the available stock... Just means to me that when it does get noticed and it's ready to run it's gonna be the equivalent of a short squeeze.... Even though shorting won't be Is reason.
Text book Share selling Scheme.
The only selling making money at this point were free shares or bargain shares that are going after those who cannot let accept they have been fooled by the fluff.
If a long can sell out of this at this point, take the money and run before this goes through the Reverse Split. No Auditor and they hired a New Zealand Soft Landing company (likely gave them shares to sell remaining captivated retail.) Hired a Specialist at Equity Structure and money raising, likely the same way.
Some will never look at the mortar of the Structure. BTW how do all of the longs here on this board continue to profess that they have made money everywhere in the OTC? Serious? HAHAHAHAHAAHAHAHAHA! An individual retail cannot considerably even sell shares out of this company at this point! "Achtung Baby"
It is estimated that approximately 500 million shares (not including restricted shares) are being held by those who are weighing down SFIO's stock price.
I can pull up examples. There was a famous OTC company called Bebida that had $3M in EBITDA and signed up Walmart, Costco, and many big box stores.
The stock was trading at .001 with about 2B shares being unloaded by a previous custodian.
Consequently, the company had difficulty raising capital to expand and ultimately shut down.
Jmo
Current Market Cap should be well below $10Million.
Milk toast
Current Market Cap should be well below $10Million.
Milk toast
Current Market Cap should be well below $10Million.
Milk toast
Current Market Cap should be well below $10Million.
Milk toast
Current Market Cap should be well below $10Million.
Milk toast
Current Market Cap should be well below $10Million.
Milk toast
Current Market Cap should be well below $10Million.
Milk toast
Current Market Cap should be well below $10Million.
Milk toast
Current Market Cap should be well below $10Million.
Milk toast
Current Market Cap should be well below $10Million.
Milk toast
So sorry, the keyboard just keep repeating this over and over again..cant seem to erase anything...I'll look into it and try and fix things so It doesn't keep repeating what I'm typing over and over.
You got the better company for me yer?
If you've been trading that long then you of all people should have countless examples of companies just like this that's struggled for months even years before they just took off out of nowhere. I've given eBay as one...2 years to move...why so impatient?
If you do so much trading and have been doing it for so long, why Can't give me just one other company in the OTC pink category that has better financials or stats?.... At least as far as their quarteries are showing. Just one that's all I'm asking. Just because you may not believe in this particular company, Doesn't mean 90 plus percent of the rest of OT arent struggling with exact same things. The overall OTC has not come off the bottom yet. There's always a few outliers that pop off of a ridiculous catalyst or 2. But as a whole the market is still trying to find the bottom.
We've been asking some of the other posters on site here for a long time.... Deposit an OTC pink with better revenue's, profit margins, years in business, multiple conglomerates.....
Yet no one's been able to post one yet. It will probably take another quarter tor 2 an audited financials And a cafe or 2 in the US wouldn't hurt.
Not a short term or day trader play.
Some of us are waiting for to go below a penny. I'm hoping eventually to get average down to 1.25. Why are you still worrying about the short term. If they have the revenue and the profit margin they say they do they do then this has no option option but to eventually get noticed and go up. If they don't, Those of us that are gambling on them will just be out a little bit more retirement money. There are no toxic shares, There's no dumping, There's just people naturally buying and selling for various reasons.
Trust me, If I and probably about 20 others decide to get out...... You will definitely see what dumping looks like. It's gonna be 7 or 8 figure share count at a time.
So basically, No need to sit at Starbucks anymore, Time to sample some other soda shops.
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