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Soon we'll see a press release announcing that SFI is entering into a joint venture agreement to produce a smokeless medical caca product that you can smoke out of a bong.
BBB: The problem is that Thomas just comes up
with one excuse after another. All excuses and
NOT ONE result. When will SFI actually achieve
just one prediction? Where are sales actually
taking place? I'm sorry but in my book Thomas
does not have any credibility.
TD: It's good to know that many supporters are now questioning
Thomas. I also think it's time the supporters get in touch with Thomas and ask him "what gives?" The problem is Thomas has been totally unreliable so you don't know what to believe. It seems that Thomas goes out of his way to deceive.
It's been a year and a half since SFI first went public and the company has never been in a such a terrible condition all thanks to Thomas.
Another week without financials, another week with no hard evidence that ANY product is being sold. All we have is to indicate that sales are taking place is Thomas' word and we know that that means nothing. Thomas has been lying for so long that he can no longer tell the difference between a lie and the truth.
Thanks so much BBB. I get frustrated because I see so much potential and nothing happens except a lot of words that are never backed up by actions. As you can tell, I have no faith in Thomas.
BBB: You seem to be a good person that has been misled by Thomas' false promises and outright lies. Since you seem to have a good rapport with TS, ask him if he can, at least one time, tell the truth about when the financials are going to be issued? Is Thomas now living in California? GLTY.
Please not another press release about the smoking habits of the submariners. Where are the financials? I am surprised that SFI has not received a CAVEAT EMPTOR designation.
TOCO: The problem is that Thomas will only tell you what you want to hear. He does not tell the truth. Do not believe anything you hear from him. By the way, the quarterly financial statements will be a disaster courtesy of Thomas' incompetence.
BBB: I believe the product that is being sold in South Africa is "Similar" which is not a product manufactured by "Smokefree" product but rather another company's product distributed in partnership with SFI. But please correct me if I'm wrong.
On another matter, where are the financials? Week after week there are rumors that the financials are coming, but nothing happens. If SFI would improve its credibility (IMO) that would go a long way towards improving the share price. As it stands, SFI has little or no credibility. GLTY.
BBB: TS has been spewing the same crap for over a year, so to me it's the same BS, different day. Remember the old saying "actions speak louder than words". Thomas uses a lot of pretty words but not once does he follow his words with actions and results.
This is yet another egotistical, self-serving press release. I'm still looking for TS to tell us where on earth can a consumer buy the Smokefree product... a specific location please. One more thing I'd like to know, who are the current members of the Board of Directors? And by the way, I'm not blasting you but I would like to see some hard facts behind the press releases as opposed to "wishful thinking".
Spirit: You must still believe in the tooth fairy if you believe this crap. The South African, South American, Australian/New Zealand markets are DEAD. It will take a miracle to bring them back to life. The only market that still may be in play, is the European market. Why don't you ask your friend Thomas to tell you where on earth the Smokefree product can be purchased. Ask him to give you a specific location.
When it comes to SFI, do not count on anything except that they will continue their games of smoke and mirrors. This company can't get anything right.
BBB, I believe that you are an investor who wants the best for the companies you invest in. On the other hand, don't put all your credibilty eggs in TS's basket. I'm not saying that TS is a liar, I just think he hides the truth and that seriously jeopardizes SFI's share price. I blame Thomas 100% for the total collapse of the share price.
Spirit, come back to earth. The financial reports
that are past due are for the first and second quarters.
The third quarter (hopefully) will be released sometime
in October. But keep in mind that the quality of SFI's
previous financial statements looks as if they were
prepared by Moe, Larry and Curly. CPA's.
Keep on rooting for SFI, God knows they need all the boosters
they can get.
Since the beginning of July... SFI has not reported in six months. IMO, SFI is a joke and it's only officer and director (TS) is also a joke. What makes it worse is that Thomas doesnt't give a rats ass. Thomas needs to go!! He would do real well working for CARMAX.
Spirit: The word is PATIENCE. Are you an American or are you
from Deutschland?
Spirit: The company is dying. I am surprised that anyone would find anything encouraging about SFI. TS needs to go, it's the only thing that might bring the company back to life. What happened to the volume?
Notice how the volume has dropped substantially? Price per
share stays flat (or goes down). This company desperately needs
a new CEO. Does anyone know who are the current directors of the company? What happened to the Chairman Evert Wilbrink?
Yawn; another meaningless press release that does very little
to move SFI's share price. One more quarter where the company
resorts to lame excuses for not achieving any sales.
This is afterall, the company of NO:
NO SALES
NO PROFIT
NO MONEY
NO FINANCIALS
NO CREDIBILITY
NO IDEAS
NO FUTURE
Oh, one YES: DECEPTION... a resounding YES.
Quit dreaming. SFI never said that they had a joint venture with RJ Reynolds. They have a joint venture distribution agreement with a company headed by a former President of RJ Reynolds. RJ Reynolds would never do any agreement with Smokefree.
Interesting article. However the article does not mention that the factors that most influence the share price is a company's lack of credibility. And surely you must recognize that SFI's failure to provide financial information scares investors.
SFI's daily volume has dropped substantially. As you stated in a previous post, SFI is just not communicating with it's investors. What are they hiding?
BBB: I gotta hand it to you. You are the eternal optimist. I don't understand how you can still have faith in SFI when they have not achieved anything that they said they were going to do. At what point do you start questioning the BS that Thomas keeps spouting? Thomas would be a good stock promoter or a used car salesman but he should not be the CEO of a public company. Why don't you become the CEO? It's time for a change.
