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All hail the Master of Penny Stocks....Kbaz the moron! haha
Thanks for clarifying. Let's hope we won't have to wait too long.
Would you mind elaborating for investors here? Thanks
Let’s go!!
I knew OTC was reviewing since they were ignoring my emails!
The letter is 7 pages long! No wonder it took long! It’s done right.
Feeling happy for my SFIO family!! :)
Yes. Just to give you an example, Tesla trades at 137 X PE ratio....(absurd)
Not comparing to tech sector/TESLA by any means but exuberance has no limits in the current market. Think about what trades down here....mostly non sense and occasionally you get something like this which is a real business. Obviously a lot of the price action is a reflection of management and how a business is run....and so far these guys are doing incredible
Its because of PE ratios. Most publicly traded companies trade between 25-50 X of Earnings. So factor that in when you think of share price.
OTC update and CE removal
Wanted to warn all investors that the CE could come off as early as Monday/Tuesday and therefore hold your positions tightly. This is my communication with their Washington Corp office PRIOR to last Friday’s uploads.
“ Good afternoon,
Before we can begin to review the company's Caveat Emptor designation the company will need to make sure that it is current in its filings, as the company has not provided financial disclosure since 2011. You may check the status of any filings on link below.
https://www.otcmarkets.com/stock/SFIO/disclosure ”
I then followed up on whether they had to post 2 years prior financials or if they needed financials from 2011 onward.
“ Good morning,
No, the company will need to post financials for year ending 2019 and 2020
Corporate Services
OTC Markets Group
100 M Street SE / Suite 220 / Washington, DC 20003
T +1 (212) 896-4420 F +1(212) 652-5920
issuers@otcmarkets.com
www.otcmarkets.com
Follow us on: Twitter ¦Facebook ¦ YouTube ¦ LinkedIn”
Absolutely. As a business owner short term share price fluctuations should be irrelevant. Build a good business and the rest will follow! Including shareholders being happy. Ideally they should create a brand whose shares are worth holding, rather than feeding investors who just want to see a pop and sell.
Just my opinion.
No one knows....has anyone message or heard anything from the company?
Thanks. Nothing from 2021 but definitely reassuring.
Where is this info available? Don’t see it on otc
Website: company emailed me saying the website will go live once CE is removed. Apparently has confidential info which cannot be disclosed until CE is removed.
I’ve been emailing them. Essentially waiting on filings before CE removal. They don’t have much more to add.
They’ve confirmed that only the last 2 years of filings are required.
From Epiphany this morning
“We’ve been informed by Servebank (who facilitates this process for us), that everything will be completed by the end of the month (or earlier) :)”
My question to them was when will financials be posted and CE taken down especially since there’s been so many delays.
If nothing happens by Feb 1, I’ll be disappointed.
OFC financials
I know lot of people have been speculating on how many years of financials need to be posted, as last one was in 2011. I asked OTC this as well. This was their response
“Good morning,
No, the company will need to post financials for year ending 2019 and 2020
Corporate Services
OTC Markets Group
100 M Street SE / Suite 220 / Washington, DC 20003
T +1 (212) 896-4420 F +1(212) 652-5920
issuers@otcmarkets.com
www.otcmarkets.com”
So looks like only last 2 years of financials are needed.
Tomorrow is Epiphany Day. The day when 3 wise men followed the star and found baby Christ. Wonder if that is the day Epiphany Cafe will drop the news re:SFIO?!
If you’ve been holding these shares for years it’s tough not to feel jaded. That being said I haven’t seen any major red flags with the recent announcements.
Jeths and epiphany team have been very responsive and with them having access to OTC I feel encouraged that we will see news soon.
It’s easy to panic and sell, but being patient should pay off shortly!
Yes they supply products internally to each other but also externally to other businesses. Ardent bakers does the same.
I actually asked them and they replied and confirmed this.
Re: Filings
The process for filings is well documented on the otc website.
1. First, Verify profile and update company officers and address
2. Upload last 2 years of financials and attorney letter (the OTC then reviews these and provides company with feedback).
