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They've claimed this the last few push backs too. I even got confirmation back in July they'd fix the date on the product page, and they had. Since then, they don't even bother to fix it. So if your idea is based on them saying something now and repeating the same story as they have three times now, let me save you the heart ache. Their word is meaningless, not that they are even liars, they are failures. They have failed to meet announced availability on these deluxe kits 4 straight times now. However, you were around then, so you must have forgot they've made this promise before.
SFIO has been failing us, and themselves since two years ago when Schroepfer and his buddy Fuentes screwed up willingly or accidentaly.
Are you refering to the now infmaous deluxe kit that has had it's ship date moved back yet again, as predicted by many of us? I mean come on, SFIO is obviously not even trying and we have folks trying to put it off as exciting news to come? On Sept. 9th the date will get moved back to end of Sept.
I seldom make it out to the board lately, but still folks trying to cheer on a locked stock that is Caveat Emptor for almost two whole months now.
Lead dead men lay, but don't let dead stocks lie.
Just checking in, glad to see the same brilliant folks are here. Pro's and Con's, but dual meanings to both of those intended.
Nothing new I see. So no buying and can't sell. No word on the lock, patent, sales, or lawsuit makes Fluffy a sad shareholder.
Not that I want my shares to go poof, but at least then I could start legal proceedings with my broker on why he's charged me for the purchase of shares that he did not confirm existed or not.
Unfortunately, I'll have to check in yet some more. I still hold out a little hope in the dark recesses of my mind, that this thing will suddenly take off and create a nightmare of how do I spend all these profits?
Woe is me, the story of a SFIO stockholder, coming to book sto... Shoot, wait, they don't make books anymore do they?
Well you know Larry, no wonder.
I said it is to me, because of the obvious reasons. If it is not obvious to you, then by all means buy. You feel SFIO is too low a PPS while Caveat Emptor to sell, so you must be buying up as much stock as you can right?
I don't see anyone here trying to tell folks to dump shares, I just see folks questioning all the posts acting as if folks should buy shares. From the middle where I stand, I am more upset with folks trying to upsell a stock that is Caveat Emptor, rather then just sit on their own holdings and chill. If SFIO is such a great buying opportunity for you, then great stay quiet and buy all the shares you can get your hands on.
Again, I don't see anyone saying sell SFIO (then as we all know most can't anyways, as even if we were with Fidelity there are few buyers, volume and level II show that.) But if there were folks telling people to sell, to me that is more realistic than the repetitive posts from folks claiming this a buying opportunity.
My stance, hold, you got nothing to loose that's not already been lost and you don't need a position on the stock if you don't have one, for many reasons.
A shameful volume of 33,600, and we still have folks talking up what a great deal SFIO is with it's pending patent. Yet, the pending litigation is the only thing that matters. At least the volume reflects this reality.
If there were any buyers at all, they could put in some pretty low priced high volume bids and probably take over SFIO...
Well maybe not, they'd never know if they were buying legal shares of SFIO!
I don't see SFIO that way at this moment. It has no volume, and there are many other penny plays that do with equal swings. There is no reason to buy at the moment, or sell.
SFIO is stuck in neutral for a long time, sure the swings are still in there, I mean .9 to 1.5 is pretty good, profit to be taken if you are flipping those spreads, BUT only IF their is volume there.
As far as buying a locked stock, caveat emptor on the premise you'll cash in when PR comes and the lock lifts, well in my opinion that is insane. You go from liquid to locked up assests for the most part with this volume unless you control the trades.
SFIO is simply not what it was in May or even June for that matter. The gravey train is dead, and all the excitement from the penny community isn't going to lift it up, even if the PPS is manipulated up a few times. Because when it does lift up, by shares aren't the ones selling, the ones selling belong to a MM.
Now if the lock gets lifted and THEN is followed by PR, we can play with this again.
Actually, the lock does protect investors more than the brokers. As the brokers could've just conintued with selling phantom shares, and using the volatility of the legal matter to profit on swings in the market. By locking the stock, and insuring all shares being traded are legitimate, they are doing us individuals a great service.
Who is not being protected is the company really, but they do have the legal matter, so I don't know how much it really hurts them either. Now if the lock stays in place after the legal matter is resolved (which has happened, right or wrong in those other situations), then we can better understand if it would be fair to keep it locked or not. Again, even if the legal matter is settled, the outcome of that proceeding may still not conform to what the SEC and DTC expect.