So yo
Does anyone know when SFI will issue financial statements? What are they hiding? This company goes from bad to worse. Are they getting into a new line of business? Have they completed any sales at all? Where can a consumer buy their product? The company has been operating for more than 15 months and all they do is issue worthless press releases.
Spirit, you've been saying that for the past six months. Whenever you say "it's going to be getting better", it only gets worse. Why don't you start saying it's going to get worse and maybe it will start getting better. Good luck to ya.
I know that the SEC ordered a temporary trading suspension on some pinksheet stocks recently that were touting the oil clean up technology. But if SFI is not on the SEC'S radar screen they certainly would be on FINRA'S radar screen and on Pinkshhets as well, especially if enough shareholders start complaining.
That said, I can imagine that Thomas is using SFI as his own personal piggy bank. In that case the State of Tennessee may be interested in SFI's activities. I've often wondered if SFI carries any product liability insurance (PLI). Who would underwrite insurance coverage for an unknown, untested product for an unknown and untested company?
Here it is nearing the end of the second quarter of 2010 and still no financials for the first quarter. There can only be one explanation for why the financials have not been published; THEY SUCK! I wonder what the SEC guidelines are regarding a trading suspension until financials are issued? Shareholders are not being informed about the financial condition of the company and it seems to me that the SEC would frown on this flagrant lack of disclosure.
Thomas and SFI strike out one more time. It's time for Thomas to go. If SFI announces that Thomas has been replaced Bart Simpson, the share price would go up. $70k in sales, what a joke! What's worse is that there are so many pumpers who have a blind faith in Thomas. Guess what guys, Santa Claus doesn't exist.
This latest joint venture will go nowhere. What ever happened to joint ventures in Argentina, South Africa, Australia, New Zealand? What about sales in that "huge" market for sub-mariners? All "pipe dreams."
In it's present structure, this company won't survive.
The latest press release by SFI is another DUD. The investment community shows us, again, that it is not interested in press releases that don't provide any information on ACTUAL sales and of course do not provide any information on the financial condition of SFI. For all the pumpers out there, you must realize that this latest press release is a big disappointment.
I don't see this stock going anywhere except down or sideways in the near future. Anybody in the market for a used car? Call Thomas.
OK, the news today is positive especially when one considers that there has not been any real news in about three months. Also the pr states an initial order of $70k. You mean after all this time, the initial order is only seventy thousand?
I still want to know, where are the first quarter financials?
BBB, you have been a steadfast defender of SFI. I think that's commendable. But given that SFI has missed their own timelines so many times, how confident are you that this time they will actually get something done? I just don't trust SFI management and they have done nothing to convince me otherwise.
Donk, despite my very public criticisms, from the bottom of my heart (and my wallet), I hope you are right.
I can see that you a keen appreciation for garbage and junk. I think that you should call TS and tell him not to publish the financials for years. I'm sure he'll thank you for your enlightened advice as I am sure your suggestion will do wonders for the share price.
Good job pointing out the realities of SFI. So many of the pumpers can't stand reality. Dreams and empty promises that's what SFI has been all about since they launched in March '09.
And you're right about the financials, they are disgraceful and what's worse, SFI management doesn't know what a good financial presentation looks like.
The information below is copied from the SEC's website. When has SFI published any information that remotely complies with SEC reporting requirements. Forget about audited financials, I'm talking about the content of the financial presentation. I believe SFI leaves themselves wide open for a shareholder class action lawsuit for failure to comply with adequate disclosure requirements.
Form 10-K
The federal securities laws require publicly traded companies to disclose information on an ongoing basis. For example, domestic issuers (other than small business issuers) must submit annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K for a number of specified events and must comply with a variety of other disclosure requirements.
The annual report on Form 10-K provides a comprehensive overview of the company's business and financial condition and includes audited financial statements. Although similarly named, the annual report on Form 10-K is distinct from the “annual report to shareholders,” which a company must send to its shareholders when it holds an annual meeting to elect directors
SFI and TS have been masters of deception and BS. Let's hope they will soon change their tactics or this company will not survive much longer.
The company should change it's name from Smokefree to Smoke and Mirrors. An awful lot of people have been fooled by SFI and related parties. SFI has promised and continues to promise "free lunch tomorrow", but tomorrow never comes. Shareholders are much worse off today than they were a year ago.
It does make sense it you're trying to prod management into issuing long overdue financial statements and to fulfill sales targets that were predicted six months ago and have yet to materialize. Management inaction is disgusting.
Investment of about $33k, average price: .041
Does anyone know who are the accountants for SFI? I hope it's not Thomas. I noticed on the Pinksheets website that the accountants should be disclosed and I have never seen any mention on who is the accounting firm that prepares SFI's financial statements. What gives?
I would love for any authorities to come knocking on my door. But SFI would hate it. Two can play at this game of "what you gonna do when they come for you".
I can't belive how naive you are. I think you must believe in the tooth fairy if you continue to believe Thomas' excuses. I believe in facts and so far there hasn't been too many facts coming from SFI. I can assure you that a few posts from a few individuals will not trigger any investigations. This is typical of the fabrications that keep coming from SFI. Why doesn't SFI post on their website the information and results of the investigation? I would love to know who is the agency investigating Thomas. You suppose it's the SEC or maybe the FBI? By the way, tell me ONE lie that I posted.