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you must have included the ")" in the address, it still works
"and total number of fails-to-deliver
(i.e., the balance level outstanding) recorded in the National Securities Clearing Corporation's ("NSCC") Continuous Net Settlement (CNS) system aggregated over all NSCC members
DTC has suspended all services (http://www.dtcc.com/downloads/legal/imp_notices/2011/dtc/ope/1017-11.pdf)
NSCC is part of DTC services. Brokers/MM's do not have to report FTD because the NSCC reporting to the SEC for SFIO is suspended.
JMO
"TS still owns and thereby controls this company since he holds the majority of the preferred shares."
What preferred shares? What is its ticker symbol? Where does anything say that these phantom preferred shares have leveraged voting power? When did we get to vote?
"This is a perfect example of where patience will be rewarded"
NO
This is a perfect example of where you will learn patience!
When the probable competitors are big tobacco,
the patent is the big thing. To go slow and refine the product under the radar (though the people here don't want them under the radar) knowing that once the patent is issued and the product tested and refined, financing and prospects are seemingly limitless.
To go ahead full bore
(as many here want) without the patent and testing would only cause them to get the rug pulled out from under them.
Go SFIO
ZECCO will let you buy at up to $700 a trade. But if you put in an order for say 100,000 and they have to get 5 people selling 20,000 each to fill it your cost could be up to $3,500 since that would be classsified as 5 trades.
James Denverson Corp CEO?
http://www.ripoffreport.com/brokerage-companies/david-w-dube-cpa-lar/david-w-dube-cpa-largo-fl-59bc4.htm
June 1, 2010: In May, Widow M. H. won a $400,000 Finra arbitration claim against Peak Securities Corp., claiming breach of contract, breach of fiduciary duty, negligence and fraud stemming from the purchase of notes offered by Medical Provider Funding Corp. VI.
Those notes are at the center of a Securities and Exchange Commission fraud complaint issued last summer. The SEC charged Medical Capital Holdings Inc., the parent company of the issuer, with fraud in the sale of $77 million in notes. Dozens of independent broker-dealers sold the notes.
Responsabilty Person for the Peak Sec. was David W. Dube, CPA, Largo
Now: Mr. Dube has a new project. To bring US-Companies to the European Stockmarket: The Frankfurt Open Market. The market with the lowest regulations for listing companies in Western Europe. It's also possible for US-Companies. Frankfurt is a paradise for penny-stock-fraud!
Enjoy your new COKE
1) what is the big deal with the deluxe kit? Just by buy one regular and add extra filters or what ever to make it deluxe yourself, oh, it must be the packaging that is deluxe.
They are working things out including probably the issuing of a preferred shares which would have a new symbol and cuspid which we could trade even if SFIO common were still locked due to messed up accounting on June 30 and July 1 by the brokers and DTC (in my opinion).
2) drop the comments about CAVEAT EMPTOR because it only pertains to OTCMARKETS.com web site to cover their butt. It is there because of the SEC FBI things and they will keep it there until those issues are resolved in court. If they didn't put it there for all to see and knew that there was the possibility fraud going on with a stock and in the end there if was, somebody would sue them for sure. It does not mean SFIO has a bad product or no future.
Interesting read to explain the lock
and gives you what information you need to ask your broker for to understand their role in it (possibly).
http://www.brokerage101.com/opscntl.html
Obviously SFIO was diluted with restricted stock since June 09
Private placement of $1,000,000 of preferred series A is being considered by Roth since it would have a different cuspid and symbol if they are allowed to by the SEC. A new symbol could be traded even if the common were still locked if the lock was not due to the SEC and only imposed by DTC (this paragraph JMO)
-------------------------------------------------------
March 09 annual report and June 09 quarterly report
500,000,000 authorized
373,524,578 issued and outstanding
------------------------------------------------------
April 2011 semi annual report
650,000,000 authorized
100,000,000 preferred series A authorized
554,484,423 common issued and outstanding of which 398,913,739 are
freely trade able
zero preferred series A issued
this information found on
http://www.otcmarkets.com/stock/SFIO/financials
would guess zero volumn means we have all limit orders and no matches.
1 million could be preferred shares not common shares
So why do you ignor the paragraph
"If DTC reasonably suspects that all or a portion of its street name holdings of a security, may not be
fungible and freely transferable as required for DTC services, it may decide, with respect to that
security, to chill one or more of its services or place a global lock on all services, as it deems
appropriate."?
This means the lock may not be due to the SEC but could be due to irregular trading on the 30th and 1st.