We've seen legal agreements that have made illegally created shares suddenly get deemed legit by some over stepping judge, diluting the shares of legally positioned investors. In these cases the DTC continues to hold these securities in a locked status. Lord knows if via the legal proceedings we find out another quarter billion is fake shares is out there, but the judge deems they are now legal due to a settlement, I'll be damned if I am okay with that dilution because someone else got paid to be ok with it and profits, while my share price dips. Even if it is a matter of only $40,000 in shares at the time it was trading at .0001, because that equates to a market cap of an additional $4,000,000 (yes, that is 4 million based off what some consider to be a minor $40,000 violation, oh, and the stock went to .07 ot .08, which is obviously that much higher.)
Bottom line, this lock protects us small investors (really cool government conspiracies aside.)
See when BETA Max gets popular it is going to fly...
Comparing SFIO to any successful company is more than premature. For every company with a unique product that gets bought up, you have hundreds more that struggle to find an audience, deserving of it or not. It's more than the unique product, it's the unique folks behind it.
So far the only truly unique folks involved with SFIO have been on the wrong side of the SEC rules and regulations.
I'm not saying Roth doesn't have that "special something" in him, but I will say if he does, we've certainly not seen it yet. No discredit to him though, as it is currently out of his control. He even admits, they are at the mercy of the legal matter at this time. He expects the matter to be resolved as rapidly as possible, and hopefully they are (but that could still be months.)
Till then, we must wait. If you are a gambler, and have disposable income and want to buy into a security that is currently tagged Caveat Emptor, I wouldn't fault you for it. It may be foolish to think there is still a chance here, but if you go in eyes WIDE OPEN and see SFIO is really a terribly risky play but with reward potential... When then that's cool. However, making it sound like this is a mini-facebook, google, or apple is garbage. If you think it is so powerful, buy more. By buying more, we get the message, as the price will go up. So rather than tell us to buy these up, put your money where you post is and just buy them yourself. Once you drive this sucker to 20 cents a share then I will try to sell them via Fidelity.
Now if they publish some financial data, and it is great news, heck I may buy more shares at 50 cents. Who knows? All I know is this bantering about is old. Heck, I wouldn't even post if none of this false positive trash went up every five minutes. At least I stick to a couple of posts a day about the relevant news.
It was said earlier, if you are a long term investor, steer clear of this for now. If you are a penny player, or just looking to have fun flipping, you have realistically more than a hundred better plays. If you want to gamble like a roulette junkie, have at it, it's a thrill watching it sit locked with crap volume, but could explode out of the gate if 5 things fall into place (one being an DTC unlock).
There is one other reason to buy, you want to help someone else get liquid, though that is not a tax write-offable donation.
Luke is right though, they do have a unique angle on the e-cig, however, due to the previous CEO's foolish transgression, they cannot stike while the proverbial iron is hot. If you think there are not 50 other efforts going on at this very moment to develop soft filter and vaporless options, you are not thinking worldly.
If anything SFIO is hoping the buzz of a soft filter that is vaoprless dies until they can get going. Otherwise a newer option that can trade and go full bore into the market place will over take them before they even get properly started.
I really hope Roth is being upfront and honest, and that there is no further involvement by the company. That the lock is due to the market more than the company, and that they are moving forward trying to get this product advanced distribution in the states. I have no reason to believe or not believe these things, and some of the more positive possibilities actually seem like the more likely ones. But until we see all this pan out, some of us just feel better, keeping the most current facts on this board, and bristle when we see the rah-rah BS that stinks of self-servance. Sorry
Sounds great, let us all get on that. Much rather trust Ihub posters than my broker.
This way I can trade SFIO, regardless of all the red flags. The question remains though, do I buy or sell?
I suppose buy right? I mean you obviously can't buy all the shares being sold at these great prices and kindly remind us to hop in and buy them up with you.
Even if I could trade my SFIO shares at the moment, and all red flags aside. There has still been no reason to buy or sell in all honesty. We know enough about the product, that it has some real potential. However, they've not been able to move it yet, outside of the website. Though I do believe the investor community could be viewed as a test bed, I don't see that activity amounting to more than a thousand orders (which still has not been reached yet.) Also, they are still struggling to get Deluxe Starter kits rolling and have had issues in the past with product release.