3. Once 2. Is approved then and only then does the company go current and CE is removed. The process takes 3-5 business days. So if company updates profile on Monday and uploaded documents that day it could be as early as today but up to sometime next week.
Again this is well documented on the otc website in a PDF that talks about how to get ticker symbol current.
GLTA!
Re: Ticker symbol
one of the things I had asked Paul Hata was regarding changing the ticket symbol. He replied that there was no intention of changing ticket symbol at this time. From an email exchange on Dec 19.
“ We are waiting for the approval of the OTC to bring SFIO current.
Hopefully, we will receive approval by the end of the year.
We do not plan to change the ticker symbol.”
Everyone has their own personal stories and reasons to hold or sell. I’ve held this for 10 years and thought of selling several times to lock in losses and carry over for future years....ultimately I didn’t have to due to my financial condition.
But after having spent 10 years holding this whats another few months/years.
And agree that generally PAYtience wins in this game :)
11 years of holding 2.1M shares @0.045
First few of those years were torture!
To all that were in the same boat, better days ahead !
So I went ahead and also messaged ardent bakers on fb and got this
“What we know so far is that Agrokings has successfully merged with SFIO and Agrokings is taking steps to make SFIO current in OTC.”
If you go in SFIO on OTC markets and check company profile you’ll see a couple of changes.
1. Officers are changed to epiphany cafe ones
2. SFIO logo is the new logo now
Great to see some old names here. Haven’t seen EliteYoda here yet but remember him/her from 11 years ago. anyway just saw this posted on Twitter. Worth noting but obviously cannot talk about legitimacy of anything in penny stock world.
$sfio big things right around the corner and steady moving. Ceo has been extremely responsive to all questions within what can be answered at this time. pic.twitter.com/J1b85p26jp
— Nick (@naaguiar14) December 21, 2020
Awesome! Glad somebody put the scammer in place...Bottomline is we're all just waiting. IMO there is no room to sell at these dirt cheap prices.
Looking at the level II from today, it looks like there were a lot of buys towards the end of the trading day, at 0.01.
Makes one wonder if someone knows something about what's coming out tomorrow? Again it's just a guess, but it's odd to see why someone would be buying a locked stock at this price.
I'm still hanging in with my bucket load of stock lol and keeping my fingers crossed.
Volume is 0 today. The Lock is now in effect...see you all on the other side whenever this lock is lifted...until then...let's hope our money stays safe lol
Yoda! Does the 39000 refer to unaccounted shares? or Naked shares/short selling?
I guess I want to know what this means?
GLTA
waiting patiently Yoda...and still reading your posts...hoping for better days ahead...if not, I won't regret my decision of putting money in what looks like a great product/investment...risky yes, worth the risk, definitely...let's see how this shapes up in a few months
Heights is spelled "HEIGHTS"...I think your video had it as "HIGHTS"
Cheers and keep up the good work !
YOU can't be serious lol...this product is phenomenal!...It's innovative and hitting the market at the perfect time...people are crying for green, healthier and smoke free environments...this product couldn't have come at a better time...I think you need a reality check, if you think this is just a pump and dump or a stock that people just pass by.
The fundamentals for this stock will make it run, not some day to day technicals or transient drop due to poor management issues
My understanding was that they have a new warehouse...this is from reports from folks on this message board and from a change of address on items that were shipped. I also had it confirmed by email communication with Ken a few weeks ago.
Thanks Dog...still in it...survived the collapse and added more without selling a single share. Let's hope all is well soon.
About time! awesome job...hopefully, more such videos will come out with time.
C'mon bro...stop giving us false hope...lol we'd all love to believe it...but we've been beaten to a pulp these last few weeks...not sure if you're helping anyone here.
does it matter what TS does anymore? He has resigned...the real question is what is up with SFIO...are we involved...or are we not? Do we have some gag order or what is this...its really frustrating to not have heard from the new CEO...geezzz...waiting patiently in the meantime.
Questrade works just fine