But what we are interested in is what happened on the 30th of June and the first of July. Lock was put on before the three day reporting period required for "Failure to Delivers"
National Securities Clearing Corporation's is a sub-corp of DTCC. When there is a global lock on, there are no fails to deliver because they can not deliver if they tried so nothing is reported.. IT is locked. JMO, could be wrong.
I thought only the FBI and SEC knew of this since 2009 until it was announced. Did not know they told TS and crew that they would be charged and arrested in 2011.
Is there a lock on the amount of nicotine they can have too? Or can they grow?
Smoking's up-side: Nicotine protects the brain from Parkinson's disease
Published: Monday, August 1, 2011 - 11:36 in Health & Medicine
http://esciencenews.com/articles/2011/08/01/smokings.side.nicotine.protects.brain.parkinsons.disease
I believe ST does not short stocks.
Marketmakers that they use short stocks.
ST lends stock to dtc to cover those shorts. DCT then puts the dollar value of the lent stocks in the lenders account so that he can earn interest off of the proceeds.
ST and the other two got caught with no shares to close out trades within three days and probably asked DTC to put a global lock on SFIO which put their problems in limbo until everything is settled (hopefully).
It is still the big three's and MM's problem not SFIO's- JMO
naked shorting is not included. SEC requires naked s to turn into shorts by borrowing shares or by buying shares and covering within three days. Only market makers can naked short. Lock could be on for a long time.
Caveat Emptor is to protect OTCMarkets.com and is on only because of the 2009 fraud charge (read the reasons they give).
It is still listed as Limited Information which means they are still supplying information on at least a 6 month basis (look under the skull and crossbones).
Next semi annual report due on August first which boads well for a PR by the end of this week or first of next.
Only people telling others what to do are the ones telling everybody to sell. Get your facts straight.
Yes , you have the right idea and CJ is wrong saying there are no naked shorts. Thursday when we dropped NITE or another was naked short selling to the buyers on the way down. Those shares were not borrowed or bought to cover the short and the position is in limbo until the naked shorts are covered. As long as it has a lock the shorts do not have to be covered.
This is the real scam that is going on.
JMO
You can have this deleted also but
Again why are you here if it is going grey while we are locked?
And there is a difference between shorting and naked shorting.
Individual investors cannot naked short.
Until the semi annual report
you will probably hear nothing.
Would you believe them without figures?
And you had to be hurt in May or June of 2009 I think
Aug. 1st semi annual is due.
When that is ready we will see a PR
jmo
Why would they PR without facts?
Aug. 1st semi annual is due.
When that is ready we will see a PR
And if nothing comes then, you nay Sayers will probably be right.
when they complete the semi annual figures we will probably hear from them.
And some will bet one way on them and some may not. that is the way this game is played TopDog52. Some may sell to early and some may sell to late. Some will win and some will lose.
News is coming if it is still a going concern,
August 19th 2010 semi annual report issued.
April 1st 2011 semi annual report issued
August 1st 2011 is next.
I cannot tender my shares, how can he buy it?
The board was the test marketing. Any large distributor would require proof that the product sells and is liked before they would sign on.
Zecco will not let me buy, always rejected. They will allow sales but fee will be in the hundreds. Will be dumping Zecco when this all clears.
August almost here.
Semi Annual report and dtcc lock info coming soon.
JMO
OH, sorry R*MK has $3,464.00 in cash and equivalents to grow with.
SFIO had $133,173.00
wow RFMK has $2,000 cash on hand to do what with?
stick with SFIO
ZECCO keeps rejecting my orders with no explanation.
Deep Blue Marine was on global lock and was removed by dtcc.
Complaint against CEO says he was likely to do it again.
in 2009 we had 373,524,578 shares outstanding.
in 2011 (march) we had 554,484,423 shares outstanding.
Once SFIO can prove that all the shares outstanding are legitimate, lock will be removed.
Just my theory.
This lock will be on for awhile.
It would be nice if it came off on Monday!
As to why the lock exists (a response to ELITE YODA's private message) because of the naked short position of whomever s. To exit a naked short position requires either borrowing stock from a brokerage (by which the brokerage makes a small fee) or buying it on the open market.
Because the trading was so fast and furious, brokers could not lend any stock to whomever. Thus a lockdown allowed ST to freeze accounts and lend the stock. As they as Three days went by, more and more brokers began to freeze the accounts and existing orders canceled so that the shares could be loaned.
Now, with 95% of the stock locked and loaned out, how is whomever going to buy what is needed to cover?
Just my speculation. I was lock on Thursday by ZECCO.
I would guess it was a all or none order and you got caught up in it for a better price
Hello
If news came out a month ago before RE/AL came out, there would be no SFIO. I would guess there was an agreement to hold off so that we all would not have been totally screwed.