Yes, they just got the nicotine sticks going a couple of months ago, but they have supposedly been distributing the non-nicotine option for well over a year. So they don't get the benefit of being new at this distribution thing. Heck, it's the same charger and base until, just the filters are different. Sure, packaging changes, but this much struggle with packaging is not an excuse, it is a warning sign.
No, the current lock by the DTC does not scare me as much as the institutions who are still trading it do. Plus, if you go with the news release the other day, you can see that even Roth has concerns about the trading of this thing.
Personally, I am going to kindly sit this out until the lock is removed. Since there is really no impetus to buy or even sell at this time. Just the old Marine Corps saying of "hurry up and wait."
Till then I am sticking with relevant news, the latest news, and that is Caveat Emptor on the OTC, which in my opinion trumps the DTC lock anyways.
The JV that MD posted about is well over a year old.
However, the latest news is SFIO accepted the resignation of it's CEO who was charged with fraud and the stock is marked Caveat Emptor on the OTC and trades via very few channels now and even those are breaking down.
It is believed that SFIO is still working diligently to clear it's name and meet regulatory requirements and get unlocked, that news was tossed about the last couple of days, so there is hope they are still attempting to become a legit company.
Ideally, they would get their smokefree vaporless nicotine product up to snuff and a few distribution channels established outside of their website, but not until they clear up the name and get the stock unlocked.
Then, and maybe then, they may make the JV relevant again. Till then, as Caveat Emptor implies, buyer beware.
No, if the stock is down from where I bought it I have lost money. I can't use the money, so it means I don't have it, it's gone, lost. POOF!
Since SFIO is Caveat Emptor, I can't even try to sell it. Well I guess I could pay to transfer my account to sell it at a loss on top of that, increasing my overall loss.
So I have in fact lost money.
How about people who have lost money on this company, and have researched unusual behavior from them going back past 2009? Can we have an attitude it is over? I invested on potential back in May, and even own a basic kit of my own and access to another. Posted reviews on it, and felt it wasn't perfect but was one hell of an indoor option for smokers.
Then the charges, then the DTC lock, and then the lack of any response from the company (though again, they may limited it what they are allowed to say until the legal matter is cleared up.)
Bottom line, for now, many of us LONGS feel this is looking over, at least for now. With all the information we know, and with the lock, most of us are actually disgusted with the continued repeating of old positive news that has been seriously trumped by the LAST news we have from nearly a month ago that the CEO was charged by the SEC. Then the big kick in the shin when the DTC locked this puppy and set it's status to Caveat Emptor.
Seeing how those last two major bits of news were our last, I think posting of anything without that information is seriously disingenuous. It seems like an obvious attempt to get folks to buy the stock a few of you are still trying to dump via the backdoor, basically the gray market for all essential purposes. Actually worse, again, it is curerntly marked Caveat Emptor by the OTC.
SFIO is overdue on some form of an update about the state of the company.
Since predictions are all we can get from this DTC locked, silent management team, POS, I'm gonna toss one out.
The Deluxe kits will not be shipping tomorrow and the date will be moved back again.
I could predict the following as well, as it's more likely to be true as opposed to the posts about PR coming that have gone unfulfilled for a few weeks.
Seeing how the order numbers jumped from 800 to like 850 in a month, I predict they fill their 851st order tomorrow too.
I then could predict, posts will be made about immediate PR soon to be released that has been bottled up since 2009.
The entire management team at SFIO besides the Fuentes gang, and Thomas S, have been FBI plants. Now that the FBI has successfully framed the innocent fraudsters, the SEC... Oh wait, I mean Customs, or was it the FDA? Wait, NO! It was the
C
I
A!!!
That has come in and has been using the profits from the sale of Starter Kits since late May of 2011 to fund secret arms deals at a mannequin factory outside of Vegas, after it relocated there from Nashiville via California.
I'm sorry, if we are going to keep getting posts of predictions about PR and DTC unlocks for, oh about a month now, I'd think this post is equally as valid even though I have no credible source of the above mentioned information. Matter of fact, I am starting to question the existence of a management team. BECAUSE management teams manage stuff, and we can tell that this management team has managed nothing. Not the DTC lock, the updating of shareholders via PR or even a website post, and no mention of any distribution deal though they technically are still operating.
Maybe "mum" is still the word, or they even have a gag order imposed on them, but either way this stock is basically dead in the water. Even those with brokers who do circumvent the DTC lock are not trading this and they are the ones claiming how great this stock is. Yet the price fails to do anything because the four people who can trade this can't trade it to themselves.
The volume we have seen has trended down, but more importantly the number of trades executed per day is down to a handful on a good day.
Nope, no prediction needed here, SFIO is definately dead in the water right now. So until they do get news out about the state of affairs at SFIO headquarters, I can't even sell the useless shares I theoretically own.
We should help them? Maybe they should help us by giving us some type of hint of what is going on. Even if they just update something on their website, ideally a PR, but if a PR is too much for them to afford right now they should still get something on their website.
No, I helped SFIO enough by buying and testing their product. I will help them with viral marketing and word of mouth ONLY after I see they are really going to do something.
It's not like I can sell my shares anyways, and no, I was kidding when I said I was moving my account over a lousy penny stock just so I can put in a sell order that'll never fill anyways.
So we have one buyer. That's a plus.
Are they actually selling? I mean they have a site available to sell but we don't have any figures. The order posting previously being seen on here is even moot now. With as silent as this has gone, I just monitor on the off chance somethings come out. Putting my faith in any sales till then, is simply not going to happen. I mean grandma's can sell sock puppets via a website, but it doesn't mean their market cap is in the millions as we are currently saying SFIO is at the current PPS. So sales mean squat from the web site. They need news on distribution just to be worth what they are at now PPS wise. And don't spout off about vending machines in Europe, that info is suspect at best at this point.
Yeah, I am starting to consider moving my portfolio to Fidelity too, just so I can sell the shares I do have. I could be patient, but this is starting to look like deadville and will drag on for months now, not days.
Not sure what big thing you mean, maybe you could expand on that, but SFIO has been lied about by plenty of folks on all sides from the looks of it to me. So not sure what you mean by;
Why would they lie about something if it did not affect them somehow.
Doubt it, order posts dried up from what I can tell. SFIO also missed another shipping target, as deluxe kit boxes must have got hung up (which was the original delay for them.)
Mildly disappointing.
I agreed with you, and simply added an additonal detail to one of your points. Where in my post did I disagree?
I also commented on how knowledgable you were for a first time poster, on Ihub, and not just SFIO.
I don't begrude you, Lord knows I've posted enough details (pro and con) on why SFIO is more than fraught with risk as well as potential reward if you can stomach it. (Click on my username and read the posts if you are actually interested. Some posters are, most aren't, at least here on Ihubbub.)
I could be accused of taking exception to your list of all the great news most already knew about, including the links they've had on their homepage for years now. Most of us here got to watch all that great news basically get flushed down the drain by a few folks, not just the former CEO (AFTER we invested mind you.) Sure the good info could still be considered relevant, so there is NOTHING wrong with posting it. There sure seems to be SOMETHING wrong with omitting the info you did (even if you were unaware at the time of your post, but your weren't unaware.) You did mention it in your reply, so that's a good sign.
However, you sound as if it is okay for SFIO's former CEO to steal $40,000 (mind you it's alot more if the stock soars.) Is that level of stealing okay, even if baited into doing it? To me it's not, so I just added those factual two cents in my reply to your post. Again, you failed in your first post to mention you knew that, and that is your fault not mine. That TERRIBLY dark cloud is holding SFIO and all of us back, and it is RE/AL and the most recent chapter of the SFIO story.
This quote from your reply,
because of the DTC lock. But rest assured that when it is lifted, the PPS will resume it's push up.
With good PR SFIO probabaly wouldn't soar, but could allow some out at better than .02 PPS. Lots of longs here are upside down (a homeowner mortgage analogy) but for many of them to reach a price to decide to sell would require news that was good enough for them to simply stay long and breath a sigh of relief and then high five the hell out of anyone willing to hold up a hand.
As far as the stock not dropping, well... Locks will prevent that from happening too. Though, honestly I think it's also not dropping because those who can trade it would be taking a bath selling it now. The big winners on SFIO pre the DTC lock are on to smaller and better penny stocks.
Most of us are in for the long haul, where the finish line is success or abject failure. Currently when I look down the tunnel I don't see much light, but I do think I see a banner spelling Succailure... But I am not sure, it's impossible to see.
BTW for SFIO, PR and the DTC lock may never come, but it could come years, months, days or even hours from now. I'm not saying either or neither will occur or when. What I am saying as of the moment I made my previous post many of the recent (since the lock) claims being made on this board have been failed speculation. If we look back at some of the posts, some are even blatantly wrong on when SFIO will release PR.
One can only cry wolf so many times, until their sky is falling. I'm not being a chicken little here, and sure my logic is always fluffy, but I've only pointed out that posting the same mystically acheieved predictions of SFIO's grand re-emergence to .04+ PPS (or even just a PR) has passed it's expiration date, and I advise everyone to just wait for a real PR to hit the wire (and I hope it comes today, that would be fine with me) before hollering wolf anymore.
So, I feel confident I am correct in my current assessment of the situation... a real SNAFU. Because being DTC locked has become the norm for SFIO. As sad, but as true, as it currently is. So let's all just hope this situation changes later today, or even ever, as SFIO potential only exists if that happens.
Also for the true naysayers, don't expect SFIO to make any PR's about the lock. That'd be a sure way to tick off the powers that be. They were prudent enough to wait for the FDA to rule on smokeless devices. They were patient enough to endure two Customs Shipment holds. Why would we want them not to exercise that same restraint here, at their most critical juncture yet as a company. So I fully expect the next PR that comes coincides with the unlocking of the stock at DTC. If anything comes prior to that, it'd most likely be bad news for us longs. So for now, I see SNAFU as the glass still half full.
Again, PEL* is a horrible example, it's got next to ZERO volume. SFIO is in limbo, and it is not in their control from what we can tell based on the news we know at this time. We know the DTC has it locked, and did so just a couple of days after the former CEO and founder was publicly charged with violating the law. It had to do with company stock, and that is a huge no-no whether he was set up or not.
None of us know anything, and anyone saying otherwise has been doing so for a couple weeks now and have no results to show for it, good or bad. Because we are stuck in limbo, as they (SFIO) are not going to leak insider information to forewarn a message board. Especially when they are under federal microscopes.
Also, let's see some other expamples of the 3,500 DTC locks that are serving the company well? Even if a CEO requests a lock, things are not good, and something stinks in marketville if they need to request the lock.
No one is saying this lock is due to SFIO being the bad guy either. They may have in fact cut the cancer out of the organization, but there may very well still be cancer in the system via trading systems. Whether it is ST, ET, or the boogey bleeping man, something is certainly not right yet.
Does this mean set fire to your shares? Heck no! Hold them, duh, cause they are not going anywhere (unless they turn out to be bogus and then I put that on the brokers who bought them for us, as we trust in them to verify they bought real shares. Without that trust there is no need for them, so are liable if they fail to provide us shares.) However, to buy you may need to open another account with another broker if you wish to dare risk more on this company at this time considering the turmoil created by their former leadership, traders, MMs, rogue investors, naked shorts, martians, or Harry Potter. You don't need to transfer shares to buy more, just open an account with a broker willing to let you buy. Well, unless you think selling at these prices is a good idea (which it might be even if you take a loss doing it, I don't know, none of us know for sure.)
However, to act like this stock is about to make a big move pre-dtc decisions on unlocking it, is a guess at best and pure folly at worst. Check the charts, and the news on PEL* if you must, and you will see it's not really good news to an investor. Maybe as a pure penny play if you think you can get an order to go through. Look at that bid to ask spread, and that volume, and then I dare you to buy with an open order. IF the same is in store for SFIO I'll feel I am worse off than I already am. And I am not even saying PEL* can't pull out of it's own funk if the DTC lock ever lifts. Because again, no one really knows there either, regardless of how many cool jpegs clog that board.
SFIO facts;
1. FDA approval to treat product as a tobacco product. (nice)
2. Nicotine filters released from cutoms for intial shipments. (nice)
3. Supply dries up admist varying opinion posts of product reviews both good and bad. (not bad)
4. Highly anticipated second shipment held up again. (minor issue)
5. Product available to order again. (nice)
6. Stock holders smashed over the head with SEC and FBI sting. (not nice)
7. DTC suspends trading (terrible)
8. Comparison to PEL* made (GASP?)
Plus, I don't know how you can PM info but not post it about SFIO? Again, PEL*? Not very encouraging, you know (assistant mods should) it is still locked by the very same DTC that has SFIO buttoned down. Does it even need to be locked though, with that puny volume? ( For those wearing aluminum hats to protect you from government death rays, I am sure big tobacco is against MMA events too so we are in the clear there. ROFL)
Seriously, give me some PR and clearance by the DTC to let all brokers trade again. I'm patient waiting for that. What I am not patient with is all the efforts to put positive spin on this stock prior to any good news from the company or the SEC/DTC, heck my broker even.
Be realistic, please... See you on the board Friday.
What SFIO needs is a MFCEO!!!
As a share holder I call for them to bring in Kenny Powers to fix this thing! Steal him from K-Swiss. We can then ask Mark Cuban to rename the Mavericks to the Dallas Smokeless!!! Kenny then can change the smoking world... by destroying it!
I am back to being optomistic, I see PR about this appointment coming soon based on Luke's tip.
I'm bleeping out! Good night.
PS - good post tombe, you inspired me to end the day with a smile.
As do I, since I can still buy and trade my stock in those cases.
We keep hearing this, but nicotine is derived from tobacco and lord knows they'll be selling plenty of nicotine to e-cig companies, or most likely probably already are. I'd say they are applauding all the varities of companies they can sell nicotine to.
Plus they could always buy them out like they did here;
http://www.dailymail.co.uk/health/article-1391541/Smoking-Marlboro-maker-buys-smoke-free-nicotine-inhaler-tobacco-companies-seek-consumer-acceptable-products.html
Conspiring to commit a crime is a crime. He broke the law, CEO securities fraud, which is why he is no longer the CEO and may even get deported.
ROFL, always, but typically I am an optomist. I can't believe how down I have become over these charges and the guilty plea. I can't help but worry, even though deep down I still hold on to a glimmer of hope. Hope that the CEO was hoodwinked into foolishness. That he got Roth and others on the team in place in advance to sail the ship. That I will wake to find that I could sell my SFIO stock! But then if I could suddenly sell it, I actually wouldn't.
I am in sad sad place.
Hmmm, this lead to a thought, speaking of PO's. How many ordered samples of SFIO's product using a credit card? There could be much more to come...
Netflix has a customer base, and had the CEO of SFIO been caught with a hooker instead of pleading guilty to securties fraud the comparison would get to be apples to apples. But alast you are right it is apples to oranges.
Show us where the DTCC suspended a stock for a CEO's personal transgressions?
My position in SFIO has me wishing he'd of been caught with a hooker in stead but...
Fraud was the charge, Securities fraud to be specific.
I don't know squat about greys but if it allowed the stock to be traded I am all for it as long as it is known that greys are a risk that typically never pans out. It sounds like it is.
In that case I see a buyer beware there, and that is really what this stock needs right now if we are going to let it trade. I'd sell if it went up a hair, held if it stayed, and yeah, I would even buy if it dropped. Because like newmedman says, the product hopefully will get a chance to speak for itself and I certainly have agreed to the potential this product does have. Unfortunately, due to legal issues, it may never get it's chance.
Look at my previous posts? I was VERY bullish on this stock pre the charges and even neutral the day after the lock. I also reserve the right to become bullish again.
However, for now, with these chages being so new, and the lock still in place, where does one find it so apalling to be bearish? I mean if these things are not reason enough to be bearish, the entire market should be flying and economies the world over should be humming along happily.
I've seen lots of great posts, some by CJ some by Skywalker, some pro SFIO some anti. However, currently, there is a bais rearing it's head that is no longer appearing to allow the cons along with the pros. At least not with equal footing.
I think those of us readers do wonder why the charges against the CEO of the company since it's inception close to 10 years ago is extremely important to NEW vistitors of this board are not stickyed.
I for one would hold off on buying based on that were I not already invested. Others may still buy based on it, due to the other perceived potential. None the less, if we are going to champion postive aspects and sticky them, we should also be allowed to see the negatives with just as much transparency.
Also, it seems some posts perceived as PAs get removed quickly, and other more blatant stick around if they help discredit anyone with an opinion not bowing to the power of SFIO.
Seriously, time to be fair or admit this is an advertisement thread. The ONLY reason I have not signed up for Premium Service yet, is that I don't want to kick in money for a service that is not impartial. I want all opinions when I come here, not just the ones who make the stock look stellar.
Actually, this is a VERY good post, and echos my many converns with the SEC and it's own irresponsible behavior in this mattter that I KNOW has cost me money. Sure they limited my losses, but sure could have prevented all of them had they halted this when they should have.
Who's throwing in the towel? For the majority of us, even if we want to we can't. It's not trading via any legitimate brokers (ones that use proper checks and balances.)
This thing is either going to drop like a box of rocks, or sky rocket on pent up fantasies. Assuming it ever does get opened back up, which looks less and less likely each day that it goes like this. Actually sounds like things continue to deteriorate a little more each day.
I really hope the company pulls out of this in the end, I would like to see them make it into the main stream. A very promising product that could allow smokers and vaps an alternative to use where smoke and vapors are not allowed.
Yep, I am fine with it. For if this company survives these current events, it's going to bounce back. I am not in this for a flip, so if it becomes properly valued while I am froze out great. I'll toss in a limit order to pick up some more shares if it ever unfreezes. Pretty sure that number is still south of current pricing. Keep in mind new information may come to light and it could shoot up! If the stuff EY is calling for pans out, hell, it won't much matter if I buy in at .01 or .05... Okay, that's bogus, even you all won't fall for this statement.
Right now, all I am saying is I hope this stock gets unlocked first of all. Second, I would love to see my current holdings are at my pps entry point. Third, but if it is not, I may buy assuming the price reaches a point I am comfortable re-entering at. Which is lower than the point I originally bought at before I became intimately knowldegable with the kind of exterme optimism spewed forth on this site. I mean when folks who weigh the good and the bad get lambasted as Chicken Littles, I question the credibility of them more so than the naysayers. This coming from me, a glass half full kind of a guy.
I do dislike the lock, but not because I think the MM's are ripping us off. No I dislike for very real reasons, that for it to be locked out an entire week means something very real is going on behind the investigative scene. Yep, it all may turn out that Tom and Fuentes are the only dirty or maybe just extremely foolish members of the SFIO clan. However, I think the reason I am fine with the lock is I would rather they hash it all out to limit the damage some of the day traders can do. You know, the ones that prey on gullible investors. They do exist, and they are the reason this stock is locked, not because E-Trade or Scottrade need to cover a couple million in losses, that's peanuts to them.
Sorry EliteYoda,
My premium subscrition is expired and I am mulling over re-upping. Till then I have to reply here.
I agree with you on day traders. For us few longs, what I need to see is listed in my post already.
I have to admit I am down on this company due to the lock, more so then anything else. Even the fraud commited by it's founding CEO is of less concern.
I just have a bad feeling with the lock lasting the whole week. Imbalances like this are worked out in hours after the bell. This should have been re-opened Tuesday, unless this hold is due to on-going investigations.
Even if some of these market makers lost their shirts on this stock, they clear it up and eat their shorts for that day. I've been on the trading floor as those meetings were hashed out. Someone goes home sucking the high hard one, but they bounce back the following week with a slap on the back (no I wasn't a trader I provided support so I am not claiming to be an expert here. Though I witnessed situations of money lost first hand, and the kind of money lost in this case is not that extrordianary. Even if it were, they would do the kind of things folks have speculated about this week. Though paranoia is fun and I partake in it willingly.)
So this lock has me down most of all. My other remarks were to weigh in that EVEN WITHOUT this major issue, there were other reasons this was a bad play for LONGS at this time or in the foreseeable future which I listed. I am saying to those long like me, sit on the sidelines and watch the day traders whip this stock up and down and based on PPS vs. Market Cap, maybe hop back in around .005 assuming the company has been cleared of any further wrong doing. Again, they are listed as a defendant on the fraud charges and regardless of a new CEO, the company is still at risk until the matter is fully settled. Only Tom has settled from everything I have read (here and elsewhere.) Fuentes and the rest of the company are matters still at large.
Again, this is a great day trader stock for hardcore penny players willing to gamble. As the flurry of misinformation on this stock makes the swings wild and wide.
My post was for the longs, I even mention that early in the post. But I love to have fun with the penny guys, which I ended my post with.